DUBELGO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DUBELGO
Largest movements
- Receivables within one year -€5,802
down €5,802 (-62.9%), from €9,225 to €3,423
of which Trade receivables: -€5,808
- Cash +€5,414
up €5,414 (+301.0%), from €1,799 to €7,213
mainly Receivables within one year (+€5,802) and Net result for the year (+€4,959)
- Stocks and contracts -€800
down €800 (-100.0%), from €800 to €0
- Tangible fixed assets -€259
down €259 (-26.9%), from €963 to €704
- Profit (loss) carried forward +€4,959
up €4,959 (+7.7%), from -€64,531 to -€59,572
- Trade debts -€4,781
down €4,781 (-85.1%), from €5,621 to €840
- Other debts -€1,760
down €1,760 (-38.4%), from €4,583 to €2,823
- Tax, wage and social debts +€134
up €134 (+12.1%), from €1,114 to €1,248
- Purchases and services -€6,698
down €6,698 (-33.1%), from €20,258 to €13,560
- Turnover +€6,689
up €6,689 (+49.9%), from €13,408 to €20,098
- Depreciation -€1,327
down €1,327 (-83.7%), from €1,586 to €259
- Other operating charges +€790
up €790 (+1242.5%), from €64 to €853
- Financial income -€543
down €543 (-100.0%), from €543 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,787 | €11,340 | -€1,447 | -11.3% |
| Fixed assets | 21/28 | €963 | €704 | -€259 | -26.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €963 | €704 | -€259 | -26.9% |
| Plant, machinery and equipment | 23 | €963 | €704 | -€259 | -26.9% |
| Current assets | 29/58 | €11,824 | €10,636 | -€1,188 | -10.0% |
| Stocks and contracts in progress | 3 | €800 | €0 | -€800 | -100.0% |
| Stocks | 30/36 | €800 | €0 | -€800 | -100.0% |
| Amounts receivable within one year | 40/41 | €9,225 | €3,423 | -€5,802 | -62.9% |
| Trade receivables | 40 | €9,225 | €3,417 | -€5,808 | -63.0% |
| Other amounts receivable | 41 | €0 | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €1,799 | €7,213 | +€5,414 | +301.0% |
| Total equity and liabilities | 10/49 | €12,787 | €11,340 | -€1,447 | -11.3% |
| Equity | 10/15 | €1,469 | €6,428 | +€4,959 | +337.7% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,531 | -€59,572 | +€4,959 | +7.7% |
| Amounts payable | 17/49 | €11,318 | €4,912 | -€6,406 | -56.6% |
| Amounts payable within one year | 42/48 | €11,318 | €4,912 | -€6,406 | -56.6% |
| Trade debts | 44 | €5,621 | €840 | -€4,781 | -85.1% |
| Suppliers | 440/4 | €5,621 | €840 | -€4,781 | -85.1% |
| Taxes, remuneration and social security | 45 | €1,114 | €1,248 | +€134 | +12.1% |
| Taxes | 450/3 | €1,114 | €1,248 | +€134 | +12.1% |
| Other amounts payable | 47/48 | €4,583 | €2,823 | -€1,760 | -38.4% |
| Turnover | 70 | €13,408 | €20,098 | +€6,689 | +49.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,258 | €13,560 | -€6,698 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €259 | -€1,327 | -83.7% |
| Other operating charges | 640/8 | €64 | €853 | +€790 | +1242.5% |
| Gross operating margin | 9900 | €6,850 | €6,538 | -€312 | -4.5% |
| Operating profit (loss) | 9901 | €5,200 | €5,426 | +€226 | +4.3% |
| Financial income | 75/76B | €543 | €0 | -€543 | -100.0% |
| Recurring financial income | 75 | €543 | €0 | -€543 | -100.0% |
| Financial charges | 65/66B | €179 | €467 | +€288 | +160.8% |
| Recurring financial charges | 65 | €179 | €467 | +€288 | +160.8% |
| Profit (loss) for the period before taxes | 9903 | €5,564 | €4,959 | -€605 | -10.9% |
| Profit (loss) for the period | 9904 | €5,564 | €4,959 | -€605 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,564 | €4,959 | -€605 | -10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.