DUBIN B.T.: what changed
Two financial 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.
What changed
DUBIN B.T.
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€421
2024 · €21,310-€20,889
Equity
€337,657
2024 · €337,236+€421
Cash
€119,667
2024 · €86,207+€33,460
Balance sheet total
€608,638
2024 · €635,006-€26,368
Largest movements
Assets
- Receivables within one year -€52,069
down €52,069 (-47.3%), from €110,002 to €57,933
of which Trade receivables: -€49,770
- Cash +€33,460
up €33,460 (+38.8%), from €86,207 to €119,667
mainly Receivables within one year (+€52,069) and Depreciation (+€19,031)
- Deferred charges and accrued income -€11,398
down €11,398 (-46.9%), from €24,289 to €12,891
Equity and liabilities
- Debts after one year -€19,641
down €19,641 (-12.2%), from €160,442 to €140,801
- Trade debts -€13,680
down €13,680 (-47.7%), from €28,666 to €14,986
- Tax, wage and social debts +€7,671
up €7,671 (+139%), from €5,525 to €13,195
Income statement
- Gross operating margin -€26,518
down €26,518 (-44.7%), from €59,351 to €32,833
- Taxes -€4,802
down €4,802 (-60.8%), from €7,893 to €3,091
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.
Result 2024
€21,310
Gross operating margin
-€26,518
Depreciation
-€135
Other operating charges
+€331
Financial income
+€201
Financial charges
+€431
Taxes
+€4,802
Result 2025
€421
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€77,004
Investment
-€22,670
Financing
-€20,874
Cash 2024
€86,207
From operations (derived)
+€77,004
Net result for the year
+€421
Depreciation
+€19,031
Receivables within one year
+€52,069
Deferred charges and accrued income
+€11,398
Trade debts
-€13,680
Tax, wage and social debts
+€7,671
Smaller working-capital items
+€94
Investment (derived)
-€22,670
Investment in fixed assets (net)
-€22,670
Financing
-€20,874
Debts after one year
-€19,641
Current portion of long-term debt
+€445
Short-term financial debts
-€1,678
Cash 2025
€119,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,006 | €608,638 | -€26,368 | -4.2% |
| Fixed assets | 21/28 | €414,509 | €418,148 | +€3,639 | +0.9% |
| Tangible fixed assets | 22/27 | €314,509 | €318,148 | +€3,639 | +1.2% |
| Land and buildings | 22 | €296,039 | €300,139 | +€4,100 | +1.4% |
| Furniture and vehicles | 24 | €13,151 | €10,190 | -€2,961 | -22.5% |
| Other tangible fixed assets | 26 | €5,319 | €7,819 | +€2,500 | +47.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €220,497 | €190,490 | -€30,007 | -13.6% |
| Amounts receivable within one year | 40/41 | €110,002 | €57,933 | -€52,069 | -47.3% |
| Trade receivables | 40 | €105,156 | €55,387 | -€49,770 | -47.3% |
| Other amounts receivable | 41 | €4,845 | €2,546 | -€2,299 | -47.5% |
| Cash at bank and in hand | 54/58 | €86,207 | €119,667 | +€33,460 | +38.8% |
| Deferred charges and accrued income | 490/1 | €24,289 | €12,891 | -€11,398 | -46.9% |
| Total equity and liabilities | 10/49 | €635,006 | €608,638 | -€26,368 | -4.2% |
| Equity | 10/15 | €337,236 | €337,657 | +€421 | +0.1% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €321,123 | €321,544 | +€421 | +0.1% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,593 | €42,593 | = | 0.0% |
| Distributable reserves | 133 | €266,135 | €266,556 | +€421 | +0.2% |
| Provisions and deferred taxes | 16 | €79,072 | €79,072 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €79,072 | €79,072 | = | 0.0% |
| Pensions and similar obligations | 160 | €79,072 | €79,072 | = | 0.0% |
| Amounts payable | 17/49 | €218,699 | €191,910 | -€26,789 | -12.2% |
| Amounts payable after more than one year | 17 | €160,442 | €140,801 | -€19,641 | -12.2% |
| Financial debts | 170/4 | €160,442 | €140,801 | -€19,641 | -12.2% |
| Amounts payable within one year | 42/48 | €55,849 | €48,623 | -€7,226 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €19,196 | €19,641 | +€445 | +2.3% |
| Financial debts | 43 | €1,678 | €0 | -€1,678 | -100% |
| Credit institutions | 430/8 | €1,678 | €0 | -€1,678 | -100% |
| Trade debts | 44 | €28,666 | €14,986 | -€13,680 | -47.7% |
| Suppliers | 440/4 | €28,666 | €14,986 | -€13,680 | -47.7% |
| Taxes, remuneration and social security | 45 | €5,525 | €13,195 | +€7,671 | +139% |
| Taxes | 450/3 | €5,525 | €13,195 | +€7,671 | +139% |
| Other amounts payable | 47/48 | €785 | €801 | +€16 | +2.0% |
| Accrued charges and deferred income | 492/3 | €2,407 | €2,485 | +€78 | +3.2% |
| Non-recurring operating income | 76A | €16,150 | €0 | -€16,150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,896 | €19,031 | +€135 | +0.7% |
| Other operating charges | 640/8 | €4,212 | €3,881 | -€331 | -7.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,351 | €32,833 | -€26,518 | -44.7% |
| Operating profit (loss) | 9901 | €36,243 | €9,921 | -€26,323 | -72.6% |
| Financial income | 75/76B | €14 | €215 | +€201 | +1,405% |
| Recurring financial income | 75 | €14 | €215 | +€201 | +1,405% |
| Financial charges | 65/66B | €7,054 | €6,623 | -€431 | -6.1% |
| Recurring financial charges | 65 | €7,054 | €6,623 | -€431 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €29,203 | €3,512 | -€25,691 | -88.0% |
| Income taxes | 67/77 | €7,893 | €3,091 | -€4,802 | -60.8% |
| Profit (loss) for the period | 9904 | €21,310 | €421 | -€20,889 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,310 | €421 | -€20,889 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.