DUBO: 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.
DUBO
Largest movements
- Stocks and contracts +€12,714
up €12,714 (+25.0%), from €50,939 to €63,653
- Receivables within one year +€1,387
up €1,387 (+22.9%), from €6,050 to €7,437
of which Trade receivables: +€1,240
- Cash +€1,186
up €1,186 (+30.8%), from €3,853 to €5,039
mainly Trade debts (+€5,929) and Accrued charges and deferred income (+€3,512)
- Trade debts +€5,929
up €5,929 (+81.1%), from €7,310 to €13,239
- Accrued charges and deferred income +€3,512
up €3,512 (+19.7%), from €17,814 to €21,327
- Profit (loss) carried forward +€3,503
up €3,503 (+53.1%), from -€6,592 to -€3,089
- Tax, wage and social debts +€1,759
up €1,759 (+53.9%), from €3,261 to €5,020
- Gross operating margin -€4,196
down €4,196 (-41.1%), from €10,214 to €6,018
- Taxes +€700
new in 2025: €700
- Financial charges -€534
down €534 (-46.0%), from €1,161 to €627
- Other operating charges -€466
down €466 (-39.7%), from €1,172 to €706
- Financial income +€151
up €151 (+60.4%), from €251 to €402
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 | €65,464 | €80,167 | +€14,703 | +22.5% |
| Fixed assets | 21/28 | €4,622 | €4,038 | -€584 | -12.6% |
| Tangible fixed assets | 22/27 | €1,604 | €1,020 | -€584 | -36.4% |
| Plant, machinery and equipment | 23 | €1,041 | €725 | -€316 | -30.3% |
| Other tangible fixed assets | 26 | €563 | €294 | -€268 | -47.7% |
| Financial fixed assets | 28 | €3,018 | €3,018 | = | 0.0% |
| Current assets | 29/58 | €60,842 | €76,129 | +€15,287 | +25.1% |
| Stocks and contracts in progress | 3 | €50,939 | €63,653 | +€12,714 | +25.0% |
| Stocks | 30/36 | €50,939 | €63,653 | +€12,714 | +25.0% |
| Amounts receivable within one year | 40/41 | €6,050 | €7,437 | +€1,387 | +22.9% |
| Trade receivables | 40 | €1,797 | €3,037 | +€1,240 | +69.0% |
| Other amounts receivable | 41 | €4,253 | €4,400 | +€147 | +3.5% |
| Cash at bank and in hand | 54/58 | €3,853 | €5,039 | +€1,186 | +30.8% |
| Total equity and liabilities | 10/49 | €65,464 | €80,167 | +€14,703 | +22.5% |
| Equity | 10/15 | €19,618 | €23,121 | +€3,503 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,610 | €7,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,750 | €5,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,592 | -€3,089 | +€3,503 | +53.1% |
| Amounts payable | 17/49 | €45,846 | €57,046 | +€11,200 | +24.4% |
| Amounts payable within one year | 42/48 | €28,032 | €35,719 | +€7,688 | +27.4% |
| Trade debts | 44 | €7,310 | €13,239 | +€5,929 | +81.1% |
| Suppliers | 440/4 | €7,310 | €13,239 | +€5,929 | +81.1% |
| Taxes, remuneration and social security | 45 | €3,261 | €5,020 | +€1,759 | +53.9% |
| Taxes | 450/3 | €3,261 | €5,020 | +€1,759 | +53.9% |
| Other amounts payable | 47/48 | €17,461 | €17,461 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,814 | €21,327 | +€3,512 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €584 | +€20 | +3.6% |
| Other operating charges | 640/8 | €1,172 | €706 | -€466 | -39.7% |
| Non-recurring operating charges | 66A | - | €300 | +€300 | |
| Gross operating margin | 9900 | €10,214 | €6,018 | -€4,196 | -41.1% |
| Operating profit (loss) | 9901 | €8,479 | €4,428 | -€4,051 | -47.8% |
| Financial income | 75/76B | €251 | €402 | +€151 | +60.4% |
| Recurring financial income | 75 | €251 | €402 | +€151 | +60.4% |
| Financial charges | 65/66B | €1,161 | €627 | -€534 | -46.0% |
| Recurring financial charges | 65 | €1,161 | €627 | -€534 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €7,569 | €4,203 | -€3,366 | -44.5% |
| Income taxes | 67/77 | - | €700 | +€700 | |
| Profit (loss) for the period | 9904 | €7,569 | €3,503 | -€4,066 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,569 | €3,503 | -€4,066 | -53.7% |
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 30 September 2026 via checked.be.