DUBO HVAC: what changed
DUBO HVAC
Largest movements
- Receivables within one year +€37,571
up €37,571 (+20.5%), from €183,297 to €220,868
of which Trade receivables: +€37,277
- Tangible fixed assets -€19,888
down €19,888 (-27.4%), from €72,513 to €52,625
of which Leasing and similar rights: -€19,639
- Cash +€5,038
up €5,038 (+21.8%), from €23,137 to €28,175
mainly Other debts (+€44,699) and Depreciation (+€19,888)
- Other debts +€44,699
up €44,699 (+39.7%), from €112,593 to €157,292
- Reserves -€27,231
down €27,231 (-73.6%), from €36,987 to €9,756
- Debts after one year -€19,529
down €19,529 (-34.8%), from €56,159 to €36,630
- Trade debts +€13,627
up €13,627 (+28.7%), from €47,545 to €61,173
- Tax, wage and social debts +€9,506
up €9,506 (+124%), from €7,656 to €17,162
of which Taxes: +€9,204
- Gross operating margin +€54,406
up €54,406 (+58.1%), from €93,678 to €148,084
- Staff costs +€40,084
up €40,084 (+64.8%), from €61,830 to €101,914
- Depreciation +€12,756
up €12,756 (+179%), from €7,132 to €19,888
- Other operating charges +€4,382
up €4,382 (+230%), from €1,906 to €6,288
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,307 | €320,290 | +€21,983 | +7.4% |
| Fixed assets | 21/28 | €72,513 | €52,625 | -€19,888 | -27.4% |
| Tangible fixed assets | 22/27 | €72,513 | €52,625 | -€19,888 | -27.4% |
| Furniture and vehicles | 24 | €839 | €591 | -€248 | -29.6% |
| Leasing and similar rights | 25 | €71,674 | €52,035 | -€19,639 | -27.4% |
| Current assets | 29/58 | €225,793 | €267,664 | +€41,871 | +18.5% |
| Stocks and contracts in progress | 3 | €16,523 | €14,110 | -€2,413 | -14.6% |
| Stocks | 30/36 | €16,523 | €14,110 | -€2,413 | -14.6% |
| Amounts receivable within one year | 40/41 | €183,297 | €220,868 | +€37,571 | +20.5% |
| Trade receivables | 40 | €95,337 | €132,614 | +€37,277 | +39.1% |
| Other amounts receivable | 41 | €87,960 | €88,255 | +€294 | +0.3% |
| Cash at bank and in hand | 54/58 | €23,137 | €28,175 | +€5,038 | +21.8% |
| Deferred charges and accrued income | 490/1 | €2,836 | €4,512 | +€1,675 | +59.1% |
| Total equity and liabilities | 10/49 | €298,307 | €320,290 | +€21,983 | +7.4% |
| Equity | 10/15 | €55,587 | €28,356 | -€27,231 | -49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,987 | €9,756 | -€27,231 | -73.6% |
| Distributable reserves | 133 | €36,987 | €9,756 | -€27,231 | -73.6% |
| Amounts payable | 17/49 | €242,720 | €291,934 | +€49,214 | +20.3% |
| Amounts payable after more than one year | 17 | €56,159 | €36,630 | -€19,529 | -34.8% |
| Financial debts | 170/4 | €56,159 | €36,630 | -€19,529 | -34.8% |
| Amounts payable within one year | 42/48 | €186,561 | €255,155 | +€68,594 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €18,767 | €19,529 | +€761 | +4.1% |
| Trade debts | 44 | €47,545 | €61,173 | +€13,627 | +28.7% |
| Suppliers | 440/4 | €47,545 | €61,173 | +€13,627 | +28.7% |
| Taxes, remuneration and social security | 45 | €7,656 | €17,162 | +€9,506 | +124% |
| Taxes | 450/3 | €2,324 | €11,527 | +€9,204 | +396% |
| Remuneration and social security | 454/9 | €5,332 | €5,635 | +€303 | +5.7% |
| Other amounts payable | 47/48 | €112,593 | €157,292 | +€44,699 | +39.7% |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Remuneration, social security and pensions | 62 | €61,830 | €101,914 | +€40,084 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,132 | €19,888 | +€12,756 | +179% |
| Other operating charges | 640/8 | €1,906 | €6,288 | +€4,382 | +230% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €93,678 | €148,084 | +€54,406 | +58.1% |
| Operating profit (loss) | 9901 | €21,010 | €19,994 | -€1,016 | -4.8% |
| Financial income | 75/76B | €18 | €76 | +€57 | +311% |
| Recurring financial income | 75 | €18 | €76 | +€57 | +311% |
| Financial charges | 65/66B | €1,668 | €2,559 | +€891 | +53.4% |
| Recurring financial charges | 65 | €1,668 | €2,559 | +€891 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €19,360 | €17,511 | -€1,849 | -9.6% |
| Income taxes | 67/77 | €4,788 | €4,742 | -€46 | -1.0% |
| Profit (loss) for the period | 9904 | €14,572 | €12,769 | -€1,803 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,572 | €12,769 | -€1,803 | -12.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.