DUBOIS SECURITY: 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.
DUBOIS SECURITY
Largest movements
- Receivables within one year -€81,518
down €81,518 (-33.5%), from €243,614 to €162,096
of which Trade receivables: -€45,253
- Tangible fixed assets -€43,849
down €43,849 (-15.6%), from €281,920 to €238,071
of which Plant, machinery and equipment: -€24,571
- Stocks and contracts +€13,559
up €13,559 (+27.5%), from €49,363 to €62,921
- Cash +€8,322
up €8,322 (+38.5%), from €21,595 to €29,918
mainly Receivables within one year (+€81,518) and Depreciation (+€76,906)
- Reserves -€49,422
down €49,422 (-12.3%), from €403,296 to €353,874
of which Distributable reserves: -€49,422
- Trade debts -€36,701
down €36,701 (-92.7%), from €39,608 to €2,907
- Tax, wage and social debts -€11,945
down €11,945 (-19.7%), from €60,752 to €48,807
- Debts after one year -€11,696
down €11,696 (-25.5%), from €45,910 to €34,214
- Staff costs +€36,129
up €36,129 (+9.3%), from €390,077 to €426,206
- Gross operating margin +€20,309
up €20,309 (+4.6%), from €438,921 to €459,230
- Depreciation +€12,468
up €12,468 (+19.3%), from €64,438 to €76,906
- Financial income -€10,603
down €10,603 (-95.6%), from €11,088 to €484
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €616,484 | €508,448 | -€108,035 | -17.5% |
| Fixed assets | 21/28 | €301,912 | €253,514 | -€48,399 | -16.0% |
| Intangible fixed assets | 21 | €19,992 | €15,442 | -€4,550 | -22.8% |
| Tangible fixed assets | 22/27 | €281,920 | €238,071 | -€43,849 | -15.6% |
| Plant, machinery and equipment | 23 | €156,098 | €131,526 | -€24,571 | -15.7% |
| Furniture and vehicles | 24 | €125,822 | €106,545 | -€19,277 | -15.3% |
| Current assets | 29/58 | €314,571 | €254,935 | -€59,637 | -19.0% |
| Stocks and contracts in progress | 3 | €49,363 | €62,921 | +€13,559 | +27.5% |
| Stocks | 30/36 | €49,363 | €62,921 | +€13,559 | +27.5% |
| Amounts receivable within one year | 40/41 | €243,614 | €162,096 | -€81,518 | -33.5% |
| Trade receivables | 40 | €153,302 | €108,049 | -€45,253 | -29.5% |
| Other amounts receivable | 41 | €90,312 | €54,047 | -€36,265 | -40.2% |
| Cash at bank and in hand | 54/58 | €21,595 | €29,918 | +€8,322 | +38.5% |
| Total equity and liabilities | 10/49 | €616,484 | €508,448 | -€108,035 | -17.5% |
| Equity | 10/15 | €421,896 | €372,474 | -€49,422 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,296 | €353,874 | -€49,422 | -12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €401,436 | €352,014 | -€49,422 | -12.3% |
| Amounts payable | 17/49 | €194,588 | €135,974 | -€58,614 | -30.1% |
| Amounts payable after more than one year | 17 | €45,910 | €34,214 | -€11,696 | -25.5% |
| Financial debts | 170/4 | €45,910 | €34,214 | -€11,696 | -25.5% |
| Amounts payable within one year | 42/48 | €148,678 | €101,760 | -€46,918 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €16,396 | €15,108 | -€1,288 | -7.9% |
| Trade debts | 44 | €39,608 | €2,907 | -€36,701 | -92.7% |
| Suppliers | 440/4 | €39,608 | €2,907 | -€36,701 | -92.7% |
| Taxes, remuneration and social security | 45 | €60,752 | €48,807 | -€11,945 | -19.7% |
| Remuneration and social security | 454/9 | €60,752 | €48,807 | -€11,945 | -19.7% |
| Other amounts payable | 47/48 | €31,922 | €34,938 | +€3,016 | +9.4% |
| Remuneration, social security and pensions | 62 | €390,077 | €426,206 | +€36,129 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,438 | €76,906 | +€12,468 | +19.3% |
| Other operating charges | 640/8 | €4,651 | €2,698 | -€1,953 | -42.0% |
| Gross operating margin | 9900 | €438,921 | €459,230 | +€20,309 | +4.6% |
| Operating profit (loss) | 9901 | -€20,245 | -€46,580 | -€26,335 | -130% |
| Financial income | 75/76B | €11,088 | €484 | -€10,603 | -95.6% |
| Recurring financial income | 75 | €11,088 | €484 | -€10,603 | -95.6% |
| Financial charges | 65/66B | €3,148 | €3,126 | -€22 | -0.7% |
| Recurring financial charges | 65 | €2,970 | €2,303 | -€667 | -22.4% |
| Non-recurring financial charges | 66B | €178 | €822 | +€645 | +363% |
| Profit (loss) for the period before taxes | 9903 | -€12,305 | -€49,221 | -€36,916 | -300% |
| Income taxes | 67/77 | - | €201 | +€201 | |
| Profit (loss) for the period | 9904 | -€12,305 | -€49,422 | -€37,117 | -302% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,305 | -€49,422 | -€37,117 | -302% |
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 18 October 2026 via checked.be.