DUBOIS VALERY: what changed
What changed
DUBOIS VALERY
filed annual accounts (NBB)
Net result for the year
-€14,321
2024 · €12,127-€26,448
Equity
€81,234
2024 · €95,555-€14,321
Cash
€31,749
2024 · €60,536-€28,787
Balance sheet total
€640,490
2024 · €650,518-€10,028
Largest movements
Assets
- Cash -€28,787
down €28,787 (-47.6%), from €60,536 to €31,749
mainly Investment in fixed assets (net) (-€74,436) and Other debts (-€22,000)
- Tangible fixed assets +€25,794
up €25,794 (+4.7%), from €550,871 to €576,665
of which Land and buildings: +€26,473
- Receivables within one year -€10,703
down €10,703 (-28.8%), from €37,148 to €26,445
of which Other amounts receivable: -€7,982
Equity and liabilities
- Debts after one year +€23,991
up €23,991 (+4.9%), from €484,942 to €508,933
- Other debts -€22,000
no longer reported in 2025 (was €22,000)
- Profit (loss) carried forward -€14,321
down €14,321 (-37.6%), from €38,098 to €23,777
Income statement
- Depreciation +€15,940
up €15,940 (+48.7%), from €32,702 to €48,642
- Gross operating margin -€8,118
down €8,118 (-13.4%), from €60,450 to €52,331
- Financial charges +€5,189
up €5,189 (+47.4%), from €10,951 to €16,141
- Taxes -€3,833
down €3,833 (-89.7%), from €4,273 to €440
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.
Result 2024
€12,127
Gross operating margin
-€8,118
Depreciation
-€15,940
Other operating charges
-€603
Financial income
-€430
Financial charges
-€5,189
Taxes
+€3,833
Result 2025
-€14,321
raises the resultlowers the result
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.
From operations
+€18,799
Investment
-€74,436
Financing
+€26,850
Cash 2024
€60,536
From operations (derived)
+€18,799
Net result for the year
-€14,321
Depreciation
+€48,642
Receivables within one year
+€10,703
Deferred charges and accrued income
-€3,668
Trade debts
-€3,313
Tax, wage and social debts
+€2,762
Other debts
-€22,000
Accrued charges and deferred income
-€6
Investment (derived)
-€74,436
Investment in fixed assets (net)
-€74,436
Financing
+€26,850
Debts after one year
+€23,991
Current portion of long-term debt
+€2,276
Short-term financial debts
+€583
Cash 2025
€31,749
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,518 | €640,490 | -€10,028 | -1.5% |
| Fixed assets | 21/28 | €550,925 | €576,719 | +€25,794 | +4.7% |
| Tangible fixed assets | 22/27 | €550,871 | €576,665 | +€25,794 | +4.7% |
| Land and buildings | 22 | €543,616 | €570,088 | +€26,473 | +4.9% |
| Furniture and vehicles | 24 | €7,256 | €1,175 | -€6,080 | -83.8% |
| Leasing and similar rights | 25 | - | €5,401 | +€5,401 | |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €99,593 | €63,771 | -€35,822 | -36.0% |
| Amounts receivable within one year | 40/41 | €37,148 | €26,445 | -€10,703 | -28.8% |
| Trade receivables | 40 | €4,350 | €1,629 | -€2,721 | -62.6% |
| Other amounts receivable | 41 | €32,798 | €24,816 | -€7,982 | -24.3% |
| Cash at bank and in hand | 54/58 | €60,536 | €31,749 | -€28,787 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,909 | €5,577 | +€3,668 | +192% |
| Total equity and liabilities | 10/49 | €650,518 | €640,490 | -€10,028 | -1.5% |
| Equity | 10/15 | €95,555 | €81,234 | -€14,321 | -15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,858 | €38,858 | = | 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 | €36,998 | €36,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,098 | €23,777 | -€14,321 | -37.6% |
| Amounts payable | 17/49 | €554,963 | €559,256 | +€4,293 | +0.8% |
| Amounts payable after more than one year | 17 | €484,942 | €508,933 | +€23,991 | +4.9% |
| Financial debts | 170/4 | €484,942 | €508,933 | +€23,991 | +4.9% |
| Amounts payable within one year | 42/48 | €69,108 | €49,416 | -€19,692 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €31,661 | €33,936 | +€2,276 | +7.2% |
| Financial debts | 43 | €8,238 | €8,821 | +€583 | +7.1% |
| Credit institutions | 430/8 | €8,238 | €8,821 | +€583 | +7.1% |
| Trade debts | 44 | €6,672 | €3,359 | -€3,313 | -49.7% |
| Suppliers | 440/4 | €6,672 | €3,359 | -€3,313 | -49.7% |
| Taxes, remuneration and social security | 45 | €538 | €3,300 | +€2,762 | +513% |
| Taxes | 450/3 | €538 | €3,300 | +€2,762 | +513% |
| Other amounts payable | 47/48 | €22,000 | - | -€22,000 | |
| Accrued charges and deferred income | 492/3 | €913 | €907 | -€6 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,702 | €48,642 | +€15,940 | +48.7% |
| Other operating charges | 640/8 | €1,375 | €1,978 | +€603 | +43.8% |
| Gross operating margin | 9900 | €60,450 | €52,331 | -€8,118 | -13.4% |
| Operating profit (loss) | 9901 | €26,372 | €1,712 | -€24,661 | -93.5% |
| Financial income | 75/76B | €978 | €548 | -€430 | -44.0% |
| Recurring financial income | 75 | €978 | €548 | -€430 | -44.0% |
| Financial charges | 65/66B | €10,951 | €16,141 | +€5,189 | +47.4% |
| Recurring financial charges | 65 | €10,951 | €16,141 | +€5,189 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €16,399 | -€13,881 | -€30,280 | |
| Income taxes | 67/77 | €4,273 | €440 | -€3,833 | -89.7% |
| Profit (loss) for the period | 9904 | €12,127 | -€14,321 | -€26,448 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,127 | -€14,321 | -€26,448 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.