DUBONDIS: 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.
What changed
DUBONDIS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€372,753
2024 · €405,024-€32,271
Equity
€2.9m
2024 · €2.8m+€103,953
Cash
€382,073
2024 · €698,386-€316,313
Balance sheet total
€4.6m
2024 · €4.6m-€8,920
Largest movements
Assets
- Receivables within one year +€451,193
up €451,193 (+105.6%), from €427,087 to €878,280
of which Other amounts receivable: +€465,214
- Cash -€316,313
down €316,313 (-45.3%), from €698,386 to €382,073
mainly Receivables within one year (-€451,193) and Contributions, distributions and other (-€268,800)
- Tangible fixed assets -€195,097
down €195,097 (-9.5%), from €2.1m to €1.9m
of which Land and buildings: -€226,454
- Stocks and contracts +€50,197
up €50,197 (+9.9%), from €504,761 to €554,958
Equity and liabilities
- Profit (loss) carried forward +€110,763
up €110,763 (+9.2%), from €1.2m to €1.3m
- Other debts -€67,200
down €67,200 (-19.9%), from €338,170 to €270,970
- Debts after one year -€60,343
down €60,343 (-9.0%), from €668,650 to €608,307
Income statement
- Gross operating margin -€21,246
down €21,246 (-3.0%), from €707,704 to €686,458
- Staff costs +€16,904
up €16,904 (+3.8%), from €442,405 to €459,308
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
€405,024
Gross operating margin
-€21,246
Staff costs
-€16,904
Depreciation
+€3,710
Other operating charges
-€6,925
Financial income
+€3,213
Financial charges
+€5,903
Taxes
-€22
Result 2025
€372,753
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.
From operations
+€41,297
Investment
-€17,469
Financing
-€340,140
Cash 2024
€698,386
From operations (derived)
+€41,297
Net result for the year
+€372,753
Depreciation
+€212,306
Stocks and contracts
-€50,197
Receivables within one year
-€451,193
Smaller working-capital items
-€339
Provisions
-€3,506
Trade debts
+€22,548
Tax, wage and social debts
+€6,123
Other debts
-€67,200
Investment (derived)
-€17,469
Investment in fixed assets (net)
-€17,469
Financing
-€340,140
Debts after one year
-€60,343
Current portion of long-term debt
-€10,997
Contributions, distributions and other
-€268,800
Cash 2025
€382,073
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,636,839 | €4,627,918 | -€8,920 | -0.2% |
| Fixed assets | 21/28 | €2,983,597 | €2,788,760 | -€194,837 | -6.5% |
| Tangible fixed assets | 22/27 | €2,060,436 | €1,865,339 | -€195,097 | -9.5% |
| Land and buildings | 22 | €1,840,365 | €1,613,911 | -€226,454 | -12.3% |
| Plant, machinery and equipment | 23 | €9,461 | €24,858 | +€15,397 | +162.7% |
| Other tangible fixed assets | 26 | €210,610 | €226,570 | +€15,960 | +7.6% |
| Financial fixed assets | 28 | €923,161 | €923,421 | +€260 | 0.0% |
| Current assets | 29/58 | €1,653,242 | €1,839,159 | +€185,916 | +11.2% |
| Stocks and contracts in progress | 3 | €504,761 | €554,958 | +€50,197 | +9.9% |
| Stocks | 30/36 | €504,761 | €554,958 | +€50,197 | +9.9% |
| Amounts receivable within one year | 40/41 | €427,087 | €878,280 | +€451,193 | +105.6% |
| Trade receivables | 40 | €54,558 | €40,537 | -€14,021 | -25.7% |
| Other amounts receivable | 41 | €372,529 | €837,743 | +€465,214 | +124.9% |
| Cash at bank and in hand | 54/58 | €698,386 | €382,073 | -€316,313 | -45.3% |
| Deferred charges and accrued income | 490/1 | €23,008 | €23,847 | +€839 | +3.6% |
| Total equity and liabilities | 10/49 | €4,636,839 | €4,627,918 | -€8,920 | -0.2% |
| Equity | 10/15 | €2,814,680 | €2,918,634 | +€103,953 | +3.7% |
| Contributions | 10/11 | €197,000 | €197,000 | = | 0.0% |
| Capital | 10 | €67,200 | €67,200 | = | 0.0% |
| Issued capital | 100 | €67,200 | €67,200 | = | 0.0% |
| Outside capital | 11 | €129,800 | €129,800 | = | 0.0% |
| Share premium | 1100/10 | €129,800 | €129,800 | = | 0.0% |
| Reserves | 13 | €1,417,949 | €1,411,139 | -€6,810 | -0.5% |
| Non-distributable reserves | 130/1 | €6,720 | €6,720 | = | 0.0% |
| Legal reserve | 130 | €6,720 | €6,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €161,229 | €154,419 | -€6,810 | -4.2% |
| Distributable reserves | 133 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,199,731 | €1,310,495 | +€110,763 | +9.2% |
| Provisions and deferred taxes | 16 | €28,053 | €24,547 | -€3,506 | -12.5% |
| Deferred taxes | 168 | €28,053 | €24,547 | -€3,506 | -12.5% |
| Amounts payable | 17/49 | €1,794,105 | €1,684,738 | -€109,367 | -6.1% |
| Amounts payable after more than one year | 17 | €668,650 | €608,307 | -€60,343 | -9.0% |
| Financial debts | 170/4 | €668,650 | €608,307 | -€60,343 | -9.0% |
| Amounts payable within one year | 42/48 | €1,097,856 | €1,048,331 | -€49,525 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €92,409 | €81,412 | -€10,997 | -11.9% |
| Trade debts | 44 | €615,098 | €637,647 | +€22,548 | +3.7% |
| Suppliers | 440/4 | €615,098 | €637,647 | +€22,548 | +3.7% |
| Taxes, remuneration and social security | 45 | €52,179 | €58,302 | +€6,123 | +11.7% |
| Taxes | 450/3 | €530 | €2,774 | +€2,244 | +423.1% |
| Remuneration and social security | 454/9 | €51,648 | €55,527 | +€3,879 | +7.5% |
| Other amounts payable | 47/48 | €338,170 | €270,970 | -€67,200 | -19.9% |
| Accrued charges and deferred income | 492/3 | €27,599 | €28,100 | +€501 | +1.8% |
| Remuneration, social security and pensions | 62 | €442,405 | €459,308 | +€16,904 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,017 | €212,306 | -€3,710 | -1.7% |
| Other operating charges | 640/8 | €59,463 | €66,388 | +€6,925 | +11.6% |
| Gross operating margin | 9900 | €707,704 | €686,458 | -€21,246 | -3.0% |
| Operating profit (loss) | 9901 | -€10,181 | -€51,545 | -€41,364 | -406.3% |
| Financial income | 75/76B | €444,440 | €447,654 | +€3,213 | +0.7% |
| Recurring financial income | 75 | €444,440 | €447,654 | +€3,213 | +0.7% |
| Financial charges | 65/66B | €32,579 | €26,676 | -€5,903 | -18.1% |
| Recurring financial charges | 65 | €32,579 | €26,676 | -€5,903 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €401,681 | €369,433 | -€32,248 | -8.0% |
| Transfer from deferred taxes | 780 | €3,507 | €3,506 | -€1 | 0.0% |
| Income taxes | 67/77 | €164 | €186 | +€22 | +13.4% |
| Profit (loss) for the period | 9904 | €405,024 | €372,753 | -€32,271 | -8.0% |
| Transfer from tax-exempt reserves | 789 | €6,810 | €6,810 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €411,834 | €379,563 | -€32,271 | -7.8% |
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 5 October 2026 via checked.be.