dubore: 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
dubore
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€192,709
2024 · €229,280-€36,571
Equity
€2.7m
2024 · €2.7m+€39,570
Cash
€162
2024 · €9,231-€9,068
Balance sheet total
€2.7m
2024 · €2.8m-€5,236
Largest movements
Assets
- Current investments -€215,845
down €215,845 (-15.2%), from €1.4m to €1.2m
- Receivables within one year +€213,899
up €213,899 (+20.3%), from €1.1m to €1.3m
of which Other amounts receivable: +€212,592
Equity and liabilities
- Reserves +€39,570
up €39,570 (+1.5%), from €2.7m to €2.7m
Income statement
- Gross operating margin -€30,972
down €30,972 (-9.7%), from €320,394 to €289,422
- Financial income +€13,371
up €13,371 (+21.5%), from €62,221 to €75,592
- Taxes -€7,743
down €7,743 (-6.8%), from €114,239 to €106,496
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
€229,280
Gross operating margin
-€30,972
Depreciation
-€1,353
Other operating charges
+€1,989
Other operating items
-€26,404
Financial income
+€13,371
Financial charges
-€944
Taxes
+€7,743
Result 2025
€192,709
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
-€42,304
Investment
+€197,439
Financing
-€164,202
Cash 2024
€9,231
From operations (derived)
-€42,304
Net result for the year
+€192,709
Depreciation
+€23,579
Receivables within one year
-€213,899
Deferred charges and accrued income
-€10,950
Trade debts
-€18,087
Tax, wage and social debts
-€15,655
Investment (derived)
+€197,439
Investment in fixed assets (net)
-€18,407
Current investments
+€215,845
Financing
-€164,202
Current portion of long-term debt
-€11,063
Contributions, distributions and other
-€153,139
Cash 2025
€162
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,754,670 | €2,749,434 | -€5,236 | -0.2% |
| Fixed assets | 21/28 | €212,279 | €207,107 | -€5,172 | -2.4% |
| Tangible fixed assets | 22/27 | €63,754 | €49,872 | -€13,882 | -21.8% |
| Plant, machinery and equipment | 23 | €7,343 | €12,154 | +€4,811 | +65.5% |
| Furniture and vehicles | 24 | €13,738 | €2,091 | -€11,647 | -84.8% |
| Other tangible fixed assets | 26 | €42,672 | €35,626 | -€7,046 | -16.5% |
| Financial fixed assets | 28 | €148,525 | €157,235 | +€8,710 | +5.9% |
| Current assets | 29/58 | €2,542,392 | €2,542,328 | -€64 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,056,115 | €1,270,015 | +€213,899 | +20.3% |
| Trade receivables | 40 | €21,793 | €23,101 | +€1,308 | +6.0% |
| Other amounts receivable | 41 | €1,034,322 | €1,246,914 | +€212,592 | +20.6% |
| Current investments | 50/53 | €1,422,870 | €1,207,025 | -€215,845 | -15.2% |
| Cash at bank and in hand | 54/58 | €9,231 | €162 | -€9,068 | -98.2% |
| Deferred charges and accrued income | 490/1 | €54,175 | €65,126 | +€10,950 | +20.2% |
| Total equity and liabilities | 10/49 | €2,754,670 | €2,749,434 | -€5,236 | -0.2% |
| Equity | 10/15 | €2,676,859 | €2,716,429 | +€39,570 | +1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,664,459 | €2,704,029 | +€39,570 | +1.5% |
| Distributable reserves | 133 | €2,664,459 | €2,704,029 | +€39,570 | +1.5% |
| Amounts payable | 17/49 | €77,811 | €33,006 | -€44,805 | -57.6% |
| Amounts payable within one year | 42/48 | €77,811 | €33,006 | -€44,805 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €11,063 | - | -€11,063 | |
| Trade debts | 44 | €25,152 | €7,065 | -€18,087 | -71.9% |
| Suppliers | 440/4 | €25,152 | €7,065 | -€18,087 | -71.9% |
| Taxes, remuneration and social security | 45 | €41,596 | €25,940 | -€15,655 | -37.6% |
| Taxes | 450/3 | €41,596 | €25,940 | -€15,655 | -37.6% |
| Non-recurring operating income | 76A | €38,123 | €35,757 | -€2,366 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,225 | €23,579 | +€1,353 | +6.1% |
| Other operating charges | 640/8 | €5,903 | €3,914 | -€1,989 | -33.7% |
| Non-recurring operating charges | 66A | €5,638 | €32,042 | +€26,404 | +468.3% |
| Gross operating margin | 9900 | €320,394 | €289,422 | -€30,972 | -9.7% |
| Operating profit (loss) | 9901 | €286,629 | €229,887 | -€56,741 | -19.8% |
| Financial income | 75/76B | €62,221 | €75,592 | +€13,371 | +21.5% |
| Recurring financial income | 75 | €62,221 | €75,592 | +€13,371 | +21.5% |
| Financial charges | 65/66B | €5,331 | €6,274 | +€944 | +17.7% |
| Recurring financial charges | 65 | €5,331 | €6,274 | +€944 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €343,519 | €299,205 | -€44,314 | -12.9% |
| Income taxes | 67/77 | €114,239 | €106,496 | -€7,743 | -6.8% |
| Profit (loss) for the period | 9904 | €229,280 | €192,709 | -€36,571 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €229,280 | €192,709 | -€36,571 | -16.0% |
Source: filed annual accounts (NBB), fiscal years ended 29 December 2024 and 29 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.