DUBOTECH: 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.
DUBOTECH
Largest movements
- Tangible fixed assets +€514,981
up €514,981 (+170%), from €303,689 to €818,669
of which Land and buildings: +€537,667
- Cash -€47,804
down €47,804 (-21.2%), from €225,671 to €177,867
mainly Investment in fixed assets (net) (-€577,395) and Contributions, distributions and other (-€79,971)
- Receivables within one year -€29,849
down €29,849 (-5.6%), from €536,254 to €506,405
of which Other amounts receivable: -€31,634
- Debts after one year +€344,597
up €344,597 (+303%), from €113,671 to €458,268
- Tax, wage and social debts -€65,889
down €65,889 (-63.9%), from €103,045 to €37,155
- Other debts +€51,442
up €51,442 (+108%), from €47,605 to €99,047
- Reserves +€49,054
up €49,054 (+3.4%), from €1.5m to €1.5m
of which Distributable reserves: +€49,054
- Current portion of long-term debt +€32,959
up €32,959 (+48.4%), from €68,039 to €100,998
- Gross operating margin -€68,398
down €68,398 (-21.2%), from €322,042 to €253,643
- Taxes -€34,453
down €34,453 (-38.2%), from €90,102 to €55,650
- Depreciation +€33,683
up €33,683 (+117%), from €28,732 to €62,415
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 | €1,814,303 | €2,251,685 | +€437,382 | +24.1% |
| Fixed assets | 21/28 | €1,051,189 | €1,566,169 | +€514,981 | +49.0% |
| Tangible fixed assets | 22/27 | €303,689 | €818,669 | +€514,981 | +170% |
| Land and buildings | 22 | €237,894 | €775,561 | +€537,667 | +226% |
| Furniture and vehicles | 24 | €50,249 | €30,204 | -€20,045 | -39.9% |
| Other tangible fixed assets | 26 | €15,545 | €12,904 | -€2,642 | -17.0% |
| Financial fixed assets | 28 | €747,500 | €747,500 | = | 0.0% |
| Current assets | 29/58 | €763,115 | €685,516 | -€77,599 | -10.2% |
| Amounts receivable within one year | 40/41 | €536,254 | €506,405 | -€29,849 | -5.6% |
| Trade receivables | 40 | €36,300 | €38,085 | +€1,785 | +4.9% |
| Other amounts receivable | 41 | €499,954 | €468,320 | -€31,634 | -6.3% |
| Cash at bank and in hand | 54/58 | €225,671 | €177,867 | -€47,804 | -21.2% |
| Deferred charges and accrued income | 490/1 | €1,189 | €1,244 | +€54 | +4.6% |
| Total equity and liabilities | 10/49 | €1,814,303 | €2,251,685 | +€437,382 | +24.1% |
| Equity | 10/15 | €1,479,565 | €1,528,619 | +€49,054 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,460,965 | €1,510,019 | +€49,054 | +3.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,442,215 | €1,491,269 | +€49,054 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €334,739 | €723,066 | +€388,327 | +116% |
| Amounts payable after more than one year | 17 | €113,671 | €458,268 | +€344,597 | +303% |
| Financial debts | 170/4 | €113,671 | €458,268 | +€344,597 | +303% |
| Amounts payable within one year | 42/48 | €220,976 | €264,606 | +€43,630 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €68,039 | €100,998 | +€32,959 | +48.4% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €2,288 | €2,405 | +€118 | +5.1% |
| Suppliers | 440/4 | €2,288 | €2,405 | +€118 | +5.1% |
| Taxes, remuneration and social security | 45 | €103,045 | €37,155 | -€65,889 | -63.9% |
| Taxes | 450/3 | €103,045 | €37,155 | -€65,889 | -63.9% |
| Other amounts payable | 47/48 | €47,605 | €99,047 | +€51,442 | +108% |
| Accrued charges and deferred income | 492/3 | €92 | €192 | +€100 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,732 | €62,415 | +€33,683 | +117% |
| Other operating charges | 640/8 | €5,814 | €7,556 | +€1,742 | +30.0% |
| Gross operating margin | 9900 | €322,042 | €253,643 | -€68,398 | -21.2% |
| Operating profit (loss) | 9901 | €287,496 | €183,673 | -€103,823 | -36.1% |
| Financial income | 75/76B | €14,990 | €12,513 | -€2,476 | -16.5% |
| Recurring financial income | 75 | €14,990 | €12,513 | -€2,476 | -16.5% |
| Financial charges | 65/66B | €10,920 | €11,511 | +€591 | +5.4% |
| Recurring financial charges | 65 | €10,920 | €11,511 | +€591 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €291,566 | €184,675 | -€106,891 | -36.7% |
| Income taxes | 67/77 | €90,102 | €55,650 | -€34,453 | -38.2% |
| Profit (loss) for the period | 9904 | €201,463 | €129,025 | -€72,438 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,463 | €129,025 | -€72,438 | -36.0% |
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 14 October 2026 via checked.be.