Dubron Simon: 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.
Dubron Simon
Largest movements
- Receivables within one year -€258,423
down €258,423 (-60.5%), from €426,993 to €168,570
of which Other amounts receivable: -€156,020
- Receivables after one year +€100,000
up €100,000 (+72.7%), from €137,500 to €237,500
of which Other amounts receivable: +€100,000
- Tangible fixed assets -€77,052
down €77,052 (-13.0%), from €592,308 to €515,255
of which Plant, machinery and equipment: -€68,112
- Cash +€59,765
up €59,765 (+9.8%), from €607,682 to €667,446
mainly Receivables within one year (+€258,423) and Net result for the year (+€131,401)
- Stocks and contracts +€40,300
up €40,300 (+213.5%), from €18,875 to €59,175
of which Contracts in progress: +€39,250
- Debts after one year -€77,439
down €77,439 (-22.8%), from €339,924 to €262,486
- Other debts -€50,265
down €50,265 (-30.8%), from €163,445 to €113,179
- Gross operating margin -€238,247
down €238,247 (-42.5%), from €560,615 to €322,369
- Taxes -€79,577
down €79,577 (-56.4%), from €141,165 to €61,588
- Write-downs +€61,192
up €61,192, from -€61,192 to €0
- Other operating charges -€42,872
down €42,872 (-88.1%), from €48,683 to €5,810
- Depreciation +€25,311
up €25,311 (+31.4%), from €80,632 to €105,943
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,789,106 | €1,655,149 | -€133,957 | -7.5% |
| Fixed assets | 21/28 | €592,651 | €515,390 | -€77,261 | -13.0% |
| Intangible fixed assets | 21 | €208 | €0 | -€208 | -100.0% |
| Tangible fixed assets | 22/27 | €592,308 | €515,255 | -€77,052 | -13.0% |
| Land and buildings | 22 | €211,655 | €198,067 | -€13,589 | -6.4% |
| Plant, machinery and equipment | 23 | €284,619 | €216,507 | -€68,112 | -23.9% |
| Furniture and vehicles | 24 | €96,033 | €100,682 | +€4,648 | +4.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,196,455 | €1,139,759 | -€56,696 | -4.7% |
| Amounts receivable after more than one year | 29 | €137,500 | €237,500 | +€100,000 | +72.7% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €137,500 | €237,500 | +€100,000 | +72.7% |
| Stocks and contracts in progress | 3 | €18,875 | €59,175 | +€40,300 | +213.5% |
| Stocks | 30/36 | €3,125 | €4,175 | +€1,050 | +33.6% |
| Contracts in progress | 37 | €15,750 | €55,000 | +€39,250 | +249.2% |
| Amounts receivable within one year | 40/41 | €426,993 | €168,570 | -€258,423 | -60.5% |
| Trade receivables | 40 | €227,410 | €125,007 | -€102,404 | -45.0% |
| Other amounts receivable | 41 | €199,583 | €43,563 | -€156,020 | -78.2% |
| Cash at bank and in hand | 54/58 | €607,682 | €667,446 | +€59,765 | +9.8% |
| Deferred charges and accrued income | 490/1 | €5,405 | €7,068 | +€1,663 | +30.8% |
| Total equity and liabilities | 10/49 | €1,789,106 | €1,655,149 | -€133,957 | -7.5% |
| Equity | 10/15 | €1,008,604 | €1,025,004 | +€16,401 | +1.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €938,604 | €955,004 | +€16,401 | +1.7% |
| Distributable reserves | 133 | €938,604 | €955,004 | +€16,401 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €780,502 | €630,145 | -€150,358 | -19.3% |
| Amounts payable after more than one year | 17 | €339,924 | €262,486 | -€77,439 | -22.8% |
| Financial debts | 170/4 | €339,924 | €262,486 | -€77,439 | -22.8% |
| Amounts payable within one year | 42/48 | €440,578 | €367,659 | -€72,919 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €85,336 | €77,439 | -€7,897 | -9.3% |
| Trade debts | 44 | €173,204 | €161,749 | -€11,455 | -6.6% |
| Suppliers | 440/4 | €173,204 | €161,749 | -€11,455 | -6.6% |
| Taxes, remuneration and social security | 45 | €18,593 | €15,292 | -€3,301 | -17.8% |
| Taxes | 450/3 | €18,593 | €11,588 | -€7,005 | -37.7% |
| Remuneration and social security | 454/9 | - | €3,704 | +€3,704 | |
| Other amounts payable | 47/48 | €163,445 | €113,179 | -€50,265 | -30.8% |
| Non-recurring operating income | 76A | €60,175 | €783 | -€59,392 | -98.7% |
| Remuneration, social security and pensions | 62 | €0 | €10,007 | +€10,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,632 | €105,943 | +€25,311 | +31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€61,192 | €0 | +€61,192 | |
| Other operating charges | 640/8 | €48,683 | €5,810 | -€42,872 | -88.1% |
| Non-recurring operating charges | 66A | €5,559 | €0 | -€5,559 | -100.0% |
| Gross operating margin | 9900 | €560,615 | €322,369 | -€238,247 | -42.5% |
| Operating profit (loss) | 9901 | €486,934 | €200,609 | -€286,325 | -58.8% |
| Financial income | 75/76B | €4,930 | €3,639 | -€1,291 | -26.2% |
| Recurring financial income | 75 | €4,930 | €3,639 | -€1,291 | -26.2% |
| Financial charges | 65/66B | €17,002 | €11,259 | -€5,743 | -33.8% |
| Recurring financial charges | 65 | €17,002 | €11,259 | -€5,743 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €474,862 | €192,988 | -€281,874 | -59.4% |
| Income taxes | 67/77 | €141,165 | €61,588 | -€79,577 | -56.4% |
| Profit (loss) for the period | 9904 | €333,697 | €131,401 | -€202,296 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €333,697 | €131,401 | -€202,296 | -60.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.