DUBUIS - HOLDING: 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.
DUBUIS - HOLDING
Largest movements
- Current investments +€3.4m
new in 2025: €3.4m
- Cash -€1.4m
down €1.4m (-92.7%), from €1.5m to €110,075
mainly Current investments (-€3.4m) and Receivables after one year (-€900,000)
- Receivables after one year +€900,000
new in 2025: €900,000
- Financial fixed assets -€105,000
down €105,000 (-2.7%), from €3.9m to €3.8m
- Other debts +€2.8m
up €2.8m (+154%), from €1.8m to €4.6m
- Provisions +€126,000
new in 2025: €126,000
- Tax, wage and social debts -€105,193
down €105,193 (-44.3%), from €237,347 to €132,155
of which Taxes: -€93,354
- Financial charges +€452,256
up €452,256 (+155%), from €292,384 to €744,640
of which Financial charges: +€347,256
- Gross operating margin +€329,791
up €329,791 (+42.7%), from €772,503 to €1.1m
- Provisions +€126,000
new in 2025: €126,000
- Staff costs -€58,138
down €58,138 (-19.3%), from €301,268 to €243,131
- Financial income -€47,895
down €47,895 (-61.0%), from €78,579 to €30,684
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 | €7,122,905 | €9,869,446 | +€2.7m | +38.6% |
| Fixed assets | 21/28 | €3,910,715 | €3,777,015 | -€133,700 | -3.4% |
| Tangible fixed assets | 22/27 | €44,394 | €15,694 | -€28,700 | -64.6% |
| Furniture and vehicles | 24 | €44,394 | €15,694 | -€28,700 | -64.6% |
| Financial fixed assets | 28 | €3,866,321 | €3,761,321 | -€105,000 | -2.7% |
| Current assets | 29/58 | €3,212,190 | €6,092,431 | +€2.9m | +89.7% |
| Amounts receivable after more than one year | 29 | - | €900,000 | +€900,000 | |
| Trade receivables | 290 | - | €900,000 | +€900,000 | |
| Amounts receivable within one year | 40/41 | €1,683,024 | €1,643,356 | -€39,668 | -2.4% |
| Trade receivables | 40 | €43,379 | €48,179 | +€4,800 | +11.1% |
| Other amounts receivable | 41 | €1,639,645 | €1,595,177 | -€44,468 | -2.7% |
| Current investments | 50/53 | - | €3,426,000 | +€3.4m | |
| Cash at bank and in hand | 54/58 | €1,516,165 | €110,075 | -€1.4m | -92.7% |
| Deferred charges and accrued income | 490/1 | €13,000 | €13,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,122,905 | €9,869,446 | +€2.7m | +38.6% |
| Equity | 10/15 | €5,047,228 | €5,009,244 | -€37,984 | -0.8% |
| Contributions | 10/11 | €63,455 | €63,455 | = | 0.0% |
| Capital | 10 | €63,455 | €63,455 | = | 0.0% |
| Issued capital | 100 | €63,455 | €63,455 | = | 0.0% |
| Reserves | 13 | €4,983,773 | €4,945,789 | -€37,984 | -0.8% |
| Non-distributable reserves | 130/1 | €6,346 | €6,346 | = | 0.0% |
| Legal reserve | 130 | €6,346 | €6,346 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €210,500 | -€210,500 | -50.0% |
| Distributable reserves | 133 | €4,556,427 | €4,728,943 | +€172,516 | +3.8% |
| Provisions and deferred taxes | 16 | - | €126,000 | +€126,000 | |
| Provisions for liabilities and charges | 160/5 | - | €126,000 | +€126,000 | |
| Other liabilities and charges | 164/5 | - | €126,000 | +€126,000 | |
| Amounts payable | 17/49 | €2,075,677 | €4,734,202 | +€2.7m | +128% |
| Amounts payable within one year | 42/48 | €2,075,677 | €4,734,202 | +€2.7m | +128% |
| Trade debts | 44 | €27,806 | €4,659 | -€23,146 | -83.2% |
| Suppliers | 440/4 | €27,806 | €4,659 | -€23,146 | -83.2% |
| Taxes, remuneration and social security | 45 | €237,347 | €132,155 | -€105,193 | -44.3% |
| Taxes | 450/3 | €182,395 | €89,041 | -€93,354 | -51.2% |
| Remuneration and social security | 454/9 | €54,953 | €43,113 | -€11,839 | -21.5% |
| Other amounts payable | 47/48 | €1,810,524 | €4,597,388 | +€2.8m | +154% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €301,268 | €243,131 | -€58,138 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,431 | €28,700 | -€2,731 | -8.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €126,000 | +€126,000 | |
| Other operating charges | 640/8 | €2,573 | €2,658 | +€85 | +3.3% |
| Gross operating margin | 9900 | €772,503 | €1,102,294 | +€329,791 | +42.7% |
| Operating profit (loss) | 9901 | €437,230 | €701,805 | +€264,575 | +60.5% |
| Financial income | 75/76B | €78,579 | €30,684 | -€47,895 | -61.0% |
| Recurring financial income | 75 | €78,579 | €30,684 | -€47,895 | -61.0% |
| Financial charges | 65/66B | €292,384 | €744,640 | +€452,256 | +155% |
| Recurring financial charges | 65 | €292,384 | €639,640 | +€347,256 | +119% |
| Non-recurring financial charges | 66B | - | €105,000 | +€105,000 | |
| Profit (loss) for the period before taxes | 9903 | €223,425 | -€12,151 | -€235,576 | |
| Income taxes | 67/77 | €56,930 | €25,833 | -€31,097 | -54.6% |
| Profit (loss) for the period | 9904 | €166,495 | -€37,984 | -€204,479 | |
| Transfer from tax-exempt reserves | 789 | - | €210,500 | +€210,500 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €82,295 | €172,516 | +€90,221 | +110% |
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 29 October 2026 via checked.be.