DUDERM: 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.
DUDERM
Largest movements
- Current investments +€502,833
up €502,833 (+111.6%), from €450,632 to €953,465
- Cash -€356,157
down €356,157 (-89.9%), from €396,135 to €39,978
mainly Current investments (-€502,833) and Other debts (-€7,069)
- Tangible fixed assets -€11,650
down €11,650 (-16.7%), from €69,600 to €57,949
- Reserves +€125,030
up €125,030 (+15.0%), from €832,306 to €957,336
- Tax, wage and social debts +€18,279
up €18,279 (+912.3%), from €2,004 to €20,282
- Financial income +€68,983
up €68,983 (+474.2%), from €14,547 to €83,530
- Taxes +€30,099
up €30,099 (+105.2%), from €28,624 to €58,722
- Gross operating margin +€25,568
up €25,568 (+25.7%), from €99,491 to €125,059
- Depreciation -€11,544
down €11,544 (-60.8%), from €18,981 to €7,438
- Financial charges +€10,482
up €10,482 (+990.5%), from €1,058 to €11,540
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 | €919,160 | €1,051,955 | +€132,795 | +14.4% |
| Fixed assets | 21/28 | €69,600 | €57,949 | -€11,650 | -16.7% |
| Tangible fixed assets | 22/27 | €69,600 | €57,949 | -€11,650 | -16.7% |
| Land and buildings | 22 | €69,600 | €57,949 | -€11,650 | -16.7% |
| Current assets | 29/58 | €849,560 | €994,005 | +€144,445 | +17.0% |
| Amounts receivable within one year | 40/41 | €2,552 | €558 | -€1,994 | -78.1% |
| Trade receivables | 40 | €216 | €558 | +€342 | +158.5% |
| Other amounts receivable | 41 | €2,336 | - | -€2,336 | |
| Current investments | 50/53 | €450,632 | €953,465 | +€502,833 | +111.6% |
| Cash at bank and in hand | 54/58 | €396,135 | €39,978 | -€356,157 | -89.9% |
| Deferred charges and accrued income | 490/1 | €241 | €4 | -€236 | -98.2% |
| Total equity and liabilities | 10/49 | €919,160 | €1,051,955 | +€132,795 | +14.4% |
| Equity | 10/15 | €903,931 | €1,026,460 | +€122,530 | +13.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €832,306 | €957,336 | +€125,030 | +15.0% |
| Distributable reserves | 133 | €832,306 | €957,336 | +€125,030 | +15.0% |
| Profit (loss) carried forward | 14 | €51,625 | €49,125 | -€2,500 | -4.8% |
| Amounts payable | 17/49 | €15,229 | €25,494 | +€10,265 | +67.4% |
| Amounts payable within one year | 42/48 | €15,229 | €25,494 | +€10,265 | +67.4% |
| Trade debts | 44 | €945 | - | -€945 | |
| Suppliers | 440/4 | €945 | - | -€945 | |
| Taxes, remuneration and social security | 45 | €2,004 | €20,282 | +€18,279 | +912.3% |
| Taxes | 450/3 | €2,004 | €20,282 | +€18,279 | +912.3% |
| Other amounts payable | 47/48 | €12,281 | €5,212 | -€7,069 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,981 | €7,438 | -€11,544 | -60.8% |
| Other operating charges | 640/8 | €4,832 | €5,859 | +€1,027 | +21.3% |
| Non-recurring operating charges | 66A | €70 | - | -€70 | |
| Gross operating margin | 9900 | €99,491 | €125,059 | +€25,568 | +25.7% |
| Operating profit (loss) | 9901 | €75,607 | €111,762 | +€36,155 | +47.8% |
| Financial income | 75/76B | €14,547 | €83,530 | +€68,983 | +474.2% |
| Recurring financial income | 75 | €14,547 | €83,530 | +€68,983 | +474.2% |
| Financial charges | 65/66B | €1,058 | €11,540 | +€10,482 | +990.5% |
| Recurring financial charges | 65 | €1,058 | €11,540 | +€10,482 | +990.5% |
| Profit (loss) for the period before taxes | 9903 | €89,096 | €183,752 | +€94,656 | +106.2% |
| Income taxes | 67/77 | €28,624 | €58,722 | +€30,099 | +105.2% |
| Profit (loss) for the period | 9904 | €60,473 | €125,030 | +€64,557 | +106.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,473 | €125,030 | +€64,557 | +106.8% |
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 4 October 2026 via checked.be.