DUENDE: 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.
DUENDE
Largest movements
- Cash +€6,574
up €6,574 (+218.4%), from €3,009 to €9,583
mainly Net result for the year (+€9,697) and Stocks and contracts (+€2,000)
- Stocks and contracts -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Tangible fixed assets -€278
down €278 (-39.3%), from €706 to €429
of which Land and buildings: -€278
- Profit (loss) carried forward +€9,697
up €9,697 (+62.6%), from -€15,480 to -€5,783
- Other debts -€6,312
down €6,312 (-37.0%), from €17,056 to €10,744
- Trade debts +€1,229
up €1,229 (+16.5%), from €7,442 to €8,671
- Tax, wage and social debts -€417
down €417 (-13.1%), from €3,175 to €2,758
- Depreciation -€7,176
down €7,176 (-96.3%), from €7,454 to €278
- Other operating charges -€432
down €432 (-44.2%), from €976 to €544
- Financial charges -€129
down €129 (-31.6%), from €408 to €279
- Financial income +€127
up €127, from €0 to €127
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 | €20,253 | €24,450 | +€4,197 | +20.7% |
| Fixed assets | 21/28 | €706 | €429 | -€278 | -39.3% |
| Tangible fixed assets | 22/27 | €706 | €429 | -€278 | -39.3% |
| Land and buildings | 22 | €706 | €429 | -€278 | -39.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €19,547 | €24,021 | +€4,474 | +22.9% |
| Stocks and contracts in progress | 3 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Stocks | 30/36 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €10,162 | €10,143 | -€18 | -0.2% |
| Trade receivables | 40 | €4,664 | €4,935 | +€271 | +5.8% |
| Other amounts receivable | 41 | €5,498 | €5,208 | -€289 | -5.3% |
| Cash at bank and in hand | 54/58 | €3,009 | €9,583 | +€6,574 | +218.4% |
| Deferred charges and accrued income | 490/1 | €1,376 | €1,295 | -€81 | -5.9% |
| Total equity and liabilities | 10/49 | €20,253 | €24,450 | +€4,197 | +20.7% |
| Equity | 10/15 | -€7,420 | €2,277 | +€9,697 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,480 | -€5,783 | +€9,697 | +62.6% |
| Amounts payable | 17/49 | €27,673 | €22,173 | -€5,500 | -19.9% |
| Amounts payable within one year | 42/48 | €27,673 | €22,173 | -€5,500 | -19.9% |
| Trade debts | 44 | €7,442 | €8,671 | +€1,229 | +16.5% |
| Suppliers | 440/4 | €7,442 | €8,671 | +€1,229 | +16.5% |
| Taxes, remuneration and social security | 45 | €3,175 | €2,758 | -€417 | -13.1% |
| Taxes | 450/3 | €3,175 | €2,758 | -€417 | -13.1% |
| Other amounts payable | 47/48 | €17,056 | €10,744 | -€6,312 | -37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,454 | €278 | -€7,176 | -96.3% |
| Other operating charges | 640/8 | €976 | €544 | -€432 | -44.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,711 | €10,812 | +€101 | +0.9% |
| Operating profit (loss) | 9901 | €2,281 | €9,990 | +€7,710 | +338.1% |
| Financial income | 75/76B | €0 | €127 | +€127 | |
| Recurring financial income | 75 | €0 | €127 | +€127 | |
| Financial charges | 65/66B | €408 | €279 | -€129 | -31.6% |
| Recurring financial charges | 65 | €408 | €279 | -€129 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €1,872 | €9,838 | +€7,966 | +425.5% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €1,733 | €9,697 | +€7,964 | +459.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,733 | €9,697 | +€7,964 | +459.6% |
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 9 October 2026 via checked.be.