DUENDE ART PROJECTS: what changed
DUENDE ART PROJECTS
Largest movements
- Stocks and contracts +€26,519
up €26,519 (+47.6%), from €55,728 to €82,247
- Cash +€16,116
up €16,116 (+198%), from €8,126 to €24,241
mainly Net result for the year (+€56,424) and Receivables within one year (+€15,865)
- Receivables within one year -€15,865
down €15,865 (-33.8%), from €47,003 to €31,137
of which Trade receivables: -€16,289
- Deferred charges and accrued income +€2,851
up €2,851 (+153%), from €1,864 to €4,715
- Reserves +€40,844
up €40,844 (+65.7%), from €62,186 to €103,030
- Trade debts -€28,868
down €28,868 (-81.6%), from €35,396 to €6,528
- Tax, wage and social debts +€15,706
new in 2025: €15,706
- Gross operating margin +€67,752
up €67,752 (+940%), from €7,210 to €74,962
- Staff costs -€26,392
down €26,392 (-99.4%), from €26,562 to €170
- Taxes +€15,523
new in 2025: €15,523
- Financial income -€782
down €782 (-68.9%), from €1,135 to €353
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,030 | €145,991 | +€28,962 | +24.7% |
| Fixed assets | 21/28 | €4,309 | €3,651 | -€658 | -15.3% |
| Tangible fixed assets | 22/27 | €4,309 | €3,651 | -€658 | -15.3% |
| Furniture and vehicles | 24 | €4,309 | €3,651 | -€658 | -15.3% |
| Current assets | 29/58 | €112,721 | €142,340 | +€29,620 | +26.3% |
| Stocks and contracts in progress | 3 | €55,728 | €82,247 | +€26,519 | +47.6% |
| Stocks | 30/36 | €55,728 | €82,247 | +€26,519 | +47.6% |
| Amounts receivable within one year | 40/41 | €47,003 | €31,137 | -€15,865 | -33.8% |
| Trade receivables | 40 | €45,557 | €29,268 | -€16,289 | -35.8% |
| Other amounts receivable | 41 | €1,446 | €1,870 | +€424 | +29.3% |
| Cash at bank and in hand | 54/58 | €8,126 | €24,241 | +€16,116 | +198% |
| Deferred charges and accrued income | 490/1 | €1,864 | €4,715 | +€2,851 | +153% |
| Total equity and liabilities | 10/49 | €117,030 | €145,991 | +€28,962 | +24.7% |
| Equity | 10/15 | €81,633 | €123,757 | +€42,124 | +51.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,186 | €103,030 | +€40,844 | +65.7% |
| Distributable reserves | 133 | €62,186 | €103,030 | +€40,844 | +65.7% |
| Profit (loss) carried forward | 14 | €847 | €2,127 | +€1,280 | +151% |
| Amounts payable | 17/49 | €35,396 | €22,234 | -€13,162 | -37.2% |
| Amounts payable within one year | 42/48 | €35,396 | €22,234 | -€13,162 | -37.2% |
| Trade debts | 44 | €35,396 | €6,528 | -€28,868 | -81.6% |
| Suppliers | 440/4 | €35,396 | €6,528 | -€28,868 | -81.6% |
| Taxes, remuneration and social security | 45 | - | €15,706 | +€15,706 | |
| Taxes | 450/3 | - | €15,706 | +€15,706 | |
| Remuneration, social security and pensions | 62 | €26,562 | €170 | -€26,392 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,784 | €2,078 | +€294 | +16.5% |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | €7,210 | €74,962 | +€67,752 | +940% |
| Operating profit (loss) | 9901 | -€21,318 | €72,528 | +€93,846 | |
| Financial income | 75/76B | €1,135 | €353 | -€782 | -68.9% |
| Recurring financial income | 75 | €1,135 | €353 | -€782 | -68.9% |
| Financial charges | 65/66B | €1,200 | €934 | -€266 | -22.1% |
| Recurring financial charges | 65 | €1,200 | €934 | -€266 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,382 | €71,947 | +€93,329 | |
| Income taxes | 67/77 | - | €15,523 | +€15,523 | |
| Profit (loss) for the period | 9904 | -€21,382 | €56,424 | +€77,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,382 | €56,424 | +€77,806 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.