DUGEOS: 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.
DUGEOS
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+601.2%), from €170,765 to €1.2m
of which Land and buildings: +€1.0m
- Receivables within one year +€128,739
up €128,739 (+1064.0%), from €12,100 to €140,839
of which Trade receivables: +€128,457
- Stocks and contracts -€39,561
down €39,561 (-12.9%), from €306,114 to €266,553
- Current portion of long-term debt +€929,734
new in 2025: €929,734
- Reserves +€226,098
up €226,098 (+96.4%), from €234,567 to €460,665
- Debts after one year -€79,858
down €79,858 (-29.2%), from €273,617 to €193,760
of which Other amounts payable: -€144,063
- Short-term financial debts +€34,022
up €34,022, from €0 to €34,022
- Gross operating margin +€248,870
up €248,870 (+103.4%), from €240,724 to €489,595
- Depreciation +€136,614
up €136,614 (+2321.7%), from €5,884 to €142,499
- Taxes +€28,895
up €28,895 (+69.2%), from €41,739 to €70,634
- Staff costs +€12,531
up €12,531 (+59.2%), from €21,163 to €33,693
- Financial charges -€7,499
down €7,499 (-53.0%), from €14,147 to €6,648
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 | €543,707 | €1,657,572 | +€1.1m | +204.9% |
| Fixed assets | 21/28 | €170,765 | €1,197,445 | +€1.0m | +601.2% |
| Tangible fixed assets | 22/27 | €170,765 | €1,197,445 | +€1.0m | +601.2% |
| Land and buildings | 22 | €162,235 | €1,189,667 | +€1.0m | +633.3% |
| Plant, machinery and equipment | 23 | €934 | €1,331 | +€398 | +42.6% |
| Furniture and vehicles | 24 | €2,309 | €1,721 | -€588 | -25.5% |
| Other tangible fixed assets | 26 | €5,288 | €4,726 | -€562 | -10.6% |
| Current assets | 29/58 | €372,942 | €460,127 | +€87,185 | +23.4% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Stocks and contracts in progress | 3 | €306,114 | €266,553 | -€39,561 | -12.9% |
| Stocks | 30/36 | €306,114 | €266,553 | -€39,561 | -12.9% |
| Amounts receivable within one year | 40/41 | €12,100 | €140,839 | +€128,739 | +1064.0% |
| Trade receivables | 40 | €12,100 | €140,557 | +€128,457 | +1061.6% |
| Other amounts receivable | 41 | €0 | €282 | +€282 | |
| Cash at bank and in hand | 54/58 | €33,896 | €29,659 | -€4,237 | -12.5% |
| Deferred charges and accrued income | 490/1 | €20,831 | €13,076 | -€7,756 | -37.2% |
| Total equity and liabilities | 10/49 | €543,707 | €1,657,572 | +€1.1m | +204.9% |
| Equity | 10/15 | €239,567 | €465,665 | +€226,098 | +94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €234,567 | €460,665 | +€226,098 | +96.4% |
| Distributable reserves | 133 | €234,567 | €460,665 | +€226,098 | +96.4% |
| Amounts payable | 17/49 | €304,140 | €1,191,907 | +€887,767 | +291.9% |
| Amounts payable after more than one year | 17 | €273,617 | €193,760 | -€79,858 | -29.2% |
| Financial debts | 170/4 | €97,758 | €161,964 | +€64,206 | +65.7% |
| Other amounts payable | 178/9 | €175,859 | €31,795 | -€144,063 | -81.9% |
| Amounts payable within one year | 42/48 | €30,523 | €997,751 | +€967,228 | +3168.9% |
| Current portion of amounts payable after more than one year | 42 | - | €929,734 | +€929,734 | |
| Financial debts | 43 | €0 | €34,022 | +€34,022 | |
| Credit institutions | 430/8 | €0 | €34,022 | +€34,022 | |
| Trade debts | 44 | €1,687 | €1,116 | -€571 | -33.9% |
| Suppliers | 440/4 | €1,687 | €1,116 | -€571 | -33.9% |
| Taxes, remuneration and social security | 45 | €26,378 | €29,011 | +€2,632 | +10.0% |
| Taxes | 450/3 | €23,176 | €23,857 | +€680 | +2.9% |
| Remuneration and social security | 454/9 | €3,202 | €5,154 | +€1,952 | +61.0% |
| Other amounts payable | 47/48 | €2,457 | €3,868 | +€1,411 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €396 | +€396 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €21,163 | €33,693 | +€12,531 | +59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,884 | €142,499 | +€136,614 | +2321.7% |
| Other operating charges | 640/8 | €13,985 | €10,026 | -€3,959 | -28.3% |
| Gross operating margin | 9900 | €240,724 | €489,595 | +€248,870 | +103.4% |
| Operating profit (loss) | 9901 | €199,693 | €303,377 | +€103,684 | +51.9% |
| Financial income | 75/76B | €110 | €3 | -€107 | -97.3% |
| Recurring financial income | 75 | €110 | €3 | -€107 | -97.3% |
| Financial charges | 65/66B | €14,147 | €6,648 | -€7,499 | -53.0% |
| Recurring financial charges | 65 | €14,147 | €6,648 | -€7,499 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €185,656 | €296,732 | +€111,076 | +59.8% |
| Income taxes | 67/77 | €41,739 | €70,634 | +€28,895 | +69.2% |
| Profit (loss) for the period | 9904 | €143,917 | €226,098 | +€82,181 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,917 | €226,098 | +€82,181 | +57.1% |
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 12 October 2026 via checked.be.