DUGO: 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.
DUGO
Largest movements
- Tangible fixed assets +€114,977
up €114,977 (+1087.4%), from €10,573 to €125,551
- Receivables within one year +€83,714
up €83,714 (+84.8%), from €98,745 to €182,458
of which Other amounts receivable: +€62,955
- Stocks and contracts -€6,899
down €6,899 (-7.0%), from €99,090 to €92,191
- Reserves +€100,318
up €100,318 (+155.9%), from €64,346 to €164,664
- Debts after one year +€54,949
new in 2025: €54,949
- Current portion of long-term debt +€44,271
new in 2025: €44,271
- Tax, wage and social debts +€14,465
up €14,465 (+197.0%), from €7,343 to €21,809
of which Taxes: +€14,465
- Trade debts -€9,585
down €9,585 (-7.6%), from €126,120 to €116,535
- Gross operating margin +€156,278
up €156,278 (+119.7%), from €130,602 to €286,880
- Taxes +€44,946
up €44,946 (+429.5%), from €10,465 to €55,411
- Depreciation +€16,527
up €16,527 (+528.1%), from €3,129 to €19,657
- Staff costs +€8,864
up €8,864 (+8.9%), from €99,105 to €107,969
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 | €224,863 | €419,728 | +€194,865 | +86.7% |
| Fixed assets | 21/28 | €10,613 | €125,591 | +€114,977 | +1083.3% |
| Tangible fixed assets | 22/27 | €10,573 | €125,551 | +€114,977 | +1087.4% |
| Furniture and vehicles | 24 | €10,573 | €125,551 | +€114,977 | +1087.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €214,250 | €294,137 | +€79,887 | +37.3% |
| Stocks and contracts in progress | 3 | €99,090 | €92,191 | -€6,899 | -7.0% |
| Stocks | 30/36 | €99,090 | €92,191 | -€6,899 | -7.0% |
| Amounts receivable within one year | 40/41 | €98,745 | €182,458 | +€83,714 | +84.8% |
| Trade receivables | 40 | €87,799 | €108,558 | +€20,759 | +23.6% |
| Other amounts receivable | 41 | €10,946 | €73,901 | +€62,955 | +575.1% |
| Cash at bank and in hand | 54/58 | €11,142 | €14,346 | +€3,204 | +28.8% |
| Deferred charges and accrued income | 490/1 | €5,273 | €5,141 | -€132 | -2.5% |
| Total equity and liabilities | 10/49 | €224,863 | €419,728 | +€194,865 | +86.7% |
| Equity | 10/15 | €81,846 | €182,164 | +€100,318 | +122.6% |
| Contributions | 10/11 | €17,500 | €17,500 | = | 0.0% |
| Reserves | 13 | €64,346 | €164,664 | +€100,318 | +155.9% |
| Distributable reserves | 133 | €64,346 | €164,664 | +€100,318 | +155.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €143,018 | €237,564 | +€94,546 | +66.1% |
| Amounts payable after more than one year | 17 | - | €54,949 | +€54,949 | |
| Financial debts | 170/4 | - | €54,949 | +€54,949 | |
| Amounts payable within one year | 42/48 | €143,018 | €182,615 | +€39,597 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | - | €44,271 | +€44,271 | |
| Trade debts | 44 | €126,120 | €116,535 | -€9,585 | -7.6% |
| Suppliers | 440/4 | €126,120 | €116,535 | -€9,585 | -7.6% |
| Taxes, remuneration and social security | 45 | €7,343 | €21,809 | +€14,465 | +197.0% |
| Taxes | 450/3 | €7,343 | €21,809 | +€14,465 | +197.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,554 | €0 | -€9,554 | -100.0% |
| Non-recurring operating income | 76A | - | €10,234 | +€10,234 | |
| Remuneration, social security and pensions | 62 | €99,105 | €107,969 | +€8,864 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,129 | €19,657 | +€16,527 | +528.1% |
| Other operating charges | 640/8 | €2,293 | €1,174 | -€1,120 | -48.8% |
| Gross operating margin | 9900 | €130,602 | €286,880 | +€156,278 | +119.7% |
| Operating profit (loss) | 9901 | €26,074 | €158,081 | +€132,006 | +506.3% |
| Financial income | 75/76B | €0 | €635 | +€635 | +6348100.0% |
| Recurring financial income | 75 | €0 | €635 | +€635 | +6348100.0% |
| Financial charges | 65/66B | €2,279 | €2,986 | +€708 | +31.1% |
| Recurring financial charges | 65 | €2,279 | €2,986 | +€708 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €23,796 | €155,729 | +€131,934 | +554.4% |
| Income taxes | 67/77 | €10,465 | €55,411 | +€44,946 | +429.5% |
| Profit (loss) for the period | 9904 | €13,331 | €100,318 | +€86,988 | +652.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,331 | €100,318 | +€86,988 | +652.5% |
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 2 October 2026 via checked.be.