Duhaso: 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.
Duhaso
Largest movements
- Tangible fixed assets +€34,616
up €34,616 (+6.7%), from €515,562 to €550,178
of which Furniture and vehicles: +€43,758
- Stocks and contracts +€12,697
up €12,697 (+10.1%), from €125,723 to €138,420
of which Stocks: +€10,139
- Reserves +€95,265
up €95,265 (+17.9%), from €533,594 to €628,859
of which Distributable reserves: +€95,265
- Debts after one year -€34,302
down €34,302 (-13.7%), from €249,724 to €215,422
- Accrued charges and deferred income -€16,295
down €16,295 (-79.7%), from €20,458 to €4,162
- Gross operating margin +€13,459
up €13,459 (+5.2%), from €258,928 to €272,387
- Depreciation -€5,620
down €5,620 (-10.2%), from €54,841 to €49,221
- Staff costs -€3,969
down €3,969 (-6.1%), from €65,054 to €61,085
- Taxes +€3,853
up €3,853 (+8.7%), from €44,493 to €48,346
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 | €1,051,651 | €1,112,552 | +€60,900 | +5.8% |
| Fixed assets | 21/28 | €518,112 | €558,528 | +€40,416 | +7.8% |
| Tangible fixed assets | 22/27 | €515,562 | €550,178 | +€34,616 | +6.7% |
| Land and buildings | 22 | €465,188 | €462,308 | -€2,880 | -0.6% |
| Plant, machinery and equipment | 23 | €23,532 | €17,269 | -€6,263 | -26.6% |
| Furniture and vehicles | 24 | €26,842 | €70,600 | +€43,758 | +163.0% |
| Financial fixed assets | 28 | €2,550 | €8,350 | +€5,800 | +227.5% |
| Current assets | 29/58 | €533,539 | €554,024 | +€20,485 | +3.8% |
| Stocks and contracts in progress | 3 | €125,723 | €138,420 | +€12,697 | +10.1% |
| Stocks | 30/36 | €27,744 | €37,883 | +€10,139 | +36.5% |
| Contracts in progress | 37 | €97,979 | €100,537 | +€2,558 | +2.6% |
| Amounts receivable within one year | 40/41 | €142,858 | €149,918 | +€7,060 | +4.9% |
| Trade receivables | 40 | €142,858 | €149,918 | +€7,060 | +4.9% |
| Cash at bank and in hand | 54/58 | €257,074 | €253,567 | -€3,507 | -1.4% |
| Deferred charges and accrued income | 490/1 | €7,885 | €12,119 | +€4,235 | +53.7% |
| Total equity and liabilities | 10/49 | €1,051,651 | €1,112,552 | +€60,900 | +5.8% |
| Equity | 10/15 | €541,094 | €636,359 | +€95,265 | +17.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €533,594 | €628,859 | +€95,265 | +17.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €531,734 | €626,999 | +€95,265 | +17.9% |
| Amounts payable | 17/49 | €510,558 | €476,193 | -€34,365 | -6.7% |
| Amounts payable after more than one year | 17 | €249,724 | €215,422 | -€34,302 | -13.7% |
| Financial debts | 170/4 | €249,724 | €215,422 | -€34,302 | -13.7% |
| Amounts payable within one year | 42/48 | €240,376 | €256,608 | +€16,232 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €33,860 | €34,302 | +€442 | +1.3% |
| Trade debts | 44 | €79,220 | €85,034 | +€5,813 | +7.3% |
| Suppliers | 440/4 | €79,220 | €85,034 | +€5,813 | +7.3% |
| Taxes, remuneration and social security | 45 | €36,066 | €34,984 | -€1,082 | -3.0% |
| Taxes | 450/3 | €29,842 | €24,967 | -€4,875 | -16.3% |
| Remuneration and social security | 454/9 | €6,224 | €10,017 | +€3,793 | +60.9% |
| Other amounts payable | 47/48 | €91,230 | €102,289 | +€11,059 | +12.1% |
| Accrued charges and deferred income | 492/3 | €20,458 | €4,162 | -€16,295 | -79.7% |
| Remuneration, social security and pensions | 62 | €65,054 | €61,085 | -€3,969 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,841 | €49,221 | -€5,620 | -10.2% |
| Other operating charges | 640/8 | €5,265 | €6,219 | +€954 | +18.1% |
| Gross operating margin | 9900 | €258,928 | €272,387 | +€13,459 | +5.2% |
| Operating profit (loss) | 9901 | €133,768 | €155,862 | +€22,095 | +16.5% |
| Financial income | 75/76B | €30 | €96 | +€66 | +222.5% |
| Recurring financial income | 75 | €30 | €96 | +€66 | +222.5% |
| Financial charges | 65/66B | €9,536 | €10,629 | +€1,094 | +11.5% |
| Recurring financial charges | 65 | €9,536 | €10,629 | +€1,094 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €124,262 | €145,329 | +€21,067 | +17.0% |
| Income taxes | 67/77 | €44,493 | €48,346 | +€3,853 | +8.7% |
| Profit (loss) for the period | 9904 | €79,769 | €96,983 | +€17,214 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,769 | €96,983 | +€17,214 | +21.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.