DUHAUTDIS: 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.
DUHAUTDIS
Largest movements
- Tangible fixed assets -€259,078
down €259,078 (-12.4%), from €2.1m to €1.8m
of which Land and buildings: -€157,874
- Receivables within one year +€221,397
up €221,397 (+72.9%), from €303,688 to €525,085
of which Other amounts receivable: +€190,998
- Cash -€75,767
down €75,767 (-10.7%), from €706,918 to €631,152
mainly Debts after one year (-€342,239) and Contributions, distributions and other (-€250,000)
- Stocks and contracts +€72,371
up €72,371 (+13.7%), from €527,688 to €600,059
- Debts after one year -€342,239
down €342,239 (-24.4%), from €1.4m to €1.1m
- Profit (loss) carried forward +€189,358
up €189,358 (+41.3%), from €458,729 to €648,088
- Tax, wage and social debts +€85,492
up €85,492 (+118%), from €72,156 to €157,648
of which Taxes: +€84,056
- Other debts +€49,000
up €49,000 (+24.4%), from €201,000 to €250,000
- Gross operating margin +€312,888
up €312,888 (+29.3%), from €1.1m to €1.4m
- Taxes +€85,392
up €85,392 (+125%), from €68,561 to €153,953
- Staff costs -€15,803
down €15,803 (-3.4%), from €467,140 to €451,337
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.
Derived cash bridge
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 | €3,631,274 | €3,612,848 | -€18,426 | -0.5% |
| Fixed assets | 21/28 | €2,081,895 | €1,822,817 | -€259,078 | -12.4% |
| Tangible fixed assets | 22/27 | €2,081,895 | €1,822,817 | -€259,078 | -12.4% |
| Land and buildings | 22 | €1,697,157 | €1,539,283 | -€157,874 | -9.3% |
| Plant, machinery and equipment | 23 | €384,738 | €283,534 | -€101,204 | -26.3% |
| Current assets | 29/58 | €1,549,379 | €1,790,031 | +€240,652 | +15.5% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Stocks and contracts in progress | 3 | €527,688 | €600,059 | +€72,371 | +13.7% |
| Stocks | 30/36 | €527,688 | €600,059 | +€72,371 | +13.7% |
| Amounts receivable within one year | 40/41 | €303,688 | €525,085 | +€221,397 | +72.9% |
| Trade receivables | 40 | €285,111 | €315,509 | +€30,398 | +10.7% |
| Other amounts receivable | 41 | €18,578 | €209,576 | +€190,998 | +1,028% |
| Cash at bank and in hand | 54/58 | €706,918 | €631,152 | -€75,767 | -10.7% |
| Deferred charges and accrued income | 490/1 | €11,084 | €3,735 | -€7,349 | -66.3% |
| Total equity and liabilities | 10/49 | €3,631,274 | €3,612,848 | -€18,426 | -0.5% |
| Equity | 10/15 | €916,354 | €1,105,713 | +€189,358 | +20.7% |
| Contributions | 10/11 | €257,625 | €257,625 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458,729 | €648,088 | +€189,358 | +41.3% |
| Amounts payable | 17/49 | €2,714,919 | €2,507,135 | -€207,784 | -7.7% |
| Amounts payable after more than one year | 17 | €1,401,945 | €1,059,706 | -€342,239 | -24.4% |
| Financial debts | 170/4 | €1,401,945 | €1,059,706 | -€342,239 | -24.4% |
| Amounts payable within one year | 42/48 | €1,310,977 | €1,445,744 | +€134,767 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €366,384 | €342,239 | -€24,145 | -6.6% |
| Trade debts | 44 | €671,437 | €695,857 | +€24,420 | +3.6% |
| Suppliers | 440/4 | €671,437 | €695,857 | +€24,420 | +3.6% |
| Taxes, remuneration and social security | 45 | €72,156 | €157,648 | +€85,492 | +118% |
| Taxes | 450/3 | €16,267 | €100,323 | +€84,056 | +517% |
| Remuneration and social security | 454/9 | €55,889 | €57,325 | +€1,436 | +2.6% |
| Other amounts payable | 47/48 | €201,000 | €250,000 | +€49,000 | +24.4% |
| Accrued charges and deferred income | 492/3 | €1,998 | €1,684 | -€313 | -15.7% |
| Remuneration, social security and pensions | 62 | €467,140 | €451,337 | -€15,803 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,986 | €259,078 | +€8,093 | +3.2% |
| Other operating charges | 640/8 | €19,323 | €23,173 | +€3,850 | +19.9% |
| Gross operating margin | 9900 | €1,068,853 | €1,381,740 | +€312,888 | +29.3% |
| Operating profit (loss) | 9901 | €331,404 | €648,152 | +€316,748 | +95.6% |
| Financial income | 75/76B | €1,521 | €1,691 | +€169 | +11.1% |
| Recurring financial income | 75 | €1,521 | €1,691 | +€169 | +11.1% |
| Financial charges | 65/66B | €64,646 | €56,532 | -€8,114 | -12.6% |
| Recurring financial charges | 65 | €64,646 | €56,532 | -€8,114 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €268,279 | €593,311 | +€325,032 | +121% |
| Income taxes | 67/77 | €68,561 | €153,953 | +€85,392 | +125% |
| Profit (loss) for the period | 9904 | €199,719 | €439,358 | +€239,640 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €199,719 | €439,358 | +€239,640 | +120% |
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 22 October 2026 via checked.be.