DUHO: 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.
DUHO
Largest movements
- Cash +€86,539
up €86,539 (+332.4%), from €26,033 to €112,572
mainly Net result for the year (+€58,356) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Tangible fixed assets -€11,321
down €11,321 (-51.9%), from €21,795 to €10,474
of which Furniture and vehicles: -€10,667
- Receivables within one year +€1,849
up €1,849 (+10.1%), from €18,274 to €20,123
of which Other amounts receivable: +€1,013
- Reserves +€58,356
up €58,356 (+109.3%), from €53,407 to €111,763
- Other debts -€31,438
down €31,438 (-100.0%), from €31,438 to €0
- Gross operating margin +€4,908
up €4,908 (+5.5%), from €88,448 to €93,356
- Taxes +€2,841
up €2,841 (+14.0%), from €20,323 to €23,164
- Depreciation -€2,156
down €2,156 (-16.0%), from €13,477 to €11,321
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 | €117,040 | €144,130 | +€27,090 | +23.1% |
| Fixed assets | 21/28 | €21,795 | €10,474 | -€11,321 | -51.9% |
| Tangible fixed assets | 22/27 | €21,795 | €10,474 | -€11,321 | -51.9% |
| Plant, machinery and equipment | 23 | €3,121 | €2,467 | -€654 | -21.0% |
| Furniture and vehicles | 24 | €18,674 | €8,007 | -€10,667 | -57.1% |
| Current assets | 29/58 | €95,245 | €133,656 | +€38,411 | +40.3% |
| Amounts receivable within one year | 40/41 | €18,274 | €20,123 | +€1,849 | +10.1% |
| Trade receivables | 40 | €18,274 | €19,110 | +€836 | +4.6% |
| Other amounts receivable | 41 | - | €1,013 | +€1,013 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,033 | €112,572 | +€86,539 | +332.4% |
| Deferred charges and accrued income | 490/1 | €939 | €962 | +€23 | +2.5% |
| Total equity and liabilities | 10/49 | €117,040 | €144,130 | +€27,090 | +23.1% |
| Equity | 10/15 | €56,407 | €114,763 | +€58,356 | +103.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €53,407 | €111,763 | +€58,356 | +109.3% |
| Distributable reserves | 133 | €53,407 | €111,763 | +€58,356 | +109.3% |
| Amounts payable | 17/49 | €60,633 | €29,367 | -€31,266 | -51.6% |
| Amounts payable within one year | 42/48 | €60,633 | €29,367 | -€31,266 | -51.6% |
| Trade debts | 44 | €864 | €0 | -€864 | -100.0% |
| Suppliers | 440/4 | €864 | €0 | -€864 | -100.0% |
| Advances received on contracts in progress | 46 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €26,331 | €27,367 | +€1,036 | +3.9% |
| Taxes | 450/3 | €26,331 | €27,367 | +€1,036 | +3.9% |
| Other amounts payable | 47/48 | €31,438 | €0 | -€31,438 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,477 | €11,321 | -€2,156 | -16.0% |
| Other operating charges | 640/8 | €1,144 | €539 | -€606 | -52.9% |
| Gross operating margin | 9900 | €88,448 | €93,356 | +€4,908 | +5.5% |
| Operating profit (loss) | 9901 | €73,827 | €81,496 | +€7,669 | +10.4% |
| Financial income | 75/76B | - | €712 | +€712 | |
| Recurring financial income | 75 | - | €712 | +€712 | |
| Financial charges | 65/66B | €97 | €689 | +€592 | +611.7% |
| Recurring financial charges | 65 | €97 | €689 | +€592 | +611.7% |
| Profit (loss) for the period before taxes | 9903 | €73,730 | €81,520 | +€7,790 | +10.6% |
| Income taxes | 67/77 | €20,323 | €23,164 | +€2,841 | +14.0% |
| Profit (loss) for the period | 9904 | €53,407 | €58,356 | +€4,949 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,407 | €58,356 | +€4,949 | +9.3% |
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 1 October 2026 via checked.be.