DUHO SYNDIC: 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.
DUHO SYNDIC
Largest movements
- Receivables within one year +€34,730
up €34,730 (+23.1%), from €150,587 to €185,317
of which Other amounts receivable: +€36,010
- Advances received +€31,370
up €31,370 (+266%), from €11,813 to €43,184
- Profit (loss) carried forward +€10,451
up €10,451 (+16.0%), from €65,378 to €75,829
- Trade debts -€6,255
down €6,255 (-23.6%), from €26,451 to €20,197
- Tax, wage and social debts -€2,638
down €2,638 (-9.9%), from €26,589 to €23,951
of which Taxes: -€2,680
- Gross operating margin -€26,758
down €26,758 (-45.2%), from €59,234 to €32,476
- Taxes -€8,305
down €8,305 (-52.4%), from €15,839 to €7,533
- Staff costs +€5,841
up €5,841 (+63.5%), from €9,197 to €15,038
- Financial income +€1,324
up €1,324 (+36.4%), from €3,642 to €4,966
- Financial charges -€1,061
down €1,061 (-31.8%), from €3,342 to €2,281
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,933 | €185,583 | +€34,650 | +23.0% |
| Fixed assets | 21/28 | €346 | €266 | -€80 | -23.0% |
| Tangible fixed assets | 22/27 | €80 | - | -€80 | |
| Plant, machinery and equipment | 23 | €80 | - | -€80 | |
| Financial fixed assets | 28 | €266 | €266 | = | 0.0% |
| Current assets | 29/58 | €150,587 | €185,317 | +€34,730 | +23.1% |
| Amounts receivable within one year | 40/41 | €150,587 | €185,317 | +€34,730 | +23.1% |
| Trade receivables | 40 | €1,982 | €702 | -€1,280 | -64.6% |
| Other amounts receivable | 41 | €148,605 | €184,615 | +€36,010 | +24.2% |
| Total equity and liabilities | 10/49 | €150,933 | €185,583 | +€34,650 | +23.0% |
| Equity | 10/15 | €83,978 | €94,429 | +€10,451 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,378 | €75,829 | +€10,451 | +16.0% |
| Amounts payable | 17/49 | €66,954 | €91,154 | +€24,200 | +36.1% |
| Amounts payable within one year | 42/48 | €66,954 | €91,154 | +€24,200 | +36.1% |
| Financial debts | 43 | €2,100 | €3,493 | +€1,392 | +66.3% |
| Credit institutions | 430/8 | €2,100 | €3,493 | +€1,392 | +66.3% |
| Trade debts | 44 | €26,451 | €20,197 | -€6,255 | -23.6% |
| Suppliers | 440/4 | €26,451 | €20,197 | -€6,255 | -23.6% |
| Advances received on contracts in progress | 46 | €11,813 | €43,184 | +€31,370 | +266% |
| Taxes, remuneration and social security | 45 | €26,589 | €23,951 | -€2,638 | -9.9% |
| Taxes | 450/3 | €25,482 | €22,802 | -€2,680 | -10.5% |
| Remuneration and social security | 454/9 | €1,107 | €1,149 | +€42 | +3.8% |
| Other amounts payable | 47/48 | - | €329 | +€329 | |
| Remuneration, social security and pensions | 62 | €9,197 | €15,038 | +€5,841 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €80 | = | 0.0% |
| Other operating charges | 640/8 | €1,331 | €2,060 | +€729 | +54.8% |
| Gross operating margin | 9900 | €59,234 | €32,476 | -€26,758 | -45.2% |
| Operating profit (loss) | 9901 | €48,627 | €15,299 | -€33,328 | -68.5% |
| Financial income | 75/76B | €3,642 | €4,966 | +€1,324 | +36.4% |
| Recurring financial income | 75 | €3,642 | €4,966 | +€1,324 | +36.4% |
| Financial charges | 65/66B | €3,342 | €2,281 | -€1,061 | -31.8% |
| Recurring financial charges | 65 | €3,342 | €2,281 | -€1,061 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €48,926 | €17,984 | -€30,942 | -63.2% |
| Income taxes | 67/77 | €15,839 | €7,533 | -€8,305 | -52.4% |
| Profit (loss) for the period | 9904 | €33,088 | €10,451 | -€22,637 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,088 | €10,451 | -€22,637 | -68.4% |
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 14 October 2026 via checked.be.