DUIN 45: 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.
DUIN 45
Largest movements
- Receivables within one year +€14,226
up €14,226 (+45.0%), from €31,647 to €45,873
of which Other amounts receivable: +€15,205
- Reserves -€274,248
down €274,248 (-86.1%), from €318,359 to €44,111
of which Distributable reserves: -€274,248
- Other debts +€265,769
up €265,769 (+352%), from €75,525 to €341,294
- Tax, wage and social debts +€15,589
up €15,589 (+142%), from €10,971 to €26,560
of which Taxes: +€14,207
- Gross operating margin +€73,482
up €73,482 (+29.8%), from €246,567 to €320,049
- Taxes +€25,155
up €25,155, from €0 to €25,155
- Depreciation +€16,067
up €16,067 (+23.7%), from €67,785 to €83,852
- Financial charges +€4,318
up €4,318 (+19.8%), from €21,855 to €26,173
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 | €984,818 | €1,001,659 | +€16,840 | +1.7% |
| Fixed assets | 21/28 | €900,850 | €904,385 | +€3,536 | +0.4% |
| Tangible fixed assets | 22/27 | €900,850 | €904,385 | +€3,536 | +0.4% |
| Land and buildings | 22 | €809,079 | €776,626 | -€32,453 | -4.0% |
| Plant, machinery and equipment | 23 | €85,119 | €68,672 | -€16,447 | -19.3% |
| Furniture and vehicles | 24 | €6,652 | €59,087 | +€52,436 | +788% |
| Current assets | 29/58 | €83,968 | €97,273 | +€13,305 | +15.8% |
| Stocks and contracts in progress | 3 | €560 | €515 | -€45 | -8.0% |
| Stocks | 30/36 | €560 | €515 | -€45 | -8.0% |
| Amounts receivable within one year | 40/41 | €31,647 | €45,873 | +€14,226 | +45.0% |
| Trade receivables | 40 | €3,697 | €2,718 | -€979 | -26.5% |
| Other amounts receivable | 41 | €27,950 | €43,155 | +€15,205 | +54.4% |
| Cash at bank and in hand | 54/58 | €48,862 | €47,667 | -€1,195 | -2.4% |
| Deferred charges and accrued income | 490/1 | €2,899 | €3,218 | +€319 | +11.0% |
| Total equity and liabilities | 10/49 | €984,818 | €1,001,659 | +€16,840 | +1.7% |
| Equity | 10/15 | €323,359 | €49,111 | -€274,248 | -84.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €318,359 | €44,111 | -€274,248 | -86.1% |
| Tax-exempt reserves | 132 | €29,470 | €29,470 | = | 0.0% |
| Distributable reserves | 133 | €288,889 | €14,641 | -€274,248 | -94.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €661,459 | €952,548 | +€291,089 | +44.0% |
| Amounts payable after more than one year | 17 | €536,215 | €537,129 | +€914 | +0.2% |
| Financial debts | 170/4 | €536,215 | €537,129 | +€914 | +0.2% |
| Amounts payable within one year | 42/48 | €118,275 | €411,370 | +€293,096 | +248% |
| Current portion of amounts payable after more than one year | 42 | €31,238 | €40,568 | +€9,330 | +29.9% |
| Trade debts | 44 | €540 | €2,949 | +€2,408 | +446% |
| Suppliers | 440/4 | €540 | €2,949 | +€2,408 | +446% |
| Taxes, remuneration and social security | 45 | €10,971 | €26,560 | +€15,589 | +142% |
| Taxes | 450/3 | €4,917 | €19,124 | +€14,207 | +289% |
| Remuneration and social security | 454/9 | €6,054 | €7,436 | +€1,382 | +22.8% |
| Other amounts payable | 47/48 | €75,525 | €341,294 | +€265,769 | +352% |
| Accrued charges and deferred income | 492/3 | €6,969 | €4,048 | -€2,921 | -41.9% |
| Remuneration, social security and pensions | 62 | €80,592 | €79,128 | -€1,465 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,785 | €83,852 | +€16,067 | +23.7% |
| Other operating charges | 640/8 | €26,303 | €27,263 | +€960 | +3.7% |
| Gross operating margin | 9900 | €246,567 | €320,049 | +€73,482 | +29.8% |
| Operating profit (loss) | 9901 | €71,886 | €129,807 | +€57,920 | +80.6% |
| Financial income | 75/76B | €37 | €1,163 | +€1,125 | +3,002% |
| Recurring financial income | 75 | €37 | €1,163 | +€1,125 | +3,002% |
| Financial charges | 65/66B | €21,855 | €26,173 | +€4,318 | +19.8% |
| Recurring financial charges | 65 | €21,855 | €26,173 | +€4,318 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €50,068 | €104,796 | +€54,728 | +109% |
| Income taxes | 67/77 | €0 | €25,155 | +€25,155 | |
| Profit (loss) for the period | 9904 | €50,068 | €79,641 | +€29,572 | +59.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €50,068 | €79,641 | +€29,572 | +59.1% |
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 15 October 2026 via checked.be.