Duinenlouve: what changed
What changed
Duinenlouve
filed annual accounts (NBB)
Net result for the year
€8,236
2024 · -€2,305+€10,541
Equity
€516,396
2024 · €508,160+€8,236
Cash
€34,087
2024 · €22,414+€11,673
Balance sheet total
€818,241
2024 · €731,755+€86,486
Largest movements
Assets
- Current investments +€52,077
up €52,077 (+26.9%), from €193,619 to €245,696
- Tangible fixed assets +€21,575
up €21,575 (+4.2%), from €508,228 to €529,804
of which Assets under construction and advance payments: +€56,015
- Cash +€11,673
up €11,673 (+52.1%), from €22,414 to €34,087
mainly Accrued charges and deferred income (+€57,187) and Other debts (+€40,000)
Equity and liabilities
- Accrued charges and deferred income +€57,187
up €57,187 (+45.4%), from €125,849 to €183,036
- Other debts +€40,000
new in 2025: €40,000
- Debts after one year -€10,234
down €10,234 (-14.9%), from €68,623 to €58,390
- Profit (loss) carried forward +€9,274
up €9,274 (+4.8%), from -€193,402 to -€184,128
Income statement
- Financial charges -€7,156
down €7,156 (-73.6%), from €9,729 to €2,573
- Gross operating margin +€4,430
up €4,430 (+8.4%), from €52,808 to €57,238
- Other operating charges +€1,282
up €1,282 (+7.4%), from €17,415 to €18,697
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,305
Gross operating margin
+€4,430
Depreciation
+€78
Other operating charges
-€1,282
Financial income
+€160
Financial charges
+€7,156
Result 2025
€8,236
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€138,029
Investment
-€108,954
Financing
-€17,403
Cash 2024
€22,414
From operations (derived)
+€138,029
Net result for the year
+€8,236
Depreciation
+€35,302
Receivables within one year
-€270
Deferred charges and accrued income
-€892
Trade debts
-€1,535
Other debts
+€40,000
Accrued charges and deferred income
+€57,187
Investment (derived)
-€108,954
Investment in fixed assets (net)
-€56,877
Current investments
-€52,077
Financing
-€17,403
Debts after one year
-€10,234
Current portion of long-term debt
-€7,169
Cash 2025
€34,087
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €731,755 | €818,241 | +€86,486 | +11.8% |
| Fixed assets | 21/28 | €508,228 | €529,804 | +€21,575 | +4.2% |
| Tangible fixed assets | 22/27 | €508,228 | €529,804 | +€21,575 | +4.2% |
| Land and buildings | 22 | €488,574 | €454,572 | -€34,002 | -7.0% |
| Plant, machinery and equipment | 23 | €2,778 | €2,284 | -€495 | -17.8% |
| Furniture and vehicles | 24 | €1,957 | €2,014 | +€57 | +2.9% |
| Assets under construction and advance payments | 27 | €14,919 | €70,934 | +€56,015 | +375% |
| Current assets | 29/58 | €223,527 | €288,438 | +€64,911 | +29.0% |
| Amounts receivable within one year | 40/41 | €4,192 | €4,461 | +€270 | +6.4% |
| Other amounts receivable | 41 | €4,192 | €4,461 | +€270 | +6.4% |
| Current investments | 50/53 | €193,619 | €245,696 | +€52,077 | +26.9% |
| Cash at bank and in hand | 54/58 | €22,414 | €34,087 | +€11,673 | +52.1% |
| Deferred charges and accrued income | 490/1 | €3,302 | €4,194 | +€892 | +27.0% |
| Total equity and liabilities | 10/49 | €731,755 | €818,241 | +€86,486 | +11.8% |
| Equity | 10/15 | €508,160 | €516,396 | +€8,236 | +1.6% |
| Contributions | 10/11 | €684,930 | €684,930 | = | 0.0% |
| Capital | 10 | €684,930 | €684,930 | = | 0.0% |
| Issued capital | 100 | €684,930 | €684,930 | = | 0.0% |
| Reserves | 13 | €16,633 | €15,594 | -€1,039 | -6.2% |
| Non-distributable reserves | 130/1 | €1,954 | €1,954 | = | 0.0% |
| Legal reserve | 130 | €1,954 | €1,954 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,679 | €13,640 | -€1,039 | -7.1% |
| Profit (loss) carried forward | 14 | -€193,402 | -€184,128 | +€9,274 | +4.8% |
| Amounts payable | 17/49 | €223,595 | €301,845 | +€78,250 | +35.0% |
| Amounts payable after more than one year | 17 | €68,623 | €58,390 | -€10,234 | -14.9% |
| Financial debts | 170/4 | €68,623 | €58,390 | -€10,234 | -14.9% |
| Amounts payable within one year | 42/48 | €29,123 | €60,419 | +€31,297 | +107% |
| Current portion of amounts payable after more than one year | 42 | €17,403 | €10,234 | -€7,169 | -41.2% |
| Trade debts | 44 | €11,720 | €10,186 | -€1,535 | -13.1% |
| Suppliers | 440/4 | €11,720 | €10,186 | -€1,535 | -13.1% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €125,849 | €183,036 | +€57,187 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,379 | €35,302 | -€78 | -0.2% |
| Other operating charges | 640/8 | €17,415 | €18,697 | +€1,282 | +7.4% |
| Gross operating margin | 9900 | €52,808 | €57,238 | +€4,430 | +8.4% |
| Operating profit (loss) | 9901 | €14 | €3,240 | +€3,225 | +22,274% |
| Financial income | 75/76B | €7,410 | €7,569 | +€160 | +2.2% |
| Recurring financial income | 75 | €7,410 | €7,569 | +€160 | +2.2% |
| Financial charges | 65/66B | €9,729 | €2,573 | -€7,156 | -73.6% |
| Recurring financial charges | 65 | €9,729 | €2,573 | -€7,156 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,305 | €8,236 | +€10,541 | |
| Profit (loss) for the period | 9904 | -€2,305 | €8,236 | +€10,541 | |
| Transfer from tax-exempt reserves | 789 | €1,039 | €1,039 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,266 | €9,274 | +€10,541 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.