DUINGROEI: 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.
DUINGROEI
Largest movements
- Cash +€35,946
up €35,946 (+14.4%), from €250,179 to €286,125
mainly Net result for the year (+€125,882) and Depreciation (+€32,896)
- Tangible fixed assets -€28,283
down €28,283 (-16.6%), from €170,457 to €142,174
- Current investments +€23,645
up €23,645 (+11.1%), from €212,461 to €236,107
- Receivables within one year +€8,046
up €8,046 (+30.7%), from €26,171 to €34,217
of which Other amounts receivable: +€6,661
- Reserves +€21,639
up €21,639 (+3.4%), from €629,921 to €651,559
of which Distributable reserves: +€21,639
- Tax, wage and social debts +€17,535
up €17,535 (+151.7%), from €11,559 to €29,093
of which Taxes: +€14,724
- Gross operating margin +€8,726
up €8,726 (+3.9%), from €223,025 to €231,751
- Depreciation -€8,627
down €8,627 (-20.8%), from €41,523 to €32,896
- Taxes +€5,111
up €5,111 (+10.5%), from €48,833 to €53,944
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 | €666,966 | €708,387 | +€41,420 | +6.2% |
| Fixed assets | 21/28 | €170,457 | €142,174 | -€28,283 | -16.6% |
| Tangible fixed assets | 22/27 | €170,457 | €142,174 | -€28,283 | -16.6% |
| Land and buildings | 22 | €52,772 | €47,725 | -€5,047 | -9.6% |
| Plant, machinery and equipment | 23 | €37,840 | €28,383 | -€9,458 | -25.0% |
| Furniture and vehicles | 24 | €3,980 | €276 | -€3,703 | -93.1% |
| Leasing and similar rights | 25 | €75,865 | €65,790 | -€10,075 | -13.3% |
| Current assets | 29/58 | €496,509 | €566,213 | +€69,703 | +14.0% |
| Stocks and contracts in progress | 3 | €3,697 | €3,462 | -€234 | -6.3% |
| Stocks | 30/36 | €3,697 | €3,462 | -€234 | -6.3% |
| Amounts receivable within one year | 40/41 | €26,171 | €34,217 | +€8,046 | +30.7% |
| Trade receivables | 40 | €4,277 | €5,663 | +€1,386 | +32.4% |
| Other amounts receivable | 41 | €21,894 | €28,555 | +€6,661 | +30.4% |
| Current investments | 50/53 | €212,461 | €236,107 | +€23,645 | +11.1% |
| Cash at bank and in hand | 54/58 | €250,179 | €286,125 | +€35,946 | +14.4% |
| Deferred charges and accrued income | 490/1 | €4,001 | €6,302 | +€2,300 | +57.5% |
| Total equity and liabilities | 10/49 | €666,966 | €708,387 | +€41,420 | +6.2% |
| Equity | 10/15 | €648,471 | €670,109 | +€21,639 | +3.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €629,921 | €651,559 | +€21,639 | +3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €65 | €65 | = | 0.0% |
| Distributable reserves | 133 | €629,855 | €651,494 | +€21,639 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,496 | €38,277 | +€19,782 | +107.0% |
| Amounts payable within one year | 42/48 | €18,434 | €38,199 | +€19,765 | +107.2% |
| Trade debts | 44 | €6,876 | €9,106 | +€2,230 | +32.4% |
| Suppliers | 440/4 | €6,876 | €9,106 | +€2,230 | +32.4% |
| Taxes, remuneration and social security | 45 | €11,559 | €29,093 | +€17,535 | +151.7% |
| Taxes | 450/3 | €7,943 | €22,666 | +€14,724 | +185.4% |
| Remuneration and social security | 454/9 | €3,616 | €6,427 | +€2,811 | +77.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €61 | €79 | +€17 | +27.7% |
| Remuneration, social security and pensions | 62 | €19,430 | €21,570 | +€2,141 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,523 | €32,896 | -€8,627 | -20.8% |
| Other operating charges | 640/8 | €2,078 | €2,151 | +€73 | +3.5% |
| Gross operating margin | 9900 | €223,025 | €231,751 | +€8,726 | +3.9% |
| Operating profit (loss) | 9901 | €159,994 | €175,134 | +€15,140 | +9.5% |
| Financial income | 75/76B | €4,028 | €5,628 | +€1,600 | +39.7% |
| Recurring financial income | 75 | €4,028 | €5,628 | +€1,600 | +39.7% |
| Financial charges | 65/66B | €58 | €936 | +€878 | +1514.2% |
| Recurring financial charges | 65 | €58 | €936 | +€878 | +1514.2% |
| Profit (loss) for the period before taxes | 9903 | €163,964 | €179,826 | +€15,861 | +9.7% |
| Income taxes | 67/77 | €48,833 | €53,944 | +€5,111 | +10.5% |
| Profit (loss) for the period | 9904 | €115,132 | €125,882 | +€10,750 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,132 | €125,882 | +€10,750 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.