DUINS GENOT: 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.
DUINS GENOT
Largest movements
- Current investments +€175,000
new in 2025: €175,000
- Tangible fixed assets -€39,080
down €39,080 (-20.6%), from €189,949 to €150,869
of which Plant, machinery and equipment: -€29,698
- Receivables within one year +€21,964
up €21,964 (+36.7%), from €59,779 to €81,743
of which Trade receivables: +€10,996
- Cash -€21,817
down €21,817 (-31.8%), from €68,513 to €46,696
mainly Current investments (-€175,000) and Receivables within one year (-€21,964)
- Advances received +€125,612
up €125,612 (+772%), from €16,264 to €141,876
- Profit (loss) carried forward +€37,123
up €37,123 (+36.7%), from €101,220 to €138,344
- Trade debts -€17,205
down €17,205 (-45.7%), from €37,635 to €20,429
- Other debts -€7,515
down €7,515 (-11.5%), from €65,154 to €57,639
- Gross operating margin -€27,487
down €27,487 (-21.3%), from €128,931 to €101,444
- Taxes -€6,694
down €6,694 (-35.3%), from €18,957 to €12,264
- Depreciation +€2,158
up €2,158 (+4.7%), from €45,577 to €47,735
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 | €322,000 | €458,353 | +€136,354 | +42.3% |
| Fixed assets | 21/28 | €189,949 | €150,869 | -€39,080 | -20.6% |
| Tangible fixed assets | 22/27 | €189,949 | €150,869 | -€39,080 | -20.6% |
| Plant, machinery and equipment | 23 | €144,171 | €114,473 | -€29,698 | -20.6% |
| Furniture and vehicles | 24 | €45,778 | €36,395 | -€9,382 | -20.5% |
| Current assets | 29/58 | €132,051 | €307,484 | +€175,434 | +133% |
| Amounts receivable within one year | 40/41 | €59,779 | €81,743 | +€21,964 | +36.7% |
| Trade receivables | 40 | €49,266 | €60,262 | +€10,996 | +22.3% |
| Other amounts receivable | 41 | €10,513 | €21,481 | +€10,968 | +104% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €68,513 | €46,696 | -€21,817 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,759 | €4,046 | +€287 | +7.6% |
| Total equity and liabilities | 10/49 | €322,000 | €458,353 | +€136,354 | +42.3% |
| Equity | 10/15 | €201,220 | €238,344 | +€37,123 | +18.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,220 | €138,344 | +€37,123 | +36.7% |
| Amounts payable | 17/49 | €120,780 | €220,010 | +€99,230 | +82.2% |
| Amounts payable within one year | 42/48 | €119,053 | €220,010 | +€100,957 | +84.8% |
| Trade debts | 44 | €37,635 | €20,429 | -€17,205 | -45.7% |
| Suppliers | 440/4 | €37,635 | €20,429 | -€17,205 | -45.7% |
| Advances received on contracts in progress | 46 | €16,264 | €141,876 | +€125,612 | +772% |
| Taxes, remuneration and social security | 45 | - | €65 | +€65 | |
| Taxes | 450/3 | - | €65 | +€65 | |
| Other amounts payable | 47/48 | €65,154 | €57,639 | -€7,515 | -11.5% |
| Accrued charges and deferred income | 492/3 | €1,727 | €0 | -€1,727 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,577 | €47,735 | +€2,158 | +4.7% |
| Other operating charges | 640/8 | €226 | €128 | -€98 | -43.4% |
| Non-recurring operating charges | 66A | €4,815 | €0 | -€4,815 | -100% |
| Gross operating margin | 9900 | €128,931 | €101,444 | -€27,487 | -21.3% |
| Operating profit (loss) | 9901 | €78,313 | €53,581 | -€24,731 | -31.6% |
| Financial income | 75/76B | €717 | €54 | -€664 | -92.5% |
| Recurring financial income | 75 | €717 | €54 | -€664 | -92.5% |
| Financial charges | 65/66B | €4,562 | €4,248 | -€313 | -6.9% |
| Recurring financial charges | 65 | €4,562 | €4,248 | -€313 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €74,468 | €49,387 | -€25,081 | -33.7% |
| Income taxes | 67/77 | €18,957 | €12,264 | -€6,694 | -35.3% |
| Profit (loss) for the period | 9904 | €55,511 | €37,123 | -€18,388 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,511 | €37,123 | -€18,388 | -33.1% |
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 30 October 2026 via checked.be.