Duinvest: what changed
Duinvest
Largest movements
- Tangible fixed assets +€46,541
up €46,541 (+5.9%), from €787,082 to €833,623
of which Land and buildings: +€53,179
- Cash -€18,077
down €18,077 (-90.2%), from €20,039 to €1,962
mainly Investment in fixed assets (net) (-€86,026) and Other debts (-€35,559)
- Reserves +€64,675
up €64,675 (+85.5%), from €75,654 to €140,329
- Other debts -€35,559
down €35,559 (-20.1%), from €176,633 to €141,074
- Debts after one year -€19,093
down €19,093 (-3.9%), from €495,614 to €476,521
- Tax, wage and social debts +€11,563
up €11,563 (+758%), from €1,526 to €13,089
of which Taxes: +€8,713
- Gross operating margin +€51,740
up €51,740 (+49.7%), from €104,097 to €155,837
- Taxes +€17,694
up €17,694 (+320%), from €5,526 to €23,220
- Depreciation -€17,416
down €17,416 (-30.6%), from €56,901 to €39,485
- Financial charges +€6,244
up €6,244 (+44.2%), from €14,115 to €20,360
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €807,311 | €835,935 | +€28,623 | +3.5% |
| Fixed assets | 21/28 | €787,082 | €833,623 | +€46,541 | +5.9% |
| Tangible fixed assets | 22/27 | €787,082 | €833,623 | +€46,541 | +5.9% |
| Land and buildings | 22 | €754,028 | €807,207 | +€53,179 | +7.1% |
| Plant, machinery and equipment | 23 | €5,071 | €3,196 | -€1,876 | -37.0% |
| Other tangible fixed assets | 26 | €27,983 | €23,221 | -€4,762 | -17.0% |
| Current assets | 29/58 | €20,229 | €2,311 | -€17,918 | -88.6% |
| Amounts receivable within one year | 40/41 | - | €3 | +€3 | |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €20,039 | €1,962 | -€18,077 | -90.2% |
| Deferred charges and accrued income | 490/1 | €190 | €347 | +€157 | +82.3% |
| Total equity and liabilities | 10/49 | €807,311 | €835,935 | +€28,623 | +3.5% |
| Equity | 10/15 | €94,254 | €158,929 | +€64,675 | +68.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,654 | €140,329 | +€64,675 | +85.5% |
| Distributable reserves | 133 | €75,654 | €140,329 | +€64,675 | +85.5% |
| Amounts payable | 17/49 | €713,057 | €677,005 | -€36,052 | -5.1% |
| Amounts payable after more than one year | 17 | €495,614 | €476,521 | -€19,093 | -3.9% |
| Financial debts | 170/4 | €495,614 | €476,521 | -€19,093 | -3.9% |
| Amounts payable within one year | 42/48 | €217,443 | €199,530 | -€17,913 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €36,802 | €42,564 | +€5,762 | +15.7% |
| Trade debts | 44 | €2,482 | €2,803 | +€321 | +12.9% |
| Suppliers | 440/4 | €2,482 | €2,803 | +€321 | +12.9% |
| Taxes, remuneration and social security | 45 | €1,526 | €13,089 | +€11,563 | +758% |
| Taxes | 450/3 | €1,526 | €10,239 | +€8,713 | +571% |
| Remuneration and social security | 454/9 | - | €2,850 | +€2,850 | |
| Other amounts payable | 47/48 | €176,633 | €141,074 | -€35,559 | -20.1% |
| Accrued charges and deferred income | 492/3 | - | €954 | +€954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,901 | €39,485 | -€17,416 | -30.6% |
| Other operating charges | 640/8 | €3,125 | €3,097 | -€28 | -0.9% |
| Gross operating margin | 9900 | €104,097 | €155,837 | +€51,740 | +49.7% |
| Operating profit (loss) | 9901 | €44,070 | €113,255 | +€69,184 | +157% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €14,115 | €20,360 | +€6,244 | +44.2% |
| Recurring financial charges | 65 | €14,115 | €20,360 | +€6,244 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €29,959 | €92,895 | +€62,936 | +210% |
| Income taxes | 67/77 | €5,526 | €23,220 | +€17,694 | +320% |
| Profit (loss) for the period | 9904 | €24,433 | €69,675 | +€45,242 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €24,433 | €69,675 | +€45,242 | +185% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.