Duinzicht: 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.
Duinzicht
Largest movements
- Tangible fixed assets -€324,628
down €324,628 (-41.3%), from €786,022 to €461,394
of which Land and buildings: -€325,582
- Current investments +€300,000
new in 2025: €300,000
- Cash +€151,112
up €151,112 (+1,272%), from €11,877 to €162,989
mainly Investment in fixed assets (net) (+€292,645) and Net result for the year (+€217,837)
- Receivables within one year +€46,180
up €46,180 (+240%), from €19,254 to €65,434
- Reserves +€187,065
up €187,065 (+71.9%), from €260,083 to €447,148
of which Tax-exempt reserves: +€153,985
- Provisions +€51,328
up €51,328 (+57.6%), from €89,167 to €140,495
- Debts after one year -€38,548
down €38,548 (-9.6%), from €403,216 to €364,668
- Other debts -€23,178
down €23,178 (-23.7%), from €97,791 to €74,613
- Gross operating margin +€303,429
up €303,429 (+581%), from €52,238 to €355,667
- Taxes +€26,686
up €26,686 (+656%), from €4,068 to €30,754
- Depreciation -€11,291
down €11,291 (-26.1%), from €43,274 to €31,983
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 | €822,533 | €994,121 | +€171,588 | +20.9% |
| Fixed assets | 21/28 | €786,022 | €461,394 | -€324,628 | -41.3% |
| Tangible fixed assets | 22/27 | €786,022 | €461,394 | -€324,628 | -41.3% |
| Land and buildings | 22 | €786,022 | €460,440 | -€325,582 | -41.4% |
| Plant, machinery and equipment | 23 | €0 | €954 | +€954 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €36,511 | €532,726 | +€496,216 | +1,359% |
| Amounts receivable within one year | 40/41 | €19,254 | €65,434 | +€46,180 | +240% |
| Other amounts receivable | 41 | €19,254 | €65,434 | +€46,180 | +240% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €11,877 | €162,989 | +€151,112 | +1,272% |
| Deferred charges and accrued income | 490/1 | €5,380 | €4,303 | -€1,077 | -20.0% |
| Total equity and liabilities | 10/49 | €822,533 | €994,121 | +€171,588 | +20.9% |
| Equity | 10/15 | €182,014 | €369,079 | +€187,065 | +103% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,083 | €447,148 | +€187,065 | +71.9% |
| Tax-exempt reserves | 132 | €186,096 | €340,081 | +€153,985 | +82.7% |
| Distributable reserves | 133 | €73,987 | €107,067 | +€33,080 | +44.7% |
| Profit (loss) carried forward | 14 | -€96,669 | -€96,669 | = | 0.0% |
| Provisions and deferred taxes | 16 | €89,167 | €140,495 | +€51,328 | +57.6% |
| Deferred taxes | 168 | €89,167 | €140,495 | +€51,328 | +57.6% |
| Amounts payable | 17/49 | €551,351 | €484,546 | -€66,805 | -12.1% |
| Amounts payable after more than one year | 17 | €403,216 | €364,668 | -€38,548 | -9.6% |
| Financial debts | 170/4 | €403,216 | €364,668 | -€38,548 | -9.6% |
| Amounts payable within one year | 42/48 | €143,639 | €115,624 | -€28,016 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €37,379 | €38,548 | +€1,168 | +3.1% |
| Trade debts | 44 | €2,778 | €995 | -€1,784 | -64.2% |
| Suppliers | 440/4 | €2,778 | €995 | -€1,784 | -64.2% |
| Taxes, remuneration and social security | 45 | €5,691 | €1,468 | -€4,223 | -74.2% |
| Taxes | 450/3 | €5,691 | €1,468 | -€4,223 | -74.2% |
| Other amounts payable | 47/48 | €97,791 | €74,613 | -€23,178 | -23.7% |
| Accrued charges and deferred income | 492/3 | €4,496 | €4,255 | -€242 | -5.4% |
| Non-recurring operating income | 76A | - | €299,327 | +€299,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,274 | €31,983 | -€11,291 | -26.1% |
| Other operating charges | 640/8 | €4,699 | €3,812 | -€887 | -18.9% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €52,238 | €355,667 | +€303,429 | +581% |
| Operating profit (loss) | 9901 | €4,266 | €319,873 | +€315,607 | +7,398% |
| Financial income | 75/76B | €509 | €2,184 | +€1,675 | +329% |
| Recurring financial income | 75 | €509 | €2,184 | +€1,675 | +329% |
| Financial charges | 65/66B | €23,213 | €22,139 | -€1,075 | -4.6% |
| Recurring financial charges | 65 | €23,213 | €22,139 | -€1,075 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,438 | €299,919 | +€318,357 | |
| Transfer from deferred taxes | 780 | €8,427 | €23,503 | +€15,077 | +179% |
| Transfer to deferred taxes | 680 | - | €74,832 | +€74,832 | |
| Income taxes | 67/77 | €4,068 | €30,754 | +€26,686 | +656% |
| Profit (loss) for the period | 9904 | -€14,080 | €217,837 | +€231,917 | |
| Transfer from tax-exempt reserves | 789 | €25,280 | €70,510 | +€45,230 | +179% |
| Transfer to tax-exempt reserves | 689 | - | €224,495 | +€224,495 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,200 | €63,852 | +€52,652 | +470% |
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 24 October 2026 via checked.be.