Duiventoren: 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.
Duiventoren
Largest movements
- Cash +€39,083
up €39,083 (+63.1%), from €61,916 to €100,999
mainly Net result for the year (+€31,868) and Depreciation (+€19,994)
- Tangible fixed assets -€19,994
down €19,994 (-3.7%), from €545,691 to €525,697
of which Land and buildings: -€19,881
- Reserves +€31,868
up €31,868 (+5.4%), from €585,015 to €616,884
of which Distributable reserves: +€35,418
- Current portion of long-term debt -€14,030
no longer reported in 2025 (was €14,030)
- Gross operating margin +€23,473
up €23,473 (+49.0%), from €47,857 to €71,330
- Taxes +€5,995
up €5,995 (+103%), from €5,811 to €11,806
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 | €619,679 | €638,593 | +€18,914 | +3.1% |
| Fixed assets | 21/28 | €545,691 | €525,697 | -€19,994 | -3.7% |
| Tangible fixed assets | 22/27 | €545,691 | €525,697 | -€19,994 | -3.7% |
| Land and buildings | 22 | €542,038 | €522,157 | -€19,881 | -3.7% |
| Furniture and vehicles | 24 | €3,653 | €3,540 | -€113 | -3.1% |
| Current assets | 29/58 | €73,989 | €112,896 | +€38,908 | +52.6% |
| Amounts receivable within one year | 40/41 | €12,073 | €11,897 | -€175 | -1.5% |
| Trade receivables | 40 | €5,883 | €11,703 | +€5,820 | +98.9% |
| Other amounts receivable | 41 | €6,189 | €194 | -€5,995 | -96.9% |
| Cash at bank and in hand | 54/58 | €61,916 | €100,999 | +€39,083 | +63.1% |
| Total equity and liabilities | 10/49 | €619,679 | €638,593 | +€18,914 | +3.1% |
| Equity | 10/15 | €594,311 | €626,180 | +€31,868 | +5.4% |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €585,015 | €616,884 | +€31,868 | +5.4% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,309 | €19,759 | -€3,550 | -15.2% |
| Distributable reserves | 133 | €560,777 | €596,195 | +€35,418 | +6.3% |
| Provisions and deferred taxes | 16 | €7,770 | €6,586 | -€1,183 | -15.2% |
| Deferred taxes | 168 | €7,770 | €6,586 | -€1,183 | -15.2% |
| Amounts payable | 17/49 | €17,598 | €5,827 | -€11,771 | -66.9% |
| Amounts payable within one year | 42/48 | €17,598 | €2,832 | -€14,766 | -83.9% |
| Current portion of amounts payable after more than one year | 42 | €14,030 | - | -€14,030 | |
| Trade debts | 44 | €1,081 | €400 | -€681 | -63.0% |
| Suppliers | 440/4 | €1,081 | €400 | -€681 | -63.0% |
| Taxes, remuneration and social security | 45 | €1,335 | €2,433 | +€1,098 | +82.2% |
| Taxes | 450/3 | €1,335 | €2,433 | +€1,098 | +82.2% |
| Other amounts payable | 47/48 | €1,153 | - | -€1,153 | |
| Accrued charges and deferred income | 492/3 | - | €2,995 | +€2,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,290 | €19,994 | +€704 | +3.7% |
| Other operating charges | 640/8 | €8,066 | €8,710 | +€643 | +8.0% |
| Gross operating margin | 9900 | €47,857 | €71,330 | +€23,473 | +49.0% |
| Operating profit (loss) | 9901 | €20,501 | €42,627 | +€22,126 | +108% |
| Financial charges | 65/66B | €616 | €136 | -€480 | -78.0% |
| Recurring financial charges | 65 | €616 | €136 | -€480 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | €19,885 | €42,491 | +€22,606 | +114% |
| Transfer from deferred taxes | 780 | €1,183 | €1,183 | = | 0.0% |
| Income taxes | 67/77 | €5,811 | €11,806 | +€5,995 | +103% |
| Profit (loss) for the period | 9904 | €15,257 | €31,868 | +€16,611 | +109% |
| Transfer from tax-exempt reserves | 789 | €3,550 | €3,550 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,807 | €35,418 | +€16,611 | +88.3% |
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 17 October 2026 via checked.be.