DULE-13: 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.
DULE-13
Largest movements
- Current investments +€4.4m
up €4.4m (+13.0%), from €33.5m to €37.8m
- Receivables within one year +€1.5m
up €1.5m (+955.4%), from €158,831 to €1.7m
- Financial fixed assets +€1.3m
up €1.3m (+2.1%), from €62.8m to €64.1m
- Reserves +€7.5m
up €7.5m (+137.4%), from €5.4m to €12.9m
- Financial income +€6.7m
up €6.7m (+124.7%), from €5.4m to €12.2m
- Taxes +€1.7m
up €1.7m (+205.4%), from €826,214 to €2.5m
- Financial charges -€1.4m
down €1.4m (-42.8%), from €3.2m to €1.8m
- Gross operating margin -€48,787
down €48,787 (-32.8%), from -€148,736 to -€197,523
- Other operating charges +€22,577
up €22,577 (+20.4%), from €110,732 to €133,309
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 | €97,083,229 | €104,482,247 | +€7.4m | +7.6% |
| Fixed assets | 21/28 | €62,763,207 | €64,085,769 | +€1.3m | +2.1% |
| Financial fixed assets | 28 | €62,763,207 | €64,085,769 | +€1.3m | +2.1% |
| Current assets | 29/58 | €34,320,022 | €40,396,478 | +€6.1m | +17.7% |
| Amounts receivable after more than one year | 29 | €325,540 | €337,584 | +€12,045 | +3.7% |
| Other amounts receivable | 291 | €325,540 | €337,584 | +€12,045 | +3.7% |
| Amounts receivable within one year | 40/41 | €158,831 | €1,676,297 | +€1.5m | +955.4% |
| Other amounts receivable | 41 | €158,831 | €1,676,297 | +€1.5m | +955.4% |
| Current investments | 50/53 | €33,450,288 | €37,802,254 | +€4.4m | +13.0% |
| Cash at bank and in hand | 54/58 | €370,161 | €554,402 | +€184,241 | +49.8% |
| Deferred charges and accrued income | 490/1 | €15,203 | €25,941 | +€10,738 | +70.6% |
| Total equity and liabilities | 10/49 | €97,083,229 | €104,482,247 | +€7.4m | +7.6% |
| Equity | 10/15 | €83,943,147 | €91,399,055 | +€7.5m | +8.9% |
| Contributions | 10/11 | €78,516,005 | €78,516,005 | = | 0.0% |
| Reserves | 13 | €5,427,143 | €12,883,050 | +€7.5m | +137.4% |
| Distributable reserves | 133 | €5,427,143 | €12,883,050 | +€7.5m | +137.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,140,082 | €13,083,192 | -€56,890 | -0.4% |
| Amounts payable within one year | 42/48 | €12,779,178 | €12,677,266 | -€101,912 | -0.8% |
| Financial debts | 43 | €2,453 | €0 | -€2,453 | -100.0% |
| Credit institutions | 430/8 | €2,453 | €0 | -€2,453 | -100.0% |
| Trade debts | 44 | €13,225 | €24,367 | +€11,142 | +84.3% |
| Suppliers | 440/4 | €13,225 | €24,367 | +€11,142 | +84.3% |
| Taxes, remuneration and social security | 45 | €268,491 | €15,485 | -€253,007 | -94.2% |
| Taxes | 450/3 | €268,491 | €15,485 | -€253,007 | -94.2% |
| Other amounts payable | 47/48 | €12,495,009 | €12,637,414 | +€142,405 | +1.1% |
| Accrued charges and deferred income | 492/3 | €360,904 | €405,926 | +€45,023 | +12.5% |
| Other operating charges | 640/8 | €110,732 | €133,309 | +€22,577 | +20.4% |
| Gross operating margin | 9900 | -€148,736 | -€197,523 | -€48,787 | -32.8% |
| Operating profit (loss) | 9901 | -€259,468 | -€330,832 | -€71,364 | -27.5% |
| Financial income | 75/76B | €5,409,103 | €12,152,846 | +€6.7m | +124.7% |
| Recurring financial income | 75 | €5,409,103 | €12,152,846 | +€6.7m | +124.7% |
| Financial charges | 65/66B | €3,223,942 | €1,843,136 | -€1.4m | -42.8% |
| Recurring financial charges | 65 | €3,223,942 | €1,843,136 | -€1.4m | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €1,925,692 | €9,978,879 | +€8.1m | +418.2% |
| Income taxes | 67/77 | €826,214 | €2,522,971 | +€1.7m | +205.4% |
| Profit (loss) for the period | 9904 | €1,099,479 | €7,455,907 | +€6.4m | +578.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,099,479 | €7,455,907 | +€6.4m | +578.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.