DULEO: 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.
DULEO
Largest movements
- Receivables within one year +€7,582
up €7,582 (+15.1%), from €50,096 to €57,678
of which Other amounts receivable: +€6,234
- Cash +€6,247
up €6,247 (+56.0%), from €11,159 to €17,405
mainly Net result for the year (+€17,216) and Tax, wage and social debts (+€12,210)
- Reserves +€17,216
up €17,216 (+50.9%), from €33,852 to €51,068
of which Distributable reserves: +€17,216
- Trade debts -€16,342
down €16,342 (-71.9%), from €22,734 to €6,392
- Tax, wage and social debts +€12,210
up €12,210 (+408%), from €2,991 to €15,201
of which Taxes: +€11,210
- Gross operating margin +€19,806
up €19,806 (+360%), from €5,495 to €25,301
- Taxes +€6,099
up €6,099 (+487%), from €1,251 to €7,350
- Other operating charges -€851
down €851 (-59.3%), from €1,437 to €585
- Financial income +€755
new in 2025: €755
- Financial charges +€435
up €435 (+628%), from €69 to €504
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 | €65,777 | €78,861 | +€13,084 | +19.9% |
| Fixed assets | 21/28 | €902 | €502 | -€400 | -44.3% |
| Tangible fixed assets | 22/27 | €902 | €502 | -€400 | -44.3% |
| Plant, machinery and equipment | 23 | €902 | €502 | -€400 | -44.3% |
| Current assets | 29/58 | €64,875 | €78,359 | +€13,484 | +20.8% |
| Stocks and contracts in progress | 3 | €2,981 | €3,276 | +€295 | +9.9% |
| Stocks | 30/36 | €2,981 | €3,276 | +€295 | +9.9% |
| Amounts receivable within one year | 40/41 | €50,096 | €57,678 | +€7,582 | +15.1% |
| Trade receivables | 40 | €39,243 | €40,591 | +€1,348 | +3.4% |
| Other amounts receivable | 41 | €10,853 | €17,087 | +€6,234 | +57.4% |
| Cash at bank and in hand | 54/58 | €11,159 | €17,405 | +€6,247 | +56.0% |
| Deferred charges and accrued income | 490/1 | €639 | - | -€639 | |
| Total equity and liabilities | 10/49 | €65,777 | €78,861 | +€13,084 | +19.9% |
| Equity | 10/15 | €40,052 | €57,268 | +€17,216 | +43.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,852 | €51,068 | +€17,216 | +50.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,992 | €49,208 | +€17,216 | +53.8% |
| Amounts payable | 17/49 | €25,725 | €21,593 | -€4,132 | -16.1% |
| Amounts payable within one year | 42/48 | €25,725 | €21,593 | -€4,132 | -16.1% |
| Trade debts | 44 | €22,734 | €6,392 | -€16,342 | -71.9% |
| Suppliers | 440/4 | €22,734 | €6,392 | -€16,342 | -71.9% |
| Taxes, remuneration and social security | 45 | €2,991 | €15,201 | +€12,210 | +408% |
| Taxes | 450/3 | €2,991 | €14,201 | +€11,210 | +375% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | €1,437 | €585 | -€851 | -59.3% |
| Non-recurring operating charges | 66A | €337 | - | -€337 | |
| Gross operating margin | 9900 | €5,495 | €25,301 | +€19,806 | +360% |
| Operating profit (loss) | 9901 | €3,321 | €24,316 | +€20,995 | +632% |
| Financial income | 75/76B | - | €755 | +€755 | |
| Recurring financial income | 75 | - | €755 | +€755 | |
| Financial charges | 65/66B | €69 | €504 | +€435 | +628% |
| Recurring financial charges | 65 | €69 | €504 | +€435 | +628% |
| Profit (loss) for the period before taxes | 9903 | €3,252 | €24,567 | +€21,315 | +655% |
| Income taxes | 67/77 | €1,251 | €7,350 | +€6,099 | +487% |
| Profit (loss) for the period | 9904 | €2,001 | €17,216 | +€15,216 | +761% |
| Profit (loss) for the period to be appropriated | 9905 | €2,001 | €17,216 | +€15,216 | +761% |
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 15 October 2026 via checked.be.