DULLAERT WILLY: 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.
DULLAERT WILLY
Largest movements
- Receivables within one year +€35,540
up €35,540 (+62.5%), from €56,888 to €92,428
of which Other amounts receivable: +€19,271
- Cash +€27,137
up €27,137 (+40.9%), from €66,284 to €93,421
mainly Other debts (+€75,371) and Net result for the year (+€71,594)
- Other debts +€75,371
new in 2025: €75,371
- Tax, wage and social debts -€17,800
down €17,800 (-76.9%), from €23,137 to €5,337
- Debts after one year -€17,169
down €17,169 (-5.5%), from €310,870 to €293,701
- Trade debts +€16,981
up €16,981 (+246%), from €6,907 to €23,888
- Gross operating margin +€13,387
up €13,387 (+9.0%), from €149,451 to €162,838
- Other operating charges +€3,155
up €3,155 (+14.7%), from €21,422 to €24,577
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 | €671,373 | €728,577 | +€57,203 | +8.5% |
| Fixed assets | 21/28 | €548,201 | €542,728 | -€5,473 | -1.0% |
| Tangible fixed assets | 22/27 | €545,411 | €539,938 | -€5,473 | -1.0% |
| Land and buildings | 22 | €449,997 | €428,946 | -€21,051 | -4.7% |
| Plant, machinery and equipment | 23 | €1,653 | €1,025 | -€628 | -38.0% |
| Furniture and vehicles | 24 | €7,577 | €29,306 | +€21,729 | +287% |
| Other tangible fixed assets | 26 | €86,184 | €80,661 | -€5,523 | -6.4% |
| Financial fixed assets | 28 | €2,790 | €2,790 | = | 0.0% |
| Current assets | 29/58 | €123,172 | €185,849 | +€62,677 | +50.9% |
| Amounts receivable within one year | 40/41 | €56,888 | €92,428 | +€35,540 | +62.5% |
| Trade receivables | 40 | €48,533 | €64,802 | +€16,269 | +33.5% |
| Other amounts receivable | 41 | €8,355 | €27,625 | +€19,271 | +231% |
| Cash at bank and in hand | 54/58 | €66,284 | €93,421 | +€27,137 | +40.9% |
| Total equity and liabilities | 10/49 | €671,373 | €728,577 | +€57,203 | +8.5% |
| Equity | 10/15 | €297,810 | €294,034 | -€3,776 | -1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €278,281 | €272,811 | -€5,471 | -2.0% |
| Tax-exempt reserves | 132 | €28,638 | €28,638 | = | 0.0% |
| Distributable reserves | 133 | €249,643 | €244,173 | -€5,471 | -2.2% |
| Profit (loss) carried forward | 14 | €937 | €2,631 | +€1,694 | +181% |
| Amounts payable | 17/49 | €373,563 | €434,543 | +€60,980 | +16.3% |
| Amounts payable after more than one year | 17 | €310,870 | €293,701 | -€17,169 | -5.5% |
| Financial debts | 170/4 | €310,870 | €293,701 | -€17,169 | -5.5% |
| Amounts payable within one year | 42/48 | €62,693 | €140,842 | +€78,149 | +125% |
| Current portion of amounts payable after more than one year | 42 | €32,649 | €36,246 | +€3,597 | +11.0% |
| Trade debts | 44 | €6,907 | €23,888 | +€16,981 | +246% |
| Suppliers | 440/4 | €6,907 | €23,888 | +€16,981 | +246% |
| Taxes, remuneration and social security | 45 | €23,137 | €5,337 | -€17,800 | -76.9% |
| Taxes | 450/3 | €23,137 | €5,337 | -€17,800 | -76.9% |
| Other amounts payable | 47/48 | - | €75,371 | +€75,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,550 | €34,473 | -€77 | -0.2% |
| Other operating charges | 640/8 | €21,422 | €24,577 | +€3,155 | +14.7% |
| Gross operating margin | 9900 | €149,451 | €162,838 | +€13,387 | +9.0% |
| Operating profit (loss) | 9901 | €93,478 | €103,787 | +€10,308 | +11.0% |
| Financial income | 75/76B | €12 | €889 | +€877 | +7,178% |
| Recurring financial income | 75 | €12 | €889 | +€877 | +7,178% |
| Financial charges | 65/66B | €5,795 | €5,277 | -€518 | -8.9% |
| Recurring financial charges | 65 | €5,795 | €5,277 | -€518 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €87,696 | €99,400 | +€11,704 | +13.3% |
| Income taxes | 67/77 | €26,338 | €27,806 | +€1,468 | +5.6% |
| Profit (loss) for the period | 9904 | €61,359 | €71,594 | +€10,236 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,359 | €71,594 | +€10,236 | +16.7% |
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 28 October 2026 via checked.be.