DULON: 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.
DULON
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+2,951%), from €48,976 to €1.5m
- Current investments -€110,000
down €110,000 (-100%), from €110,000 to €0
- Debts after one year +€1.2m
up €1.2m (+551%), from €210,000 to €1.4m
- Other debts +€179,569
up €179,569 (+1,343%), from €13,366 to €192,936
- Profit (loss) carried forward -€29,968
down €29,968 (-8.2%), from €366,913 to €336,944
- Financial charges +€9,786
up €9,786 (+3,137%), from €312 to €10,098
- Financial income -€4,215
down €4,215 (-68.8%), from €6,123 to €1,908
- Gross operating margin +€555
up €555 (+14.3%), from -€3,871 to -€3,316
- Other operating charges +€134
up €134 (+3.5%), from €3,794 to €3,927
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 | €635,630 | €1,969,442 | +€1.3m | +210% |
| Fixed assets | 21/28 | €469,282 | €454,747 | -€14,535 | -3.1% |
| Tangible fixed assets | 22/27 | €469,282 | €454,747 | -€14,535 | -3.1% |
| Land and buildings | 22 | €469,282 | €454,747 | -€14,535 | -3.1% |
| Current assets | 29/58 | €166,348 | €1,514,695 | +€1.3m | +811% |
| Stocks and contracts in progress | 3 | €48,976 | €1,494,147 | +€1.4m | +2,951% |
| Stocks | 30/36 | €48,976 | €1,494,147 | +€1.4m | +2,951% |
| Amounts receivable within one year | 40/41 | €5,447 | €20,128 | +€14,681 | +270% |
| Trade receivables | 40 | €364 | €17,315 | +€16,951 | +4,657% |
| Other amounts receivable | 41 | €5,083 | €2,813 | -€2,270 | -44.7% |
| Current investments | 50/53 | €110,000 | €0 | -€110,000 | -100% |
| Cash at bank and in hand | 54/58 | €1,925 | €418 | -€1,507 | -78.3% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €635,630 | €1,969,442 | +€1.3m | +210% |
| Equity | 10/15 | €393,886 | €363,917 | -€29,968 | -7.6% |
| Contributions | 10/11 | €11,956 | €11,956 | = | 0.0% |
| Revaluation surpluses | 12 | €10,018 | €10,018 | = | 0.0% |
| Reserves | 13 | €4,999 | €4,999 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,999 | €2,999 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €366,913 | €336,944 | -€29,968 | -8.2% |
| Amounts payable | 17/49 | €241,744 | €1,605,525 | +€1.4m | +564% |
| Amounts payable after more than one year | 17 | €210,000 | €1,367,500 | +€1.2m | +551% |
| Financial debts | 170/4 | €210,000 | €1,367,500 | +€1.2m | +551% |
| Amounts payable within one year | 42/48 | €13,990 | €211,323 | +€197,333 | +1,411% |
| Trade debts | 44 | €624 | €18,388 | +€17,764 | +2,847% |
| Suppliers | 440/4 | €624 | €18,388 | +€17,764 | +2,847% |
| Other amounts payable | 47/48 | €13,366 | €192,936 | +€179,569 | +1,343% |
| Accrued charges and deferred income | 492/3 | €17,754 | €26,702 | +€8,947 | +50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,535 | €14,535 | = | 0.0% |
| Other operating charges | 640/8 | €3,794 | €3,927 | +€134 | +3.5% |
| Gross operating margin | 9900 | -€3,871 | -€3,316 | +€555 | +14.3% |
| Operating profit (loss) | 9901 | -€22,200 | -€21,778 | +€422 | +1.9% |
| Financial income | 75/76B | €6,123 | €1,908 | -€4,215 | -68.8% |
| Recurring financial income | 75 | €6,123 | €1,908 | -€4,215 | -68.8% |
| Financial charges | 65/66B | €312 | €10,098 | +€9,786 | +3,137% |
| Recurring financial charges | 65 | €312 | €10,098 | +€9,786 | +3,137% |
| Profit (loss) for the period before taxes | 9903 | -€16,390 | -€29,968 | -€13,579 | -82.8% |
| Profit (loss) for the period | 9904 | -€16,390 | -€29,968 | -€13,579 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,390 | -€29,968 | -€13,579 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.