Duma: 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.
Duma
Largest movements
- Cash -€39,744
down €39,744 (-20.5%), from €193,975 to €154,231
mainly Tax, wage and social debts (-€45,403) and Other debts (-€38,394)
- Receivables within one year +€20,280
up €20,280 (+3.2%), from €632,663 to €652,942
of which Other amounts receivable: +€20,190
- Reserves +€52,883
up €52,883 (+6.4%), from €831,661 to €884,544
of which Distributable reserves: +€75,145
- Tax, wage and social debts -€45,403
down €45,403 (-83.1%), from €54,614 to €9,211
of which Taxes: -€45,091
- Other debts -€38,394
down €38,394 (-6.1%), from €630,603 to €592,209
- Financial income +€76,254
up €76,254 (+17490.2%), from €436 to €76,690
- Taxes +€8,183
up €8,183 (+552.7%), from €1,481 to €9,664
- Gross operating margin +€3,226
up €3,226, from -€1,867 to €1,359
- Other operating charges +€122
up €122 (+3.0%), from €4,120 to €4,242
- Financial charges -€22
down €22 (-32.6%), from €67 to €45
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 | €1,659,120 | €1,625,887 | -€33,233 | -2.0% |
| Fixed assets | 21/28 | €831,121 | €817,335 | -€13,786 | -1.7% |
| Tangible fixed assets | 22/27 | €243,959 | €230,173 | -€13,786 | -5.7% |
| Land and buildings | 22 | €243,959 | €230,173 | -€13,786 | -5.7% |
| Financial fixed assets | 28 | €587,162 | €587,162 | = | 0.0% |
| Current assets | 29/58 | €827,999 | €808,552 | -€19,447 | -2.3% |
| Amounts receivable within one year | 40/41 | €632,663 | €652,942 | +€20,280 | +3.2% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €632,663 | €652,852 | +€20,190 | +3.2% |
| Cash at bank and in hand | 54/58 | €193,975 | €154,231 | -€39,744 | -20.5% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,379 | +€17 | +1.3% |
| Total equity and liabilities | 10/49 | €1,659,120 | €1,625,887 | -€33,233 | -2.0% |
| Equity | 10/15 | €930,911 | €983,794 | +€52,883 | +5.7% |
| Contributions | 10/11 | €99,250 | €99,250 | = | 0.0% |
| Capital | 10 | €99,250 | €99,250 | = | 0.0% |
| Issued capital | 100 | €99,250 | €99,250 | = | 0.0% |
| Reserves | 13 | €831,661 | €884,544 | +€52,883 | +6.4% |
| Non-distributable reserves | 130/1 | €9,925 | €9,925 | = | 0.0% |
| Legal reserve | 130 | €9,925 | €9,925 | = | 0.0% |
| Tax-exempt reserves | 132 | €218,191 | €195,929 | -€22,262 | -10.2% |
| Distributable reserves | 133 | €603,545 | €678,690 | +€75,145 | +12.5% |
| Provisions and deferred taxes | 16 | €41,214 | €38,643 | -€2,571 | -6.2% |
| Deferred taxes | 168 | €41,214 | €38,643 | -€2,571 | -6.2% |
| Amounts payable | 17/49 | €686,995 | €603,450 | -€83,545 | -12.2% |
| Amounts payable within one year | 42/48 | €685,747 | €601,579 | -€84,169 | -12.3% |
| Trade debts | 44 | €530 | €159 | -€371 | -70.0% |
| Suppliers | 440/4 | €530 | €159 | -€371 | -70.0% |
| Taxes, remuneration and social security | 45 | €54,614 | €9,211 | -€45,403 | -83.1% |
| Taxes | 450/3 | €53,301 | €8,211 | -€45,091 | -84.6% |
| Remuneration and social security | 454/9 | €1,313 | €1,000 | -€313 | -23.8% |
| Other amounts payable | 47/48 | €630,603 | €592,209 | -€38,394 | -6.1% |
| Accrued charges and deferred income | 492/3 | €1,248 | €1,872 | +€624 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,786 | €13,786 | = | 0.0% |
| Other operating charges | 640/8 | €4,120 | €4,242 | +€122 | +3.0% |
| Gross operating margin | 9900 | -€1,867 | €1,359 | +€3,226 | |
| Operating profit (loss) | 9901 | -€19,774 | -€16,669 | +€3,104 | +15.7% |
| Financial income | 75/76B | €436 | €76,690 | +€76,254 | +17490.2% |
| Recurring financial income | 75 | €436 | €76,690 | +€76,254 | +17490.2% |
| Financial charges | 65/66B | €67 | €45 | -€22 | -32.6% |
| Recurring financial charges | 65 | €67 | €45 | -€22 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,404 | €59,976 | +€79,380 | |
| Transfer from deferred taxes | 780 | €2,571 | €2,571 | = | 0.0% |
| Income taxes | 67/77 | €1,481 | €9,664 | +€8,183 | +552.7% |
| Profit (loss) for the period | 9904 | -€18,314 | €52,883 | +€71,197 | |
| Transfer from tax-exempt reserves | 789 | €22,262 | €22,262 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,948 | €75,145 | +€71,197 | +1803.2% |
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 7 October 2026 via checked.be.