DUMAN: 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.
DUMAN
Largest movements
- Receivables within one year -€63,687
down €63,687 (-44.9%), from €141,904 to €78,217
- Tangible fixed assets -€16,330
down €16,330 (-1.2%), from €1.3m to €1.3m
- Profit (loss) carried forward -€47,560
down €47,560 (-17.7%), from -€268,682 to -€316,243
- Debts after one year -€25,699
down €25,699 (-5.7%), from €449,434 to €423,734
of which Financial debts: -€25,699
- Gross operating margin -€62,039
down €62,039, from €56,467 to -€5,572
- Financial income -€3,463
down €3,463 (-42.5%), from €8,150 to €4,687
- Financial charges -€1,877
down €1,877 (-6.0%), from €31,230 to €29,353
- Taxes -€1,168
down €1,168 (-57.0%), from €2,048 to €880
- Other operating charges -€646
down €646 (-85.2%), from €758 to €112
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 | €1,478,470 | €1,397,757 | -€80,712 | -5.5% |
| Fixed assets | 21/28 | €1,333,423 | €1,317,093 | -€16,330 | -1.2% |
| Tangible fixed assets | 22/27 | €1,333,423 | €1,317,093 | -€16,330 | -1.2% |
| Land and buildings | 22 | €1,333,423 | €1,317,093 | -€16,330 | -1.2% |
| Current assets | 29/58 | €145,046 | €80,664 | -€64,382 | -44.4% |
| Amounts receivable within one year | 40/41 | €141,904 | €78,217 | -€63,687 | -44.9% |
| Other amounts receivable | 41 | €141,904 | €78,217 | -€63,687 | -44.9% |
| Cash at bank and in hand | 54/58 | €756 | €61 | -€695 | -91.9% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,387 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,478,470 | €1,397,757 | -€80,712 | -5.5% |
| Equity | 10/15 | €971,004 | €923,444 | -€47,560 | -4.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €1,102,146 | €1,102,146 | = | 0.0% |
| Reserves | 13 | €75,568 | €75,568 | = | 0.0% |
| Distributable reserves | 133 | €75,568 | €75,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,682 | -€316,243 | -€47,560 | -17.7% |
| Amounts payable | 17/49 | €507,465 | €474,313 | -€33,152 | -6.5% |
| Amounts payable after more than one year | 17 | €449,434 | €423,734 | -€25,699 | -5.7% |
| Financial debts | 170/4 | €446,323 | €420,624 | -€25,699 | -5.8% |
| Other amounts payable | 178/9 | €3,110 | €3,110 | = | 0.0% |
| Amounts payable within one year | 42/48 | €58,031 | €50,579 | -€7,453 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €32,073 | €33,559 | +€1,486 | +4.6% |
| Trade debts | 44 | €12,096 | €3,158 | -€8,939 | -73.9% |
| Suppliers | 440/4 | €12,096 | €3,158 | -€8,939 | -73.9% |
| Taxes, remuneration and social security | 45 | €1,694 | €1,694 | = | 0.0% |
| Taxes | 450/3 | €1,694 | €1,694 | = | 0.0% |
| Other amounts payable | 47/48 | €12,168 | €12,168 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,330 | €16,330 | = | 0.0% |
| Other operating charges | 640/8 | €758 | €112 | -€646 | -85.2% |
| Gross operating margin | 9900 | €56,467 | -€5,572 | -€62,039 | |
| Operating profit (loss) | 9901 | €39,379 | -€22,014 | -€61,393 | |
| Financial income | 75/76B | €8,150 | €4,687 | -€3,463 | -42.5% |
| Recurring financial income | 75 | €8,150 | €4,687 | -€3,463 | -42.5% |
| Financial charges | 65/66B | €31,230 | €29,353 | -€1,877 | -6.0% |
| Recurring financial charges | 65 | €31,230 | €29,353 | -€1,877 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €16,299 | -€46,681 | -€62,979 | |
| Income taxes | 67/77 | €2,048 | €880 | -€1,168 | -57.0% |
| Profit (loss) for the period | 9904 | €14,251 | -€47,560 | -€61,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,251 | -€47,560 | -€61,811 |
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 5 October 2026 via checked.be.