DUNAVEST: 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.
DUNAVEST
Largest movements
- Tangible fixed assets -€66,903
down €66,903 (-3.0%), from €2.2m to €2.2m
- Accrued charges and deferred income +€526,962
new in 2025: €526,962
- Short-term financial debts -€500,000
down €500,000 (-50.0%), from €1.0m to €500,000
- Other debts -€124,500
down €124,500 (-11.6%), from €1.1m to €948,332
- Profit (loss) carried forward +€46,911
up €46,911 (+117.7%), from €39,863 to €86,774
- Tax, wage and social debts -€25,492
down €25,492 (-55.7%), from €45,776 to €20,284
- Financial charges -€30,041
down €30,041 (-40.2%), from €74,756 to €44,715
- Gross operating margin -€13,550
down €13,550 (-7.0%), from €194,376 to €180,825
- Taxes +€5,657
up €5,657 (+47.5%), from €11,914 to €17,571
- Other operating charges +€1,951
up €1,951 (+70.3%), from €2,775 to €4,726
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 | €2,246,359 | €2,172,207 | -€74,152 | -3.3% |
| Fixed assets | 21/28 | €2,221,800 | €2,154,896 | -€66,903 | -3.0% |
| Tangible fixed assets | 22/27 | €2,221,800 | €2,154,896 | -€66,903 | -3.0% |
| Land and buildings | 22 | €2,221,800 | €2,154,896 | -€66,903 | -3.0% |
| Current assets | 29/58 | €24,559 | €17,310 | -€7,249 | -29.5% |
| Amounts receivable within one year | 40/41 | - | €12 | +€12 | |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €24,559 | €17,298 | -€7,261 | -29.6% |
| Total equity and liabilities | 10/49 | €2,246,359 | €2,172,207 | -€74,152 | -3.3% |
| Equity | 10/15 | €127,233 | €174,144 | +€46,911 | +36.9% |
| Contributions | 10/11 | €79,427 | €79,427 | = | 0.0% |
| Capital | 10 | €79,427 | €79,427 | = | 0.0% |
| Issued capital | 100 | €79,427 | €79,427 | = | 0.0% |
| Reserves | 13 | €7,943 | €7,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,943 | €7,943 | = | 0.0% |
| Legal reserve | 130 | €7,943 | €7,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,863 | €86,774 | +€46,911 | +117.7% |
| Amounts payable | 17/49 | €2,119,125 | €1,998,063 | -€121,062 | -5.7% |
| Amounts payable within one year | 42/48 | €2,119,125 | €1,471,101 | -€648,024 | -30.6% |
| Financial debts | 43 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Credit institutions | 430/8 | €1,000,000 | €500,000 | -€500,000 | -50.0% |
| Trade debts | 44 | €517 | €2,485 | +€1,968 | +380.4% |
| Suppliers | 440/4 | €517 | €2,485 | +€1,968 | +380.4% |
| Taxes, remuneration and social security | 45 | €45,776 | €20,284 | -€25,492 | -55.7% |
| Taxes | 450/3 | €45,776 | €20,284 | -€25,492 | -55.7% |
| Other amounts payable | 47/48 | €1,072,832 | €948,332 | -€124,500 | -11.6% |
| Accrued charges and deferred income | 492/3 | - | €526,962 | +€526,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,903 | €66,903 | = | 0.0% |
| Other operating charges | 640/8 | €2,775 | €4,726 | +€1,951 | +70.3% |
| Gross operating margin | 9900 | €194,376 | €180,825 | -€13,550 | -7.0% |
| Operating profit (loss) | 9901 | €124,698 | €109,196 | -€15,501 | -12.4% |
| Financial charges | 65/66B | €74,756 | €44,715 | -€30,041 | -40.2% |
| Recurring financial charges | 65 | €74,756 | €44,715 | -€30,041 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €49,942 | €64,482 | +€14,540 | +29.1% |
| Income taxes | 67/77 | €11,914 | €17,571 | +€5,657 | +47.5% |
| Profit (loss) for the period | 9904 | €38,028 | €46,911 | +€8,883 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,028 | €46,911 | +€8,883 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.