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DUNE: 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.

What changed

DUNE

BE 0449.794.245
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€29,610
2024 · -€25,599-€4,011
Equity
€97,707
2024 · €127,317-€29,610
Cash
€172
2024 · €264-€92
Balance sheet total
€327,645
2024 · €348,068-€20,423

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€20,298

    down €20,298 (-5.9%), from €346,939 to €326,641

Equity and liabilities
  • Profit (loss) carried forward -€29,610

    down €29,610 (-14.2%), from -€208,243 to -€237,854

  • Other debts +€17,000

    up €17,000 (+11.7%), from €145,000 to €162,000

  • Accrued charges and deferred income -€7,921

    down €7,921 (-10.5%), from €75,676 to €67,755

Income statement
  • Financial charges +€3,387

    up €3,387 (+43.0%), from €7,877 to €11,264

  • Gross operating margin -€1,238

    down €1,238 (-17.7%), from €6,994 to €5,756

  • Depreciation -€938

    down €938 (-4.4%), from €21,236 to €20,298

  • Other operating charges +€182

    up €182 (+5.0%), from €3,622 to €3,804

  • Financial income -€141

    no longer reported in 2025 (was €141)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€25,599
Gross operating margin -€1,238
Depreciation +€938
Other operating charges -€182
Financial income -€141
Financial charges -€3,387
Result 2025 -€29,610

Cash bridge derived

cash 2024 to 2025

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.

From operations -€92
Investment €0
Financing €0
Cash 2024 €264
Net result for the year -€29,610
Depreciation +€20,298
Smaller working-capital items +€32
Trade debts +€108
Other debts +€17,000
Accrued charges and deferred income -€7,921
Cash 2025 €172
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €348,068 €327,645 -€20,423 -5.9%
Fixed assets 21/28 €346,939 €326,641 -€20,298 -5.9%
Tangible fixed assets 22/27 €346,939 €326,641 -€20,298 -5.9%
Land and buildings 22 €346,939 €326,641 -€20,298 -5.9%
Current assets 29/58 €1,130 €1,005 -€125 -11.0%
Amounts receivable within one year 40/41 €75 €36 -€39 -51.6%
Other amounts receivable 41 €75 €36 -€39 -51.6%
Cash at bank and in hand 54/58 €264 €172 -€92 -34.9%
Deferred charges and accrued income 490/1 €791 €797 +€6 +0.8%
Total equity and liabilities 10/49 €348,068 €327,645 -€20,423 -5.9%
Equity 10/15 €127,317 €97,707 -€29,610 -23.3%
Contributions 10/11 €100,000 €100,000 = 0.0%
Capital 10 €100,000 €100,000 = 0.0%
Issued capital 100 €100,000 €100,000 = 0.0%
Revaluation surpluses 12 €225,561 €225,561 = 0.0%
Reserves 13 €10,000 €10,000 = 0.0%
Non-distributable reserves 130/1 €10,000 €10,000 = 0.0%
Legal reserve 130 €10,000 €10,000 = 0.0%
Profit (loss) carried forward 14 -€208,243 -€237,854 -€29,610 -14.2%
Amounts payable 17/49 €220,751 €229,938 +€9,187 +4.2%
Amounts payable within one year 42/48 €145,075 €162,183 +€17,108 +11.8%
Trade debts 44 €75 €183 +€108 +144.8%
Suppliers 440/4 €75 €183 +€108 +144.8%
Other amounts payable 47/48 €145,000 €162,000 +€17,000 +11.7%
Accrued charges and deferred income 492/3 €75,676 €67,755 -€7,921 -10.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €21,236 €20,298 -€938 -4.4%
Other operating charges 640/8 €3,622 €3,804 +€182 +5.0%
Gross operating margin 9900 €6,994 €5,756 -€1,238 -17.7%
Operating profit (loss) 9901 -€17,864 -€18,346 -€482 -2.7%
Financial income 75/76B €141 - -€141
Recurring financial income 75 €141 - -€141
Financial charges 65/66B €7,877 €11,264 +€3,387 +43.0%
Recurring financial charges 65 €7,877 €11,264 +€3,387 +43.0%
Profit (loss) for the period before taxes 9903 -€25,599 -€29,610 -€4,011 -15.7%
Profit (loss) for the period 9904 -€25,599 -€29,610 -€4,011 -15.7%
Profit (loss) for the period to be appropriated 9905 -€25,599 -€29,610 -€4,011 -15.7%

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 28 September 2026 via checked.be.