Dune de l'Ours: what changed
Dune de l'Ours
Largest movements
- Current investments +€105,508
up €105,508 (+46.4%), from €227,575 to €333,084
- Cash -€31,314
down €31,314 (-38.5%), from €81,319 to €50,005
mainly Current investments (-€105,508) and Tax, wage and social debts (-€25,521)
- Receivables within one year -€9,454
down €9,454 (-98.4%), from €9,610 to €156
of which Trade receivables: -€9,350
- Reserves +€91,051
up €91,051 (+36.1%), from €252,116 to €343,167
- Tax, wage and social debts -€25,521
down €25,521 (-41.1%), from €62,061 to €36,540
- Gross operating margin -€71,569
down €71,569 (-37.2%), from €192,297 to €120,728
- Taxes -€21,789
down €21,789 (-37.3%), from €58,346 to €36,557
- Financial income +€3,525
up €3,525 (+75.5%), from €4,671 to €8,196
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,244 | €389,132 | +€68,888 | +21.5% |
| Fixed assets | 21/28 | €1,700 | €3,005 | +€1,305 | +76.8% |
| Tangible fixed assets | 22/27 | €1,700 | €3,005 | +€1,305 | +76.8% |
| Furniture and vehicles | 24 | €1,700 | €3,005 | +€1,305 | +76.8% |
| Current assets | 29/58 | €318,544 | €386,127 | +€67,583 | +21.2% |
| Amounts receivable within one year | 40/41 | €9,610 | €156 | -€9,454 | -98.4% |
| Trade receivables | 40 | €9,500 | €150 | -€9,350 | -98.4% |
| Other amounts receivable | 41 | €110 | €6 | -€104 | -94.4% |
| Current investments | 50/53 | €227,575 | €333,084 | +€105,508 | +46.4% |
| Cash at bank and in hand | 54/58 | €81,319 | €50,005 | -€31,314 | -38.5% |
| Deferred charges and accrued income | 490/1 | €39 | €2,882 | +€2,843 | +7,202% |
| Total equity and liabilities | 10/49 | €320,244 | €389,132 | +€68,888 | +21.5% |
| Equity | 10/15 | €255,116 | €346,167 | +€91,051 | +35.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €252,116 | €343,167 | +€91,051 | +36.1% |
| Distributable reserves | 133 | €252,116 | €343,167 | +€91,051 | +36.1% |
| Amounts payable | 17/49 | €65,127 | €42,965 | -€22,163 | -34.0% |
| Amounts payable within one year | 42/48 | €62,061 | €37,799 | -€24,262 | -39.1% |
| Trade debts | 44 | - | €1,231 | +€1,231 | |
| Suppliers | 440/4 | - | €1,231 | +€1,231 | |
| Taxes, remuneration and social security | 45 | €62,061 | €36,540 | -€25,521 | -41.1% |
| Taxes | 450/3 | €62,061 | €36,540 | -€25,521 | -41.1% |
| Other amounts payable | 47/48 | - | €28 | +€28 | |
| Accrued charges and deferred income | 492/3 | €3,066 | €5,165 | +€2,100 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €360 | +€360 | |
| Other operating charges | 640/8 | - | €551 | +€551 | |
| Gross operating margin | 9900 | €192,297 | €120,728 | -€71,569 | -37.2% |
| Operating profit (loss) | 9901 | €192,297 | €119,817 | -€72,480 | -37.7% |
| Financial income | 75/76B | €4,671 | €8,196 | +€3,525 | +75.5% |
| Recurring financial income | 75 | €4,671 | €8,196 | +€3,525 | +75.5% |
| Financial charges | 65/66B | €65 | €406 | +€341 | +525% |
| Recurring financial charges | 65 | €65 | €406 | +€341 | +525% |
| Profit (loss) for the period before taxes | 9903 | €196,904 | €127,608 | -€69,296 | -35.2% |
| Income taxes | 67/77 | €58,346 | €36,557 | -€21,789 | -37.3% |
| Profit (loss) for the period | 9904 | €138,557 | €91,051 | -€47,507 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,557 | €91,051 | -€47,507 | -34.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.