Dune Retail: what changed
Two financial 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.
Dune Retail
Largest movements
- Receivables within one year -€53,072
down €53,072 (-71.5%), from €74,232 to €21,160
of which Trade receivables: -€26,574
- Cash -€46,196
down €46,196 (-35.3%), from €130,734 to €84,538
mainly Debts after one year (-€116,630) and Contributions, distributions and other (-€68,785)
- Stocks and contracts +€26,535
up €26,535 (+34.1%), from €77,779 to €104,315
- Deferred charges and accrued income +€21,916
up €21,916 (+1659.4%), from €1,321 to €23,237
- Intangible fixed assets -€18,500
down €18,500 (-13.9%), from €132,768 to €114,268
- Debts after one year -€116,630
down €116,630 (-51.8%), from €225,056 to €108,426
of which Trade debts: -€59,090
- Trade debts +€98,911
up €98,911 (+153.7%), from €64,360 to €163,271
- Other debts -€62,385
down €62,385 (-47.6%), from €131,170 to €68,785
- Tax, wage and social debts -€27,980
down €27,980 (-75.9%), from €36,864 to €8,884
of which Taxes: -€21,240
- Accrued charges and deferred income +€14,071
new in 2025: €14,071
- Gross operating margin -€48,235
down €48,235 (-16.4%), from €294,382 to €246,147
- Taxes -€14,085
down €14,085 (-37.6%), from €37,423 to €23,338
- Financial charges -€5,280
down €5,280 (-20.3%), from €25,991 to €20,712
- Depreciation +€3,746
up €3,746 (+6.8%), from €54,997 to €58,743
- Staff costs -€3,114
down €3,114 (-3.8%), from €81,333 to €78,218
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 | €628,600 | €542,681 | -€85,919 | -13.7% |
| Formation expenses | 20 | €3,930 | €2,199 | -€1,731 | -44.0% |
| Fixed assets | 21/28 | €340,604 | €307,233 | -€33,371 | -9.8% |
| Intangible fixed assets | 21 | €132,768 | €114,268 | -€18,500 | -13.9% |
| Tangible fixed assets | 22/27 | €207,836 | €192,965 | -€14,871 | -7.2% |
| Plant, machinery and equipment | 23 | €50,287 | €50,304 | +€17 | 0.0% |
| Other tangible fixed assets | 26 | €157,550 | €142,661 | -€14,888 | -9.4% |
| Current assets | 29/58 | €284,065 | €233,249 | -€50,817 | -17.9% |
| Stocks and contracts in progress | 3 | €77,779 | €104,315 | +€26,535 | +34.1% |
| Stocks | 30/36 | €77,779 | €104,315 | +€26,535 | +34.1% |
| Amounts receivable within one year | 40/41 | €74,232 | €21,160 | -€53,072 | -71.5% |
| Trade receivables | 40 | €27,941 | €1,367 | -€26,574 | -95.1% |
| Other amounts receivable | 41 | €46,291 | €19,793 | -€26,498 | -57.2% |
| Cash at bank and in hand | 54/58 | €130,734 | €84,538 | -€46,196 | -35.3% |
| Deferred charges and accrued income | 490/1 | €1,321 | €23,237 | +€21,916 | +1659.4% |
| Total equity and liabilities | 10/49 | €628,600 | €542,681 | -€85,919 | -13.7% |
| Equity | 10/15 | €102,483 | €102,483 | = | 0.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,483 | €2,483 | = | 0.0% |
| Distributable reserves | 133 | €2,483 | €2,483 | = | 0.0% |
| Amounts payable | 17/49 | €526,117 | €440,198 | -€85,919 | -16.3% |
| Amounts payable after more than one year | 17 | €225,056 | €108,426 | -€116,630 | -51.8% |
| Financial debts | 170/4 | €165,966 | €108,426 | -€57,540 | -34.7% |
| Trade debts | 175 | €59,090 | - | -€59,090 | |
| Amounts payable within one year | 42/48 | €301,061 | €317,701 | +€16,641 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €68,666 | €64,996 | -€3,670 | -5.3% |
| Financial debts | 43 | - | €11,765 | +€11,765 | |
| Credit institutions | 430/8 | - | €11,765 | +€11,765 | |
| Trade debts | 44 | €64,360 | €163,271 | +€98,911 | +153.7% |
| Suppliers | 440/4 | €64,360 | €163,271 | +€98,911 | +153.7% |
| Taxes, remuneration and social security | 45 | €36,864 | €8,884 | -€27,980 | -75.9% |
| Taxes | 450/3 | €24,091 | €2,851 | -€21,240 | -88.2% |
| Remuneration and social security | 454/9 | €12,774 | €6,033 | -€6,741 | -52.8% |
| Other amounts payable | 47/48 | €131,170 | €68,785 | -€62,385 | -47.6% |
| Accrued charges and deferred income | 492/3 | - | €14,071 | +€14,071 | |
| Remuneration, social security and pensions | 62 | €81,333 | €78,218 | -€3,114 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,997 | €58,743 | +€3,746 | +6.8% |
| Other operating charges | 640/8 | €1,205 | €1,269 | +€64 | +5.3% |
| Gross operating margin | 9900 | €294,382 | €246,147 | -€48,235 | -16.4% |
| Operating profit (loss) | 9901 | €156,847 | €107,917 | -€48,930 | -31.2% |
| Financial income | 75/76B | €5,318 | €4,917 | -€400 | -7.5% |
| Recurring financial income | 75 | €5,318 | €4,917 | -€400 | -7.5% |
| Financial charges | 65/66B | €25,991 | €20,712 | -€5,280 | -20.3% |
| Recurring financial charges | 65 | €25,991 | €20,712 | -€5,280 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €136,174 | €92,123 | -€44,051 | -32.3% |
| Income taxes | 67/77 | €37,423 | €23,338 | -€14,085 | -37.6% |
| Profit (loss) for the period | 9904 | €98,751 | €68,785 | -€29,966 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,751 | €68,785 | -€29,966 | -30.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.