DUO FINANCE: what changed
What changed
DUO FINANCE
filed annual accounts (NBB)
Net result for the year
-€34,329
2024 · -€95,256+€60,927
Equity
€334,502
2024 · €368,831-€34,329
Cash
€15,149
2024 · €57,018-€41,869
Balance sheet total
€835,999
2024 · €859,370-€23,371
Largest movements
Assets
- Cash -€41,869
down €41,869 (-73.4%), from €57,018 to €15,149
mainly Investment in fixed assets (net) (-€73,424) and Net result for the year (-€34,329)
- Tangible fixed assets +€26,062
up €26,062 (+3.8%), from €692,463 to €718,525
Equity and liabilities
- Profit (loss) carried forward -€34,329
down €34,329 (-103%), from -€33,405 to -€67,734
- Debts after one year +€14,655
up €14,655 (+3.3%), from €440,720 to €455,375
Income statement
- Other operating charges -€50,992
down €50,992 (-98.4%), from €51,832 to €840
- Gross operating margin +€47,387
up €47,387, from -€10,645 to €36,742
- Depreciation +€20,921
up €20,921 (+79.1%), from €26,441 to €47,362
- Financial charges +€7,892
up €7,892 (+75.3%), from €10,486 to €18,378
- Taxes +€5,485
new in 2025: €5,485
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.
Result 2024
-€95,256
Gross operating margin
+€47,387
Depreciation
-€20,921
Other operating charges
+€50,992
Financial income
-€3,153
Financial charges
-€7,892
Taxes
-€5,485
Result 2025
-€34,329
raises the resultlowers the result
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.
From operations
+€14,920
Investment
-€73,424
Financing
+€16,636
Cash 2024
€57,018
From operations (derived)
+€14,920
Net result for the year
-€34,329
Depreciation
+€47,362
Receivables within one year
+€7,502
Smaller working-capital items
+€39
Trade debts
-€5,653
Investment (derived)
-€73,424
Investment in fixed assets (net)
-€73,424
Financing
+€16,636
Debts after one year
+€14,655
Current portion of long-term debt
+€1,981
Cash 2025
€15,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €859,370 | €835,999 | -€23,371 | -2.7% |
| Fixed assets | 21/28 | €692,463 | €718,525 | +€26,062 | +3.8% |
| Tangible fixed assets | 22/27 | €692,463 | €718,525 | +€26,062 | +3.8% |
| Land and buildings | 22 | €692,463 | €718,525 | +€26,062 | +3.8% |
| Current assets | 29/58 | €166,907 | €117,473 | -€49,433 | -29.6% |
| Amounts receivable within one year | 40/41 | €9,043 | €1,542 | -€7,502 | -83.0% |
| Trade receivables | 40 | €217 | - | -€217 | |
| Other amounts receivable | 41 | €8,826 | €1,542 | -€7,284 | -82.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,018 | €15,149 | -€41,869 | -73.4% |
| Deferred charges and accrued income | 490/1 | €846 | €782 | -€63 | -7.5% |
| Total equity and liabilities | 10/49 | €859,370 | €835,999 | -€23,371 | -2.7% |
| Equity | 10/15 | €368,831 | €334,502 | -€34,329 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €389,836 | €389,836 | = | 0.0% |
| Distributable reserves | 133 | €389,836 | €389,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,405 | -€67,734 | -€34,329 | -103% |
| Amounts payable | 17/49 | €490,539 | €501,497 | +€10,958 | +2.2% |
| Amounts payable after more than one year | 17 | €440,720 | €455,375 | +€14,655 | +3.3% |
| Financial debts | 170/4 | €440,720 | €455,375 | +€14,655 | +3.3% |
| Amounts payable within one year | 42/48 | €49,782 | €46,110 | -€3,672 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €42,139 | €44,120 | +€1,981 | +4.7% |
| Trade debts | 44 | €6,291 | €637 | -€5,653 | -89.9% |
| Suppliers | 440/4 | €6,291 | €637 | -€5,653 | -89.9% |
| Other amounts payable | 47/48 | €1,353 | €1,353 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37 | €12 | -€25 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,441 | €47,362 | +€20,921 | +79.1% |
| Other operating charges | 640/8 | €51,832 | €840 | -€50,992 | -98.4% |
| Gross operating margin | 9900 | -€10,645 | €36,742 | +€47,387 | |
| Operating profit (loss) | 9901 | -€88,917 | -€11,460 | +€77,457 | +87.1% |
| Financial income | 75/76B | €4,147 | €993 | -€3,153 | -76.0% |
| Recurring financial income | 75 | €4,147 | €993 | -€3,153 | -76.0% |
| Financial charges | 65/66B | €10,486 | €18,378 | +€7,892 | +75.3% |
| Recurring financial charges | 65 | €10,486 | €18,378 | +€7,892 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | -€95,256 | -€28,845 | +€66,412 | +69.7% |
| Income taxes | 67/77 | - | €5,485 | +€5,485 | |
| Profit (loss) for the period | 9904 | -€95,256 | -€34,329 | +€60,927 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,256 | -€34,329 | +€60,927 | +64.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.