DUO-GEST: 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
DUO-GEST
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€50,584
2024 · €30,545+€20,039
Equity
€2.3m
2024 · €2.2m+€50,584
Cash
€2,392
2024 · €3,174-€783
Balance sheet total
€3.3m
2024 · €3.3m-€20,454
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€62,366
down €62,366 (-25.9%), from €240,428 to €178,062
- Profit (loss) carried forward +€50,584
up €50,584 (+2.5%), from €2.0m to €2.1m
Income statement
- Gross operating margin +€16,492
up €16,492 (+29.5%), from €55,858 to €72,351
- Financial charges -€3,401
down €3,401 (-36.4%), from €9,346 to €5,945
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.
Result 2024
€30,545
Gross operating margin
+€16,492
Other operating charges
+€138
Financial income
+€8
Financial charges
+€3,401
Taxes
+€0
Result 2025
€50,584
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.
From operations
+€60,498
Investment
€0
Financing
-€61,281
Cash 2024
€3,174
From operations (derived)
+€60,498
Net result for the year
+€50,584
Depreciation
+€11,916
Receivables within one year
+€7,151
Deferred charges and accrued income
+€604
Trade debts
-€210
Tax, wage and social debts
-€5,152
Advances received
-€7,260
Other debts
+€2,865
Financing
-€61,281
Debts after one year
-€62,366
Current portion of long-term debt
+€1,085
Cash 2025
€2,392
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,303,502 | €3,283,048 | -€20,454 | -0.6% |
| Fixed assets | 21/28 | €3,244,812 | €3,232,896 | -€11,916 | -0.4% |
| Tangible fixed assets | 22/27 | €154,081 | €142,165 | -€11,916 | -7.7% |
| Land and buildings | 22 | €154,081 | €142,165 | -€11,916 | -7.7% |
| Financial fixed assets | 28 | €3,090,731 | €3,090,731 | = | 0.0% |
| Current assets | 29/58 | €58,689 | €50,152 | -€8,537 | -14.5% |
| Amounts receivable within one year | 40/41 | €54,911 | €47,760 | -€7,151 | -13.0% |
| Trade receivables | 40 | €3,200 | €12,500 | +€9,300 | +290.6% |
| Other amounts receivable | 41 | €51,711 | €35,260 | -€16,451 | -31.8% |
| Cash at bank and in hand | 54/58 | €3,174 | €2,392 | -€783 | -24.7% |
| Deferred charges and accrued income | 490/1 | €604 | - | -€604 | |
| Total equity and liabilities | 10/49 | €3,303,502 | €3,283,048 | -€20,454 | -0.6% |
| Equity | 10/15 | €2,220,932 | €2,271,516 | +€50,584 | +2.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,000,932 | €2,051,516 | +€50,584 | +2.5% |
| Amounts payable | 17/49 | €1,082,570 | €1,011,532 | -€71,038 | -6.6% |
| Amounts payable after more than one year | 17 | €240,428 | €178,062 | -€62,366 | -25.9% |
| Financial debts | 170/4 | €240,428 | €178,062 | -€62,366 | -25.9% |
| Amounts payable within one year | 42/48 | €842,142 | €833,470 | -€8,672 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €61,281 | €62,366 | +€1,085 | +1.8% |
| Trade debts | 44 | €3,664 | €3,454 | -€210 | -5.7% |
| Suppliers | 440/4 | €3,664 | €3,454 | -€210 | -5.7% |
| Advances received on contracts in progress | 46 | €7,260 | - | -€7,260 | |
| Taxes, remuneration and social security | 45 | €10,054 | €4,901 | -€5,152 | -51.2% |
| Taxes | 450/3 | €10,054 | €4,901 | -€5,152 | -51.2% |
| Other amounts payable | 47/48 | €759,884 | €762,749 | +€2,865 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,916 | €11,916 | = | 0.0% |
| Other operating charges | 640/8 | €4,051 | €3,913 | -€138 | -3.4% |
| Gross operating margin | 9900 | €55,858 | €72,351 | +€16,492 | +29.5% |
| Operating profit (loss) | 9901 | €39,891 | €56,521 | +€16,631 | +41.7% |
| Financial income | 75/76B | €1 | €8 | +€8 | +1315.3% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +1315.3% |
| Financial charges | 65/66B | €9,346 | €5,945 | -€3,401 | -36.4% |
| Recurring financial charges | 65 | €9,346 | €5,945 | -€3,401 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €30,545 | €50,584 | +€20,039 | +65.6% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €30,545 | €50,584 | +€20,039 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,545 | €50,584 | +€20,039 | +65.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.