Duo Holding: 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.
"Duo Holding"
Largest movements
- Receivables within one year -€681,266
down €681,266 (-88.9%), from €766,093 to €84,827
of which Other amounts receivable: -€681,266
- Current investments +€296,552
new in 2025: €296,552
- Cash +€61,386
up €61,386 (+11.5%), from €535,129 to €596,515
mainly Net result for the year (+€895,451) and Receivables within one year (+€681,266)
- Reserves -€569,747
no longer reported in 2025 (was €569,747)
- Other debts +€346,718
up €346,718 (+27.5%), from €1.3m to €1.6m
- Debts after one year -€153,086
down €153,086 (-27.7%), from €553,086 to €400,000
- Tax, wage and social debts +€114,577
up €114,577 (+516%), from €22,199 to €136,776
- Current portion of long-term debt -€49,317
down €49,317 (-24.4%), from €202,403 to €153,086
- Gross operating margin -€582,061
down €582,061 (-37.4%), from €1.6m to €972,342
- Taxes -€17,380
down €17,380 (-24.0%), from €72,474 to €55,094
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.
Derived cash bridge
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 | €2,701,972 | €2,378,702 | -€323,269 | -12.0% |
| Fixed assets | 21/28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €1,301,972 | €978,702 | -€323,269 | -24.8% |
| Amounts receivable within one year | 40/41 | €766,093 | €84,827 | -€681,266 | -88.9% |
| Trade receivables | 40 | €84,700 | €84,700 | = | 0.0% |
| Other amounts receivable | 41 | €681,393 | €127 | -€681,266 | -100.0% |
| Current investments | 50/53 | - | €296,552 | +€296,552 | |
| Cash at bank and in hand | 54/58 | €535,129 | €596,515 | +€61,386 | +11.5% |
| Deferred charges and accrued income | 490/1 | €749 | €808 | +€59 | +7.8% |
| Total equity and liabilities | 10/49 | €2,701,972 | €2,378,702 | -€323,269 | -12.0% |
| Equity | 10/15 | €589,747 | €20,000 | -€569,747 | -96.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €569,747 | - | -€569,747 | |
| Distributable reserves | 133 | €569,747 | - | -€569,747 | |
| Amounts payable | 17/49 | €2,112,225 | €2,358,702 | +€246,477 | +11.7% |
| Amounts payable after more than one year | 17 | €553,086 | €400,000 | -€153,086 | -27.7% |
| Financial debts | 170/4 | €553,086 | €400,000 | -€153,086 | -27.7% |
| Amounts payable within one year | 42/48 | €1,548,023 | €1,947,938 | +€399,914 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €202,403 | €153,086 | -€49,317 | -24.4% |
| Financial debts | 43 | €24,792 | €24,444 | -€348 | -1.4% |
| Credit institutions | 430/8 | €24,792 | €24,444 | -€348 | -1.4% |
| Trade debts | 44 | €36,629 | €24,913 | -€11,716 | -32.0% |
| Suppliers | 440/4 | €36,629 | €24,913 | -€11,716 | -32.0% |
| Taxes, remuneration and social security | 45 | €22,199 | €136,776 | +€114,577 | +516% |
| Taxes | 450/3 | €22,199 | €136,776 | +€114,577 | +516% |
| Other amounts payable | 47/48 | €1,262,000 | €1,608,718 | +€346,718 | +27.5% |
| Accrued charges and deferred income | 492/3 | €11,116 | €10,765 | -€351 | -3.2% |
| Other operating charges | 640/8 | €1,055 | €1,088 | +€33 | +3.1% |
| Non-recurring operating charges | 66A | - | €2,731 | +€2,731 | |
| Gross operating margin | 9900 | €1,554,403 | €972,342 | -€582,061 | -37.4% |
| Operating profit (loss) | 9901 | €1,553,347 | €968,523 | -€584,825 | -37.6% |
| Financial income | 75/76B | €4,714 | €3,323 | -€1,391 | -29.5% |
| Recurring financial income | 75 | €4,714 | €3,323 | -€1,391 | -29.5% |
| Financial charges | 65/66B | €22,408 | €21,300 | -€1,108 | -4.9% |
| Recurring financial charges | 65 | €22,408 | €21,300 | -€1,108 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,535,653 | €950,545 | -€585,108 | -38.1% |
| Income taxes | 67/77 | €72,474 | €55,094 | -€17,380 | -24.0% |
| Profit (loss) for the period | 9904 | €1,463,179 | €895,451 | -€567,728 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,463,179 | €895,451 | -€567,728 | -38.8% |
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 26 October 2026 via checked.be.