DUO VASTGOED: what changed
DUO VASTGOED
Largest movements
- Cash +€71,796
up €71,796 (+67.2%), from €106,892 to €178,688
mainly Net result for the year (+€94,040) and Receivables within one year (+€39,505)
- Receivables within one year -€39,505
down €39,505 (-76.1%), from €51,919 to €12,415
of which Trade receivables: -€34,505
- Tangible fixed assets +€4,372
up €4,372 (+135%), from €3,251 to €7,623
of which Land and buildings: +€4,799
- Profit (loss) carried forward +€94,040
up €94,040 (+173%), from €54,236 to €148,277
- Trade debts -€40,805
down €40,805 (-99.9%), from €40,834 to €29
- Advances received -€17,257
no longer reported in 2025 (was €17,257)
- Tax, wage and social debts +€13,349
up €13,349 (+64.6%), from €20,666 to €34,015
- Debts after one year -€6,212
down €6,212 (-79.8%), from €7,784 to €1,572
- Gross operating margin +€130,327
up €130,327 (+1,126%), from €11,570 to €141,897
- Taxes +€33,529
up €33,529 (+1,553%), from €2,159 to €35,687
- Staff costs +€7,280
new in 2025: €7,280
- Depreciation +€1,464
up €1,464 (+67.4%), from €2,173 to €3,637
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 | €166,577 | €204,394 | +€37,816 | +22.7% |
| Fixed assets | 21/28 | €7,766 | €12,138 | +€4,372 | +56.3% |
| Tangible fixed assets | 22/27 | €3,251 | €7,623 | +€4,372 | +135% |
| Land and buildings | 22 | - | €4,799 | +€4,799 | |
| Plant, machinery and equipment | 23 | €2,361 | €2,606 | +€245 | +10.4% |
| Furniture and vehicles | 24 | €890 | €218 | -€672 | -75.5% |
| Financial fixed assets | 28 | €4,515 | €4,515 | = | 0.0% |
| Current assets | 29/58 | €158,812 | €192,255 | +€33,444 | +21.1% |
| Amounts receivable within one year | 40/41 | €51,919 | €12,415 | -€39,505 | -76.1% |
| Trade receivables | 40 | €46,919 | €12,415 | -€34,505 | -73.5% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €106,892 | €178,688 | +€71,796 | +67.2% |
| Deferred charges and accrued income | 490/1 | - | €1,152 | +€1,152 | |
| Total equity and liabilities | 10/49 | €166,577 | €204,394 | +€37,816 | +22.7% |
| Equity | 10/15 | €68,525 | €162,565 | +€94,040 | +137% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,289 | €4,289 | = | 0.0% |
| Distributable reserves | 133 | €4,289 | €4,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,236 | €148,277 | +€94,040 | +173% |
| Amounts payable | 17/49 | €98,052 | €41,828 | -€56,224 | -57.3% |
| Amounts payable after more than one year | 17 | €7,784 | €1,572 | -€6,212 | -79.8% |
| Financial debts | 170/4 | €7,784 | €1,572 | -€6,212 | -79.8% |
| Amounts payable within one year | 42/48 | €90,268 | €40,256 | -€50,012 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €6,089 | €6,212 | +€123 | +2.0% |
| Trade debts | 44 | €40,834 | €29 | -€40,805 | -99.9% |
| Suppliers | 440/4 | €40,834 | €29 | -€40,805 | -99.9% |
| Advances received on contracts in progress | 46 | €17,257 | - | -€17,257 | |
| Taxes, remuneration and social security | 45 | €20,666 | €34,015 | +€13,349 | +64.6% |
| Taxes | 450/3 | €20,666 | €34,015 | +€13,349 | +64.6% |
| Other amounts payable | 47/48 | €5,422 | - | -€5,422 | |
| Remuneration, social security and pensions | 62 | - | €7,280 | +€7,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €3,637 | +€1,464 | +67.4% |
| Other operating charges | 640/8 | €62 | €420 | +€358 | +577% |
| Gross operating margin | 9900 | €11,570 | €141,897 | +€130,327 | +1,126% |
| Operating profit (loss) | 9901 | €9,336 | €130,561 | +€121,225 | +1,299% |
| Financial income | 75/76B | €0 | €15 | +€15 | +6,016% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +6,016% |
| Financial charges | 65/66B | €884 | €849 | -€36 | -4.1% |
| Recurring financial charges | 65 | €884 | €849 | -€36 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €8,452 | €129,728 | +€121,276 | +1,435% |
| Income taxes | 67/77 | €2,159 | €35,687 | +€33,529 | +1,553% |
| Profit (loss) for the period | 9904 | €6,293 | €94,040 | +€87,747 | +1,394% |
| Profit (loss) for the period to be appropriated | 9905 | €6,293 | €94,040 | +€87,747 | +1,394% |
Next steps
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 3 November 2026 via checked.be.