DUODENT: 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.
DUODENT
Largest movements
- Cash +€219,456
up €219,456 (+76.8%), from €285,627 to €505,083
mainly Current investments (+€177,456) and Net result for the year (+€149,876)
- Current investments -€177,456
down €177,456 (-27.0%), from €656,050 to €478,594
- Tangible fixed assets -€18,331
down €18,331 (-19.3%), from €94,767 to €76,436
of which Land and buildings: -€11,459
- Reserves +€149,876
up €149,876 (+21.2%), from €706,855 to €856,731
of which Distributable reserves: +€149,876
- Other debts -€124,918
down €124,918 (-48.5%), from €257,682 to €132,764
- Gross operating margin +€17,538
up €17,538 (+8.2%), from €215,138 to €232,677
- Financial income +€11,276
up €11,276 (+91.4%), from €12,331 to €23,607
- Financial charges +€5,961
up €5,961 (+60.9%), from €9,787 to €15,748
- Taxes +€4,620
up €4,620 (+7.8%), from €58,893 to €63,513
- Depreciation +€4,341
up €4,341 (+31.0%), from €13,989 to €18,331
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,836 | €1,069,450 | +€23,613 | +2.3% |
| Fixed assets | 21/28 | €94,842 | €76,511 | -€18,331 | -19.3% |
| Tangible fixed assets | 22/27 | €94,767 | €76,436 | -€18,331 | -19.3% |
| Land and buildings | 22 | €66,864 | €55,405 | -€11,459 | -17.1% |
| Plant, machinery and equipment | 23 | €24,124 | €18,774 | -€5,349 | -22.2% |
| Furniture and vehicles | 24 | €3,780 | €2,257 | -€1,523 | -40.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €950,995 | €992,939 | +€41,944 | +4.4% |
| Amounts receivable within one year | 40/41 | €2,856 | €3,166 | +€310 | +10.9% |
| Trade receivables | 40 | €2,304 | €2,411 | +€108 | +4.7% |
| Other amounts receivable | 41 | €552 | €755 | +€203 | +36.7% |
| Current investments | 50/53 | €656,050 | €478,594 | -€177,456 | -27.0% |
| Cash at bank and in hand | 54/58 | €285,627 | €505,083 | +€219,456 | +76.8% |
| Deferred charges and accrued income | 490/1 | €6,462 | €6,096 | -€366 | -5.7% |
| Total equity and liabilities | 10/49 | €1,045,836 | €1,069,450 | +€23,613 | +2.3% |
| Equity | 10/15 | €769,255 | €919,131 | +€149,876 | +19.5% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €706,855 | €856,731 | +€149,876 | +21.2% |
| Tax-exempt reserves | 132 | €189,450 | €189,450 | = | 0.0% |
| Distributable reserves | 133 | €517,405 | €667,281 | +€149,876 | +29.0% |
| Amounts payable | 17/49 | €276,581 | €150,319 | -€126,263 | -45.7% |
| Amounts payable within one year | 42/48 | €269,286 | €141,127 | -€128,159 | -47.6% |
| Trade debts | 44 | €2,308 | €4,839 | +€2,532 | +109.7% |
| Suppliers | 440/4 | €2,308 | €4,839 | +€2,532 | +109.7% |
| Taxes, remuneration and social security | 45 | €9,296 | €3,523 | -€5,773 | -62.1% |
| Taxes | 450/3 | €8,769 | €3,229 | -€5,540 | -63.2% |
| Remuneration and social security | 454/9 | €527 | €294 | -€233 | -44.2% |
| Other amounts payable | 47/48 | €257,682 | €132,764 | -€124,918 | -48.5% |
| Accrued charges and deferred income | 492/3 | €7,296 | €9,192 | +€1,896 | +26.0% |
| Remuneration, social security and pensions | 62 | €4,344 | €4,519 | +€175 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,989 | €18,331 | +€4,341 | +31.0% |
| Other operating charges | 640/8 | €4,151 | €4,297 | +€146 | +3.5% |
| Gross operating margin | 9900 | €215,138 | €232,677 | +€17,538 | +8.2% |
| Operating profit (loss) | 9901 | €192,655 | €205,530 | +€12,875 | +6.7% |
| Financial income | 75/76B | €12,331 | €23,607 | +€11,276 | +91.4% |
| Recurring financial income | 75 | €12,331 | €23,607 | +€11,276 | +91.4% |
| Financial charges | 65/66B | €9,787 | €15,748 | +€5,961 | +60.9% |
| Recurring financial charges | 65 | €9,787 | €15,748 | +€5,961 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €195,198 | €213,389 | +€18,191 | +9.3% |
| Income taxes | 67/77 | €58,893 | €63,513 | +€4,620 | +7.8% |
| Profit (loss) for the period | 9904 | €136,305 | €149,876 | +€13,571 | +10.0% |
| Transfer from tax-exempt reserves | 789 | €92,560 | - | -€92,560 | |
| Transfer to tax-exempt reserves | 689 | €67,360 | - | -€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €161,505 | €149,876 | -€11,629 | -7.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.