Duodev Management: 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.
Duodev Management
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+146.8%), from €719,930 to €1.8m
- Cash -€386,285
down €386,285 (-92.5%), from €417,580 to €31,295
mainly Receivables within one year (-€1.1m) and Smaller working-capital items (-€1,929)
- Profit (loss) carried forward +€594,427
up €594,427 (+142.1%), from €418,199 to €1.0m
- Tax, wage and social debts +€48,168
up €48,168 (+30.5%), from €157,785 to €205,953
- Trade debts +€22,853
up €22,853 (+4.3%), from €535,587 to €558,441
- Services and other goods -€167,267
down €167,267 (-21.6%), from €774,986 to €607,720
- Taxes +€50,378
up €50,378 (+31.9%), from €157,789 to €208,168
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,174,952 | €1,844,669 | +€669,717 | +57.0% |
| Fixed assets | 21/28 | €20,549 | €19,821 | -€728 | -3.5% |
| Financial fixed assets | 28 | €20,549 | €19,821 | -€728 | -3.5% |
| Other financial fixed assets | 284/8 | €20,549 | €19,821 | -€728 | -3.5% |
| Shares | 284 | €20,549 | €19,821 | -€728 | -3.5% |
| Current assets | 29/58 | €1,154,403 | €1,824,848 | +€670,445 | +58.1% |
| Amounts receivable within one year | 40/41 | €719,930 | €1,776,612 | +€1.1m | +146.8% |
| Trade receivables | 40 | €719,930 | €1,776,612 | +€1.1m | +146.8% |
| Cash at bank and in hand | 54/58 | €417,580 | €31,295 | -€386,285 | -92.5% |
| Deferred charges and accrued income | 490/1 | €16,893 | €16,942 | +€48 | +0.3% |
| Total equity and liabilities | 10/49 | €1,174,952 | €1,844,669 | +€669,717 | +57.0% |
| Equity | 10/15 | €479,699 | €1,080,276 | +€600,577 | +125.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | €418,199 | €1,012,626 | +€594,427 | +142.1% |
| Amounts payable | 17/49 | €695,253 | €764,394 | +€69,140 | +9.9% |
| Amounts payable within one year | 42/48 | €695,253 | €764,394 | +€69,140 | +9.9% |
| Trade debts | 44 | €535,587 | €558,441 | +€22,853 | +4.3% |
| Suppliers | 440/4 | €535,587 | €558,441 | +€22,853 | +4.3% |
| Taxes, remuneration and social security | 45 | €157,785 | €205,953 | +€48,168 | +30.5% |
| Taxes | 450/3 | €157,785 | €205,953 | +€48,168 | +30.5% |
| Other amounts payable | 47/48 | €1,881 | - | -€1,881 | |
| Operating income | 70/76A | €1,416,962 | €1,417,549 | +€587 | 0.0% |
| Turnover | 70 | €1,416,962 | €1,417,549 | +€587 | 0.0% |
| Operating charges | 60/66A | €775,386 | €608,176 | -€167,210 | -21.6% |
| Services and other goods | 61 | €774,986 | €607,720 | -€167,267 | -21.6% |
| Other operating charges | 640/8 | €400 | €457 | +€57 | +14.3% |
| Operating profit (loss) | 9901 | €641,576 | €809,373 | +€167,797 | +26.2% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Income from financial fixed assets | 750 | €13 | - | -€13 | |
| Financial charges | 65/66B | €616 | €628 | +€12 | +2.0% |
| Recurring financial charges | 65 | €616 | €628 | +€12 | +2.0% |
| Other financial charges | 652/9 | €616 | €628 | +€12 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €640,973 | €808,745 | +€167,772 | +26.2% |
| Income taxes | 67/77 | €157,789 | €208,168 | +€50,378 | +31.9% |
| Taxes | 670/3 | €157,789 | €208,168 | +€50,378 | +31.9% |
| Profit (loss) for the period | 9904 | €483,184 | €600,577 | +€117,393 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €483,184 | €600,577 | +€117,393 | +24.3% |
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 7 October 2026 via checked.be.