DUOFLUX: 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.
DUOFLUX
Largest movements
- Receivables within one year -€207,149
down €207,149 (-28.7%), from €720,665 to €513,516
of which Trade receivables: -€283,947
- Stocks and contracts +€184,501
up €184,501 (+49.1%), from €375,705 to €560,205
of which Contracts in progress: +€194,800
- Tangible fixed assets -€79,471
down €79,471 (-48.0%), from €165,681 to €86,210
of which Leasing and similar rights: -€42,002
- Trade debts -€212,426
down €212,426 (-35.9%), from €591,114 to €378,688
- Other debts +€96,452
up €96,452 (+498.4%), from €19,353 to €115,806
- Profit (loss) carried forward +€34,735
up €34,735 (+4.5%), from €778,443 to €813,177
- Debts after one year -€34,201
down €34,201 (-100.0%), from €34,201 to €0
- Gross operating margin +€23,984
up €23,984 (+2.1%), from €1.1m to €1.2m
- Staff costs -€15,448
down €15,448 (-1.7%), from €883,714 to €868,266
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 | €1,506,930 | €1,407,752 | -€99,177 | -6.6% |
| Fixed assets | 21/28 | €189,117 | €104,485 | -€84,632 | -44.8% |
| Tangible fixed assets | 22/27 | €165,681 | €86,210 | -€79,471 | -48.0% |
| Plant, machinery and equipment | 23 | €40,014 | €28,652 | -€11,362 | -28.4% |
| Furniture and vehicles | 24 | €42,605 | €16,498 | -€26,107 | -61.3% |
| Leasing and similar rights | 25 | €83,062 | €41,060 | -€42,002 | -50.6% |
| Financial fixed assets | 28 | €23,436 | €18,275 | -€5,161 | -22.0% |
| Current assets | 29/58 | €1,317,813 | €1,303,267 | -€14,546 | -1.1% |
| Stocks and contracts in progress | 3 | €375,705 | €560,205 | +€184,501 | +49.1% |
| Stocks | 30/36 | €42,340 | €32,041 | -€10,299 | -24.3% |
| Contracts in progress | 37 | €333,365 | €528,164 | +€194,800 | +58.4% |
| Amounts receivable within one year | 40/41 | €720,665 | €513,516 | -€207,149 | -28.7% |
| Trade receivables | 40 | €652,047 | €368,100 | -€283,947 | -43.5% |
| Other amounts receivable | 41 | €68,618 | €145,416 | +€76,798 | +111.9% |
| Cash at bank and in hand | 54/58 | €201,630 | €208,753 | +€7,124 | +3.5% |
| Deferred charges and accrued income | 490/1 | €19,814 | €20,793 | +€980 | +4.9% |
| Total equity and liabilities | 10/49 | €1,506,930 | €1,407,752 | -€99,177 | -6.6% |
| Equity | 10/15 | €798,903 | €833,637 | +€34,735 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €778,443 | €813,177 | +€34,735 | +4.5% |
| Amounts payable | 17/49 | €708,027 | €574,115 | -€133,912 | -18.9% |
| Amounts payable after more than one year | 17 | €34,201 | €0 | -€34,201 | -100.0% |
| Financial debts | 170/4 | €34,201 | €0 | -€34,201 | -100.0% |
| Amounts payable within one year | 42/48 | €673,826 | €574,115 | -€99,711 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €32,415 | €34,201 | +€1,786 | +5.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €591,114 | €378,688 | -€212,426 | -35.9% |
| Suppliers | 440/4 | €591,114 | €378,688 | -€212,426 | -35.9% |
| Taxes, remuneration and social security | 45 | €30,944 | €45,420 | +€14,476 | +46.8% |
| Taxes | 450/3 | €29,490 | €5,145 | -€24,345 | -82.6% |
| Remuneration and social security | 454/9 | €1,454 | €40,275 | +€38,821 | +2670.0% |
| Other amounts payable | 47/48 | €19,353 | €115,806 | +€96,452 | +498.4% |
| Non-recurring operating income | 76A | €12,683 | - | -€12,683 | |
| Remuneration, social security and pensions | 62 | €883,714 | €868,266 | -€15,448 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,989 | €73,920 | -€4,068 | -5.2% |
| Other operating charges | 640/8 | €2,222 | €9,630 | +€7,409 | +333.5% |
| Non-recurring operating charges | 66A | €5,426 | €9,379 | +€3,953 | +72.9% |
| Gross operating margin | 9900 | €1,142,264 | €1,166,248 | +€23,984 | +2.1% |
| Operating profit (loss) | 9901 | €172,914 | €205,053 | +€32,139 | +18.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,632 | €15,182 | -€7,450 | -32.9% |
| Recurring financial charges | 65 | €22,632 | €15,182 | -€7,450 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €150,281 | €189,870 | +€39,589 | +26.3% |
| Income taxes | 67/77 | €47,376 | €55,135 | +€7,760 | +16.4% |
| Profit (loss) for the period | 9904 | €102,906 | €134,735 | +€31,829 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,906 | €134,735 | +€31,829 | +30.9% |
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 11 October 2026 via checked.be.