Duolex: 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.
Duolex
Largest movements
- Receivables within one year +€65,914
up €65,914 (+13.6%), from €484,472 to €550,386
of which Other amounts receivable: +€61,134
- Cash -€63,605
down €63,605 (-46.3%), from €137,377 to €73,773
mainly Contributions, distributions and other (-€230,000) and Receivables within one year (-€65,914)
- Tangible fixed assets -€16,502
down €16,502 (-21.7%), from €75,959 to €59,456
of which Leasing and similar rights: -€19,978
- Debts after one year -€48,277
down €48,277 (-65.6%), from €73,623 to €25,346
- Reserves +€29,567
up €29,567 (+3.1%), from €963,859 to €993,426
- Tax, wage and social debts +€20,483
up €20,483 (+54.0%), from €37,959 to €58,442
- Current portion of long-term debt -€18,487
down €18,487 (-27.7%), from €66,764 to €48,277
- Gross operating margin -€26,688
down €26,688 (-7.7%), from €347,164 to €320,476
- Taxes -€19,336
down €19,336 (-30.7%), from €63,063 to €43,726
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 | €1,164,451 | €1,151,493 | -€12,958 | -1.1% |
| Fixed assets | 21/28 | €530,959 | €514,456 | -€16,502 | -3.1% |
| Tangible fixed assets | 22/27 | €75,959 | €59,456 | -€16,502 | -21.7% |
| Plant, machinery and equipment | 23 | €1,945 | €1,713 | -€233 | -12.0% |
| Furniture and vehicles | 24 | €7,273 | €5,855 | -€1,418 | -19.5% |
| Leasing and similar rights | 25 | €63,712 | €43,733 | -€19,978 | -31.4% |
| Other tangible fixed assets | 26 | €3,029 | €8,155 | +€5,126 | +169% |
| Financial fixed assets | 28 | €455,000 | €455,000 | = | 0.0% |
| Current assets | 29/58 | €633,493 | €637,037 | +€3,544 | +0.6% |
| Amounts receivable within one year | 40/41 | €484,472 | €550,386 | +€65,914 | +13.6% |
| Trade receivables | 40 | €19,864 | €24,643 | +€4,779 | +24.1% |
| Other amounts receivable | 41 | €464,608 | €525,742 | +€61,134 | +13.2% |
| Cash at bank and in hand | 54/58 | €137,377 | €73,773 | -€63,605 | -46.3% |
| Deferred charges and accrued income | 490/1 | €11,643 | €12,879 | +€1,235 | +10.6% |
| Total equity and liabilities | 10/49 | €1,164,451 | €1,151,493 | -€12,958 | -1.1% |
| Equity | 10/15 | €982,459 | €1,012,026 | +€29,567 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €963,859 | €993,426 | +€29,567 | +3.1% |
| Distributable reserves | 133 | €963,859 | €993,426 | +€29,567 | +3.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €181,993 | €139,467 | -€42,525 | -23.4% |
| Amounts payable after more than one year | 17 | €73,623 | €25,346 | -€48,277 | -65.6% |
| Financial debts | 170/4 | €73,623 | €25,346 | -€48,277 | -65.6% |
| Amounts payable within one year | 42/48 | €108,369 | €114,121 | +€5,751 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €66,764 | €48,277 | -€18,487 | -27.7% |
| Trade debts | 44 | €1,967 | €7,402 | +€5,436 | +276% |
| Suppliers | 440/4 | €1,967 | €7,402 | +€5,436 | +276% |
| Taxes, remuneration and social security | 45 | €37,959 | €58,442 | +€20,483 | +54.0% |
| Taxes | 450/3 | €37,959 | €58,442 | +€20,483 | +54.0% |
| Other amounts payable | 47/48 | €1,680 | €0 | -€1,680 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,168 | €22,191 | +€23 | +0.1% |
| Other operating charges | 640/8 | €4,918 | €3,649 | -€1,269 | -25.8% |
| Gross operating margin | 9900 | €347,164 | €320,476 | -€26,688 | -7.7% |
| Operating profit (loss) | 9901 | €320,078 | €294,636 | -€25,443 | -7.9% |
| Financial income | 75/76B | €11,643 | €12,129 | +€485 | +4.2% |
| Recurring financial income | 75 | €11,643 | €12,129 | +€485 | +4.2% |
| Financial charges | 65/66B | €4,594 | €3,471 | -€1,123 | -24.4% |
| Recurring financial charges | 65 | €4,594 | €3,471 | -€1,123 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €327,128 | €303,294 | -€23,834 | -7.3% |
| Income taxes | 67/77 | €63,063 | €43,726 | -€19,336 | -30.7% |
| Profit (loss) for the period | 9904 | €264,065 | €259,567 | -€4,498 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €264,065 | €259,567 | -€4,498 | -1.7% |
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 15 October 2026 via checked.be.