DUOLIM: 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.
DUOLIM
Largest movements
- Receivables within one year +€257,768
up €257,768 (+162.9%), from €158,280 to €416,049
of which Other amounts receivable: +€217,510
- Cash -€92,183
down €92,183 (-19.3%), from €476,814 to €384,631
mainly Receivables within one year (-€257,768) and Contributions, distributions and other (-€110,675)
- Stocks and contracts -€49,386
down €49,386 (-17.4%), from €283,427 to €234,041
- Tangible fixed assets -€32,759
down €32,759 (-15.7%), from €208,639 to €175,880
of which Plant, machinery and equipment: -€18,199
- Other debts +€110,675
up €110,675 (+93.6%), from €118,244 to €228,920
- Debts after one year -€13,729
down €13,729 (-20.8%), from €65,964 to €52,236
- Staff costs -€8,965
down €8,965 (-3.7%), from €240,477 to €231,512
- Financial charges +€7,813
up €7,813 (+140.5%), from €5,559 to €13,372
- Gross operating margin -€5,728
down €5,728 (-1.3%), from €440,881 to €435,153
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 | €1,132,424 | €1,216,929 | +€84,504 | +7.5% |
| Fixed assets | 21/28 | €208,738 | €175,979 | -€32,759 | -15.7% |
| Tangible fixed assets | 22/27 | €208,639 | €175,880 | -€32,759 | -15.7% |
| Land and buildings | 22 | €137,059 | €128,833 | -€8,226 | -6.0% |
| Plant, machinery and equipment | 23 | €59,645 | €41,445 | -€18,199 | -30.5% |
| Furniture and vehicles | 24 | €11,935 | €5,602 | -€6,333 | -53.1% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €923,686 | €1,040,949 | +€117,263 | +12.7% |
| Stocks and contracts in progress | 3 | €283,427 | €234,041 | -€49,386 | -17.4% |
| Stocks | 30/36 | €283,427 | €234,041 | -€49,386 | -17.4% |
| Amounts receivable within one year | 40/41 | €158,280 | €416,049 | +€257,768 | +162.9% |
| Trade receivables | 40 | €155,063 | €195,321 | +€40,258 | +26.0% |
| Other amounts receivable | 41 | €3,217 | €220,728 | +€217,510 | +6760.9% |
| Cash at bank and in hand | 54/58 | €476,814 | €384,631 | -€92,183 | -19.3% |
| Deferred charges and accrued income | 490/1 | €5,165 | €6,228 | +€1,063 | +20.6% |
| Total equity and liabilities | 10/49 | €1,132,424 | €1,216,929 | +€84,504 | +7.5% |
| Equity | 10/15 | €810,901 | €810,901 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €792,301 | €792,301 | = | 0.0% |
| Distributable reserves | 133 | €792,301 | €792,301 | = | 0.0% |
| Amounts payable | 17/49 | €321,523 | €406,027 | +€84,504 | +26.3% |
| Amounts payable after more than one year | 17 | €65,964 | €52,236 | -€13,729 | -20.8% |
| Financial debts | 170/4 | €65,964 | €52,236 | -€13,729 | -20.8% |
| Amounts payable within one year | 42/48 | €255,558 | €353,792 | +€98,233 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €21,151 | €13,729 | -€7,422 | -35.1% |
| Trade debts | 44 | €74,477 | €68,215 | -€6,262 | -8.4% |
| Suppliers | 440/4 | €74,477 | €68,215 | -€6,262 | -8.4% |
| Taxes, remuneration and social security | 45 | €41,686 | €42,928 | +€1,242 | +3.0% |
| Taxes | 450/3 | €10,773 | €7,391 | -€3,382 | -31.4% |
| Remuneration and social security | 454/9 | €30,913 | €35,538 | +€4,624 | +15.0% |
| Other amounts payable | 47/48 | €118,244 | €228,920 | +€110,675 | +93.6% |
| Remuneration, social security and pensions | 62 | €240,477 | €231,512 | -€8,965 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,509 | €34,574 | +€65 | +0.2% |
| Other operating charges | 640/8 | €6,169 | €6,339 | +€170 | +2.8% |
| Non-recurring operating charges | 66A | - | €3,217 | +€3,217 | |
| Gross operating margin | 9900 | €440,881 | €435,153 | -€5,728 | -1.3% |
| Operating profit (loss) | 9901 | €159,726 | €159,511 | -€215 | -0.1% |
| Financial income | 75/76B | €6,655 | €3,768 | -€2,887 | -43.4% |
| Recurring financial income | 75 | €6,655 | €3,768 | -€2,887 | -43.4% |
| Financial charges | 65/66B | €5,559 | €13,372 | +€7,813 | +140.5% |
| Recurring financial charges | 65 | €5,559 | €13,372 | +€7,813 | +140.5% |
| Profit (loss) for the period before taxes | 9903 | €160,822 | €149,907 | -€10,915 | -6.8% |
| Income taxes | 67/77 | €42,578 | €39,232 | -€3,346 | -7.9% |
| Profit (loss) for the period | 9904 | €118,244 | €110,675 | -€7,569 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,244 | €110,675 | -€7,569 | -6.4% |
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 5 October 2026 via checked.be.