DUOMAE: 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.
DUOMAE
Largest movements
- Financial fixed assets +€56.4m
up €56.4m (+46.4%), from €121.7m to €178.1m
- Receivables within one year -€49.5m
down €49.5m (-84.1%), from €58.9m to €9.4m
- Cash -€3.9m
down €3.9m (-36.8%), from €10.5m to €6.7m
mainly Investment in fixed assets (net) (-€56.4m) and Current investments (-€121,513)
- Reserves +€2.9m
up €2.9m (+2.4%), from €121.5m to €124.4m
of which Distributable reserves: +€2.9m
- Financial income +€2.5m
up €2.5m (+227.5%), from €1.1m to €3.7m
- Taxes +€263,452
up €263,452 (+112.2%), from €234,801 to €498,253
- Gross operating margin -€38,904
down €38,904 (-75.5%), from -€51,540 to -€90,444
- Financial charges -€38,327
down €38,327 (-33.5%), from €114,394 to €76,067
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 | €194,390,802 | €197,565,724 | +€3.2m | +1.6% |
| Fixed assets | 21/28 | €121,692,865 | €178,107,491 | +€56.4m | +46.4% |
| Financial fixed assets | 28 | €121,692,865 | €178,107,491 | +€56.4m | +46.4% |
| Current assets | 29/58 | €72,697,937 | €19,458,233 | -€53.2m | -73.2% |
| Amounts receivable within one year | 40/41 | €58,878,418 | €9,377,577 | -€49.5m | -84.1% |
| Other amounts receivable | 41 | €58,878,418 | €9,377,577 | -€49.5m | -84.1% |
| Current investments | 50/53 | €3,080,315 | €3,201,829 | +€121,513 | +3.9% |
| Cash at bank and in hand | 54/58 | €10,545,232 | €6,664,746 | -€3.9m | -36.8% |
| Deferred charges and accrued income | 490/1 | €193,972 | €214,081 | +€20,110 | +10.4% |
| Total equity and liabilities | 10/49 | €194,390,802 | €197,565,724 | +€3.2m | +1.6% |
| Equity | 10/15 | €194,147,483 | €197,143,740 | +€3.0m | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €121,508,500 | €124,408,500 | +€2.9m | +2.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €121,506,500 | €124,406,500 | +€2.9m | +2.4% |
| Profit (loss) carried forward | 14 | €72,618,983 | €72,715,240 | +€96,257 | +0.1% |
| Amounts payable | 17/49 | €243,319 | €421,984 | +€178,665 | +73.4% |
| Amounts payable within one year | 42/48 | €243,319 | €421,984 | +€178,665 | +73.4% |
| Trade debts | 44 | €36,300 | €24,200 | -€12,100 | -33.3% |
| Suppliers | 440/4 | €36,300 | €24,200 | -€12,100 | -33.3% |
| Taxes, remuneration and social security | 45 | €207,019 | €397,784 | +€190,765 | +92.1% |
| Taxes | 450/3 | €207,019 | €397,784 | +€190,765 | +92.1% |
| Other operating charges | 640/8 | €4,548 | €4,766 | +€218 | +4.8% |
| Gross operating margin | 9900 | -€51,540 | -€90,444 | -€38,904 | -75.5% |
| Operating profit (loss) | 9901 | -€56,089 | -€95,211 | -€39,122 | -69.8% |
| Financial income | 75/76B | €1,119,198 | €3,665,787 | +€2.5m | +227.5% |
| Recurring financial income | 75 | €1,119,198 | €3,665,787 | +€2.5m | +227.5% |
| Financial charges | 65/66B | €114,394 | €76,067 | -€38,327 | -33.5% |
| Recurring financial charges | 65 | €114,394 | €76,067 | -€38,327 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €948,715 | €3,494,509 | +€2.5m | +268.3% |
| Income taxes | 67/77 | €234,801 | €498,253 | +€263,452 | +112.2% |
| Profit (loss) for the period | 9904 | €713,914 | €2,996,257 | +€2.3m | +319.7% |
| Profit (loss) for the period to be appropriated | 9905 | €713,914 | €2,996,257 | +€2.3m | +319.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.