DUOPLUS: 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.
What changed
DUOPLUS
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€539,915
2023 · €40,663+€499,253
Equity
€1.6m
2023 · €1.1m+€538,524
Cash
€182,056
2023 · €197,289-€15,234
Balance sheet total
€5.6m
2023 · €5.2m+€326,633
Largest movements
Assets
- Tangible fixed assets +€298,561
up €298,561 (+6.3%), from €4.7m to €5.0m
of which Land and buildings: +€309,200
Equity and liabilities
- Reserves +€538,524
up €538,524 (+54.1%), from €995,077 to €1.5m
of which Tax-exempt reserves: +€417,450
- Debts after one year -€316,652
down €316,652 (-9.5%), from €3.3m to €3.0m
of which Financial debts: -€321,631
- Provisions +€122,136
up €122,136 (+60.5%), from €201,714 to €323,850
Income statement
- Gross operating margin +€635,819
up €635,819 (+183.5%), from €346,503 to €982,322
- Depreciation -€29,325
down €29,325 (-14.5%), from €202,118 to €172,793
- Taxes +€29,125
up €29,125 (+134.4%), from €21,667 to €50,792
From the 2023 result to the 2024 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.
Result 2023
€40,663
Gross operating margin
+€635,819
Depreciation
+€29,325
Other operating charges
+€5,172
Financial charges
-€6,274
Taxes
-€29,125
Deferred taxes and other
-€135,664
Result 2024
€539,915
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€817,976
Investment
-€471,243
Financing
-€361,967
Cash 2023
€197,289
From operations (derived)
+€817,976
Net result for the year
+€539,915
Depreciation
+€172,793
Receivables within one year
-€43,417
Provisions
+€122,136
Trade debts
-€15,371
Tax, wage and social debts
+€31,406
Other debts
+€24,863
Accrued charges and deferred income
-€14,350
Investment (derived)
-€471,243
Investment in fixed assets (net)
-€471,264
Current investments
+€21
Financing
-€361,967
Debts after one year
-€316,652
Current portion of long-term debt
-€41,433
Short-term financial debts
-€2,491
Contributions, distributions and other
-€1,391
Cash 2024
€182,056
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,240,536 | €5,567,168 | +€326,633 | +6.2% |
| Fixed assets | 21/28 | €4,899,472 | €5,197,943 | +€298,471 | +6.1% |
| Tangible fixed assets | 22/27 | €4,743,182 | €5,041,743 | +€298,561 | +6.3% |
| Land and buildings | 22 | €4,375,676 | €4,684,875 | +€309,200 | +7.1% |
| Plant, machinery and equipment | 23 | €7,207 | €5,290 | -€1,916 | -26.6% |
| Furniture and vehicles | 24 | €17,419 | €8,696 | -€8,723 | -50.1% |
| Assets under construction and advance payments | 27 | €342,881 | €342,881 | = | 0.0% |
| Financial fixed assets | 28 | €156,290 | €156,200 | -€90 | -0.1% |
| Current assets | 29/58 | €341,064 | €369,226 | +€28,162 | +8.3% |
| Amounts receivable within one year | 40/41 | €143,753 | €187,170 | +€43,417 | +30.2% |
| Trade receivables | 40 | €43,783 | €23,679 | -€20,104 | -45.9% |
| Other amounts receivable | 41 | €99,970 | €163,491 | +€63,521 | +63.5% |
| Current investments | 50/53 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €197,289 | €182,056 | -€15,234 | -7.7% |
| Total equity and liabilities | 10/49 | €5,240,536 | €5,567,168 | +€326,633 | +6.2% |
| Equity | 10/15 | €1,089,162 | €1,627,686 | +€538,524 | +49.4% |
| Contributions | 10/11 | €94,085 | €94,085 | = | 0.0% |
| Capital | 10 | €94,085 | €94,085 | = | 0.0% |
| Issued capital | 100 | €94,085 | €94,085 | = | 0.0% |
| Reserves | 13 | €995,077 | €1,533,601 | +€538,524 | +54.1% |
| Non-distributable reserves | 130/1 | €9,409 | €9,409 | = | 0.0% |
| Legal reserve | 130 | €9,409 | €9,409 | = | 0.0% |
| Tax-exempt reserves | 132 | €392,079 | €809,529 | +€417,450 | +106.5% |
| Distributable reserves | 133 | €593,589 | €714,663 | +€121,074 | +20.4% |
| Provisions and deferred taxes | 16 | €201,714 | €323,850 | +€122,136 | +60.5% |
| Deferred taxes | 168 | €201,714 | €323,850 | +€122,136 | +60.5% |
| Amounts payable | 17/49 | €3,949,660 | €3,615,632 | -€334,028 | -8.5% |
| Amounts payable after more than one year | 17 | €3,330,830 | €3,014,178 | -€316,652 | -9.5% |
| Financial debts | 170/4 | €2,060,463 | €1,738,832 | -€321,631 | -15.6% |
| Other amounts payable | 178/9 | €1,270,368 | €1,275,346 | +€4,979 | +0.4% |
| Amounts payable within one year | 42/48 | €604,479 | €601,454 | -€3,025 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €250,815 | €209,382 | -€41,433 | -16.5% |
| Financial debts | 43 | €2,581 | €90 | -€2,491 | -96.5% |
| Credit institutions | 430/8 | €2,581 | €90 | -€2,491 | -96.5% |
| Trade debts | 44 | €72,363 | €56,992 | -€15,371 | -21.2% |
| Suppliers | 440/4 | €72,363 | €56,992 | -€15,371 | -21.2% |
| Taxes, remuneration and social security | 45 | €30,752 | €62,158 | +€31,406 | +102.1% |
| Taxes | 450/3 | €30,752 | €62,158 | +€31,406 | +102.1% |
| Other amounts payable | 47/48 | €247,969 | €272,833 | +€24,863 | +10.0% |
| Accrued charges and deferred income | 492/3 | €14,350 | - | -€14,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,118 | €172,793 | -€29,325 | -14.5% |
| Other operating charges | 640/8 | €43,394 | €38,223 | -€5,172 | -11.9% |
| Gross operating margin | 9900 | €346,503 | €982,322 | +€635,819 | +183.5% |
| Operating profit (loss) | 9901 | €100,991 | €771,306 | +€670,315 | +663.7% |
| Financial charges | 65/66B | €53,580 | €59,854 | +€6,274 | +11.7% |
| Recurring financial charges | 65 | €53,580 | €59,854 | +€6,274 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €47,411 | €711,452 | +€664,041 | +1400.6% |
| Transfer from deferred taxes | 780 | €14,919 | €46,420 | +€31,502 | +211.2% |
| Transfer to deferred taxes | 680 | - | €167,165 | +€167,165 | |
| Income taxes | 67/77 | €21,667 | €50,792 | +€29,125 | +134.4% |
| Profit (loss) for the period | 9904 | €40,663 | €539,915 | +€499,253 | +1227.8% |
| Transfer from tax-exempt reserves | 789 | €28,660 | €82,655 | +€53,995 | +188.4% |
| Transfer to tax-exempt reserves | 689 | - | €501,496 | +€501,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,322 | €121,074 | +€51,752 | +74.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.