DUOTOON: 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.
DUOTOON
Largest movements
- Cash +€678,691
up €678,691 (+253%), from €268,665 to €947,356
mainly Net result for the year (+€376,625) and Depreciation (+€137,339)
- Tangible fixed assets -€141,650
down €141,650 (-5.3%), from €2.7m to €2.5m
of which Land and buildings: -€135,970
- Receivables within one year -€121,800
down €121,800 (-63.7%), from €191,205 to €69,405
of which Trade receivables: -€121,000
- Profit (loss) carried forward +€387,186
up €387,186 (+21.9%), from €1.8m to €2.2m
- Debts after one year +€58,800
up €58,800 (+15.5%), from €380,000 to €438,800
of which Other amounts payable: +€58,800
- Gross operating margin +€114,125
up €114,125 (+23.8%), from €480,472 to €594,597
- Depreciation +€97,139
up €97,139 (+242%), from €40,200 to €137,339
- Financial income +€56,069
new in 2025: €56,069
of which Non-recurring financial income: +€56,069
- Taxes +€18,744
up €18,744 (+17.5%), from €107,162 to €125,906
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 | €3,134,037 | €3,559,510 | +€425,473 | +13.6% |
| Fixed assets | 21/28 | €2,666,177 | €2,524,527 | -€141,650 | -5.3% |
| Tangible fixed assets | 22/27 | €2,666,177 | €2,524,527 | -€141,650 | -5.3% |
| Land and buildings | 22 | €2,630,397 | €2,494,427 | -€135,970 | -5.2% |
| Furniture and vehicles | 24 | €8,515 | €2,835 | -€5,680 | -66.7% |
| Other tangible fixed assets | 26 | €27,265 | €27,265 | = | 0.0% |
| Current assets | 29/58 | €467,860 | €1,034,983 | +€567,123 | +121% |
| Amounts receivable within one year | 40/41 | €191,205 | €69,405 | -€121,800 | -63.7% |
| Trade receivables | 40 | €155,485 | €34,485 | -€121,000 | -77.8% |
| Other amounts receivable | 41 | €35,720 | €34,920 | -€800 | -2.2% |
| Cash at bank and in hand | 54/58 | €268,665 | €947,356 | +€678,691 | +253% |
| Deferred charges and accrued income | 490/1 | €7,990 | €18,222 | +€10,231 | +128% |
| Total equity and liabilities | 10/49 | €3,134,037 | €3,559,510 | +€425,473 | +13.6% |
| Equity | 10/15 | €2,600,020 | €2,976,645 | +€376,625 | +14.5% |
| Contributions | 10/11 | €256,000 | €256,000 | = | 0.0% |
| Capital | 10 | €256,000 | €256,000 | = | 0.0% |
| Issued capital | 100 | €256,000 | €256,000 | = | 0.0% |
| Reserves | 13 | €574,245 | €563,683 | -€10,561 | -1.8% |
| Non-distributable reserves | 130/1 | €25,600 | €25,600 | = | 0.0% |
| Legal reserve | 130 | €25,600 | €25,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €393,645 | €383,083 | -€10,561 | -2.7% |
| Distributable reserves | 133 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,769,776 | €2,156,962 | +€387,186 | +21.9% |
| Provisions and deferred taxes | 16 | €86,912 | €83,391 | -€3,520 | -4.1% |
| Deferred taxes | 168 | €86,912 | €83,391 | -€3,520 | -4.1% |
| Amounts payable | 17/49 | €447,105 | €499,473 | +€52,368 | +11.7% |
| Amounts payable after more than one year | 17 | €380,000 | €438,800 | +€58,800 | +15.5% |
| Financial debts | 170/4 | €380,000 | €380,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €58,800 | +€58,800 | |
| Amounts payable within one year | 42/48 | €67,105 | €60,673 | -€6,432 | -9.6% |
| Trade debts | 44 | €5,912 | €6,579 | +€667 | +11.3% |
| Suppliers | 440/4 | €5,912 | €6,579 | +€667 | +11.3% |
| Taxes, remuneration and social security | 45 | €38,499 | €49,820 | +€11,320 | +29.4% |
| Taxes | 450/3 | €38,499 | €49,820 | +€11,320 | +29.4% |
| Other amounts payable | 47/48 | €22,693 | €4,275 | -€18,419 | -81.2% |
| Non-recurring operating income | 76A | €322 | €328 | +€6 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,200 | €137,339 | +€97,139 | +242% |
| Other operating charges | 640/8 | €11,278 | €13,695 | +€2,417 | +21.4% |
| Gross operating margin | 9900 | €480,472 | €594,597 | +€114,125 | +23.8% |
| Operating profit (loss) | 9901 | €428,994 | €443,563 | +€14,569 | +3.4% |
| Financial income | 75/76B | - | €56,069 | +€56,069 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €56,069 | +€56,069 | |
| Financial charges | 65/66B | €563 | €622 | +€58 | +10.3% |
| Recurring financial charges | 65 | €563 | €622 | +€58 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €428,431 | €499,011 | +€70,580 | +16.5% |
| Transfer from deferred taxes | 780 | €1,100 | €3,520 | +€2,420 | +220% |
| Income taxes | 67/77 | €107,162 | €125,906 | +€18,744 | +17.5% |
| Profit (loss) for the period | 9904 | €322,369 | €376,625 | +€54,256 | +16.8% |
| Transfer from tax-exempt reserves | 789 | €1,641 | €10,561 | +€8,921 | +544% |
| Profit (loss) for the period to be appropriated | 9905 | €324,009 | €387,186 | +€63,177 | +19.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.