DUOVETS: 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.
DUOVETS
Largest movements
- Tangible fixed assets +€47,911
up €47,911 (+187.2%), from €25,597 to €73,508
of which Furniture and vehicles: +€46,201
- Cash -€32,235
down €32,235 (-40.7%), from €79,202 to €46,968
mainly Contributions, distributions and other (-€159,634) and Investment in fixed assets (net) (-€61,896)
- Receivables within one year +€1,845
up €1,845 (+8.1%), from €22,662 to €24,507
of which Trade receivables: +€2,084
- Other debts +€118,187
up €118,187 (+1633.2%), from €7,237 to €125,424
- Profit (loss) carried forward -€104,757
no longer reported in 2025 (was €104,757)
- Tax, wage and social debts +€2,774
up €2,774 (+28.2%), from €9,842 to €12,616
- Trade debts +€2,104
up €2,104 (+326.4%), from €645 to €2,749
- Gross operating margin +€25,125
up €25,125 (+41.9%), from €59,997 to €85,123
- Depreciation +€7,039
up €7,039 (+101.3%), from €6,946 to €13,985
- Taxes +€3,699
up €3,699 (+32.3%), from €11,440 to €15,138
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 | €128,622 | €146,789 | +€18,166 | +14.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €25,597 | €73,508 | +€47,911 | +187.2% |
| Tangible fixed assets | 22/27 | €25,597 | €73,508 | +€47,911 | +187.2% |
| Plant, machinery and equipment | 23 | €3,695 | €5,405 | +€1,710 | +46.3% |
| Furniture and vehicles | 24 | €21,902 | €68,103 | +€46,201 | +210.9% |
| Current assets | 29/58 | €103,025 | €73,281 | -€29,745 | -28.9% |
| Amounts receivable within one year | 40/41 | €22,662 | €24,507 | +€1,845 | +8.1% |
| Trade receivables | 40 | €21,862 | €23,946 | +€2,084 | +9.5% |
| Other amounts receivable | 41 | €800 | €560 | -€239 | -29.9% |
| Cash at bank and in hand | 54/58 | €79,202 | €46,968 | -€32,235 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,806 | +€645 | +55.5% |
| Total equity and liabilities | 10/49 | €128,622 | €146,789 | +€18,166 | +14.1% |
| Equity | 10/15 | €109,757 | €5,000 | -€104,757 | -95.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,757 | - | -€104,757 | |
| Amounts payable | 17/49 | €18,866 | €141,789 | +€122,923 | +651.6% |
| Amounts payable within one year | 42/48 | €17,723 | €140,789 | +€123,065 | +694.4% |
| Trade debts | 44 | €645 | €2,749 | +€2,104 | +326.4% |
| Suppliers | 440/4 | €645 | €2,749 | +€2,104 | +326.4% |
| Taxes, remuneration and social security | 45 | €9,842 | €12,616 | +€2,774 | +28.2% |
| Taxes | 450/3 | €9,842 | €12,616 | +€2,774 | +28.2% |
| Other amounts payable | 47/48 | €7,237 | €125,424 | +€118,187 | +1633.2% |
| Accrued charges and deferred income | 492/3 | €1,142 | €1,000 | -€142 | -12.4% |
| Non-recurring operating income | 76A | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,946 | €13,985 | +€7,039 | +101.3% |
| Other operating charges | 640/8 | €961 | €1,020 | +€60 | +6.2% |
| Gross operating margin | 9900 | €59,997 | €85,123 | +€25,125 | +41.9% |
| Operating profit (loss) | 9901 | €52,091 | €70,117 | +€18,027 | +34.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €102 | €102 | = | 0.0% |
| Recurring financial charges | 65 | €102 | €102 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €51,989 | €70,015 | +€18,027 | +34.7% |
| Income taxes | 67/77 | €11,440 | €15,138 | +€3,699 | +32.3% |
| Profit (loss) for the period | 9904 | €40,549 | €54,877 | +€14,328 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,549 | €54,877 | +€14,328 | +35.3% |
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 10 October 2026 via checked.be.