DUPANEMA: 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.
DUPANEMA
Largest movements
- Tangible fixed assets -€31,862
down €31,862 (-38.2%), from €83,330 to €51,468
of which Furniture and vehicles: -€18,419
- Deferred charges and accrued income +€2,104
new in 2025: €2,104
- Cash -€2,011
down €2,011 (-2.1%), from €94,388 to €92,377
mainly Other debts (-€28,822) and Debts after one year (-€16,868)
- Other debts -€28,822
down €28,822 (-87.9%), from €32,792 to €3,969
- Debts after one year -€16,868
down €16,868 (-74.9%), from €22,518 to €5,650
- Profit (loss) carried forward +€11,620
new in 2025: €11,620
- Reserves +€10,000
up €10,000 (+10.2%), from €98,339 to €108,339
- Current portion of long-term debt -€4,272
down €4,272 (-20.2%), from €21,140 to €16,868
- Gross operating margin -€4,769
down €4,769 (-4.9%), from €96,888 to €92,119
- Taxes -€1,984
down €1,984 (-21.9%), from €9,062 to €7,078
- Financial charges -€1,864
down €1,864 (-62.0%), from €3,008 to €1,144
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 | €188,736 | €156,604 | -€32,131 | -17.0% |
| Fixed assets | 21/28 | €83,330 | €51,468 | -€31,862 | -38.2% |
| Tangible fixed assets | 22/27 | €83,330 | €51,468 | -€31,862 | -38.2% |
| Land and buildings | 22 | - | €4,378 | +€4,378 | |
| Plant, machinery and equipment | 23 | €8,887 | €7,046 | -€1,841 | -20.7% |
| Furniture and vehicles | 24 | €41,442 | €23,024 | -€18,419 | -44.4% |
| Other tangible fixed assets | 26 | €33,000 | €17,020 | -€15,980 | -48.4% |
| Current assets | 29/58 | €105,406 | €105,137 | -€269 | -0.3% |
| Stocks and contracts in progress | 3 | €9,833 | €8,831 | -€1,002 | -10.2% |
| Stocks | 30/36 | €9,833 | €8,831 | -€1,002 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,184 | €1,824 | +€640 | +54.1% |
| Trade receivables | 40 | €1,034 | - | -€1,034 | |
| Other amounts receivable | 41 | €150 | €1,824 | +€1,674 | +1116.2% |
| Cash at bank and in hand | 54/58 | €94,388 | €92,377 | -€2,011 | -2.1% |
| Deferred charges and accrued income | 490/1 | - | €2,104 | +€2,104 | |
| Total equity and liabilities | 10/49 | €188,736 | €156,604 | -€32,131 | -17.0% |
| Equity | 10/15 | €104,539 | €126,159 | +€21,620 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,339 | €108,339 | +€10,000 | +10.2% |
| Distributable reserves | 133 | €98,339 | €108,339 | +€10,000 | +10.2% |
| Profit (loss) carried forward | 14 | - | €11,620 | +€11,620 | |
| Amounts payable | 17/49 | €84,197 | €30,446 | -€53,751 | -63.8% |
| Amounts payable after more than one year | 17 | €22,518 | €5,650 | -€16,868 | -74.9% |
| Financial debts | 170/4 | €22,518 | €5,650 | -€16,868 | -74.9% |
| Amounts payable within one year | 42/48 | €61,679 | €24,796 | -€36,883 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | €21,140 | €16,868 | -€4,272 | -20.2% |
| Trade debts | 44 | €1,407 | €1,090 | -€317 | -22.5% |
| Suppliers | 440/4 | €1,407 | €1,090 | -€317 | -22.5% |
| Taxes, remuneration and social security | 45 | €6,339 | €2,868 | -€3,471 | -54.8% |
| Taxes | 450/3 | €4,783 | €2,064 | -€2,719 | -56.8% |
| Remuneration and social security | 454/9 | €1,556 | €804 | -€752 | -48.3% |
| Other amounts payable | 47/48 | €32,792 | €3,969 | -€28,822 | -87.9% |
| Remuneration, social security and pensions | 62 | €19,542 | €20,102 | +€560 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,538 | €37,249 | -€290 | -0.8% |
| Other operating charges | 640/8 | €4,416 | €5,142 | +€727 | +16.5% |
| Non-recurring operating charges | 66A | - | €14 | +€14 | |
| Gross operating margin | 9900 | €96,888 | €92,119 | -€4,769 | -4.9% |
| Operating profit (loss) | 9901 | €35,393 | €29,613 | -€5,780 | -16.3% |
| Financial income | 75/76B | €61 | €230 | +€169 | +277.9% |
| Recurring financial income | 75 | €61 | €230 | +€169 | +277.9% |
| Financial charges | 65/66B | €3,008 | €1,144 | -€1,864 | -62.0% |
| Recurring financial charges | 65 | €3,008 | €1,144 | -€1,864 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €32,446 | €28,698 | -€3,748 | -11.6% |
| Income taxes | 67/77 | €9,062 | €7,078 | -€1,984 | -21.9% |
| Profit (loss) for the period | 9904 | €23,384 | €21,620 | -€1,764 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,384 | €21,620 | -€1,764 | -7.5% |
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 7 October 2026 via checked.be.