DUPIAT: 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.
DUPIAT
Largest movements
- Current investments +€308,000
up €308,000 (+158%), from €195,000 to €503,000
- Tangible fixed assets +€9,248
up €9,248 (+2.8%), from €335,538 to €344,785
of which Land and buildings: +€8,133
- Profit (loss) carried forward +€287,970
up €287,970, from -€1,397 to €286,574
- Tax, wage and social debts +€38,020
new in 2025: €38,020
- Other debts -€11,438
down €11,438 (-3.8%), from €299,863 to €288,426
- Gross operating margin +€368,405
up €368,405 (+787%), from €46,829 to €415,234
- Taxes +€94,282
new in 2025: €94,282
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 | €540,466 | €855,756 | +€315,289 | +58.3% |
| Fixed assets | 21/28 | €335,538 | €344,785 | +€9,248 | +2.8% |
| Tangible fixed assets | 22/27 | €335,538 | €344,785 | +€9,248 | +2.8% |
| Land and buildings | 22 | €334,176 | €342,309 | +€8,133 | +2.4% |
| Plant, machinery and equipment | 23 | €1,210 | €2,464 | +€1,255 | +104% |
| Furniture and vehicles | 24 | €152 | €12 | -€140 | -92.2% |
| Current assets | 29/58 | €204,929 | €510,970 | +€306,042 | +149% |
| Amounts receivable within one year | 40/41 | €700 | €700 | = | 0.0% |
| Other amounts receivable | 41 | €700 | €700 | = | 0.0% |
| Current investments | 50/53 | €195,000 | €503,000 | +€308,000 | +158% |
| Cash at bank and in hand | 54/58 | €8,823 | €6,736 | -€2,088 | -23.7% |
| Deferred charges and accrued income | 490/1 | €406 | €535 | +€129 | +31.9% |
| Total equity and liabilities | 10/49 | €540,466 | €855,756 | +€315,289 | +58.3% |
| Equity | 10/15 | €240,603 | €528,574 | +€287,970 | +120% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,397 | €286,574 | +€287,970 | |
| Amounts payable | 17/49 | €299,863 | €327,182 | +€27,319 | +9.1% |
| Amounts payable within one year | 42/48 | €299,863 | €327,182 | +€27,319 | +9.1% |
| Trade debts | 44 | - | €737 | +€737 | |
| Suppliers | 440/4 | - | €737 | +€737 | |
| Taxes, remuneration and social security | 45 | - | €38,020 | +€38,020 | |
| Taxes | 450/3 | - | €38,020 | +€38,020 | |
| Other amounts payable | 47/48 | €299,863 | €288,426 | -€11,438 | -3.8% |
| Non-recurring operating income | 76A | €60,000 | €465,064 | +€405,064 | +675% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,566 | €13,247 | -€3,319 | -20.0% |
| Other operating charges | 640/8 | €6,284 | €6,996 | +€712 | +11.3% |
| Gross operating margin | 9900 | €46,829 | €415,234 | +€368,405 | +787% |
| Operating profit (loss) | 9901 | €23,979 | €394,991 | +€371,011 | +1,547% |
| Financial income | 75/76B | €2,333 | €4,208 | +€1,875 | +80.4% |
| Recurring financial income | 75 | €2,333 | €4,208 | +€1,875 | +80.4% |
| Financial charges | 65/66B | €18,701 | €16,946 | -€1,755 | -9.4% |
| Recurring financial charges | 65 | €18,701 | €16,901 | -€1,800 | -9.6% |
| Non-recurring financial charges | 66B | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €7,611 | €382,252 | +€374,641 | +4,922% |
| Income taxes | 67/77 | - | €94,282 | +€94,282 | |
| Profit (loss) for the period | 9904 | €7,611 | €287,970 | +€280,359 | +3,684% |
| Profit (loss) for the period to be appropriated | 9905 | €7,611 | €287,970 | +€280,359 | +3,684% |
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 25 October 2026 via checked.be.