DUPLAX: 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.
DUPLAX
Largest movements
- Cash +€99,232
up €99,232 (+38.6%), from €256,992 to €356,224
mainly Net result for the year (+€132,560) and Tax, wage and social debts (+€20,617)
- Receivables within one year +€49,106
up €49,106 (+146.1%), from €33,600 to €82,706
of which Other amounts receivable: +€31,106
- Reserves +€132,560
up €132,560 (+52.9%), from €250,714 to €383,274
- Tax, wage and social debts +€20,617
up €20,617 (+69.3%), from €29,740 to €50,357
- Gross operating margin +€5,790
up €5,790 (+3.1%), from €185,602 to €191,392
- Taxes +€3,422
up €3,422 (+6.2%), from €55,144 to €58,566
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 | €295,356 | €444,671 | +€149,316 | +50.6% |
| Fixed assets | 21/28 | €4,386 | €5,741 | +€1,355 | +30.9% |
| Tangible fixed assets | 22/27 | €4,386 | €5,741 | +€1,355 | +30.9% |
| Furniture and vehicles | 24 | - | €1,818 | +€1,818 | |
| Other tangible fixed assets | 26 | €4,386 | €3,923 | -€463 | -10.6% |
| Current assets | 29/58 | €290,970 | €438,930 | +€147,960 | +50.9% |
| Amounts receivable within one year | 40/41 | €33,600 | €82,706 | +€49,106 | +146.1% |
| Trade receivables | 40 | €33,600 | €51,600 | +€18,000 | +53.6% |
| Other amounts receivable | 41 | - | €31,106 | +€31,106 | |
| Cash at bank and in hand | 54/58 | €256,992 | €356,224 | +€99,232 | +38.6% |
| Deferred charges and accrued income | 490/1 | €378 | €0 | -€378 | -100.0% |
| Total equity and liabilities | 10/49 | €295,356 | €444,671 | +€149,316 | +50.6% |
| Equity | 10/15 | €260,714 | €393,274 | +€132,560 | +50.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €250,714 | €383,274 | +€132,560 | +52.9% |
| Distributable reserves | 133 | €250,714 | €383,274 | +€132,560 | +52.9% |
| Amounts payable | 17/49 | €34,642 | €51,397 | +€16,755 | +48.4% |
| Amounts payable within one year | 42/48 | €34,642 | €51,397 | +€16,755 | +48.4% |
| Trade debts | 44 | €591 | €1,040 | +€449 | +76.0% |
| Suppliers | 440/4 | €591 | €1,040 | +€449 | +76.0% |
| Taxes, remuneration and social security | 45 | €29,740 | €50,357 | +€20,617 | +69.3% |
| Taxes | 450/3 | €29,740 | €50,357 | +€20,617 | +69.3% |
| Other amounts payable | 47/48 | €4,311 | €0 | -€4,311 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246 | €782 | +€535 | +217.5% |
| Other operating charges | 640/8 | €387 | €625 | +€238 | +61.5% |
| Gross operating margin | 9900 | €185,602 | €191,392 | +€5,790 | +3.1% |
| Operating profit (loss) | 9901 | €184,969 | €189,985 | +€5,017 | +2.7% |
| Financial income | 75/76B | €45 | €1,350 | +€1,305 | +2900.6% |
| Recurring financial income | 75 | €45 | €1,350 | +€1,305 | +2900.6% |
| Financial charges | 65/66B | €223 | €209 | -€14 | -6.1% |
| Recurring financial charges | 65 | €223 | €209 | -€14 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €184,791 | €191,126 | +€6,335 | +3.4% |
| Income taxes | 67/77 | €55,144 | €58,566 | +€3,422 | +6.2% |
| Profit (loss) for the period | 9904 | €129,647 | €132,560 | +€2,914 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €129,647 | €132,560 | +€2,914 | +2.2% |
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 3 October 2026 via checked.be.