DUPLER: 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.
DUPLER
Largest movements
- Tangible fixed assets +€77,703
up €77,703 (+10.5%), from €737,472 to €815,175
of which Land and buildings: +€93,976
- Current investments +€48,707
up €48,707 (+36.4%), from €133,848 to €182,556
- Cash +€26,421
up €26,421 (+7.5%), from €352,585 to €379,006
mainly Net result for the year (+€120,919) and Trade debts (+€69,484)
- Reserves +€120,900
up €120,900 (+21.2%), from €568,951 to €689,851
of which Distributable reserves: +€120,900
- Trade debts +€69,484
up €69,484 (+2096.7%), from €3,314 to €72,798
- Other debts -€23,442
down €23,442 (-15.7%), from €149,648 to €126,206
- Gross operating margin -€36,307
down €36,307 (-13.0%), from €278,860 to €242,553
- Taxes -€10,345
down €10,345 (-16.6%), from €62,334 to €51,989
- Depreciation +€3,684
up €3,684 (+6.6%), from €55,769 to €59,453
- Financial charges -€3,344
down €3,344 (-23.0%), from €14,521 to €11,177
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 | €1,236,792 | €1,392,970 | +€156,178 | +12.6% |
| Fixed assets | 21/28 | €737,942 | €815,644 | +€77,703 | +10.5% |
| Tangible fixed assets | 22/27 | €737,472 | €815,175 | +€77,703 | +10.5% |
| Land and buildings | 22 | €697,086 | €791,062 | +€93,976 | +13.5% |
| Plant, machinery and equipment | 23 | €18,926 | €17,344 | -€1,581 | -8.4% |
| Furniture and vehicles | 24 | €21,461 | €6,768 | -€14,692 | -68.5% |
| Financial fixed assets | 28 | €469 | €469 | = | 0.0% |
| Current assets | 29/58 | €498,850 | €577,326 | +€78,476 | +15.7% |
| Amounts receivable within one year | 40/41 | €9,080 | €11,413 | +€2,333 | +25.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,080 | €11,413 | +€2,333 | +25.7% |
| Current investments | 50/53 | €133,848 | €182,556 | +€48,707 | +36.4% |
| Cash at bank and in hand | 54/58 | €352,585 | €379,006 | +€26,421 | +7.5% |
| Deferred charges and accrued income | 490/1 | €3,337 | €4,351 | +€1,014 | +30.4% |
| Total equity and liabilities | 10/49 | €1,236,792 | €1,392,970 | +€156,178 | +12.6% |
| Equity | 10/15 | €1,046,932 | €1,167,852 | +€120,919 | +11.5% |
| Contributions | 10/11 | €186,233 | €186,233 | = | 0.0% |
| Capital | 10 | - | €186,233 | +€186,233 | |
| Issued capital | 100 | - | €186,233 | +€186,233 | |
| Outside capital | 11 | €186,233 | €0 | -€186,233 | -100.0% |
| Other | 1109/19 | €186,233 | €0 | -€186,233 | -100.0% |
| Revaluation surpluses | 12 | €101,264 | €101,264 | = | 0.0% |
| Reserves | 13 | €568,951 | €689,851 | +€120,900 | +21.2% |
| Non-distributable reserves | 130/1 | €18,623 | €18,623 | = | 0.0% |
| Legal reserve | 130 | - | €18,623 | +€18,623 | |
| Reserves not available under the articles | 1311 | €18,623 | €0 | -€18,623 | -100.0% |
| Tax-exempt reserves | 132 | €232 | €232 | = | 0.0% |
| Distributable reserves | 133 | €550,096 | €670,996 | +€120,900 | +22.0% |
| Profit (loss) carried forward | 14 | €190,484 | €190,504 | +€19 | 0.0% |
| Amounts payable | 17/49 | €189,860 | €225,118 | +€35,259 | +18.6% |
| Amounts payable within one year | 42/48 | €189,860 | €214,460 | +€24,601 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €15,211 | €3,366 | -€11,844 | -77.9% |
| Trade debts | 44 | €3,314 | €72,798 | +€69,484 | +2096.7% |
| Suppliers | 440/4 | €3,314 | €72,798 | +€69,484 | +2096.7% |
| Taxes, remuneration and social security | 45 | €21,687 | €12,090 | -€9,597 | -44.3% |
| Taxes | 450/3 | €21,687 | €12,090 | -€9,597 | -44.3% |
| Other amounts payable | 47/48 | €149,648 | €126,206 | -€23,442 | -15.7% |
| Accrued charges and deferred income | 492/3 | - | €10,658 | +€10,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,769 | €59,453 | +€3,684 | +6.6% |
| Other operating charges | 640/8 | €2,968 | €3,479 | +€511 | +17.2% |
| Gross operating margin | 9900 | €278,860 | €242,553 | -€36,307 | -13.0% |
| Operating profit (loss) | 9901 | €220,122 | €179,621 | -€40,501 | -18.4% |
| Financial income | 75/76B | €5,355 | €4,465 | -€890 | -16.6% |
| Recurring financial income | 75 | €5,355 | €4,465 | -€890 | -16.6% |
| Financial charges | 65/66B | €14,521 | €11,177 | -€3,344 | -23.0% |
| Recurring financial charges | 65 | €14,521 | €11,177 | -€3,344 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €210,956 | €172,909 | -€38,047 | -18.0% |
| Income taxes | 67/77 | €62,334 | €51,989 | -€10,345 | -16.6% |
| Profit (loss) for the period | 9904 | €148,621 | €120,919 | -€27,702 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,621 | €120,919 | -€27,702 | -18.6% |
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 29 September 2026 via checked.be.