DUPLI: 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.
What changed
DUPLI
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€841,013
2024 · €576,765+€264,247
Equity
€781,011
2024 · €1.5m-€682,227
Cash
€348,917
2024 · €342,810+€6,106
Balance sheet total
€4.1m
2024 · €3.8m+€338,105
Largest movements
Assets
- Tangible fixed assets +€530,193
up €530,193 (+28.6%), from €1.9m to €2.4m
of which Other tangible fixed assets: +€368,567
- Intangible fixed assets -€200,000
down €200,000 (-46.3%), from €432,329 to €232,329
Equity and liabilities
- Other debts +€1.5m
new in 2025: €1.5m
- Reserves -€682,227
down €682,227 (-90.6%), from €753,228 to €71,001
of which Distributable reserves: -€682,227
- Trade debts -€368,032
down €368,032 (-21.4%), from €1.7m to €1.4m
- Debts after one year -€158,556
down €158,556 (-84.7%), from €187,127 to €28,571
of which Financial debts: -€158,556
- Current portion of long-term debt +€58,495
up €58,495 (+34.9%), from €167,411 to €225,906
Income statement
- Gross operating margin +€375,596
up €375,596 (+13.9%), from €2.7m to €3.1m
- Taxes +€86,336
up €86,336 (+46.4%), from €186,090 to €272,426
- Staff costs +€80,086
up €80,086 (+5.6%), from €1.4m to €1.5m
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.
Result 2024
€576,765
Gross operating margin
+€375,596
Staff costs
-€80,086
Depreciation
-€18,552
Other operating charges
+€14,064
Other operating items
+€42,688
Financial income
+€6,946
Financial charges
+€9,929
Taxes
-€86,336
Result 2025
€841,013
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.4m
Investment
-€729,781
Financing
-€1.6m
Cash 2024
€342,810
From operations (derived)
+€2.4m
Net result for the year
+€841,013
Depreciation
+€397,088
Stocks and contracts
+€39,003
Receivables within one year
-€37,843
Deferred charges and accrued income
-€464
Trade debts
-€368,032
Tax, wage and social debts
-€51,182
Other debts
+€1.5m
Accrued charges and deferred income
+€16,367
Investment (derived)
-€729,781
Investment in fixed assets (net)
-€729,781
Financing
-€1.6m
Debts after one year
-€158,556
Current portion of long-term debt
+€58,495
Contributions, distributions and other
-€1.5m
Cash 2025
€348,917
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,769,363 | €4,107,468 | +€338,105 | +9.0% |
| Fixed assets | 21/28 | €2,286,656 | €2,619,349 | +€332,693 | +14.5% |
| Intangible fixed assets | 21 | €432,329 | €232,329 | -€200,000 | -46.3% |
| Tangible fixed assets | 22/27 | €1,854,328 | €2,384,521 | +€530,193 | +28.6% |
| Plant, machinery and equipment | 23 | €774,311 | €889,821 | +€115,509 | +14.9% |
| Furniture and vehicles | 24 | €139,821 | €185,937 | +€46,117 | +33.0% |
| Other tangible fixed assets | 26 | €940,196 | €1,308,763 | +€368,567 | +39.2% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €1,482,707 | €1,488,118 | +€5,411 | +0.4% |
| Stocks and contracts in progress | 3 | €852,059 | €813,057 | -€39,003 | -4.6% |
| Stocks | 30/36 | €852,059 | €813,057 | -€39,003 | -4.6% |
| Amounts receivable within one year | 40/41 | €257,636 | €295,479 | +€37,843 | +14.7% |
| Trade receivables | 40 | €201,096 | €245,479 | +€44,383 | +22.1% |
| Other amounts receivable | 41 | €56,540 | €50,000 | -€6,539 | -11.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €342,810 | €348,917 | +€6,106 | +1.8% |
| Deferred charges and accrued income | 490/1 | €30,202 | €30,666 | +€464 | +1.5% |
| Total equity and liabilities | 10/49 | €3,769,363 | €4,107,468 | +€338,105 | +9.0% |
| Equity | 10/15 | €1,463,238 | €781,011 | -€682,227 | -46.6% |
| Contributions | 10/11 | €710,010 | €710,010 | = | 0.0% |
| Capital | 10 | €710,010 | €710,010 | = | 0.0% |
| Issued capital | 100 | €710,010 | €710,010 | = | 0.0% |
| Reserves | 13 | €753,228 | €71,001 | -€682,227 | -90.6% |
| Non-distributable reserves | 130/1 | €71,001 | €71,001 | = | 0.0% |
| Legal reserve | 130 | €71,001 | €71,001 | = | 0.0% |
| Distributable reserves | 133 | €682,227 | €0 | -€682,227 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,306,125 | €3,326,457 | +€1.0m | +44.2% |
| Amounts payable after more than one year | 17 | €187,127 | €28,571 | -€158,556 | -84.7% |
| Financial debts | 170/4 | €187,127 | €28,571 | -€158,556 | -84.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,118,998 | €3,281,519 | +€1.2m | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €167,411 | €225,906 | +€58,495 | +34.9% |
| Trade debts | 44 | €1,721,874 | €1,353,842 | -€368,032 | -21.4% |
| Suppliers | 440/4 | €1,721,874 | €1,353,842 | -€368,032 | -21.4% |
| Taxes, remuneration and social security | 45 | €229,714 | €178,532 | -€51,182 | -22.3% |
| Taxes | 450/3 | €35,176 | €0 | -€35,176 | -100% |
| Remuneration and social security | 454/9 | €194,537 | €178,532 | -€16,006 | -8.2% |
| Other amounts payable | 47/48 | - | €1,523,240 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | - | €16,367 | +€16,367 | |
| Non-recurring operating income | 76A | €20,500 | €0 | -€20,500 | -100% |
| Remuneration, social security and pensions | 62 | €1,421,469 | €1,501,555 | +€80,086 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,536 | €397,088 | +€18,552 | +4.9% |
| Other operating charges | 640/8 | €23,023 | €8,960 | -€14,064 | -61.1% |
| Non-recurring operating charges | 66A | €58,822 | €16,134 | -€42,688 | -72.6% |
| Gross operating margin | 9900 | €2,694,830 | €3,070,426 | +€375,596 | +13.9% |
| Operating profit (loss) | 9901 | €812,980 | €1,146,690 | +€333,709 | +41.0% |
| Financial income | 75/76B | €6,636 | €13,581 | +€6,946 | +105% |
| Recurring financial income | 75 | €6,636 | €13,581 | +€6,946 | +105% |
| Financial charges | 65/66B | €56,761 | €46,832 | -€9,929 | -17.5% |
| Recurring financial charges | 65 | €56,761 | €46,832 | -€9,929 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €762,855 | €1,113,439 | +€350,584 | +46.0% |
| Income taxes | 67/77 | €186,090 | €272,426 | +€86,336 | +46.4% |
| Profit (loss) for the period | 9904 | €576,765 | €841,013 | +€264,247 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €576,765 | €841,013 | +€264,247 | +45.8% |
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 15 October 2026 via checked.be.