DUPO: 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.
DUPO
Largest movements
- Financial fixed assets +€500,009
up €500,009 (+44,054%), from €1,135 to €501,144
- Receivables within one year -€335,734
no longer reported in 2025 (was €335,734)
of which Other amounts receivable: -€207,882
- Cash +€25,226
up €25,226 (+35.3%), from €71,561 to €96,787
mainly Receivables within one year (+€335,734) and Other debts (+€193,523)
- Deferred charges and accrued income -€7,009
no longer reported in 2025 (was €7,009)
- Other debts +€193,523
up €193,523 (+12,251%), from €1,580 to €195,102
- Reserves +€34,727
up €34,727 (+12.0%), from €290,474 to €325,201
of which Distributable reserves: +€34,727
- Tax, wage and social debts -€30,979
down €30,979 (-37.3%), from €83,152 to €52,173
of which Remuneration and social security: -€33,329
- Trade debts -€26,613
down €26,613 (-92.8%), from €28,683 to €2,070
- Accrued charges and deferred income +€6,854
new in 2025: €6,854
- Gross operating margin -€37,435
down €37,435 (-51.3%), from €73,033 to €35,598
- Financial income +€26,142
up €26,142 (+3,206%), from €815 to €26,957
- Financial charges +€6,606
up €6,606 (+774%), from €854 to €7,460
- Taxes -€6,234
down €6,234 (-29.1%), from €21,404 to €15,170
- Depreciation -€2,579
down €2,579 (-34.1%), from €7,558 to €4,980
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 | €422,488 | €600,000 | +€177,512 | +42.0% |
| Fixed assets | 21/28 | €8,184 | €503,214 | +€495,029 | +6,048% |
| Tangible fixed assets | 22/27 | €7,049 | €2,070 | -€4,980 | -70.6% |
| Plant, machinery and equipment | 23 | €1,674 | €1,370 | -€304 | -18.2% |
| Furniture and vehicles | 24 | €4,953 | €700 | -€4,253 | -85.9% |
| Other tangible fixed assets | 26 | €422 | - | -€422 | |
| Financial fixed assets | 28 | €1,135 | €501,144 | +€500,009 | +44,054% |
| Current assets | 29/58 | €414,304 | €96,787 | -€317,517 | -76.6% |
| Amounts receivable within one year | 40/41 | €335,734 | - | -€335,734 | |
| Trade receivables | 40 | €127,852 | - | -€127,852 | |
| Other amounts receivable | 41 | €207,882 | - | -€207,882 | |
| Cash at bank and in hand | 54/58 | €71,561 | €96,787 | +€25,226 | +35.3% |
| Deferred charges and accrued income | 490/1 | €7,009 | - | -€7,009 | |
| Total equity and liabilities | 10/49 | €422,488 | €600,000 | +€177,512 | +42.0% |
| Equity | 10/15 | €309,074 | €343,801 | +€34,727 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,474 | €325,201 | +€34,727 | +12.0% |
| Non-distributable reserves | 130/1 | €2,064 | €2,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,064 | €2,064 | = | 0.0% |
| Distributable reserves | 133 | €288,410 | €323,137 | +€34,727 | +12.0% |
| Amounts payable | 17/49 | €113,414 | €256,199 | +€142,785 | +126% |
| Amounts payable within one year | 42/48 | €113,414 | €249,345 | +€135,931 | +120% |
| Trade debts | 44 | €28,683 | €2,070 | -€26,613 | -92.8% |
| Suppliers | 440/4 | €28,683 | €2,070 | -€26,613 | -92.8% |
| Taxes, remuneration and social security | 45 | €83,152 | €52,173 | -€30,979 | -37.3% |
| Taxes | 450/3 | €49,823 | €52,173 | +€2,350 | +4.7% |
| Remuneration and social security | 454/9 | €33,329 | - | -€33,329 | |
| Other amounts payable | 47/48 | €1,580 | €195,102 | +€193,523 | +12,251% |
| Accrued charges and deferred income | 492/3 | - | €6,854 | +€6,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,558 | €4,980 | -€2,579 | -34.1% |
| Other operating charges | 640/8 | €2,768 | €218 | -€2,550 | -92.1% |
| Gross operating margin | 9900 | €73,033 | €35,598 | -€37,435 | -51.3% |
| Operating profit (loss) | 9901 | €62,706 | €30,400 | -€32,306 | -51.5% |
| Financial income | 75/76B | €815 | €26,957 | +€26,142 | +3,206% |
| Recurring financial income | 75 | €815 | €26,957 | +€26,142 | +3,206% |
| Financial charges | 65/66B | €854 | €7,460 | +€6,606 | +774% |
| Recurring financial charges | 65 | €854 | €7,460 | +€6,606 | +774% |
| Profit (loss) for the period before taxes | 9903 | €62,668 | €49,897 | -€12,771 | -20.4% |
| Income taxes | 67/77 | €21,404 | €15,170 | -€6,234 | -29.1% |
| Profit (loss) for the period | 9904 | €41,264 | €34,727 | -€6,537 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,264 | €34,727 | -€6,537 | -15.8% |
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 30 October 2026 via checked.be.