Duralu+: 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.
Duralu+
Largest movements
- Tangible fixed assets +€669,410
up €669,410 (+132.8%), from €504,046 to €1.2m
of which Leasing and similar rights: +€688,009
- Receivables within one year +€301,117
up €301,117 (+75.8%), from €397,511 to €698,628
of which Trade receivables: +€172,274
- Stocks and contracts +€75,000
up €75,000 (+35.7%), from €210,000 to €285,000
- Cash -€29,376
down €29,376 (-41.8%), from €70,282 to €40,906
mainly Investment in fixed assets (net) (-€858,309) and Receivables within one year (-€301,117)
- Debts after one year +€530,202
up €530,202 (+167.4%), from €316,822 to €847,024
- Short-term financial debts +€300,000
new in 2025: €300,000
- Trade debts +€115,852
up €115,852 (+50.8%), from €227,873 to €343,724
- Other debts +€80,000
up €80,000 (+200.0%), from €40,000 to €120,000
- Advances received -€70,000
down €70,000 (-48.3%), from €145,000 to €75,000
- Gross operating margin -€161,551
down €161,551 (-10.6%), from €1.5m to €1.4m
- Staff costs -€71,423
down €71,423 (-6.7%), from €1.1m to €997,820
- Depreciation +€61,205
up €61,205 (+47.9%), from €127,694 to €188,899
- Taxes -€47,214
down €47,214 (-79.4%), from €59,454 to €12,240
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 | €1,328,267 | €2,358,945 | +€1.0m | +77.6% |
| Fixed assets | 21/28 | €505,181 | €1,174,590 | +€669,410 | +132.5% |
| Tangible fixed assets | 22/27 | €504,046 | €1,173,455 | +€669,410 | +132.8% |
| Plant, machinery and equipment | 23 | €31,396 | €33,444 | +€2,047 | +6.5% |
| Furniture and vehicles | 24 | €237,955 | €221,561 | -€16,394 | -6.9% |
| Leasing and similar rights | 25 | €198,650 | €886,660 | +€688,009 | +346.3% |
| Other tangible fixed assets | 26 | €36,044 | €31,791 | -€4,253 | -11.8% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €823,086 | €1,184,354 | +€361,268 | +43.9% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €210,000 | €285,000 | +€75,000 | +35.7% |
| Stocks | 30/36 | €210,000 | €285,000 | +€75,000 | +35.7% |
| Amounts receivable within one year | 40/41 | €397,511 | €698,628 | +€301,117 | +75.8% |
| Trade receivables | 40 | €291,346 | €463,620 | +€172,274 | +59.1% |
| Other amounts receivable | 41 | €106,165 | €235,008 | +€128,843 | +121.4% |
| Cash at bank and in hand | 54/58 | €70,282 | €40,906 | -€29,376 | -41.8% |
| Deferred charges and accrued income | 490/1 | €20,294 | €34,820 | +€14,527 | +71.6% |
| Total equity and liabilities | 10/49 | €1,328,267 | €2,358,945 | +€1.0m | +77.6% |
| Equity | 10/15 | €424,511 | €407,018 | -€17,492 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €405,911 | €388,418 | -€17,492 | -4.3% |
| Distributable reserves | 133 | €405,911 | €388,418 | -€17,492 | -4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €903,757 | €1,951,926 | +€1.0m | +116.0% |
| Amounts payable after more than one year | 17 | €316,822 | €847,024 | +€530,202 | +167.4% |
| Financial debts | 170/4 | €316,822 | €847,024 | +€530,202 | +167.4% |
| Amounts payable within one year | 42/48 | €580,640 | €1,098,608 | +€517,968 | +89.2% |
| Current portion of amounts payable after more than one year | 42 | €115,979 | €182,561 | +€66,582 | +57.4% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €227,873 | €343,724 | +€115,852 | +50.8% |
| Suppliers | 440/4 | €227,873 | €343,724 | +€115,852 | +50.8% |
| Advances received on contracts in progress | 46 | €145,000 | €75,000 | -€70,000 | -48.3% |
| Taxes, remuneration and social security | 45 | €51,789 | €77,323 | +€25,534 | +49.3% |
| Taxes | 450/3 | €0 | €12,240 | +€12,240 | |
| Remuneration and social security | 454/9 | €51,789 | €65,083 | +€13,294 | +25.7% |
| Other amounts payable | 47/48 | €40,000 | €120,000 | +€80,000 | +200.0% |
| Accrued charges and deferred income | 492/3 | €6,294 | €6,294 | = | 0.0% |
| Non-recurring operating income | 76A | €16,139 | €43,510 | +€27,371 | +169.6% |
| Remuneration, social security and pensions | 62 | €1,069,243 | €997,820 | -€71,423 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,694 | €188,899 | +€61,205 | +47.9% |
| Other operating charges | 640/8 | €5,825 | €5,732 | -€92 | -1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,526,784 | €1,365,233 | -€161,551 | -10.6% |
| Operating profit (loss) | 9901 | €324,022 | €172,781 | -€151,240 | -46.7% |
| Financial income | 75/76B | €30,219 | €33,377 | +€3,158 | +10.5% |
| Recurring financial income | 75 | €30,219 | €33,377 | +€3,158 | +10.5% |
| Financial charges | 65/66B | €83,557 | €91,410 | +€7,854 | +9.4% |
| Recurring financial charges | 65 | €83,557 | €91,410 | +€7,854 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €270,684 | €114,748 | -€155,936 | -57.6% |
| Income taxes | 67/77 | €59,454 | €12,240 | -€47,214 | -79.4% |
| Profit (loss) for the period | 9904 | €211,229 | €102,508 | -€108,721 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €211,229 | €102,508 | -€108,721 | -51.5% |
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 12 October 2026 via checked.be.