DUREMAX INVEST: what changed
DUREMAX INVEST
Largest movements
- Tangible fixed assets +€223,338
up €223,338 (+44.6%), from €501,032 to €724,371
of which Land and buildings: +€205,259
- Deferred charges and accrued income +€47,401
up €47,401 (+62.7%), from €75,583 to €122,984
- Cash -€38,339
down €38,339 (-77.4%), from €49,504 to €11,165
mainly Investment in fixed assets (net) (-€257,063) and Deferred charges and accrued income (-€47,401)
- Debts after one year +€181,656
up €181,656 (+44.3%), from €410,477 to €592,133
- Other debts +€35,426
up €35,426 (+27.1%), from €130,825 to €166,251
- Short-term financial debts +€8,863
up €8,863 (+30.6%), from €28,924 to €37,786
- Gross operating margin +€6,934
up €6,934 (+14.2%), from €48,754 to €55,688
- Financial charges +€3,714
up €3,714 (+42.3%), from €8,779 to €12,493
- Depreciation +€3,054
up €3,054 (+10.0%), from €30,671 to €33,725
- Other operating charges +€2,748
up €2,748 (+69.5%), from €3,955 to €6,704
- Taxes -€1,046
down €1,046 (-79.0%), from €1,324 to €278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,189 | €870,730 | +€228,540 | +35.6% |
| Fixed assets | 21/28 | €501,032 | €724,371 | +€223,338 | +44.6% |
| Tangible fixed assets | 22/27 | €501,032 | €724,371 | +€223,338 | +44.6% |
| Land and buildings | 22 | €478,663 | €683,921 | +€205,259 | +42.9% |
| Plant, machinery and equipment | 23 | €9,426 | €37,236 | +€27,810 | +295% |
| Furniture and vehicles | 24 | €9,650 | €277 | -€9,373 | -97.1% |
| Other tangible fixed assets | 26 | €3,294 | €2,937 | -€357 | -10.8% |
| Current assets | 29/58 | €141,157 | €146,359 | +€5,202 | +3.7% |
| Amounts receivable within one year | 40/41 | €16,070 | €12,210 | -€3,860 | -24.0% |
| Trade receivables | 40 | €16,070 | €12,210 | -€3,860 | -24.0% |
| Cash at bank and in hand | 54/58 | €49,504 | €11,165 | -€38,339 | -77.4% |
| Deferred charges and accrued income | 490/1 | €75,583 | €122,984 | +€47,401 | +62.7% |
| Total equity and liabilities | 10/49 | €642,189 | €870,730 | +€228,540 | +35.6% |
| Equity | 10/15 | €66,553 | €69,139 | +€2,586 | +3.9% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,553 | €13,139 | +€2,586 | +24.5% |
| Amounts payable | 17/49 | €575,636 | €801,591 | +€225,954 | +39.3% |
| Amounts payable after more than one year | 17 | €410,477 | €592,133 | +€181,656 | +44.3% |
| Financial debts | 170/4 | €410,477 | €592,133 | +€181,656 | +44.3% |
| Amounts payable within one year | 42/48 | €165,063 | €209,265 | +€44,201 | +26.8% |
| Financial debts | 43 | €28,924 | €37,786 | +€8,863 | +30.6% |
| Credit institutions | 430/8 | €28,924 | €37,786 | +€8,863 | +30.6% |
| Trade debts | 44 | €3,541 | €3,205 | -€336 | -9.5% |
| Suppliers | 440/4 | €3,541 | €3,205 | -€336 | -9.5% |
| Taxes, remuneration and social security | 45 | €1,774 | €2,023 | +€249 | +14.0% |
| Taxes | 450/3 | €1,774 | €2,023 | +€249 | +14.0% |
| Other amounts payable | 47/48 | €130,825 | €166,251 | +€35,426 | +27.1% |
| Accrued charges and deferred income | 492/3 | €96 | €193 | +€97 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,671 | €33,725 | +€3,054 | +10.0% |
| Other operating charges | 640/8 | €3,955 | €6,704 | +€2,748 | +69.5% |
| Gross operating margin | 9900 | €48,754 | €55,688 | +€6,934 | +14.2% |
| Operating profit (loss) | 9901 | €14,128 | €15,259 | +€1,132 | +8.0% |
| Financial income | 75/76B | €2 | €97 | +€95 | +4,918% |
| Recurring financial income | 75 | €2 | €97 | +€95 | +4,918% |
| Financial charges | 65/66B | €8,779 | €12,493 | +€3,714 | +42.3% |
| Recurring financial charges | 65 | €8,779 | €12,493 | +€3,714 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €5,351 | €2,864 | -€2,487 | -46.5% |
| Income taxes | 67/77 | €1,324 | €278 | -€1,046 | -79.0% |
| Profit (loss) for the period | 9904 | €4,027 | €2,586 | -€1,441 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,027 | €2,586 | -€1,441 | -35.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.