DURHAM INVEST: what changed
What changed
DURHAM INVEST
filed annual accounts (NBB)
Net result for the year
-€77,320
2024 · €85,677-€162,997
Equity
€1.1m
2024 · €1.2m-€77,320
Cash
€85,008
2024 · €52,551+€32,457
Balance sheet total
€8.1m
2024 · €6.0m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+35.9%), from €5.9m to €8.0m
of which Land and buildings: +€2.1m
Equity and liabilities
- Debts after one year +€2.3m
up €2.3m (+70.3%), from €3.3m to €5.6m
of which Financial debts: +€3.0m
- Current portion of long-term debt +€93,297
up €93,297 (+28.1%), from €332,235 to €425,532
- Tax, wage and social debts -€81,272
down €81,272 (-58.8%), from €138,330 to €57,058
Income statement
- Depreciation +€261,585
up €261,585 (+110%), from €236,814 to €498,398
- Gross operating margin +€132,431
up €132,431 (+30.8%), from €430,551 to €562,982
- Financial charges +€46,032
up €46,032 (+49.7%), from €92,623 to €138,656
- Taxes -€12,953
down €12,953 (-85.2%), from €15,203 to €2,250
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.
Result 2024
€85,677
Gross operating margin
+€132,431
Depreciation
-€261,585
Other operating charges
-€31
Financial income
-€733
Financial charges
-€46,032
Taxes
+€12,953
Result 2025
-€77,320
raises the resultlowers the result
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.
From operations
+€261,439
Investment
-€2.6m
Financing
+€2.4m
Cash 2024
€52,551
From operations (derived)
+€261,439
Net result for the year
-€77,320
Depreciation
+€498,398
Receivables within one year
-€3,000
Tax, wage and social debts
-€81,272
Other debts
-€75,367
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€2.4m
Debts after one year
+€2.3m
Current portion of long-term debt
+€93,297
Cash 2025
€85,008
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,966,402 | €8,126,371 | +€2.2m | +36.2% |
| Fixed assets | 21/28 | €5,913,851 | €8,038,363 | +€2.1m | +35.9% |
| Tangible fixed assets | 22/27 | €5,913,851 | €8,038,363 | +€2.1m | +35.9% |
| Land and buildings | 22 | €5,160,893 | €7,282,947 | +€2.1m | +41.1% |
| Other tangible fixed assets | 26 | €752,958 | €755,416 | +€2,457 | +0.3% |
| Current assets | 29/58 | €52,551 | €88,008 | +€35,457 | +67.5% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €52,551 | €85,008 | +€32,457 | +61.8% |
| Total equity and liabilities | 10/49 | €5,966,402 | €8,126,371 | +€2.2m | +36.2% |
| Equity | 10/15 | €1,150,150 | €1,072,829 | -€77,320 | -6.7% |
| Contributions | 10/11 | €136,350 | €136,350 | = | 0.0% |
| Capital | 10 | €136,350 | €136,350 | = | 0.0% |
| Issued capital | 100 | €136,350 | €136,350 | = | 0.0% |
| Reserves | 13 | €1,013,792 | €1,013,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,635 | €13,635 | = | 0.0% |
| Legal reserve | 130 | €13,635 | €13,635 | = | 0.0% |
| Distributable reserves | 133 | €1,000,157 | €1,000,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8 | -€77,312 | -€77,320 | |
| Amounts payable | 17/49 | €4,816,252 | €7,053,542 | +€2.2m | +46.5% |
| Amounts payable after more than one year | 17 | €3,272,922 | €5,573,554 | +€2.3m | +70.3% |
| Financial debts | 170/4 | €2,622,922 | €5,573,554 | +€3.0m | +112% |
| Other amounts payable | 178/9 | €650,000 | - | -€650,000 | |
| Amounts payable within one year | 42/48 | €1,543,330 | €1,479,988 | -€63,342 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €332,235 | €425,532 | +€93,297 | +28.1% |
| Taxes, remuneration and social security | 45 | €138,330 | €57,058 | -€81,272 | -58.8% |
| Taxes | 450/3 | €138,330 | €57,058 | -€81,272 | -58.8% |
| Other amounts payable | 47/48 | €1,072,765 | €997,398 | -€75,367 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,814 | €498,398 | +€261,585 | +110% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €430,551 | €562,982 | +€132,431 | +30.8% |
| Operating profit (loss) | 9901 | €192,770 | €63,585 | -€129,185 | -67.0% |
| Financial income | 75/76B | €733 | - | -€733 | |
| Recurring financial income | 75 | €733 | - | -€733 | |
| Financial charges | 65/66B | €92,623 | €138,656 | +€46,032 | +49.7% |
| Recurring financial charges | 65 | €92,623 | €138,656 | +€46,032 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €100,879 | -€75,070 | -€175,950 | |
| Income taxes | 67/77 | €15,203 | €2,250 | -€12,953 | -85.2% |
| Profit (loss) for the period | 9904 | €85,677 | -€77,320 | -€162,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,677 | -€77,320 | -€162,997 |
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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.