DURO ASSOCIE: 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.
DURO ASSOCIE
Largest movements
- Cash -€15,258
down €15,258 (-41.2%), from €37,038 to €21,780
mainly Net result for the year (-€5,273) and Trade debts (-€4,394)
- Tangible fixed assets -€2,654
down €2,654 (-12.5%), from €21,279 to €18,626
- Stocks and contracts +€658
up €658 (+24.6%), from €2,671 to €3,330
- Profit (loss) carried forward -€5,273
down €5,273 (-48.1%), from €10,960 to €5,687
- Trade debts -€4,394
down €4,394 (-50.4%), from €8,723 to €4,329
- Debts after one year -€3,966
down €3,966 (-33.7%), from €11,763 to €7,797
- Other debts -€3,871
down €3,871 (-72.2%), from €5,361 to €1,491
- Accrued charges and deferred income -€866
no longer reported in 2025 (was €866)
- Staff costs +€22,058
up €22,058 (+57.1%), from €38,642 to €60,700
- Gross operating margin +€10,518
up €10,518 (+19.9%), from €52,870 to €63,388
- Depreciation -€1,972
down €1,972 (-36.1%), from €5,463 to €3,491
- Other operating charges +€1,544
up €1,544 (+87.6%), from €1,764 to €3,309
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 | €61,481 | €44,227 | -€17,254 | -28.1% |
| Fixed assets | 21/28 | €21,279 | €18,626 | -€2,654 | -12.5% |
| Tangible fixed assets | 22/27 | €21,279 | €18,626 | -€2,654 | -12.5% |
| Furniture and vehicles | 24 | €6,658 | €5,753 | -€905 | -13.6% |
| Other tangible fixed assets | 26 | €9,542 | €8,422 | -€1,120 | -11.7% |
| Assets under construction and advance payments | 27 | €5,079 | €4,450 | -€629 | -12.4% |
| Current assets | 29/58 | €40,201 | €25,601 | -€14,600 | -36.3% |
| Stocks and contracts in progress | 3 | €2,671 | €3,330 | +€658 | +24.6% |
| Stocks | 30/36 | €2,671 | €3,330 | +€658 | +24.6% |
| Amounts receivable within one year | 40/41 | €492 | €492 | = | 0.0% |
| Trade receivables | 40 | €375 | €375 | = | 0.0% |
| Other amounts receivable | 41 | €117 | €117 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,038 | €21,780 | -€15,258 | -41.2% |
| Total equity and liabilities | 10/49 | €61,481 | €44,227 | -€17,254 | -28.1% |
| Equity | 10/15 | €16,960 | €11,687 | -€5,273 | -31.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,960 | €5,687 | -€5,273 | -48.1% |
| Amounts payable | 17/49 | €44,521 | €32,540 | -€11,981 | -26.9% |
| Amounts payable after more than one year | 17 | €11,763 | €7,797 | -€3,966 | -33.7% |
| Financial debts | 170/4 | €11,763 | €7,797 | -€3,966 | -33.7% |
| Amounts payable within one year | 42/48 | €31,892 | €24,743 | -€7,148 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €5,102 | €5,602 | +€500 | +9.8% |
| Trade debts | 44 | €8,723 | €4,329 | -€4,394 | -50.4% |
| Suppliers | 440/4 | €8,723 | €4,329 | -€4,394 | -50.4% |
| Taxes, remuneration and social security | 45 | €12,705 | €13,321 | +€616 | +4.9% |
| Taxes | 450/3 | €7,413 | €5,682 | -€1,731 | -23.3% |
| Remuneration and social security | 454/9 | €5,292 | €7,639 | +€2,347 | +44.4% |
| Other amounts payable | 47/48 | €5,361 | €1,491 | -€3,871 | -72.2% |
| Accrued charges and deferred income | 492/3 | €866 | - | -€866 | |
| Remuneration, social security and pensions | 62 | €38,642 | €60,700 | +€22,058 | +57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,463 | €3,491 | -€1,972 | -36.1% |
| Other operating charges | 640/8 | €1,764 | €3,309 | +€1,544 | +87.6% |
| Gross operating margin | 9900 | €52,870 | €63,388 | +€10,518 | +19.9% |
| Operating profit (loss) | 9901 | €7,001 | -€4,112 | -€11,113 | |
| Financial income | 75/76B | €11 | €45 | +€34 | +301% |
| Recurring financial income | 75 | €11 | €45 | +€34 | +301% |
| Financial charges | 65/66B | €609 | €1,062 | +€453 | +74.4% |
| Recurring financial charges | 65 | €609 | €1,062 | +€453 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | €6,404 | -€5,129 | -€11,533 | |
| Income taxes | 67/77 | €140 | €144 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €6,264 | -€5,273 | -€11,537 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,264 | -€5,273 | -€11,537 |
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 18 October 2026 via checked.be.