DUROS: 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.
What changed
DUROS
NACE 35.110, Production of electricity from non-renewable sources
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,557
2024 · €72,693-€71,136
Equity
€1.1m
2024 · €1.1m+€1,557
Cash
€31,833
2024 · €17,451+€14,381
Balance sheet total
€2.6m
2024 · €2.6m-€6,682
Largest movements
Assets
- Tangible fixed assets -€31,798
down €31,798 (-1.6%), from €2.0m to €2.0m
Equity and liabilities
- Debts after one year -€101,245
down €101,245 (-21.6%), from €469,523 to €368,277
- Trade debts +€53,206
new in 2025: €53,206
- Other debts +€37,688
up €37,688 (+4.2%), from €889,955 to €927,642
Income statement
- Gross operating margin -€88,541
down €88,541 (-42.0%), from €210,761 to €122,220
- Financial charges -€12,524
down €12,524 (-23.3%), from €53,673 to €41,149
- Depreciation -€8,659
down €8,659 (-10.0%), from €86,456 to €77,798
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.
Result 2024
€72,693
Gross operating margin
-€88,541
Depreciation
+€8,659
Other operating charges
-€1,871
Financial income
-€1,907
Financial charges
+€12,524
Result 2025
€1,557
raises the resultlowers the result
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.
From operations
+€157,703
Investment
-€46,000
Financing
-€97,322
Cash 2024
€17,451
From operations (derived)
+€157,703
Net result for the year
+€1,557
Depreciation
+€77,798
Receivables within one year
-€2,191
Deferred charges and accrued income
-€8,544
Trade debts
+€53,206
Tax, wage and social debts
-€1,620
Advances received
+€600
Other debts
+€37,688
Accrued charges and deferred income
-€792
Investment (derived)
-€46,000
Investment in fixed assets (net)
-€46,000
Financing
-€97,322
Debts after one year
-€101,245
Current portion of long-term debt
+€3,924
Cash 2025
€31,833
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,609,658 | €2,602,975 | -€6,682 | -0.3% |
| Fixed assets | 21/28 | €2,018,177 | €1,986,379 | -€31,798 | -1.6% |
| Tangible fixed assets | 22/27 | €1,997,621 | €1,965,823 | -€31,798 | -1.6% |
| Land and buildings | 22 | €1,997,621 | €1,965,823 | -€31,798 | -1.6% |
| Financial fixed assets | 28 | €20,556 | €20,556 | = | 0.0% |
| Current assets | 29/58 | €591,480 | €616,596 | +€25,116 | +4.2% |
| Amounts receivable within one year | 40/41 | €573,902 | €576,092 | +€2,191 | +0.4% |
| Trade receivables | 40 | €7,631 | - | -€7,631 | |
| Other amounts receivable | 41 | €566,271 | €576,092 | +€9,822 | +1.7% |
| Current investments | 50/53 | €127 | €127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,451 | €31,833 | +€14,381 | +82.4% |
| Deferred charges and accrued income | 490/1 | - | €8,544 | +€8,544 | |
| Total equity and liabilities | 10/49 | €2,609,658 | €2,602,975 | -€6,682 | -0.3% |
| Equity | 10/15 | €1,140,994 | €1,142,551 | +€1,557 | +0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,139,444 | €1,139,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,451 | -€121,894 | +€1,557 | +1.3% |
| Amounts payable | 17/49 | €1,468,664 | €1,460,425 | -€8,239 | -0.6% |
| Amounts payable after more than one year | 17 | €469,523 | €368,277 | -€101,245 | -21.6% |
| Financial debts | 170/4 | €469,523 | €368,277 | -€101,245 | -21.6% |
| Amounts payable within one year | 42/48 | €994,833 | €1,088,630 | +€93,798 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €102,401 | €106,325 | +€3,924 | +3.8% |
| Trade debts | 44 | - | €53,206 | +€53,206 | |
| Suppliers | 440/4 | - | €53,206 | +€53,206 | |
| Advances received on contracts in progress | 46 | €700 | €1,300 | +€600 | +85.7% |
| Taxes, remuneration and social security | 45 | €1,777 | €157 | -€1,620 | -91.2% |
| Taxes | 450/3 | €1,777 | €157 | -€1,620 | -91.2% |
| Other amounts payable | 47/48 | €889,955 | €927,642 | +€37,688 | +4.2% |
| Accrued charges and deferred income | 492/3 | €4,309 | €3,517 | -€792 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,456 | €77,798 | -€8,659 | -10.0% |
| Other operating charges | 640/8 | €11,146 | €13,017 | +€1,871 | +16.8% |
| Gross operating margin | 9900 | €210,761 | €122,220 | -€88,541 | -42.0% |
| Operating profit (loss) | 9901 | €113,159 | €31,405 | -€81,753 | -72.2% |
| Financial income | 75/76B | €13,208 | €11,301 | -€1,907 | -14.4% |
| Recurring financial income | 75 | €13,208 | €11,301 | -€1,907 | -14.4% |
| Financial charges | 65/66B | €53,673 | €41,149 | -€12,524 | -23.3% |
| Recurring financial charges | 65 | €53,673 | €41,149 | -€12,524 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €72,693 | €1,557 | -€71,136 | -97.9% |
| Profit (loss) for the period | 9904 | €72,693 | €1,557 | -€71,136 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,693 | €1,557 | -€71,136 | -97.9% |
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 22 October 2026 via checked.be.