DUSE: what changed
Two fiscal 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.
DUSE
Largest movements
- Receivables within one year -€57,117
down €57,117 (-54.6%), from €104,611 to €47,493
of which Trade receivables: -€42,540
- Deferred charges and accrued income +€18,708
up €18,708 (+6236.1%), from €300 to €19,008
- Intangible fixed assets -€8,790
down €8,790 (-4.0%), from €220,879 to €212,089
- Cash -€4,043
down €4,043 (-80.9%), from €5,000 to €957
mainly Investment in fixed assets (net) (-€104,424) and Trade debts (-€33,695)
- Trade debts -€33,695
down €33,695 (-33.1%), from €101,752 to €68,057
- Investment grants -€18,729
down €18,729 (-50.0%), from €37,458 to €18,729
- Other debts +€13,633
up €13,633 (+6.8%), from €201,418 to €215,051
- Profit (loss) carried forward -€6,440
down €6,440 (-15.3%), from -€42,192 to -€48,632
- Provisions -€6,243
down €6,243 (-50.0%), from €12,486 to €6,243
- Gross operating margin +€97,270
up €97,270, from -€5,250 to €92,020
- Depreciation +€81,768
up €81,768 (+258.3%), from €31,652 to €113,421
- Financial charges +€2,327
up €2,327 (+31.9%), from €7,297 to €9,624
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,996 | €279,548 | -€51,449 | -15.5% |
| Fixed assets | 21/28 | €221,085 | €212,089 | -€8,997 | -4.1% |
| Intangible fixed assets | 21 | €220,879 | €212,089 | -€8,790 | -4.0% |
| Tangible fixed assets | 22/27 | €206 | €0 | -€206 | -100.0% |
| Plant, machinery and equipment | 23 | €206 | €0 | -€206 | -100.0% |
| Current assets | 29/58 | €109,911 | €67,459 | -€42,452 | -38.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €104,611 | €47,493 | -€57,117 | -54.6% |
| Trade receivables | 40 | €43,590 | €1,050 | -€42,540 | -97.6% |
| Other amounts receivable | 41 | €61,020 | €46,443 | -€14,577 | -23.9% |
| Cash at bank and in hand | 54/58 | €5,000 | €957 | -€4,043 | -80.9% |
| Deferred charges and accrued income | 490/1 | €300 | €19,008 | +€18,708 | +6236.1% |
| Total equity and liabilities | 10/49 | €330,996 | €279,548 | -€51,449 | -15.5% |
| Equity | 10/15 | €15,266 | -€9,903 | -€25,169 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,192 | -€48,632 | -€6,440 | -15.3% |
| Investment grants | 15 | €37,458 | €18,729 | -€18,729 | -50.0% |
| Provisions and deferred taxes | 16 | €12,486 | €6,243 | -€6,243 | -50.0% |
| Deferred taxes | 168 | €12,486 | €6,243 | -€6,243 | -50.0% |
| Amounts payable | 17/49 | €303,244 | €283,208 | -€20,037 | -6.6% |
| Amounts payable within one year | 42/48 | €303,169 | €283,108 | -€20,062 | -6.6% |
| Trade debts | 44 | €101,752 | €68,057 | -€33,695 | -33.1% |
| Suppliers | 440/4 | €101,752 | €68,057 | -€33,695 | -33.1% |
| Other amounts payable | 47/48 | €201,418 | €215,051 | +€13,633 | +6.8% |
| Accrued charges and deferred income | 492/3 | €75 | €100 | +€25 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,652 | €113,421 | +€81,768 | +258.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€5,250 | €92,020 | +€97,270 | |
| Operating profit (loss) | 9901 | -€37,287 | -€21,788 | +€15,499 | +41.6% |
| Financial income | 75/76B | €18,980 | €18,729 | -€250 | -1.3% |
| Recurring financial income | 75 | €18,980 | €18,729 | -€250 | -1.3% |
| Financial charges | 65/66B | €7,297 | €9,624 | +€2,327 | +31.9% |
| Recurring financial charges | 65 | €7,297 | €9,624 | +€2,327 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,604 | -€12,683 | +€12,921 | +50.5% |
| Transfer from deferred taxes | 780 | €6,243 | - | -€6,243 | |
| Profit (loss) for the period | 9904 | -€19,361 | -€12,683 | +€6,678 | +34.5% |
| Transfer from tax-exempt reserves | 789 | - | €6,243 | +€6,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,361 | -€6,440 | +€12,921 | +66.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.