DUSOL: 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.
DUSOL
Largest movements
- Tangible fixed assets -€291,345
down €291,345 (-15.4%), from €1.9m to €1.6m
of which Leasing and similar rights: -€242,324
- Cash -€165,807
down €165,807 (-63.9%), from €259,320 to €93,513
mainly Current portion of long-term debt (-€271,903) and Debts after one year (-€220,210)
- Receivables within one year +€84,197
up €84,197 (+154.5%), from €54,485 to €138,682
of which Other amounts receivable: +€81,581
- Current portion of long-term debt -€271,903
down €271,903 (-55.3%), from €492,113 to €220,210
- Debts after one year -€220,210
down €220,210 (-20.4%), from €1.1m to €857,547
of which Financial debts: -€220,210
- Trade debts +€46,797
up €46,797 (+55.3%), from €84,687 to €131,484
- Provisions +€38,720
new in 2025: €38,720
- Gross operating margin +€155,801
up €155,801 (+30.9%), from €504,294 to €660,096
- Provisions +€38,720
new in 2025: €38,720
- Financial charges -€10,332
down €10,332 (-11.0%), from €93,944 to €83,612
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.
Cash bridge derived
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 | €2,213,144 | €1,843,722 | -€369,422 | -16.7% |
| Fixed assets | 21/28 | €1,894,110 | €1,602,765 | -€291,345 | -15.4% |
| Tangible fixed assets | 22/27 | €1,894,110 | €1,602,765 | -€291,345 | -15.4% |
| Plant, machinery and equipment | 23 | €226,935 | €205,413 | -€21,521 | -9.5% |
| Leasing and similar rights | 25 | €1,453,943 | €1,211,619 | -€242,324 | -16.7% |
| Other tangible fixed assets | 26 | €213,233 | €185,733 | -€27,500 | -12.9% |
| Current assets | 29/58 | €319,034 | €240,957 | -€78,077 | -24.5% |
| Amounts receivable within one year | 40/41 | €54,485 | €138,682 | +€84,197 | +154.5% |
| Trade receivables | 40 | €24,454 | €27,070 | +€2,616 | +10.7% |
| Other amounts receivable | 41 | €30,031 | €111,612 | +€81,581 | +271.7% |
| Cash at bank and in hand | 54/58 | €259,320 | €93,513 | -€165,807 | -63.9% |
| Deferred charges and accrued income | 490/1 | €5,230 | €8,762 | +€3,532 | +67.5% |
| Total equity and liabilities | 10/49 | €2,213,144 | €1,843,722 | -€369,422 | -16.7% |
| Equity | 10/15 | €167,783 | €188,981 | +€21,198 | +12.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €147,783 | €168,981 | +€21,198 | +14.3% |
| Distributable reserves | 133 | €147,783 | €168,981 | +€21,198 | +14.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €38,720 | +€38,720 | |
| Provisions for liabilities and charges | 160/5 | - | €38,720 | +€38,720 | |
| Other liabilities and charges | 164/5 | - | €38,720 | +€38,720 | |
| Amounts payable | 17/49 | €2,045,361 | €1,616,021 | -€429,341 | -21.0% |
| Amounts payable after more than one year | 17 | €1,077,756 | €857,547 | -€220,210 | -20.4% |
| Financial debts | 170/4 | €262,149 | €41,939 | -€220,210 | -84.0% |
| Other amounts payable | 178/9 | €815,607 | €815,607 | = | 0.0% |
| Amounts payable within one year | 42/48 | €964,332 | €755,571 | -€208,761 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €492,113 | €220,210 | -€271,903 | -55.3% |
| Trade debts | 44 | €84,687 | €131,484 | +€46,797 | +55.3% |
| Suppliers | 440/4 | €84,687 | €131,484 | +€46,797 | +55.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €387,532 | €403,877 | +€16,346 | +4.2% |
| Accrued charges and deferred income | 492/3 | €3,273 | €2,903 | -€370 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,794 | €310,565 | +€4,770 | +1.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €38,720 | +€38,720 | |
| Other operating charges | 640/8 | €1,126 | €528 | -€598 | -53.1% |
| Gross operating margin | 9900 | €504,294 | €660,096 | +€155,801 | +30.9% |
| Operating profit (loss) | 9901 | €197,374 | €310,283 | +€112,909 | +57.2% |
| Financial income | 75/76B | €146 | €953 | +€807 | +554.3% |
| Recurring financial income | 75 | €146 | €953 | +€807 | +554.3% |
| Financial charges | 65/66B | €93,944 | €83,612 | -€10,332 | -11.0% |
| Recurring financial charges | 65 | €93,944 | €83,612 | -€10,332 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €103,575 | €227,623 | +€124,048 | +119.8% |
| Income taxes | 67/77 | €5,648 | €6,425 | +€777 | +13.8% |
| Profit (loss) for the period | 9904 | €97,927 | €221,198 | +€123,271 | +125.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,927 | €221,198 | +€123,271 | +125.9% |
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 9 October 2026 via checked.be.