DUTCA: 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.
DUTCA
Largest movements
- Current investments +€374,850
up €374,850 (+9.3%), from €4.0m to €4.4m
- Cash -€122,372
down €122,372 (-36.2%), from €337,777 to €215,405
mainly Current investments (-€374,850) and Contributions, distributions and other (-€280,000)
- Tangible fixed assets +€114,559
up €114,559 (+10.4%), from €1.1m to €1.2m
of which Plant, machinery and equipment: +€147,386
- Other debts +€236,469
up €236,469 (+129.0%), from €183,302 to €419,771
- Reserves +€137,700
up €137,700 (+5.5%), from €2.5m to €2.6m
of which Distributable reserves: +€137,700
- Tax, wage and social debts -€80,240
down €80,240 (-62.3%), from €128,745 to €48,505
- Financial income -€239,120
down €239,120 (-77.8%), from €307,157 to €68,037
of which Non-recurring financial income: -€252,505
- Taxes -€56,759
down €56,759 (-22.7%), from €249,829 to €193,070
- Gross operating margin -€41,644
down €41,644 (-6.0%), from €695,924 to €654,280
- Financial charges +€9,904
up €9,904 (+173.4%), from €5,713 to €15,617
of which Non-recurring financial charges: +€4,965
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 | €5,506,550 | €5,856,165 | +€349,615 | +6.3% |
| Formation expenses | 20 | - | €7,500 | +€7,500 | |
| Fixed assets | 21/28 | €1,102,474 | €1,217,033 | +€114,559 | +10.4% |
| Tangible fixed assets | 22/27 | €1,102,474 | €1,217,033 | +€114,559 | +10.4% |
| Land and buildings | 22 | €1,064,395 | €1,026,147 | -€38,248 | -3.6% |
| Plant, machinery and equipment | 23 | €32,222 | €179,608 | +€147,386 | +457.4% |
| Furniture and vehicles | 24 | €5,857 | €11,278 | +€5,421 | +92.6% |
| Current assets | 29/58 | €4,404,076 | €4,631,632 | +€227,556 | +5.2% |
| Amounts receivable within one year | 40/41 | €26,050 | €838 | -€25,212 | -96.8% |
| Trade receivables | 40 | €1,050 | €838 | -€212 | -20.2% |
| Other amounts receivable | 41 | €25,000 | - | -€25,000 | |
| Current investments | 50/53 | €4,038,669 | €4,413,519 | +€374,850 | +9.3% |
| Cash at bank and in hand | 54/58 | €337,777 | €215,405 | -€122,372 | -36.2% |
| Deferred charges and accrued income | 490/1 | €1,580 | €1,870 | +€290 | +18.4% |
| Total equity and liabilities | 10/49 | €5,506,550 | €5,856,165 | +€349,615 | +6.3% |
| Equity | 10/15 | €5,169,086 | €5,348,661 | +€179,575 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,482,710 | €2,620,410 | +€137,700 | +5.5% |
| Non-distributable reserves | 130/1 | €35,610 | €35,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,610 | €35,610 | = | 0.0% |
| Distributable reserves | 133 | €2,447,100 | €2,584,800 | +€137,700 | +5.6% |
| Profit (loss) carried forward | 14 | €2,667,776 | €2,709,651 | +€41,875 | +1.6% |
| Amounts payable | 17/49 | €337,464 | €507,504 | +€170,040 | +50.4% |
| Amounts payable within one year | 42/48 | €337,464 | €507,504 | +€170,040 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | €24,673 | - | -€24,673 | |
| Trade debts | 44 | €744 | €39,228 | +€38,484 | +5172.6% |
| Suppliers | 440/4 | €744 | €39,228 | +€38,484 | +5172.6% |
| Taxes, remuneration and social security | 45 | €128,745 | €48,505 | -€80,240 | -62.3% |
| Taxes | 450/3 | €128,745 | €48,505 | -€80,240 | -62.3% |
| Other amounts payable | 47/48 | €183,302 | €419,771 | +€236,469 | +129.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,787 | €48,468 | +€681 | +1.4% |
| Other operating charges | 640/8 | €5,422 | €5,587 | +€165 | +3.0% |
| Gross operating margin | 9900 | €695,924 | €654,280 | -€41,644 | -6.0% |
| Operating profit (loss) | 9901 | €642,715 | €600,225 | -€42,490 | -6.6% |
| Financial income | 75/76B | €307,157 | €68,037 | -€239,120 | -77.8% |
| Recurring financial income | 75 | €54,652 | €68,037 | +€13,385 | +24.5% |
| Non-recurring financial income | 76B | €252,505 | - | -€252,505 | |
| Financial charges | 65/66B | €5,713 | €15,617 | +€9,904 | +173.4% |
| Recurring financial charges | 65 | €5,713 | €10,652 | +€4,939 | +86.5% |
| Non-recurring financial charges | 66B | - | €4,965 | +€4,965 | |
| Profit (loss) for the period before taxes | 9903 | €944,159 | €652,645 | -€291,514 | -30.9% |
| Income taxes | 67/77 | €249,829 | €193,070 | -€56,759 | -22.7% |
| Profit (loss) for the period | 9904 | €694,330 | €459,575 | -€234,755 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €694,330 | €459,575 | -€234,755 | -33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.