DUTHOO B.: 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.
DUTHOO B.
Largest movements
- Receivables within one year +€78,083
up €78,083 (+52.2%), from €149,574 to €227,657
of which Trade receivables: +€73,283
- Tangible fixed assets +€54,334
up €54,334 (+859%), from €6,327 to €60,661
of which Furniture and vehicles: +€54,334
- Current investments +€20,000
new in 2025: €20,000
- Cash -€12,177
down €12,177 (-20.5%), from €59,478 to €47,301
mainly Receivables within one year (-€78,083) and Investment in fixed assets (net) (-€61,352)
- Deferred charges and accrued income +€8,040
up €8,040 (+364%), from €2,208 to €10,249
- Trade debts +€47,060
up €47,060 (+145%), from €32,356 to €79,416
- Reserves +€44,882
up €44,882 (+23.3%), from €192,612 to €237,494
- Debts after one year +€40,767
new in 2025: €40,767
- Current portion of long-term debt +€11,366
new in 2025: €11,366
- Gross operating margin +€29,713
up €29,713 (+53.4%), from €55,640 to €85,353
- Depreciation +€7,711
up €7,711 (+265%), from €2,907 to €10,618
- Taxes +€5,954
up €5,954 (+38.8%), from €15,347 to €21,301
- Financial income +€1,136
up €1,136 (+27.0%), from €4,205 to €5,340
- Financial charges +€1,087
up €1,087 (+36.2%), from €3,000 to €4,087
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 | €245,818 | €390,498 | +€144,680 | +58.9% |
| Fixed assets | 21/28 | €32,558 | €83,292 | +€50,734 | +156% |
| Tangible fixed assets | 22/27 | €6,327 | €60,661 | +€54,334 | +859% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,327 | €60,661 | +€54,334 | +859% |
| Financial fixed assets | 28 | €26,231 | €22,631 | -€3,600 | -13.7% |
| Current assets | 29/58 | €213,260 | €307,206 | +€93,946 | +44.1% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,574 | €227,657 | +€78,083 | +52.2% |
| Trade receivables | 40 | €69,758 | €143,041 | +€73,283 | +105% |
| Other amounts receivable | 41 | €79,816 | €84,616 | +€4,801 | +6.0% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €59,478 | €47,301 | -€12,177 | -20.5% |
| Deferred charges and accrued income | 490/1 | €2,208 | €10,249 | +€8,040 | +364% |
| Total equity and liabilities | 10/49 | €245,818 | €390,498 | +€144,680 | +58.9% |
| Equity | 10/15 | €211,212 | €256,094 | +€44,882 | +21.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,612 | €237,494 | +€44,882 | +23.3% |
| Distributable reserves | 133 | €192,612 | €237,494 | +€44,882 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,606 | €134,404 | +€99,799 | +288% |
| Amounts payable after more than one year | 17 | - | €40,767 | +€40,767 | |
| Financial debts | 170/4 | - | €40,767 | +€40,767 | |
| Amounts payable within one year | 42/48 | €34,606 | €93,638 | +€59,032 | +171% |
| Current portion of amounts payable after more than one year | 42 | - | €11,366 | +€11,366 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €32,356 | €79,416 | +€47,060 | +145% |
| Suppliers | 440/4 | €32,356 | €79,416 | +€47,060 | +145% |
| Taxes, remuneration and social security | 45 | €2,250 | €2,856 | +€606 | +27.0% |
| Taxes | 450/3 | €2,250 | €2,856 | +€606 | +27.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,350 | +€12,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,907 | €10,618 | +€7,711 | +265% |
| Other operating charges | 640/8 | €1,110 | €796 | -€313 | -28.2% |
| Gross operating margin | 9900 | €55,640 | €85,353 | +€29,713 | +53.4% |
| Operating profit (loss) | 9901 | €51,624 | €73,938 | +€22,315 | +43.2% |
| Financial income | 75/76B | €4,205 | €5,340 | +€1,136 | +27.0% |
| Recurring financial income | 75 | €4,205 | €5,340 | +€1,136 | +27.0% |
| Financial charges | 65/66B | €3,000 | €4,087 | +€1,087 | +36.2% |
| Recurring financial charges | 65 | €3,000 | €4,087 | +€1,087 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €52,828 | €75,192 | +€22,363 | +42.3% |
| Income taxes | 67/77 | €15,347 | €21,301 | +€5,954 | +38.8% |
| Profit (loss) for the period | 9904 | €37,482 | €53,891 | +€16,409 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,482 | €53,891 | +€16,409 | +43.8% |
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 16 October 2026 via checked.be.