DUTRA: 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.
DUTRA
Largest movements
- Receivables within one year -€427,217
down €427,217 (-33.3%), from €1.3m to €857,443
of which Trade receivables: -€427,864
- Deferred charges and accrued income +€57,599
up €57,599 (+304.1%), from €18,943 to €76,542
- Tangible fixed assets -€55,774
down €55,774 (-49.0%), from €113,769 to €57,995
- Cash +€43,218
up €43,218 (+32.9%), from €131,531 to €174,749
mainly Receivables within one year (+€427,217) and Depreciation (+€109,079)
- Formation expenses -€39,841
down €39,841 (-58.1%), from €68,614 to €28,773
- Other debts -€150,370
down €150,370 (-38.5%), from €390,370 to €240,000
- Trade debts -€148,000
down €148,000 (-32.6%), from €453,977 to €305,977
- Short-term financial debts -€60,681
down €60,681 (-26.3%), from €230,352 to €169,670
- Debts after one year -€39,737
down €39,737 (-84.1%), from €47,237 to €7,500
- Gross operating margin +€78,920
up €78,920 (+5.3%), from €1.5m to €1.6m
- Staff costs +€50,721
up €50,721 (+3.7%), from €1.4m to €1.4m
- Financial income -€32,694
down €32,694 (-69.3%), from €47,188 to €14,495
- Write-downs +€17,242
up €17,242, from -€17,045 to €197
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 | €3,166,370 | €2,708,300 | -€458,070 | -14.5% |
| Formation expenses | 20 | €68,614 | €28,773 | -€39,841 | -58.1% |
| Fixed assets | 21/28 | €233,560 | €166,716 | -€66,844 | -28.6% |
| Intangible fixed assets | 21 | €109,831 | €98,760 | -€11,071 | -10.1% |
| Tangible fixed assets | 22/27 | €113,769 | €57,995 | -€55,774 | -49.0% |
| Plant, machinery and equipment | 23 | €24,437 | €2,025 | -€22,412 | -91.7% |
| Furniture and vehicles | 24 | €52,488 | €25,377 | -€27,110 | -51.7% |
| Other tangible fixed assets | 26 | €36,845 | €30,593 | -€6,252 | -17.0% |
| Financial fixed assets | 28 | €9,960 | €9,960 | = | 0.0% |
| Current assets | 29/58 | €2,864,196 | €2,512,812 | -€351,385 | -12.3% |
| Stocks and contracts in progress | 3 | €1,429,062 | €1,404,077 | -€24,985 | -1.7% |
| Stocks | 30/36 | €1,429,062 | €1,404,077 | -€24,985 | -1.7% |
| Amounts receivable within one year | 40/41 | €1,284,660 | €857,443 | -€427,217 | -33.3% |
| Trade receivables | 40 | €1,282,910 | €855,046 | -€427,864 | -33.4% |
| Other amounts receivable | 41 | €1,750 | €2,397 | +€647 | +36.9% |
| Cash at bank and in hand | 54/58 | €131,531 | €174,749 | +€43,218 | +32.9% |
| Deferred charges and accrued income | 490/1 | €18,943 | €76,542 | +€57,599 | +304.1% |
| Total equity and liabilities | 10/49 | €3,166,370 | €2,708,300 | -€458,070 | -14.5% |
| Equity | 10/15 | €1,651,219 | €1,655,642 | +€4,423 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €40,783 | €40,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €34,583 | €34,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,548,437 | €1,552,860 | +€4,423 | +0.3% |
| Amounts payable | 17/49 | €1,515,151 | €1,052,658 | -€462,493 | -30.5% |
| Amounts payable after more than one year | 17 | €47,237 | €7,500 | -€39,737 | -84.1% |
| Financial debts | 170/4 | €47,237 | €7,500 | -€39,737 | -84.1% |
| Amounts payable within one year | 42/48 | €1,464,338 | €1,045,158 | -€419,180 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €77,613 | €47,236 | -€30,376 | -39.1% |
| Financial debts | 43 | €230,352 | €169,670 | -€60,681 | -26.3% |
| Credit institutions | 430/8 | €230,352 | €169,670 | -€60,681 | -26.3% |
| Trade debts | 44 | €453,977 | €305,977 | -€148,000 | -32.6% |
| Suppliers | 440/4 | €453,977 | €305,977 | -€148,000 | -32.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €312,026 | €282,274 | -€29,753 | -9.5% |
| Taxes | 450/3 | €141,385 | €89,702 | -€51,683 | -36.6% |
| Remuneration and social security | 454/9 | €170,641 | €192,571 | +€21,930 | +12.9% |
| Other amounts payable | 47/48 | €390,370 | €240,000 | -€150,370 | -38.5% |
| Accrued charges and deferred income | 492/3 | €3,576 | €0 | -€3,576 | -100.0% |
| Non-recurring operating income | 76A | - | €171,424 | +€171,424 | |
| Remuneration, social security and pensions | 62 | €1,376,546 | €1,427,267 | +€50,721 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,455 | €109,079 | -€4,376 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,045 | €197 | +€17,242 | |
| Other operating charges | 640/8 | €19,548 | €8,512 | -€11,036 | -56.5% |
| Non-recurring operating charges | 66A | €12,716 | €6,855 | -€5,861 | -46.1% |
| Gross operating margin | 9900 | €1,495,654 | €1,574,575 | +€78,920 | +5.3% |
| Operating profit (loss) | 9901 | -€9,566 | €22,665 | +€32,231 | |
| Financial income | 75/76B | €47,188 | €14,495 | -€32,694 | -69.3% |
| Recurring financial income | 75 | €47,188 | €14,495 | -€32,694 | -69.3% |
| Financial charges | 65/66B | €31,290 | €32,521 | +€1,230 | +3.9% |
| Recurring financial charges | 65 | €31,290 | €32,521 | +€1,230 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €6,332 | €4,640 | -€1,693 | -26.7% |
| Income taxes | 67/77 | €2,594 | €217 | -€2,377 | -91.6% |
| Profit (loss) for the period | 9904 | €3,738 | €4,423 | +€685 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,738 | €4,423 | +€685 | +18.3% |
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 2 October 2026 via checked.be.