DUTYNPULL: 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.
DUTYNPULL
Largest movements
- Tangible fixed assets +€187,321
up €187,321 (+175%), from €107,179 to €294,501
of which Land and buildings: +€171,441
- Receivables within one year +€122,138
up €122,138 (+216%), from €56,503 to €178,641
of which Other amounts receivable: +€103,848
- Advances received +€179,422
new in 2024: €179,422
- Reserves +€85,000
up €85,000 (+94.4%), from €90,000 to €175,000
- Tax, wage and social debts +€30,699
up €30,699 (+84.6%), from €36,281 to €66,979
of which Taxes: +€22,944
- Current portion of long-term debt +€7,574
up €7,574 (+111%), from €6,835 to €14,409
- Trade debts +€7,105
up €7,105 (+131%), from €5,403 to €12,508
- Gross operating margin +€171,925
up €171,925 (+59.1%), from €290,880 to €462,805
- Staff costs +€150,942
up €150,942 (+90.3%), from €167,156 to €318,098
- Depreciation +€14,245
up €14,245 (+135%), from €10,547 to €24,792
- Taxes -€13,246
down €13,246 (-35.2%), from €37,651 to €24,405
- Other operating charges +€11,278
up €11,278 (+894%), from €1,261 to €12,539
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.
Derived cash bridge
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 | €203,895 | €514,697 | +€310,801 | +152% |
| Fixed assets | 21/28 | €108,479 | €295,801 | +€187,321 | +173% |
| Tangible fixed assets | 22/27 | €107,179 | €294,501 | +€187,321 | +175% |
| Land and buildings | 22 | €68,835 | €240,276 | +€171,441 | +249% |
| Plant, machinery and equipment | 23 | €11,430 | €12,596 | +€1,167 | +10.2% |
| Furniture and vehicles | 24 | €26,915 | €41,628 | +€14,713 | +54.7% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €95,416 | €218,896 | +€123,480 | +129% |
| Amounts receivable within one year | 40/41 | €56,503 | €178,641 | +€122,138 | +216% |
| Trade receivables | 40 | €18,013 | €36,303 | +€18,290 | +102% |
| Other amounts receivable | 41 | €38,490 | €142,338 | +€103,848 | +270% |
| Cash at bank and in hand | 54/58 | €38,695 | €38,529 | -€166 | -0.4% |
| Deferred charges and accrued income | 490/1 | €218 | €1,726 | +€1,508 | +691% |
| Total equity and liabilities | 10/49 | €203,895 | €514,697 | +€310,801 | +152% |
| Equity | 10/15 | €96,433 | €178,642 | +€82,209 | +85.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €90,000 | €175,000 | +€85,000 | +94.4% |
| Distributable reserves | 133 | €90,000 | €175,000 | +€85,000 | +94.4% |
| Profit (loss) carried forward | 14 | €3,933 | €1,142 | -€2,792 | -71.0% |
| Amounts payable | 17/49 | €107,462 | €336,055 | +€228,593 | +213% |
| Amounts payable after more than one year | 17 | €55,163 | €58,044 | +€2,881 | +5.2% |
| Financial debts | 170/4 | €55,163 | €58,044 | +€2,881 | +5.2% |
| Amounts payable within one year | 42/48 | €48,519 | €273,319 | +€224,800 | +463% |
| Current portion of amounts payable after more than one year | 42 | €6,835 | €14,409 | +€7,574 | +111% |
| Trade debts | 44 | €5,403 | €12,508 | +€7,105 | +131% |
| Suppliers | 440/4 | €5,403 | €12,508 | +€7,105 | +131% |
| Advances received on contracts in progress | 46 | - | €179,422 | +€179,422 | |
| Taxes, remuneration and social security | 45 | €36,281 | €66,979 | +€30,699 | +84.6% |
| Taxes | 450/3 | €32,101 | €55,045 | +€22,944 | +71.5% |
| Remuneration and social security | 454/9 | €4,179 | €11,935 | +€7,755 | +186% |
| Accrued charges and deferred income | 492/3 | €3,780 | €4,692 | +€912 | +24.1% |
| Non-recurring operating income | 76A | - | €714 | +€714 | |
| Remuneration, social security and pensions | 62 | €167,156 | €318,098 | +€150,942 | +90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,547 | €24,792 | +€14,245 | +135% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,917 | -€7,917 | |
| Other operating charges | 640/8 | €1,261 | €12,539 | +€11,278 | +894% |
| Gross operating margin | 9900 | €290,880 | €462,805 | +€171,925 | +59.1% |
| Operating profit (loss) | 9901 | €111,916 | €115,293 | +€3,377 | +3.0% |
| Financial income | 75/76B | €346 | €2,474 | +€2,129 | +616% |
| Recurring financial income | 75 | €346 | €2,474 | +€2,129 | +616% |
| Financial charges | 65/66B | €1,508 | €11,154 | +€9,646 | +640% |
| Recurring financial charges | 65 | €1,508 | €11,154 | +€9,646 | +640% |
| Profit (loss) for the period before taxes | 9903 | €110,754 | €106,614 | -€4,140 | -3.7% |
| Income taxes | 67/77 | €37,651 | €24,405 | -€13,246 | -35.2% |
| Profit (loss) for the period | 9904 | €73,103 | €82,209 | +€9,105 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,103 | €82,209 | +€9,105 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.