DUVAL UNION ACADEMY: what changed
DUVAL UNION ACADEMY
Largest movements
- Receivables within one year +€22,182
up €22,182 (+26.0%), from €85,257 to €107,439
of which Other amounts receivable: +€107,228
- Cash -€9,616
down €9,616 (-88.1%), from €10,912 to €1,297
mainly Other debts (-€104,525) and Trade debts (-€92,578)
- Profit (loss) carried forward +€164,009
up €164,009 (+91.0%), from -€180,291 to -€16,282
- Other debts -€104,525
down €104,525 (-64.9%), from €161,026 to €56,501
- Trade debts -€92,578
down €92,578 (-84.3%), from €109,776 to €17,198
- Tax, wage and social debts +€45,465
new in 2025: €45,465
- Gross operating margin +€164,665
up €164,665, from -€298 to €164,367
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,994 | €109,366 | +€12,372 | +12.8% |
| Current assets | 29/58 | €96,994 | €109,366 | +€12,372 | +12.8% |
| Amounts receivable within one year | 40/41 | €85,257 | €107,439 | +€22,182 | +26.0% |
| Trade receivables | 40 | €85,046 | - | -€85,046 | |
| Other amounts receivable | 41 | €211 | €107,439 | +€107,228 | +50,853% |
| Cash at bank and in hand | 54/58 | €10,912 | €1,297 | -€9,616 | -88.1% |
| Deferred charges and accrued income | 490/1 | €824 | €630 | -€195 | -23.6% |
| Total equity and liabilities | 10/49 | €96,994 | €109,366 | +€12,372 | +12.8% |
| Equity | 10/15 | -€173,808 | -€9,799 | +€164,009 | +94.4% |
| Contributions | 10/11 | €6,233 | €6,233 | = | 0.0% |
| Capital | 10 | €6,233 | €6,233 | = | 0.0% |
| Issued capital | 100 | €18,700 | €18,700 | = | 0.0% |
| Uncalled capital | 101 | €12,467 | €12,467 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Legal reserve | 130 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,291 | -€16,282 | +€164,009 | +91.0% |
| Amounts payable | 17/49 | €270,802 | €119,164 | -€151,637 | -56.0% |
| Amounts payable within one year | 42/48 | €270,802 | €119,164 | -€151,637 | -56.0% |
| Trade debts | 44 | €109,776 | €17,198 | -€92,578 | -84.3% |
| Suppliers | 440/4 | €109,776 | €17,198 | -€92,578 | -84.3% |
| Taxes, remuneration and social security | 45 | - | €45,465 | +€45,465 | |
| Taxes | 450/3 | - | €45,465 | +€45,465 | |
| Other amounts payable | 47/48 | €161,026 | €56,501 | -€104,525 | -64.9% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | -€298 | €164,367 | +€164,665 | |
| Operating profit (loss) | 9901 | -€804 | €164,247 | +€165,050 | |
| Financial charges | 65/66B | - | €238 | +€238 | |
| Recurring financial charges | 65 | - | €238 | +€238 | |
| Profit (loss) for the period before taxes | 9903 | -€804 | €164,009 | +€164,813 | |
| Profit (loss) for the period | 9904 | -€804 | €164,009 | +€164,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€804 | €164,009 | +€164,813 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.