Duvest: 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.
Duvest
Largest movements
- Receivables within one year +€39,395
up €39,395 (+389.9%), from €10,104 to €49,499
of which Other amounts receivable: +€39,395
- Cash -€7,673
down €7,673 (-16.6%), from €46,303 to €38,630
mainly Contributions, distributions and other (-€91,821) and Receivables within one year (-€39,395)
- Tangible fixed assets -€4,690
down €4,690 (-22.3%), from €21,006 to €16,316
of which Furniture and vehicles: -€2,994
- Deferred charges and accrued income +€1,378
up €1,378 (+909.8%), from €152 to €1,530
- Other debts +€91,821
up €91,821, from €0 to €91,821
- Reserves -€51,423
down €51,423 (-100.0%), from €51,423 to €0
- Tax, wage and social debts -€9,836
down €9,836 (-51.8%), from €18,982 to €9,146
of which Taxes: -€9,815
- Trade debts -€2,091
down €2,091 (-59.3%), from €3,529 to €1,438
- Gross operating margin -€2,753
down €2,753 (-4.4%), from €61,976 to €59,223
- Taxes +€2,112
up €2,112 (+16.9%), from €12,501 to €14,613
- Financial income -€1,271
down €1,271 (-43.7%), from €2,907 to €1,636
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 | €77,564 | €105,975 | +€28,411 | +36.6% |
| Fixed assets | 21/28 | €21,006 | €16,316 | -€4,690 | -22.3% |
| Tangible fixed assets | 22/27 | €21,006 | €16,316 | -€4,690 | -22.3% |
| Furniture and vehicles | 24 | €7,320 | €4,327 | -€2,994 | -40.9% |
| Other tangible fixed assets | 26 | €13,685 | €11,989 | -€1,696 | -12.4% |
| Current assets | 29/58 | €56,559 | €89,659 | +€33,101 | +58.5% |
| Amounts receivable within one year | 40/41 | €10,104 | €49,499 | +€39,395 | +389.9% |
| Trade receivables | 40 | €10,104 | €10,104 | = | 0.0% |
| Other amounts receivable | 41 | - | €39,395 | +€39,395 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €46,303 | €38,630 | -€7,673 | -16.6% |
| Deferred charges and accrued income | 490/1 | €152 | €1,530 | +€1,378 | +909.8% |
| Total equity and liabilities | 10/49 | €77,564 | €105,975 | +€28,411 | +36.6% |
| Equity | 10/15 | €54,423 | €3,000 | -€51,423 | -94.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,423 | €0 | -€51,423 | -100.0% |
| Distributable reserves | 133 | €51,423 | €0 | -€51,423 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,142 | €102,975 | +€79,833 | +345.0% |
| Amounts payable within one year | 42/48 | €22,511 | €102,405 | +€79,894 | +354.9% |
| Trade debts | 44 | €3,529 | €1,438 | -€2,091 | -59.3% |
| Suppliers | 440/4 | €3,529 | €1,438 | -€2,091 | -59.3% |
| Taxes, remuneration and social security | 45 | €18,982 | €9,146 | -€9,836 | -51.8% |
| Taxes | 450/3 | €17,760 | €7,946 | -€9,815 | -55.3% |
| Remuneration and social security | 454/9 | €1,222 | €1,200 | -€22 | -1.8% |
| Other amounts payable | 47/48 | €0 | €91,821 | +€91,821 | |
| Accrued charges and deferred income | 492/3 | €631 | €571 | -€61 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,474 | €4,690 | +€216 | +4.8% |
| Other operating charges | 640/8 | €998 | €1,014 | +€16 | +1.6% |
| Gross operating margin | 9900 | €61,976 | €59,223 | -€2,753 | -4.4% |
| Operating profit (loss) | 9901 | €56,504 | €53,520 | -€2,985 | -5.3% |
| Financial income | 75/76B | €2,907 | €1,636 | -€1,271 | -43.7% |
| Recurring financial income | 75 | €2,907 | €1,636 | -€1,271 | -43.7% |
| Financial charges | 65/66B | €101 | €144 | +€43 | +43.1% |
| Recurring financial charges | 65 | €101 | €144 | +€43 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €59,310 | €55,012 | -€4,299 | -7.2% |
| Income taxes | 67/77 | €12,501 | €14,613 | +€2,112 | +16.9% |
| Profit (loss) for the period | 9904 | €46,809 | €40,399 | -€6,410 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,809 | €40,399 | -€6,410 | -13.7% |
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 7 October 2026 via checked.be.