DUVIPHAR: 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.
DUVIPHAR
Largest movements
- Receivables within one year +€98,772
up €98,772 (+46.1%), from €214,080 to €312,852
of which Other amounts receivable: +€196,253
- Intangible fixed assets +€87,029
new in 2025: €87,029
- Tangible fixed assets +€34,848
up €34,848 (+8360.3%), from €417 to €35,265
of which Leasing and similar rights: +€35,265
- Cash +€20,091
up €20,091 (+222.2%), from €9,042 to €29,133
mainly Other debts (+€401,492) and Net result for the year (+€49,077)
- Other debts +€401,492
up €401,492 (+63.5%), from €631,940 to €1.0m
- Debts after one year -€242,564
down €242,564 (-28.0%), from €865,053 to €622,489
of which Other amounts payable: -€221,561
- Profit (loss) carried forward +€49,077
up €49,077 (+94.4%), from -€52,014 to -€2,937
- Tax, wage and social debts +€18,387
up €18,387 (+139.7%), from €13,166 to €31,553
- Taxes +€9,373
up €9,373 (+88.6%), from €10,579 to €19,951
- Gross operating margin +€5,099
up €5,099 (+5.3%), from €95,307 to €100,405
- Other operating charges +€1,815
up €1,815 (+274.4%), from €662 to €2,477
- Depreciation +€1,606
up €1,606 (+17.2%), from €9,316 to €10,922
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 | €1,524,373 | €1,764,964 | +€240,591 | +15.8% |
| Fixed assets | 21/28 | €1,300,417 | €1,422,294 | +€121,877 | +9.4% |
| Intangible fixed assets | 21 | - | €87,029 | +€87,029 | |
| Tangible fixed assets | 22/27 | €417 | €35,265 | +€34,848 | +8360.3% |
| Furniture and vehicles | 24 | €417 | - | -€417 | |
| Leasing and similar rights | 25 | - | €35,265 | +€35,265 | |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €223,956 | €342,670 | +€118,714 | +53.0% |
| Amounts receivable within one year | 40/41 | €214,080 | €312,852 | +€98,772 | +46.1% |
| Trade receivables | 40 | €214,048 | €116,567 | -€97,481 | -45.5% |
| Other amounts receivable | 41 | €31 | €196,284 | +€196,253 | +630633.4% |
| Cash at bank and in hand | 54/58 | €9,042 | €29,133 | +€20,091 | +222.2% |
| Deferred charges and accrued income | 490/1 | €835 | €685 | -€149 | -17.9% |
| Total equity and liabilities | 10/49 | €1,524,373 | €1,764,964 | +€240,591 | +15.8% |
| Equity | 10/15 | -€33,414 | €15,663 | +€49,077 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,014 | -€2,937 | +€49,077 | +94.4% |
| Amounts payable | 17/49 | €1,557,787 | €1,749,301 | +€191,514 | +12.3% |
| Amounts payable after more than one year | 17 | €865,053 | €622,489 | -€242,564 | -28.0% |
| Financial debts | 170/4 | €643,492 | €622,489 | -€21,003 | -3.3% |
| Other amounts payable | 178/9 | €221,561 | - | -€221,561 | |
| Amounts payable within one year | 42/48 | €692,734 | €1,126,812 | +€434,078 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €47,241 | €56,367 | +€9,126 | +19.3% |
| Trade debts | 44 | €387 | €5,460 | +€5,072 | +1309.5% |
| Suppliers | 440/4 | €387 | €5,460 | +€5,072 | +1309.5% |
| Taxes, remuneration and social security | 45 | €13,166 | €31,553 | +€18,387 | +139.7% |
| Taxes | 450/3 | €13,166 | €31,553 | +€18,387 | +139.7% |
| Other amounts payable | 47/48 | €631,940 | €1,033,432 | +€401,492 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,316 | €10,922 | +€1,606 | +17.2% |
| Other operating charges | 640/8 | €662 | €2,477 | +€1,815 | +274.4% |
| Gross operating margin | 9900 | €95,307 | €100,405 | +€5,099 | +5.3% |
| Operating profit (loss) | 9901 | €85,329 | €87,006 | +€1,677 | +2.0% |
| Financial income | 75/76B | €22 | €82 | +€59 | +269.3% |
| Recurring financial income | 75 | €22 | €82 | +€59 | +269.3% |
| Financial charges | 65/66B | €18,593 | €18,059 | -€534 | -2.9% |
| Recurring financial charges | 65 | €18,593 | €18,059 | -€534 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €66,758 | €69,029 | +€2,270 | +3.4% |
| Income taxes | 67/77 | €10,579 | €19,951 | +€9,373 | +88.6% |
| Profit (loss) for the period | 9904 | €56,180 | €49,077 | -€7,103 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,180 | €49,077 | -€7,103 | -12.6% |
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 10 October 2026 via checked.be.