Duzenborch: what changed
Duzenborch
Largest movements
- Cash +€136,176
up €136,176 (+84.5%), from €161,242 to €297,418
mainly Net result for the year (+€150,009) and Depreciation (+€41,718)
- Tangible fixed assets -€27,640
down €27,640 (-15.2%), from €181,513 to €153,873
of which Furniture and vehicles: -€26,142
- Current investments -€23,800
down €23,800 (-8.7%), from €273,800 to €250,000
- Receivables within one year +€18,928
up €18,928 (+123%), from €15,431 to €34,359
- Reserves +€97,100
up €97,100 (+17.3%), from €560,645 to €657,744
- Other debts +€22,209
up €22,209 (+67.5%), from €32,879 to €55,088
- Tax, wage and social debts -€13,814
down €13,814 (-43.4%), from €31,815 to €18,001
- Financial income -€28,712
down €28,712 (-47.8%), from €60,119 to €31,406
- Gross operating margin -€20,306
down €20,306 (-8.6%), from €235,432 to €215,126
- Depreciation +€17,265
up €17,265 (+70.6%), from €24,453 to €41,718
- Taxes -€11,574
down €11,574 (-17.7%), from €65,411 to €53,837
- Turnover +€6,808
up €6,808 (+2.1%), from €320,757 to €327,565
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 | €633,938 | €738,308 | +€104,370 | +16.5% |
| Fixed assets | 21/28 | €181,513 | €153,873 | -€27,640 | -15.2% |
| Tangible fixed assets | 22/27 | €181,513 | €153,873 | -€27,640 | -15.2% |
| Land and buildings | 22 | €33,394 | €25,884 | -€7,510 | -22.5% |
| Plant, machinery and equipment | 23 | €12,286 | €10,773 | -€1,512 | -12.3% |
| Furniture and vehicles | 24 | €124,313 | €98,171 | -€26,142 | -21.0% |
| Other tangible fixed assets | 26 | €11,520 | €19,045 | +€7,525 | +65.3% |
| Current assets | 29/58 | €452,425 | €584,435 | +€132,010 | +29.2% |
| Amounts receivable within one year | 40/41 | €15,431 | €34,359 | +€18,928 | +123% |
| Other amounts receivable | 41 | €15,431 | €34,359 | +€18,928 | +123% |
| Current investments | 50/53 | €273,800 | €250,000 | -€23,800 | -8.7% |
| Cash at bank and in hand | 54/58 | €161,242 | €297,418 | +€136,176 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,952 | €2,658 | +€706 | +36.2% |
| Total equity and liabilities | 10/49 | €633,938 | €738,308 | +€104,370 | +16.5% |
| Equity | 10/15 | €567,205 | €664,305 | +€97,100 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €560,645 | €657,744 | +€97,100 | +17.3% |
| Distributable reserves | 133 | €560,645 | €657,744 | +€97,100 | +17.3% |
| Profit (loss) carried forward | 14 | €360 | €360 | = | 0.0% |
| Amounts payable | 17/49 | €66,733 | €74,003 | +€7,270 | +10.9% |
| Amounts payable within one year | 42/48 | €64,694 | €73,089 | +€8,396 | +13.0% |
| Taxes, remuneration and social security | 45 | €31,815 | €18,001 | -€13,814 | -43.4% |
| Taxes | 450/3 | €31,815 | €18,001 | -€13,814 | -43.4% |
| Other amounts payable | 47/48 | €32,879 | €55,088 | +€22,209 | +67.5% |
| Accrued charges and deferred income | 492/3 | €2,039 | €914 | -€1,125 | -55.2% |
| Turnover | 70 | €320,757 | €327,565 | +€6,808 | +2.1% |
| Non-recurring operating income | 76A | €26,000 | €0 | -€26,000 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,622 | €117,661 | +€2,039 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,453 | €41,718 | +€17,265 | +70.6% |
| Other operating charges | 640/8 | €506 | €644 | +€138 | +27.2% |
| Non-recurring operating charges | 66A | €24,339 | €0 | -€24,339 | -100% |
| Gross operating margin | 9900 | €235,432 | €215,126 | -€20,306 | -8.6% |
| Operating profit (loss) | 9901 | €186,133 | €172,763 | -€13,370 | -7.2% |
| Financial income | 75/76B | €60,119 | €31,406 | -€28,712 | -47.8% |
| Recurring financial income | 75 | €60,119 | €31,406 | -€28,712 | -47.8% |
| Financial charges | 65/66B | €1,750 | €323 | -€1,427 | -81.5% |
| Recurring financial charges | 65 | €1,750 | €323 | -€1,427 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €244,502 | €203,847 | -€40,656 | -16.6% |
| Income taxes | 67/77 | €65,411 | €53,837 | -€11,574 | -17.7% |
| Profit (loss) for the period | 9904 | €179,091 | €150,009 | -€29,082 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €179,091 | €150,009 | -€29,082 | -16.2% |
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 4 November 2026 via checked.be.