Eddy DUTOIS-BODEN: what changed
Eddy DUTOIS-BODEN
Largest movements
- Tangible fixed assets -€96,891
down €96,891 (-33.8%), from €286,546 to €189,656
of which Leasing and similar rights: -€103,295
- Receivables within one year -€84,258
down €84,258 (-20.9%), from €403,669 to €319,411
of which Trade receivables: -€91,777
- Stocks and contracts +€12,056
up €12,056 (+61.4%), from €19,630 to €31,686
- Cash +€7,636
up €7,636 (+27.9%), from €27,343 to €34,978
mainly Depreciation (+€147,234) and Receivables within one year (+€84,258)
- Profit (loss) carried forward -€88,785
down €88,785 (-66.6%), from -€133,366 to -€222,151
- Debts after one year -€77,040
down €77,040 (-78.6%), from €98,004 to €20,964
- Tax, wage and social debts +€41,089
up €41,089 (+59.3%), from €69,343 to €110,432
of which Remuneration and social security: +€39,856
- Other debts -€24,591
down €24,591 (-8.5%), from €288,754 to €264,163
- Current portion of long-term debt -€23,649
down €23,649 (-19.0%), from €124,684 to €101,036
- Gross operating margin -€88,165
down €88,165 (-9.5%), from €932,164 to €843,999
- Depreciation -€54,739
down €54,739 (-27.1%), from €201,972 to €147,234
- Write-downs +€27,390
new in 2025: €27,390
- Staff costs -€23,180
down €23,180 (-3.2%), from €724,904 to €701,723
- Financial income +€14,027
up €14,027 (+62.3%), from €22,500 to €36,527
of which Non-recurring financial income: +€13,316
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 | €761,028 | €603,517 | -€157,512 | -20.7% |
| Fixed assets | 21/28 | €287,621 | €190,731 | -€96,891 | -33.7% |
| Tangible fixed assets | 22/27 | €286,546 | €189,656 | -€96,891 | -33.8% |
| Land and buildings | 22 | €274 | €0 | -€274 | -100% |
| Plant, machinery and equipment | 23 | €9,792 | €5,751 | -€4,042 | -41.3% |
| Furniture and vehicles | 24 | €72,699 | €83,419 | +€10,720 | +14.7% |
| Leasing and similar rights | 25 | €203,781 | €100,486 | -€103,295 | -50.7% |
| Financial fixed assets | 28 | €1,075 | €1,075 | = | 0.0% |
| Current assets | 29/58 | €473,407 | €412,786 | -€60,621 | -12.8% |
| Stocks and contracts in progress | 3 | €19,630 | €31,686 | +€12,056 | +61.4% |
| Stocks | 30/36 | €19,630 | €31,686 | +€12,056 | +61.4% |
| Amounts receivable within one year | 40/41 | €403,669 | €319,411 | -€84,258 | -20.9% |
| Trade receivables | 40 | €388,413 | €296,637 | -€91,777 | -23.6% |
| Other amounts receivable | 41 | €15,255 | €22,774 | +€7,519 | +49.3% |
| Cash at bank and in hand | 54/58 | €27,343 | €34,978 | +€7,636 | +27.9% |
| Deferred charges and accrued income | 490/1 | €22,766 | €26,711 | +€3,945 | +17.3% |
| Total equity and liabilities | 10/49 | €761,028 | €603,517 | -€157,512 | -20.7% |
| Equity | 10/15 | €21,609 | -€67,176 | -€88,785 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €104,975 | €104,975 | = | 0.0% |
| Distributable reserves | 133 | €104,975 | €104,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,366 | -€222,151 | -€88,785 | -66.6% |
| Amounts payable | 17/49 | €739,419 | €670,692 | -€68,727 | -9.3% |
| Amounts payable after more than one year | 17 | €98,004 | €20,964 | -€77,040 | -78.6% |
| Financial debts | 170/4 | €98,004 | €20,964 | -€77,040 | -78.6% |
| Amounts payable within one year | 42/48 | €640,471 | €649,728 | +€9,257 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €124,684 | €101,036 | -€23,649 | -19.0% |
| Trade debts | 44 | €156,489 | €174,097 | +€17,608 | +11.3% |
| Suppliers | 440/4 | €156,489 | €174,097 | +€17,608 | +11.3% |
| Advances received on contracts in progress | 46 | €1,200 | - | -€1,200 | |
| Taxes, remuneration and social security | 45 | €69,343 | €110,432 | +€41,089 | +59.3% |
| Taxes | 450/3 | €13,802 | €15,034 | +€1,232 | +8.9% |
| Remuneration and social security | 454/9 | €55,541 | €95,398 | +€39,856 | +71.8% |
| Other amounts payable | 47/48 | €288,754 | €264,163 | -€24,591 | -8.5% |
| Accrued charges and deferred income | 492/3 | €944 | - | -€944 | |
| Remuneration, social security and pensions | 62 | €724,904 | €701,723 | -€23,180 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,972 | €147,234 | -€54,739 | -27.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,390 | +€27,390 | |
| Other operating charges | 640/8 | €76,567 | €79,196 | +€2,629 | +3.4% |
| Gross operating margin | 9900 | €932,164 | €843,999 | -€88,165 | -9.5% |
| Operating profit (loss) | 9901 | -€71,279 | -€111,544 | -€40,265 | -56.5% |
| Financial income | 75/76B | €22,500 | €36,527 | +€14,027 | +62.3% |
| Recurring financial income | 75 | €22,500 | €711 | -€21,789 | -96.8% |
| Non-recurring financial income | 76B | €22,500 | €35,816 | +€13,316 | +59.2% |
| Financial charges | 65/66B | €10,590 | €13,684 | +€3,094 | +29.2% |
| Recurring financial charges | 65 | €10,590 | €13,684 | +€3,094 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€59,369 | -€88,701 | -€29,332 | -49.4% |
| Income taxes | 67/77 | €87 | €84 | -€4 | -4.2% |
| Profit (loss) for the period | 9904 | -€59,456 | -€88,785 | -€29,329 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,456 | -€88,785 | -€29,329 | -49.3% |
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 6 November 2026 via checked.be.