LES DUNES: 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.
LES DUNES
Largest movements
- Current investments +€132,748
up €132,748 (+57.7%), from €230,000 to €362,748
- Cash -€79,458
down €79,458 (-85.4%), from €93,019 to €13,561
mainly Current investments (-€132,748) and Deferred charges and accrued income (-€1,651)
- Tangible fixed assets -€33,453
down €33,453 (-14.2%), from €234,848 to €201,395
of which Land and buildings: -€26,464
- Reserves +€11,058
up €11,058 (+7.0%), from €157,914 to €168,972
- Other debts +€8,757
up €8,757 (+3.9%), from €224,951 to €233,708
- Gross operating margin -€16,498
down €16,498 (-20.2%), from €81,706 to €65,208
- Financial income +€3,926
up €3,926, from €0 to €3,926
- Taxes -€1,109
down €1,109 (-18.6%), from €5,956 to €4,847
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.
Derived cash bridge
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 | €561,912 | €582,793 | +€20,881 | +3.7% |
| Fixed assets | 21/28 | €234,848 | €201,395 | -€33,453 | -14.2% |
| Tangible fixed assets | 22/27 | €234,848 | €201,395 | -€33,453 | -14.2% |
| Land and buildings | 22 | €225,843 | €199,380 | -€26,464 | -11.7% |
| Plant, machinery and equipment | 23 | €9,005 | €2,015 | -€6,989 | -77.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €327,064 | €381,398 | +€54,334 | +16.6% |
| Amounts receivable within one year | 40/41 | €4,044 | €3,437 | -€607 | -15.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,044 | €3,437 | -€607 | -15.0% |
| Current investments | 50/53 | €230,000 | €362,748 | +€132,748 | +57.7% |
| Cash at bank and in hand | 54/58 | €93,019 | €13,561 | -€79,458 | -85.4% |
| Deferred charges and accrued income | 490/1 | - | €1,651 | +€1,651 | |
| Total equity and liabilities | 10/49 | €561,912 | €582,793 | +€20,881 | +3.7% |
| Equity | 10/15 | €329,588 | €340,646 | +€11,058 | +3.4% |
| Contributions | 10/11 | €119,907 | €119,907 | = | 0.0% |
| Reserves | 13 | €157,914 | €168,972 | +€11,058 | +7.0% |
| Distributable reserves | 133 | €157,914 | €168,972 | +€11,058 | +7.0% |
| Profit (loss) carried forward | 14 | €51,768 | €51,768 | = | 0.0% |
| Amounts payable | 17/49 | €232,323 | €242,147 | +€9,823 | +4.2% |
| Amounts payable within one year | 42/48 | €232,323 | €242,147 | +€9,823 | +4.2% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | €7,246 | €8,311 | +€1,065 | +14.7% |
| Taxes | 450/3 | €7,246 | €8,311 | +€1,065 | +14.7% |
| Other amounts payable | 47/48 | €224,951 | €233,708 | +€8,757 | +3.9% |
| Remuneration, social security and pensions | 62 | €1,760 | €2,150 | +€390 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,088 | €33,453 | -€635 | -1.9% |
| Other operating charges | 640/8 | €2,096 | €1,770 | -€326 | -15.6% |
| Gross operating margin | 9900 | €81,706 | €65,208 | -€16,498 | -20.2% |
| Operating profit (loss) | 9901 | €43,762 | €27,836 | -€15,927 | -36.4% |
| Financial income | 75/76B | €0 | €3,926 | +€3,926 | |
| Recurring financial income | 75 | €0 | €3,926 | +€3,926 | |
| Financial charges | 65/66B | €15,950 | €15,857 | -€93 | -0.6% |
| Recurring financial charges | 65 | €15,950 | €15,857 | -€93 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €27,812 | €15,905 | -€11,907 | -42.8% |
| Income taxes | 67/77 | €5,956 | €4,847 | -€1,109 | -18.6% |
| Profit (loss) for the period | 9904 | €21,856 | €11,058 | -€10,798 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,856 | €11,058 | -€10,798 | -49.4% |
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 13 October 2026 via checked.be.