OLIVIER DUGARDYN: what changed
OLIVIER DUGARDYN
Largest movements
- Tangible fixed assets -€45,592
down €45,592 (-17.2%), from €264,780 to €219,188
of which Furniture and vehicles: -€29,754
- Receivables within one year +€42,890
up €42,890 (+13.2%), from €323,841 to €366,731
of which Other amounts receivable: +€50,227
- Cash -€18,549
down €18,549 (-62.2%), from €29,813 to €11,264
mainly Receivables within one year (-€42,890) and Debts after one year (-€42,273)
- Debts after one year -€42,273
down €42,273 (-21.4%), from €197,995 to €155,722
- Trade debts +€24,445
up €24,445 (+245%), from €9,981 to €34,426
- Tax, wage and social debts -€13,996
down €13,996 (-37.4%), from €37,471 to €23,475
- Other debts +€8,814
up €8,814 (+2,204%), from €400 to €9,214
- Turnover -€73,572
down €73,572 (-12.1%), from €605,862 to €532,290
- Purchases and services -€38,041
down €38,041 (-7.1%), from €539,134 to €501,093
- Depreciation +€18,802
up €18,802 (+70.2%), from €26,790 to €45,592
- Taxes -€16,836
down €16,836 (-78.9%), from €21,348 to €4,512
- Financial charges +€6,490
up €6,490 (+136%), from €4,769 to €11,259
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 | €618,434 | €597,183 | -€21,251 | -3.4% |
| Fixed assets | 21/28 | €264,780 | €219,188 | -€45,592 | -17.2% |
| Tangible fixed assets | 22/27 | €264,780 | €219,188 | -€45,592 | -17.2% |
| Land and buildings | 22 | €122,839 | €107,647 | -€15,192 | -12.4% |
| Plant, machinery and equipment | 23 | €3,038 | €2,392 | -€646 | -21.3% |
| Furniture and vehicles | 24 | €138,903 | €109,149 | -€29,754 | -21.4% |
| Current assets | 29/58 | €353,654 | €377,995 | +€24,341 | +6.9% |
| Amounts receivable within one year | 40/41 | €323,841 | €366,731 | +€42,890 | +13.2% |
| Trade receivables | 40 | €169,006 | €161,669 | -€7,337 | -4.3% |
| Other amounts receivable | 41 | €154,835 | €205,062 | +€50,227 | +32.4% |
| Cash at bank and in hand | 54/58 | €29,813 | €11,264 | -€18,549 | -62.2% |
| Total equity and liabilities | 10/49 | €618,434 | €597,183 | -€21,251 | -3.4% |
| Equity | 10/15 | €316,788 | €315,736 | -€1,052 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,860 | €36,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,728 | €272,676 | -€1,052 | -0.4% |
| Amounts payable | 17/49 | €301,646 | €281,447 | -€20,199 | -6.7% |
| Amounts payable after more than one year | 17 | €197,995 | €155,722 | -€42,273 | -21.4% |
| Financial debts | 170/4 | €197,995 | €155,722 | -€42,273 | -21.4% |
| Amounts payable within one year | 42/48 | €103,651 | €125,725 | +€22,074 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €55,799 | €58,610 | +€2,811 | +5.0% |
| Trade debts | 44 | €9,981 | €34,426 | +€24,445 | +245% |
| Suppliers | 440/4 | €9,981 | €34,426 | +€24,445 | +245% |
| Taxes, remuneration and social security | 45 | €37,471 | €23,475 | -€13,996 | -37.4% |
| Taxes | 450/3 | €37,471 | €23,475 | -€13,996 | -37.4% |
| Other amounts payable | 47/48 | €400 | €9,214 | +€8,814 | +2,204% |
| Turnover | 70 | €605,862 | €532,290 | -€73,572 | -12.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €539,134 | €501,093 | -€38,041 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,790 | €45,592 | +€18,802 | +70.2% |
| Other operating charges | 640/8 | €3,243 | €1,721 | -€1,522 | -46.9% |
| Gross operating margin | 9900 | €66,728 | €63,246 | -€3,482 | -5.2% |
| Operating profit (loss) | 9901 | €36,695 | €15,933 | -€20,762 | -56.6% |
| Financial income | 75/76B | €2,421 | €189 | -€2,232 | -92.2% |
| Recurring financial income | 75 | €2,421 | €189 | -€2,232 | -92.2% |
| Financial charges | 65/66B | €4,769 | €11,259 | +€6,490 | +136% |
| Recurring financial charges | 65 | €4,769 | €11,259 | +€6,490 | +136% |
| Profit (loss) for the period before taxes | 9903 | €34,347 | €4,863 | -€29,484 | -85.8% |
| Income taxes | 67/77 | €21,348 | €4,512 | -€16,836 | -78.9% |
| Profit (loss) for the period | 9904 | €12,999 | €351 | -€12,648 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,999 | €351 | -€12,648 | -97.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.