oN DUTY: 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.
oN DUTY
Largest movements
- Receivables within one year -€111,435
down €111,435 (-53.1%), from €209,782 to €98,347
of which Other amounts receivable: -€93,586
- Tangible fixed assets +€87,675
up €87,675 (+356%), from €24,610 to €112,285
of which Furniture and vehicles: +€53,898
- Current investments -€69,933
down €69,933 (-69.9%), from €100,000 to €30,067
- Cash +€38,345
up €38,345 (+94.6%), from €40,543 to €78,888
mainly Receivables within one year (+€111,435) and Current investments (+€69,933)
- Intangible fixed assets +€4,572
new in 2025: €4,572
- Profit (loss) carried forward -€93,616
down €93,616 (-46.0%), from €203,461 to €109,846
- Debts after one year +€37,246
new in 2025: €37,246
- Tax, wage and social debts -€35,717
down €35,717 (-81.4%), from €43,883 to €8,165
- Advances received +€16,984
new in 2025: €16,984
- Trade debts +€15,071
up €15,071 (+43.2%), from €34,869 to €49,939
- Gross operating margin -€137,723
down €137,723 (-77.7%), from €177,325 to €39,602
- Taxes -€31,984
down €31,984 (-78.6%), from €40,686 to €8,702
- Depreciation +€4,397
up €4,397 (+72.4%), from €6,072 to €10,469
- Financial income +€2,071
up €2,071 (+35.6%), from €5,816 to €7,887
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 | €375,312 | €324,509 | -€50,804 | -13.5% |
| Fixed assets | 21/28 | €24,610 | €116,858 | +€92,247 | +375% |
| Intangible fixed assets | 21 | - | €4,572 | +€4,572 | |
| Tangible fixed assets | 22/27 | €24,610 | €112,285 | +€87,675 | +356% |
| Plant, machinery and equipment | 23 | €22,090 | €18,515 | -€3,574 | -16.2% |
| Furniture and vehicles | 24 | €2,520 | €56,418 | +€53,898 | +2,138% |
| Other tangible fixed assets | 26 | - | €37,352 | +€37,352 | |
| Current assets | 29/58 | €350,702 | €207,651 | -€143,051 | -40.8% |
| Amounts receivable within one year | 40/41 | €209,782 | €98,347 | -€111,435 | -53.1% |
| Trade receivables | 40 | €28,457 | €10,608 | -€17,849 | -62.7% |
| Other amounts receivable | 41 | €181,324 | €87,738 | -€93,586 | -51.6% |
| Current investments | 50/53 | €100,000 | €30,067 | -€69,933 | -69.9% |
| Cash at bank and in hand | 54/58 | €40,543 | €78,888 | +€38,345 | +94.6% |
| Deferred charges and accrued income | 490/1 | €377 | €348 | -€29 | -7.6% |
| Total equity and liabilities | 10/49 | €375,312 | €324,509 | -€50,804 | -13.5% |
| Equity | 10/15 | €296,561 | €202,946 | -€93,616 | -31.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €91,100 | €91,100 | = | 0.0% |
| Distributable reserves | 133 | €91,100 | €91,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,461 | €109,846 | -€93,616 | -46.0% |
| Amounts payable | 17/49 | €78,751 | €121,563 | +€42,812 | +54.4% |
| Amounts payable after more than one year | 17 | - | €37,246 | +€37,246 | |
| Financial debts | 170/4 | - | €37,246 | +€37,246 | |
| Amounts payable within one year | 42/48 | €78,751 | €84,317 | +€5,566 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,228 | +€9,228 | |
| Trade debts | 44 | €34,869 | €49,939 | +€15,071 | +43.2% |
| Suppliers | 440/4 | €34,869 | €49,939 | +€15,071 | +43.2% |
| Advances received on contracts in progress | 46 | - | €16,984 | +€16,984 | |
| Taxes, remuneration and social security | 45 | €43,883 | €8,165 | -€35,717 | -81.4% |
| Taxes | 450/3 | €43,883 | €8,165 | -€35,717 | -81.4% |
| Non-recurring operating income | 76A | - | €3,839 | +€3,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,072 | €10,469 | +€4,397 | +72.4% |
| Other operating charges | 640/8 | €569 | €741 | +€172 | +30.3% |
| Gross operating margin | 9900 | €177,325 | €39,602 | -€137,723 | -77.7% |
| Operating profit (loss) | 9901 | €170,684 | €28,392 | -€142,293 | -83.4% |
| Financial income | 75/76B | €5,816 | €7,887 | +€2,071 | +35.6% |
| Recurring financial income | 75 | €5,816 | €7,887 | +€2,071 | +35.6% |
| Financial charges | 65/66B | €832 | €1,192 | +€360 | +43.2% |
| Recurring financial charges | 65 | €832 | €1,192 | +€360 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €175,668 | €35,086 | -€140,582 | -80.0% |
| Income taxes | 67/77 | €40,686 | €8,702 | -€31,984 | -78.6% |
| Profit (loss) for the period | 9904 | €134,983 | €26,384 | -€108,598 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €134,983 | €26,384 | -€108,598 | -80.5% |
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 22 October 2026 via checked.be.