René DUBAIL: 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.
René DUBAIL
Largest movements
- Tangible fixed assets -€20,570
down €20,570 (-4.1%), from €502,656 to €482,086
- Cash +€13,914
up €13,914 (+21.2%), from €65,622 to €79,536
mainly Other debts (+€35,000) and Depreciation (+€20,570)
- Reserves -€50,000
down €50,000 (-6.9%), from €728,428 to €678,428
- Other debts +€35,000
new in 2025: €35,000
- Tax, wage and social debts +€15,000
new in 2025: €15,000
- Short-term financial debts -€8,605
down €8,605 (-40.4%), from €21,292 to €12,687
- Gross operating margin +€475
up €475 (+1.8%), from €26,730 to €27,205
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 | €568,278 | €561,622 | -€6,656 | -1.2% |
| Fixed assets | 21/28 | €502,656 | €482,086 | -€20,570 | -4.1% |
| Tangible fixed assets | 22/27 | €502,656 | €482,086 | -€20,570 | -4.1% |
| Land and buildings | 22 | €502,656 | €482,086 | -€20,570 | -4.1% |
| Current assets | 29/58 | €65,622 | €79,536 | +€13,914 | +21.2% |
| Cash at bank and in hand | 54/58 | €65,622 | €79,536 | +€13,914 | +21.2% |
| Total equity and liabilities | 10/49 | €568,278 | €561,622 | -€6,656 | -1.2% |
| Equity | 10/15 | €545,723 | €497,958 | -€47,765 | -8.8% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €728,428 | €678,428 | -€50,000 | -6.9% |
| Distributable reserves | 133 | €728,428 | €678,428 | -€50,000 | -6.9% |
| Profit (loss) carried forward | 14 | -€219,889 | -€217,654 | +€2,235 | +1.0% |
| Amounts payable | 17/49 | €22,555 | €63,664 | +€41,109 | +182% |
| Amounts payable within one year | 42/48 | €22,555 | €62,964 | +€40,409 | +179% |
| Financial debts | 43 | €21,292 | €12,687 | -€8,605 | -40.4% |
| Other loans | 439 | €21,292 | €12,687 | -€8,605 | -40.4% |
| Trade debts | 44 | €1,263 | €277 | -€986 | -78.1% |
| Suppliers | 440/4 | €1,263 | €277 | -€986 | -78.1% |
| Taxes, remuneration and social security | 45 | - | €15,000 | +€15,000 | |
| Taxes | 450/3 | - | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,570 | €20,570 | = | 0.0% |
| Other operating charges | 640/8 | €4,300 | €4,327 | +€27 | +0.6% |
| Gross operating margin | 9900 | €26,730 | €27,205 | +€475 | +1.8% |
| Operating profit (loss) | 9901 | €1,860 | €2,308 | +€448 | +24.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €43 | €74 | +€31 | +72.1% |
| Recurring financial charges | 65 | €43 | €74 | +€31 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €1,817 | €2,235 | +€418 | +23.0% |
| Profit (loss) for the period | 9904 | €1,817 | €2,235 | +€418 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,817 | €2,235 | +€418 | +23.0% |
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 19 October 2026 via checked.be.