TEN DULLAERDE: 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.
TEN DULLAERDE
Largest movements
- Current investments -€155,550
no longer reported in 2025 (was €155,550)
- Cash +€113,430
new in 2025: €113,430
mainly Current investments (+€155,550) and Net result for the year (+€37,370)
- Receivables within one year +€29,058
up €29,058 (+182%), from €15,934 to €44,993
of which Trade receivables: +€16,462
- Trade debts +€31,686
up €31,686 (+410%), from €7,728 to €39,414
- Tax, wage and social debts -€19,491
down €19,491 (-69.3%), from €28,128 to €8,637
of which Taxes: -€19,491
- Reserves -€19,306
down €19,306 (-28.6%), from €67,396 to €48,091
- Debts after one year -€6,667
down €6,667 (-9.9%), from €67,222 to €60,555
- Turnover +€158,405
new in 2025: €158,405
- Purchases and services +€101,844
new in 2025: €101,844
- Gross operating margin -€30,611
down €30,611 (-34.2%), from €89,573 to €58,961
- Taxes -€2,901
down €2,901 (-14.8%), from €19,647 to €16,745
- Financial income -€1,962
down €1,962 (-96.7%), from €2,030 to €68
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 | €335,307 | €320,060 | -€15,247 | -4.5% |
| Fixed assets | 21/28 | €163,571 | €161,266 | -€2,305 | -1.4% |
| Tangible fixed assets | 22/27 | €163,571 | €161,266 | -€2,305 | -1.4% |
| Land and buildings | 22 | €3,226 | €2,821 | -€405 | -12.5% |
| Plant, machinery and equipment | 23 | €7,901 | €6,001 | -€1,900 | -24.0% |
| Other tangible fixed assets | 26 | €152,443 | €152,443 | = | 0.0% |
| Current assets | 29/58 | €171,737 | €158,795 | -€12,942 | -7.5% |
| Amounts receivable within one year | 40/41 | €15,934 | €44,993 | +€29,058 | +182% |
| Trade receivables | 40 | €15,483 | €31,945 | +€16,462 | +106% |
| Other amounts receivable | 41 | €451 | €13,048 | +€12,597 | +2,794% |
| Current investments | 50/53 | €155,550 | - | -€155,550 | |
| Cash at bank and in hand | 54/58 | - | €113,430 | +€113,430 | |
| Deferred charges and accrued income | 490/1 | €252 | €372 | +€120 | +47.6% |
| Total equity and liabilities | 10/49 | €335,307 | €320,060 | -€15,247 | -4.5% |
| Equity | 10/15 | €68,396 | €49,091 | -€19,306 | -28.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,396 | €48,091 | -€19,306 | -28.6% |
| Distributable reserves | 133 | €67,396 | €48,091 | -€19,306 | -28.6% |
| Amounts payable | 17/49 | €266,911 | €270,970 | +€4,059 | +1.5% |
| Amounts payable after more than one year | 17 | €67,222 | €60,555 | -€6,667 | -9.9% |
| Financial debts | 170/4 | €67,222 | €60,555 | -€6,667 | -9.9% |
| Amounts payable within one year | 42/48 | €199,689 | €208,915 | +€9,226 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €7,728 | €39,414 | +€31,686 | +410% |
| Suppliers | 440/4 | €7,728 | €39,414 | +€31,686 | +410% |
| Taxes, remuneration and social security | 45 | €28,128 | €8,637 | -€19,491 | -69.3% |
| Taxes | 450/3 | €28,128 | €8,637 | -€19,491 | -69.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €157,166 | €154,197 | -€2,969 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Turnover | 70 | - | €158,405 | +€158,405 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €101,844 | +€101,844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,004 | €2,305 | +€301 | +15.0% |
| Other operating charges | 640/8 | €955 | €1,433 | +€478 | +50.1% |
| Gross operating margin | 9900 | €89,573 | €58,961 | -€30,611 | -34.2% |
| Operating profit (loss) | 9901 | €86,614 | €55,223 | -€31,391 | -36.2% |
| Financial income | 75/76B | €2,030 | €68 | -€1,962 | -96.7% |
| Recurring financial income | 75 | €2,030 | €68 | -€1,962 | -96.7% |
| Financial charges | 65/66B | €1,130 | €1,175 | +€45 | +4.0% |
| Recurring financial charges | 65 | €1,130 | €1,175 | +€45 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €87,513 | €54,116 | -€33,397 | -38.2% |
| Income taxes | 67/77 | €19,647 | €16,745 | -€2,901 | -14.8% |
| Profit (loss) for the period | 9904 | €67,866 | €37,370 | -€30,496 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,866 | €37,370 | -€30,496 | -44.9% |
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 23 October 2026 via checked.be.