The Dub Cave: 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.
The Dub Cave
Largest movements
- Tangible fixed assets -€7,983
down €7,983 (-3.4%), from €233,015 to €225,032
of which Land and buildings: -€5,530
- Debts after one year -€21,913
down €21,913 (-12.3%), from €177,507 to €155,593
- Reserves +€6,609
up €6,609 (+17.6%), from €37,495 to €44,104
- Tax, wage and social debts +€3,886
up €3,886 (+46.0%), from €8,449 to €12,334
of which Remuneration and social security: +€3,310
- Short-term financial debts -€3,573
down €3,573 (-69.8%), from €5,121 to €1,548
- Current portion of long-term debt +€3,521
up €3,521 (+22.1%), from €15,897 to €19,418
- Gross operating margin +€9,620
up €9,620 (+13.5%), from €71,368 to €80,987
- Staff costs +€1,921
up €1,921 (+3.5%), from €54,574 to €56,494
- Taxes +€1,317
up €1,317 (+54.0%), from €2,440 to €3,757
- Financial charges +€926
up €926 (+28.9%), from €3,207 to €4,133
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 | €257,170 | €248,657 | -€8,514 | -3.3% |
| Fixed assets | 21/28 | €233,015 | €225,032 | -€7,983 | -3.4% |
| Tangible fixed assets | 22/27 | €233,015 | €225,032 | -€7,983 | -3.4% |
| Land and buildings | 22 | €221,818 | €216,288 | -€5,530 | -2.5% |
| Plant, machinery and equipment | 23 | €10,029 | €8,383 | -€1,646 | -16.4% |
| Furniture and vehicles | 24 | €882 | €361 | -€521 | -59.1% |
| Other tangible fixed assets | 26 | €286 | - | -€286 | |
| Current assets | 29/58 | €24,155 | €23,625 | -€531 | -2.2% |
| Stocks and contracts in progress | 3 | €6,845 | €5,552 | -€1,293 | -18.9% |
| Stocks | 30/36 | €6,845 | €5,552 | -€1,293 | -18.9% |
| Amounts receivable within one year | 40/41 | €3,868 | €3,360 | -€508 | -13.1% |
| Trade receivables | 40 | €2,718 | €3,360 | +€642 | +23.6% |
| Other amounts receivable | 41 | €1,150 | - | -€1,150 | |
| Cash at bank and in hand | 54/58 | €12,657 | €13,154 | +€497 | +3.9% |
| Deferred charges and accrued income | 490/1 | €785 | €1,559 | +€774 | +98.6% |
| Total equity and liabilities | 10/49 | €257,170 | €248,657 | -€8,514 | -3.3% |
| Equity | 10/15 | €43,695 | €50,304 | +€6,609 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,495 | €44,104 | +€6,609 | +17.6% |
| Distributable reserves | 133 | €37,495 | €44,104 | +€6,609 | +17.6% |
| Amounts payable | 17/49 | €213,475 | €198,353 | -€15,122 | -7.1% |
| Amounts payable after more than one year | 17 | €177,507 | €155,593 | -€21,913 | -12.3% |
| Financial debts | 170/4 | €177,507 | €155,593 | -€21,913 | -12.3% |
| Amounts payable within one year | 42/48 | €33,703 | €41,192 | +€7,489 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €15,897 | €19,418 | +€3,521 | +22.1% |
| Financial debts | 43 | €5,121 | €1,548 | -€3,573 | -69.8% |
| Credit institutions | 430/8 | €5,121 | €1,548 | -€3,573 | -69.8% |
| Trade debts | 44 | €4,236 | €7,461 | +€3,226 | +76.2% |
| Suppliers | 440/4 | €4,236 | €7,461 | +€3,226 | +76.2% |
| Advances received on contracts in progress | 46 | - | €430 | +€430 | |
| Taxes, remuneration and social security | 45 | €8,449 | €12,334 | +€3,886 | +46.0% |
| Taxes | 450/3 | €3,618 | €4,194 | +€576 | +15.9% |
| Remuneration and social security | 454/9 | €4,830 | €8,141 | +€3,310 | +68.5% |
| Accrued charges and deferred income | 492/3 | €2,266 | €1,567 | -€699 | -30.8% |
| Remuneration, social security and pensions | 62 | €54,574 | €56,494 | +€1,921 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,757 | €7,983 | +€226 | +2.9% |
| Other operating charges | 640/8 | €1,703 | €2,013 | +€310 | +18.2% |
| Gross operating margin | 9900 | €71,368 | €80,987 | +€9,620 | +13.5% |
| Operating profit (loss) | 9901 | €7,333 | €14,497 | +€7,164 | +97.7% |
| Financial income | 75/76B | €311 | €1 | -€310 | -99.6% |
| Recurring financial income | 75 | €311 | €1 | -€310 | -99.6% |
| Financial charges | 65/66B | €3,207 | €4,133 | +€926 | +28.9% |
| Recurring financial charges | 65 | €3,207 | €4,133 | +€926 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €4,437 | €10,365 | +€5,928 | +134% |
| Income taxes | 67/77 | €2,440 | €3,757 | +€1,317 | +54.0% |
| Profit (loss) for the period | 9904 | €1,998 | €6,609 | +€4,611 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €1,998 | €6,609 | +€4,611 | +231% |
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 21 October 2026 via checked.be.