DUDO: what changed
What changed
DUDO
filed annual accounts (NBB)
Net result for the year
€121,676
2024 · €27,468+€94,208
Equity
€136,538
2024 · €24,862+€111,676
Cash
€9,840
2024 · €3,215+€6,625
Balance sheet total
€153,654
2024 · €785,416-€631,762
Largest movements
Assets
- Tangible fixed assets -€775,721
down €775,721 (-99.7%), from €778,262 to €2,541
of which Land and buildings: -€777,866
- Receivables within one year +€137,886
up €137,886 (+4,071%), from €3,387 to €141,273
Equity and liabilities
- Debts after one year -€480,094
no longer reported in 2025 (was €480,094)
- Other debts -€247,724
no longer reported in 2025 (was €247,724)
- Profit (loss) carried forward +€105,965
no longer reported in 2025 (was -€105,965)
- Current portion of long-term debt -€28,948
no longer reported in 2025 (was €28,948)
Income statement
- Gross operating margin +€87,309
up €87,309 (+133%), from €65,407 to €152,715
- Depreciation -€20,184
down €20,184 (-94.8%), from €21,295 to €1,111
- Financial charges +€12,089
up €12,089 (+120%), from €10,084 to €22,173
- Taxes +€5,856
up €5,856 (+2,827%), from €207 to €6,064
- Other operating charges -€4,632
down €4,632 (-72.9%), from €6,353 to €1,721
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.
Result 2024
€27,468
Gross operating margin
+€87,309
Depreciation
+€20,184
Other operating charges
+€4,632
Financial income
+€28
Financial charges
-€12,089
Taxes
-€5,856
Result 2025
€121,676
raises the resultlowers the result
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.
From operations
-€249,494
Investment
+€775,162
Financing
-€519,042
Cash 2024
€3,215
From operations (derived)
-€249,494
Net result for the year
+€121,676
Depreciation
+€1,111
Receivables within one year
-€137,886
Trade debts
+€7,171
Tax, wage and social debts
+€6,158
Other debts
-€247,724
Investment (derived)
+€775,162
Investment in fixed assets (net)
+€775,162
Financing
-€519,042
Debts after one year
-€480,094
Current portion of long-term debt
-€28,948
Contributions, distributions and other
-€10,000
Cash 2025
€9,840
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €785,416 | €153,654 | -€631,762 | -80.4% |
| Fixed assets | 21/28 | €778,814 | €2,541 | -€776,273 | -99.7% |
| Intangible fixed assets | 21 | €553 | - | -€553 | |
| Tangible fixed assets | 22/27 | €778,262 | €2,541 | -€775,721 | -99.7% |
| Land and buildings | 22 | €777,866 | - | -€777,866 | |
| Furniture and vehicles | 24 | €395 | €2,541 | +€2,146 | +543% |
| Current assets | 29/58 | €6,602 | €151,113 | +€144,511 | +2,189% |
| Amounts receivable within one year | 40/41 | €3,387 | €141,273 | +€137,886 | +4,071% |
| Other amounts receivable | 41 | €3,387 | €141,273 | +€137,886 | +4,071% |
| Cash at bank and in hand | 54/58 | €3,215 | €9,840 | +€6,625 | +206% |
| Total equity and liabilities | 10/49 | €785,416 | €153,654 | -€631,762 | -80.4% |
| Equity | 10/15 | €24,862 | €136,538 | +€111,676 | +449% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €80,828 | €86,538 | +€5,710 | +7.1% |
| Distributable reserves | 133 | €80,828 | €86,538 | +€5,710 | +7.1% |
| Profit (loss) carried forward | 14 | -€105,965 | - | +€105,965 | |
| Amounts payable | 17/49 | €760,554 | €17,116 | -€743,438 | -97.7% |
| Amounts payable after more than one year | 17 | €480,094 | - | -€480,094 | |
| Financial debts | 170/4 | €480,094 | - | -€480,094 | |
| Amounts payable within one year | 42/48 | €280,460 | €17,116 | -€263,344 | -93.9% |
| Current portion of amounts payable after more than one year | 42 | €28,948 | - | -€28,948 | |
| Trade debts | 44 | €283 | €7,454 | +€7,171 | +2,530% |
| Suppliers | 440/4 | €283 | €7,454 | +€7,171 | +2,530% |
| Taxes, remuneration and social security | 45 | €3,504 | €9,662 | +€6,158 | +176% |
| Taxes | 450/3 | €3,504 | €9,662 | +€6,158 | +176% |
| Other amounts payable | 47/48 | €247,724 | - | -€247,724 | |
| Non-recurring operating income | 76A | - | €248,893 | +€248,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,295 | €1,111 | -€20,184 | -94.8% |
| Other operating charges | 640/8 | €6,353 | €1,721 | -€4,632 | -72.9% |
| Gross operating margin | 9900 | €65,407 | €152,715 | +€87,309 | +133% |
| Operating profit (loss) | 9901 | €37,759 | €149,884 | +€112,124 | +297% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €10,084 | €22,173 | +€12,089 | +120% |
| Recurring financial charges | 65 | €10,084 | €22,173 | +€12,089 | +120% |
| Profit (loss) for the period before taxes | 9903 | €27,675 | €127,739 | +€100,064 | +362% |
| Income taxes | 67/77 | €207 | €6,064 | +€5,856 | +2,827% |
| Profit (loss) for the period | 9904 | €27,468 | €121,676 | +€94,208 | +343% |
| Profit (loss) for the period to be appropriated | 9905 | €27,468 | €121,676 | +€94,208 | +343% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.