What changed?
Two fiscal 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.
DUBO MAX
Largest movements
- Cash -€19,770
down €19,770 (-78.6%), from €25,143 to €5,373
mainly Receivables within one year (-€16,093) and Debts after one year (-€16,017)
- Receivables within one year +€16,093
up €16,093 (+134.3%), from €11,981 to €28,074
of which Other amounts receivable: +€11,193
- Tangible fixed assets -€11,328
down €11,328 (-16.7%), from €67,669 to €56,340
of which Furniture and vehicles: -€14,076
- Receivables after one year +€5,304
up €5,304 (+83.2%), from €6,379 to €11,683
- Debts after one year -€16,017
down €16,017 (-33.2%), from €48,234 to €32,217
- Other debts +€3,200
up €3,200 (+102.2%), from €3,132 to €6,332
- Reserves +€2,298
up €2,298 (+7.4%), from €30,993 to €33,291
- Gross operating margin -€23,176
down €23,176 (-51.5%), from €44,970 to €21,794
- Depreciation +€12,218
up €12,218 (+634.8%), from €1,925 to €14,142
- Taxes -€6,331
down €6,331 (-69.3%), from €9,140 to €2,809
- Financial income +€461
up €461 (+475.5%), from €97 to €558
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.
Cash bridge derived
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 | €112,224 | €102,535 | -€9,689 | -8.6% |
| Fixed assets | 21/28 | €67,669 | €56,340 | -€11,328 | -16.7% |
| Tangible fixed assets | 22/27 | €67,669 | €56,340 | -€11,328 | -16.7% |
| Land and buildings | 22 | - | €2,748 | +€2,748 | |
| Furniture and vehicles | 24 | €67,669 | €53,593 | -€14,076 | -20.8% |
| Current assets | 29/58 | €44,555 | €46,194 | +€1,639 | +3.7% |
| Amounts receivable after more than one year | 29 | €6,379 | €11,683 | +€5,304 | +83.2% |
| Other amounts receivable | 291 | €6,379 | €11,683 | +€5,304 | +83.2% |
| Amounts receivable within one year | 40/41 | €11,981 | €28,074 | +€16,093 | +134.3% |
| Trade receivables | 40 | €10,346 | €15,246 | +€4,901 | +47.4% |
| Other amounts receivable | 41 | €1,635 | €12,828 | +€11,193 | +684.4% |
| Cash at bank and in hand | 54/58 | €25,143 | €5,373 | -€19,770 | -78.6% |
| Deferred charges and accrued income | 490/1 | €1,053 | €1,064 | +€11 | +1.1% |
| Total equity and liabilities | 10/49 | €112,224 | €102,535 | -€9,689 | -8.6% |
| Equity | 10/15 | €34,993 | €37,291 | +€2,298 | +6.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,993 | €33,291 | +€2,298 | +7.4% |
| Distributable reserves | 133 | €30,993 | €33,291 | +€2,298 | +7.4% |
| Amounts payable | 17/49 | €77,231 | €65,244 | -€11,987 | -15.5% |
| Amounts payable after more than one year | 17 | €48,234 | €32,217 | -€16,017 | -33.2% |
| Financial debts | 170/4 | €48,234 | €32,217 | -€16,017 | -33.2% |
| Amounts payable within one year | 42/48 | €28,996 | €32,225 | +€3,228 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €15,497 | €16,017 | +€520 | +3.4% |
| Trade debts | 44 | €2,033 | €2,154 | +€121 | +6.0% |
| Suppliers | 440/4 | €2,033 | €2,154 | +€121 | +6.0% |
| Taxes, remuneration and social security | 45 | €8,335 | €7,721 | -€613 | -7.4% |
| Taxes | 450/3 | €5,135 | €4,721 | -€413 | -8.0% |
| Remuneration and social security | 454/9 | €3,200 | €3,000 | -€200 | -6.2% |
| Other amounts payable | 47/48 | €3,132 | €6,332 | +€3,200 | +102.2% |
| Accrued charges and deferred income | 492/3 | - | €802 | +€802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,925 | €14,142 | +€12,218 | +634.8% |
| Other operating charges | 640/8 | €1,108 | €929 | -€180 | -16.2% |
| Gross operating margin | 9900 | €44,970 | €21,794 | -€23,176 | -51.5% |
| Operating profit (loss) | 9901 | €41,937 | €6,723 | -€35,214 | -84.0% |
| Financial income | 75/76B | €97 | €558 | +€461 | +475.5% |
| Recurring financial income | 75 | €97 | €558 | +€461 | +475.5% |
| Financial charges | 65/66B | €1,901 | €2,174 | +€273 | +14.4% |
| Recurring financial charges | 65 | €1,901 | €2,174 | +€273 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €40,133 | €5,107 | -€35,026 | -87.3% |
| Income taxes | 67/77 | €9,140 | €2,809 | -€6,331 | -69.3% |
| Profit (loss) for the period | 9904 | €30,993 | €2,298 | -€28,696 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,993 | €2,298 | -€28,696 | -92.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.