Alexandre Duchenne: 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.
Alexandre Duchenne
Largest movements
- Cash -€39,799
down €39,799 (-55.6%), from €71,536 to €31,736
mainly Other debts (-€34,997) and Net result for the year (-€14,828)
- Deferred charges and accrued income -€2,832
down €2,832 (-25.3%), from €11,191 to €8,359
- Stocks and contracts -€2,241
down €2,241 (-26.8%), from €8,346 to €6,106
- Receivables within one year -€1,248
down €1,248 (-27.5%), from €4,530 to €3,283
- Other debts -€34,997
down €34,997 (-100.0%), from €34,997 to €0
- Profit (loss) carried forward -€14,828
down €14,828, from €6,213 to -€8,615
- Tax, wage and social debts +€5,485
up €5,485 (+125.4%), from €4,374 to €9,859
- Trade debts -€1,440
down €1,440 (-54.7%), from €2,633 to €1,193
- Gross operating margin -€16,543
down €16,543, from €7,444 to -€9,100
- Other operating charges -€1,776
down €1,776 (-55.2%), from €3,216 to €1,440
- Financial charges -€584
down €584 (-16.1%), from €3,618 to €3,034
- Depreciation +€376
up €376 (+89.0%), from €423 to €799
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 | €96,065 | €50,284 | -€45,781 | -47.7% |
| Fixed assets | 21/28 | €462 | €801 | +€339 | +73.5% |
| Tangible fixed assets | 22/27 | €462 | €801 | +€339 | +73.5% |
| Plant, machinery and equipment | 23 | - | €762 | +€762 | |
| Furniture and vehicles | 24 | €462 | €39 | -€423 | -91.6% |
| Current assets | 29/58 | €95,603 | €49,484 | -€46,120 | -48.2% |
| Stocks and contracts in progress | 3 | €8,346 | €6,106 | -€2,241 | -26.8% |
| Stocks | 30/36 | €8,346 | €6,106 | -€2,241 | -26.8% |
| Amounts receivable within one year | 40/41 | €4,530 | €3,283 | -€1,248 | -27.5% |
| Other amounts receivable | 41 | €4,530 | €3,283 | -€1,248 | -27.5% |
| Cash at bank and in hand | 54/58 | €71,536 | €31,736 | -€39,799 | -55.6% |
| Deferred charges and accrued income | 490/1 | €11,191 | €8,359 | -€2,832 | -25.3% |
| Total equity and liabilities | 10/49 | €96,065 | €50,284 | -€45,781 | -47.7% |
| Equity | 10/15 | €54,061 | €39,233 | -€14,828 | -27.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,648 | €41,648 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €41,648 | €41,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,213 | -€8,615 | -€14,828 | |
| Amounts payable | 17/49 | €42,004 | €11,052 | -€30,953 | -73.7% |
| Amounts payable within one year | 42/48 | €42,004 | €11,052 | -€30,953 | -73.7% |
| Trade debts | 44 | €2,633 | €1,193 | -€1,440 | -54.7% |
| Suppliers | 440/4 | €2,633 | €1,193 | -€1,440 | -54.7% |
| Taxes, remuneration and social security | 45 | €4,374 | €9,859 | +€5,485 | +125.4% |
| Taxes | 450/3 | €4,374 | €9,859 | +€5,485 | +125.4% |
| Other amounts payable | 47/48 | €34,997 | €0 | -€34,997 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €423 | €799 | +€376 | +89.0% |
| Other operating charges | 640/8 | €3,216 | €1,440 | -€1,776 | -55.2% |
| Gross operating margin | 9900 | €7,444 | -€9,100 | -€16,543 | |
| Operating profit (loss) | 9901 | €3,805 | -€11,339 | -€15,144 | |
| Financial income | 75/76B | €94 | €12 | -€82 | -87.4% |
| Recurring financial income | 75 | €94 | €12 | -€82 | -87.4% |
| Financial charges | 65/66B | €3,618 | €3,034 | -€584 | -16.1% |
| Recurring financial charges | 65 | €3,618 | €3,034 | -€584 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €281 | -€14,361 | -€14,642 | |
| Income taxes | 67/77 | €470 | €467 | -€3 | -0.5% |
| Profit (loss) for the period | 9904 | -€189 | -€14,828 | -€14,639 | -7763.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€189 | -€14,828 | -€14,639 | -7763.8% |
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 12 October 2026 via checked.be.