CHEMINEES DUCENE: 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.
CHEMINEES DUCENE
Largest movements
- Stocks and contracts -€42,565
down €42,565 (-23.6%), from €180,133 to €137,568
- Cash +€40,400
up €40,400 (+663%), from €6,097 to €46,497
mainly Stocks and contracts (+€42,565) and Receivables within one year (+€26,802)
- Receivables within one year -€26,802
down €26,802 (-41.0%), from €65,333 to €38,531
of which Trade receivables: -€26,940
- Accrued charges and deferred income -€18,378
down €18,378 (-91.9%), from €19,988 to €1,610
- Trade debts -€9,811
down €9,811 (-16.5%), from €59,384 to €49,573
- Current portion of long-term debt -€8,720
down €8,720 (-75.2%), from €11,601 to €2,881
- Reserves +€6,768
up €6,768 (+4.8%), from €141,019 to €147,787
- Debts after one year -€2,881
down €2,881 (-40.1%), from €7,186 to €4,305
- Gross operating margin -€18,124
down €18,124 (-23.1%), from €78,561 to €60,437
- Taxes -€3,918
down €3,918 (-71.9%), from €5,453 to €1,535
- Financial charges -€1,620
down €1,620 (-50.8%), from €3,191 to €1,571
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 | €276,862 | €245,696 | -€31,166 | -11.3% |
| Fixed assets | 21/28 | €25,299 | €23,100 | -€2,199 | -8.7% |
| Intangible fixed assets | 21 | €131 | - | -€131 | |
| Tangible fixed assets | 22/27 | €21,205 | €19,137 | -€2,068 | -9.8% |
| Plant, machinery and equipment | 23 | €9,577 | €11,610 | +€2,033 | +21.2% |
| Furniture and vehicles | 24 | €2,639 | €1,266 | -€1,373 | -52.0% |
| Leasing and similar rights | 25 | €8,989 | €6,261 | -€2,728 | -30.3% |
| Financial fixed assets | 28 | €3,963 | €3,963 | = | 0.0% |
| Current assets | 29/58 | €251,563 | €222,596 | -€28,967 | -11.5% |
| Stocks and contracts in progress | 3 | €180,133 | €137,568 | -€42,565 | -23.6% |
| Stocks | 30/36 | €180,133 | €137,568 | -€42,565 | -23.6% |
| Amounts receivable within one year | 40/41 | €65,333 | €38,531 | -€26,802 | -41.0% |
| Trade receivables | 40 | €57,314 | €30,374 | -€26,940 | -47.0% |
| Other amounts receivable | 41 | €8,019 | €8,157 | +€138 | +1.7% |
| Cash at bank and in hand | 54/58 | €6,097 | €46,497 | +€40,400 | +663% |
| Total equity and liabilities | 10/49 | €276,862 | €245,696 | -€31,166 | -11.3% |
| Equity | 10/15 | €141,019 | €147,787 | +€6,768 | +4.8% |
| Reserves | 13 | €141,019 | €147,787 | +€6,768 | +4.8% |
| Distributable reserves | 133 | €141,019 | €147,787 | +€6,768 | +4.8% |
| Amounts payable | 17/49 | €135,843 | €97,909 | -€37,934 | -27.9% |
| Amounts payable after more than one year | 17 | €7,186 | €4,305 | -€2,881 | -40.1% |
| Financial debts | 170/4 | €7,186 | €4,305 | -€2,881 | -40.1% |
| Amounts payable within one year | 42/48 | €108,669 | €91,994 | -€16,675 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €11,601 | €2,881 | -€8,720 | -75.2% |
| Trade debts | 44 | €59,384 | €49,573 | -€9,811 | -16.5% |
| Suppliers | 440/4 | €59,384 | €49,573 | -€9,811 | -16.5% |
| Taxes, remuneration and social security | 45 | €23,372 | €24,315 | +€943 | +4.0% |
| Taxes | 450/3 | €10,746 | €9,648 | -€1,098 | -10.2% |
| Remuneration and social security | 454/9 | €12,626 | €14,667 | +€2,041 | +16.2% |
| Other amounts payable | 47/48 | €14,312 | €15,225 | +€913 | +6.4% |
| Accrued charges and deferred income | 492/3 | €19,988 | €1,610 | -€18,378 | -91.9% |
| Remuneration, social security and pensions | 62 | €41,483 | €40,999 | -€484 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,030 | €8,570 | +€540 | +6.7% |
| Other operating charges | 640/8 | €1,170 | €1,274 | +€104 | +8.9% |
| Gross operating margin | 9900 | €78,561 | €60,437 | -€18,124 | -23.1% |
| Operating profit (loss) | 9901 | €27,878 | €9,594 | -€18,284 | -65.6% |
| Financial income | 75/76B | €504 | €280 | -€224 | -44.4% |
| Recurring financial income | 75 | €504 | €280 | -€224 | -44.4% |
| Financial charges | 65/66B | €3,191 | €1,571 | -€1,620 | -50.8% |
| Recurring financial charges | 65 | €3,191 | €1,571 | -€1,620 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €25,191 | €8,303 | -€16,888 | -67.0% |
| Income taxes | 67/77 | €5,453 | €1,535 | -€3,918 | -71.9% |
| Profit (loss) for the period | 9904 | €19,738 | €6,768 | -€12,970 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,738 | €6,768 | -€12,970 | -65.7% |
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 16 October 2026 via checked.be.