DUARTE CONSTRUCTION: 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.
DUARTE CONSTRUCTION
Largest movements
- Deferred charges and accrued income +€76,550
up €76,550 (+948%), from €8,077 to €84,626
- Receivables within one year -€32,675
down €32,675 (-18.7%), from €174,504 to €141,830
of which Trade receivables: -€29,208
- Stocks and contracts +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Tangible fixed assets -€12,801
down €12,801 (-64.8%), from €19,750 to €6,949
of which Furniture and vehicles: -€10,371
- Trade debts +€97,698
up €97,698 (+54.0%), from €180,884 to €278,582
- Profit (loss) carried forward -€26,770
down €26,770, from €6,742 to -€20,028
- Tax, wage and social debts -€23,367
down €23,367 (-88.6%), from €26,380 to €3,012
of which Remuneration and social security: -€18,097
- Gross operating margin -€40,838
down €40,838 (-26.2%), from €155,613 to €114,774
- Financial charges -€27,838
down €27,838 (-97.6%), from €28,532 to €694
of which Non-recurring financial charges: -€27,847
- Financial income -€6,856
down €6,856 (-98.8%), from €6,936 to €80
of which Non-recurring financial income: -€6,173
- Taxes +€6,068
new in 2025: €6,068
- Depreciation -€4,514
down €4,514 (-26.1%), from €17,315 to €12,801
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 | €236,467 | €283,027 | +€46,560 | +19.7% |
| Fixed assets | 21/28 | €19,750 | €6,949 | -€12,801 | -64.8% |
| Tangible fixed assets | 22/27 | €19,750 | €6,949 | -€12,801 | -64.8% |
| Plant, machinery and equipment | 23 | €4,569 | €2,138 | -€2,430 | -53.2% |
| Furniture and vehicles | 24 | €15,181 | €4,810 | -€10,371 | -68.3% |
| Current assets | 29/58 | €216,717 | €276,078 | +€59,361 | +27.4% |
| Stocks and contracts in progress | 3 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Stocks | 30/36 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €174,504 | €141,830 | -€32,675 | -18.7% |
| Trade receivables | 40 | €138,734 | €109,527 | -€29,208 | -21.1% |
| Other amounts receivable | 41 | €35,770 | €32,303 | -€3,467 | -9.7% |
| Cash at bank and in hand | 54/58 | €9,136 | €9,623 | +€486 | +5.3% |
| Deferred charges and accrued income | 490/1 | €8,077 | €84,626 | +€76,550 | +948% |
| Total equity and liabilities | 10/49 | €236,467 | €283,027 | +€46,560 | +19.7% |
| Equity | 10/15 | €27,588 | €819 | -€26,770 | -97.0% |
| Contributions | 10/11 | €7,232 | €7,232 | = | 0.0% |
| Contributions outside capital | 11 | €7,232 | €7,232 | = | 0.0% |
| Other | 1109/19 | €7,232 | €7,232 | = | 0.0% |
| Reserves | 13 | €13,614 | €13,614 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,614 | €6,614 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,742 | -€20,028 | -€26,770 | |
| Amounts payable | 17/49 | €208,879 | €282,209 | +€73,330 | +35.1% |
| Amounts payable within one year | 42/48 | €207,879 | €282,209 | +€74,330 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €615 | €615 | = | 0.0% |
| Trade debts | 44 | €180,884 | €278,582 | +€97,698 | +54.0% |
| Suppliers | 440/4 | €180,884 | €278,582 | +€97,698 | +54.0% |
| Taxes, remuneration and social security | 45 | €26,380 | €3,012 | -€23,367 | -88.6% |
| Taxes | 450/3 | €8,283 | €3,012 | -€5,271 | -63.6% |
| Remuneration and social security | 454/9 | €18,097 | - | -€18,097 | |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €119,257 | €119,346 | +€89 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,315 | €12,801 | -€4,514 | -26.1% |
| Other operating charges | 640/8 | €4,239 | €2,714 | -€1,525 | -36.0% |
| Gross operating margin | 9900 | €155,613 | €114,774 | -€40,838 | -26.2% |
| Operating profit (loss) | 9901 | €14,802 | -€20,087 | -€34,889 | |
| Financial income | 75/76B | €6,936 | €80 | -€6,856 | -98.8% |
| Recurring financial income | 75 | €683 | €80 | -€603 | -88.3% |
| Non-recurring financial income | 76B | €6,253 | €80 | -€6,173 | -98.7% |
| Financial charges | 65/66B | €28,532 | €694 | -€27,838 | -97.6% |
| Recurring financial charges | 65 | €400 | €409 | +€9 | +2.3% |
| Non-recurring financial charges | 66B | €28,133 | €285 | -€27,847 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,795 | -€20,701 | -€13,907 | -205% |
| Income taxes | 67/77 | - | €6,068 | +€6,068 | |
| Profit (loss) for the period | 9904 | -€6,795 | -€26,770 | -€19,975 | -294% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,795 | -€26,770 | -€19,975 | -294% |
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 31 October 2026 via checked.be.