DUC@: 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.
DUC@
Largest movements
- Receivables within one year +€194,963
up €194,963 (+317.6%), from €61,378 to €256,341
of which Other amounts receivable: +€168,773
- Cash +€56,036
up €56,036 (+15365.3%), from €365 to €56,401
mainly Net result for the year (+€130,635) and Trade debts (+€112,372)
- Profit (loss) carried forward +€130,635
up €130,635 (+96.0%), from -€136,029 to -€5,394
- Trade debts +€112,372
up €112,372 (+175.2%), from €64,142 to €176,514
- Tax, wage and social debts +€38,754
up €38,754 (+864.0%), from €4,485 to €43,240
- Other debts -€30,762
down €30,762 (-39.9%), from €77,023 to €46,260
- Gross operating margin +€94,486
up €94,486 (+128.0%), from €73,838 to €168,324
- Taxes +€39,625
up €39,625 (+958.7%), from €4,133 to €43,758
- Financial income +€21,020
up €21,020 (+1305599.4%), from €2 to €21,022
- Financial charges +€10,668
up €10,668 (+330.8%), from €3,224 to €13,892
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 | €72,008 | €323,007 | +€250,999 | +348.6% |
| Current assets | 29/58 | €72,008 | €323,007 | +€250,999 | +348.6% |
| Stocks and contracts in progress | 3 | €10,266 | €10,266 | = | 0.0% |
| Stocks | 30/36 | €10,266 | €10,266 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,378 | €256,341 | +€194,963 | +317.6% |
| Trade receivables | 40 | €2,396 | €28,586 | +€26,190 | +1093.0% |
| Other amounts receivable | 41 | €58,982 | €227,755 | +€168,773 | +286.1% |
| Cash at bank and in hand | 54/58 | €365 | €56,401 | +€56,036 | +15365.3% |
| Total equity and liabilities | 10/49 | €72,008 | €323,007 | +€250,999 | +348.6% |
| Equity | 10/15 | -€73,642 | €56,993 | +€130,635 | |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €414 | €414 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €414 | +€414 | |
| Distributable reserves | 133 | €414 | - | -€414 | |
| Profit (loss) carried forward | 14 | -€136,029 | -€5,394 | +€130,635 | +96.0% |
| Amounts payable | 17/49 | €145,650 | €266,014 | +€120,364 | +82.6% |
| Amounts payable within one year | 42/48 | €145,650 | €266,014 | +€120,364 | +82.6% |
| Trade debts | 44 | €64,142 | €176,514 | +€112,372 | +175.2% |
| Suppliers | 440/4 | €64,142 | €176,514 | +€112,372 | +175.2% |
| Taxes, remuneration and social security | 45 | €4,485 | €43,240 | +€38,754 | +864.0% |
| Taxes | 450/3 | €4,485 | €43,240 | +€38,754 | +864.0% |
| Other amounts payable | 47/48 | €77,023 | €46,260 | -€30,762 | -39.9% |
| Other operating charges | 640/8 | €1,060 | €1,061 | +€1 | +0.1% |
| Gross operating margin | 9900 | €73,838 | €168,324 | +€94,486 | +128.0% |
| Operating profit (loss) | 9901 | €72,778 | €167,263 | +€94,485 | +129.8% |
| Financial income | 75/76B | €2 | €21,022 | +€21,020 | +1305599.4% |
| Recurring financial income | 75 | €2 | €21,022 | +€21,020 | +1305599.4% |
| Financial charges | 65/66B | €3,224 | €13,892 | +€10,668 | +330.8% |
| Recurring financial charges | 65 | €3,224 | €13,892 | +€10,668 | +330.8% |
| Profit (loss) for the period before taxes | 9903 | €69,555 | €174,393 | +€104,838 | +150.7% |
| Income taxes | 67/77 | €4,133 | €43,758 | +€39,625 | +958.7% |
| Profit (loss) for the period | 9904 | €65,422 | €130,635 | +€65,213 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,422 | €130,635 | +€65,213 | +99.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.