Duc-Tec: 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-Tec
Largest movements
- Receivables within one year +€19,272
up €19,272 (+39.5%), from €48,762 to €68,035
of which Other amounts receivable: +€28,664
- Tangible fixed assets -€15,667
down €15,667 (-34.9%), from €44,868 to €29,200
of which Leasing and similar rights: -€12,637
- Cash -€14,862
down €14,862 (-87.4%), from €17,008 to €2,147
mainly Receivables within one year (-€19,272) and Debts after one year (-€10,456)
- Debts after one year -€10,456
down €10,456 (-54.8%), from €19,094 to €8,639
- Tax, wage and social debts -€10,037
down €10,037 (-75.7%), from €13,264 to €3,228
- Profit (loss) carried forward +€9,949
new in 2025: €9,949
- Short-term financial debts +€2,532
new in 2025: €2,532
- Current portion of long-term debt -€2,060
down €2,060 (-16.5%), from €12,516 to €10,456
- Gross operating margin -€23,409
down €23,409 (-43.6%), from €53,745 to €30,336
- Taxes -€4,653
down €4,653 (-56.7%), from €8,203 to €3,550
- Financial income +€1,256
up €1,256 (+94.4%), from €1,330 to €2,587
- Financial charges +€804
up €804 (+43.3%), from €1,854 to €2,658
- Depreciation +€683
up €683 (+4.6%), from €14,985 to €15,667
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 | €113,054 | €102,864 | -€10,190 | -9.0% |
| Fixed assets | 21/28 | €44,868 | €29,200 | -€15,667 | -34.9% |
| Tangible fixed assets | 22/27 | €44,868 | €29,200 | -€15,667 | -34.9% |
| Plant, machinery and equipment | 23 | €11,597 | €8,567 | -€3,030 | -26.1% |
| Leasing and similar rights | 25 | €33,270 | €20,633 | -€12,637 | -38.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €68,186 | €73,664 | +€5,478 | +8.0% |
| Amounts receivable within one year | 40/41 | €48,762 | €68,035 | +€19,272 | +39.5% |
| Trade receivables | 40 | €10,159 | €767 | -€9,392 | -92.4% |
| Other amounts receivable | 41 | €38,604 | €67,267 | +€28,664 | +74.3% |
| Cash at bank and in hand | 54/58 | €17,008 | €2,147 | -€14,862 | -87.4% |
| Deferred charges and accrued income | 490/1 | €2,416 | €3,483 | +€1,067 | +44.2% |
| Total equity and liabilities | 10/49 | €113,054 | €102,864 | -€10,190 | -9.0% |
| Equity | 10/15 | €64,695 | €74,644 | +€9,949 | +15.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €64,195 | €64,195 | = | 0.0% |
| Distributable reserves | 133 | €64,195 | €64,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,949 | +€9,949 | |
| Amounts payable | 17/49 | €48,359 | €28,220 | -€20,138 | -41.6% |
| Amounts payable after more than one year | 17 | €19,094 | €8,639 | -€10,456 | -54.8% |
| Financial debts | 170/4 | €19,094 | €8,639 | -€10,456 | -54.8% |
| Amounts payable within one year | 42/48 | €29,265 | €19,582 | -€9,683 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €12,516 | €10,456 | -€2,060 | -16.5% |
| Financial debts | 43 | - | €2,532 | +€2,532 | |
| Credit institutions | 430/8 | - | €2,532 | +€2,532 | |
| Trade debts | 44 | €3,484 | €3,366 | -€118 | -3.4% |
| Suppliers | 440/4 | €3,484 | €3,366 | -€118 | -3.4% |
| Taxes, remuneration and social security | 45 | €13,264 | €3,228 | -€10,037 | -75.7% |
| Taxes | 450/3 | €13,264 | €3,228 | -€10,037 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,985 | €15,667 | +€683 | +4.6% |
| Other operating charges | 640/8 | €1,187 | €1,098 | -€88 | -7.4% |
| Gross operating margin | 9900 | €53,745 | €30,336 | -€23,409 | -43.6% |
| Operating profit (loss) | 9901 | €37,574 | €13,570 | -€24,004 | -63.9% |
| Financial income | 75/76B | €1,330 | €2,587 | +€1,256 | +94.4% |
| Recurring financial income | 75 | €1,330 | €2,587 | +€1,256 | +94.4% |
| Financial charges | 65/66B | €1,854 | €2,658 | +€804 | +43.3% |
| Recurring financial charges | 65 | €1,854 | €2,658 | +€804 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €37,050 | €13,499 | -€23,551 | -63.6% |
| Income taxes | 67/77 | €8,203 | €3,550 | -€4,653 | -56.7% |
| Profit (loss) for the period | 9904 | €28,847 | €9,949 | -€18,898 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,847 | €9,949 | -€18,898 | -65.5% |
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 6 October 2026 via checked.be.