DUCA 2: 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.
DUCA 2
Largest movements
- Receivables within one year +€327,182
up €327,182 (+29.8%), from €1.1m to €1.4m
of which Other amounts receivable: +€246,191
- Other debts +€330,793
up €330,793 (+10.5%), from €3.2m to €3.5m
- Short-term financial debts -€269,380
down €269,380 (-32.9%), from €818,925 to €549,544
- Provisions +€250,000
new in 2025: €250,000
- Profit (loss) carried forward -€172,316
down €172,316 (-2,306%), from -€7,471 to -€179,787
- Trade debts +€136,012
up €136,012 (+9.6%), from €1.4m to €1.6m
- Gross operating margin -€632,420
down €632,420, from €504,032 to -€128,389
- Financial charges +€32,275
up €32,275 (+662%), from €4,877 to €37,152
- Staff costs -€12,826
down €12,826 (-65.4%), from €19,601 to €6,775
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,652,172 | €5,926,442 | +€274,270 | +4.9% |
| Fixed assets | 21/28 | €4,170,000 | €4,170,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,170,000 | €4,170,000 | = | 0.0% |
| Current assets | 29/58 | €1,482,172 | €1,756,442 | +€274,270 | +18.5% |
| Stocks and contracts in progress | 3 | €384,000 | €331,088 | -€52,912 | -13.8% |
| Stocks | 30/36 | €384,000 | €331,088 | -€52,912 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,098,172 | €1,425,354 | +€327,182 | +29.8% |
| Trade receivables | 40 | €345,851 | €426,842 | +€80,991 | +23.4% |
| Other amounts receivable | 41 | €752,321 | €998,512 | +€246,191 | +32.7% |
| Total equity and liabilities | 10/49 | €5,652,172 | €5,926,442 | +€274,270 | +4.9% |
| Equity | 10/15 | €12,989 | -€159,327 | -€172,316 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,471 | -€179,787 | -€172,316 | -2,306% |
| Provisions and deferred taxes | 16 | - | €250,000 | +€250,000 | |
| Provisions for liabilities and charges | 160/5 | - | €250,000 | +€250,000 | |
| Other liabilities and charges | 164/5 | - | €250,000 | +€250,000 | |
| Amounts payable | 17/49 | €5,639,184 | €5,835,769 | +€196,586 | +3.5% |
| Amounts payable after more than one year | 17 | €226,349 | €226,349 | = | 0.0% |
| Other amounts payable | 178/9 | €226,349 | €226,349 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,412,835 | €5,609,420 | +€196,586 | +3.6% |
| Financial debts | 43 | €818,925 | €549,544 | -€269,380 | -32.9% |
| Other loans | 439 | €818,925 | €549,544 | -€269,380 | -32.9% |
| Trade debts | 44 | €1,417,692 | €1,553,705 | +€136,012 | +9.6% |
| Suppliers | 440/4 | €1,417,692 | €1,553,705 | +€136,012 | +9.6% |
| Taxes, remuneration and social security | 45 | €24,146 | €23,307 | -€839 | -3.5% |
| Taxes | 450/3 | €24,146 | €23,307 | -€839 | -3.5% |
| Other amounts payable | 47/48 | €3,152,071 | €3,482,864 | +€330,793 | +10.5% |
| Non-recurring operating income | 76A | €704,856 | - | -€704,856 | |
| Remuneration, social security and pensions | 62 | €19,601 | €6,775 | -€12,826 | -65.4% |
| Other operating charges | 640/8 | €209 | - | -€209 | |
| Gross operating margin | 9900 | €504,032 | -€128,389 | -€632,420 | |
| Operating profit (loss) | 9901 | €484,222 | -€135,164 | -€619,386 | |
| Financial charges | 65/66B | €4,877 | €37,152 | +€32,275 | +662% |
| Recurring financial charges | 65 | €4,877 | €37,152 | +€32,275 | +662% |
| Profit (loss) for the period before taxes | 9903 | €479,345 | -€172,316 | -€651,661 | |
| Profit (loss) for the period | 9904 | €479,345 | -€172,316 | -€651,661 | |
| Profit (loss) for the period to be appropriated | 9905 | €479,345 | -€172,316 | -€651,661 |
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 15 October 2026 via checked.be.