DUCABYL: 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.
DUCABYL
Largest movements
- Tangible fixed assets -€382,679
down €382,679 (-22.7%), from €1.7m to €1.3m
of which Land and buildings: -€441,013
- Cash +€247,301
up €247,301 (+174.1%), from €142,014 to €389,316
mainly Investment in fixed assets (net) (+€334,036) and Depreciation (+€48,643)
- Other debts -€82,586
down €82,586 (-16.9%), from €488,726 to €406,140
- Reserves -€30,129
down €30,129 (-4.4%), from €688,115 to €657,986
of which Tax-exempt reserves: -€30,129
- Gross operating margin -€33,217
down €33,217 (-45.9%), from €72,380 to €39,163
- Depreciation -€18,128
down €18,128 (-27.1%), from €66,771 to €48,643
- Other operating charges -€4,880
down €4,880 (-35.3%), from €13,816 to €8,936
- Financial charges -€3,690
down €3,690 (-11.7%), from €31,509 to €27,819
- Financial income +€1,364
up €1,364 (+98.4%), from €1,386 to €2,749
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 | €1,924,866 | €1,790,819 | -€134,047 | -7.0% |
| Fixed assets | 21/28 | €1,687,084 | €1,304,405 | -€382,679 | -22.7% |
| Tangible fixed assets | 22/27 | €1,687,084 | €1,304,405 | -€382,679 | -22.7% |
| Land and buildings | 22 | €1,686,748 | €1,245,735 | -€441,013 | -26.1% |
| Plant, machinery and equipment | 23 | €336 | €273 | -€63 | -18.8% |
| Assets under construction and advance payments | 27 | - | €58,397 | +€58,397 | |
| Current assets | 29/58 | €237,782 | €486,414 | +€248,632 | +104.6% |
| Amounts receivable within one year | 40/41 | €852 | €15 | -€837 | -98.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €852 | €15 | -€837 | -98.3% |
| Current investments | 50/53 | €94,649 | €96,573 | +€1,924 | +2.0% |
| Cash at bank and in hand | 54/58 | €142,014 | €389,316 | +€247,301 | +174.1% |
| Deferred charges and accrued income | 490/1 | €267 | €510 | +€244 | +91.3% |
| Total equity and liabilities | 10/49 | €1,924,866 | €1,790,819 | -€134,047 | -7.0% |
| Equity | 10/15 | €1,188,115 | €1,157,936 | -€30,179 | -2.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €688,115 | €657,986 | -€30,129 | -4.4% |
| Tax-exempt reserves | 132 | €533,839 | €503,710 | -€30,129 | -5.6% |
| Distributable reserves | 133 | €154,276 | €154,276 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€50 | -€50 | |
| Provisions and deferred taxes | 16 | €226,638 | €212,507 | -€14,132 | -6.2% |
| Deferred taxes | 168 | €226,638 | €212,507 | -€14,132 | -6.2% |
| Amounts payable | 17/49 | €510,113 | €420,376 | -€89,737 | -17.6% |
| Amounts payable within one year | 42/48 | €510,113 | €420,376 | -€89,737 | -17.6% |
| Trade debts | 44 | €11,946 | €5,782 | -€6,164 | -51.6% |
| Suppliers | 440/4 | €11,946 | €5,782 | -€6,164 | -51.6% |
| Taxes, remuneration and social security | 45 | €9,441 | €8,454 | -€987 | -10.5% |
| Taxes | 450/3 | €9,441 | €8,454 | -€987 | -10.5% |
| Other amounts payable | 47/48 | €488,726 | €406,140 | -€82,586 | -16.9% |
| Non-recurring operating income | 76A | €50,652 | €49,186 | -€1,466 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,771 | €48,643 | -€18,128 | -27.1% |
| Other operating charges | 640/8 | €13,816 | €8,936 | -€4,880 | -35.3% |
| Gross operating margin | 9900 | €72,380 | €39,163 | -€33,217 | -45.9% |
| Operating profit (loss) | 9901 | -€8,207 | -€18,416 | -€10,209 | -124.4% |
| Financial income | 75/76B | €1,386 | €2,749 | +€1,364 | +98.4% |
| Recurring financial income | 75 | €1,386 | €2,749 | +€1,364 | +98.4% |
| Financial charges | 65/66B | €31,509 | €27,819 | -€3,690 | -11.7% |
| Recurring financial charges | 65 | €31,509 | €27,819 | -€3,690 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,330 | -€43,486 | -€5,156 | -13.5% |
| Transfer from deferred taxes | 780 | €14,132 | €14,132 | +€0 | 0.0% |
| Income taxes | 67/77 | €412 | €825 | +€412 | +100.0% |
| Profit (loss) for the period | 9904 | -€24,611 | -€30,179 | -€5,568 | -22.6% |
| Transfer from tax-exempt reserves | 789 | €30,129 | €30,129 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,518 | -€50 | -€5,568 |
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 3 October 2026 via checked.be.