DUCAR: 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.
DUCAR
Largest movements
- Cash -€13,781
down €13,781 (-42.5%), from €32,437 to €18,656
mainly Current portion of long-term debt (-€16,385) and Debts after one year (-€7,355)
- Tangible fixed assets -€10,147
down €10,147 (-27.2%), from €37,262 to €27,115
of which Land and buildings: -€6,450
- Receivables after one year -€2,901
down €2,901 (-11.7%), from €24,715 to €21,814
- Receivables within one year +€1,570
up €1,570 (+39.4%), from €3,988 to €5,559
of which Other amounts receivable: +€1,868
- Current portion of long-term debt -€16,385
down €16,385 (-67.5%), from €24,263 to €7,878
- Debts after one year -€7,355
down €7,355 (-60.6%), from €12,135 to €4,779
- Reserves +€7,088
up €7,088 (+15.0%), from €47,377 to €54,465
- Trade debts -€4,048
down €4,048 (-96.1%), from €4,212 to €164
- Tax, wage and social debts -€2,714
down €2,714 (-49.3%), from €5,503 to €2,789
- Gross operating margin -€35,943
down €35,943 (-58.4%), from €61,589 to €25,647
- Taxes -€8,948
down €8,948 (-70.4%), from €12,703 to €3,754
- Depreciation -€5,283
down €5,283 (-36.2%), from €14,590 to €9,307
- Other operating charges +€773
up €773 (+19.0%), from €4,073 to €4,845
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 | €101,231 | €77,266 | -€23,964 | -23.7% |
| Fixed assets | 21/28 | €37,362 | €27,215 | -€10,147 | -27.2% |
| Tangible fixed assets | 22/27 | €37,262 | €27,115 | -€10,147 | -27.2% |
| Land and buildings | 22 | €6,450 | - | -€6,450 | |
| Plant, machinery and equipment | 23 | €1,024 | €361 | -€663 | -64.7% |
| Furniture and vehicles | 24 | €29,788 | €26,754 | -€3,034 | -10.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €63,869 | €50,051 | -€13,817 | -21.6% |
| Amounts receivable after more than one year | 29 | €24,715 | €21,814 | -€2,901 | -11.7% |
| Other amounts receivable | 291 | €24,715 | €21,814 | -€2,901 | -11.7% |
| Stocks and contracts in progress | 3 | €334 | €1,232 | +€898 | +269% |
| Stocks | 30/36 | €334 | €1,232 | +€898 | +269% |
| Amounts receivable within one year | 40/41 | €3,988 | €5,559 | +€1,570 | +39.4% |
| Trade receivables | 40 | €506 | €208 | -€298 | -58.9% |
| Other amounts receivable | 41 | €3,483 | €5,351 | +€1,868 | +53.6% |
| Cash at bank and in hand | 54/58 | €32,437 | €18,656 | -€13,781 | -42.5% |
| Deferred charges and accrued income | 490/1 | €2,394 | €2,791 | +€397 | +16.6% |
| Total equity and liabilities | 10/49 | €101,231 | €77,266 | -€23,964 | -23.7% |
| Equity | 10/15 | €53,577 | €60,665 | +€7,088 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,377 | €54,465 | +€7,088 | +15.0% |
| Distributable reserves | 133 | €47,377 | €54,465 | +€7,088 | +15.0% |
| Amounts payable | 17/49 | €47,654 | €16,601 | -€31,052 | -65.2% |
| Amounts payable after more than one year | 17 | €12,135 | €4,779 | -€7,355 | -60.6% |
| Financial debts | 170/4 | €12,135 | €4,779 | -€7,355 | -60.6% |
| Amounts payable within one year | 42/48 | €35,519 | €11,822 | -€23,697 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €24,263 | €7,878 | -€16,385 | -67.5% |
| Trade debts | 44 | €4,212 | €164 | -€4,048 | -96.1% |
| Suppliers | 440/4 | €4,212 | €164 | -€4,048 | -96.1% |
| Taxes, remuneration and social security | 45 | €5,503 | €2,789 | -€2,714 | -49.3% |
| Taxes | 450/3 | €5,503 | €2,789 | -€2,714 | -49.3% |
| Other amounts payable | 47/48 | €1,541 | €991 | -€550 | -35.7% |
| Remuneration, social security and pensions | 62 | €371 | - | -€371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,590 | €9,307 | -€5,283 | -36.2% |
| Other operating charges | 640/8 | €4,073 | €4,845 | +€773 | +19.0% |
| Non-recurring operating charges | 66A | - | €840 | +€840 | |
| Gross operating margin | 9900 | €61,589 | €25,647 | -€35,943 | -58.4% |
| Operating profit (loss) | 9901 | €42,556 | €10,654 | -€31,902 | -75.0% |
| Financial income | 75/76B | €1,427 | €1,265 | -€163 | -11.4% |
| Recurring financial income | 75 | €1,427 | €1,265 | -€163 | -11.4% |
| Financial charges | 65/66B | €1,243 | €1,077 | -€166 | -13.3% |
| Recurring financial charges | 65 | €1,243 | €1,077 | -€166 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €42,741 | €10,842 | -€31,899 | -74.6% |
| Income taxes | 67/77 | €12,703 | €3,754 | -€8,948 | -70.4% |
| Profit (loss) for the period | 9904 | €30,038 | €7,088 | -€22,950 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,038 | €7,088 | -€22,950 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.