DUCATORZE: 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.
DUCATORZE
Largest movements
- Receivables within one year -€80,033
down €80,033 (-10.3%), from €776,643 to €696,610
of which Trade receivables: -€47,909
- Tangible fixed assets -€18,139
down €18,139 (-7.3%), from €249,674 to €231,535
of which Furniture and vehicles: -€15,639
- Cash -€15,095
down €15,095 (-56.4%), from €26,743 to €11,648
mainly Net result for the year (-€56,717) and Trade debts (-€51,887)
- Profit (loss) carried forward -€56,717
down €56,717 (-7.5%), from €760,793 to €704,076
- Trade debts -€51,887
down €51,887 (-85.8%), from €60,499 to €8,611
- Gross operating margin +€24,381
up €24,381 (+34.5%), from -€70,631 to -€46,250
- Financial income -€3,639
down €3,639 (-22.0%), from €16,522 to €12,883
- Depreciation -€1,219
down €1,219 (-5.9%), from €20,645 to €19,426
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 | €1,055,133 | €941,411 | -€113,722 | -10.8% |
| Fixed assets | 21/28 | €249,811 | €231,672 | -€18,139 | -7.3% |
| Tangible fixed assets | 22/27 | €249,674 | €231,535 | -€18,139 | -7.3% |
| Furniture and vehicles | 24 | €25,292 | €9,653 | -€15,639 | -61.8% |
| Other tangible fixed assets | 26 | €224,383 | €221,883 | -€2,500 | -1.1% |
| Financial fixed assets | 28 | €136 | €136 | = | 0.0% |
| Current assets | 29/58 | €805,322 | €709,739 | -€95,583 | -11.9% |
| Amounts receivable within one year | 40/41 | €776,643 | €696,610 | -€80,033 | -10.3% |
| Trade receivables | 40 | €63,289 | €15,380 | -€47,909 | -75.7% |
| Other amounts receivable | 41 | €713,354 | €681,230 | -€32,124 | -4.5% |
| Cash at bank and in hand | 54/58 | €26,743 | €11,648 | -€15,095 | -56.4% |
| Deferred charges and accrued income | 490/1 | €1,936 | €1,481 | -€455 | -23.5% |
| Total equity and liabilities | 10/49 | €1,055,133 | €941,411 | -€113,722 | -10.8% |
| Equity | 10/15 | €781,253 | €724,536 | -€56,717 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| 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 | €760,793 | €704,076 | -€56,717 | -7.5% |
| Amounts payable | 17/49 | €273,880 | €216,875 | -€57,005 | -20.8% |
| Amounts payable after more than one year | 17 | €25,090 | €22,055 | -€3,036 | -12.1% |
| Financial debts | 170/4 | €25,090 | €22,055 | -€3,036 | -12.1% |
| Amounts payable within one year | 42/48 | €248,789 | €194,820 | -€53,969 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €2,864 | €3,036 | +€172 | +6.0% |
| Trade debts | 44 | €60,499 | €8,611 | -€51,887 | -85.8% |
| Suppliers | 440/4 | €60,499 | €8,611 | -€51,887 | -85.8% |
| Taxes, remuneration and social security | 45 | €2,735 | €982 | -€1,753 | -64.1% |
| Taxes | 450/3 | €2,735 | €982 | -€1,753 | -64.1% |
| Other amounts payable | 47/48 | €182,692 | €182,192 | -€500 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,645 | €19,426 | -€1,219 | -5.9% |
| Gross operating margin | 9900 | -€70,631 | -€46,250 | +€24,381 | +34.5% |
| Operating profit (loss) | 9901 | -€91,276 | -€65,676 | +€25,600 | +28.0% |
| Financial income | 75/76B | €16,522 | €12,883 | -€3,639 | -22.0% |
| Recurring financial income | 75 | €16,522 | €12,883 | -€3,639 | -22.0% |
| Financial charges | 65/66B | €4,099 | €3,584 | -€515 | -12.6% |
| Recurring financial charges | 65 | €4,099 | €3,584 | -€515 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€78,853 | -€56,378 | +€22,475 | +28.5% |
| Income taxes | 67/77 | €642 | €340 | -€302 | -47.1% |
| Profit (loss) for the period | 9904 | -€79,495 | -€56,717 | +€22,777 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,495 | -€56,717 | +€22,777 | +28.7% |
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 9 October 2026 via checked.be.