Ducatteeuw & Zoon: what changed
Ducatteeuw & Zoon
Largest movements
- Cash +€33,962
up €33,962 (+225%), from €15,080 to €49,042
mainly Depreciation (+€28,123) and Net result for the year (+€14,661)
- Tangible fixed assets -€22,686
down €22,686 (-17.4%), from €130,653 to €107,967
of which Plant, machinery and equipment: -€22,492
- Receivables within one year -€12,112
down €12,112 (-15.3%), from €78,942 to €66,830
of which Trade receivables: -€9,738
- Debts after one year -€38,196
down €38,196 (-67.2%), from €56,809 to €18,613
- Reserves +€12,995
up €12,995 (+13.6%), from €95,430 to €108,425
of which Distributable reserves: +€12,995
- Other debts +€12,958
up €12,958 (+70.1%), from €18,473 to €31,431
- Trade debts +€5,152
up €5,152 (+112%), from €4,581 to €9,733
- Tax, wage and social debts +€3,920
up €3,920 (+56.1%), from €6,993 to €10,913
of which Taxes: +€2,061
- Gross operating margin +€46,622
up €46,622 (+78.0%), from €59,778 to €106,400
- Staff costs -€3,678
down €3,678 (-6.6%), from €55,534 to €51,856
- Depreciation +€2,602
up €2,602 (+10.2%), from €25,521 to €28,123
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,899 | €235,903 | -€1,996 | -0.8% |
| Fixed assets | 21/28 | €130,653 | €107,967 | -€22,686 | -17.4% |
| Tangible fixed assets | 22/27 | €130,653 | €107,967 | -€22,686 | -17.4% |
| Plant, machinery and equipment | 23 | €130,118 | €107,626 | -€22,492 | -17.3% |
| Furniture and vehicles | 24 | €535 | €341 | -€194 | -36.3% |
| Current assets | 29/58 | €107,246 | €127,936 | +€20,690 | +19.3% |
| Stocks and contracts in progress | 3 | €5,279 | €3,836 | -€1,443 | -27.3% |
| Stocks | 30/36 | €5,279 | €3,836 | -€1,443 | -27.3% |
| Amounts receivable within one year | 40/41 | €78,942 | €66,830 | -€12,112 | -15.3% |
| Trade receivables | 40 | €53,845 | €44,107 | -€9,738 | -18.1% |
| Other amounts receivable | 41 | €25,097 | €22,723 | -€2,374 | -9.5% |
| Cash at bank and in hand | 54/58 | €15,080 | €49,042 | +€33,962 | +225% |
| Deferred charges and accrued income | 490/1 | €7,945 | €8,228 | +€283 | +3.6% |
| Total equity and liabilities | 10/49 | €237,899 | €235,903 | -€1,996 | -0.8% |
| Equity | 10/15 | €114,022 | €127,017 | +€12,995 | +11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €95,430 | €108,425 | +€12,995 | +13.6% |
| Tax-exempt reserves | 132 | €26,671 | €26,671 | = | 0.0% |
| Distributable reserves | 133 | €68,759 | €81,754 | +€12,995 | +18.9% |
| Amounts payable | 17/49 | €123,877 | €108,886 | -€14,991 | -12.1% |
| Amounts payable after more than one year | 17 | €56,809 | €18,613 | -€38,196 | -67.2% |
| Financial debts | 170/4 | €56,809 | €18,613 | -€38,196 | -67.2% |
| Amounts payable within one year | 42/48 | €67,068 | €90,273 | +€23,205 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €37,021 | €38,196 | +€1,175 | +3.2% |
| Trade debts | 44 | €4,581 | €9,733 | +€5,152 | +112% |
| Suppliers | 440/4 | €4,581 | €9,733 | +€5,152 | +112% |
| Taxes, remuneration and social security | 45 | €6,993 | €10,913 | +€3,920 | +56.1% |
| Taxes | 450/3 | €5,527 | €7,588 | +€2,061 | +37.3% |
| Remuneration and social security | 454/9 | €1,466 | €3,325 | +€1,859 | +127% |
| Other amounts payable | 47/48 | €18,473 | €31,431 | +€12,958 | +70.1% |
| Remuneration, social security and pensions | 62 | €55,534 | €51,856 | -€3,678 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,521 | €28,123 | +€2,602 | +10.2% |
| Other operating charges | 640/8 | €4,840 | €4,816 | -€24 | -0.5% |
| Non-recurring operating charges | 66A | €563 | €330 | -€233 | -41.4% |
| Gross operating margin | 9900 | €59,778 | €106,400 | +€46,622 | +78.0% |
| Operating profit (loss) | 9901 | -€26,680 | €21,275 | +€47,955 | |
| Financial income | 75/76B | €147 | - | -€147 | |
| Recurring financial income | 75 | €147 | - | -€147 | |
| Financial charges | 65/66B | €4,759 | €4,587 | -€172 | -3.6% |
| Recurring financial charges | 65 | €4,759 | €4,587 | -€172 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,292 | €16,688 | +€47,980 | |
| Income taxes | 67/77 | €1,063 | €2,027 | +€964 | +90.7% |
| Profit (loss) for the period | 9904 | -€32,355 | €14,661 | +€47,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,355 | €14,661 | +€47,016 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.