DUCAVEST: 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.
DUCAVEST
Largest movements
- Tangible fixed assets -€3,793
down €3,793 (-19.7%), from €19,265 to €15,472
of which Other tangible fixed assets: -€2,509
- Stocks and contracts -€889
down €889 (-7.6%), from €11,674 to €10,785
- Receivables within one year +€815
up €815 (+82.9%), from €983 to €1,798
of which Trade receivables: +€530
- Deferred charges and accrued income -€729
down €729 (-41.2%), from €1,769 to €1,040
- Cash -€598
down €598 (-4.9%), from €12,165 to €11,567
mainly Debts after one year (-€5,000) and Net result for the year (-€4,869)
- Debts after one year -€5,000
down €5,000 (-13.9%), from €36,000 to €31,000
- Profit (loss) carried forward -€4,869
down €4,869 (-1.8%), from -€276,441 to -€281,310
- Trade debts +€3,778
up €3,778 (+181.2%), from €2,084 to €5,862
- Tax, wage and social debts +€2,331
up €2,331 (+18.4%), from €12,681 to €15,012
of which Remuneration and social security: +€1,946
- Other debts -€1,116
down €1,116 (-3.4%), from €32,532 to €31,416
- Gross operating margin -€14,245
down €14,245 (-14.3%), from €99,933 to €85,688
- Staff costs -€11,140
down €11,140 (-11.8%), from €94,034 to €82,894
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,856 | €40,662 | -€5,193 | -11.3% |
| Fixed assets | 21/28 | €19,265 | €15,472 | -€3,793 | -19.7% |
| Tangible fixed assets | 22/27 | €19,265 | €15,472 | -€3,793 | -19.7% |
| Plant, machinery and equipment | 23 | €3,193 | €1,909 | -€1,284 | -40.2% |
| Other tangible fixed assets | 26 | €16,072 | €13,563 | -€2,509 | -15.6% |
| Current assets | 29/58 | €26,591 | €25,190 | -€1,401 | -5.3% |
| Stocks and contracts in progress | 3 | €11,674 | €10,785 | -€889 | -7.6% |
| Stocks | 30/36 | €11,674 | €10,785 | -€889 | -7.6% |
| Amounts receivable within one year | 40/41 | €983 | €1,798 | +€815 | +82.9% |
| Trade receivables | 40 | €233 | €763 | +€530 | +227.4% |
| Other amounts receivable | 41 | €750 | €1,035 | +€285 | +38.0% |
| Cash at bank and in hand | 54/58 | €12,165 | €11,567 | -€598 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,769 | €1,040 | -€729 | -41.2% |
| Total equity and liabilities | 10/49 | €45,856 | €40,662 | -€5,193 | -11.3% |
| Equity | 10/15 | -€48,941 | -€53,810 | -€4,869 | -9.9% |
| Contributions | 10/11 | €227,500 | €227,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,441 | -€281,310 | -€4,869 | -1.8% |
| Amounts payable | 17/49 | €94,797 | €94,473 | -€325 | -0.3% |
| Amounts payable after more than one year | 17 | €36,000 | €31,000 | -€5,000 | -13.9% |
| Financial debts | 170/4 | €36,000 | €31,000 | -€5,000 | -13.9% |
| Amounts payable within one year | 42/48 | €53,298 | €58,290 | +€4,992 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €2,084 | €5,862 | +€3,778 | +181.2% |
| Suppliers | 440/4 | €2,084 | €5,862 | +€3,778 | +181.2% |
| Taxes, remuneration and social security | 45 | €12,681 | €15,012 | +€2,331 | +18.4% |
| Taxes | 450/3 | €5,259 | €5,644 | +€385 | +7.3% |
| Remuneration and social security | 454/9 | €7,422 | €9,367 | +€1,946 | +26.2% |
| Other amounts payable | 47/48 | €32,532 | €31,416 | -€1,116 | -3.4% |
| Accrued charges and deferred income | 492/3 | €5,499 | €5,183 | -€317 | -5.8% |
| Remuneration, social security and pensions | 62 | €94,034 | €82,894 | -€11,140 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,067 | €3,793 | -€274 | -6.7% |
| Other operating charges | 640/8 | €2,614 | €2,840 | +€226 | +8.6% |
| Gross operating margin | 9900 | €99,933 | €85,688 | -€14,245 | -14.3% |
| Operating profit (loss) | 9901 | -€782 | -€3,839 | -€3,057 | -391.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €1,252 | €1,030 | -€222 | -17.7% |
| Recurring financial charges | 65 | €1,252 | €1,030 | -€222 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,033 | -€4,869 | -€2,835 | -139.4% |
| Profit (loss) for the period | 9904 | -€2,033 | -€4,869 | -€2,835 | -139.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,033 | -€4,869 | -€2,835 | -139.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.