Ducha: 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.
Ducha
Largest movements
- Current investments +€85,000
up €85,000 (+24.4%), from €348,105 to €433,105
- Receivables after one year -€25,583
down €25,583 (-50.0%), from €51,167 to €25,583
- Cash -€25,310
down €25,310 (-39.6%), from €63,964 to €38,654
mainly Current investments (-€85,000) and Other debts (-€43,103)
- Tangible fixed assets -€11,338
down €11,338 (-43.6%), from €26,001 to €14,663
of which Furniture and vehicles: -€11,338
- Reserves +€84,670
up €84,670 (+19.0%), from €445,121 to €529,791
- Other debts -€43,103
down €43,103 (-83.0%), from €51,906 to €8,803
- Current portion of long-term debt -€9,370
down €9,370 (-74.9%), from €12,511 to €3,141
- Tax, wage and social debts -€7,682
down €7,682 (-31.9%), from €24,050 to €16,368
- Gross operating margin +€41,788
up €41,788 (+51.0%), from €81,946 to €123,735
- Financial charges +€24,732
up €24,732, from -€24,327 to €405
- Taxes +€11,646
up €11,646 (+41.2%), from €28,284 to €39,929
- Financial income +€6,205
up €6,205 (+81.1%), from €7,651 to €13,856
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 | €561,791 | €585,433 | +€23,643 | +4.2% |
| Fixed assets | 21/28 | €43,991 | €32,653 | -€11,338 | -25.8% |
| Tangible fixed assets | 22/27 | €26,001 | €14,663 | -€11,338 | -43.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €26,001 | €14,663 | -€11,338 | -43.6% |
| Financial fixed assets | 28 | €17,990 | €17,990 | = | 0.0% |
| Current assets | 29/58 | €517,800 | €552,780 | +€34,981 | +6.8% |
| Amounts receivable after more than one year | 29 | €51,167 | €25,583 | -€25,583 | -50.0% |
| Other amounts receivable | 291 | €51,167 | €25,583 | -€25,583 | -50.0% |
| Amounts receivable within one year | 40/41 | €52,564 | €53,373 | +€809 | +1.5% |
| Other amounts receivable | 41 | €52,564 | €53,373 | +€809 | +1.5% |
| Current investments | 50/53 | €348,105 | €433,105 | +€85,000 | +24.4% |
| Cash at bank and in hand | 54/58 | €63,964 | €38,654 | -€25,310 | -39.6% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,065 | +€64 | +3.2% |
| Total equity and liabilities | 10/49 | €561,791 | €585,433 | +€23,643 | +4.2% |
| Equity | 10/15 | €470,121 | €554,791 | +€84,670 | +18.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €445,121 | €529,791 | +€84,670 | +19.0% |
| Distributable reserves | 133 | €445,121 | €529,791 | +€84,670 | +19.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,670 | €30,642 | -€61,028 | -66.6% |
| Amounts payable after more than one year | 17 | €3,141 | €0 | -€3,141 | -100.0% |
| Financial debts | 170/4 | €3,141 | €0 | -€3,141 | -100.0% |
| Amounts payable within one year | 42/48 | €88,529 | €30,642 | -€57,887 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €12,511 | €3,141 | -€9,370 | -74.9% |
| Financial debts | 43 | - | €2,247 | +€2,247 | |
| Credit institutions | 430/8 | - | €2,247 | +€2,247 | |
| Trade debts | 44 | €62 | €83 | +€21 | +33.7% |
| Suppliers | 440/4 | €62 | €83 | +€21 | +33.7% |
| Taxes, remuneration and social security | 45 | €24,050 | €16,368 | -€7,682 | -31.9% |
| Taxes | 450/3 | €24,050 | €16,368 | -€7,682 | -31.9% |
| Other amounts payable | 47/48 | €51,906 | €8,803 | -€43,103 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,575 | €11,220 | -€354 | -3.1% |
| Other operating charges | 640/8 | €1,208 | €1,248 | +€40 | +3.3% |
| Non-recurring operating charges | 66A | - | €117 | +€117 | |
| Gross operating margin | 9900 | €81,946 | €123,735 | +€41,788 | +51.0% |
| Operating profit (loss) | 9901 | €69,163 | €111,148 | +€41,985 | +60.7% |
| Financial income | 75/76B | €7,651 | €13,856 | +€6,205 | +81.1% |
| Recurring financial income | 75 | €7,651 | €13,856 | +€6,205 | +81.1% |
| Financial charges | 65/66B | -€24,327 | €405 | +€24,732 | |
| Recurring financial charges | 65 | -€24,327 | €405 | +€24,732 | |
| Profit (loss) for the period before taxes | 9903 | €101,141 | €124,600 | +€23,458 | +23.2% |
| Income taxes | 67/77 | €28,284 | €39,929 | +€11,646 | +41.2% |
| Profit (loss) for the period | 9904 | €72,858 | €84,670 | +€11,813 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,858 | €84,670 | +€11,813 | +16.2% |
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 2 October 2026 via checked.be.