DUCHATEAU: 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.
DUCHATEAU
Largest movements
- Tangible fixed assets +€37,192
up €37,192 (+650%), from €5,718 to €42,910
of which Furniture and vehicles: +€31,733
- Cash +€32,236
up €32,236 (+72.7%), from €44,315 to €76,552
mainly Net result for the year (+€30,382) and Debts after one year (+€21,487)
- Receivables within one year -€14,455
down €14,455 (-6.3%), from €229,650 to €215,195
of which Other amounts receivable: -€14,694
- Stocks and contracts +€7,986
up €7,986 (+6.9%), from €115,334 to €123,320
- Reserves +€30,382
up €30,382 (+12.8%), from €236,472 to €266,854
of which Distributable reserves: +€30,382
- Debts after one year +€21,487
new in 2025: €21,487
- Trade debts +€6,671
up €6,671 (+18.0%), from €37,094 to €43,765
- Purchases and services -€39,439
down €39,439 (-7.6%), from €519,278 to €479,839
- Gross operating margin +€30,291
up €30,291 (+113%), from €26,697 to €56,989
- Taxes +€10,154
up €10,154 (+242%), from €4,191 to €14,345
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 | €395,822 | €459,423 | +€63,601 | +16.1% |
| Fixed assets | 21/28 | €5,898 | €43,090 | +€37,192 | +631% |
| Tangible fixed assets | 22/27 | €5,718 | €42,910 | +€37,192 | +650% |
| Plant, machinery and equipment | 23 | €746 | €0 | -€746 | -100% |
| Furniture and vehicles | 24 | €4,972 | €36,706 | +€31,733 | +638% |
| Other tangible fixed assets | 26 | - | €6,204 | +€6,204 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €389,924 | €416,333 | +€26,409 | +6.8% |
| Stocks and contracts in progress | 3 | €115,334 | €123,320 | +€7,986 | +6.9% |
| Stocks | 30/36 | €115,334 | €123,320 | +€7,986 | +6.9% |
| Amounts receivable within one year | 40/41 | €229,650 | €215,195 | -€14,455 | -6.3% |
| Trade receivables | 40 | €99,565 | €99,804 | +€239 | +0.2% |
| Other amounts receivable | 41 | €130,085 | €115,391 | -€14,694 | -11.3% |
| Cash at bank and in hand | 54/58 | €44,315 | €76,552 | +€32,236 | +72.7% |
| Deferred charges and accrued income | 490/1 | €625 | €1,267 | +€642 | +103% |
| Total equity and liabilities | 10/49 | €395,822 | €459,423 | +€63,601 | +16.1% |
| Equity | 10/15 | €308,972 | €339,354 | +€30,382 | +9.8% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Capital | 10 | €72,500 | €72,500 | = | 0.0% |
| Issued capital | 100 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €236,472 | €266,854 | +€30,382 | +12.8% |
| Non-distributable reserves | 130/1 | €7,250 | €7,250 | = | 0.0% |
| Legal reserve | 130 | €7,250 | €7,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,023 | €2,023 | = | 0.0% |
| Distributable reserves | 133 | €227,199 | €257,581 | +€30,382 | +13.4% |
| Amounts payable | 17/49 | €86,850 | €120,069 | +€33,219 | +38.2% |
| Amounts payable after more than one year | 17 | - | €21,487 | +€21,487 | |
| Financial debts | 170/4 | - | €21,487 | +€21,487 | |
| Amounts payable within one year | 42/48 | €86,850 | €97,337 | +€10,487 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €10,268 | €13,719 | +€3,451 | +33.6% |
| Trade debts | 44 | €37,094 | €43,765 | +€6,671 | +18.0% |
| Suppliers | 440/4 | €37,094 | €43,765 | +€6,671 | +18.0% |
| Advances received on contracts in progress | 46 | €6,456 | €7,931 | +€1,474 | +22.8% |
| Taxes, remuneration and social security | 45 | €33,031 | €31,922 | -€1,109 | -3.4% |
| Taxes | 450/3 | €33,031 | €31,922 | -€1,109 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €1,245 | +€1,245 | |
| Turnover | 70 | €545,975 | €540,993 | -€4,982 | -0.9% |
| Non-recurring operating income | 76A | - | €472 | +€472 | |
| Goods, raw materials, services and sundry goods | 60/61 | €519,278 | €479,839 | -€39,439 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,079 | €4,647 | -€2,432 | -34.4% |
| Other operating charges | 640/8 | €1,550 | €4,899 | +€3,349 | +216% |
| Gross operating margin | 9900 | €26,697 | €56,989 | +€30,291 | +113% |
| Operating profit (loss) | 9901 | €18,069 | €47,443 | +€29,375 | +163% |
| Financial income | 75/76B | €422 | €165 | -€257 | -60.9% |
| Recurring financial income | 75 | €422 | €165 | -€257 | -60.9% |
| Financial charges | 65/66B | €4,114 | €2,881 | -€1,233 | -30.0% |
| Recurring financial charges | 65 | €4,114 | €2,881 | -€1,233 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €14,376 | €44,727 | +€30,351 | +211% |
| Income taxes | 67/77 | €4,191 | €14,345 | +€10,154 | +242% |
| Profit (loss) for the period | 9904 | €10,186 | €30,382 | +€20,196 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €10,186 | €30,382 | +€20,196 | +198% |
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 19 October 2026 via checked.be.