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
- Receivables within one year -€39,737
down €39,737 (-59.0%), from €67,325 to €27,588
of which Other amounts receivable: -€28,892
- Tangible fixed assets +€20,171
up €20,171 (+21.3%), from €94,911 to €115,082
of which Land and buildings: +€24,576
- Cash -€11,242
down €11,242 (-87.4%), from €12,862 to €1,621
mainly Investment in fixed assets (net) (-€36,326) and Tax, wage and social debts (-€17,967)
- Tax, wage and social debts -€17,967
down €17,967 (-98.0%), from €18,328 to €361
- Reserves -€16,644
down €16,644 (-12.0%), from €139,164 to €122,520
- Other debts +€16,644
new in 2025: €16,644
- Profit (loss) carried forward -€8,665
down €8,665, from €6,927 to -€1,738
- Accrued charges and deferred income -€2,700
no longer reported in 2025 (was €2,700)
- Gross operating margin -€122,436
down €122,436 (-92.1%), from €132,874 to €10,438
- Taxes -€17,877
down €17,877 (-98.2%), from €18,207 to €330
- Depreciation -€3,341
down €3,341 (-17.1%), from €19,497 to €16,155
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 | €175,240 | €144,529 | -€30,711 | -17.5% |
| Fixed assets | 21/28 | €94,911 | €115,082 | +€20,171 | +21.3% |
| Tangible fixed assets | 22/27 | €94,911 | €115,082 | +€20,171 | +21.3% |
| Land and buildings | 22 | €90,506 | €115,082 | +€24,576 | +27.2% |
| Furniture and vehicles | 24 | €913 | - | -€913 | |
| Other tangible fixed assets | 26 | €3,492 | - | -€3,492 | |
| Current assets | 29/58 | €80,329 | €29,447 | -€50,882 | -63.3% |
| Amounts receivable within one year | 40/41 | €67,325 | €27,588 | -€39,737 | -59.0% |
| Trade receivables | 40 | €17,509 | €6,663 | -€10,845 | -61.9% |
| Other amounts receivable | 41 | €49,817 | €20,925 | -€28,892 | -58.0% |
| Cash at bank and in hand | 54/58 | €12,862 | €1,621 | -€11,242 | -87.4% |
| Deferred charges and accrued income | 490/1 | €142 | €239 | +€97 | +68.1% |
| Total equity and liabilities | 10/49 | €175,240 | €144,529 | -€30,711 | -17.5% |
| Equity | 10/15 | €152,296 | €126,987 | -€25,309 | -16.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €139,164 | €122,520 | -€16,644 | -12.0% |
| Distributable reserves | 133 | €139,164 | €122,520 | -€16,644 | -12.0% |
| Profit (loss) carried forward | 14 | €6,927 | -€1,738 | -€8,665 | |
| Amounts payable | 17/49 | €22,944 | €17,542 | -€5,402 | -23.5% |
| Amounts payable within one year | 42/48 | €20,244 | €17,542 | -€2,702 | -13.3% |
| Financial debts | 43 | - | €54 | +€54 | |
| Credit institutions | 430/8 | - | €54 | +€54 | |
| Trade debts | 44 | €1,916 | €483 | -€1,433 | -74.8% |
| Suppliers | 440/4 | €1,916 | €483 | -€1,433 | -74.8% |
| Taxes, remuneration and social security | 45 | €18,328 | €361 | -€17,967 | -98.0% |
| Taxes | 450/3 | €18,328 | €361 | -€17,967 | -98.0% |
| Other amounts payable | 47/48 | - | €16,644 | +€16,644 | |
| Accrued charges and deferred income | 492/3 | €2,700 | - | -€2,700 | |
| Non-recurring operating income | 76A | €90,000 | €747 | -€89,253 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,497 | €16,155 | -€3,341 | -17.1% |
| Other operating charges | 640/8 | €4,096 | €4,566 | +€470 | +11.5% |
| Gross operating margin | 9900 | €132,874 | €10,438 | -€122,436 | -92.1% |
| Operating profit (loss) | 9901 | €109,281 | -€10,284 | -€119,565 | |
| Financial income | 75/76B | €2,745 | €2,085 | -€659 | -24.0% |
| Recurring financial income | 75 | €2,745 | €2,085 | -€659 | -24.0% |
| Financial charges | 65/66B | €97 | €137 | +€40 | +41.0% |
| Recurring financial charges | 65 | €97 | €137 | +€40 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €111,928 | -€8,335 | -€120,264 | |
| Income taxes | 67/77 | €18,207 | €330 | -€17,877 | -98.2% |
| Profit (loss) for the period | 9904 | €93,721 | -€8,665 | -€102,387 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,721 | -€8,665 | -€102,387 |
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.