DUCHE: 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.
DUCHE
Largest movements
- Cash -€14,970
down €14,970 (-12.2%), from €122,991 to €108,021
mainly Net result for the year (-€18,028) and Other debts (-€2,755)
- Receivables within one year -€5,133
down €5,133 (-84.3%), from €6,090 to €957
of which Other amounts receivable: -€5,141
- Tangible fixed assets -€2,713
down €2,713 (-33.7%), from €8,052 to €5,339
- Profit (loss) carried forward -€18,028
down €18,028 (-16.2%), from €111,264 to €93,235
- Other debts -€2,755
down €2,755 (-93.6%), from €2,942 to €187
- Depreciation -€1,358
down €1,358 (-33.4%), from €4,071 to €2,713
- Gross operating margin +€1,272
up €1,272 (+7.8%), from -€16,296 to -€15,025
- Other operating charges -€475
no longer reported in 2025 (was €475)
- Staff costs -€350
down €350 (-65.9%), from €530 to €181
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 | €137,132 | €114,317 | -€22,815 | -16.6% |
| Fixed assets | 21/28 | €8,052 | €5,339 | -€2,713 | -33.7% |
| Tangible fixed assets | 22/27 | €8,052 | €5,339 | -€2,713 | -33.7% |
| Plant, machinery and equipment | 23 | €8,052 | €5,339 | -€2,713 | -33.7% |
| Current assets | 29/58 | €129,081 | €108,978 | -€20,103 | -15.6% |
| Amounts receivable within one year | 40/41 | €6,090 | €957 | -€5,133 | -84.3% |
| Trade receivables | 40 | €169 | €177 | +€8 | +4.8% |
| Other amounts receivable | 41 | €5,921 | €779 | -€5,141 | -86.8% |
| Cash at bank and in hand | 54/58 | €122,991 | €108,021 | -€14,970 | -12.2% |
| Total equity and liabilities | 10/49 | €137,132 | €114,317 | -€22,815 | -16.6% |
| Equity | 10/15 | €132,158 | €114,130 | -€18,028 | -13.6% |
| Contributions | 10/11 | €18,994 | €18,994 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,264 | €93,235 | -€18,028 | -16.2% |
| Amounts payable | 17/49 | €4,974 | €187 | -€4,787 | -96.2% |
| Amounts payable within one year | 42/48 | €4,974 | €187 | -€4,787 | -96.2% |
| Trade debts | 44 | €1,032 | - | -€1,032 | |
| Suppliers | 440/4 | €1,032 | - | -€1,032 | |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €2,942 | €187 | -€2,755 | -93.6% |
| Remuneration, social security and pensions | 62 | €530 | €181 | -€350 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,071 | €2,713 | -€1,358 | -33.4% |
| Other operating charges | 640/8 | €475 | - | -€475 | |
| Gross operating margin | 9900 | -€16,296 | -€15,025 | +€1,272 | +7.8% |
| Operating profit (loss) | 9901 | -€21,372 | -€17,918 | +€3,454 | +16.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €131 | €112 | -€19 | -14.7% |
| Recurring financial charges | 65 | €131 | €112 | -€19 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,503 | -€18,028 | +€3,475 | +16.2% |
| Profit (loss) for the period | 9904 | -€21,503 | -€18,028 | +€3,475 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,503 | -€18,028 | +€3,475 | +16.2% |
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 18 October 2026 via checked.be.