DUCHEMIN AGT: 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.
DUCHEMIN AGT
Largest movements
- Stocks and contracts +€120,215
up €120,215 (+93.4%), from €128,736 to €248,951
- Tangible fixed assets +€78,660
up €78,660 (+94.9%), from €82,876 to €161,535
of which Other tangible fixed assets: +€94,434
- Cash +€20,957
up €20,957 (+19.3%), from €108,730 to €129,687
mainly Other debts (+€256,052) and Net result for the year (+€141,727)
- Receivables within one year -€6,310
down €6,310 (-9.9%), from €63,721 to €57,410
of which Other amounts receivable: -€4,002
- Other debts +€256,052
up €256,052 (+22,755%), from €1,125 to €257,177
- Profit (loss) carried forward -€158,939
down €158,939 (-100%), from €158,939 to €0
- Tax, wage and social debts +€85,399
up €85,399 (+157%), from €54,527 to €139,926
of which Taxes: +€94,317
- Debts after one year +€31,871
up €31,871, from €0 to €31,871
- Trade debts -€7,366
down €7,366 (-7.5%), from €97,743 to €90,377
- Gross operating margin +€131,837
up €131,837 (+77.5%), from €170,071 to €301,908
- Taxes +€46,802
up €46,802 (+839%), from €5,576 to €52,379
- Staff costs -€43,776
down €43,776 (-38.5%), from €113,626 to €69,850
- Depreciation +€9,406
up €9,406 (+54.4%), from €17,303 to €26,709
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 | €386,346 | €597,644 | +€211,297 | +54.7% |
| Fixed assets | 21/28 | €83,911 | €161,595 | +€77,684 | +92.6% |
| Intangible fixed assets | 21 | €975 | €0 | -€975 | -100% |
| Tangible fixed assets | 22/27 | €82,876 | €161,535 | +€78,660 | +94.9% |
| Plant, machinery and equipment | 23 | €28,009 | €19,297 | -€8,713 | -31.1% |
| Furniture and vehicles | 24 | €30,061 | €23,000 | -€7,061 | -23.5% |
| Other tangible fixed assets | 26 | €24,805 | €119,238 | +€94,434 | +381% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €302,435 | €436,048 | +€133,613 | +44.2% |
| Stocks and contracts in progress | 3 | €128,736 | €248,951 | +€120,215 | +93.4% |
| Stocks | 30/36 | €128,736 | €248,951 | +€120,215 | +93.4% |
| Amounts receivable within one year | 40/41 | €63,721 | €57,410 | -€6,310 | -9.9% |
| Trade receivables | 40 | €54,665 | €52,357 | -€2,308 | -4.2% |
| Other amounts receivable | 41 | €9,056 | €5,054 | -€4,002 | -44.2% |
| Cash at bank and in hand | 54/58 | €108,730 | €129,687 | +€20,957 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,248 | €0 | -€1,248 | -100% |
| Total equity and liabilities | 10/49 | €386,346 | €597,644 | +€211,297 | +54.7% |
| Equity | 10/15 | €209,399 | €50,460 | -€158,939 | -75.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,939 | €0 | -€158,939 | -100% |
| Amounts payable | 17/49 | €176,947 | €547,184 | +€370,236 | +209% |
| Amounts payable after more than one year | 17 | €0 | €31,871 | +€31,871 | |
| Financial debts | 170/4 | €0 | €31,871 | +€31,871 | |
| Amounts payable within one year | 42/48 | €176,947 | €515,312 | +€338,365 | +191% |
| Current portion of amounts payable after more than one year | 42 | €23,552 | €22,166 | -€1,386 | -5.9% |
| Trade debts | 44 | €97,743 | €90,377 | -€7,366 | -7.5% |
| Suppliers | 440/4 | €97,743 | €90,377 | -€7,366 | -7.5% |
| Advances received on contracts in progress | 46 | - | €5,666 | +€5,666 | |
| Taxes, remuneration and social security | 45 | €54,527 | €139,926 | +€85,399 | +157% |
| Taxes | 450/3 | €35,636 | €129,952 | +€94,317 | +265% |
| Remuneration and social security | 454/9 | €18,891 | €9,973 | -€8,918 | -47.2% |
| Other amounts payable | 47/48 | €1,125 | €257,177 | +€256,052 | +22,755% |
| Non-recurring operating income | 76A | - | €8,932 | +€8,932 | |
| Remuneration, social security and pensions | 62 | €113,626 | €69,850 | -€43,776 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,303 | €26,709 | +€9,406 | +54.4% |
| Other operating charges | 640/8 | €1,555 | €1,164 | -€391 | -25.1% |
| Non-recurring operating charges | 66A | - | €3,359 | +€3,359 | |
| Gross operating margin | 9900 | €170,071 | €301,908 | +€131,837 | +77.5% |
| Operating profit (loss) | 9901 | €37,587 | €200,826 | +€163,239 | +434% |
| Financial income | 75/76B | €586 | €1,305 | +€719 | +123% |
| Recurring financial income | 75 | €586 | €1,305 | +€719 | +123% |
| Financial charges | 65/66B | €8,812 | €8,025 | -€787 | -8.9% |
| Recurring financial charges | 65 | €8,812 | €8,025 | -€787 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €29,360 | €194,106 | +€164,746 | +561% |
| Income taxes | 67/77 | €5,576 | €52,379 | +€46,802 | +839% |
| Profit (loss) for the period | 9904 | €23,784 | €141,727 | +€117,944 | +496% |
| Profit (loss) for the period to be appropriated | 9905 | €23,784 | €141,727 | +€117,944 | +496% |
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 1 November 2026 via checked.be.