DUCHEMIN Olivier: what changed
DUCHEMIN Olivier
Largest movements
- Tangible fixed assets -€3,621
down €3,621 (-75.2%), from €4,812 to €1,192
of which Furniture and vehicles: -€3,112
- Receivables within one year -€3,161
down €3,161 (-54.4%), from €5,811 to €2,650
of which Trade receivables: -€2,164
- Stocks and contracts -€3,016
down €3,016 (-35.1%), from €8,598 to €5,582
- Cash -€312
down €312 (-16.6%), from €1,879 to €1,566
mainly Net result for the year (-€13,012) and Advances received (-€5,500)
- Profit (loss) carried forward -€13,012
down €13,012 (-29.3%), from -€44,445 to -€57,457
- Other debts +€10,562
up €10,562 (+36.2%), from €29,179 to €39,742
- Advances received -€5,500
no longer reported in 2025 (was €5,500)
- Current portion of long-term debt -€2,861
no longer reported in 2025 (was €2,861)
- Trade debts +€2,191
up €2,191 (+114%), from €1,922 to €4,114
- Gross operating margin +€1,023
up €1,023 (+11.9%), from -€8,622 to -€7,598
- Depreciation -€976
down €976 (-20.2%), from €4,821 to €3,846
- Other operating charges -€139
down €139 (-9.5%), from €1,469 to €1,330
- Financial income +€97
new in 2025: €97
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,432 | €12,363 | -€10,069 | -44.9% |
| Fixed assets | 21/28 | €4,812 | €1,192 | -€3,621 | -75.2% |
| Tangible fixed assets | 22/27 | €4,812 | €1,192 | -€3,621 | -75.2% |
| Plant, machinery and equipment | 23 | €1,594 | €1,085 | -€509 | -31.9% |
| Furniture and vehicles | 24 | €3,219 | €107 | -€3,112 | -96.7% |
| Current assets | 29/58 | €17,620 | €11,172 | -€6,448 | -36.6% |
| Stocks and contracts in progress | 3 | €8,598 | €5,582 | -€3,016 | -35.1% |
| Stocks | 30/36 | €8,598 | €5,582 | -€3,016 | -35.1% |
| Amounts receivable within one year | 40/41 | €5,811 | €2,650 | -€3,161 | -54.4% |
| Trade receivables | 40 | €3,750 | €1,586 | -€2,164 | -57.7% |
| Other amounts receivable | 41 | €2,062 | €1,065 | -€997 | -48.4% |
| Cash at bank and in hand | 54/58 | €1,879 | €1,566 | -€312 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,331 | €1,373 | +€42 | +3.1% |
| Total equity and liabilities | 10/49 | €22,432 | €12,363 | -€10,069 | -44.9% |
| Equity | 10/15 | -€19,385 | -€32,397 | -€13,012 | -67.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,460 | €6,460 | = | 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% |
| Tax-exempt reserves | 132 | €4,600 | €4,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,445 | -€57,457 | -€13,012 | -29.3% |
| Amounts payable | 17/49 | €41,817 | €44,760 | +€2,943 | +7.0% |
| Amounts payable within one year | 42/48 | €41,817 | €44,760 | +€2,943 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €2,861 | - | -€2,861 | |
| Trade debts | 44 | €1,922 | €4,114 | +€2,191 | +114% |
| Suppliers | 440/4 | €1,922 | €4,114 | +€2,191 | +114% |
| Advances received on contracts in progress | 46 | €5,500 | - | -€5,500 | |
| Taxes, remuneration and social security | 45 | €2,354 | €905 | -€1,449 | -61.6% |
| Taxes | 450/3 | €2,354 | €905 | -€1,449 | -61.6% |
| Other amounts payable | 47/48 | €29,179 | €39,742 | +€10,562 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,821 | €3,846 | -€976 | -20.2% |
| Other operating charges | 640/8 | €1,469 | €1,330 | -€139 | -9.5% |
| Gross operating margin | 9900 | -€8,622 | -€7,598 | +€1,023 | +11.9% |
| Operating profit (loss) | 9901 | -€14,912 | -€12,774 | +€2,138 | +14.3% |
| Financial income | 75/76B | - | €97 | +€97 | |
| Recurring financial income | 75 | - | €97 | +€97 | |
| Financial charges | 65/66B | €232 | €150 | -€81 | -35.1% |
| Recurring financial charges | 65 | €232 | €150 | -€81 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,144 | -€12,827 | +€2,317 | +15.3% |
| Transfer from deferred taxes | 780 | €163 | - | -€163 | |
| Income taxes | 67/77 | €177 | €185 | +€8 | +4.7% |
| Profit (loss) for the period | 9904 | -€15,158 | -€13,012 | +€2,146 | +14.2% |
| Transfer from tax-exempt reserves | 789 | €637 | - | -€637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,521 | -€13,012 | +€1,509 | +10.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.