DUCHESSE: what changed
Two fiscal 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.
DUCHESSE
Largest movements
- Tangible fixed assets -€230,531
down €230,531 (-10.9%), from €2.1m to €1.9m
of which Land and buildings: -€229,151
- Cash +€64,584
up €64,584 (+269.4%), from €23,977 to €88,561
mainly Investment in fixed assets (net) (+€142,948) and Depreciation (+€87,583)
- Receivables within one year -€39,186
down €39,186 (-100.0%), from €39,186 to €0
- Other debts -€240,975
down €240,975 (-30.4%), from €793,434 to €552,459
- Reserves +€55,615
up €55,615 (+16.3%), from €341,786 to €397,401
of which Distributable reserves: +€50,969
- Debts after one year -€36,424
down €36,424 (-9.8%), from €373,147 to €336,723
- Tax, wage and social debts +€29,872
up €29,872 (+96.0%), from €31,125 to €60,997
- Gross operating margin +€35,367
up €35,367 (+21.0%), from €168,643 to €204,010
- Financial charges +€9,576
up €9,576 (+31.4%), from €30,504 to €40,080
- Depreciation -€4,943
down €4,943 (-5.3%), from €92,527 to €87,583
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,175,176 | €1,971,087 | -€204,088 | -9.4% |
| Fixed assets | 21/28 | €2,111,338 | €1,880,807 | -€230,531 | -10.9% |
| Tangible fixed assets | 22/27 | €2,111,338 | €1,880,807 | -€230,531 | -10.9% |
| Land and buildings | 22 | €2,050,199 | €1,821,049 | -€229,151 | -11.2% |
| Plant, machinery and equipment | 23 | - | €2,713 | +€2,713 | |
| Furniture and vehicles | 24 | €61,139 | €57,045 | -€4,094 | -6.7% |
| Current assets | 29/58 | €63,838 | €90,281 | +€26,443 | +41.4% |
| Amounts receivable within one year | 40/41 | €39,186 | €0 | -€39,186 | -100.0% |
| Other amounts receivable | 41 | €39,186 | €0 | -€39,186 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,977 | €88,561 | +€64,584 | +269.4% |
| Deferred charges and accrued income | 490/1 | €675 | €1,720 | +€1,045 | +154.7% |
| Total equity and liabilities | 10/49 | €2,175,176 | €1,971,087 | -€204,088 | -9.4% |
| Equity | 10/15 | €805,786 | €861,401 | +€55,615 | +6.9% |
| Contributions | 10/11 | €464,000 | €464,000 | = | 0.0% |
| Capital | 10 | €464,000 | €464,000 | = | 0.0% |
| Issued capital | 100 | €464,000 | €464,000 | = | 0.0% |
| Reserves | 13 | €341,786 | €397,401 | +€55,615 | +16.3% |
| Non-distributable reserves | 130/1 | €46,400 | €46,400 | = | 0.0% |
| Legal reserve | 130 | €46,400 | €46,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,582 | €257,228 | +€4,646 | +1.8% |
| Distributable reserves | 133 | €42,804 | €93,773 | +€50,969 | +119.1% |
| Provisions and deferred taxes | 16 | €136,822 | €117,783 | -€19,039 | -13.9% |
| Deferred taxes | 168 | €136,822 | €117,783 | -€19,039 | -13.9% |
| Amounts payable | 17/49 | €1,232,567 | €991,903 | -€240,664 | -19.5% |
| Amounts payable after more than one year | 17 | €373,147 | €336,723 | -€36,424 | -9.8% |
| Financial debts | 170/4 | €373,147 | €336,723 | -€36,424 | -9.8% |
| Amounts payable within one year | 42/48 | €859,420 | €655,180 | -€204,240 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €34,861 | €36,424 | +€1,563 | +4.5% |
| Trade debts | 44 | - | €5,300 | +€5,300 | |
| Suppliers | 440/4 | - | €5,300 | +€5,300 | |
| Taxes, remuneration and social security | 45 | €31,125 | €60,997 | +€29,872 | +96.0% |
| Taxes | 450/3 | €31,125 | €60,997 | +€29,872 | +96.0% |
| Other amounts payable | 47/48 | €793,434 | €552,459 | -€240,975 | -30.4% |
| Non-recurring operating income | 76A | €78,248 | €111,017 | +€32,770 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,527 | €87,583 | -€4,943 | -5.3% |
| Other operating charges | 640/8 | €10,263 | €10,417 | +€154 | +1.5% |
| Gross operating margin | 9900 | €168,643 | €204,010 | +€35,367 | +21.0% |
| Operating profit (loss) | 9901 | €65,853 | €106,010 | +€40,156 | +61.0% |
| Financial charges | 65/66B | €30,504 | €40,080 | +€9,576 | +31.4% |
| Recurring financial charges | 65 | €30,504 | €40,080 | +€9,576 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €35,349 | €65,930 | +€30,580 | +86.5% |
| Transfer from deferred taxes | 780 | €49,773 | €64,063 | +€14,290 | +28.7% |
| Transfer to deferred taxes | 680 | €19,562 | €27,754 | +€8,192 | +41.9% |
| Income taxes | 67/77 | €30,713 | €29,353 | -€1,360 | -4.4% |
| Profit (loss) for the period | 9904 | €34,848 | €72,885 | +€38,037 | +109.2% |
| Transfer from tax-exempt reserves | 789 | €83,447 | €61,347 | -€22,100 | -26.5% |
| Transfer to tax-exempt reserves | 689 | €58,686 | €83,263 | +€24,577 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,609 | €50,969 | -€8,640 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.