Ducidux: 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.
Ducidux
Largest movements
- Cash +€45,282
up €45,282 (+67.4%), from €67,201 to €112,483
mainly Net result for the year (+€59,627) and Tax, wage and social debts (+€14,449)
- Receivables within one year +€27,729
up €27,729 (+206.5%), from €13,428 to €41,156
of which Trade receivables: +€26,105
- Reserves +€59,627
up €59,627 (+107.5%), from €55,445 to €115,072
- Tax, wage and social debts +€14,449
up €14,449 (+61.4%), from €23,544 to €37,993
- Other debts -€1,782
down €1,782 (-100.0%), from €1,782 to €0
- Gross operating margin +€9,113
up €9,113 (+12.9%), from €70,770 to €79,883
- Staff costs +€1,745
up €1,745 (+592.3%), from €295 to €2,040
- Taxes +€1,318
up €1,318 (+8.7%), from €15,167 to €16,486
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 | €85,179 | €157,290 | +€72,111 | +84.7% |
| Fixed assets | 21/28 | €2,519 | €1,431 | -€1,088 | -43.2% |
| Tangible fixed assets | 22/27 | €2,519 | €1,431 | -€1,088 | -43.2% |
| Furniture and vehicles | 24 | €2,519 | €1,431 | -€1,088 | -43.2% |
| Current assets | 29/58 | €82,660 | €155,859 | +€73,199 | +88.6% |
| Amounts receivable within one year | 40/41 | €13,428 | €41,156 | +€27,729 | +206.5% |
| Trade receivables | 40 | €13,428 | €39,532 | +€26,105 | +194.4% |
| Other amounts receivable | 41 | €0 | €1,624 | +€1,624 | |
| Cash at bank and in hand | 54/58 | €67,201 | €112,483 | +€45,282 | +67.4% |
| Deferred charges and accrued income | 490/1 | €2,032 | €2,220 | +€188 | +9.2% |
| Total equity and liabilities | 10/49 | €85,179 | €157,290 | +€72,111 | +84.7% |
| Equity | 10/15 | €59,445 | €119,072 | +€59,627 | +100.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €55,445 | €115,072 | +€59,627 | +107.5% |
| Distributable reserves | 133 | €55,445 | €115,072 | +€59,627 | +107.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,734 | €38,218 | +€12,484 | +48.5% |
| Amounts payable within one year | 42/48 | €25,568 | €38,218 | +€12,651 | +49.5% |
| Trade debts | 44 | €242 | €226 | -€17 | -6.9% |
| Suppliers | 440/4 | €242 | €226 | -€17 | -6.9% |
| Taxes, remuneration and social security | 45 | €23,544 | €37,993 | +€14,449 | +61.4% |
| Taxes | 450/3 | €23,544 | €37,993 | +€14,449 | +61.4% |
| Other amounts payable | 47/48 | €1,782 | €0 | -€1,782 | -100.0% |
| Accrued charges and deferred income | 492/3 | €166 | €0 | -€166 | -100.0% |
| Remuneration, social security and pensions | 62 | €295 | €2,040 | +€1,745 | +592.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745 | €1,088 | +€343 | +46.0% |
| Other operating charges | 640/8 | €146 | €370 | +€224 | +153.8% |
| Gross operating margin | 9900 | €70,770 | €79,883 | +€9,113 | +12.9% |
| Operating profit (loss) | 9901 | €69,585 | €76,385 | +€6,800 | +9.8% |
| Financial income | 75/76B | €1 | €43 | +€42 | +3815.5% |
| Recurring financial income | 75 | €1 | €43 | +€42 | +3815.5% |
| Financial charges | 65/66B | €621 | €316 | -€305 | -49.1% |
| Recurring financial charges | 65 | €621 | €316 | -€305 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | €68,965 | €76,112 | +€7,147 | +10.4% |
| Income taxes | 67/77 | €15,167 | €16,486 | +€1,318 | +8.7% |
| Profit (loss) for the period | 9904 | €53,798 | €59,627 | +€5,829 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,798 | €59,627 | +€5,829 | +10.8% |
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 11 October 2026 via checked.be.