DUCIEL: what changed
DUCIEL
Largest movements
- Cash -€31,242
down €31,242 (-64.6%), from €48,337 to €17,095
mainly Tax, wage and social debts (-€12,787) and Debts after one year (-€9,536)
- Tangible fixed assets -€8,997
down €8,997 (-42.2%), from €21,340 to €12,343
of which Leasing and similar rights: -€10,524
- Receivables within one year +€3,527
up €3,527 (+26.3%), from €13,416 to €16,944
of which Trade receivables: +€11,774
- Tax, wage and social debts -€12,787
down €12,787 (-79.5%), from €16,086 to €3,299
of which Remuneration and social security: -€9,372
- Debts after one year -€9,536
down €9,536 (-100%), from €9,536 to €0
- Trade debts -€7,380
down €7,380 (-73.0%), from €10,107 to €2,727
- Other debts -€4,506
down €4,506 (-29.2%), from €15,453 to €10,947
- Current portion of long-term debt +€2,903
up €2,903 (+43.8%), from €6,633 to €9,536
- Gross operating margin -€15,053
down €15,053 (-50.9%), from €29,567 to €14,513
- Other operating charges -€9,551
down €9,551 (-89.0%), from €10,725 to €1,175
- Taxes -€1,466
down €1,466 (-85.1%), from €1,724 to €258
- Depreciation +€512
up €512 (+3.6%), from €14,242 to €14,754
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 | €84,987 | €48,862 | -€36,125 | -42.5% |
| Fixed assets | 21/28 | €21,715 | €12,718 | -€8,997 | -41.4% |
| Tangible fixed assets | 22/27 | €21,340 | €12,343 | -€8,997 | -42.2% |
| Furniture and vehicles | 24 | €8,134 | €9,662 | +€1,527 | +18.8% |
| Leasing and similar rights | 25 | €13,206 | €2,682 | -€10,524 | -79.7% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €63,272 | €36,144 | -€27,129 | -42.9% |
| Amounts receivable within one year | 40/41 | €13,416 | €16,944 | +€3,527 | +26.3% |
| Trade receivables | 40 | €145 | €11,919 | +€11,774 | +8,109% |
| Other amounts receivable | 41 | €13,271 | €5,025 | -€8,246 | -62.1% |
| Cash at bank and in hand | 54/58 | €48,337 | €17,095 | -€31,242 | -64.6% |
| Deferred charges and accrued income | 490/1 | €1,519 | €2,105 | +€586 | +38.6% |
| Total equity and liabilities | 10/49 | €84,987 | €48,862 | -€36,125 | -42.5% |
| Equity | 10/15 | €23,423 | €21,103 | -€2,320 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,720 | €2,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €860 | €860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,103 | -€218 | -€2,320 | |
| Amounts payable | 17/49 | €61,564 | €27,759 | -€33,805 | -54.9% |
| Amounts payable after more than one year | 17 | €9,536 | €0 | -€9,536 | -100% |
| Financial debts | 170/4 | €9,536 | €0 | -€9,536 | -100% |
| Amounts payable within one year | 42/48 | €52,028 | €27,759 | -€24,269 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €6,633 | €9,536 | +€2,903 | +43.8% |
| Financial debts | 43 | €3,750 | €1,250 | -€2,500 | -66.7% |
| Credit institutions | 430/8 | €3,750 | €1,250 | -€2,500 | -66.7% |
| Trade debts | 44 | €10,107 | €2,727 | -€7,380 | -73.0% |
| Suppliers | 440/4 | €10,107 | €2,727 | -€7,380 | -73.0% |
| Taxes, remuneration and social security | 45 | €16,086 | €3,299 | -€12,787 | -79.5% |
| Taxes | 450/3 | €5,129 | €1,714 | -€3,415 | -66.6% |
| Remuneration and social security | 454/9 | €10,957 | €1,586 | -€9,372 | -85.5% |
| Other amounts payable | 47/48 | €15,453 | €10,947 | -€4,506 | -29.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,242 | €14,754 | +€512 | +3.6% |
| Other operating charges | 640/8 | €10,725 | €1,175 | -€9,551 | -89.0% |
| Gross operating margin | 9900 | €29,567 | €14,513 | -€15,053 | -50.9% |
| Operating profit (loss) | 9901 | €4,599 | -€1,415 | -€6,014 | |
| Financial income | 75/76B | €23 | €28 | +€5 | +24.3% |
| Recurring financial income | 75 | €23 | €28 | +€5 | +24.3% |
| Financial charges | 65/66B | €795 | €676 | -€120 | -15.0% |
| Recurring financial charges | 65 | €795 | €676 | -€120 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €3,827 | -€2,063 | -€5,889 | |
| Income taxes | 67/77 | €1,724 | €258 | -€1,466 | -85.1% |
| Profit (loss) for the period | 9904 | €2,103 | -€2,320 | -€4,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,103 | -€2,320 | -€4,423 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.