DUCIMMO: 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.
DUCIMMO
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+267%), from €380,378 to €1.4m
of which Land and buildings: +€1.0m
- Cash -€126,471
down €126,471 (-80.0%), from €158,027 to €31,556
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€86,848)
- Receivables within one year +€86,848
up €86,848 (+33.8%), from €256,849 to €343,697
of which Trade receivables: +€70,725
- Debts after one year +€949,323
up €949,323 (+964%), from €98,498 to €1.0m
- Other debts +€44,274
up €44,274 (+25.5%), from €173,453 to €217,727
- Profit (loss) carried forward -€42,026
down €42,026 (-27.7%), from €151,785 to €109,759
- Current portion of long-term debt +€40,019
up €40,019 (+104%), from €38,444 to €78,463
- Trade debts -€20,650
down €20,650 (-19.5%), from €105,749 to €85,099
- Depreciation +€147,602
up €147,602 (+576%), from €25,611 to €173,213
- Gross operating margin +€129,200
up €129,200 (+210%), from €61,567 to €190,767
- Financial charges +€21,169
up €21,169 (+109%), from €19,333 to €40,502
- Other operating charges +€8,735
up €8,735 (+77.9%), from €11,216 to €19,951
- Taxes -€2,286
down €2,286, from €2,273 to -€13
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 | €868,486 | €1,842,657 | +€974,171 | +112% |
| Fixed assets | 21/28 | €452,217 | €1,465,964 | +€1.0m | +224% |
| Tangible fixed assets | 22/27 | €380,378 | €1,394,125 | +€1.0m | +267% |
| Land and buildings | 22 | €378,027 | €1,392,881 | +€1.0m | +268% |
| Plant, machinery and equipment | 23 | €2,351 | €1,244 | -€1,107 | -47.1% |
| Financial fixed assets | 28 | €71,839 | €71,839 | = | 0.0% |
| Current assets | 29/58 | €416,268 | €376,693 | -€39,575 | -9.5% |
| Amounts receivable within one year | 40/41 | €256,849 | €343,697 | +€86,848 | +33.8% |
| Trade receivables | 40 | €105,618 | €176,343 | +€70,725 | +67.0% |
| Other amounts receivable | 41 | €151,230 | €167,353 | +€16,123 | +10.7% |
| Cash at bank and in hand | 54/58 | €158,027 | €31,556 | -€126,471 | -80.0% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,440 | +€47 | +3.4% |
| Total equity and liabilities | 10/49 | €868,486 | €1,842,657 | +€974,171 | +112% |
| Equity | 10/15 | €406,350 | €364,323 | -€42,026 | -10.3% |
| Contributions | 10/11 | €123,500 | €123,500 | = | 0.0% |
| Capital | 10 | €123,500 | €123,500 | = | 0.0% |
| Issued capital | 100 | €123,500 | €123,500 | = | 0.0% |
| Revaluation surpluses | 12 | €118,670 | €118,670 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €151,785 | €109,759 | -€42,026 | -27.7% |
| Amounts payable | 17/49 | €462,136 | €1,478,334 | +€1.0m | +220% |
| Amounts payable after more than one year | 17 | €98,498 | €1,047,821 | +€949,323 | +964% |
| Financial debts | 170/4 | €98,498 | €1,047,821 | +€949,323 | +964% |
| Amounts payable within one year | 42/48 | €350,513 | €418,242 | +€67,729 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €38,444 | €78,463 | +€40,019 | +104% |
| Trade debts | 44 | €105,749 | €85,099 | -€20,650 | -19.5% |
| Suppliers | 440/4 | €105,749 | €85,099 | -€20,650 | -19.5% |
| Taxes, remuneration and social security | 45 | €32,866 | €36,952 | +€4,086 | +12.4% |
| Taxes | 450/3 | €32,866 | €36,952 | +€4,086 | +12.4% |
| Other amounts payable | 47/48 | €173,453 | €217,727 | +€44,274 | +25.5% |
| Accrued charges and deferred income | 492/3 | €13,125 | €12,271 | -€854 | -6.5% |
| Non-recurring operating income | 76A | €9,091 | €0 | -€9,091 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,611 | €173,213 | +€147,602 | +576% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,065 | €0 | +€2,065 | |
| Other operating charges | 640/8 | €11,216 | €19,951 | +€8,735 | +77.9% |
| Gross operating margin | 9900 | €61,567 | €190,767 | +€129,200 | +210% |
| Operating profit (loss) | 9901 | €26,805 | -€2,397 | -€29,202 | |
| Financial income | 75/76B | €1,197 | €860 | -€337 | -28.1% |
| Recurring financial income | 75 | €1,197 | €860 | -€337 | -28.1% |
| Financial charges | 65/66B | €19,333 | €40,502 | +€21,169 | +109% |
| Recurring financial charges | 65 | €19,333 | €40,502 | +€21,169 | +109% |
| Profit (loss) for the period before taxes | 9903 | €8,669 | -€42,039 | -€50,708 | |
| Income taxes | 67/77 | €2,273 | -€13 | -€2,286 | |
| Profit (loss) for the period | 9904 | €6,396 | -€42,026 | -€48,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,396 | -€42,026 | -€48,422 |
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 16 October 2026 via checked.be.