Duck Soup: 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.
Duck Soup
Largest movements
- Cash +€101,576
up €101,576 (+143%), from €70,921 to €172,498
mainly Net result for the year (+€94,730) and Receivables within one year (+€31,134)
- Receivables within one year -€31,134
down €31,134 (-100%), from €31,134 to €0
- Intangible fixed assets -€17,500
down €17,500 (-11.1%), from €157,500 to €140,000
- Tangible fixed assets +€4,955
up €4,955 (+157%), from €3,150 to €8,105
of which Plant, machinery and equipment: +€2,637
- Reserves +€95,939
up €95,939 (+87.2%), from €110,000 to €205,939
- Other debts -€24,565
down €24,565 (-69.7%), from €35,268 to €10,703
- Debts after one year -€10,654
down €10,654 (-15.5%), from €68,875 to €58,221
- Gross operating margin -€20,174
down €20,174 (-12.3%), from €163,636 to €143,462
- Taxes -€5,336
down €5,336 (-17.2%), from €31,033 to €25,697
- Financial charges +€2,112
up €2,112 (+343%), from €616 to €2,727
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 | €262,706 | €320,741 | +€58,035 | +22.1% |
| Fixed assets | 21/28 | €160,650 | €148,105 | -€12,545 | -7.8% |
| Intangible fixed assets | 21 | €157,500 | €140,000 | -€17,500 | -11.1% |
| Tangible fixed assets | 22/27 | €3,150 | €8,105 | +€4,955 | +157% |
| Land and buildings | 22 | - | €2,567 | +€2,567 | |
| Plant, machinery and equipment | 23 | €2,900 | €5,537 | +€2,637 | +90.9% |
| Furniture and vehicles | 24 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €102,056 | €172,637 | +€70,581 | +69.2% |
| Amounts receivable within one year | 40/41 | €31,134 | €0 | -€31,134 | -100% |
| Trade receivables | 40 | €31,134 | €0 | -€31,134 | -100% |
| Cash at bank and in hand | 54/58 | €70,921 | €172,498 | +€101,576 | +143% |
| Deferred charges and accrued income | 490/1 | - | €139 | +€139 | |
| Total equity and liabilities | 10/49 | €262,706 | €320,741 | +€58,035 | +22.1% |
| Equity | 10/15 | €114,209 | €208,939 | +€94,730 | +82.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,000 | €205,939 | +€95,939 | +87.2% |
| Distributable reserves | 133 | €110,000 | €205,939 | +€95,939 | +87.2% |
| Profit (loss) carried forward | 14 | €1,209 | €0 | -€1,209 | -100% |
| Amounts payable | 17/49 | €148,497 | €111,802 | -€36,695 | -24.7% |
| Amounts payable after more than one year | 17 | €68,875 | €58,221 | -€10,654 | -15.5% |
| Financial debts | 170/4 | €68,875 | €58,221 | -€10,654 | -15.5% |
| Amounts payable within one year | 42/48 | €79,622 | €52,262 | -€27,360 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €10,284 | €10,654 | +€370 | +3.6% |
| Trade debts | 44 | €14 | €20 | +€6 | +42.9% |
| Suppliers | 440/4 | €14 | €20 | +€6 | +42.9% |
| Taxes, remuneration and social security | 45 | €34,055 | €30,885 | -€3,171 | -9.3% |
| Taxes | 450/3 | €34,055 | €30,885 | -€3,171 | -9.3% |
| Other amounts payable | 47/48 | €35,268 | €10,703 | -€24,565 | -69.7% |
| Accrued charges and deferred income | 492/3 | - | €1,319 | +€1,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,700 | €19,518 | -€182 | -0.9% |
| Other operating charges | 640/8 | €1,078 | €789 | -€289 | -26.8% |
| Gross operating margin | 9900 | €163,636 | €143,462 | -€20,174 | -12.3% |
| Operating profit (loss) | 9901 | €142,858 | €123,155 | -€19,702 | -13.8% |
| Financial charges | 65/66B | €616 | €2,727 | +€2,112 | +343% |
| Recurring financial charges | 65 | €616 | €2,727 | +€2,112 | +343% |
| Profit (loss) for the period before taxes | 9903 | €142,242 | €120,428 | -€21,814 | -15.3% |
| Income taxes | 67/77 | €31,033 | €25,697 | -€5,336 | -17.2% |
| Profit (loss) for the period | 9904 | €111,209 | €94,730 | -€16,478 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €111,209 | €94,730 | -€16,478 | -14.8% |
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 25 October 2026 via checked.be.