DUCKAERT: 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.
DUCKAERT
Largest movements
- Cash -€53,989
down €53,989 (-34.3%), from €157,512 to €103,523
mainly Contributions, distributions and other (-€202,980) and Other debts (-€54,391)
- Receivables within one year -€11,285
down €11,285 (-29.8%), from €37,837 to €26,553
of which Trade receivables: -€11,932
- Deferred charges and accrued income +€2,154
up €2,154 (+108%), from €2,001 to €4,154
- Other debts -€54,391
down €54,391 (-44.9%), from €121,180 to €66,789
- Profit (loss) carried forward -€25,572
down €25,572 (-47.5%), from €53,831 to €28,259
- Trade debts +€14,359
up €14,359 (+3,033%), from €473 to €14,833
- Gross operating margin +€7,646
up €7,646 (+3.3%), from €230,211 to €237,856
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 | €206,220 | €143,129 | -€63,092 | -30.6% |
| Fixed assets | 21/28 | €8,870 | €8,899 | +€28 | +0.3% |
| Tangible fixed assets | 22/27 | €8,870 | €8,899 | +€28 | +0.3% |
| Furniture and vehicles | 24 | €8,870 | €8,899 | +€28 | +0.3% |
| Current assets | 29/58 | €197,350 | €134,230 | -€63,120 | -32.0% |
| Amounts receivable within one year | 40/41 | €37,837 | €26,553 | -€11,285 | -29.8% |
| Trade receivables | 40 | €37,531 | €25,599 | -€11,932 | -31.8% |
| Other amounts receivable | 41 | €306 | €953 | +€647 | +211% |
| Cash at bank and in hand | 54/58 | €157,512 | €103,523 | -€53,989 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,001 | €4,154 | +€2,154 | +108% |
| Total equity and liabilities | 10/49 | €206,220 | €143,129 | -€63,092 | -30.6% |
| Equity | 10/15 | €74,236 | €48,664 | -€25,572 | -34.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,831 | €28,259 | -€25,572 | -47.5% |
| Amounts payable | 17/49 | €131,984 | €94,465 | -€37,520 | -28.4% |
| Amounts payable within one year | 42/48 | €131,984 | €93,148 | -€38,837 | -29.4% |
| Trade debts | 44 | €473 | €14,833 | +€14,359 | +3,033% |
| Suppliers | 440/4 | €473 | €14,833 | +€14,359 | +3,033% |
| Taxes, remuneration and social security | 45 | €10,331 | €11,526 | +€1,195 | +11.6% |
| Taxes | 450/3 | €10,331 | €11,526 | +€1,195 | +11.6% |
| Other amounts payable | 47/48 | €121,180 | €66,789 | -€54,391 | -44.9% |
| Accrued charges and deferred income | 492/3 | - | €1,317 | +€1,317 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,513 | €4,413 | +€900 | +25.6% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €230,211 | €237,856 | +€7,646 | +3.3% |
| Operating profit (loss) | 9901 | €226,261 | €233,044 | +€6,783 | +3.0% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100% |
| Financial charges | 65/66B | €512 | €1,610 | +€1,097 | +214% |
| Recurring financial charges | 65 | €512 | €1,610 | +€1,097 | +214% |
| Profit (loss) for the period before taxes | 9903 | €225,796 | €231,434 | +€5,639 | +2.5% |
| Income taxes | 67/77 | €52,831 | €54,026 | +€1,195 | +2.3% |
| Profit (loss) for the period | 9904 | €172,965 | €177,408 | +€4,444 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €172,965 | €177,408 | +€4,444 | +2.6% |
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 24 October 2026 via checked.be.