DUCKY'S: 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.
DUCKY'S
Largest movements
- Tangible fixed assets +€76,831
up €76,831 (+54.1%), from €141,983 to €218,814
of which Furniture and vehicles: +€68,700
- Receivables within one year +€9,933
up €9,933 (+425%), from €2,336 to €12,270
- Cash -€5,025
down €5,025 (-14.0%), from €35,980 to €30,956
mainly Investment in fixed assets (net) (-€110,256) and Other debts (-€37,854)
- Reserves +€72,728
up €72,728 (+90.3%), from €80,570 to €153,298
of which Distributable reserves: +€72,728
- Debts after one year +€38,759
up €38,759 (+221%), from €17,574 to €56,333
- Other debts -€37,854
down €37,854 (-30.9%), from €122,642 to €84,787
- Current portion of long-term debt +€17,287
up €17,287 (+174%), from €9,936 to €27,223
- Trade debts -€12,808
down €12,808 (-82.3%), from €15,571 to €2,763
- Gross operating margin +€79,592
up €79,592 (+120%), from €66,410 to €146,002
- Financial income +€24,889
new in 2025: €24,889
- Depreciation +€15,751
up €15,751 (+89.1%), from €17,674 to €33,425
- Financial charges +€8,935
up €8,935 (+418%), from €2,135 to €11,070
- Taxes +€7,422
up €7,422 (+44.9%), from €16,515 to €23,936
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 | €305,300 | €387,040 | +€81,740 | +26.8% |
| Fixed assets | 21/28 | €266,983 | €343,814 | +€76,831 | +28.8% |
| Tangible fixed assets | 22/27 | €141,983 | €218,814 | +€76,831 | +54.1% |
| Land and buildings | 22 | €44,780 | €44,780 | = | 0.0% |
| Plant, machinery and equipment | 23 | €90,836 | €98,967 | +€8,131 | +9.0% |
| Furniture and vehicles | 24 | €6,367 | €75,067 | +€68,700 | +1,079% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €38,317 | €43,225 | +€4,909 | +12.8% |
| Amounts receivable within one year | 40/41 | €2,336 | €12,270 | +€9,933 | +425% |
| Trade receivables | 40 | €2,336 | €12,270 | +€9,933 | +425% |
| Cash at bank and in hand | 54/58 | €35,980 | €30,956 | -€5,025 | -14.0% |
| Total equity and liabilities | 10/49 | €305,300 | €387,040 | +€81,740 | +26.8% |
| Equity | 10/15 | €99,170 | €171,898 | +€72,728 | +73.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,570 | €153,298 | +€72,728 | +90.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,710 | €151,438 | +€72,728 | +92.4% |
| Amounts payable | 17/49 | €206,130 | €215,142 | +€9,012 | +4.4% |
| Amounts payable after more than one year | 17 | €17,574 | €56,333 | +€38,759 | +221% |
| Financial debts | 170/4 | €17,574 | €56,333 | +€38,759 | +221% |
| Amounts payable within one year | 42/48 | €188,556 | €158,809 | -€29,747 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €9,936 | €27,223 | +€17,287 | +174% |
| Trade debts | 44 | €15,571 | €2,763 | -€12,808 | -82.3% |
| Suppliers | 440/4 | €15,571 | €2,763 | -€12,808 | -82.3% |
| Taxes, remuneration and social security | 45 | €40,407 | €44,035 | +€3,628 | +9.0% |
| Taxes | 450/3 | €40,407 | €44,035 | +€3,628 | +9.0% |
| Other amounts payable | 47/48 | €122,642 | €84,787 | -€37,854 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,674 | €33,425 | +€15,751 | +89.1% |
| Other operating charges | 640/8 | €1,848 | €1,449 | -€399 | -21.6% |
| Gross operating margin | 9900 | €66,410 | €146,002 | +€79,592 | +120% |
| Operating profit (loss) | 9901 | €46,888 | €111,129 | +€64,241 | +137% |
| Financial income | 75/76B | - | €24,889 | +€24,889 | |
| Recurring financial income | 75 | - | €24,889 | +€24,889 | |
| Financial charges | 65/66B | €2,135 | €11,070 | +€8,935 | +418% |
| Recurring financial charges | 65 | €2,135 | €11,070 | +€8,935 | +418% |
| Profit (loss) for the period before taxes | 9903 | €44,753 | €124,948 | +€80,195 | +179% |
| Income taxes | 67/77 | €16,515 | €23,936 | +€7,422 | +44.9% |
| Profit (loss) for the period | 9904 | €28,238 | €101,011 | +€72,773 | +258% |
| Profit (loss) for the period to be appropriated | 9905 | €28,238 | €101,011 | +€72,773 | +258% |
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 21 October 2026 via checked.be.