DUCLA: what changed
Two fiscal 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.
DUCLA
Largest movements
- Tangible fixed assets -€44,530
down €44,530 (-11.3%), from €393,792 to €349,262
- Receivables within one year +€10,495
up €10,495 (+124.5%), from €8,428 to €18,923
- Cash -€7,761
down €7,761 (-5.5%), from €141,065 to €133,304
mainly Current portion of long-term debt (-€52,091) and Debts after one year (-€34,606)
- Current portion of long-term debt -€52,091
down €52,091 (-60.1%), from €86,698 to €34,606
- Reserves +€41,140
up €41,140 (+123.5%), from €33,313 to €74,453
- Debts after one year -€34,606
down €34,606 (-13.2%), from €262,071 to €227,464
- Gross operating margin +€9,172
up €9,172 (+8.5%), from €108,305 to €117,477
- Taxes +€2,639
up €2,639 (+23.7%), from €11,121 to €13,760
- Financial charges -€1,258
down €1,258 (-18.2%), from €6,918 to €5,660
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.
Cash bridge derived
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 | €554,686 | €512,889 | -€41,797 | -7.5% |
| Fixed assets | 21/28 | €393,792 | €349,262 | -€44,530 | -11.3% |
| Tangible fixed assets | 22/27 | €393,792 | €349,262 | -€44,530 | -11.3% |
| Land and buildings | 22 | €393,792 | €349,262 | -€44,530 | -11.3% |
| Current assets | 29/58 | €160,894 | €163,627 | +€2,733 | +1.7% |
| Amounts receivable within one year | 40/41 | €8,428 | €18,923 | +€10,495 | +124.5% |
| Other amounts receivable | 41 | €8,428 | €18,923 | +€10,495 | +124.5% |
| Cash at bank and in hand | 54/58 | €141,065 | €133,304 | -€7,761 | -5.5% |
| Deferred charges and accrued income | 490/1 | €11,400 | €11,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €554,686 | €512,889 | -€41,797 | -7.5% |
| Equity | 10/15 | €194,518 | €235,658 | +€41,140 | +21.1% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Revaluation surpluses | 12 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €33,313 | €74,453 | +€41,140 | +123.5% |
| Distributable reserves | 133 | €33,313 | €74,453 | +€41,140 | +123.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €360,168 | €277,231 | -€82,937 | -23.0% |
| Amounts payable after more than one year | 17 | €262,071 | €227,464 | -€34,606 | -13.2% |
| Financial debts | 170/4 | €262,071 | €227,464 | -€34,606 | -13.2% |
| Amounts payable within one year | 42/48 | €86,698 | €38,367 | -€48,331 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €86,698 | €34,606 | -€52,091 | -60.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,760 | +€3,760 | |
| Taxes | 450/3 | €0 | €3,760 | +€3,760 | |
| Accrued charges and deferred income | 492/3 | €11,400 | €11,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,530 | €44,530 | = | 0.0% |
| Other operating charges | 640/8 | €12,422 | €12,386 | -€36 | -0.3% |
| Gross operating margin | 9900 | €108,305 | €117,477 | +€9,172 | +8.5% |
| Operating profit (loss) | 9901 | €51,352 | €60,560 | +€9,208 | +17.9% |
| Financial charges | 65/66B | €6,918 | €5,660 | -€1,258 | -18.2% |
| Recurring financial charges | 65 | €6,918 | €5,660 | -€1,258 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €44,434 | €54,901 | +€10,467 | +23.6% |
| Income taxes | 67/77 | €11,121 | €13,760 | +€2,639 | +23.7% |
| Profit (loss) for the period | 9904 | €33,313 | €41,140 | +€7,828 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,313 | €41,140 | +€7,828 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.