DUCO HOUSING: 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.
DUCO HOUSING
Largest movements
- Receivables within one year +€118,979
up €118,979 (+36.6%), from €325,074 to €444,053
of which Trade receivables: +€95,692
- Cash +€22,610
up €22,610 (+500%), from €4,518 to €27,128
mainly Net result for the year (+€65,001) and Advances received (+€50,484)
- Stocks and contracts -€20,080
down €20,080 (-29.5%), from €68,149 to €48,070
- Tangible fixed assets -€11,025
down €11,025 (-24.6%), from €44,849 to €33,824
of which Plant, machinery and equipment: -€13,351
- Reserves +€65,001
up €65,001 (+68.9%), from €94,389 to €159,390
of which Distributable reserves: +€65,001
- Other debts -€63,205
down €63,205 (-57.7%), from €109,537 to €46,332
- Advances received +€50,484
up €50,484 (+87.5%), from €57,669 to €108,154
- Trade debts +€34,962
up €34,962 (+37.0%), from €94,517 to €129,479
- Tax, wage and social debts +€23,623
up €23,623 (+74.4%), from €31,731 to €55,353
- Gross operating margin +€59,559
up €59,559 (+126%), from €47,242 to €106,801
- Write-downs -€5,589
down €5,589, from €4,328 to -€1,261
- Depreciation -€2,965
down €2,965 (-14.5%), from €20,487 to €17,523
- Other operating charges -€1,864
down €1,864 (-60.8%), from €3,067 to €1,204
- Financial charges +€1,443
up €1,443 (+39.5%), from €3,653 to €5,095
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 | €444,556 | €554,959 | +€110,403 | +24.8% |
| Fixed assets | 21/28 | €46,814 | €35,539 | -€11,275 | -24.1% |
| Intangible fixed assets | 21 | €1,766 | €1,516 | -€250 | -14.2% |
| Tangible fixed assets | 22/27 | €44,849 | €33,824 | -€11,025 | -24.6% |
| Land and buildings | 22 | €16,757 | €19,083 | +€2,326 | +13.9% |
| Plant, machinery and equipment | 23 | €28,092 | €14,741 | -€13,351 | -47.5% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €397,742 | €519,420 | +€121,678 | +30.6% |
| Stocks and contracts in progress | 3 | €68,149 | €48,070 | -€20,080 | -29.5% |
| Stocks | 30/36 | €68,149 | €48,070 | -€20,080 | -29.5% |
| Amounts receivable within one year | 40/41 | €325,074 | €444,053 | +€118,979 | +36.6% |
| Trade receivables | 40 | €253,003 | €348,695 | +€95,692 | +37.8% |
| Other amounts receivable | 41 | €72,071 | €95,358 | +€23,287 | +32.3% |
| Cash at bank and in hand | 54/58 | €4,518 | €27,128 | +€22,610 | +500% |
| Deferred charges and accrued income | 490/1 | - | €169 | +€169 | |
| Total equity and liabilities | 10/49 | €444,556 | €554,959 | +€110,403 | +24.8% |
| Equity | 10/15 | €150,640 | €215,641 | +€65,001 | +43.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €94,389 | €159,390 | +€65,001 | +68.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €88,189 | €153,190 | +€65,001 | +73.7% |
| Profit (loss) carried forward | 14 | -€5,749 | -€5,749 | = | 0.0% |
| Amounts payable | 17/49 | €293,916 | €339,318 | +€45,403 | +15.4% |
| Amounts payable within one year | 42/48 | €293,916 | €339,318 | +€45,403 | +15.4% |
| Financial debts | 43 | €462 | - | -€462 | |
| Credit institutions | 430/8 | €462 | - | -€462 | |
| Trade debts | 44 | €94,517 | €129,479 | +€34,962 | +37.0% |
| Suppliers | 440/4 | €94,517 | €129,479 | +€34,962 | +37.0% |
| Advances received on contracts in progress | 46 | €57,669 | €108,154 | +€50,484 | +87.5% |
| Taxes, remuneration and social security | 45 | €31,731 | €55,353 | +€23,623 | +74.4% |
| Taxes | 450/3 | €31,731 | €55,353 | +€23,623 | +74.4% |
| Other amounts payable | 47/48 | €109,537 | €46,332 | -€63,205 | -57.7% |
| Remuneration, social security and pensions | 62 | - | €93 | +€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,487 | €17,523 | -€2,965 | -14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,328 | -€1,261 | -€5,589 | |
| Other operating charges | 640/8 | €3,067 | €1,204 | -€1,864 | -60.8% |
| Gross operating margin | 9900 | €47,242 | €106,801 | +€59,559 | +126% |
| Operating profit (loss) | 9901 | €19,359 | €89,242 | +€69,883 | +361% |
| Financial income | 75/76B | €125 | €0 | -€124 | -99.6% |
| Recurring financial income | 75 | €125 | €0 | -€124 | -99.6% |
| Financial charges | 65/66B | €3,653 | €5,095 | +€1,443 | +39.5% |
| Recurring financial charges | 65 | €3,653 | €5,095 | +€1,443 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €15,832 | €84,147 | +€68,316 | +432% |
| Income taxes | 67/77 | €19,653 | €19,147 | -€506 | -2.6% |
| Profit (loss) for the period | 9904 | -€3,821 | €65,001 | +€68,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,821 | €65,001 | +€68,821 |
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 30 October 2026 via checked.be.