DUCOBAT: 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.
DUCOBAT
Largest movements
- Cash +€511,223
up €511,223 (+749.3%), from €68,225 to €579,448
mainly Debts after one year (+€590,000) and Other debts (+€129,197)
- Tangible fixed assets +€168,506
up €168,506 (+42.0%), from €400,976 to €569,481
of which Assets under construction and advance payments: +€134,966
- Receivables within one year +€58,460
up €58,460 (+3455.7%), from €1,692 to €60,152
of which Trade receivables: +€56,961
- Debts after one year +€590,000
up €590,000 (+231.4%), from €255,000 to €845,000
- Other debts +€129,197
up €129,197 (+10895.3%), from €1,186 to €130,382
- Profit (loss) carried forward +€20,837
up €20,837 (+49.7%), from -€41,914 to -€21,077
- Gross operating margin +€58,069
up €58,069, from -€10,139 to €47,930
- Depreciation -€13,304
down €13,304 (-56.3%), from €23,620 to €10,317
- Financial charges +€8,460
up €8,460 (+103.7%), from €8,155 to €16,615
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 | €483,572 | €1,221,761 | +€738,189 | +152.7% |
| Fixed assets | 21/28 | €413,656 | €582,161 | +€168,506 | +40.7% |
| Tangible fixed assets | 22/27 | €400,976 | €569,481 | +€168,506 | +42.0% |
| Land and buildings | 22 | €400,976 | €434,515 | +€33,540 | +8.4% |
| Assets under construction and advance payments | 27 | - | €134,966 | +€134,966 | |
| Financial fixed assets | 28 | €12,680 | €12,680 | = | 0.0% |
| Current assets | 29/58 | €69,917 | €639,600 | +€569,683 | +814.8% |
| Amounts receivable within one year | 40/41 | €1,692 | €60,152 | +€58,460 | +3455.7% |
| Trade receivables | 40 | - | €56,961 | +€56,961 | |
| Other amounts receivable | 41 | €1,692 | €3,191 | +€1,499 | +88.6% |
| Cash at bank and in hand | 54/58 | €68,225 | €579,448 | +€511,223 | +749.3% |
| Total equity and liabilities | 10/49 | €483,572 | €1,221,761 | +€738,189 | +152.7% |
| Equity | 10/15 | €162,836 | €183,673 | +€20,837 | +12.8% |
| Contributions | 10/11 | €204,750 | €204,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,914 | -€21,077 | +€20,837 | +49.7% |
| Amounts payable | 17/49 | €320,736 | €1,038,089 | +€717,352 | +223.7% |
| Amounts payable after more than one year | 17 | €255,000 | €845,000 | +€590,000 | +231.4% |
| Financial debts | 170/4 | €255,000 | €845,000 | +€590,000 | +231.4% |
| Amounts payable within one year | 42/48 | €65,736 | €193,089 | +€127,352 | +193.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €34,551 | €32,706 | -€1,844 | -5.3% |
| Suppliers | 440/4 | €34,551 | €32,706 | -€1,844 | -5.3% |
| Other amounts payable | 47/48 | €1,186 | €130,382 | +€129,197 | +10895.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,620 | €10,317 | -€13,304 | -56.3% |
| Other operating charges | 640/8 | - | €162 | +€162 | |
| Gross operating margin | 9900 | -€10,139 | €47,930 | +€58,069 | |
| Operating profit (loss) | 9901 | -€33,759 | €37,452 | +€71,211 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €8,155 | €16,615 | +€8,460 | +103.7% |
| Recurring financial charges | 65 | €8,155 | €16,615 | +€8,460 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,914 | €20,837 | +€62,751 | |
| Profit (loss) for the period | 9904 | -€41,914 | €20,837 | +€62,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,914 | €20,837 | +€62,751 |
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 1 October 2026 via checked.be.