ducobu: 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.
ducobu
Largest movements
- Cash +€103,623
up €103,623 (+47.8%), from €216,920 to €320,543
mainly Net result for the year (+€183,132) and Depreciation (+€145,794)
- Stocks and contracts +€65,590
up €65,590 (+23.9%), from €274,244 to €339,833
- Deferred charges and accrued income -€23,256
down €23,256 (-23.8%), from €97,787 to €74,531
- Reserves +€105,910
up €105,910 (+11.5%), from €924,318 to €1.0m
of which Distributable reserves: +€105,910
- Tax, wage and social debts -€62,181
down €62,181 (-49.2%), from €126,324 to €64,143
of which Remuneration and social security: -€48,679
- Debts after one year +€48,568
up €48,568 (+170.4%), from €28,500 to €77,068
- Trade debts +€19,706
up €19,706 (+50.2%), from €39,254 to €58,959
- Gross operating margin +€145,368
up €145,368 (+13.1%), from €1.1m to €1.3m
- Taxes +€41,187
up €41,187 (+114.7%), from €35,896 to €77,083
- Staff costs +€16,966
up €16,966 (+2.1%), from €824,671 to €841,637
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 | €1,292,622 | €1,437,709 | +€145,086 | +11.2% |
| Fixed assets | 21/28 | €473,026 | €478,153 | +€5,127 | +1.1% |
| Intangible fixed assets | 21 | €1,568 | €228 | -€1,340 | -85.5% |
| Tangible fixed assets | 22/27 | €471,459 | €477,926 | +€6,467 | +1.4% |
| Plant, machinery and equipment | 23 | €2,234 | €1,977 | -€257 | -11.5% |
| Furniture and vehicles | 24 | €210,291 | €246,034 | +€35,742 | +17.0% |
| Other tangible fixed assets | 26 | €258,933 | €229,915 | -€29,018 | -11.2% |
| Current assets | 29/58 | €819,596 | €959,556 | +€139,959 | +17.1% |
| Amounts receivable after more than one year | 29 | €96,075 | €98,953 | +€2,878 | +3.0% |
| Other amounts receivable | 291 | €96,075 | €98,953 | +€2,878 | +3.0% |
| Stocks and contracts in progress | 3 | €274,244 | €339,833 | +€65,590 | +23.9% |
| Stocks | 30/36 | €274,244 | €339,833 | +€65,590 | +23.9% |
| Amounts receivable within one year | 40/41 | €134,571 | €125,695 | -€8,876 | -6.6% |
| Trade receivables | 40 | €73,245 | €90,076 | +€16,831 | +23.0% |
| Other amounts receivable | 41 | €61,326 | €35,619 | -€25,707 | -41.9% |
| Cash at bank and in hand | 54/58 | €216,920 | €320,543 | +€103,623 | +47.8% |
| Deferred charges and accrued income | 490/1 | €97,787 | €74,531 | -€23,256 | -23.8% |
| Total equity and liabilities | 10/49 | €1,292,622 | €1,437,709 | +€145,086 | +11.2% |
| Equity | 10/15 | €1,007,493 | €1,108,492 | +€100,999 | +10.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €924,318 | €1,030,229 | +€105,910 | +11.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €921,818 | €1,027,729 | +€105,910 | +11.5% |
| Investment grants | 15 | €58,175 | €53,263 | -€4,912 | -8.4% |
| Amounts payable | 17/49 | €285,129 | €329,217 | +€44,088 | +15.5% |
| Amounts payable after more than one year | 17 | €28,500 | €77,068 | +€48,568 | +170.4% |
| Financial debts | 170/4 | €28,500 | €77,068 | +€48,568 | +170.4% |
| Amounts payable within one year | 42/48 | €255,869 | €237,270 | -€18,599 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €81,838 | €96,073 | +€14,235 | +17.4% |
| Trade debts | 44 | €39,254 | €58,959 | +€19,706 | +50.2% |
| Suppliers | 440/4 | €39,254 | €58,959 | +€19,706 | +50.2% |
| Advances received on contracts in progress | 46 | €143 | €1,294 | +€1,151 | +804.4% |
| Taxes, remuneration and social security | 45 | €126,324 | €64,143 | -€62,181 | -49.2% |
| Taxes | 450/3 | €19,683 | €6,181 | -€13,502 | -68.6% |
| Remuneration and social security | 454/9 | €106,640 | €57,961 | -€48,679 | -45.6% |
| Other amounts payable | 47/48 | €8,311 | €16,801 | +€8,490 | +102.2% |
| Accrued charges and deferred income | 492/3 | €759 | €14,878 | +€14,119 | +1859.1% |
| Non-recurring operating income | 76A | €1,618 | €2,716 | +€1,098 | +67.9% |
| Remuneration, social security and pensions | 62 | €824,671 | €841,637 | +€16,966 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,394 | €145,794 | +€1,400 | +1.0% |
| Other operating charges | 640/8 | €2,191 | €2,957 | +€765 | +34.9% |
| Gross operating margin | 9900 | €1,108,700 | €1,254,069 | +€145,368 | +13.1% |
| Operating profit (loss) | 9901 | €137,444 | €263,681 | +€126,237 | +91.8% |
| Financial income | 75/76B | €8,896 | €9,408 | +€512 | +5.8% |
| Recurring financial income | 75 | €8,896 | €9,408 | +€512 | +5.8% |
| Financial charges | 65/66B | €18,503 | €12,874 | -€5,629 | -30.4% |
| Recurring financial charges | 65 | €12,076 | €12,874 | +€798 | +6.6% |
| Non-recurring financial charges | 66B | €6,426 | - | -€6,426 | |
| Profit (loss) for the period before taxes | 9903 | €127,837 | €260,215 | +€132,378 | +103.6% |
| Income taxes | 67/77 | €35,896 | €77,083 | +€41,187 | +114.7% |
| Profit (loss) for the period | 9904 | €91,941 | €183,132 | +€91,191 | +99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,941 | €183,132 | +€91,191 | +99.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.