DUCOBU IMMO: 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.
DUCOBU IMMO
Largest movements
- Tangible fixed assets -€38,574
down €38,574 (-7.1%), from €541,268 to €502,694
- Receivables within one year -€6,305
down €6,305 (-76.0%), from €8,297 to €1,992
of which Other amounts receivable: -€8,297
- Debts after one year -€67,986
down €67,986 (-28.1%), from €241,968 to €173,982
of which Other amounts payable: -€47,524
- Reserves +€26,705
up €26,705 (+16.6%), from €160,497 to €187,202
- Financial charges -€1,464
down €1,464 (-18.6%), from €7,866 to €6,402
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 | €552,386 | €509,690 | -€42,696 | -7.7% |
| Fixed assets | 21/28 | €541,268 | €502,694 | -€38,574 | -7.1% |
| Tangible fixed assets | 22/27 | €541,268 | €502,694 | -€38,574 | -7.1% |
| Land and buildings | 22 | €541,268 | €502,694 | -€38,574 | -7.1% |
| Current assets | 29/58 | €11,118 | €6,996 | -€4,121 | -37.1% |
| Amounts receivable within one year | 40/41 | €8,297 | €1,992 | -€6,305 | -76.0% |
| Trade receivables | 40 | - | €1,992 | +€1,992 | |
| Other amounts receivable | 41 | €8,297 | - | -€8,297 | |
| Cash at bank and in hand | 54/58 | - | €2,112 | +€2,112 | |
| Deferred charges and accrued income | 490/1 | €2,821 | €2,892 | +€72 | +2.5% |
| Total equity and liabilities | 10/49 | €552,386 | €509,690 | -€42,696 | -7.7% |
| Equity | 10/15 | €274,608 | €300,484 | +€25,877 | +9.4% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €160,497 | €187,202 | +€26,705 | +16.6% |
| Distributable reserves | 133 | €160,497 | €187,202 | +€26,705 | +16.6% |
| Investment grants | 15 | €9,111 | €8,282 | -€828 | -9.1% |
| Amounts payable | 17/49 | €277,778 | €209,206 | -€68,572 | -24.7% |
| Amounts payable after more than one year | 17 | €241,968 | €173,982 | -€67,986 | -28.1% |
| Financial debts | 170/4 | €144,445 | €123,982 | -€20,463 | -14.2% |
| Other amounts payable | 178/9 | €97,524 | €50,000 | -€47,524 | -48.7% |
| Amounts payable within one year | 42/48 | €35,810 | €35,224 | -€586 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €27,587 | €27,987 | +€401 | +1.5% |
| Financial debts | 43 | €562 | - | -€562 | |
| Credit institutions | 430/8 | €562 | - | -€562 | |
| Trade debts | 44 | €245 | - | -€245 | |
| Suppliers | 440/4 | €245 | - | -€245 | |
| Taxes, remuneration and social security | 45 | - | €2,244 | +€2,244 | |
| Taxes | 450/3 | - | €2,244 | +€2,244 | |
| Other amounts payable | 47/48 | €7,416 | €4,992 | -€2,424 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,505 | €38,574 | +€69 | +0.2% |
| Other operating charges | 640/8 | €4,115 | €4,244 | +€129 | +3.1% |
| Gross operating margin | 9900 | €87,037 | €87,149 | +€112 | +0.1% |
| Operating profit (loss) | 9901 | €44,417 | €44,331 | -€86 | -0.2% |
| Financial income | 75/76B | €828 | €1,020 | +€192 | +23.2% |
| Recurring financial income | 75 | €828 | €1,020 | +€192 | +23.2% |
| Financial charges | 65/66B | €7,866 | €6,402 | -€1,464 | -18.6% |
| Recurring financial charges | 65 | €7,866 | €6,402 | -€1,464 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €37,379 | €38,949 | +€1,570 | +4.2% |
| Income taxes | 67/77 | €11,703 | €12,244 | +€541 | +4.6% |
| Profit (loss) for the period | 9904 | €25,677 | €26,705 | +€1,028 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,677 | €26,705 | +€1,028 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.