DUCOMAT: 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.
DUCOMAT
Largest movements
- Receivables within one year -€257,629
down €257,629 (-41.4%), from €621,863 to €364,233
of which Trade receivables: -€390,212
- Cash -€116,558
down €116,558 (-22.3%), from €521,716 to €405,159
mainly Short-term financial debts (-€320,986) and Trade debts (-€257,224)
- Deferred charges and accrued income +€85,709
up €85,709 (+465%), from €18,440 to €104,150
- Stocks and contracts -€54,448
down €54,448 (-6.6%), from €824,609 to €770,161
- Short-term financial debts -€320,986
down €320,986 (-83.7%), from €383,630 to €62,644
- Trade debts -€257,224
down €257,224 (-70.8%), from €363,447 to €106,223
- Reserves +€233,532
up €233,532 (+55.0%), from €424,304 to €657,836
of which Distributable reserves: +€233,532
- Gross operating margin -€61,158
down €61,158 (-7.4%), from €822,894 to €761,735
- Taxes -€29,925
down €29,925 (-20.7%), from €144,628 to €114,702
- Other operating charges +€27,638
up €27,638 (+226%), from €12,254 to €39,892
- Staff costs +€26,160
up €26,160 (+10.1%), from €258,192 to €284,351
- Financial income -€17,488
down €17,488 (-73.9%), from €23,672 to €6,184
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 | €2,115,400 | €1,782,407 | -€332,993 | -15.7% |
| Fixed assets | 21/28 | €124,630 | €134,563 | +€9,933 | +8.0% |
| Intangible fixed assets | 21 | €17,845 | €29,093 | +€11,248 | +63.0% |
| Tangible fixed assets | 22/27 | €106,630 | €105,316 | -€1,314 | -1.2% |
| Plant, machinery and equipment | 23 | €104,811 | €98,188 | -€6,623 | -6.3% |
| Furniture and vehicles | 24 | €1,819 | €7,127 | +€5,308 | +292% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €1,990,770 | €1,647,844 | -€342,926 | -17.2% |
| Amounts receivable after more than one year | 29 | €4,141 | €4,141 | = | 0.0% |
| Trade receivables | 290 | €4,141 | €4,141 | = | 0.0% |
| Stocks and contracts in progress | 3 | €824,609 | €770,161 | -€54,448 | -6.6% |
| Stocks | 30/36 | €824,609 | €770,161 | -€54,448 | -6.6% |
| Amounts receivable within one year | 40/41 | €621,863 | €364,233 | -€257,629 | -41.4% |
| Trade receivables | 40 | €620,075 | €229,863 | -€390,212 | -62.9% |
| Other amounts receivable | 41 | €1,788 | €134,371 | +€132,583 | +7,416% |
| Cash at bank and in hand | 54/58 | €521,716 | €405,159 | -€116,558 | -22.3% |
| Deferred charges and accrued income | 490/1 | €18,440 | €104,150 | +€85,709 | +465% |
| Total equity and liabilities | 10/49 | €2,115,400 | €1,782,407 | -€332,993 | -15.7% |
| Equity | 10/15 | €1,149,295 | €1,382,827 | +€233,532 | +20.3% |
| Contributions | 10/11 | €29,300 | €29,300 | = | 0.0% |
| Reserves | 13 | €424,304 | €657,836 | +€233,532 | +55.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €168,400 | €168,400 | = | 0.0% |
| Distributable reserves | 133 | €255,904 | €489,436 | +€233,532 | +91.3% |
| Profit (loss) carried forward | 14 | €695,691 | €695,691 | = | 0.0% |
| Amounts payable | 17/49 | €966,105 | €399,580 | -€566,525 | -58.6% |
| Amounts payable after more than one year | 17 | €43,073 | €40,407 | -€2,666 | -6.2% |
| Financial debts | 170/4 | €43,073 | €40,407 | -€2,666 | -6.2% |
| Amounts payable within one year | 42/48 | €911,145 | €346,963 | -€564,182 | -61.9% |
| Current portion of amounts payable after more than one year | 42 | €20,040 | €25,184 | +€5,144 | +25.7% |
| Financial debts | 43 | €383,630 | €62,644 | -€320,986 | -83.7% |
| Credit institutions | 430/8 | €383,630 | €62,644 | -€320,986 | -83.7% |
| Trade debts | 44 | €363,447 | €106,223 | -€257,224 | -70.8% |
| Suppliers | 440/4 | €363,447 | €106,223 | -€257,224 | -70.8% |
| Taxes, remuneration and social security | 45 | €73,685 | €82,482 | +€8,797 | +11.9% |
| Taxes | 450/3 | €37,187 | €45,976 | +€8,789 | +23.6% |
| Remuneration and social security | 454/9 | €36,498 | €36,507 | +€9 | 0.0% |
| Other amounts payable | 47/48 | €70,343 | €70,430 | +€87 | +0.1% |
| Accrued charges and deferred income | 492/3 | €11,887 | €12,210 | +€323 | +2.7% |
| Remuneration, social security and pensions | 62 | €258,192 | €284,351 | +€26,160 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,429 | €53,100 | +€9,671 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,254 | €39,892 | +€27,638 | +226% |
| Gross operating margin | 9900 | €822,894 | €761,735 | -€61,158 | -7.4% |
| Operating profit (loss) | 9901 | €509,019 | €384,391 | -€124,627 | -24.5% |
| Financial income | 75/76B | €23,672 | €6,184 | -€17,488 | -73.9% |
| Recurring financial income | 75 | €23,672 | €6,184 | -€17,488 | -73.9% |
| Financial charges | 65/66B | €50,889 | €42,340 | -€8,549 | -16.8% |
| Recurring financial charges | 65 | €50,889 | €42,340 | -€8,549 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €481,801 | €348,235 | -€133,567 | -27.7% |
| Income taxes | 67/77 | €144,628 | €114,702 | -€29,925 | -20.7% |
| Profit (loss) for the period | 9904 | €337,174 | €233,532 | -€103,641 | -30.7% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €252,974 | €233,532 | -€19,441 | -7.7% |
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 28 October 2026 via checked.be.