DuCoop: 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.
DuCoop
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+37.8%), from €2.9m to €4.0m
of which Plant, machinery and equipment: +€1.1m
- Receivables within one year -€186,583
down €186,583 (-34.8%), from €536,393 to €349,810
of which Other amounts receivable: -€214,754
- Cash -€155,205
down €155,205 (-34.0%), from €456,003 to €300,798
mainly Investment in fixed assets (net) (-€1.3m) and Contributions, distributions and other (-€44,945)
- Receivables after one year -€140,904
down €140,904 (-87.6%), from €160,904 to €20,000
- Debts after one year +€250,551
up €250,551 (+10.0%), from €2.5m to €2.8m
- Current portion of long-term debt +€151,612
up €151,612 (+119.6%), from €126,754 to €278,366
- Provisions +€120,000
new in 2025: €120,000
- Accrued charges and deferred income +€108,626
up €108,626 (+16.3%), from €666,590 to €775,216
- Trade debts +€56,738
up €56,738 (+30.4%), from €186,543 to €243,281
- Provisions +€120,000
new in 2025: €120,000
- Depreciation -€45,221
down €45,221 (-18.3%), from €246,964 to €201,743
- Gross operating margin -€32,167
down €32,167 (-6.3%), from €512,772 to €480,605
- Financial income -€20,723
down €20,723 (-31.5%), from €65,736 to €45,013
- Staff costs -€19,248
down €19,248 (-13.4%), from €143,638 to €124,389
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 | €4,047,966 | €4,665,044 | +€617,079 | +15.2% |
| Fixed assets | 21/28 | €2,890,824 | €3,983,448 | +€1.1m | +37.8% |
| Intangible fixed assets | 21 | €1,686 | €3,447 | +€1,761 | +104.5% |
| Tangible fixed assets | 22/27 | €2,889,089 | €3,979,951 | +€1.1m | +37.8% |
| Plant, machinery and equipment | 23 | €2,888,742 | €3,979,951 | +€1.1m | +37.8% |
| Furniture and vehicles | 24 | €347 | €0 | -€347 | -100.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,157,141 | €681,596 | -€475,545 | -41.1% |
| Amounts receivable after more than one year | 29 | €160,904 | €20,000 | -€140,904 | -87.6% |
| Other amounts receivable | 291 | €160,904 | €20,000 | -€140,904 | -87.6% |
| Amounts receivable within one year | 40/41 | €536,393 | €349,810 | -€186,583 | -34.8% |
| Trade receivables | 40 | €118,134 | €146,306 | +€28,172 | +23.8% |
| Other amounts receivable | 41 | €418,259 | €203,505 | -€214,754 | -51.3% |
| Cash at bank and in hand | 54/58 | €456,003 | €300,798 | -€155,205 | -34.0% |
| Deferred charges and accrued income | 490/1 | €3,842 | €10,988 | +€7,146 | +186.0% |
| Total equity and liabilities | 10/49 | €4,047,966 | €4,665,044 | +€617,079 | +15.2% |
| Equity | 10/15 | €507,916 | €454,944 | -€52,972 | -10.4% |
| Contributions | 10/11 | €377,180 | €377,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€820,548 | -€828,576 | -€8,027 | -1.0% |
| Investment grants | 15 | €951,284 | €906,339 | -€44,945 | -4.7% |
| Provisions and deferred taxes | 16 | - | €120,000 | +€120,000 | |
| Provisions for liabilities and charges | 160/5 | - | €120,000 | +€120,000 | |
| Major repairs and maintenance | 162 | - | €120,000 | +€120,000 | |
| Amounts payable | 17/49 | €3,540,050 | €4,090,100 | +€550,051 | +15.5% |
| Amounts payable after more than one year | 17 | €2,500,131 | €2,750,682 | +€250,551 | +10.0% |
| Financial debts | 170/4 | €2,500,131 | €2,750,682 | +€250,551 | +10.0% |
| Amounts payable within one year | 42/48 | €373,329 | €564,203 | +€190,874 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €126,754 | €278,366 | +€151,612 | +119.6% |
| Trade debts | 44 | €186,543 | €243,281 | +€56,738 | +30.4% |
| Suppliers | 440/4 | €186,543 | €243,281 | +€56,738 | +30.4% |
| Taxes, remuneration and social security | 45 | €60,032 | €42,556 | -€17,476 | -29.1% |
| Taxes | 450/3 | €34,191 | €24,334 | -€9,857 | -28.8% |
| Remuneration and social security | 454/9 | €25,840 | €18,222 | -€7,619 | -29.5% |
| Accrued charges and deferred income | 492/3 | €666,590 | €775,216 | +€108,626 | +16.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €143,638 | €124,389 | -€19,248 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,964 | €201,743 | -€45,221 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €120,000 | +€120,000 | |
| Other operating charges | 640/8 | €1,271 | €1,471 | +€201 | +15.8% |
| Gross operating margin | 9900 | €512,772 | €480,605 | -€32,167 | -6.3% |
| Operating profit (loss) | 9901 | €120,899 | €33,001 | -€87,898 | -72.7% |
| Financial income | 75/76B | €65,736 | €45,013 | -€20,723 | -31.5% |
| Recurring financial income | 75 | €65,736 | €45,013 | -€20,723 | -31.5% |
| Financial charges | 65/66B | €70,920 | €86,041 | +€15,121 | +21.3% |
| Recurring financial charges | 65 | €70,920 | €86,041 | +€15,121 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €115,715 | -€8,027 | -€123,742 | |
| Profit (loss) for the period | 9904 | €115,715 | -€8,027 | -€123,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,715 | -€8,027 | -€123,742 |
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 9 October 2026 via checked.be.