Ducrocq Accounting: 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.
Ducrocq Accounting
Largest movements
- Financial fixed assets +€125,333
up €125,333 (+210%), from €59,734 to €185,067
- Receivables after one year -€72,500
down €72,500 (-100%), from €72,500 to €0
- Cash +€33,586
up €33,586 (+90.4%), from €37,153 to €70,738
mainly Net result for the year (+€133,515) and Receivables after one year (+€72,500)
- Receivables within one year +€10,056
up €10,056 (+12.5%), from €80,694 to €90,750
- Tangible fixed assets -€5,359
down €5,359 (-12.5%), from €42,868 to €37,508
of which Furniture and vehicles: -€4,861
- Debts after one year +€62,196
up €62,196 (+182%), from €34,121 to €96,317
- Current portion of long-term debt +€27,274
up €27,274 (+118%), from €23,118 to €50,392
- Other debts +€9,303
up €9,303 (+9.7%), from €95,794 to €105,098
- Tax, wage and social debts -€7,580
down €7,580 (-18.2%), from €41,752 to €34,172
- Gross operating margin +€38,239
up €38,239 (+24.7%), from €155,030 to €193,269
- Taxes +€6,586
up €6,586 (+17.2%), from €38,181 to €44,767
- Depreciation +€5,068
up €5,068 (+87.2%), from €5,809 to €10,877
- Financial income -€3,354
down €3,354 (-99.9%), from €3,359 to €5
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 | €295,175 | €386,412 | +€91,237 | +30.9% |
| Fixed assets | 21/28 | €102,602 | €222,576 | +€119,974 | +117% |
| Tangible fixed assets | 22/27 | €42,868 | €37,508 | -€5,359 | -12.5% |
| Plant, machinery and equipment | 23 | €2,264 | €1,766 | -€498 | -22.0% |
| Furniture and vehicles | 24 | €40,603 | €35,742 | -€4,861 | -12.0% |
| Financial fixed assets | 28 | €59,734 | €185,067 | +€125,333 | +210% |
| Current assets | 29/58 | €192,574 | €163,836 | -€28,737 | -14.9% |
| Amounts receivable after more than one year | 29 | €72,500 | €0 | -€72,500 | -100% |
| Other amounts receivable | 291 | €72,500 | €0 | -€72,500 | -100% |
| Amounts receivable within one year | 40/41 | €80,694 | €90,750 | +€10,056 | +12.5% |
| Trade receivables | 40 | €80,694 | €90,750 | +€10,056 | +12.5% |
| Current investments | 50/53 | €865 | €865 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €37,153 | €70,738 | +€33,586 | +90.4% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,483 | +€122 | +8.9% |
| Total equity and liabilities | 10/49 | €295,175 | €386,412 | +€91,237 | +30.9% |
| Equity | 10/15 | €90,213 | €90,213 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,213 | €87,213 | = | 0.0% |
| Distributable reserves | 133 | €87,213 | €87,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,962 | €296,199 | +€91,237 | +44.5% |
| Amounts payable after more than one year | 17 | €34,121 | €96,317 | +€62,196 | +182% |
| Financial debts | 170/4 | €34,121 | €96,317 | +€62,196 | +182% |
| Amounts payable within one year | 42/48 | €170,841 | €199,633 | +€28,792 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €23,118 | €50,392 | +€27,274 | +118% |
| Financial debts | 43 | €10,127 | €9,971 | -€155 | -1.5% |
| Credit institutions | 430/8 | €10,127 | €9,971 | -€155 | -1.5% |
| Trade debts | 44 | €50 | €0 | -€50 | -100% |
| Suppliers | 440/4 | €50 | €0 | -€50 | -100% |
| Taxes, remuneration and social security | 45 | €41,752 | €34,172 | -€7,580 | -18.2% |
| Taxes | 450/3 | €41,752 | €34,172 | -€7,580 | -18.2% |
| Other amounts payable | 47/48 | €95,794 | €105,098 | +€9,303 | +9.7% |
| Accrued charges and deferred income | 492/3 | - | €249 | +€249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,809 | €10,877 | +€5,068 | +87.2% |
| Other operating charges | 640/8 | €582 | €100 | -€482 | -82.9% |
| Gross operating margin | 9900 | €155,030 | €193,269 | +€38,239 | +24.7% |
| Operating profit (loss) | 9901 | €148,639 | €182,293 | +€33,653 | +22.6% |
| Financial income | 75/76B | €3,359 | €5 | -€3,354 | -99.9% |
| Recurring financial income | 75 | €3,359 | €5 | -€3,354 | -99.9% |
| Financial charges | 65/66B | €2,275 | €4,015 | +€1,740 | +76.5% |
| Recurring financial charges | 65 | €2,275 | €4,015 | +€1,740 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | €149,723 | €178,282 | +€28,559 | +19.1% |
| Income taxes | 67/77 | €38,181 | €44,767 | +€6,586 | +17.2% |
| Profit (loss) for the period | 9904 | €111,542 | €133,515 | +€21,973 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €111,542 | €133,515 | +€21,973 | +19.7% |
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 1 November 2026 via checked.be.