DUCROS DISTRIBUTION BENELUX: what changed
What changed
DUCROS DISTRIBUTION BENELUX
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€2.2m
2024 · €5.1m-€7.3m
Equity
€220.2m
2024 · €262.4m-€42.2m
Cash
€2.2m
2024 · €1.2m+€967,451
Balance sheet total
€223.3m
2024 · €264.6m-€41.3m
Largest movements
Assets
- Financial fixed assets -€42.3m
down €42.3m (-16.1%), from €263.1m to €220.9m
Equity and liabilities
- Contributions -€30.8m
down €30.8m (-12.2%), from €253.2m to €222.4m
- Profit (loss) carried forward -€11.3m
down €11.3m, from €9.2m to -€2.2m
Income statement
- Financial charges +€42.2m
up €42.2m (+67,594%), from €62,429 to €42.3m
of which Non-recurring financial charges: +€42.3m
- Financial income +€34.9m
up €34.9m (+663%), from €5.3m to €40.2m
of which Financial income: +€40.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5.1m
Staff costs
-€108,682
Other operating charges
-€3,881
Other operating items
+€138,212
Financial income
+€34.9m
Financial charges
-€42.2m
Result 2025
-€2.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.3m
Investment
+€42.3m
Financing
-€40.0m
Cash 2024
€1.2m
From operations (derived)
-€1.3m
Net result for the year
-€2.2m
Smaller working-capital items
-€31,243
Other debts
+€913,205
Investment (derived)
+€42.3m
Investment in fixed assets (net)
+€42.3m
Financing
-€40.0m
Contributions, distributions and other
-€40.0m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,627,547 | €223,310,955 | -€41.3m | -15.6% |
| Fixed assets | 21/28 | €263,136,931 | €220,879,649 | -€42.3m | -16.1% |
| Financial fixed assets | 28 | €263,136,931 | €220,879,649 | -€42.3m | -16.1% |
| Affiliated companies | 280/1 | €263,136,931 | €220,879,649 | -€42.3m | -16.1% |
| Participating interests | 280 | €263,136,931 | €220,879,649 | -€42.3m | -16.1% |
| Current assets | 29/58 | €1,490,616 | €2,431,306 | +€940,690 | +63.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €278,482 | €251,460 | -€27,022 | -9.7% |
| Trade receivables | 40 | €278,481 | €251,460 | -€27,022 | -9.7% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100% |
| Cash at bank and in hand | 54/58 | €1,208,866 | €2,176,316 | +€967,451 | +80.0% |
| Deferred charges and accrued income | 490/1 | €3,269 | €3,530 | +€261 | +8.0% |
| Total equity and liabilities | 10/49 | €264,627,547 | €223,310,955 | -€41.3m | -15.6% |
| Equity | 10/15 | €262,392,832 | €220,221,038 | -€42.2m | -16.1% |
| Contributions | 10/11 | €253,238,749 | €222,392,832 | -€30.8m | -12.2% |
| Profit (loss) carried forward | 14 | €9,154,083 | -€2,171,794 | -€11.3m | |
| Amounts payable | 17/49 | €2,234,715 | €3,089,917 | +€855,202 | +38.3% |
| Amounts payable within one year | 42/48 | €2,229,525 | €3,089,917 | +€860,392 | +38.6% |
| Trade debts | 44 | €38,667 | €60,863 | +€22,197 | +57.4% |
| Suppliers | 440/4 | €38,667 | €60,863 | +€22,197 | +57.4% |
| Taxes, remuneration and social security | 45 | €307,274 | €232,264 | -€75,010 | -24.4% |
| Taxes | 450/3 | €14,448 | €14,657 | +€209 | +1.4% |
| Remuneration and social security | 454/9 | €292,827 | €217,607 | -€75,219 | -25.7% |
| Other amounts payable | 47/48 | €1,883,584 | €2,796,789 | +€913,205 | +48.5% |
| Accrued charges and deferred income | 492/3 | €5,190 | €0 | -€5,190 | -100% |
| Operating income | 70/76A | €762,250 | €844,514 | +€82,264 | +10.8% |
| Other operating income | 74 | €762,250 | €844,514 | +€82,264 | +10.8% |
| Operating charges | 60/66A | €862,055 | €918,669 | +€56,614 | +6.6% |
| Services and other goods | 61 | €330,743 | €274,795 | -€55,949 | -16.9% |
| Remuneration, social security and pensions | 62 | €522,430 | €631,112 | +€108,682 | +20.8% |
| Other operating charges | 640/8 | €8,882 | €12,763 | +€3,881 | +43.7% |
| Operating profit (loss) | 9901 | -€99,805 | -€74,155 | +€25,650 | +25.7% |
| Financial income | 75/76B | €5,260,808 | €40,162,846 | +€34.9m | +663% |
| Recurring financial income | 75 | €33,097 | €40,162,846 | +€40.1m | +121,247% |
| Income from financial fixed assets | 750 | - | €40,000,000 | +€40.0m | |
| Income from current assets | 751 | €33,097 | €162,846 | +€129,749 | +392% |
| Non-recurring financial income | 76B | €5,227,711 | €0 | -€5.2m | -100% |
| Financial charges | 65/66B | €62,429 | €42,260,485 | +€42.2m | +67,594% |
| Recurring financial charges | 65 | €62,429 | €3,203 | -€59,226 | -94.9% |
| Debt charges | 650 | €59,327 | €0 | -€59,327 | -100% |
| Other financial charges | 652/9 | €3,102 | €3,203 | +€101 | +3.3% |
| Non-recurring financial charges | 66B | €0 | €42,257,282 | +€42.3m | |
| Profit (loss) for the period before taxes | 9903 | €5,098,575 | -€2,171,794 | -€7.3m | |
| Profit (loss) for the period | 9904 | €5,098,575 | -€2,171,794 | -€7.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €5,098,575 | -€2,171,794 | -€7.3m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.