DUCTOR: 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.
DUCTOR
Largest movements
- Cash +€110,708
up €110,708 (+914.3%), from €12,109 to €122,817
mainly Debts after one year (+€69,023) and Net result for the year (+€30,684)
- Tangible fixed assets +€19,973
up €19,973 (+23.4%), from €85,476 to €105,449
of which Land and buildings: +€27,815
- Receivables within one year +€5,455
up €5,455 (+28.8%), from €18,940 to €24,395
of which Other amounts receivable: +€4,245
- Debts after one year +€69,023
up €69,023 (+265.5%), from €25,994 to €95,017
- Reserves +€30,684
up €30,684 (+91.8%), from €33,414 to €64,098
- Current portion of long-term debt +€19,301
up €19,301 (+190.6%), from €10,125 to €29,426
- Other debts +€8,547
up €8,547 (+41.4%), from €20,644 to €29,191
- Trade debts +€7,586
up €7,586 (+3356.6%), from €226 to €7,812
- Depreciation +€13,906
up €13,906 (+174.6%), from €7,965 to €21,871
- Gross operating margin +€12,543
up €12,543 (+21.5%), from €58,408 to €70,951
- Financial charges +€2,414
up €2,414 (+174.9%), from €1,380 to €3,794
- Taxes -€1,116
down €1,116 (-8.0%), from €13,871 to €12,755
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 | €116,864 | €252,995 | +€136,131 | +116.5% |
| Fixed assets | 21/28 | €85,476 | €105,449 | +€19,973 | +23.4% |
| Tangible fixed assets | 22/27 | €85,476 | €105,449 | +€19,973 | +23.4% |
| Land and buildings | 22 | €47,098 | €74,913 | +€27,815 | +59.1% |
| Plant, machinery and equipment | 23 | €1,098 | €852 | -€246 | -22.4% |
| Furniture and vehicles | 24 | €1,122 | €4,391 | +€3,269 | +291.4% |
| Leasing and similar rights | 25 | €36,158 | €25,293 | -€10,865 | -30.0% |
| Current assets | 29/58 | €31,388 | €147,546 | +€116,158 | +370.1% |
| Amounts receivable within one year | 40/41 | €18,940 | €24,395 | +€5,455 | +28.8% |
| Trade receivables | 40 | €16,940 | €18,150 | +€1,210 | +7.1% |
| Other amounts receivable | 41 | €2,000 | €6,245 | +€4,245 | +212.3% |
| Cash at bank and in hand | 54/58 | €12,109 | €122,817 | +€110,708 | +914.3% |
| Deferred charges and accrued income | 490/1 | €339 | €334 | -€5 | -1.5% |
| Total equity and liabilities | 10/49 | €116,864 | €252,995 | +€136,131 | +116.5% |
| Equity | 10/15 | €35,914 | €66,598 | +€30,684 | +85.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,414 | €64,098 | +€30,684 | +91.8% |
| Distributable reserves | 133 | €33,414 | €64,098 | +€30,684 | +91.8% |
| Amounts payable | 17/49 | €80,950 | €186,397 | +€105,447 | +130.3% |
| Amounts payable after more than one year | 17 | €25,994 | €95,017 | +€69,023 | +265.5% |
| Financial debts | 170/4 | €25,994 | €95,017 | +€69,023 | +265.5% |
| Amounts payable within one year | 42/48 | €54,956 | €91,196 | +€36,240 | +65.9% |
| Current portion of amounts payable after more than one year | 42 | €10,125 | €29,426 | +€19,301 | +190.6% |
| Trade debts | 44 | €226 | €7,812 | +€7,586 | +3356.6% |
| Suppliers | 440/4 | €226 | €7,812 | +€7,586 | +3356.6% |
| Taxes, remuneration and social security | 45 | €23,961 | €24,767 | +€806 | +3.4% |
| Taxes | 450/3 | €21,961 | €22,517 | +€556 | +2.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,250 | +€250 | +12.5% |
| Other amounts payable | 47/48 | €20,644 | €29,191 | +€8,547 | +41.4% |
| Accrued charges and deferred income | 492/3 | - | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,965 | €21,871 | +€13,906 | +174.6% |
| Other operating charges | 640/8 | €1,778 | €1,847 | +€69 | +3.9% |
| Gross operating margin | 9900 | €58,408 | €70,951 | +€12,543 | +21.5% |
| Operating profit (loss) | 9901 | €48,665 | €47,233 | -€1,432 | -2.9% |
| Financial charges | 65/66B | €1,380 | €3,794 | +€2,414 | +174.9% |
| Recurring financial charges | 65 | €1,380 | €3,794 | +€2,414 | +174.9% |
| Profit (loss) for the period before taxes | 9903 | €47,285 | €43,439 | -€3,846 | -8.1% |
| Income taxes | 67/77 | €13,871 | €12,755 | -€1,116 | -8.0% |
| Profit (loss) for the period | 9904 | €33,414 | €30,684 | -€2,730 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,414 | €30,684 | -€2,730 | -8.2% |
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 3 October 2026 via checked.be.