Duhamel.S: 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.
Duhamel.S
Largest movements
- Cash -€7,174
down €7,174 (-14.4%), from €49,987 to €42,813
mainly Investment in fixed assets (net) (-€13,510) and Debts after one year (-€10,489)
- Tangible fixed assets +€4,269
up €4,269 (+3.0%), from €142,457 to €146,727
of which Land and buildings: +€5,031
- Receivables within one year +€3,482
up €3,482 (+10.6%), from €32,876 to €36,359
of which Other amounts receivable: +€5,044
- Debts after one year -€10,489
down €10,489 (-8.4%), from €124,383 to €113,894
- Reserves +€7,903
up €7,903 (+9.7%), from €81,538 to €89,441
- Trade debts +€4,029
new in 2025: €4,029
- Gross operating margin -€38,582
down €38,582 (-60.6%), from €63,685 to €25,103
- Taxes -€8,848
down €8,848 (-75.0%), from €11,791 to €2,944
- Depreciation -€8,274
down €8,274 (-47.2%), from €17,515 to €9,241
- Other operating charges -€1,662
down €1,662 (-51.4%), from €3,231 to €1,569
- Financial charges -€707
down €707 (-12.5%), from €5,680 to €4,973
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 | €227,016 | €228,644 | +€1,628 | +0.7% |
| Fixed assets | 21/28 | €142,457 | €146,727 | +€4,269 | +3.0% |
| Tangible fixed assets | 22/27 | €142,457 | €146,727 | +€4,269 | +3.0% |
| Land and buildings | 22 | €140,006 | €145,037 | +€5,031 | +3.6% |
| Plant, machinery and equipment | 23 | €1,435 | €927 | -€508 | -35.4% |
| Furniture and vehicles | 24 | €1,017 | €763 | -€254 | -25.0% |
| Current assets | 29/58 | €84,559 | €81,918 | -€2,641 | -3.1% |
| Stocks and contracts in progress | 3 | €1,696 | €2,746 | +€1,050 | +61.9% |
| Stocks | 30/36 | €1,696 | €2,746 | +€1,050 | +61.9% |
| Amounts receivable within one year | 40/41 | €32,876 | €36,359 | +€3,482 | +10.6% |
| Trade receivables | 40 | €2,562 | €1,000 | -€1,562 | -61.0% |
| Other amounts receivable | 41 | €30,314 | €35,359 | +€5,044 | +16.6% |
| Cash at bank and in hand | 54/58 | €49,987 | €42,813 | -€7,174 | -14.4% |
| Total equity and liabilities | 10/49 | €227,016 | €228,644 | +€1,628 | +0.7% |
| Equity | 10/15 | €88,038 | €95,941 | +€7,903 | +9.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €81,538 | €89,441 | +€7,903 | +9.7% |
| Distributable reserves | 133 | €81,538 | €89,441 | +€7,903 | +9.7% |
| Amounts payable | 17/49 | €138,978 | €132,703 | -€6,275 | -4.5% |
| Amounts payable after more than one year | 17 | €124,383 | €113,894 | -€10,489 | -8.4% |
| Financial debts | 170/4 | €124,383 | €113,894 | -€10,489 | -8.4% |
| Amounts payable within one year | 42/48 | €14,595 | €18,809 | +€4,214 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €10,304 | €10,489 | +€185 | +1.8% |
| Trade debts | 44 | - | €4,029 | +€4,029 | |
| Suppliers | 440/4 | - | €4,029 | +€4,029 | |
| Taxes, remuneration and social security | 45 | €4,291 | €4,291 | = | 0.0% |
| Taxes | 450/3 | €4,291 | €4,291 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,515 | €9,241 | -€8,274 | -47.2% |
| Other operating charges | 640/8 | €3,231 | €1,569 | -€1,662 | -51.4% |
| Gross operating margin | 9900 | €63,685 | €25,103 | -€38,582 | -60.6% |
| Operating profit (loss) | 9901 | €42,910 | €14,293 | -€28,617 | -66.7% |
| Financial income | 75/76B | €2,087 | €1,527 | -€559 | -26.8% |
| Recurring financial income | 75 | €2,087 | €1,527 | -€559 | -26.8% |
| Financial charges | 65/66B | €5,680 | €4,973 | -€707 | -12.5% |
| Recurring financial charges | 65 | €5,680 | €4,973 | -€707 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €39,316 | €10,847 | -€28,469 | -72.4% |
| Income taxes | 67/77 | €11,791 | €2,944 | -€8,848 | -75.0% |
| Profit (loss) for the period | 9904 | €27,524 | €7,903 | -€19,621 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,524 | €7,903 | -€19,621 | -71.3% |
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 23 October 2026 via checked.be.