DUHOLD: 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.
DUHOLD
Largest movements
- Current assets -€9.8m
down €9.8m (-92.3%), from €10.7m to €820,062
of which Receivables within one year: -€10.0m
- Debts after one year -€6.5m
down €6.5m (-99.3%), from €6.5m to €48,319
- Debts within one year -€4.1m
down €4.1m (-98.8%), from €4.2m to €50,736
- Reserves +€711,283
up €711,283 (+31.3%), from €2.3m to €3.0m
- Gross operating margin -€1.5m
down €1.5m, from €1.5m to -€12,846
- Taxes -€491,159
down €491,159 (-100.0%), from €491,393 to €234
From the 2014 result to the 2015 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2014 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,452,600 | €5,581,579 | -€9.9m | -63.9% |
| Fixed assets | 21/28 | €4,787,934 | €4,761,518 | -€26,417 | -0.6% |
| Intangible fixed assets | 21 | €1,017 | - | -€1,017 | |
| Tangible fixed assets | 22/27 | €101,599 | €76,199 | -€25,400 | -25.0% |
| Financial fixed assets | 28 | €4,685,318 | €4,685,318 | = | 0.0% |
| Current assets | 29/58 | €10,664,666 | €820,062 | -€9.8m | -92.3% |
| Amounts receivable within one year | 40/41 | €10,000,193 | €431 | -€10.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €649,615 | €817,528 | +€167,913 | +25.8% |
| Total equity and liabilities | 10/49 | €15,452,600 | €5,581,579 | -€9.9m | -63.9% |
| Equity | 10/15 | €4,771,193 | €5,482,476 | +€711,283 | +14.9% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €2,271,193 | €2,982,476 | +€711,283 | +31.3% |
| Profit (loss) carried forward | 14 | €1,599 | - | -€1,599 | |
| Amounts payable | 17/49 | €10,681,407 | €99,103 | -€10.6m | -99.1% |
| Amounts payable after more than one year | 17 | €6,520,816 | €48,319 | -€6.5m | -99.3% |
| Amounts payable within one year | 42/48 | €4,150,456 | €50,736 | -€4.1m | -98.8% |
| Trade debts | 44 | €24,022 | €1,730 | -€22,292 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,417 | €26,417 | = | 0.0% |
| Gross operating margin | 9900 | €1,494,815 | -€12,846 | -€1.5m | |
| Operating profit (loss) | 9901 | €1,467,363 | -€40,266 | -€1.5m | |
| Recurring financial income | 75 | €750,053 | €859,502 | +€109,449 | +14.6% |
| Recurring financial charges | 65 | €67,090 | €107,719 | +€40,629 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €2,150,326 | €711,517 | -€1.4m | -66.9% |
| Income taxes | 67/77 | €491,393 | €234 | -€491,159 | -100.0% |
| Profit (loss) for the period | 9904 | €1,658,934 | €711,283 | -€947,651 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,653,248 | €705,707 | -€947,541 | -57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2014 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.