Duka Developments: 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.
Duka Developments
Largest movements
- Tangible fixed assets +€227,227
new in 2025: €227,227
of which Land and buildings: +€226,186
- Cash -€35,885
down €35,885 (-45.5%), from €78,836 to €42,951
mainly Investment in fixed assets (net) (-€228,970) and Receivables within one year (-€22,128)
- Receivables within one year +€22,128
up €22,128 (+79.5%), from €27,827 to €49,955
of which Other amounts receivable: +€21,947
- Debts after one year +€181,965
new in 2025: €181,965
- Tax, wage and social debts +€13,269
up €13,269 (+80.7%), from €16,438 to €29,708
- Current portion of long-term debt +€10,193
new in 2025: €10,193
- Reserves +€8,278
up €8,278 (+9.3%), from €89,037 to €97,315
- Other operating charges +€56,989
up €56,989 (+8,960%), from €636 to €57,625
- Gross operating margin +€12,944
up €12,944 (+21.5%), from €60,170 to €73,114
- Taxes -€9,422
down €9,422 (-77.8%), from €12,109 to €2,687
- Depreciation +€1,743
new in 2025: €1,743
- Financial charges +€1,147
up €1,147 (+70.2%), from €1,634 to €2,782
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 | €107,607 | €322,128 | +€214,521 | +199% |
| Fixed assets | 21/28 | - | €227,227 | +€227,227 | |
| Tangible fixed assets | 22/27 | - | €227,227 | +€227,227 | |
| Land and buildings | 22 | - | €226,186 | +€226,186 | |
| Furniture and vehicles | 24 | - | €1,041 | +€1,041 | |
| Current assets | 29/58 | €107,607 | €94,901 | -€12,706 | -11.8% |
| Amounts receivable within one year | 40/41 | €27,827 | €49,955 | +€22,128 | +79.5% |
| Trade receivables | 40 | €23,958 | €24,140 | +€182 | +0.8% |
| Other amounts receivable | 41 | €3,869 | €25,816 | +€21,947 | +567% |
| Cash at bank and in hand | 54/58 | €78,836 | €42,951 | -€35,885 | -45.5% |
| Deferred charges and accrued income | 490/1 | €944 | €1,995 | +€1,051 | +111% |
| Total equity and liabilities | 10/49 | €107,607 | €322,128 | +€214,521 | +199% |
| Equity | 10/15 | €90,537 | €98,815 | +€8,278 | +9.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €89,037 | €97,315 | +€8,278 | +9.3% |
| Distributable reserves | 133 | €89,037 | €97,315 | +€8,278 | +9.3% |
| Amounts payable | 17/49 | €17,070 | €223,313 | +€206,243 | +1,208% |
| Amounts payable after more than one year | 17 | - | €181,965 | +€181,965 | |
| Financial debts | 170/4 | - | €181,965 | +€181,965 | |
| Amounts payable within one year | 42/48 | €17,070 | €41,348 | +€24,278 | +142% |
| Current portion of amounts payable after more than one year | 42 | - | €10,193 | +€10,193 | |
| Trade debts | 44 | €631 | €1,447 | +€815 | +129% |
| Suppliers | 440/4 | €631 | €1,447 | +€815 | +129% |
| Taxes, remuneration and social security | 45 | €16,438 | €29,708 | +€13,269 | +80.7% |
| Taxes | 450/3 | €16,438 | €29,708 | +€13,269 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,743 | +€1,743 | |
| Other operating charges | 640/8 | €636 | €57,625 | +€56,989 | +8,960% |
| Gross operating margin | 9900 | €60,170 | €73,114 | +€12,944 | +21.5% |
| Operating profit (loss) | 9901 | €59,534 | €13,747 | -€45,788 | -76.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €1,634 | €2,782 | +€1,147 | +70.2% |
| Recurring financial charges | 65 | €1,634 | €2,782 | +€1,147 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €57,902 | €10,965 | -€46,937 | -81.1% |
| Income taxes | 67/77 | €12,109 | €2,687 | -€9,422 | -77.8% |
| Profit (loss) for the period | 9904 | €45,793 | €8,278 | -€37,514 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,793 | €8,278 | -€37,514 | -81.9% |
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 24 October 2026 via checked.be.