DUKAT: 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.
DUKAT
Largest movements
- Tangible fixed assets -€15,392
down €15,392 (-39.2%), from €39,275 to €23,884
- Cash +€7,298
up €7,298 (+311.8%), from €2,341 to €9,638
mainly Depreciation (+€15,392) and Tax, wage and social debts (+€3,883)
- Receivables within one year -€2,191
down €2,191 (-35.6%), from €6,152 to €3,961
of which Other amounts receivable: -€5,007
- Deferred charges and accrued income -€1,116
no longer reported in 2025 (was €1,116)
- Profit (loss) carried forward -€11,029
down €11,029 (-228.1%), from -€4,834 to -€15,863
- Tax, wage and social debts +€3,883
up €3,883 (+235.4%), from €1,649 to €5,532
of which Remuneration and social security: +€3,929
- Other debts -€2,500
down €2,500 (-6.6%), from €38,098 to €35,598
- Trade debts -€1,755
down €1,755 (-44.2%), from €3,971 to €2,216
- Turnover -€38,586
no longer reported in 2025 (was €38,586)
- Purchases and services -€30,804
no longer reported in 2025 (was €30,804)
- Gross operating margin -€9,653
down €9,653 (-54.7%), from €17,636 to €7,983
- Depreciation +€6,257
up €6,257 (+68.5%), from €9,135 to €15,392
- Other operating charges +€642
up €642 (+21.9%), from €2,935 to €3,578
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 | €48,884 | €37,483 | -€11,401 | -23.3% |
| Fixed assets | 21/28 | €39,275 | €23,884 | -€15,392 | -39.2% |
| Tangible fixed assets | 22/27 | €39,275 | €23,884 | -€15,392 | -39.2% |
| Furniture and vehicles | 24 | €39,275 | €23,884 | -€15,392 | -39.2% |
| Current assets | 29/58 | €9,608 | €13,599 | +€3,991 | +41.5% |
| Amounts receivable within one year | 40/41 | €6,152 | €3,961 | -€2,191 | -35.6% |
| Trade receivables | 40 | €1,145 | €3,961 | +€2,816 | +245.8% |
| Other amounts receivable | 41 | €5,007 | - | -€5,007 | |
| Cash at bank and in hand | 54/58 | €2,341 | €9,638 | +€7,298 | +311.8% |
| Deferred charges and accrued income | 490/1 | €1,116 | - | -€1,116 | |
| Total equity and liabilities | 10/49 | €48,884 | €37,483 | -€11,401 | -23.3% |
| Equity | 10/15 | €5,166 | -€5,863 | -€11,029 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,834 | -€15,863 | -€11,029 | -228.1% |
| Amounts payable | 17/49 | €43,718 | €43,346 | -€372 | -0.9% |
| Amounts payable within one year | 42/48 | €43,718 | €43,346 | -€372 | -0.9% |
| Trade debts | 44 | €3,971 | €2,216 | -€1,755 | -44.2% |
| Suppliers | 440/4 | €3,971 | €2,216 | -€1,755 | -44.2% |
| Taxes, remuneration and social security | 45 | €1,649 | €5,532 | +€3,883 | +235.4% |
| Taxes | 450/3 | €649 | €603 | -€46 | -7.1% |
| Remuneration and social security | 454/9 | €1,000 | €4,929 | +€3,929 | +392.9% |
| Other amounts payable | 47/48 | €38,098 | €35,598 | -€2,500 | -6.6% |
| Turnover | 70 | €38,586 | - | -€38,586 | |
| Non-recurring operating income | 76A | €9,854 | €3,316 | -€6,538 | -66.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,804 | - | -€30,804 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,135 | €15,392 | +€6,257 | +68.5% |
| Other operating charges | 640/8 | €2,935 | €3,578 | +€642 | +21.9% |
| Non-recurring operating charges | 66A | €10,400 | - | -€10,400 | |
| Gross operating margin | 9900 | €17,636 | €7,983 | -€9,653 | -54.7% |
| Operating profit (loss) | 9901 | -€4,834 | -€10,987 | -€6,152 | -127.3% |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | -€4,834 | -€11,029 | -€6,195 | -128.1% |
| Profit (loss) for the period | 9904 | -€4,834 | -€11,029 | -€6,195 | -128.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,834 | -€11,029 | -€6,195 | -128.1% |
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 6 October 2026 via checked.be.