DUKAT CONSULTANTS: 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.
DUKAT CONSULTANTS
Largest movements
- Tangible fixed assets -€19,707
down €19,707 (-3.2%), from €606,723 to €587,017
of which Land and buildings: -€28,685
- Debts after one year -€27,457
down €27,457 (-10.9%), from €252,611 to €225,154
- Reserves +€14,334
up €14,334 (+9.7%), from €147,805 to €162,139
of which Distributable reserves: +€14,334
- Current portion of long-term debt -€10,524
down €10,524 (-26.2%), from €40,226 to €29,702
- Trade debts -€8,959
down €8,959 (-93.2%), from €9,617 to €657
- Other debts +€6,797
up €6,797 (+5.3%), from €127,585 to €134,382
- Purchases and services +€23,149
up €23,149 (+244%), from €9,500 to €32,649
- Gross operating margin -€15,023
down €15,023 (-17.3%), from €87,081 to €72,058
- Taxes -€5,159
down €5,159 (-51.3%), from €10,048 to €4,889
- Financial charges -€3,349
down €3,349 (-19.1%), from €17,494 to €14,145
of which Financial charges: -€3,665
- Depreciation +€2,611
up €2,611 (+8.3%), from €31,273 to €33,884
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 | €631,479 | €604,099 | -€27,380 | -4.3% |
| Fixed assets | 21/28 | €607,123 | €587,417 | -€19,707 | -3.2% |
| Tangible fixed assets | 22/27 | €606,723 | €587,017 | -€19,707 | -3.2% |
| Land and buildings | 22 | €590,826 | €562,141 | -€28,685 | -4.9% |
| Plant, machinery and equipment | 23 | €9,897 | €20,376 | +€10,479 | +106% |
| Other tangible fixed assets | 26 | €6,000 | €4,500 | -€1,500 | -25.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €24,356 | €16,682 | -€7,674 | -31.5% |
| Amounts receivable within one year | 40/41 | €14,169 | €9,067 | -€5,102 | -36.0% |
| Trade receivables | 40 | €14,147 | €6,667 | -€7,480 | -52.9% |
| Other amounts receivable | 41 | €22 | €2,400 | +€2,378 | +10,760% |
| Cash at bank and in hand | 54/58 | €10,187 | €7,615 | -€2,572 | -25.2% |
| Total equity and liabilities | 10/49 | €631,479 | €604,099 | -€27,380 | -4.3% |
| Equity | 10/15 | €187,805 | €202,139 | +€14,334 | +7.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €147,805 | €162,139 | +€14,334 | +9.7% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €143,805 | €158,139 | +€14,334 | +10.0% |
| Amounts payable | 17/49 | €443,675 | €401,960 | -€41,714 | -9.4% |
| Amounts payable after more than one year | 17 | €252,611 | €225,154 | -€27,457 | -10.9% |
| Financial debts | 170/4 | €252,611 | €225,154 | -€27,457 | -10.9% |
| Amounts payable within one year | 42/48 | €184,954 | €170,539 | -€14,415 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €40,226 | €29,702 | -€10,524 | -26.2% |
| Trade debts | 44 | €9,617 | €657 | -€8,959 | -93.2% |
| Suppliers | 440/4 | €9,617 | €657 | -€8,959 | -93.2% |
| Taxes, remuneration and social security | 45 | €7,526 | €5,798 | -€1,728 | -23.0% |
| Taxes | 450/3 | €7,526 | €5,798 | -€1,728 | -23.0% |
| Other amounts payable | 47/48 | €127,585 | €134,382 | +€6,797 | +5.3% |
| Accrued charges and deferred income | 492/3 | €6,109 | €6,267 | +€158 | +2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,500 | €32,649 | +€23,149 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,273 | €33,884 | +€2,611 | +8.3% |
| Other operating charges | 640/8 | €5,276 | €5,305 | +€29 | +0.5% |
| Gross operating margin | 9900 | €87,081 | €72,058 | -€15,023 | -17.3% |
| Operating profit (loss) | 9901 | €50,532 | €32,870 | -€17,662 | -35.0% |
| Financial income | 75/76B | €2,024 | €498 | -€1,526 | -75.4% |
| Recurring financial income | 75 | €2,024 | €498 | -€1,526 | -75.4% |
| Financial charges | 65/66B | €17,494 | €14,145 | -€3,349 | -19.1% |
| Recurring financial charges | 65 | €17,494 | €13,830 | -€3,665 | -20.9% |
| Non-recurring financial charges | 66B | - | €316 | +€316 | |
| Profit (loss) for the period before taxes | 9903 | €35,062 | €19,223 | -€15,839 | -45.2% |
| Income taxes | 67/77 | €10,048 | €4,889 | -€5,159 | -51.3% |
| Profit (loss) for the period | 9904 | €25,014 | €14,334 | -€10,680 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,014 | €14,334 | -€10,680 | -42.7% |
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 28 October 2026 via checked.be.