DUKE: 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.
DUKE
Largest movements
- Receivables within one year -€13,398
down €13,398 (-95.3%), from €14,063 to €665
of which Trade receivables: -€14,063
- Cash +€11,782
up €11,782 (+218.9%), from €5,383 to €17,166
mainly Receivables within one year (+€13,398) and Depreciation (+€4,622)
- Tangible fixed assets -€3,497
down €3,497 (-23.2%), from €15,074 to €11,577
of which Furniture and vehicles: -€2,827
- Deferred charges and accrued income -€490
down €490 (-62.0%), from €790 to €300
- Current portion of long-term debt -€5,236
no longer reported in 2025 (was €5,236)
- Reserves +€3,861
up €3,861 (+33.1%), from €11,676 to €15,536
of which Distributable reserves: +€3,861
- Accrued charges and deferred income -€2,650
no longer reported in 2025 (was €2,650)
- Trade debts -€1,615
down €1,615 (-77.2%), from €2,093 to €478
- Gross operating margin -€13,558
down €13,558 (-53.5%), from €25,343 to €11,785
- Depreciation -€2,666
down €2,666 (-36.6%), from €7,289 to €4,622
- Taxes -€1,413
down €1,413 (-43.4%), from €3,257 to €1,845
- Other operating charges -€1,280
down €1,280 (-87.3%), from €1,466 to €186
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 | €35,310 | €29,708 | -€5,602 | -15.9% |
| Fixed assets | 21/28 | €15,074 | €11,577 | -€3,497 | -23.2% |
| Tangible fixed assets | 22/27 | €15,074 | €11,577 | -€3,497 | -23.2% |
| Plant, machinery and equipment | 23 | €8,131 | €7,461 | -€670 | -8.2% |
| Furniture and vehicles | 24 | €6,944 | €4,116 | -€2,827 | -40.7% |
| Current assets | 29/58 | €20,236 | €18,131 | -€2,105 | -10.4% |
| Amounts receivable within one year | 40/41 | €14,063 | €665 | -€13,398 | -95.3% |
| Trade receivables | 40 | €14,063 | - | -€14,063 | |
| Other amounts receivable | 41 | - | €665 | +€665 | |
| Cash at bank and in hand | 54/58 | €5,383 | €17,166 | +€11,782 | +218.9% |
| Deferred charges and accrued income | 490/1 | €790 | €300 | -€490 | -62.0% |
| Total equity and liabilities | 10/49 | €35,310 | €29,708 | -€5,602 | -15.9% |
| Equity | 10/15 | €12,176 | €16,036 | +€3,861 | +31.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | - | €500 | +€500 | |
| Share premium | 1100/10 | - | €500 | +€500 | |
| Reserves | 13 | €11,676 | €15,536 | +€3,861 | +33.1% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €11,626 | €15,486 | +€3,861 | +33.2% |
| Amounts payable | 17/49 | €23,134 | €13,672 | -€9,463 | -40.9% |
| Amounts payable after more than one year | 17 | €3,114 | €3,114 | = | 0.0% |
| Financial debts | 170/4 | €3,114 | €3,114 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,371 | €10,558 | -€6,813 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €5,236 | - | -€5,236 | |
| Trade debts | 44 | €2,093 | €478 | -€1,615 | -77.2% |
| Suppliers | 440/4 | €2,093 | €478 | -€1,615 | -77.2% |
| Taxes, remuneration and social security | 45 | €7,147 | €6,852 | -€295 | -4.1% |
| Taxes | 450/3 | €7,147 | €5,102 | -€2,045 | -28.6% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €2,896 | €3,228 | +€332 | +11.5% |
| Accrued charges and deferred income | 492/3 | €2,650 | - | -€2,650 | |
| Remuneration, social security and pensions | 62 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €4,622 | -€2,666 | -36.6% |
| Other operating charges | 640/8 | €1,466 | €186 | -€1,280 | -87.3% |
| Gross operating margin | 9900 | €25,343 | €11,785 | -€13,558 | -53.5% |
| Operating profit (loss) | 9901 | €16,588 | €6,876 | -€9,712 | -58.5% |
| Financial income | 75/76B | €187 | €31 | -€156 | -83.6% |
| Recurring financial income | 75 | €187 | €31 | -€156 | -83.6% |
| Financial charges | 65/66B | €963 | €1,202 | +€239 | +24.8% |
| Recurring financial charges | 65 | €963 | €1,202 | +€239 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €15,812 | €5,705 | -€10,107 | -63.9% |
| Income taxes | 67/77 | €3,257 | €1,845 | -€1,413 | -43.4% |
| Profit (loss) for the period | 9904 | €12,555 | €3,861 | -€8,694 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,555 | €3,861 | -€8,694 | -69.3% |
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 8 October 2026 via checked.be.