DUKE & ANDERS: 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 & ANDERS
Largest movements
- Cash -€13,963
down €13,963 (-40.5%), from €34,509 to €20,546
mainly Contributions, distributions and other (-€61,970) and Debts after one year (-€12,066)
- Tangible fixed assets -€12,480
down €12,480 (-7.3%), from €170,438 to €157,957
of which Land and buildings: -€14,062
- Receivables after one year -€8,344
down €8,344 (-4.7%), from €179,376 to €171,033
- Reserves -€23,873
down €23,873 (-5.8%), from €413,087 to €389,214
- Debts after one year -€12,066
down €12,066 (-66.5%), from €18,154 to €6,089
- Gross operating margin -€24,449
down €24,449 (-25.3%), from €96,738 to €72,290
- Taxes -€6,331
down €6,331 (-26.7%), from €23,712 to €17,380
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,615 | €432,943 | -€36,672 | -7.8% |
| Fixed assets | 21/28 | €187,438 | €174,957 | -€12,480 | -6.7% |
| Tangible fixed assets | 22/27 | €170,438 | €157,957 | -€12,480 | -7.3% |
| Land and buildings | 22 | €165,291 | €151,229 | -€14,062 | -8.5% |
| Plant, machinery and equipment | 23 | €1,231 | €578 | -€653 | -53.0% |
| Furniture and vehicles | 24 | €2,571 | €4,805 | +€2,234 | +86.9% |
| Other tangible fixed assets | 26 | €1,344 | €1,344 | = | 0.0% |
| Financial fixed assets | 28 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €282,177 | €257,985 | -€24,192 | -8.6% |
| Amounts receivable after more than one year | 29 | €179,376 | €171,033 | -€8,344 | -4.7% |
| Other amounts receivable | 291 | €179,376 | €171,033 | -€8,344 | -4.7% |
| Amounts receivable within one year | 40/41 | €67,115 | €65,165 | -€1,951 | -2.9% |
| Trade receivables | 40 | €384 | €21,036 | +€20,651 | +5371.8% |
| Other amounts receivable | 41 | €66,731 | €44,129 | -€22,602 | -33.9% |
| Cash at bank and in hand | 54/58 | €34,509 | €20,546 | -€13,963 | -40.5% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,242 | +€66 | +5.6% |
| Total equity and liabilities | 10/49 | €469,615 | €432,943 | -€36,672 | -7.8% |
| Equity | 10/15 | €419,287 | €395,414 | -€23,873 | -5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €413,087 | €389,214 | -€23,873 | -5.8% |
| Distributable reserves | 133 | €413,087 | €389,214 | -€23,873 | -5.8% |
| Amounts payable | 17/49 | €50,328 | €37,529 | -€12,799 | -25.4% |
| Amounts payable after more than one year | 17 | €18,154 | €6,089 | -€12,066 | -66.5% |
| Financial debts | 170/4 | €18,154 | €6,089 | -€12,066 | -66.5% |
| Amounts payable within one year | 42/48 | €32,109 | €31,374 | -€735 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €23,587 | €20,399 | -€3,187 | -13.5% |
| Trade debts | 44 | €700 | €3,404 | +€2,704 | +386.3% |
| Suppliers | 440/4 | €700 | €3,404 | +€2,704 | +386.3% |
| Taxes, remuneration and social security | 45 | €7,823 | €7,571 | -€252 | -3.2% |
| Taxes | 450/3 | €7,823 | €7,571 | -€252 | -3.2% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Non-recurring operating income | 76A | - | €2,196 | +€2,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,290 | €15,924 | +€634 | +4.1% |
| Other operating charges | 640/8 | €1,735 | €1,701 | -€35 | -2.0% |
| Gross operating margin | 9900 | €96,738 | €72,290 | -€24,449 | -25.3% |
| Operating profit (loss) | 9901 | €79,713 | €54,665 | -€25,048 | -31.4% |
| Financial income | 75/76B | €4,748 | €4,547 | -€201 | -4.2% |
| Recurring financial income | 75 | €4,748 | €4,547 | -€201 | -4.2% |
| Financial charges | 65/66B | €4,237 | €3,736 | -€501 | -11.8% |
| Recurring financial charges | 65 | €4,237 | €3,736 | -€501 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €80,225 | €55,477 | -€24,748 | -30.8% |
| Income taxes | 67/77 | €23,712 | €17,380 | -€6,331 | -26.7% |
| Profit (loss) for the period | 9904 | €56,513 | €38,097 | -€18,416 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,513 | €38,097 | -€18,416 | -32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.