DUKE COMMUNICATION: 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.
DUKE COMMUNICATION
Largest movements
- Current investments -€250,000
down €250,000 (-62.1%), from €402,500 to €152,500
- Receivables after one year +€190,017
up €190,017 (+9.9%), from €1.9m to €2.1m
of which Other amounts receivable: +€1.4m
- Receivables within one year +€84,855
up €84,855 (+83.6%), from €101,445 to €186,300
of which Other amounts receivable: +€131,635
- Cash -€48,048
down €48,048 (-30.3%), from €158,753 to €110,705
mainly Receivables after one year (-€190,017) and Other debts (-€100,020)
- Other debts -€100,020
down €100,020 (-100.0%), from €100,020 to €0
- Reserves +€69,174
up €69,174 (+2.7%), from €2.5m to €2.6m
of which Distributable reserves: +€69,174
- Gross operating margin -€116,633
down €116,633 (-73.8%), from €158,004 to €41,371
- Taxes -€40,902
down €40,902 (-60.1%), from €68,023 to €27,120
- Financial income -€16,431
down €16,431 (-19.7%), from €83,525 to €67,094
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 | €2,675,253 | €2,645,056 | -€30,196 | -1.1% |
| Fixed assets | 21/28 | €65,465 | €60,329 | -€5,136 | -7.8% |
| Tangible fixed assets | 22/27 | €31,165 | €26,029 | -€5,136 | -16.5% |
| Furniture and vehicles | 24 | €19,213 | €14,077 | -€5,136 | -26.7% |
| Other tangible fixed assets | 26 | €11,952 | €11,952 | = | 0.0% |
| Financial fixed assets | 28 | €34,300 | €34,300 | = | 0.0% |
| Current assets | 29/58 | €2,609,788 | €2,584,728 | -€25,060 | -1.0% |
| Amounts receivable after more than one year | 29 | €1,914,350 | €2,104,367 | +€190,017 | +9.9% |
| Trade receivables | 290 | €1,250,000 | €0 | -€1.3m | -100.0% |
| Other amounts receivable | 291 | €664,350 | €2,104,367 | +€1.4m | +216.8% |
| Amounts receivable within one year | 40/41 | €101,445 | €186,300 | +€84,855 | +83.6% |
| Trade receivables | 40 | €76,535 | €29,756 | -€46,779 | -61.1% |
| Other amounts receivable | 41 | €24,910 | €156,544 | +€131,635 | +528.4% |
| Current investments | 50/53 | €402,500 | €152,500 | -€250,000 | -62.1% |
| Cash at bank and in hand | 54/58 | €158,753 | €110,705 | -€48,048 | -30.3% |
| Deferred charges and accrued income | 490/1 | €32,741 | €30,855 | -€1,885 | -5.8% |
| Total equity and liabilities | 10/49 | €2,675,253 | €2,645,056 | -€30,196 | -1.1% |
| Equity | 10/15 | €2,546,933 | €2,616,107 | +€69,174 | +2.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €2,526,473 | €2,595,647 | +€69,174 | +2.7% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €2,400,173 | €2,469,347 | +€69,174 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,320 | €28,949 | -€99,370 | -77.4% |
| Amounts payable within one year | 42/48 | €128,320 | €28,949 | -€99,370 | -77.4% |
| Financial debts | 43 | €4,260 | €4,248 | -€12 | -0.3% |
| Credit institutions | 430/8 | €4,260 | €4,248 | -€12 | -0.3% |
| Trade debts | 44 | €704 | €1,383 | +€679 | +96.4% |
| Suppliers | 440/4 | €704 | €1,383 | +€679 | +96.4% |
| Taxes, remuneration and social security | 45 | €23,335 | €23,319 | -€17 | -0.1% |
| Taxes | 450/3 | €23,335 | €23,319 | -€17 | -0.1% |
| Other amounts payable | 47/48 | €100,020 | €0 | -€100,020 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €7,052 | +€252 | +3.7% |
| Other operating charges | 640/8 | €1,900 | €3,461 | +€1,561 | +82.1% |
| Gross operating margin | 9900 | €158,004 | €41,371 | -€116,633 | -73.8% |
| Operating profit (loss) | 9901 | €149,303 | €30,858 | -€118,446 | -79.3% |
| Financial income | 75/76B | €83,525 | €67,094 | -€16,431 | -19.7% |
| Recurring financial income | 75 | €83,525 | €67,094 | -€16,431 | -19.7% |
| Financial charges | 65/66B | €1,465 | €1,658 | +€193 | +13.2% |
| Recurring financial charges | 65 | €1,465 | €1,658 | +€193 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €231,363 | €96,294 | -€135,069 | -58.4% |
| Income taxes | 67/77 | €68,023 | €27,120 | -€40,902 | -60.1% |
| Profit (loss) for the period | 9904 | €163,341 | €69,174 | -€94,167 | -57.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €163,341 | €69,174 | -€94,167 | -57.7% |
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 12 October 2026 via checked.be.