duke26: 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.
duke26
Largest movements
- Tangible fixed assets +€37,590
up €37,590 (+1,159%), from €3,243 to €40,833
of which Furniture and vehicles: +€34,921
- Receivables within one year +€16,472
up €16,472 (+112%), from €14,741 to €31,214
of which Trade receivables: +€18,240
- Cash -€16,017
down €16,017 (-9.9%), from €161,650 to €145,633
mainly Contributions, distributions and other (-€174,266) and Investment in fixed assets (net) (-€40,630)
- Other debts +€154,082
up €154,082 (+2,164%), from €7,120 to €161,201
- Reserves -€105,504
down €105,504 (-100%), from €105,504 to €0
- Tax, wage and social debts -€5,441
down €5,441 (-43.3%), from €12,562 to €7,121
- Debts after one year -€5,081
down €5,081 (-100%), from €5,081 to €0
- Gross operating margin -€8,958
down €8,958 (-8.5%), from €105,736 to €96,778
- Taxes -€3,965
down €3,965 (-14.5%), from €27,330 to €23,365
- Depreciation +€1,905
up €1,905 (+168%), from €1,136 to €3,040
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 | €179,634 | €217,679 | +€38,045 | +21.2% |
| Fixed assets | 21/28 | €3,243 | €40,833 | +€37,590 | +1,159% |
| Tangible fixed assets | 22/27 | €3,243 | €40,833 | +€37,590 | +1,159% |
| Plant, machinery and equipment | 23 | - | €2,669 | +€2,669 | |
| Furniture and vehicles | 24 | €1,743 | €36,664 | +€34,921 | +2,004% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €176,391 | €176,847 | +€455 | +0.3% |
| Amounts receivable within one year | 40/41 | €14,741 | €31,214 | +€16,472 | +112% |
| Trade receivables | 40 | €10,521 | €28,761 | +€18,240 | +173% |
| Other amounts receivable | 41 | €4,221 | €2,453 | -€1,768 | -41.9% |
| Cash at bank and in hand | 54/58 | €161,650 | €145,633 | -€16,017 | -9.9% |
| Total equity and liabilities | 10/49 | €179,634 | €217,679 | +€38,045 | +21.2% |
| Equity | 10/15 | €154,054 | €48,550 | -€105,504 | -68.5% |
| Contributions | 10/11 | €48,550 | €48,550 | = | 0.0% |
| Reserves | 13 | €105,504 | €0 | -€105,504 | -100% |
| Distributable reserves | 133 | €105,504 | €0 | -€105,504 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,580 | €169,129 | +€143,550 | +561% |
| Amounts payable after more than one year | 17 | €5,081 | €0 | -€5,081 | -100% |
| Financial debts | 170/4 | €5,081 | €0 | -€5,081 | -100% |
| Amounts payable within one year | 42/48 | €20,499 | €169,129 | +€148,630 | +725% |
| Trade debts | 44 | €817 | €807 | -€10 | -1.2% |
| Suppliers | 440/4 | €817 | €807 | -€10 | -1.2% |
| Taxes, remuneration and social security | 45 | €12,562 | €7,121 | -€5,441 | -43.3% |
| Taxes | 450/3 | €12,562 | €7,121 | -€5,441 | -43.3% |
| Other amounts payable | 47/48 | €7,120 | €161,201 | +€154,082 | +2,164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,136 | €3,040 | +€1,905 | +168% |
| Other operating charges | 640/8 | €663 | €710 | +€47 | +7.1% |
| Non-recurring operating charges | 66A | - | €754 | +€754 | |
| Gross operating margin | 9900 | €105,736 | €96,778 | -€8,958 | -8.5% |
| Operating profit (loss) | 9901 | €103,937 | €92,273 | -€11,664 | -11.2% |
| Financial income | 75/76B | €106 | €39 | -€67 | -63.3% |
| Recurring financial income | 75 | €106 | €39 | -€67 | -63.3% |
| Financial charges | 65/66B | €94 | €185 | +€91 | +96.6% |
| Recurring financial charges | 65 | €94 | €185 | +€91 | +96.6% |
| Profit (loss) for the period before taxes | 9903 | €103,949 | €92,126 | -€11,822 | -11.4% |
| Income taxes | 67/77 | €27,330 | €23,365 | -€3,965 | -14.5% |
| Profit (loss) for the period | 9904 | €76,618 | €68,761 | -€7,857 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,618 | €68,761 | -€7,857 | -10.3% |
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.