DUKS: 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.
DUKS
Largest movements
- Current investments +€95,310
up €95,310 (+74.7%), from €127,636 to €222,946
- Tangible fixed assets +€79,705
up €79,705 (+11.8%), from €673,508 to €753,213
of which Plant, machinery and equipment: +€86,532
- Cash -€70,335
down €70,335 (-34.7%), from €202,653 to €132,318
mainly Investment in fixed assets (net) (-€130,627) and Current investments (-€95,310)
- Other debts +€53,355
up €53,355 (+13.2%), from €405,229 to €458,583
- Reserves +€23,225
up €23,225 (+7.7%), from €299,898 to €323,123
of which Distributable reserves: +€30,390
- Tax, wage and social debts +€20,827
up €20,827 (+75.2%), from €27,709 to €48,536
- Financial income +€53,797
up €53,797 (+742.8%), from €7,242 to €61,040
- Gross operating margin +€10,172
up €10,172 (+5.1%), from €198,075 to €208,247
- Taxes +€9,663
up €9,663 (+19.8%), from €48,734 to €58,397
- Depreciation +€6,254
up €6,254 (+14.0%), from €44,669 to €50,923
- Financial charges +€5,446
up €5,446 (+26.2%), from €20,814 to €26,259
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 | €1,009,197 | €1,114,391 | +€105,193 | +10.4% |
| Fixed assets | 21/28 | €673,508 | €753,213 | +€79,705 | +11.8% |
| Tangible fixed assets | 22/27 | €673,508 | €753,213 | +€79,705 | +11.8% |
| Land and buildings | 22 | €334,266 | €328,231 | -€6,034 | -1.8% |
| Plant, machinery and equipment | 23 | €337,823 | €424,355 | +€86,532 | +25.6% |
| Furniture and vehicles | 24 | €1,419 | €626 | -€793 | -55.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €335,689 | €361,178 | +€25,489 | +7.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €127,636 | €222,946 | +€95,310 | +74.7% |
| Cash at bank and in hand | 54/58 | €202,653 | €132,318 | -€70,335 | -34.7% |
| Deferred charges and accrued income | 490/1 | €5,401 | €5,914 | +€514 | +9.5% |
| Total equity and liabilities | 10/49 | €1,009,197 | €1,114,391 | +€105,193 | +10.4% |
| Equity | 10/15 | €530,761 | €553,986 | +€23,225 | +4.4% |
| Contributions | 10/11 | €205,875 | €205,875 | = | 0.0% |
| Capital | 10 | €205,875 | €205,875 | = | 0.0% |
| Issued capital | 100 | €205,875 | €205,875 | = | 0.0% |
| Reserves | 13 | €299,898 | €323,123 | +€23,225 | +7.7% |
| Non-distributable reserves | 130/1 | €20,587 | €20,587 | = | 0.0% |
| Legal reserve | 130 | €20,587 | €20,587 | = | 0.0% |
| Tax-exempt reserves | 132 | €52,117 | €44,952 | -€7,165 | -13.7% |
| Distributable reserves | 133 | €227,193 | €257,583 | +€30,390 | +13.4% |
| Profit (loss) carried forward | 14 | €24,989 | €24,989 | = | 0.0% |
| Provisions and deferred taxes | 16 | €17,372 | €14,984 | -€2,388 | -13.7% |
| Deferred taxes | 168 | €17,372 | €14,984 | -€2,388 | -13.7% |
| Amounts payable | 17/49 | €461,063 | €545,421 | +€84,357 | +18.3% |
| Amounts payable within one year | 42/48 | €447,208 | €529,210 | +€82,002 | +18.3% |
| Trade debts | 44 | €14,270 | €22,091 | +€7,821 | +54.8% |
| Suppliers | 440/4 | €14,270 | €22,091 | +€7,821 | +54.8% |
| Taxes, remuneration and social security | 45 | €27,709 | €48,536 | +€20,827 | +75.2% |
| Taxes | 450/3 | €27,709 | €48,536 | +€20,827 | +75.2% |
| Other amounts payable | 47/48 | €405,229 | €458,583 | +€53,355 | +13.2% |
| Accrued charges and deferred income | 492/3 | €13,856 | €16,211 | +€2,355 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,669 | €50,923 | +€6,254 | +14.0% |
| Other operating charges | 640/8 | €25,293 | €25,872 | +€579 | +2.3% |
| Non-recurring operating charges | 66A | €143 | €0 | -€143 | -100.0% |
| Gross operating margin | 9900 | €198,075 | €208,247 | +€10,172 | +5.1% |
| Operating profit (loss) | 9901 | €127,970 | €131,453 | +€3,482 | +2.7% |
| Financial income | 75/76B | €7,242 | €61,040 | +€53,797 | +742.8% |
| Recurring financial income | 75 | €7,242 | €61,040 | +€53,797 | +742.8% |
| Financial charges | 65/66B | €20,814 | €26,259 | +€5,446 | +26.2% |
| Recurring financial charges | 65 | €20,814 | €26,259 | +€5,446 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €114,399 | €166,233 | +€51,834 | +45.3% |
| Transfer from deferred taxes | 780 | €2,388 | €2,388 | = | 0.0% |
| Income taxes | 67/77 | €48,734 | €58,397 | +€9,663 | +19.8% |
| Profit (loss) for the period | 9904 | €68,054 | €110,225 | +€42,171 | +62.0% |
| Transfer from tax-exempt reserves | 789 | €7,165 | €7,165 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,219 | €117,390 | +€42,171 | +56.1% |
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 4 October 2026 via checked.be.