DUO CATERING: 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.
What changed
DUO CATERING
NACE 56.220, Contract catering and other food service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.3m-€66,180
Equity
€3.7m
2024 · €2.7m+€938,333
Cash
€3.2m
2024 · €2.3m+€982,710
Balance sheet total
€18.0m
2024 · €13.5m+€4.5m
Largest movements
Assets
- Current investments +€2.0m
new in 2025: €2.0m
- Cash +€982,710
up €982,710 (+43.4%), from €2.3m to €3.2m
mainly Debts after one year (+€2.0m) and Trade debts (+€1.4m)
- Receivables within one year +€978,358
up €978,358 (+19.8%), from €4.9m to €5.9m
of which Trade receivables: +€821,181
- Tangible fixed assets +€262,951
up €262,951 (+7.4%), from €3.5m to €3.8m
of which Plant, machinery and equipment: +€209,459
- Stocks and contracts +€217,561
up €217,561 (+61.4%), from €354,120 to €571,681
Equity and liabilities
- Reserves +€2.1m
up €2.1m (+333%), from €623,450 to €2.7m
of which Non-distributable reserves: +€2.0m
- Debts after one year +€2.0m
up €2.0m (+70.1%), from €2.9m to €4.9m
of which Other amounts payable: +€1.9m
- Trade debts +€1.4m
up €1.4m (+25.7%), from €5.3m to €6.7m
- Profit (loss) carried forward -€1.2m
down €1.2m (-60.9%), from €1.9m to €754,152
- Other debts -€264,194
down €264,194 (-43.5%), from €607,623 to €343,429
Income statement
- Turnover +€5.5m
up €5.5m (+19.5%), from €28.3m to €33.8m
- Goods and materials +€3.1m
up €3.1m (+22.4%), from €13.8m to €16.9m
of which Purchases: +€3.3m
- Services and other goods +€2.2m
up €2.2m (+36.2%), from €6.0m to €8.1m
- Staff costs +€943,516
up €943,516 (+15.4%), from €6.1m to €7.1m
- Provisions -€392,163
down €392,163, from €384,800 to -€7,363
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.
Result 2024
€1.3m
Turnover
+€5.5m
Other operating income
+€189,487
Goods and materials
-€3.1m
Services and other goods
-€2.2m
Staff costs
-€943,516
Depreciation
-€129,250
Provisions
+€392,163
Other operating charges
+€4,053
Other operating items
+€22,120
Financial income
+€9,569
Financial charges
-€44,374
Taxes
+€164,616
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.9m
Investment
-€2.8m
Financing
+€1.9m
Cash 2024
€2.3m
From operations (derived)
+€1.9m
Net result for the year
+€1.2m
Depreciation
+€538,960
Stocks and contracts
-€217,561
Receivables within one year
-€978,358
Deferred charges and accrued income
-€2,608
Provisions
-€7,363
Trade debts
+€1.4m
Tax, wage and social debts
+€241,799
Other debts
-€264,194
Accrued charges and deferred income
+€30,846
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€828,213
Current investments
-€2.0m
Financing
+€1.9m
Debts after one year
+€2.0m
Current portion of long-term debt
+€145,475
Short-term financial debts
-€753
Contributions, distributions and other
-€260,000
Cash 2025
€3.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,539,558 | €18,008,030 | +€4.5m | +33.0% |
| Fixed assets | 21/28 | €5,952,875 | €6,242,128 | +€289,253 | +4.9% |
| Intangible fixed assets | 21 | €45,655 | €65,821 | +€20,166 | +44.2% |
| Tangible fixed assets | 22/27 | €3,543,000 | €3,805,951 | +€262,951 | +7.4% |
| Plant, machinery and equipment | 23 | €1,211,617 | €1,421,075 | +€209,459 | +17.3% |
| Furniture and vehicles | 24 | €481,714 | €598,877 | +€117,163 | +24.3% |
| Other tangible fixed assets | 26 | €1,849,670 | €1,785,999 | -€63,671 | -3.4% |
| Financial fixed assets | 28 | €2,364,220 | €2,370,356 | +€6,136 | +0.3% |
| Affiliated companies | 280/1 | €2,342,000 | €2,342,000 | = | 0.0% |
| Participating interests | 280 | €2,342,000 | €2,342,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €22,220 | €28,356 | +€6,136 | +27.6% |
| Amounts receivable and cash guarantees | 285/8 | €22,220 | €28,356 | +€6,136 | +27.6% |
| Current assets | 29/58 | €7,586,683 | €11,765,902 | +€4.2m | +55.1% |
| Stocks and contracts in progress | 3 | €354,120 | €571,681 | +€217,561 | +61.4% |
| Stocks | 30/36 | €354,120 | €571,681 | +€217,561 | +61.4% |
| Raw materials and consumables | 30/31 | €341,240 | €519,480 | +€178,240 | +52.2% |
| Finished goods | 33 | €12,880 | €52,200 | +€39,321 | +305% |
| Amounts receivable within one year | 40/41 | €4,939,375 | €5,917,733 | +€978,358 | +19.8% |
| Trade receivables | 40 | €4,930,902 | €5,752,084 | +€821,181 | +16.7% |
| Other amounts receivable | 41 | €8,473 | €165,650 | +€157,177 | +1,855% |
| Current investments | 50/53 | - | €1,997,982 | +€2.0m | |
| Own shares | 50 | - | €1,997,982 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €2,266,537 | €3,249,247 | +€982,710 | +43.4% |
| Deferred charges and accrued income | 490/1 | €26,651 | €29,259 | +€2,608 | +9.8% |
| Total equity and liabilities | 10/49 | €13,539,558 | €18,008,030 | +€4.5m | +33.0% |
| Equity | 10/15 | €2,713,401 | €3,651,734 | +€938,333 | +34.6% |
| Contributions | 10/11 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Capital | 10 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Uncalled capital | 101 | €40,000 | - | -€40,000 | |
| Reserves | 13 | €623,450 | €2,697,582 | +€2.1m | +333% |
| Non-distributable reserves | 130/1 | €26,000 | €2,023,982 | +€2.0m | +7,685% |
| Legal reserve | 130 | €26,000 | €26,000 | = | 0.0% |
| Own shares acquired | 1312 | - | €1,997,982 | +€2.0m | |
| Tax-exempt reserves | 132 | €526,250 | €589,400 | +€63,150 | +12.0% |
| Distributable reserves | 133 | €71,200 | €84,200 | +€13,000 | +18.3% |
| Profit (loss) carried forward | 14 | €1,929,951 | €754,152 | -€1.2m | -60.9% |
| Provisions and deferred taxes | 16 | €413,442 | €406,078 | -€7,363 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €413,442 | €406,078 | -€7,363 | -1.8% |
| Other liabilities and charges | 164/5 | €413,442 | €406,078 | -€7,363 | -1.8% |
| Amounts payable | 17/49 | €10,412,716 | €13,950,217 | +€3.5m | +34.0% |
| Amounts payable after more than one year | 17 | €2,882,369 | €4,902,415 | +€2.0m | +70.1% |
| Financial debts | 170/4 | €2,882,369 | €2,985,433 | +€103,064 | +3.6% |
| Subordinated loans | 170 | €169,714 | €146,571 | -€23,143 | -13.6% |
| Credit institutions | 173 | €2,712,655 | €2,838,862 | +€126,207 | +4.7% |
| Other amounts payable | 178/9 | - | €1,916,982 | +€1.9m | |
| Amounts payable within one year | 42/48 | €7,530,346 | €9,016,957 | +€1.5m | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €489,656 | €635,130 | +€145,475 | +29.7% |
| Financial debts | 43 | €335,467 | €334,714 | -€753 | -0.2% |
| Credit institutions | 430/8 | €335,467 | €334,714 | -€753 | -0.2% |
| Trade debts | 44 | €5,301,533 | €6,665,816 | +€1.4m | +25.7% |
| Suppliers | 440/4 | €5,301,533 | €6,665,816 | +€1.4m | +25.7% |
| Taxes, remuneration and social security | 45 | €796,068 | €1,037,867 | +€241,799 | +30.4% |
| Taxes | 450/3 | €272,658 | €144,607 | -€128,051 | -47.0% |
| Remuneration and social security | 454/9 | €523,410 | €893,260 | +€369,851 | +70.7% |
| Other amounts payable | 47/48 | €607,623 | €343,429 | -€264,194 | -43.5% |
| Accrued charges and deferred income | 492/3 | - | €30,846 | +€30,846 | |
| Operating income | 70/76A | €28,712,173 | €34,457,335 | +€5.7m | +20.0% |
| Turnover | 70 | €28,280,214 | €33,791,305 | +€5.5m | +19.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,263 | €39,321 | +€44,584 | |
| Other operating income | 74 | €437,222 | €626,709 | +€189,487 | +43.3% |
| Operating charges | 60/66A | €26,680,639 | €32,621,792 | +€5.9m | +22.3% |
| Goods for resale, raw materials and consumables | 60 | €13,773,256 | €16,861,547 | +€3.1m | +22.4% |
| Purchases | 600/8 | €13,782,591 | €17,039,786 | +€3.3m | +23.6% |
| Change in stocks: decrease (increase) | 609 | -€9,335 | -€178,240 | -€168,905 | -1,809% |
| Services and other goods | 61 | €5,951,932 | €8,105,780 | +€2.2m | +36.2% |
| Remuneration, social security and pensions | 62 | €6,142,176 | €7,085,692 | +€943,516 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409,710 | €538,960 | +€129,250 | +31.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €384,800 | -€7,363 | -€392,163 | |
| Other operating charges | 640/8 | €18,766 | €14,713 | -€4,053 | -21.6% |
| Non-recurring operating charges | 66A | - | €22,464 | +€22,464 | |
| Operating profit (loss) | 9901 | €2,031,534 | €1,835,543 | -€195,992 | -9.6% |
| Financial income | 75/76B | €7,335 | €16,905 | +€9,569 | +130% |
| Recurring financial income | 75 | €7,335 | €16,905 | +€9,569 | +130% |
| Income from current assets | 751 | €3,697 | €12,177 | +€8,479 | +229% |
| Other financial income | 752/9 | €3,638 | €4,728 | +€1,090 | +30.0% |
| Financial charges | 65/66B | €130,492 | €174,865 | +€44,374 | +34.0% |
| Recurring financial charges | 65 | €130,492 | €174,865 | +€44,374 | +34.0% |
| Debt charges | 650 | €107,749 | €137,795 | +€30,045 | +27.9% |
| Other financial charges | 652/9 | €22,742 | €37,071 | +€14,328 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €1,908,378 | €1,677,582 | -€230,796 | -12.1% |
| Income taxes | 67/77 | €643,864 | €479,248 | -€164,616 | -25.6% |
| Taxes | 670/3 | €648,467 | €479,248 | -€169,218 | -26.1% |
| Tax adjustments and reversals of tax provisions | 77 | €4,602 | - | -€4,602 | |
| Profit (loss) for the period | 9904 | €1,264,513 | €1,198,333 | -€66,180 | -5.2% |
| Transfer from tax-exempt reserves | 789 | €71,200 | €84,200 | +€13,000 | +18.3% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €147,350 | -€63,150 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,125,213 | €1,135,183 | +€9,970 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.