DURECO: 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.
DURECO
Largest movements
- Stocks and contracts -€204,411
no longer reported in 2025 (was €204,411)
- Receivables within one year -€36,610
down €36,610 (-76.9%), from €47,619 to €11,009
of which Trade receivables: -€36,810
- Cash +€31,695
up €31,695 (+192.5%), from €16,468 to €48,163
mainly Stocks and contracts (+€204,411) and Receivables within one year (+€36,610)
- Deferred charges and accrued income -€9,691
down €9,691 (-80.2%), from €12,082 to €2,391
- Profit (loss) carried forward -€90,161
down €90,161 (-36.3%), from -€248,688 to -€338,849
- Other debts -€60,000
down €60,000 (-16.7%), from €359,108 to €299,108
- Trade debts -€52,261
down €52,261 (-94.5%), from €55,297 to €3,036
- Tax, wage and social debts -€16,211
down €16,211 (-59.5%), from €27,245 to €11,034
of which Remuneration and social security: -€8,909
- Staff costs -€107,344
down €107,344 (-53.3%), from €201,336 to €93,992
- Gross operating margin -€72,198
down €72,198 (-72.3%), from €99,811 to €27,613
- Financial charges -€3,839
down €3,839 (-24.8%), from €15,506 to €11,667
- Depreciation -€1,823
down €1,823 (-53.1%), from €3,434 to €1,611
- Other operating charges +€1,687
up €1,687 (+18.7%), from €9,017 to €10,704
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 | €294,191 | €73,493 | -€220,698 | -75.0% |
| Fixed assets | 21/28 | €13,611 | €11,930 | -€1,681 | -12.4% |
| Tangible fixed assets | 22/27 | €12,404 | €10,792 | -€1,612 | -13.0% |
| Plant, machinery and equipment | 23 | €1,358 | €791 | -€567 | -41.8% |
| Furniture and vehicles | 24 | €2,408 | €2,408 | -€0 | 0.0% |
| Other tangible fixed assets | 26 | €8,637 | €7,593 | -€1,044 | -12.1% |
| Financial fixed assets | 28 | €1,207 | €1,138 | -€69 | -5.7% |
| Current assets | 29/58 | €280,580 | €61,563 | -€219,017 | -78.1% |
| Stocks and contracts in progress | 3 | €204,411 | - | -€204,411 | |
| Stocks | 30/36 | €204,411 | - | -€204,411 | |
| Amounts receivable within one year | 40/41 | €47,619 | €11,009 | -€36,610 | -76.9% |
| Trade receivables | 40 | €47,392 | €10,582 | -€36,810 | -77.7% |
| Other amounts receivable | 41 | €228 | €427 | +€199 | +87.6% |
| Cash at bank and in hand | 54/58 | €16,468 | €48,163 | +€31,695 | +192.5% |
| Deferred charges and accrued income | 490/1 | €12,082 | €2,391 | -€9,691 | -80.2% |
| Total equity and liabilities | 10/49 | €294,191 | €73,493 | -€220,698 | -75.0% |
| Equity | 10/15 | -€149,600 | -€239,760 | -€90,160 | -60.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €37,588 | €37,589 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €17,588 | €17,589 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€248,688 | -€338,849 | -€90,161 | -36.3% |
| Amounts payable | 17/49 | €443,791 | €313,253 | -€130,538 | -29.4% |
| Amounts payable within one year | 42/48 | €442,608 | €313,228 | -€129,380 | -29.2% |
| Trade debts | 44 | €55,297 | €3,036 | -€52,261 | -94.5% |
| Suppliers | 440/4 | €55,297 | €3,036 | -€52,261 | -94.5% |
| Advances received on contracts in progress | 46 | €958 | €50 | -€908 | -94.8% |
| Taxes, remuneration and social security | 45 | €27,245 | €11,034 | -€16,211 | -59.5% |
| Taxes | 450/3 | €11,615 | €4,314 | -€7,301 | -62.9% |
| Remuneration and social security | 454/9 | €15,629 | €6,720 | -€8,909 | -57.0% |
| Other amounts payable | 47/48 | €359,108 | €299,108 | -€60,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €1,183 | €25 | -€1,158 | -97.9% |
| Remuneration, social security and pensions | 62 | €201,336 | €93,992 | -€107,344 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €1,611 | -€1,823 | -53.1% |
| Other operating charges | 640/8 | €9,017 | €10,704 | +€1,687 | +18.7% |
| Gross operating margin | 9900 | €99,811 | €27,613 | -€72,198 | -72.3% |
| Operating profit (loss) | 9901 | -€113,975 | -€78,694 | +€35,281 | +31.0% |
| Financial income | 75/76B | €5 | €200 | +€195 | +3776.0% |
| Recurring financial income | 75 | €5 | €200 | +€195 | +3776.0% |
| Financial charges | 65/66B | €15,506 | €11,667 | -€3,839 | -24.8% |
| Recurring financial charges | 65 | €15,506 | €11,667 | -€3,839 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€129,476 | -€90,161 | +€39,315 | +30.4% |
| Profit (loss) for the period | 9904 | -€129,476 | -€90,161 | +€39,315 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€129,476 | -€90,161 | +€39,315 | +30.4% |
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 29 September 2026 via checked.be.