DURECO: 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.
DURECO
Largest movements
- Cash -€357,756
down €357,756 (-54.3%), from €658,583 to €300,827
mainly Investment in fixed assets (net) (-€636,572) and Debts after one year (-€225,588)
- Tangible fixed assets +€235,414
up €235,414 (+10.2%), from €2.3m to €2.6m
of which Plant, machinery and equipment: +€139,837
- Receivables within one year +€44,245
up €44,245 (+5.8%), from €762,036 to €806,280
of which Trade receivables: +€57,775
- Debts after one year -€225,588
down €225,588 (-16.9%), from €1.3m to €1.1m
- Profit (loss) carried forward +€183,001
up €183,001 (+10.3%), from €1.8m to €2.0m
- Current portion of long-term debt -€45,432
down €45,432 (-15.9%), from €285,955 to €240,523
- Staff costs +€94,331
up €94,331 (+7.8%), from €1.2m to €1.3m
- Gross operating margin -€38,939
down €38,939 (-1.9%), from €2.0m to €2.0m
- Other operating charges -€21,438
down €21,438 (-29.1%), from €73,768 to €52,330
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 | €3,812,979 | €3,756,156 | -€56,823 | -1.5% |
| Fixed assets | 21/28 | €2,364,949 | €2,597,744 | +€232,795 | +9.8% |
| Intangible fixed assets | 21 | €8,958 | €6,300 | -€2,659 | -29.7% |
| Tangible fixed assets | 22/27 | €2,318,057 | €2,553,470 | +€235,414 | +10.2% |
| Land and buildings | 22 | €1,134,242 | €1,197,016 | +€62,773 | +5.5% |
| Plant, machinery and equipment | 23 | €336,695 | €476,532 | +€139,837 | +41.5% |
| Furniture and vehicles | 24 | €706,882 | €782,311 | +€75,429 | +10.7% |
| Leasing and similar rights | 25 | €137,993 | €97,611 | -€40,381 | -29.3% |
| Assets under construction and advance payments | 27 | €2,245 | €0 | -€2,245 | -100.0% |
| Financial fixed assets | 28 | €37,934 | €37,974 | +€40 | +0.1% |
| Current assets | 29/58 | €1,448,030 | €1,158,412 | -€289,618 | -20.0% |
| Stocks and contracts in progress | 3 | €8,139 | €21,546 | +€13,407 | +164.7% |
| Stocks | 30/36 | €8,139 | €21,546 | +€13,407 | +164.7% |
| Amounts receivable within one year | 40/41 | €762,036 | €806,280 | +€44,245 | +5.8% |
| Trade receivables | 40 | €727,283 | €785,058 | +€57,775 | +7.9% |
| Other amounts receivable | 41 | €34,752 | €21,222 | -€13,530 | -38.9% |
| Cash at bank and in hand | 54/58 | €658,583 | €300,827 | -€357,756 | -54.3% |
| Deferred charges and accrued income | 490/1 | €19,272 | €29,758 | +€10,486 | +54.4% |
| Total equity and liabilities | 10/49 | €3,812,979 | €3,756,156 | -€56,823 | -1.5% |
| Equity | 10/15 | €1,893,209 | €2,101,998 | +€208,789 | +11.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,780,782 | €1,963,783 | +€183,001 | +10.3% |
| Investment grants | 15 | €87,427 | €113,215 | +€25,788 | +29.5% |
| Amounts payable | 17/49 | €1,919,770 | €1,654,158 | -€265,612 | -13.8% |
| Amounts payable after more than one year | 17 | €1,334,391 | €1,108,803 | -€225,588 | -16.9% |
| Financial debts | 170/4 | €1,334,391 | €1,108,803 | -€225,588 | -16.9% |
| Amounts payable within one year | 42/48 | €580,276 | €540,837 | -€39,439 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €285,955 | €240,523 | -€45,432 | -15.9% |
| Trade debts | 44 | €205,978 | €204,379 | -€1,599 | -0.8% |
| Suppliers | 440/4 | €205,978 | €204,379 | -€1,599 | -0.8% |
| Taxes, remuneration and social security | 45 | €88,342 | €95,935 | +€7,593 | +8.6% |
| Taxes | 450/3 | €1,131 | €11 | -€1,119 | -99.0% |
| Remuneration and social security | 454/9 | €87,211 | €95,923 | +€8,712 | +10.0% |
| Accrued charges and deferred income | 492/3 | €5,104 | €4,518 | -€585 | -11.5% |
| Remuneration, social security and pensions | 62 | €1,209,582 | €1,303,912 | +€94,331 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,569 | €403,777 | -€793 | -0.2% |
| Other operating charges | 640/8 | €73,768 | €52,330 | -€21,438 | -29.1% |
| Gross operating margin | 9900 | €2,008,736 | €1,969,797 | -€38,939 | -1.9% |
| Operating profit (loss) | 9901 | €320,818 | €209,778 | -€111,040 | -34.6% |
| Financial income | 75/76B | €16,801 | €15,438 | -€1,363 | -8.1% |
| Recurring financial income | 75 | €16,801 | €15,438 | -€1,363 | -8.1% |
| Financial charges | 65/66B | €36,521 | €42,215 | +€5,694 | +15.6% |
| Recurring financial charges | 65 | €36,521 | €42,215 | +€5,694 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €301,097 | €183,001 | -€118,096 | -39.2% |
| Profit (loss) for the period | 9904 | €301,097 | €183,001 | -€118,096 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €301,097 | €183,001 | -€118,096 | -39.2% |
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 11 October 2026 via checked.be.