Duroc: 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.
What changed
Duroc
NACE 25.510, Coating of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,917
2024 · €182,302-€186,218
Equity
€1.8m
2024 · €1.8m-€3,917
Cash
€42,993
2024 · €81,897-€38,905
Balance sheet total
€4.7m
2024 · €4.7m+€43,624
Largest movements
Assets
- Tangible fixed assets +€367,424
up €367,424 (+23.8%), from €1.5m to €1.9m
of which Plant, machinery and equipment: +€298,066
- Receivables after one year -€302,911
down €302,911 (-50.3%), from €601,946 to €299,035
- Receivables within one year +€47,842
up €47,842 (+5.4%), from €883,802 to €931,644
of which Other amounts receivable: +€28,092
Equity and liabilities
- Other debts -€180,000
down €180,000 (-100.0%), from €180,000 to €0
- Tax, wage and social debts +€119,024
up €119,024 (+94.4%), from €126,036 to €245,060
of which Remuneration and social security: +€100,167
- Trade debts +€106,368
up €106,368 (+49.2%), from €216,325 to €322,694
- Short-term financial debts -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Debts after one year +€53,364
up €53,364 (+3.4%), from €1.6m to €1.6m
of which Financial debts: +€56,054
Income statement
- Turnover -€5.0m
no longer reported in 2025 (was €5.0m)
- Gross operating margin +€2.0m
new in 2025: €2.0m
- Services and other goods -€1.9m
no longer reported in 2025 (was €1.9m)
- Goods and materials -€983,053
no longer reported in 2025 (was €983,053)
of which Purchases: -€890,117
- Staff costs -€79,283
down €79,283 (-4.6%), from €1.7m to €1.6m
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
€182,302
Turnover
-€5.0m
Other operating income
-€48,758
Goods and materials
+€983,053
Services and other goods
+€1.9m
Staff costs
+€79,283
Depreciation
-€46,819
Other operating charges
+€566
Other operating items
+€1.9m
Financial income
-€2,642
Financial charges
-€1,507
Taxes
-€4,597
Result 2025
-€3,917
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.
From operations
+€534,868
Investment
-€584,079
Financing
+€10,306
Cash 2024
€81,897
From operations (derived)
+€534,868
Net result for the year
-€3,917
Depreciation
+€223,334
Receivables after one year
+€302,911
Stocks and contracts
+€23,890
Receivables within one year
-€47,842
Deferred charges and accrued income
-€742
Trade debts
+€106,368
Tax, wage and social debts
+€119,024
Other debts
-€180,000
Accrued charges and deferred income
-€8,158
Investment (derived)
-€584,079
Investment in fixed assets (net)
-€584,079
Financing
+€10,306
Debts after one year
+€53,364
Current portion of long-term debt
+€36,942
Short-term financial debts
-€80,000
Cash 2025
€42,993
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,670,663 | €4,714,287 | +€43,624 | +0.9% |
| Fixed assets | 21/28 | €2,759,083 | €3,119,828 | +€360,745 | +13.1% |
| Intangible fixed assets | 21 | €15,030 | €8,351 | -€6,679 | -44.4% |
| Tangible fixed assets | 22/27 | €1,543,223 | €1,910,647 | +€367,424 | +23.8% |
| Land and buildings | 22 | €984,994 | €952,544 | -€32,450 | -3.3% |
| Plant, machinery and equipment | 23 | €531,500 | €829,566 | +€298,066 | +56.1% |
| Furniture and vehicles | 24 | €26,730 | €110,352 | +€83,623 | +312.8% |
| Assets under construction and advance payments | 27 | - | €18,185 | +€18,185 | |
| Financial fixed assets | 28 | €1,200,830 | €1,200,830 | = | 0.0% |
| Affiliated companies | 280/1 | €1,200,000 | - | -€1.2m | |
| Participating interests | 280 | €1,200,000 | - | -€1.2m | |
| Other financial fixed assets | 284/8 | €830 | - | -€830 | |
| Shares | 284 | €580 | - | -€580 | |
| Amounts receivable and cash guarantees | 285/8 | €250 | - | -€250 | |
| Current assets | 29/58 | €1,911,580 | €1,594,459 | -€317,121 | -16.6% |
| Amounts receivable after more than one year | 29 | €601,946 | €299,035 | -€302,911 | -50.3% |
| Other amounts receivable | 291 | €601,946 | €299,035 | -€302,911 | -50.3% |
| Stocks and contracts in progress | 3 | €300,624 | €276,734 | -€23,890 | -7.9% |
| Stocks | 30/36 | €219,198 | €228,168 | +€8,971 | +4.1% |
| Raw materials and consumables | 30/31 | €219,198 | - | -€219,198 | |
| Contracts in progress | 37 | €81,426 | €48,566 | -€32,860 | -40.4% |
| Amounts receivable within one year | 40/41 | €883,802 | €931,644 | +€47,842 | +5.4% |
| Trade receivables | 40 | €864,125 | €883,876 | +€19,751 | +2.3% |
| Other amounts receivable | 41 | €19,677 | €47,769 | +€28,092 | +142.8% |
| Cash at bank and in hand | 54/58 | €81,897 | €42,993 | -€38,905 | -47.5% |
| Deferred charges and accrued income | 490/1 | €43,311 | €44,053 | +€742 | +1.7% |
| Total equity and liabilities | 10/49 | €4,670,663 | €4,714,287 | +€43,624 | +0.9% |
| Equity | 10/15 | €1,826,130 | €1,822,213 | -€3,917 | -0.2% |
| Contributions | 10/11 | €282,093 | €282,093 | = | 0.0% |
| Capital | 10 | €202,500 | €202,500 | = | 0.0% |
| Issued capital | 100 | €202,500 | €202,500 | = | 0.0% |
| Outside capital | 11 | €79,593 | €79,593 | = | 0.0% |
| Share premium | 1100/10 | €79,593 | €79,593 | = | 0.0% |
| Revaluation surpluses | 12 | €146,713 | €146,713 | = | 0.0% |
| Reserves | 13 | €995,250 | €995,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €365,250 | €365,250 | = | 0.0% |
| Legal reserve | 130 | €20,250 | €20,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €345,000 | €345,000 | = | 0.0% |
| Distributable reserves | 133 | €630,000 | €630,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402,074 | €398,157 | -€3,917 | -1.0% |
| Provisions and deferred taxes | 16 | €450,000 | €450,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €450,000 | €450,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,394,533 | €2,442,074 | +€47,541 | +2.0% |
| Amounts payable after more than one year | 17 | €1,563,707 | €1,617,071 | +€53,364 | +3.4% |
| Financial debts | 170/4 | €1,561,017 | €1,617,071 | +€56,054 | +3.6% |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Credit institutions | 173 | €1,561,017 | - | -€1.6m | |
| Other amounts payable | 178/9 | €2,690 | €0 | -€2,690 | -100.0% |
| Amounts payable within one year | 42/48 | €792,251 | €794,585 | +€2,334 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €189,890 | €226,832 | +€36,942 | +19.5% |
| Financial debts | 43 | €80,000 | €0 | -€80,000 | -100.0% |
| Other loans | 439 | €80,000 | €0 | -€80,000 | -100.0% |
| Trade debts | 44 | €216,325 | €322,694 | +€106,368 | +49.2% |
| Suppliers | 440/4 | €216,325 | €322,694 | +€106,368 | +49.2% |
| Taxes, remuneration and social security | 45 | €126,036 | €245,060 | +€119,024 | +94.4% |
| Taxes | 450/3 | €11,723 | €30,581 | +€18,858 | +160.9% |
| Remuneration and social security | 454/9 | €114,312 | €214,479 | +€100,167 | +87.6% |
| Other amounts payable | 47/48 | €180,000 | €0 | -€180,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €38,575 | €30,417 | -€8,158 | -21.1% |
| Operating income | 70/76A | €5,127,398 | - | -€5.1m | |
| Turnover | 70 | €5,008,954 | - | -€5.0m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €34,044 | - | -€34,044 | |
| Other operating income | 74 | €48,758 | - | -€48,758 | |
| Non-recurring operating income | 76A | €35,641 | €516 | -€35,126 | -98.6% |
| Operating charges | 60/66A | €4,881,257 | - | -€4.9m | |
| Goods for resale, raw materials and consumables | 60 | €983,053 | - | -€983,053 | |
| Purchases | 600/8 | €890,117 | - | -€890,117 | |
| Change in stocks: decrease (increase) | 609 | €92,936 | - | -€92,936 | |
| Services and other goods | 61 | €1,922,566 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €1,722,443 | €1,643,160 | -€79,283 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,514 | €223,334 | +€46,819 | +26.5% |
| Other operating charges | 640/8 | €76,680 | €76,114 | -€566 | -0.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | - | €2,011,276 | +€2.0m | |
| Operating profit (loss) | 9901 | €246,141 | €68,669 | -€177,472 | -72.1% |
| Financial income | 75/76B | €14,041 | €11,399 | -€2,642 | -18.8% |
| Recurring financial income | 75 | €14,041 | €11,399 | -€2,642 | -18.8% |
| Income from financial fixed assets | 750 | €7,490 | - | -€7,490 | |
| Other financial income | 752/9 | €6,551 | - | -€6,551 | |
| Financial charges | 65/66B | €68,544 | €70,051 | +€1,507 | +2.2% |
| Recurring financial charges | 65 | €65,907 | €70,051 | +€4,144 | +6.3% |
| Debt charges | 650 | €46,070 | - | -€46,070 | |
| Other financial charges | 652/9 | €19,837 | - | -€19,837 | |
| Non-recurring financial charges | 66B | €2,637 | €0 | -€2,637 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €191,638 | €10,016 | -€181,621 | -94.8% |
| Income taxes | 67/77 | €9,336 | €13,933 | +€4,597 | +49.2% |
| Taxes | 670/3 | €11,723 | - | -€11,723 | |
| Tax adjustments and reversals of tax provisions | 77 | €2,387 | - | -€2,387 | |
| Profit (loss) for the period | 9904 | €182,302 | -€3,917 | -€186,218 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €182,302 | -€3,917 | -€186,218 |
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 3 October 2026 via checked.be.