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DUROVAN: 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

DUROVAN

BE 0432.275.451
NACE 17.230, Manufacture of paper and paper products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1,675
2024 · €1,787-€3,462
Equity
€43,649
2024 · €45,324-€1,675
Cash
€10,065
2024 · €10,723-€658
Balance sheet total
€80,750
2024 · €104,197-€23,447

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€32,889

    down €32,889 (-45.4%), from €72,420 to €39,531

    of which Trade receivables: -€33,155

  • Stocks and contracts +€10,100

    up €10,100 (+48.0%), from €21,053 to €31,153

Equity and liabilities
  • Trade debts -€18,815

    down €18,815 (-36.9%), from €50,926 to €32,111

  • Tax, wage and social debts -€2,957

    down €2,957 (-37.2%), from €7,947 to €4,990

    of which Taxes: -€3,168

  • Profit (loss) carried forward -€1,675

    down €1,675 (-50.4%), from €3,324 to €1,649

Income statement
  • Turnover -€119,002

    down €119,002 (-29.3%), from €405,725 to €286,723

  • Purchases and services -€116,555

    down €116,555 (-33.3%), from €350,438 to €233,882

From the 2024 result to the 2025 result

effect on the 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 €1,787
Gross operating margin -€2,447
Staff costs -€1,114
Other operating charges -€12
Financial income +€2
Financial charges -€395
Taxes +€505
Result 2025 -€1,675

Cash bridge derived

cash 2024 to 2025

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 -€658
Investment €0
Financing €0
Cash 2024 €10,723
Net result for the year -€1,675
Stocks and contracts -€10,100
Receivables within one year +€32,889
Trade debts -€18,815
Tax, wage and social debts -€2,957
Cash 2025 €10,065
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €104,197 €80,750 -€23,447 -22.5%
Current assets 29/58 €104,197 €80,750 -€23,447 -22.5%
Stocks and contracts in progress 3 €21,053 €31,153 +€10,100 +48.0%
Stocks 30/36 €21,053 €31,153 +€10,100 +48.0%
Amounts receivable within one year 40/41 €72,420 €39,531 -€32,889 -45.4%
Trade receivables 40 €72,400 €39,245 -€33,155 -45.8%
Other amounts receivable 41 €20 €286 +€266 +1330.3%
Cash at bank and in hand 54/58 €10,723 €10,065 -€658 -6.1%
Total equity and liabilities 10/49 €104,197 €80,750 -€23,447 -22.5%
Equity 10/15 €45,324 €43,649 -€1,675 -3.7%
Contributions 10/11 €20,000 €20,000 = 0.0%
Capital 10 €20,000 €20,000 = 0.0%
Issued capital 100 €20,000 €20,000 = 0.0%
Reserves 13 €22,000 €22,000 = 0.0%
Non-distributable reserves 130/1 €2,000 €2,000 = 0.0%
Legal reserve 130 €2,000 €2,000 = 0.0%
Distributable reserves 133 €20,000 €20,000 = 0.0%
Profit (loss) carried forward 14 €3,324 €1,649 -€1,675 -50.4%
Amounts payable 17/49 €58,873 €37,101 -€21,772 -37.0%
Amounts payable within one year 42/48 €58,873 €37,101 -€21,772 -37.0%
Trade debts 44 €50,926 €32,111 -€18,815 -36.9%
Suppliers 440/4 €50,926 €32,111 -€18,815 -36.9%
Taxes, remuneration and social security 45 €7,947 €4,990 -€2,957 -37.2%
Taxes 450/3 €4,562 €1,394 -€3,168 -69.4%
Remuneration and social security 454/9 €3,384 €3,596 +€211 +6.2%
Turnover 70 €405,725 €286,723 -€119,002 -29.3%
Goods, raw materials, services and sundry goods 60/61 €350,438 €233,882 -€116,555 -33.3%
Remuneration, social security and pensions 62 €51,558 €52,672 +€1,114 +2.2%
Other operating charges 640/8 €387 €400 +€12 +3.2%
Gross operating margin 9900 €55,287 €52,840 -€2,447 -4.4%
Operating profit (loss) 9901 €3,342 -€231 -€3,573
Financial income 75/76B €0 €2 +€2 +1683.3%
Recurring financial income 75 €0 €2 +€2 +1683.3%
Financial charges 65/66B €1,050 €1,446 +€395 +37.6%
Recurring financial charges 65 €1,050 €1,446 +€395 +37.6%
Profit (loss) for the period before taxes 9903 €2,292 -€1,675 -€3,967
Income taxes 67/77 €505 - -€505
Profit (loss) for the period 9904 €1,787 -€1,675 -€3,462
Profit (loss) for the period to be appropriated 9905 €1,787 -€1,675 -€3,462

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 28 September 2026 via checked.be.