DUVACON: 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.
DUVACON
Largest movements
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Tangible fixed assets +€38,185
up €38,185 (+582%), from €6,563 to €44,748
- Cash +€13,550
up €13,550 (+25.3%), from €53,484 to €67,034
mainly Net result for the year (+€88,076) and Other debts (+€5,651)
- Reserves +€88,076
up €88,076 (+75.8%), from €116,220 to €204,295
- Other debts +€5,651
up €5,651 (+80.8%), from €6,996 to €12,647
- Tax, wage and social debts +€5,508
up €5,508 (+28.6%), from €19,236 to €24,744
- Gross operating margin -€49,064
down €49,064 (-26.7%), from €184,085 to €135,021
- Taxes -€12,379
down €12,379 (-22.0%), from €56,338 to €43,959
- Depreciation -€10,938
down €10,938 (-100%), from €10,938 to €0
- Financial income +€1,961
up €1,961 (+253%), from €774 to €2,735
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,652 | €276,774 | +€99,122 | +55.8% |
| Fixed assets | 21/28 | €6,603 | €44,788 | +€38,185 | +578% |
| Tangible fixed assets | 22/27 | €6,563 | €44,748 | +€38,185 | +582% |
| Furniture and vehicles | 24 | €6,563 | €44,748 | +€38,185 | +582% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €171,050 | €231,986 | +€60,936 | +35.6% |
| Amounts receivable within one year | 40/41 | €16,090 | €13,412 | -€2,678 | -16.6% |
| Trade receivables | 40 | €16,090 | €13,328 | -€2,763 | -17.2% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €53,484 | €67,034 | +€13,550 | +25.3% |
| Deferred charges and accrued income | 490/1 | €1,476 | €1,540 | +€64 | +4.3% |
| Total equity and liabilities | 10/49 | €177,652 | €276,774 | +€99,122 | +55.8% |
| Equity | 10/15 | €151,220 | €239,295 | +€88,076 | +58.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €116,220 | €204,295 | +€88,076 | +75.8% |
| Distributable reserves | 133 | €116,220 | €204,295 | +€88,076 | +75.8% |
| Amounts payable | 17/49 | €26,433 | €37,478 | +€11,046 | +41.8% |
| Amounts payable within one year | 42/48 | €26,433 | €37,478 | +€11,046 | +41.8% |
| Trade debts | 44 | €201 | €87 | -€113 | -56.6% |
| Suppliers | 440/4 | €201 | €87 | -€113 | -56.6% |
| Taxes, remuneration and social security | 45 | €19,236 | €24,744 | +€5,508 | +28.6% |
| Taxes | 450/3 | €19,236 | €24,744 | +€5,508 | +28.6% |
| Other amounts payable | 47/48 | €6,996 | €12,647 | +€5,651 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,938 | €0 | -€10,938 | -100% |
| Other operating charges | 640/8 | €1,331 | €878 | -€454 | -34.1% |
| Non-recurring operating charges | 66A | - | €4,713 | +€4,713 | |
| Gross operating margin | 9900 | €184,085 | €135,021 | -€49,064 | -26.7% |
| Operating profit (loss) | 9901 | €171,816 | €129,431 | -€42,385 | -24.7% |
| Financial income | 75/76B | €774 | €2,735 | +€1,961 | +253% |
| Recurring financial income | 75 | €774 | €2,735 | +€1,961 | +253% |
| Financial charges | 65/66B | €32 | €131 | +€99 | +304% |
| Recurring financial charges | 65 | €32 | €131 | +€99 | +304% |
| Profit (loss) for the period before taxes | 9903 | €172,557 | €132,035 | -€40,523 | -23.5% |
| Income taxes | 67/77 | €56,338 | €43,959 | -€12,379 | -22.0% |
| Profit (loss) for the period | 9904 | €116,220 | €88,076 | -€28,144 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,220 | €88,076 | -€28,144 | -24.2% |
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 26 October 2026 via checked.be.