Duval K-rrelage: what changed
Duval K-rrelage
Largest movements
- Cash +€26,700
up €26,700 (+61.8%), from €43,191 to €69,891
mainly Net result for the year (+€27,844) and Depreciation (+€6,400)
- Tangible fixed assets -€5,789
down €5,789 (-27.6%), from €20,971 to €15,182
of which Furniture and vehicles: -€5,775
- Receivables within one year -€3,749
down €3,749 (-37.3%), from €10,041 to €6,292
of which Trade receivables: -€4,769
- Profit (loss) carried forward +€27,011
up €27,011 (+89.7%), from €30,120 to €57,131
- Tax, wage and social debts -€5,952
down €5,952 (-79.6%), from €7,480 to €1,528
of which Taxes: -€7,452
- Trade debts -€2,060
down €2,060 (-69.3%), from €2,975 to €914
- Other debts -€1,510
down €1,510 (-6.4%), from €23,747 to €22,237
- Depreciation +€1,767
up €1,767 (+38.2%), from €4,632 to €6,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,321 | €91,809 | +€17,489 | +23.5% |
| Fixed assets | 21/28 | €21,027 | €15,238 | -€5,789 | -27.5% |
| Tangible fixed assets | 22/27 | €20,971 | €15,182 | -€5,789 | -27.6% |
| Plant, machinery and equipment | 23 | €1,615 | €1,601 | -€13 | -0.8% |
| Furniture and vehicles | 24 | €19,356 | €13,581 | -€5,775 | -29.8% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €53,294 | €76,571 | +€23,277 | +43.7% |
| Amounts receivable within one year | 40/41 | €10,041 | €6,292 | -€3,749 | -37.3% |
| Trade receivables | 40 | €8,294 | €3,526 | -€4,769 | -57.5% |
| Other amounts receivable | 41 | €1,747 | €2,766 | +€1,020 | +58.4% |
| Cash at bank and in hand | 54/58 | €43,191 | €69,891 | +€26,700 | +61.8% |
| Deferred charges and accrued income | 490/1 | €62 | €388 | +€327 | +531% |
| Total equity and liabilities | 10/49 | €74,321 | €91,809 | +€17,489 | +23.5% |
| Equity | 10/15 | €40,120 | €67,131 | +€27,011 | +67.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,120 | €57,131 | +€27,011 | +89.7% |
| Amounts payable | 17/49 | €34,201 | €24,678 | -€9,523 | -27.8% |
| Amounts payable within one year | 42/48 | €34,201 | €24,678 | -€9,523 | -27.8% |
| Trade debts | 44 | €2,975 | €914 | -€2,060 | -69.3% |
| Suppliers | 440/4 | €2,975 | €914 | -€2,060 | -69.3% |
| Taxes, remuneration and social security | 45 | €7,480 | €1,528 | -€5,952 | -79.6% |
| Taxes | 450/3 | €7,480 | €28 | -€7,452 | -99.6% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €23,747 | €22,237 | -€1,510 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,632 | €6,400 | +€1,767 | +38.2% |
| Other operating charges | 640/8 | €475 | €647 | +€172 | +36.2% |
| Gross operating margin | 9900 | €42,722 | €42,469 | -€253 | -0.6% |
| Operating profit (loss) | 9901 | €37,615 | €35,422 | -€2,193 | -5.8% |
| Financial income | 75/76B | €1 | €7 | +€7 | +1,195% |
| Recurring financial income | 75 | €1 | €7 | +€7 | +1,195% |
| Financial charges | 65/66B | €16 | €352 | +€335 | +2,045% |
| Recurring financial charges | 65 | €16 | €352 | +€335 | +2,045% |
| Profit (loss) for the period before taxes | 9903 | €37,599 | €35,078 | -€2,521 | -6.7% |
| Income taxes | 67/77 | €7,480 | €7,234 | -€246 | -3.3% |
| Profit (loss) for the period | 9904 | €30,120 | €27,844 | -€2,275 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,120 | €27,844 | -€2,275 | -7.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.