DUVAN & CO: 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.
DUVAN & CO
Largest movements
- Tangible fixed assets -€10,712
down €10,712 (-9.0%), from €118,376 to €107,664
- Receivables within one year -€10,707
down €10,707 (-16.9%), from €63,401 to €52,693
of which Other amounts receivable: -€12,931
- Stocks and contracts -€8,757
down €8,757 (-2.4%), from €361,405 to €352,648
- Profit (loss) carried forward -€89,749
down €89,749 (-34.5%), from -€259,799 to -€349,548
- Trade debts +€60,969
up €60,969 (+34.6%), from €176,230 to €237,198
- Debts after one year +€22,033
up €22,033 (+7.1%), from €308,805 to €330,838
- Tax, wage and social debts -€12,057
down €12,057 (-86.0%), from €14,027 to €1,970
of which Remuneration and social security: -€9,612
- Gross operating margin -€4,690
down €4,690 (-42.8%), from €10,950 to €6,260
- Other operating charges +€3,954
up €3,954 (+431.5%), from €916 to €4,870
- Staff costs +€2,699
up €2,699 (+3.8%), from €70,206 to €72,905
- Financial charges -€1,431
down €1,431 (-19.5%), from €7,344 to €5,913
- Depreciation -€573
down €573 (-4.4%), from €12,901 to €12,329
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €550,103 | €523,968 | -€26,135 | -4.8% |
| Fixed assets | 21/28 | €121,269 | €110,557 | -€10,712 | -8.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €118,376 | €107,664 | -€10,712 | -9.0% |
| Plant, machinery and equipment | 23 | €36,108 | €31,311 | -€4,797 | -13.3% |
| Furniture and vehicles | 24 | €599 | €0 | -€599 | -100.0% |
| Other tangible fixed assets | 26 | €81,669 | €76,353 | -€5,316 | -6.5% |
| Financial fixed assets | 28 | €2,893 | €2,893 | = | 0.0% |
| Current assets | 29/58 | €428,834 | €413,411 | -€15,423 | -3.6% |
| Stocks and contracts in progress | 3 | €361,405 | €352,648 | -€8,757 | -2.4% |
| Stocks | 30/36 | €361,405 | €352,648 | -€8,757 | -2.4% |
| Amounts receivable within one year | 40/41 | €63,401 | €52,693 | -€10,707 | -16.9% |
| Trade receivables | 40 | €50,370 | €52,593 | +€2,223 | +4.4% |
| Other amounts receivable | 41 | €13,031 | €100 | -€12,931 | -99.2% |
| Cash at bank and in hand | 54/58 | €1,891 | €2,194 | +€303 | +16.0% |
| Deferred charges and accrued income | 490/1 | €2,137 | €5,875 | +€3,739 | +175.0% |
| Total equity and liabilities | 10/49 | €550,103 | €523,968 | -€26,135 | -4.8% |
| Equity | 10/15 | €5,201 | -€84,548 | -€89,749 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | - | -€200,000 | |
| Issued capital | 100 | €200,000 | - | -€200,000 | |
| Revaluation surpluses | 12 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,799 | -€349,548 | -€89,749 | -34.5% |
| Amounts payable | 17/49 | €544,902 | €608,516 | +€63,613 | +11.7% |
| Amounts payable after more than one year | 17 | €308,805 | €330,838 | +€22,033 | +7.1% |
| Financial debts | 170/4 | €308,805 | €330,838 | +€22,033 | +7.1% |
| Amounts payable within one year | 42/48 | €230,796 | €277,678 | +€46,882 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €40,540 | €38,510 | -€2,030 | -5.0% |
| Credit institutions | 430/8 | €40,540 | €38,510 | -€2,030 | -5.0% |
| Trade debts | 44 | €176,230 | €237,198 | +€60,969 | +34.6% |
| Suppliers | 440/4 | €176,230 | €237,198 | +€60,969 | +34.6% |
| Taxes, remuneration and social security | 45 | €14,027 | €1,970 | -€12,057 | -86.0% |
| Taxes | 450/3 | €2,445 | €0 | -€2,445 | -100.0% |
| Remuneration and social security | 454/9 | €11,582 | €1,970 | -€9,612 | -83.0% |
| Accrued charges and deferred income | 492/3 | €5,302 | €0 | -€5,302 | -100.0% |
| Remuneration, social security and pensions | 62 | €70,206 | €72,905 | +€2,699 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,901 | €12,329 | -€573 | -4.4% |
| Other operating charges | 640/8 | €916 | €4,870 | +€3,954 | +431.5% |
| Non-recurring operating charges | 66A | €1,980 | - | -€1,980 | |
| Gross operating margin | 9900 | €10,950 | €6,260 | -€4,690 | -42.8% |
| Operating profit (loss) | 9901 | -€75,053 | -€83,843 | -€8,790 | -11.7% |
| Financial income | 75/76B | €10 | €8 | -€2 | -21.7% |
| Recurring financial income | 75 | €10 | €8 | -€2 | -21.7% |
| Financial charges | 65/66B | €7,344 | €5,913 | -€1,431 | -19.5% |
| Recurring financial charges | 65 | €7,344 | €5,913 | -€1,431 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€82,387 | -€89,749 | -€7,361 | -8.9% |
| Income taxes | 67/77 | €120 | - | -€120 | |
| Profit (loss) for the period | 9904 | -€82,508 | -€89,749 | -€7,241 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,508 | -€89,749 | -€7,241 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.