DUVANTEX: 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.
DUVANTEX
Largest movements
- Tangible fixed assets -€54,244
down €54,244 (-4.9%), from €1.1m to €1.1m
of which Land and buildings: -€56,088
- Other debts +€64,147
up €64,147 (+130%), from €49,421 to €113,567
- Advances received -€42,129
down €42,129 (-100%), from €42,129 to €0
- Tax, wage and social debts -€28,574
down €28,574 (-44.7%), from €63,911 to €35,336
- Trade debts -€24,689
down €24,689 (-41.1%), from €60,058 to €35,369
- Debts after one year -€23,383
down €23,383 (-4.8%), from €483,561 to €460,179
- Financial charges -€402,365
down €402,365 (-97.2%), from €414,052 to €11,687
of which Non-recurring financial charges: -€399,500
- Gross operating margin -€36,660
down €36,660 (-25.0%), from €146,893 to €110,233
- Depreciation +€15,911
up €15,911 (+36.9%), from €43,118 to €59,029
- Taxes -€15,430
down €15,430 (-63.8%), from €24,168 to €8,738
- Write-downs +€15,223
up €15,223 (+513%), from €2,970 to €18,193
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 | €1,154,601 | €1,094,198 | -€60,403 | -5.2% |
| Fixed assets | 21/28 | €1,109,676 | €1,055,432 | -€54,244 | -4.9% |
| Tangible fixed assets | 22/27 | €1,109,676 | €1,055,432 | -€54,244 | -4.9% |
| Land and buildings | 22 | €1,099,956 | €1,043,868 | -€56,088 | -5.1% |
| Plant, machinery and equipment | 23 | €6,393 | €9,288 | +€2,895 | +45.3% |
| Furniture and vehicles | 24 | €3,327 | €2,275 | -€1,052 | -31.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €44,925 | €38,766 | -€6,159 | -13.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €44,919 | €37,587 | -€7,332 | -16.3% |
| Trade receivables | 40 | €44,919 | €36,675 | -€8,244 | -18.4% |
| Other amounts receivable | 41 | - | €912 | +€912 | |
| Cash at bank and in hand | 54/58 | €6 | €0 | -€6 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €1,179 | +€1,179 | |
| Total equity and liabilities | 10/49 | €1,154,601 | €1,094,198 | -€60,403 | -5.2% |
| Equity | 10/15 | €390,197 | €398,256 | +€8,059 | +2.1% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Revaluation surpluses | 12 | €408,399 | €408,399 | = | 0.0% |
| Reserves | 13 | €20,406 | €20,406 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,851 | €1,851 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,851 | €1,851 | = | 0.0% |
| Distributable reserves | 133 | €18,555 | €18,555 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,208 | -€199,149 | +€8,059 | +3.9% |
| Amounts payable | 17/49 | €764,404 | €695,942 | -€68,462 | -9.0% |
| Amounts payable after more than one year | 17 | €483,561 | €460,179 | -€23,383 | -4.8% |
| Financial debts | 170/4 | €483,561 | €460,179 | -€23,383 | -4.8% |
| Amounts payable within one year | 42/48 | €276,952 | €233,437 | -€43,514 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €35,458 | €25,312 | -€10,146 | -28.6% |
| Financial debts | 43 | €25,975 | €23,852 | -€2,122 | -8.2% |
| Credit institutions | 430/8 | €25,975 | €23,852 | -€2,122 | -8.2% |
| Trade debts | 44 | €60,058 | €35,369 | -€24,689 | -41.1% |
| Suppliers | 440/4 | €60,058 | €35,369 | -€24,689 | -41.1% |
| Advances received on contracts in progress | 46 | €42,129 | €0 | -€42,129 | -100% |
| Taxes, remuneration and social security | 45 | €63,911 | €35,336 | -€28,574 | -44.7% |
| Taxes | 450/3 | €63,911 | €35,336 | -€28,574 | -44.7% |
| Other amounts payable | 47/48 | €49,421 | €113,567 | +€64,147 | +130% |
| Accrued charges and deferred income | 492/3 | €3,891 | €2,326 | -€1,565 | -40.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,118 | €59,029 | +€15,911 | +36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,970 | €18,193 | +€15,223 | +513% |
| Other operating charges | 640/8 | €3,280 | €4,549 | +€1,269 | +38.7% |
| Gross operating margin | 9900 | €146,893 | €110,233 | -€36,660 | -25.0% |
| Operating profit (loss) | 9901 | €97,525 | €28,462 | -€69,064 | -70.8% |
| Financial income | 75/76B | €0 | €22 | +€22 | |
| Recurring financial income | 75 | €0 | €22 | +€22 | |
| Financial charges | 65/66B | €414,052 | €11,687 | -€402,365 | -97.2% |
| Recurring financial charges | 65 | €14,552 | €11,687 | -€2,865 | -19.7% |
| Non-recurring financial charges | 66B | €399,500 | €0 | -€399,500 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€316,526 | €16,797 | +€333,323 | |
| Income taxes | 67/77 | €24,168 | €8,738 | -€15,430 | -63.8% |
| Profit (loss) for the period | 9904 | -€340,694 | €8,059 | +€348,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€340,694 | €8,059 | +€348,753 |
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 14 October 2026 via checked.be.