DUVERCO: 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.
DUVERCO
Largest movements
- Tangible fixed assets -€53,225
down €53,225 (-2.6%), from €2.0m to €2.0m
of which Land and buildings: -€46,776
- Debts after one year -€81,358
down €81,358 (-13.5%), from €602,125 to €520,767
- Tax, wage and social debts +€42,197
up €42,197 (+288.3%), from €14,636 to €56,833
of which Taxes: +€42,502
- Reserves -€38,574
down €38,574 (-4.6%), from €834,874 to €796,300
of which Distributable reserves: -€38,574
- Other debts +€28,632
up €28,632 (+6.0%), from €480,503 to €509,135
- Trade debts -€23,623
down €23,623 (-100.0%), from €23,623 to €0
- Depreciation -€9,916
down €9,916 (-8.1%), from €122,663 to €112,747
- Other operating charges +€6,105
up €6,105 (+76.4%), from €7,986 to €14,091
- Gross operating margin -€4,490
down €4,490 (-2.6%), from €169,465 to €164,975
- Taxes -€3,007
down €3,007 (-90.2%), from €3,333 to €326
- Financial charges +€2,461
up €2,461 (+7.1%), from €34,803 to €37,264
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.
Cash bridge derived
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 | €2,282,153 | €2,215,298 | -€66,855 | -2.9% |
| Fixed assets | 21/28 | €2,014,083 | €1,960,858 | -€53,225 | -2.6% |
| Tangible fixed assets | 22/27 | €2,014,083 | €1,960,858 | -€53,225 | -2.6% |
| Land and buildings | 22 | €2,006,018 | €1,959,242 | -€46,776 | -2.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,065 | €1,616 | -€6,449 | -80.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €268,070 | €254,440 | -€13,630 | -5.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €56,943 | €58,587 | +€1,644 | +2.9% |
| Trade receivables | 40 | €12,082 | €13,009 | +€927 | +7.7% |
| Other amounts receivable | 41 | €44,861 | €45,578 | +€717 | +1.6% |
| Cash at bank and in hand | 54/58 | €210,421 | €194,322 | -€16,099 | -7.7% |
| Deferred charges and accrued income | 490/1 | €707 | €1,531 | +€824 | +116.6% |
| Total equity and liabilities | 10/49 | €2,282,153 | €2,215,298 | -€66,855 | -2.9% |
| Equity | 10/15 | €1,057,223 | €1,019,216 | -€38,007 | -3.6% |
| Contributions | 10/11 | €221,670 | €221,670 | +€0 | 0.0% |
| Reserves | 13 | €834,874 | €796,300 | -€38,574 | -4.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €30,941 | €30,941 | -€0 | 0.0% |
| Distributable reserves | 133 | €803,933 | €765,359 | -€38,574 | -4.8% |
| Profit (loss) carried forward | 14 | €679 | €1,246 | +€567 | +83.5% |
| Amounts payable | 17/49 | €1,224,930 | €1,196,082 | -€28,848 | -2.4% |
| Amounts payable after more than one year | 17 | €602,125 | €520,767 | -€81,358 | -13.5% |
| Financial debts | 170/4 | €602,125 | €520,767 | -€81,358 | -13.5% |
| Amounts payable within one year | 42/48 | €598,793 | €647,349 | +€48,556 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €80,031 | €81,358 | +€1,327 | +1.7% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €23,623 | €0 | -€23,623 | -100.0% |
| Suppliers | 440/4 | €23,623 | €0 | -€23,623 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,636 | €56,833 | +€42,197 | +288.3% |
| Taxes | 450/3 | €14,331 | €56,833 | +€42,502 | +296.6% |
| Remuneration and social security | 454/9 | €305 | €0 | -€305 | -100.0% |
| Other amounts payable | 47/48 | €480,503 | €509,135 | +€28,632 | +6.0% |
| Accrued charges and deferred income | 492/3 | €24,012 | €27,966 | +€3,954 | +16.5% |
| Non-recurring operating income | 76A | €41,169 | €0 | -€41,169 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,663 | €112,747 | -€9,916 | -8.1% |
| Other operating charges | 640/8 | €7,986 | €14,091 | +€6,105 | +76.4% |
| Gross operating margin | 9900 | €169,465 | €164,975 | -€4,490 | -2.6% |
| Operating profit (loss) | 9901 | €38,815 | €38,138 | -€677 | -1.7% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €34,803 | €37,264 | +€2,461 | +7.1% |
| Recurring financial charges | 65 | €34,803 | €37,264 | +€2,461 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €4,013 | €893 | -€3,120 | -77.8% |
| Income taxes | 67/77 | €3,333 | €326 | -€3,007 | -90.2% |
| Profit (loss) for the period | 9904 | €679 | €567 | -€112 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €679 | €567 | -€112 | -16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.