Duverglo: 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.
Duverglo
Largest movements
- Cash -€42,482
down €42,482 (-75.7%), from €56,129 to €13,647
mainly Other debts (-€35,290) and Receivables within one year (-€26,102)
- Receivables within one year +€26,102
up €26,102 (+194%), from €13,472 to €39,574
of which Trade receivables: +€20,918
- Stocks and contracts -€2,370
down €2,370 (-68.6%), from €3,457 to €1,086
- Other debts -€35,290
down €35,290 (-52.9%), from €66,727 to €31,437
- Profit (loss) carried forward +€22,350
up €22,350, from €0 to €22,350
- Tax, wage and social debts -€3,653
down €3,653 (-79.2%), from €4,613 to €960
- Trade debts -€1,609
down €1,609 (-39.9%), from €4,036 to €2,427
- Gross operating margin -€13,278
down €13,278 (-28.3%), from €46,890 to €33,612
- Taxes -€1,381
down €1,381 (-15.8%), from €8,730 to €7,349
- Depreciation +€793
up €793 (+47.1%), from €1,683 to €2,477
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 | €80,915 | €62,703 | -€18,212 | -22.5% |
| Fixed assets | 21/28 | €7,857 | €8,396 | +€538 | +6.8% |
| Tangible fixed assets | 22/27 | €7,772 | €8,311 | +€538 | +6.9% |
| Plant, machinery and equipment | 23 | €7,772 | €5,870 | -€1,903 | -24.5% |
| Furniture and vehicles | 24 | - | €2,441 | +€2,441 | |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €73,057 | €54,308 | -€18,750 | -25.7% |
| Stocks and contracts in progress | 3 | €3,457 | €1,086 | -€2,370 | -68.6% |
| Stocks | 30/36 | €3,457 | €1,086 | -€2,370 | -68.6% |
| Amounts receivable within one year | 40/41 | €13,472 | €39,574 | +€26,102 | +194% |
| Trade receivables | 40 | €13,220 | €34,138 | +€20,918 | +158% |
| Other amounts receivable | 41 | €252 | €5,436 | +€5,183 | +2,057% |
| Cash at bank and in hand | 54/58 | €56,129 | €13,647 | -€42,482 | -75.7% |
| Total equity and liabilities | 10/49 | €80,915 | €62,703 | -€18,212 | -22.5% |
| Equity | 10/15 | €3,000 | €25,350 | +€22,350 | +745% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €22,350 | +€22,350 | |
| Amounts payable | 17/49 | €77,915 | €37,353 | -€40,562 | -52.1% |
| Amounts payable within one year | 42/48 | €77,915 | €37,353 | -€40,562 | -52.1% |
| Financial debts | 43 | €2,539 | €2,530 | -€9 | -0.4% |
| Credit institutions | 430/8 | €2,539 | €2,530 | -€9 | -0.4% |
| Trade debts | 44 | €4,036 | €2,427 | -€1,609 | -39.9% |
| Suppliers | 440/4 | €4,036 | €2,427 | -€1,609 | -39.9% |
| Taxes, remuneration and social security | 45 | €4,613 | €960 | -€3,653 | -79.2% |
| Taxes | 450/3 | €4,613 | €960 | -€3,653 | -79.2% |
| Other amounts payable | 47/48 | €66,727 | €31,437 | -€35,290 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,683 | €2,477 | +€793 | +47.1% |
| Other operating charges | 640/8 | €807 | €1,144 | +€336 | +41.7% |
| Gross operating margin | 9900 | €46,890 | €33,612 | -€13,278 | -28.3% |
| Operating profit (loss) | 9901 | €44,399 | €29,991 | -€14,407 | -32.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €403 | €292 | -€111 | -27.5% |
| Recurring financial charges | 65 | €403 | €292 | -€111 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €43,997 | €29,699 | -€14,298 | -32.5% |
| Income taxes | 67/77 | €8,730 | €7,349 | -€1,381 | -15.8% |
| Profit (loss) for the period | 9904 | €35,267 | €22,350 | -€12,917 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,267 | €22,350 | -€12,917 | -36.6% |
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 15 October 2026 via checked.be.