DUVIVIER: 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.
DUVIVIER
Largest movements
- Receivables within one year -€758,120
down €758,120 (-29.5%), from €2.6m to €1.8m
of which Trade receivables: -€835,328
- Tangible fixed assets -€232,311
down €232,311 (-35.4%), from €656,660 to €424,349
of which Assets under construction and advance payments: -€121,320
- Intangible fixed assets +€177,657
up €177,657 (+2,251%), from €7,892 to €185,549
- Stocks and contracts +€146,351
up €146,351 (+6.7%), from €2.2m to €2.3m
of which Contracts in progress: +€259,410
- Cash +€88,595
up €88,595 (+12,273%), from €722 to €89,316
mainly Receivables within one year (+€758,120) and Depreciation (+€235,095)
- Trade debts -€426,274
down €426,274 (-22.5%), from €1.9m to €1.5m
- Other debts -€299,998
down €299,998 (-55.6%), from €539,998 to €240,000
- Reserves +€231,591
up €231,591 (+10.3%), from €2.3m to €2.5m
- Tax, wage and social debts -€208,034
down €208,034 (-48.4%), from €430,015 to €221,982
of which Taxes: -€141,912
- Short-term financial debts +€144,105
up €144,105 (+79.4%), from €181,408 to €325,513
- Turnover -€1.8m
down €1.8m (-12.3%), from €14.9m to €13.1m
- Goods and materials -€927,369
down €927,369 (-9.3%), from €10.0m to €9.1m
of which Purchases: -€794,993
- Staff costs -€254,731
down €254,731 (-11.6%), from €2.2m to €1.9m
- Taxes -€169,077
down €169,077 (-64.5%), from €262,169 to €93,092
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,431,610 | €4,863,407 | -€568,203 | -10.5% |
| Fixed assets | 21/28 | €664,551 | €609,897 | -€54,654 | -8.2% |
| Intangible fixed assets | 21 | €7,892 | €185,549 | +€177,657 | +2,251% |
| Tangible fixed assets | 22/27 | €656,660 | €424,349 | -€232,311 | -35.4% |
| Land and buildings | 22 | €183,120 | €185,851 | +€2,732 | +1.5% |
| Plant, machinery and equipment | 23 | €300,584 | €196,159 | -€104,425 | -34.7% |
| Furniture and vehicles | 24 | €51,636 | €42,339 | -€9,297 | -18.0% |
| Assets under construction and advance payments | 27 | €121,320 | - | -€121,320 | |
| Current assets | 29/58 | €4,767,059 | €4,253,509 | -€513,549 | -10.8% |
| Stocks and contracts in progress | 3 | €2,185,522 | €2,331,873 | +€146,351 | +6.7% |
| Stocks | 30/36 | €2,185,522 | €2,072,463 | -€113,059 | -5.2% |
| Goods purchased for resale | 34 | €2,185,522 | €2,072,463 | -€113,059 | -5.2% |
| Contracts in progress | 37 | - | €259,410 | +€259,410 | |
| Amounts receivable within one year | 40/41 | €2,569,858 | €1,811,739 | -€758,120 | -29.5% |
| Trade receivables | 40 | €2,569,858 | €1,734,530 | -€835,328 | -32.5% |
| Other amounts receivable | 41 | - | €77,208 | +€77,208 | |
| Cash at bank and in hand | 54/58 | €722 | €89,316 | +€88,595 | +12,273% |
| Deferred charges and accrued income | 490/1 | €10,956 | €20,581 | +€9,625 | +87.8% |
| Total equity and liabilities | 10/49 | €5,431,610 | €4,863,407 | -€568,203 | -10.5% |
| Equity | 10/15 | €2,334,370 | €2,565,961 | +€231,591 | +9.9% |
| Contributions | 10/11 | €56,800 | €56,800 | = | 0.0% |
| Reserves | 13 | €2,252,430 | €2,484,021 | +€231,591 | +10.3% |
| Distributable reserves | 133 | €2,252,430 | €2,484,021 | +€231,591 | +10.3% |
| Profit (loss) carried forward | 14 | €25,140 | €25,140 | = | 0.0% |
| Provisions and deferred taxes | 16 | €38,471 | €38,471 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,471 | €38,471 | = | 0.0% |
| Other liabilities and charges | 164/5 | €38,471 | €38,471 | = | 0.0% |
| Amounts payable | 17/49 | €3,058,768 | €2,258,975 | -€799,794 | -26.1% |
| Amounts payable within one year | 42/48 | €3,048,177 | €2,257,976 | -€790,201 | -25.9% |
| Financial debts | 43 | €181,408 | €325,513 | +€144,105 | +79.4% |
| Credit institutions | 430/8 | €181,408 | €325,513 | +€144,105 | +79.4% |
| Trade debts | 44 | €1,896,756 | €1,470,481 | -€426,274 | -22.5% |
| Suppliers | 440/4 | €1,896,756 | €1,470,481 | -€426,274 | -22.5% |
| Taxes, remuneration and social security | 45 | €430,015 | €221,982 | -€208,034 | -48.4% |
| Taxes | 450/3 | €183,822 | €41,910 | -€141,912 | -77.2% |
| Remuneration and social security | 454/9 | €246,193 | €180,072 | -€66,121 | -26.9% |
| Other amounts payable | 47/48 | €539,998 | €240,000 | -€299,998 | -55.6% |
| Accrued charges and deferred income | 492/3 | €10,591 | €998 | -€9,593 | -90.6% |
| Operating income | 70/76A | €15,052,594 | €13,513,219 | -€1.5m | -10.2% |
| Turnover | 70 | €14,937,480 | €13,104,297 | -€1.8m | -12.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €259,410 | +€259,410 | |
| Other operating income | 74 | €98,856 | €143,521 | +€44,664 | +45.2% |
| Non-recurring operating income | 76A | €16,258 | €5,992 | -€10,265 | -63.1% |
| Operating charges | 60/66A | €14,098,752 | €13,129,460 | -€969,292 | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €10,002,849 | €9,075,480 | -€927,369 | -9.3% |
| Purchases | 600/8 | €9,757,413 | €8,962,421 | -€794,993 | -8.1% |
| Change in stocks: decrease (increase) | 609 | €245,436 | €113,059 | -€132,377 | -53.9% |
| Services and other goods | 61 | €1,750,991 | €1,774,992 | +€24,001 | +1.4% |
| Remuneration, social security and pensions | 62 | €2,197,714 | €1,942,983 | -€254,731 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,753 | €235,095 | +€75,342 | +47.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€38,003 | €74,372 | +€112,376 | |
| Other operating charges | 640/8 | €21,938 | €22,223 | +€285 | +1.3% |
| Non-recurring operating charges | 66A | €3,510 | €4,314 | +€804 | +22.9% |
| Operating profit (loss) | 9901 | €953,842 | €383,759 | -€570,083 | -59.8% |
| Financial income | 75/76B | €936 | €50 | -€886 | -94.6% |
| Recurring financial income | 75 | €936 | €50 | -€886 | -94.6% |
| Other financial income | 752/9 | €936 | €50 | -€886 | -94.6% |
| Financial charges | 65/66B | €57,762 | €59,126 | +€1,365 | +2.4% |
| Recurring financial charges | 65 | €57,762 | €59,126 | +€1,365 | +2.4% |
| Debt charges | 650 | €25,556 | €26,219 | +€663 | +2.6% |
| Other financial charges | 652/9 | €32,206 | €32,908 | +€702 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €897,016 | €324,683 | -€572,333 | -63.8% |
| Income taxes | 67/77 | €262,169 | €93,092 | -€169,077 | -64.5% |
| Taxes | 670/3 | €262,169 | €93,092 | -€169,077 | -64.5% |
| Profit (loss) for the period | 9904 | €634,847 | €231,591 | -€403,257 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €634,847 | €231,591 | -€403,257 | -63.5% |
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 22 October 2026 via checked.be.