DUVIVIER CONCEPT: 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 CONCEPT
Largest movements
- Cash +€195,637
up €195,637 (+52.1%), from €375,328 to €570,965
mainly Depreciation (+€110,186) and Other debts (+€60,909)
- Tangible fixed assets -€110,186
down €110,186 (-9.4%), from €1.2m to €1.1m
of which Land and buildings: -€78,972
- Receivables within one year +€22,118
up €22,118 (+46.5%), from €47,585 to €69,703
of which Other amounts receivable: +€25,891
- Other debts +€60,909
up €60,909 (+17.1%), from €356,984 to €417,893
- Reserves +€58,811
up €58,811 (+5.1%), from €1.2m to €1.2m
of which Distributable reserves: +€69,955
- Gross operating margin -€73,626
down €73,626 (-23.3%), from €316,629 to €243,004
- Taxes -€22,614
down €22,614 (-39.9%), from €56,742 to €34,128
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 | €1,594,100 | €1,703,375 | +€109,275 | +6.9% |
| Fixed assets | 21/28 | €1,169,092 | €1,058,906 | -€110,186 | -9.4% |
| Tangible fixed assets | 22/27 | €1,169,092 | €1,058,906 | -€110,186 | -9.4% |
| Land and buildings | 22 | €1,046,657 | €967,685 | -€78,972 | -7.5% |
| Plant, machinery and equipment | 23 | €3,503 | €2,593 | -€909 | -26.0% |
| Furniture and vehicles | 24 | €118,933 | €88,628 | -€30,305 | -25.5% |
| Current assets | 29/58 | €425,008 | €644,469 | +€219,462 | +51.6% |
| Amounts receivable within one year | 40/41 | €47,585 | €69,703 | +€22,118 | +46.5% |
| Trade receivables | 40 | €47,476 | €43,703 | -€3,773 | -7.9% |
| Other amounts receivable | 41 | €109 | €26,000 | +€25,891 | +23,707% |
| Cash at bank and in hand | 54/58 | €375,328 | €570,965 | +€195,637 | +52.1% |
| Deferred charges and accrued income | 490/1 | €2,095 | €3,801 | +€1,707 | +81.5% |
| Total equity and liabilities | 10/49 | €1,594,100 | €1,703,375 | +€109,275 | +6.9% |
| Equity | 10/15 | €1,173,305 | €1,232,116 | +€58,811 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,154,705 | €1,213,516 | +€58,811 | +5.1% |
| Tax-exempt reserves | 132 | €22,085 | €10,941 | -€11,145 | -50.5% |
| Distributable reserves | 133 | €1,132,620 | €1,202,575 | +€69,955 | +6.2% |
| Provisions and deferred taxes | 16 | €7,362 | €3,647 | -€3,715 | -50.5% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €7,362 | €3,647 | -€3,715 | -50.5% |
| Amounts payable | 17/49 | €413,433 | €467,612 | +€54,180 | +13.1% |
| Amounts payable within one year | 42/48 | €396,958 | €449,933 | +€52,975 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,362 | €15,005 | +€7,643 | +104% |
| Suppliers | 440/4 | €7,362 | €15,005 | +€7,643 | +104% |
| Taxes, remuneration and social security | 45 | €32,613 | €17,036 | -€15,577 | -47.8% |
| Taxes | 450/3 | €30,613 | €17,036 | -€13,577 | -44.4% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €356,984 | €417,893 | +€60,909 | +17.1% |
| Accrued charges and deferred income | 492/3 | €16,474 | €17,679 | +€1,205 | +7.3% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,605 | €110,186 | +€581 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,250 | €0 | +€2,250 | |
| Other operating charges | 640/8 | €19,271 | €17,340 | -€1,931 | -10.0% |
| Gross operating margin | 9900 | €316,629 | €243,004 | -€73,626 | -23.3% |
| Operating profit (loss) | 9901 | €190,003 | €115,478 | -€74,525 | -39.2% |
| Financial income | 75/76B | €463 | €386 | -€77 | -16.7% |
| Recurring financial income | 75 | €463 | €386 | -€77 | -16.7% |
| Financial charges | 65/66B | €27,476 | €26,640 | -€836 | -3.0% |
| Recurring financial charges | 65 | €27,476 | €26,640 | -€836 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €162,990 | €89,224 | -€73,766 | -45.3% |
| Transfer from deferred taxes | 780 | €5,543 | €3,715 | -€1,828 | -33.0% |
| Income taxes | 67/77 | €56,742 | €34,128 | -€22,614 | -39.9% |
| Profit (loss) for the period | 9904 | €111,792 | €58,811 | -€52,981 | -47.4% |
| Transfer from tax-exempt reserves | 789 | €16,629 | €11,145 | -€5,484 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,420 | €69,955 | -€58,465 | -45.5% |
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 23 October 2026 via checked.be.