DUVVINCENT: 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.
DUVVINCENT
Largest movements
- Financial fixed assets -€66,667
no longer reported in 2025 (was €66,667)
- Receivables within one year +€65,021
up €65,021 (+10747.3%), from €605 to €65,626
of which Other amounts receivable: +€65,600
- Tangible fixed assets +€5,479
up €5,479 (+64.1%), from €8,547 to €14,026
of which Furniture and vehicles: +€3,851
- Deferred charges and accrued income +€2,244
new in 2025: €2,244
- Cash +€1,415
up €1,415 (+3.8%), from €37,140 to €38,555
mainly Investment in fixed assets (net) (+€57,987) and Net result for the year (+€16,362)
- Profit (loss) carried forward +€16,362
up €16,362 (+287.9%), from €5,683 to €22,045
- Debts after one year -€9,863
down €9,863 (-29.2%), from €33,803 to €23,940
- Tax, wage and social debts +€2,499
up €2,499 (+19.0%), from €13,122 to €15,621
- Gross operating margin -€25,442
down €25,442 (-47.7%), from €53,323 to €27,881
- Taxes -€6,817
down €6,817 (-56.8%), from €12,000 to €5,183
- Depreciation +€2,561
up €2,561 (+399.5%), from €641 to €3,201
- Financial income +€2,203
new in 2025: €2,203
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 | €112,959 | €120,451 | +€7,492 | +6.6% |
| Fixed assets | 21/28 | €75,214 | €14,026 | -€61,188 | -81.4% |
| Tangible fixed assets | 22/27 | €8,547 | €14,026 | +€5,479 | +64.1% |
| Plant, machinery and equipment | 23 | €7,049 | €8,677 | +€1,628 | +23.1% |
| Furniture and vehicles | 24 | €1,498 | €5,349 | +€3,851 | +257.1% |
| Financial fixed assets | 28 | €66,667 | - | -€66,667 | |
| Current assets | 29/58 | €37,745 | €106,426 | +€68,680 | +182.0% |
| Amounts receivable within one year | 40/41 | €605 | €65,626 | +€65,021 | +10747.3% |
| Trade receivables | 40 | €605 | €26 | -€579 | -95.7% |
| Other amounts receivable | 41 | - | €65,600 | +€65,600 | |
| Cash at bank and in hand | 54/58 | €37,140 | €38,555 | +€1,415 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €2,244 | +€2,244 | |
| Total equity and liabilities | 10/49 | €112,959 | €120,451 | +€7,492 | +6.6% |
| Equity | 10/15 | €52,683 | €69,045 | +€16,362 | +31.1% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,683 | €22,045 | +€16,362 | +287.9% |
| Amounts payable | 17/49 | €60,276 | €51,406 | -€8,870 | -14.7% |
| Amounts payable after more than one year | 17 | €33,803 | €23,940 | -€9,863 | -29.2% |
| Financial debts | 170/4 | €33,803 | €23,940 | -€9,863 | -29.2% |
| Amounts payable within one year | 42/48 | €25,723 | €27,467 | +€1,744 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €9,416 | €9,863 | +€447 | +4.8% |
| Trade debts | 44 | €3,185 | €1,982 | -€1,203 | -37.8% |
| Suppliers | 440/4 | €3,185 | €1,982 | -€1,203 | -37.8% |
| Taxes, remuneration and social security | 45 | €13,122 | €15,621 | +€2,499 | +19.0% |
| Taxes | 450/3 | €13,122 | €15,621 | +€2,499 | +19.0% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €3,201 | +€2,561 | +399.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €53,323 | €27,881 | -€25,442 | -47.7% |
| Operating profit (loss) | 9901 | €52,294 | €24,280 | -€28,015 | -53.6% |
| Financial income | 75/76B | - | €2,203 | +€2,203 | |
| Recurring financial income | 75 | - | €2,203 | +€2,203 | |
| Financial charges | 65/66B | €4,611 | €4,938 | +€327 | +7.1% |
| Recurring financial charges | 65 | €4,611 | €4,938 | +€327 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €47,683 | €21,545 | -€26,138 | -54.8% |
| Income taxes | 67/77 | €12,000 | €5,183 | -€6,817 | -56.8% |
| Profit (loss) for the period | 9904 | €35,683 | €16,362 | -€19,321 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,683 | €16,362 | -€19,321 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.