EDDY DUQUENNE: 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.
EDDY DUQUENNE
Largest movements
- Current investments -€1.3m
down €1.3m (-76.5%), from €1.7m to €400,000
- Cash -€489,636
down €489,636 (-89.1%), from €549,241 to €59,604
mainly Other debts (-€1.3m) and Contributions, distributions and other (-€1.1m)
- Receivables within one year +€186,093
up €186,093 (+140%), from €133,021 to €319,114
of which Trade receivables: +€169,570
- Tangible fixed assets +€85,101
up €85,101 (+57.8%), from €147,239 to €232,340
- Other debts -€1.3m
down €1.3m (-97.8%), from €1.3m to €29,535
- Reserves -€252,984
down €252,984 (-21.8%), from €1.2m to €905,405
of which Distributable reserves: -€252,984
- Gross operating margin -€327,653
down €327,653 (-21.5%), from €1.5m to €1.2m
- Taxes -€96,046
down €96,046 (-24.6%), from €390,759 to €294,713
- Financial income -€24,709
down €24,709 (-47.5%), from €52,024 to €27,315
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 | €2,541,880 | €1,011,059 | -€1.5m | -60.2% |
| Fixed assets | 21/28 | €147,239 | €232,340 | +€85,101 | +57.8% |
| Tangible fixed assets | 22/27 | €147,239 | €232,340 | +€85,101 | +57.8% |
| Furniture and vehicles | 24 | €147,239 | €232,340 | +€85,101 | +57.8% |
| Current assets | 29/58 | €2,394,641 | €778,718 | -€1.6m | -67.5% |
| Amounts receivable within one year | 40/41 | €133,021 | €319,114 | +€186,093 | +140% |
| Trade receivables | 40 | €90,750 | €260,320 | +€169,570 | +187% |
| Other amounts receivable | 41 | €42,271 | €58,794 | +€16,523 | +39.1% |
| Current investments | 50/53 | €1,700,000 | €400,000 | -€1.3m | -76.5% |
| Cash at bank and in hand | 54/58 | €549,241 | €59,604 | -€489,636 | -89.1% |
| Deferred charges and accrued income | 490/1 | €12,380 | - | -€12,380 | |
| Total equity and liabilities | 10/49 | €2,541,880 | €1,011,059 | -€1.5m | -60.2% |
| Equity | 10/15 | €1,170,789 | €917,805 | -€252,984 | -21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,158,389 | €905,405 | -€252,984 | -21.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,156,530 | €903,546 | -€252,984 | -21.9% |
| Amounts payable | 17/49 | €1,371,091 | €93,254 | -€1.3m | -93.2% |
| Amounts payable within one year | 42/48 | €1,371,091 | €93,254 | -€1.3m | -93.2% |
| Trade debts | 44 | €133 | €5,533 | +€5,400 | +4,060% |
| Suppliers | 440/4 | €133 | €5,533 | +€5,400 | +4,060% |
| Taxes, remuneration and social security | 45 | €51,524 | €58,186 | +€6,662 | +12.9% |
| Taxes | 450/3 | €51,524 | €58,186 | +€6,662 | +12.9% |
| Other amounts payable | 47/48 | €1,319,434 | €29,535 | -€1.3m | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,257 | €40,068 | +€11,811 | +41.8% |
| Other operating charges | 640/8 | €268 | €543 | +€275 | +103% |
| Non-recurring operating charges | 66A | - | €39,939 | +€39,939 | |
| Gross operating margin | 9900 | €1,522,860 | €1,195,207 | -€327,653 | -21.5% |
| Operating profit (loss) | 9901 | €1,494,335 | €1,114,657 | -€379,678 | -25.4% |
| Financial income | 75/76B | €52,024 | €27,315 | -€24,709 | -47.5% |
| Recurring financial income | 75 | €52,024 | €27,315 | -€24,709 | -47.5% |
| Financial charges | 65/66B | €301 | €243 | -€58 | -19.3% |
| Recurring financial charges | 65 | €301 | €243 | -€58 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €1,546,058 | €1,141,729 | -€404,329 | -26.2% |
| Income taxes | 67/77 | €390,759 | €294,713 | -€96,046 | -24.6% |
| Profit (loss) for the period | 9904 | €1,155,299 | €847,016 | -€308,283 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,155,299 | €847,016 | -€308,283 | -26.7% |
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.