Ets ROBERT DUCHENE: 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.
Ets ROBERT DUCHENE
Largest movements
- Receivables within one year +€62,965
up €62,965 (+576.4%), from €10,924 to €73,889
of which Other amounts receivable: +€73,869
- Reserves +€57,000
new in 2025: €57,000
- Profit (loss) carried forward +€15,183
up €15,183, from -€10,431 to €4,753
- Other debts -€6,280
no longer reported in 2025 (was €6,280)
- Tax, wage and social debts -€2,631
no longer reported in 2025 (was €2,631)
- Gross operating margin +€94,090
up €94,090 (+2598.8%), from €3,621 to €97,710
- Taxes +€23,972
new in 2025: €23,972
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 | €14,634 | €77,866 | +€63,232 | +432.1% |
| Current assets | 29/58 | €14,634 | €77,866 | +€63,232 | +432.1% |
| Amounts receivable within one year | 40/41 | €10,924 | €73,889 | +€62,965 | +576.4% |
| Trade receivables | 40 | €10,924 | €20 | -€10,904 | -99.8% |
| Other amounts receivable | 41 | - | €73,869 | +€73,869 | |
| Cash at bank and in hand | 54/58 | €3,664 | €3,928 | +€263 | +7.2% |
| Deferred charges and accrued income | 490/1 | €45 | €48 | +€3 | +7.7% |
| Total equity and liabilities | 10/49 | €14,634 | €77,866 | +€63,232 | +432.1% |
| Equity | 10/15 | €5,682 | €77,866 | +€72,183 | +1270.3% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | - | €57,000 | +€57,000 | |
| Distributable reserves | 133 | - | €57,000 | +€57,000 | |
| Profit (loss) carried forward | 14 | -€10,431 | €4,753 | +€15,183 | |
| Amounts payable | 17/49 | €8,951 | - | -€8,951 | |
| Amounts payable within one year | 42/48 | €8,951 | - | -€8,951 | |
| Trade debts | 44 | €41 | - | -€41 | |
| Suppliers | 440/4 | €41 | - | -€41 | |
| Taxes, remuneration and social security | 45 | €2,631 | - | -€2,631 | |
| Taxes | 450/3 | €2,631 | - | -€2,631 | |
| Other amounts payable | 47/48 | €6,280 | - | -€6,280 | |
| Other operating charges | 640/8 | €1,449 | €1,467 | +€18 | +1.2% |
| Gross operating margin | 9900 | €3,621 | €97,710 | +€94,090 | +2598.8% |
| Operating profit (loss) | 9901 | €2,172 | €96,244 | +€94,072 | +4331.5% |
| Financial charges | 65/66B | €61 | €88 | +€27 | +44.7% |
| Recurring financial charges | 65 | €61 | €88 | +€27 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €2,111 | €96,155 | +€94,044 | +4455.4% |
| Income taxes | 67/77 | - | €23,972 | +€23,972 | |
| Profit (loss) for the period | 9904 | €2,111 | €72,183 | +€70,073 | +3319.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,111 | €72,183 | +€70,073 | +3319.7% |
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 4 October 2026 via checked.be.