Frederik Duyck: what changed
What changed
Frederik Duyck
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€42,232
2024 · €11,164+€31,068
Equity
€5,521
2024 · -€36,711+€42,232
Cash
€31,292
2024 · €2,197+€29,095
Balance sheet total
€311,397
2024 · €300,877+€10,520
Largest movements
Assets
- Cash +€29,095
up €29,095 (+1,324%), from €2,197 to €31,292
mainly Net result for the year (+€42,232) and Depreciation (+€29,264)
- Receivables within one year -€11,693
down €11,693 (-57.4%), from €20,374 to €8,681
of which Trade receivables: -€14,349
- Tangible fixed assets -€7,943
down €7,943 (-3.1%), from €257,549 to €249,606
of which Land and buildings: -€11,088
Equity and liabilities
- Profit (loss) carried forward +€38,711
no longer reported in 2025 (was -€38,711)
- Debts after one year -€19,422
down €19,422 (-8.4%), from €232,038 to €212,616
- Trade debts -€11,939
down €11,939 (-70.4%), from €16,948 to €5,009
- Reserves +€3,521
new in 2025: €3,521
Income statement
- Gross operating margin +€31,871
up €31,871 (+62.6%), from €50,917 to €82,788
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,164
Gross operating margin
+€31,871
Staff costs
-€189
Depreciation
-€348
Other operating charges
+€25
Financial income
+€153
Financial charges
+€294
Taxes
-€738
Result 2025
€42,232
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€71,207
Investment
-€21,321
Financing
-€20,791
Cash 2024
€2,197
From operations (derived)
+€71,207
Net result for the year
+€42,232
Depreciation
+€29,264
Stocks and contracts
-€1,102
Receivables within one year
+€11,693
Deferred charges and accrued income
+€41
Trade debts
-€11,939
Tax, wage and social debts
+€1,018
Investment (derived)
-€21,321
Investment in fixed assets (net)
-€21,321
Financing
-€20,791
Debts after one year
-€19,422
Current portion of long-term debt
-€1,369
Cash 2025
€31,292
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,877 | €311,397 | +€10,520 | +3.5% |
| Fixed assets | 21/28 | €257,549 | €249,606 | -€7,943 | -3.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €257,549 | €249,606 | -€7,943 | -3.1% |
| Land and buildings | 22 | €226,912 | €215,824 | -€11,088 | -4.9% |
| Plant, machinery and equipment | 23 | €24,521 | €32,295 | +€7,774 | +31.7% |
| Furniture and vehicles | 24 | €6,116 | €1,487 | -€4,629 | -75.7% |
| Current assets | 29/58 | €43,328 | €61,791 | +€18,463 | +42.6% |
| Stocks and contracts in progress | 3 | €20,143 | €21,245 | +€1,102 | +5.5% |
| Stocks | 30/36 | €20,143 | €21,245 | +€1,102 | +5.5% |
| Amounts receivable within one year | 40/41 | €20,374 | €8,681 | -€11,693 | -57.4% |
| Trade receivables | 40 | €17,877 | €3,528 | -€14,349 | -80.3% |
| Other amounts receivable | 41 | €2,497 | €5,153 | +€2,656 | +106% |
| Cash at bank and in hand | 54/58 | €2,197 | €31,292 | +€29,095 | +1,324% |
| Deferred charges and accrued income | 490/1 | €614 | €573 | -€41 | -6.7% |
| Total equity and liabilities | 10/49 | €300,877 | €311,397 | +€10,520 | +3.5% |
| Equity | 10/15 | -€36,711 | €5,521 | +€42,232 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €3,521 | +€3,521 | |
| Distributable reserves | 133 | - | €3,521 | +€3,521 | |
| Profit (loss) carried forward | 14 | -€38,711 | - | +€38,711 | |
| Amounts payable | 17/49 | €337,588 | €305,876 | -€31,712 | -9.4% |
| Amounts payable after more than one year | 17 | €232,038 | €212,616 | -€19,422 | -8.4% |
| Financial debts | 170/4 | €232,038 | €212,616 | -€19,422 | -8.4% |
| Amounts payable within one year | 42/48 | €105,550 | €93,260 | -€12,290 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €34,869 | €33,500 | -€1,369 | -3.9% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €16,948 | €5,009 | -€11,939 | -70.4% |
| Suppliers | 440/4 | €16,948 | €5,009 | -€11,939 | -70.4% |
| Taxes, remuneration and social security | 45 | €3,733 | €4,751 | +€1,018 | +27.3% |
| Taxes | 450/3 | €3,733 | €4,751 | +€1,018 | +27.3% |
| Remuneration, social security and pensions | 62 | - | €189 | +€189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,916 | €29,264 | +€348 | +1.2% |
| Other operating charges | 640/8 | €1,942 | €1,917 | -€25 | -1.3% |
| Gross operating margin | 9900 | €50,917 | €82,788 | +€31,871 | +62.6% |
| Operating profit (loss) | 9901 | €20,059 | €51,418 | +€31,359 | +156% |
| Financial income | 75/76B | - | €153 | +€153 | |
| Recurring financial income | 75 | - | €153 | +€153 | |
| Financial charges | 65/66B | €8,895 | €8,601 | -€294 | -3.3% |
| Recurring financial charges | 65 | €8,895 | €8,601 | -€294 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €11,164 | €42,970 | +€31,806 | +285% |
| Income taxes | 67/77 | - | €738 | +€738 | |
| Profit (loss) for the period | 9904 | €11,164 | €42,232 | +€31,068 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €11,164 | €42,232 | +€31,068 | +278% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.