HOLDING DUCHEZ: 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.
HOLDING DUCHEZ
Largest movements
- Receivables within one year +€383,675
up €383,675 (+310%), from €123,612 to €507,287
of which Trade receivables: +€281,593
- Cash -€93,761
down €93,761 (-22.0%), from €425,702 to €331,941
mainly Receivables within one year (-€383,675) and Net result for the year (-€33,950)
- Other debts +€315,038
up €315,038 (+27.5%), from €1.1m to €1.5m
- Gross operating margin +€275,641
up €275,641, from -€20,570 to €255,071
- Staff costs +€74,649
up €74,649 (+39.3%), from €190,083 to €264,732
- Financial income -€18,248
down €18,248 (-62.1%), from €29,387 to €11,139
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 | €7,582,299 | €7,870,983 | +€288,684 | +3.8% |
| Fixed assets | 21/28 | €5,931,755 | €5,931,755 | = | 0.0% |
| Financial fixed assets | 28 | €5,931,755 | €5,931,755 | = | 0.0% |
| Current assets | 29/58 | €1,650,544 | €1,939,228 | +€288,684 | +17.5% |
| Amounts receivable within one year | 40/41 | €123,612 | €507,287 | +€383,675 | +310% |
| Trade receivables | 40 | - | €281,593 | +€281,593 | |
| Other amounts receivable | 41 | €123,612 | €225,693 | +€102,082 | +82.6% |
| Current investments | 50/53 | €1,100,000 | €1,100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €425,702 | €331,941 | -€93,761 | -22.0% |
| Deferred charges and accrued income | 490/1 | €1,230 | €0 | -€1,230 | -100% |
| Total equity and liabilities | 10/49 | €7,582,299 | €7,870,983 | +€288,684 | +3.8% |
| Equity | 10/15 | €6,373,661 | €6,339,711 | -€33,950 | -0.5% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €5,623,661 | €5,589,711 | -€33,950 | -0.6% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €5,548,661 | €5,514,711 | -€33,950 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,208,638 | €1,531,272 | +€322,634 | +26.7% |
| Amounts payable within one year | 42/48 | €1,208,638 | €1,531,272 | +€322,634 | +26.7% |
| Trade debts | 44 | €18,407 | €1,402 | -€17,006 | -92.4% |
| Suppliers | 440/4 | €18,407 | €1,402 | -€17,006 | -92.4% |
| Taxes, remuneration and social security | 45 | €45,194 | €69,795 | +€24,601 | +54.4% |
| Taxes | 450/3 | - | €11,139 | +€11,139 | |
| Remuneration and social security | 454/9 | €45,194 | €58,656 | +€13,462 | +29.8% |
| Other amounts payable | 47/48 | €1,145,037 | €1,460,075 | +€315,038 | +27.5% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €190,083 | €264,732 | +€74,649 | +39.3% |
| Other operating charges | 640/8 | €1,660 | €1,443 | -€217 | -13.1% |
| Gross operating margin | 9900 | -€20,570 | €255,071 | +€275,641 | |
| Operating profit (loss) | 9901 | -€212,313 | -€11,105 | +€201,209 | +94.8% |
| Financial income | 75/76B | €29,387 | €11,139 | -€18,248 | -62.1% |
| Recurring financial income | 75 | €29,387 | €11,139 | -€18,248 | -62.1% |
| Financial charges | 65/66B | €33,310 | €33,839 | +€529 | +1.6% |
| Recurring financial charges | 65 | €33,310 | €33,839 | +€529 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€216,237 | -€33,805 | +€182,432 | +84.4% |
| Income taxes | 67/77 | €197 | €145 | -€51 | -26.1% |
| Profit (loss) for the period | 9904 | -€216,433 | -€33,950 | +€182,483 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€216,433 | -€33,950 | +€182,483 | +84.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.