LAURA DUCHI: 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.
LAURA DUCHI
Largest movements
- Cash +€265,199
up €265,199 (+140%), from €189,783 to €454,982
mainly Net result for the year (+€298,834) and Tax, wage and social debts (+€86,593)
- Current investments +€128,726
up €128,726 (+78.0%), from €165,123 to €293,848
- Reserves +€298,834
up €298,834 (+97.9%), from €305,153 to €603,987
- Tax, wage and social debts +€86,593
up €86,593 (+90.1%), from €96,138 to €182,731
- Gross operating margin -€21,747
down €21,747 (-5.4%), from €402,306 to €380,559
- Financial income +€12,609
up €12,609 (+947%), from €1,332 to €13,941
- Taxes -€5,371
down €5,371 (-5.6%), from €96,147 to €90,776
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 | €407,487 | €792,800 | +€385,313 | +94.6% |
| Fixed assets | 21/28 | €13,538 | €10,361 | -€3,176 | -23.5% |
| Tangible fixed assets | 22/27 | €13,538 | €10,361 | -€3,176 | -23.5% |
| Furniture and vehicles | 24 | €13,538 | €10,361 | -€3,176 | -23.5% |
| Current assets | 29/58 | €393,949 | €782,438 | +€388,489 | +98.6% |
| Amounts receivable within one year | 40/41 | €1,707 | - | -€1,707 | |
| Trade receivables | 40 | €1,707 | - | -€1,707 | |
| Current investments | 50/53 | €165,123 | €293,848 | +€128,726 | +78.0% |
| Cash at bank and in hand | 54/58 | €189,783 | €454,982 | +€265,199 | +140% |
| Deferred charges and accrued income | 490/1 | €37,336 | €33,608 | -€3,729 | -10.0% |
| Total equity and liabilities | 10/49 | €407,487 | €792,800 | +€385,313 | +94.6% |
| Equity | 10/15 | €308,153 | €606,987 | +€298,834 | +97.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €305,153 | €603,987 | +€298,834 | +97.9% |
| Distributable reserves | 133 | €305,153 | €603,987 | +€298,834 | +97.9% |
| Amounts payable | 17/49 | €99,334 | €185,813 | +€86,479 | +87.1% |
| Amounts payable within one year | 42/48 | €99,334 | €185,813 | +€86,479 | +87.1% |
| Trade debts | 44 | €206 | €219 | +€13 | +6.2% |
| Suppliers | 440/4 | €206 | €219 | +€13 | +6.2% |
| Taxes, remuneration and social security | 45 | €96,138 | €182,731 | +€86,593 | +90.1% |
| Taxes | 450/3 | €96,138 | €182,731 | +€86,593 | +90.1% |
| Other amounts payable | 47/48 | €2,990 | €2,863 | -€127 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €3,176 | +€2,185 | +221% |
| Other operating charges | 640/8 | €276 | €413 | +€137 | +49.7% |
| Gross operating margin | 9900 | €402,306 | €380,559 | -€21,747 | -5.4% |
| Operating profit (loss) | 9901 | €401,039 | €376,970 | -€24,070 | -6.0% |
| Financial income | 75/76B | €1,332 | €13,941 | +€12,609 | +947% |
| Recurring financial income | 75 | €1,332 | €13,941 | +€12,609 | +947% |
| Financial charges | 65/66B | €1,071 | €1,301 | +€230 | +21.5% |
| Recurring financial charges | 65 | €1,071 | €1,301 | +€230 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €401,300 | €389,609 | -€11,691 | -2.9% |
| Income taxes | 67/77 | €96,147 | €90,776 | -€5,371 | -5.6% |
| Profit (loss) for the period | 9904 | €305,153 | €298,834 | -€6,319 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €305,153 | €298,834 | -€6,319 | -2.1% |
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 24 October 2026 via checked.be.