LE DOUX CONCEPT: 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.
LE DOUX CONCEPT
Largest movements
- Receivables within one year -€64,199
down €64,199 (-84.7%), from €75,761 to €11,562
of which Trade receivables: -€51,263
- Stocks and contracts -€21,502
down €21,502 (-70.8%), from €30,374 to €8,872
- Tangible fixed assets +€11,394
up €11,394 (+2.8%), from €411,079 to €422,473
of which Land and buildings: +€17,159
- Cash +€9,451
up €9,451 (+65.3%), from €14,470 to €23,921
mainly Receivables within one year (+€64,199) and Depreciation (+€58,382)
- Current portion of long-term debt +€54,325
up €54,325 (+169%), from €32,125 to €86,450
- Trade debts -€50,707
down €50,707 (-88.1%), from €57,543 to €6,836
- Short-term financial debts -€45,000
no longer reported in 2025 (was €45,000)
- Advances received -€22,000
no longer reported in 2025 (was €22,000)
- Debts after one year -€21,419
down €21,419 (-7.2%), from €295,906 to €274,487
of which Other amounts payable: -€21,000
- Gross operating margin -€109,831
down €109,831 (-47.9%), from €229,506 to €119,674
- Staff costs -€100,843
down €100,843 (-75.4%), from €133,760 to €32,917
- Depreciation +€18,477
up €18,477 (+46.3%), from €39,905 to €58,382
- Taxes -€2,657
down €2,657 (-89.3%), from €2,974 to €317
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 | €535,978 | €470,113 | -€65,865 | -12.3% |
| Fixed assets | 21/28 | €411,214 | €422,500 | +€11,286 | +2.7% |
| Intangible fixed assets | 21 | €135 | €27 | -€108 | -80.0% |
| Tangible fixed assets | 22/27 | €411,079 | €422,473 | +€11,394 | +2.8% |
| Land and buildings | 22 | €295,367 | €312,526 | +€17,159 | +5.8% |
| Plant, machinery and equipment | 23 | €14,058 | €481 | -€13,577 | -96.6% |
| Furniture and vehicles | 24 | €6,615 | €10,185 | +€3,570 | +54.0% |
| Leasing and similar rights | 25 | €95,038 | €99,280 | +€4,242 | +4.5% |
| Current assets | 29/58 | €124,764 | €47,613 | -€77,151 | -61.8% |
| Stocks and contracts in progress | 3 | €30,374 | €8,872 | -€21,502 | -70.8% |
| Stocks | 30/36 | €30,374 | €8,872 | -€21,502 | -70.8% |
| Amounts receivable within one year | 40/41 | €75,761 | €11,562 | -€64,199 | -84.7% |
| Trade receivables | 40 | €61,753 | €10,490 | -€51,263 | -83.0% |
| Other amounts receivable | 41 | €14,009 | €1,073 | -€12,936 | -92.3% |
| Cash at bank and in hand | 54/58 | €14,470 | €23,921 | +€9,451 | +65.3% |
| Deferred charges and accrued income | 490/1 | €4,160 | €3,259 | -€901 | -21.7% |
| Total equity and liabilities | 10/49 | €535,978 | €470,113 | -€65,865 | -12.3% |
| Equity | 10/15 | €72,527 | €75,700 | +€3,174 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,915 | €57,085 | +€3,170 | +5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,055 | €55,225 | +€3,170 | +6.1% |
| Profit (loss) carried forward | 14 | €12 | €15 | +€4 | +31.4% |
| Amounts payable | 17/49 | €463,452 | €394,413 | -€69,039 | -14.9% |
| Amounts payable after more than one year | 17 | €295,906 | €274,487 | -€21,419 | -7.2% |
| Financial debts | 170/4 | €274,906 | €274,487 | -€419 | -0.2% |
| Other amounts payable | 178/9 | €21,000 | - | -€21,000 | |
| Amounts payable within one year | 42/48 | €165,013 | €116,178 | -€48,835 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €32,125 | €86,450 | +€54,325 | +169% |
| Financial debts | 43 | €45,000 | - | -€45,000 | |
| Credit institutions | 430/8 | €45,000 | - | -€45,000 | |
| Trade debts | 44 | €57,543 | €6,836 | -€50,707 | -88.1% |
| Suppliers | 440/4 | €57,543 | €6,836 | -€50,707 | -88.1% |
| Advances received on contracts in progress | 46 | €22,000 | - | -€22,000 | |
| Taxes, remuneration and social security | 45 | €6,900 | €9,348 | +€2,448 | +35.5% |
| Taxes | 450/3 | €6,089 | €9,348 | +€3,258 | +53.5% |
| Remuneration and social security | 454/9 | €811 | - | -€811 | |
| Other amounts payable | 47/48 | €1,445 | €13,544 | +€12,099 | +837% |
| Accrued charges and deferred income | 492/3 | €2,532 | €3,747 | +€1,215 | +48.0% |
| Remuneration, social security and pensions | 62 | €133,760 | €32,917 | -€100,843 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,905 | €58,382 | +€18,477 | +46.3% |
| Other operating charges | 640/8 | €5,204 | €7,307 | +€2,102 | +40.4% |
| Gross operating margin | 9900 | €229,506 | €119,674 | -€109,831 | -47.9% |
| Operating profit (loss) | 9901 | €50,636 | €21,069 | -€29,568 | -58.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €17,092 | €17,585 | +€493 | +2.9% |
| Recurring financial charges | 65 | €17,092 | €17,585 | +€493 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €33,544 | €3,491 | -€30,054 | -89.6% |
| Income taxes | 67/77 | €2,974 | €317 | -€2,657 | -89.3% |
| Profit (loss) for the period | 9904 | €30,571 | €3,174 | -€27,397 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,571 | €3,174 | -€27,397 | -89.6% |
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 19 October 2026 via checked.be.