LE DUC: 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.
LE DUC
Largest movements
- Receivables within one year +€2,200
up €2,200 (+628.6%), from €350 to €2,550
of which Trade receivables: +€2,200
- Trade debts +€2,081
up €2,081 (+140.0%), from €1,487 to €3,568
- Profit (loss) carried forward +€824
up €824 (+1.8%), from -€46,434 to -€45,610
- Other debts -€696
down €696 (-6.5%), from €10,654 to €9,958
- Other operating charges +€2,760
new in 2025: €2,760
- Gross operating margin +€862
up €862 (+31.4%), from €2,747 to €3,609
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 | €28,096 | €30,306 | +€2,209 | +7.9% |
| Fixed assets | 21/28 | €27,571 | €27,571 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,271 | €8,271 | = | 0.0% |
| Land and buildings | 22 | €8,271 | €8,271 | = | 0.0% |
| Financial fixed assets | 28 | €19,300 | €19,300 | = | 0.0% |
| Current assets | 29/58 | €525 | €2,734 | +€2,209 | +420.9% |
| Amounts receivable within one year | 40/41 | €350 | €2,550 | +€2,200 | +628.6% |
| Trade receivables | 40 | - | €2,200 | +€2,200 | |
| Other amounts receivable | 41 | €350 | €350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €175 | €184 | +€9 | +5.4% |
| Total equity and liabilities | 10/49 | €28,096 | €30,306 | +€2,209 | +7.9% |
| Equity | 10/15 | -€4,044 | -€3,220 | +€824 | +20.4% |
| Contributions | 10/11 | €42,390 | €42,390 | = | 0.0% |
| Capital | 10 | €42,390 | €42,390 | = | 0.0% |
| Issued capital | 100 | €42,390 | €42,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,434 | -€45,610 | +€824 | +1.8% |
| Amounts payable | 17/49 | €32,140 | €33,526 | +€1,385 | +4.3% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,140 | €13,526 | +€1,385 | +11.4% |
| Trade debts | 44 | €1,487 | €3,568 | +€2,081 | +140.0% |
| Suppliers | 440/4 | €1,487 | €3,568 | +€2,081 | +140.0% |
| Other amounts payable | 47/48 | €10,654 | €9,958 | -€696 | -6.5% |
| Other operating charges | 640/8 | - | €2,760 | +€2,760 | |
| Gross operating margin | 9900 | €2,747 | €3,609 | +€862 | +31.4% |
| Operating profit (loss) | 9901 | €2,747 | €849 | -€1,898 | -69.1% |
| Financial charges | 65/66B | €50 | €25 | -€25 | -50.0% |
| Recurring financial charges | 65 | €50 | €25 | -€25 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €2,697 | €824 | -€1,873 | -69.4% |
| Profit (loss) for the period | 9904 | €2,697 | €824 | -€1,873 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,697 | €824 | -€1,873 | -69.4% |
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 8 October 2026 via checked.be.