Salaisons Duca: 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.
Salaisons Duca
Largest movements
- Receivables within one year -€103,972
down €103,972 (-27.2%), from €381,716 to €277,744
of which Other amounts receivable: -€91,441
- Stocks and contracts +€50,484
up €50,484 (+78.4%), from €64,396 to €114,879
- Cash -€36,017
down €36,017 (-67.6%), from €53,290 to €17,273
mainly Debts after one year (-€133,951) and Investment in fixed assets (net) (-€126,500)
- Tangible fixed assets -€27,893
down €27,893 (-3.3%), from €851,548 to €823,656
of which Land and buildings: -€37,289
- Debts after one year -€133,951
down €133,951 (-18.7%), from €714,538 to €580,587
of which Financial debts: -€110,704
- Trade debts +€53,912
up €53,912 (+31.8%), from €169,443 to €223,355
- Other debts -€22,000
down €22,000 (-23.4%), from €94,000 to €72,000
- Current portion of long-term debt -€19,677
down €19,677 (-15.2%), from €129,549 to €109,872
- Gross operating margin -€186,102
down €186,102 (-35.6%), from €522,084 to €335,982
- Depreciation -€91,880
down €91,880 (-37.3%), from €246,273 to €154,393
- Staff costs -€44,694
down €44,694 (-33.5%), from €133,577 to €88,883
- Financial charges -€10,993
down €10,993 (-52.4%), from €20,972 to €9,980
- Write-downs -€7,931
down €7,931, from €5,352 to -€2,579
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 | €1,350,950 | €1,235,217 | -€115,734 | -8.6% |
| Fixed assets | 21/28 | €851,548 | €823,656 | -€27,893 | -3.3% |
| Tangible fixed assets | 22/27 | €851,548 | €823,656 | -€27,893 | -3.3% |
| Land and buildings | 22 | €580,493 | €543,204 | -€37,289 | -6.4% |
| Plant, machinery and equipment | 23 | €133,906 | €179,196 | +€45,290 | +33.8% |
| Furniture and vehicles | 24 | €27,242 | €21,602 | -€5,640 | -20.7% |
| Leasing and similar rights | 25 | €109,907 | €79,654 | -€30,254 | -27.5% |
| Current assets | 29/58 | €499,402 | €411,561 | -€87,841 | -17.6% |
| Stocks and contracts in progress | 3 | €64,396 | €114,879 | +€50,484 | +78.4% |
| Stocks | 30/36 | €64,396 | €114,879 | +€50,484 | +78.4% |
| Amounts receivable within one year | 40/41 | €381,716 | €277,744 | -€103,972 | -27.2% |
| Trade receivables | 40 | €140,215 | €127,684 | -€12,531 | -8.9% |
| Other amounts receivable | 41 | €241,501 | €150,060 | -€91,441 | -37.9% |
| Cash at bank and in hand | 54/58 | €53,290 | €17,273 | -€36,017 | -67.6% |
| Deferred charges and accrued income | 490/1 | - | €1,664 | +€1,664 | |
| Total equity and liabilities | 10/49 | €1,350,950 | €1,235,217 | -€115,734 | -8.6% |
| Equity | 10/15 | €211,032 | €219,982 | +€8,949 | +4.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Outside capital | 11 | €70,000 | €70,000 | = | 0.0% |
| Other | 1109/19 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €32,061 | €28,611 | -€3,450 | -10.8% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,555 | €19,105 | -€3,450 | -15.3% |
| Distributable reserves | 133 | €2,507 | €2,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,091 | €98,559 | +€468 | +0.5% |
| Investment grants | 15 | €10,880 | €22,811 | +€11,931 | +109.7% |
| Provisions and deferred taxes | 16 | €5,555 | €4,405 | -€1,150 | -20.7% |
| Deferred taxes | 168 | €5,555 | €4,405 | -€1,150 | -20.7% |
| Amounts payable | 17/49 | €1,134,363 | €1,010,830 | -€123,533 | -10.9% |
| Amounts payable after more than one year | 17 | €714,538 | €580,587 | -€133,951 | -18.7% |
| Financial debts | 170/4 | €317,517 | €206,813 | -€110,704 | -34.9% |
| Trade debts | 175 | - | €46,753 | +€46,753 | |
| Other amounts payable | 178/9 | €397,021 | €327,021 | -€70,000 | -17.6% |
| Amounts payable within one year | 42/48 | €419,025 | €428,244 | +€9,218 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €129,549 | €109,872 | -€19,677 | -15.2% |
| Financial debts | 43 | €8,842 | €11,409 | +€2,566 | +29.0% |
| Credit institutions | 430/8 | €8,842 | €11,409 | +€2,566 | +29.0% |
| Trade debts | 44 | €169,443 | €223,355 | +€53,912 | +31.8% |
| Suppliers | 440/4 | €169,443 | €223,355 | +€53,912 | +31.8% |
| Taxes, remuneration and social security | 45 | €17,191 | €11,607 | -€5,584 | -32.5% |
| Taxes | 450/3 | €6,657 | €3,097 | -€3,560 | -53.5% |
| Remuneration and social security | 454/9 | €10,535 | €8,511 | -€2,024 | -19.2% |
| Other amounts payable | 47/48 | €94,000 | €72,000 | -€22,000 | -23.4% |
| Accrued charges and deferred income | 492/3 | €800 | €2,000 | +€1,200 | +150.0% |
| Remuneration, social security and pensions | 62 | €133,577 | €88,883 | -€44,694 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €246,273 | €154,393 | -€91,880 | -37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,352 | -€2,579 | -€7,931 | |
| Other operating charges | 640/8 | €12,598 | €15,276 | +€2,679 | +21.3% |
| Gross operating margin | 9900 | €522,084 | €335,982 | -€186,102 | -35.6% |
| Operating profit (loss) | 9901 | €124,284 | €80,009 | -€44,275 | -35.6% |
| Financial income | 75/76B | €11,728 | €14,321 | +€2,592 | +22.1% |
| Recurring financial income | 75 | €11,728 | €14,321 | +€2,592 | +22.1% |
| Financial charges | 65/66B | €20,972 | €9,980 | -€10,993 | -52.4% |
| Recurring financial charges | 65 | €20,972 | €9,980 | -€10,993 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €115,040 | €84,350 | -€30,690 | -26.7% |
| Transfer from deferred taxes | 780 | €195 | €1,150 | +€955 | +488.7% |
| Income taxes | 67/77 | €21,318 | €16,482 | -€4,836 | -22.7% |
| Profit (loss) for the period | 9904 | €93,918 | €69,018 | -€24,899 | -26.5% |
| Transfer from tax-exempt reserves | 789 | €586 | €3,450 | +€2,864 | +488.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,504 | €72,468 | -€22,036 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.