A. Dumoulin: 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.
A. Dumoulin
Largest movements
- Stocks and contracts -€21,935
down €21,935 (-8.7%), from €252,896 to €230,961
- Cash -€21,640
down €21,640 (-64.1%), from €33,743 to €12,102
mainly Short-term financial debts (-€50,000) and Debts after one year (-€49,416)
- Tangible fixed assets -€16,967
down €16,967 (-24.6%), from €69,074 to €52,107
of which Land and buildings: -€9,217
- Receivables within one year -€13,964
down €13,964 (-9.8%), from €143,198 to €129,234
of which Trade receivables: -€12,888
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year -€49,416
down €49,416 (-76.9%), from €64,278 to €14,862
- Trade debts +€25,431
up €25,431 (+21.4%), from €118,799 to €144,230
- Reserves +€15,000
up €15,000 (+24.5%), from €61,148 to €76,148
- Tax, wage and social debts -€8,378
down €8,378 (-32.3%), from €25,958 to €17,581
- Turnover -€1.5m
no longer reported in 2025 (was €1.5m)
- Purchases and services -€1.4m
no longer reported in 2025 (was €1.4m)
- Gross operating margin -€26,476
down €26,476 (-23.9%), from €110,882 to €84,407
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 | €508,178 | €432,614 | -€75,563 | -14.9% |
| Fixed assets | 21/28 | €69,074 | €52,107 | -€16,967 | -24.6% |
| Tangible fixed assets | 22/27 | €69,074 | €52,107 | -€16,967 | -24.6% |
| Land and buildings | 22 | €32,930 | €23,712 | -€9,217 | -28.0% |
| Plant, machinery and equipment | 23 | €20,467 | €15,870 | -€4,597 | -22.5% |
| Furniture and vehicles | 24 | €15,678 | €12,525 | -€3,153 | -20.1% |
| Current assets | 29/58 | €439,103 | €380,507 | -€58,596 | -13.3% |
| Stocks and contracts in progress | 3 | €252,896 | €230,961 | -€21,935 | -8.7% |
| Stocks | 30/36 | €252,896 | €230,961 | -€21,935 | -8.7% |
| Amounts receivable within one year | 40/41 | €143,198 | €129,234 | -€13,964 | -9.8% |
| Trade receivables | 40 | €122,050 | €109,162 | -€12,888 | -10.6% |
| Other amounts receivable | 41 | €21,148 | €20,072 | -€1,076 | -5.1% |
| Cash at bank and in hand | 54/58 | €33,743 | €12,102 | -€21,640 | -64.1% |
| Deferred charges and accrued income | 490/1 | €9,267 | €8,210 | -€1,056 | -11.4% |
| Total equity and liabilities | 10/49 | €508,178 | €432,614 | -€75,563 | -14.9% |
| Equity | 10/15 | €185,475 | €200,275 | +€14,799 | +8.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €61,148 | €76,148 | +€15,000 | +24.5% |
| Distributable reserves | 133 | €61,148 | €76,148 | +€15,000 | +24.5% |
| Profit (loss) carried forward | 14 | €328 | €127 | -€201 | -61.2% |
| Amounts payable | 17/49 | €322,702 | €232,339 | -€90,363 | -28.0% |
| Amounts payable after more than one year | 17 | €64,278 | €14,862 | -€49,416 | -76.9% |
| Financial debts | 170/4 | €64,278 | €14,862 | -€49,416 | -76.9% |
| Amounts payable within one year | 42/48 | €258,424 | €217,477 | -€40,947 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €35,667 | €30,667 | -€5,000 | -14.0% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €118,799 | €144,230 | +€25,431 | +21.4% |
| Suppliers | 440/4 | €118,799 | €144,230 | +€25,431 | +21.4% |
| Taxes, remuneration and social security | 45 | €25,958 | €17,581 | -€8,378 | -32.3% |
| Taxes | 450/3 | €25,958 | €17,581 | -€8,378 | -32.3% |
| Other amounts payable | 47/48 | €28,000 | €25,000 | -€3,000 | -10.7% |
| Turnover | 70 | €1,480,457 | - | -€1.5m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,369,575 | - | -€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,770 | €17,789 | +€18 | +0.1% |
| Other operating charges | 640/8 | €4,448 | €4,627 | +€179 | +4.0% |
| Gross operating margin | 9900 | €110,882 | €84,407 | -€26,476 | -23.9% |
| Operating profit (loss) | 9901 | €88,665 | €61,991 | -€26,673 | -30.1% |
| Financial income | 75/76B | €976 | €1,115 | +€139 | +14.2% |
| Recurring financial income | 75 | €976 | €1,115 | +€139 | +14.2% |
| Financial charges | 65/66B | €8,369 | €6,043 | -€2,326 | -27.8% |
| Recurring financial charges | 65 | €8,369 | €6,043 | -€2,326 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €81,271 | €57,063 | -€24,208 | -29.8% |
| Income taxes | 67/77 | €24,944 | €17,264 | -€7,680 | -30.8% |
| Profit (loss) for the period | 9904 | €56,328 | €39,799 | -€16,528 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,328 | €39,799 | -€16,528 | -29.3% |
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 16 October 2026 via checked.be.