ANDRE DUMOULIN: 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.
ANDRE DUMOULIN
Largest movements
- Receivables within one year +€11,459
up €11,459 (+7.0%), from €163,564 to €175,022
of which Other amounts receivable: +€18,045
- Reserves +€10,000
up €10,000 (+1.5%), from €647,500 to €657,500
- Gross operating margin +€2,664
up €2,664 (+78.8%), from €3,380 to €6,044
- Taxes +€1,135
up €1,135 (+33.6%), from €3,377 to €4,512
- Financial income +€1,023
up €1,023 (+11.4%), from €8,974 to €9,997
- Financial charges +€69
up €69 (+20.7%), from €331 to €400
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 | €704,628 | €716,045 | +€11,417 | +1.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Current assets | 29/58 | €704,628 | €716,045 | +€11,417 | +1.6% |
| Amounts receivable within one year | 40/41 | €163,564 | €175,022 | +€11,459 | +7.0% |
| Trade receivables | 40 | €31,488 | €24,902 | -€6,586 | -20.9% |
| Other amounts receivable | 41 | €132,076 | €150,121 | +€18,045 | +13.7% |
| Cash at bank and in hand | 54/58 | €539,216 | €539,095 | -€120 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,849 | €1,927 | +€79 | +4.3% |
| Total equity and liabilities | 10/49 | €704,628 | €716,045 | +€11,417 | +1.6% |
| Equity | 10/15 | €699,789 | €710,210 | +€10,421 | +1.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €647,500 | €657,500 | +€10,000 | +1.5% |
| Distributable reserves | 133 | €647,500 | €657,500 | +€10,000 | +1.5% |
| Profit (loss) carried forward | 14 | €32,289 | €32,710 | +€421 | +1.3% |
| Amounts payable | 17/49 | €4,839 | €5,835 | +€996 | +20.6% |
| Amounts payable within one year | 42/48 | €4,839 | €5,835 | +€996 | +20.6% |
| Trade debts | 44 | €174 | €2,912 | +€2,738 | +1578.3% |
| Suppliers | 440/4 | €174 | €2,912 | +€2,738 | +1578.3% |
| Taxes, remuneration and social security | 45 | €4,666 | €2,923 | -€1,743 | -37.4% |
| Taxes | 450/3 | €4,666 | €2,923 | -€1,743 | -37.4% |
| Other operating charges | 640/8 | €711 | €708 | -€3 | -0.5% |
| Gross operating margin | 9900 | €3,380 | €6,044 | +€2,664 | +78.8% |
| Operating profit (loss) | 9901 | €2,669 | €5,336 | +€2,667 | +99.9% |
| Financial income | 75/76B | €8,974 | €9,997 | +€1,023 | +11.4% |
| Recurring financial income | 75 | €8,974 | €9,997 | +€1,023 | +11.4% |
| Financial charges | 65/66B | €331 | €400 | +€69 | +20.7% |
| Recurring financial charges | 65 | €331 | €400 | +€69 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €11,312 | €14,934 | +€3,622 | +32.0% |
| Income taxes | 67/77 | €3,377 | €4,512 | +€1,135 | +33.6% |
| Profit (loss) for the period | 9904 | €7,935 | €10,421 | +€2,486 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,935 | €10,421 | +€2,486 | +31.3% |
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.