Bruno DUMOULIN, Software Development: 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.
Bruno DUMOULIN, Software Development
Largest movements
- Tangible fixed assets -€30,662
down €30,662 (-11.2%), from €272,561 to €241,900
of which Furniture and vehicles: -€18,223
- Cash -€12,994
down €12,994 (-86.0%), from €15,102 to €2,108
mainly Contributions, distributions and other (-€31,755) and Debts after one year (-€24,764)
- Reserves -€31,433
down €31,433 (-24.4%), from €128,708 to €97,275
- Debts after one year -€24,764
down €24,764 (-18.1%), from €137,075 to €112,311
- Other debts +€9,825
new in 2025: €9,825
- Short-term financial debts +€3,381
up €3,381 (+169.1%), from €2,000 to €5,381
- Depreciation -€16,778
down €16,778 (-32.3%), from €51,883 to €35,105
- Gross operating margin -€6,689
down €6,689 (-12.3%), from €54,425 to €47,736
- Other operating charges +€1,462
up €1,462 (+55.7%), from €2,624 to €4,086
- Taxes -€1,387
down €1,387 (-69.9%), from €1,985 to €598
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 | €316,184 | €271,114 | -€45,070 | -14.3% |
| Fixed assets | 21/28 | €272,561 | €241,900 | -€30,662 | -11.2% |
| Tangible fixed assets | 22/27 | €272,561 | €241,900 | -€30,662 | -11.2% |
| Land and buildings | 22 | €216,899 | €205,958 | -€10,941 | -5.0% |
| Plant, machinery and equipment | 23 | €4,805 | €3,855 | -€950 | -19.8% |
| Furniture and vehicles | 24 | €48,654 | €30,431 | -€18,223 | -37.5% |
| Other tangible fixed assets | 26 | €2,203 | €1,656 | -€548 | -24.9% |
| Current assets | 29/58 | €43,622 | €29,214 | -€14,408 | -33.0% |
| Amounts receivable within one year | 40/41 | €26,777 | €24,746 | -€2,031 | -7.6% |
| Trade receivables | 40 | €15,009 | €13,510 | -€1,499 | -10.0% |
| Other amounts receivable | 41 | €11,768 | €11,236 | -€532 | -4.5% |
| Cash at bank and in hand | 54/58 | €15,102 | €2,108 | -€12,994 | -86.0% |
| Deferred charges and accrued income | 490/1 | €1,743 | €2,360 | +€617 | +35.4% |
| Total equity and liabilities | 10/49 | €316,184 | €271,114 | -€45,070 | -14.3% |
| Equity | 10/15 | €143,049 | €111,615 | -€31,433 | -22.0% |
| Contributions | 10/11 | €14,341 | €14,341 | = | 0.0% |
| Reserves | 13 | €128,708 | €97,275 | -€31,433 | -24.4% |
| Distributable reserves | 133 | €128,708 | €97,275 | -€31,433 | -24.4% |
| Amounts payable | 17/49 | €173,135 | €159,498 | -€13,637 | -7.9% |
| Amounts payable after more than one year | 17 | €137,075 | €112,311 | -€24,764 | -18.1% |
| Financial debts | 170/4 | €137,075 | €112,311 | -€24,764 | -18.1% |
| Amounts payable within one year | 42/48 | €36,060 | €47,187 | +€11,127 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €23,967 | €24,764 | +€797 | +3.3% |
| Financial debts | 43 | €2,000 | €5,381 | +€3,381 | +169.1% |
| Credit institutions | 430/8 | €2,000 | €5,381 | +€3,381 | +169.1% |
| Trade debts | 44 | €2,478 | €1,281 | -€1,196 | -48.3% |
| Suppliers | 440/4 | €2,478 | €1,281 | -€1,196 | -48.3% |
| Taxes, remuneration and social security | 45 | €7,615 | €5,936 | -€1,679 | -22.1% |
| Taxes | 450/3 | €7,615 | €5,936 | -€1,679 | -22.1% |
| Other amounts payable | 47/48 | - | €9,825 | +€9,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,883 | €35,105 | -€16,778 | -32.3% |
| Other operating charges | 640/8 | €2,624 | €4,086 | +€1,462 | +55.7% |
| Non-recurring operating charges | 66A | €1,238 | - | -€1,238 | |
| Gross operating margin | 9900 | €54,425 | €47,736 | -€6,689 | -12.3% |
| Operating profit (loss) | 9901 | -€1,320 | €8,545 | +€9,865 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €7,502 | €7,625 | +€123 | +1.6% |
| Recurring financial charges | 65 | €7,502 | €7,625 | +€123 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,822 | €920 | +€9,742 | |
| Income taxes | 67/77 | €1,985 | €598 | -€1,387 | -69.9% |
| Profit (loss) for the period | 9904 | -€10,807 | €322 | +€11,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,807 | €322 | +€11,129 |
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.