BUREAU DUFAYS: 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.
BUREAU DUFAYS
Largest movements
- Cash -€168,281
down €168,281 (-42.4%), from €396,703 to €228,422
mainly Contributions, distributions and other (-€328,000) and Receivables after one year (-€133,000)
- Receivables after one year +€133,000
new in 2025: €133,000
- Receivables within one year +€75,835
up €75,835 (+41.8%), from €181,400 to €257,235
of which Trade receivables: +€74,835
- Deferred charges and accrued income -€8,036
down €8,036 (-77.3%), from €10,394 to €2,359
- Other debts -€33,439
down €33,439 (-8.6%), from €388,967 to €355,528
- Trade debts +€31,829
up €31,829 (+147%), from €21,669 to €53,498
- Current portion of long-term debt +€30,294
up €30,294, from €0 to €30,294
- Staff costs +€112,004
up €112,004 (+35.5%), from €315,075 to €427,080
- Gross operating margin +€25,575
up €25,575 (+3.0%), from €854,090 to €879,665
- Taxes -€19,942
down €19,942 (-14.7%), from €135,604 to €115,662
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 | €593,827 | €624,786 | +€30,960 | +5.2% |
| Fixed assets | 21/28 | €5,329 | €3,771 | -€1,558 | -29.2% |
| Tangible fixed assets | 22/27 | €4,409 | €2,851 | -€1,558 | -35.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,409 | €2,851 | -€1,558 | -35.3% |
| Financial fixed assets | 28 | €921 | €921 | = | 0.0% |
| Current assets | 29/58 | €588,497 | €621,015 | +€32,518 | +5.5% |
| Amounts receivable after more than one year | 29 | - | €133,000 | +€133,000 | |
| Other amounts receivable | 291 | - | €133,000 | +€133,000 | |
| Amounts receivable within one year | 40/41 | €181,400 | €257,235 | +€75,835 | +41.8% |
| Trade receivables | 40 | €0 | €74,835 | +€74,835 | |
| Other amounts receivable | 41 | €181,400 | €182,400 | +€1,000 | +0.6% |
| Cash at bank and in hand | 54/58 | €396,703 | €228,422 | -€168,281 | -42.4% |
| Deferred charges and accrued income | 490/1 | €10,394 | €2,359 | -€8,036 | -77.3% |
| Total equity and liabilities | 10/49 | €593,827 | €624,786 | +€30,960 | +5.2% |
| Equity | 10/15 | €99,246 | €100,015 | +€769 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,860 | €76,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,786 | €4,555 | +€769 | +20.3% |
| Amounts payable | 17/49 | €494,580 | €524,771 | +€30,191 | +6.1% |
| Amounts payable within one year | 42/48 | €494,580 | €524,771 | +€30,191 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €30,294 | +€30,294 | |
| Trade debts | 44 | €21,669 | €53,498 | +€31,829 | +147% |
| Suppliers | 440/4 | €21,669 | €53,498 | +€31,829 | +147% |
| Taxes, remuneration and social security | 45 | €83,945 | €85,451 | +€1,506 | +1.8% |
| Taxes | 450/3 | €50,994 | €45,459 | -€5,535 | -10.9% |
| Remuneration and social security | 454/9 | €32,951 | €39,992 | +€7,042 | +21.4% |
| Other amounts payable | 47/48 | €388,967 | €355,528 | -€33,439 | -8.6% |
| Remuneration, social security and pensions | 62 | €315,075 | €427,080 | +€112,004 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €1,558 | -€199 | -11.3% |
| Other operating charges | 640/8 | €6,397 | €6,775 | +€379 | +5.9% |
| Gross operating margin | 9900 | €854,090 | €879,665 | +€25,575 | +3.0% |
| Operating profit (loss) | 9901 | €530,860 | €444,252 | -€86,608 | -16.3% |
| Financial income | 75/76B | €330 | €3,990 | +€3,660 | +1,109% |
| Recurring financial income | 75 | €330 | €3,990 | +€3,660 | +1,109% |
| Financial charges | 65/66B | €7,017 | €3,811 | -€3,206 | -45.7% |
| Recurring financial charges | 65 | €7,017 | €3,811 | -€3,206 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €524,173 | €444,431 | -€79,743 | -15.2% |
| Income taxes | 67/77 | €135,604 | €115,662 | -€19,942 | -14.7% |
| Profit (loss) for the period | 9904 | €388,569 | €328,769 | -€59,800 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €388,569 | €328,769 | -€59,800 | -15.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.