Caroline 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.
Caroline Dumoulin
Largest movements
- Cash -€11,141
down €11,141 (-27.0%), from €41,194 to €30,053
mainly Contributions, distributions and other (-€15,000) and Other debts (-€9,672)
- Receivables after one year -€11,000
down €11,000 (-100%), from €11,000 to €0
- Tangible fixed assets -€10,571
down €10,571 (-92.4%), from €11,439 to €869
of which Furniture and vehicles: -€10,068
- Receivables within one year +€6,235
up €6,235 (+257%), from €2,423 to €8,658
of which Trade receivables: +€3,356
- Deferred charges and accrued income +€3,147
up €3,147 (+344%), from €915 to €4,062
- Profit (loss) carried forward -€17,107
down €17,107 (-63.9%), from €26,757 to €9,650
- Other debts -€9,672
down €9,672 (-29.7%), from €32,536 to €22,864
- Trade debts +€4,760
up €4,760 (+340%), from €1,401 to €6,161
- Advances received -€1,575
down €1,575 (-100%), from €1,575 to €0
- Gross operating margin -€6,794
down €6,794 (-33.9%), from €20,031 to €13,237
- Depreciation -€3,301
down €3,301 (-82.3%), from €4,008 to €708
- Taxes -€2,867
down €2,867 (-73.9%), from €3,879 to €1,012
- Financial charges +€2,242
up €2,242 (+179%), from €1,256 to €3,498
of which Financial charges: +€2,359
- Other operating charges -€303
down €303 (-43.1%), from €703 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.
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 | €67,076 | €43,747 | -€23,329 | -34.8% |
| Fixed assets | 21/28 | €11,544 | €974 | -€10,571 | -91.6% |
| Tangible fixed assets | 22/27 | €11,439 | €869 | -€10,571 | -92.4% |
| Plant, machinery and equipment | 23 | €1,286 | €783 | -€503 | -39.1% |
| Furniture and vehicles | 24 | €10,154 | €86 | -€10,068 | -99.2% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €55,532 | €42,773 | -€12,759 | -23.0% |
| Amounts receivable after more than one year | 29 | €11,000 | €0 | -€11,000 | -100% |
| Other amounts receivable | 291 | €11,000 | €0 | -€11,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,423 | €8,658 | +€6,235 | +257% |
| Trade receivables | 40 | €1,302 | €4,658 | +€3,356 | +258% |
| Other amounts receivable | 41 | €1,121 | €4,000 | +€2,879 | +257% |
| Cash at bank and in hand | 54/58 | €41,194 | €30,053 | -€11,141 | -27.0% |
| Deferred charges and accrued income | 490/1 | €915 | €4,062 | +€3,147 | +344% |
| Total equity and liabilities | 10/49 | €67,076 | €43,747 | -€23,329 | -34.8% |
| Equity | 10/15 | €29,757 | €12,650 | -€17,107 | -57.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,757 | €9,650 | -€17,107 | -63.9% |
| Amounts payable | 17/49 | €37,319 | €31,097 | -€6,223 | -16.7% |
| Amounts payable within one year | 42/48 | €37,319 | €31,097 | -€6,223 | -16.7% |
| Trade debts | 44 | €1,401 | €6,161 | +€4,760 | +340% |
| Suppliers | 440/4 | €1,401 | €6,161 | +€4,760 | +340% |
| Advances received on contracts in progress | 46 | €1,575 | €0 | -€1,575 | -100% |
| Taxes, remuneration and social security | 45 | €1,807 | €2,071 | +€265 | +14.6% |
| Taxes | 450/3 | €1,807 | €1,911 | +€105 | +5.8% |
| Remuneration and social security | 454/9 | - | €160 | +€160 | |
| Other amounts payable | 47/48 | €32,536 | €22,864 | -€9,672 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €708 | -€3,301 | -82.3% |
| Other operating charges | 640/8 | €703 | €400 | -€303 | -43.1% |
| Non-recurring operating charges | 66A | - | €9,863 | +€9,863 | |
| Gross operating margin | 9900 | €20,031 | €13,237 | -€6,794 | -33.9% |
| Operating profit (loss) | 9901 | €15,319 | €2,266 | -€13,053 | -85.2% |
| Financial income | 75/76B | €283 | €137 | -€146 | -51.7% |
| Recurring financial income | 75 | €283 | €137 | -€146 | -51.7% |
| Financial charges | 65/66B | €1,256 | €3,498 | +€2,242 | +179% |
| Recurring financial charges | 65 | €1,139 | €3,498 | +€2,359 | +207% |
| Non-recurring financial charges | 66B | €117 | - | -€117 | |
| Profit (loss) for the period before taxes | 9903 | €14,346 | -€1,095 | -€15,441 | |
| Income taxes | 67/77 | €3,879 | €1,012 | -€2,867 | -73.9% |
| Profit (loss) for the period | 9904 | €10,468 | -€2,107 | -€12,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,468 | -€2,107 | -€12,575 |
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 28 October 2026 via checked.be.