DIFFUSION ET MANAGEMENT: 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.
What changed
DIFFUSION ET MANAGEMENT
NACE 47.721, Retail sale of footwear
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€3,599
2025 · -€113,414+€117,013
Equity
€359,319
2025 · €355,720+€3,599
Cash
€28,769
2025 · €39,425-€10,656
Balance sheet total
€1.6m
2025 · €1.4m+€240,298
Largest movements
Assets
- Receivables within one year +€228,407
up €228,407 (+15042.9%), from €1,518 to €229,925
of which Trade receivables: +€229,925
- Stocks and contracts +€22,653
up €22,653 (+4.1%), from €556,214 to €578,867
- Tangible fixed assets -€16,608
down €16,608 (-2.2%), from €762,828 to €746,220
of which Leasing and similar rights: -€30,492
- Financial fixed assets +€16,250
up €16,250, from €0 to €16,250
Equity and liabilities
- Other debts +€315,129
up €315,129 (+2904.4%), from €10,850 to €325,979
- Current portion of long-term debt -€105,582
down €105,582 (-64.2%), from €164,431 to €58,849
- Trade debts +€26,703
up €26,703 (+101.6%), from €26,292 to €52,996
Income statement
- Turnover -€2.3m
no longer reported in 2026 (was €2.3m)
- Purchases and services -€1.8m
no longer reported in 2026 (was €1.8m)
- Write-downs -€156,339
down €156,339 (-185.9%), from -€84,093 to -€240,433
- Gross operating margin -€87,515
down €87,515 (-17.2%), from €507,434 to €419,920
- Staff costs -€66,542
down €66,542 (-11.4%), from €586,080 to €519,538
From the 2025 result to the 2026 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.
Result 2025
-€113,414
Gross operating margin
-€87,515
Staff costs
+€66,542
Depreciation
-€5,625
Write-downs
+€156,339
Other operating charges
-€5,513
Other operating items
-€13,580
Financial income
+€44
Financial charges
+€6,321
Taxes
-€2
Result 2026
€3,599
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€170,510
Investment
-€69,450
Financing
-€111,717
Cash 2025
€39,425
From operations (derived)
+€170,510
Net result for the year
+€3,599
Depreciation
+€69,807
Stocks and contracts
-€22,653
Receivables within one year
-€228,407
Deferred charges and accrued income
-€253
Trade debts
+€26,703
Tax, wage and social debts
-€916
Other debts
+€315,129
Accrued charges and deferred income
+€7,500
Investment (derived)
-€69,450
Investment in fixed assets (net)
-€69,450
Financing
-€111,717
Debts after one year
-€6,135
Current portion of long-term debt
-€105,582
Cash 2026
€28,769
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,117 | €1,602,415 | +€240,298 | +17.6% |
| Fixed assets | 21/28 | €762,828 | €762,470 | -€358 | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €762,828 | €746,220 | -€16,608 | -2.2% |
| Plant, machinery and equipment | 23 | €89,315 | €92,176 | +€2,860 | +3.2% |
| Furniture and vehicles | 24 | €8,384 | €19,407 | +€11,023 | +131.5% |
| Leasing and similar rights | 25 | €665,129 | €634,637 | -€30,492 | -4.6% |
| Financial fixed assets | 28 | €0 | €16,250 | +€16,250 | |
| Current assets | 29/58 | €599,289 | €839,944 | +€240,656 | +40.2% |
| Stocks and contracts in progress | 3 | €556,214 | €578,867 | +€22,653 | +4.1% |
| Stocks | 30/36 | €556,214 | €578,867 | +€22,653 | +4.1% |
| Amounts receivable within one year | 40/41 | €1,518 | €229,925 | +€228,407 | +15042.9% |
| Trade receivables | 40 | €0 | €229,925 | +€229,925 | |
| Other amounts receivable | 41 | €1,518 | - | -€1,518 | |
| Cash at bank and in hand | 54/58 | €39,425 | €28,769 | -€10,656 | -27.0% |
| Deferred charges and accrued income | 490/1 | €2,131 | €2,384 | +€253 | +11.9% |
| Total equity and liabilities | 10/49 | €1,362,117 | €1,602,415 | +€240,298 | +17.6% |
| Equity | 10/15 | €355,720 | €359,319 | +€3,599 | +1.0% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Revaluation surpluses | 12 | €270,417 | €258,125 | -€12,292 | -4.5% |
| Reserves | 13 | €24,583 | €36,875 | +€12,292 | +50.0% |
| Distributable reserves | 133 | €24,583 | €36,875 | +€12,292 | +50.0% |
| Profit (loss) carried forward | 14 | -€389,280 | -€385,681 | +€3,599 | +0.9% |
| Amounts payable | 17/49 | €1,006,396 | €1,243,095 | +€236,699 | +23.5% |
| Amounts payable after more than one year | 17 | €476,017 | €469,882 | -€6,135 | -1.3% |
| Financial debts | 170/4 | €476,017 | €469,882 | -€6,135 | -1.3% |
| Amounts payable within one year | 42/48 | €530,379 | €765,713 | +€235,334 | +44.4% |
| Current portion of amounts payable after more than one year | 42 | €164,431 | €58,849 | -€105,582 | -64.2% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €26,292 | €52,996 | +€26,703 | +101.6% |
| Suppliers | 440/4 | €26,292 | €52,996 | +€26,703 | +101.6% |
| Taxes, remuneration and social security | 45 | €78,806 | €77,889 | -€916 | -1.2% |
| Taxes | 450/3 | €2,341 | €2,560 | +€219 | +9.4% |
| Remuneration and social security | 454/9 | €76,465 | €75,329 | -€1,135 | -1.5% |
| Other amounts payable | 47/48 | €10,850 | €325,979 | +€315,129 | +2904.4% |
| Accrued charges and deferred income | 492/3 | €0 | €7,500 | +€7,500 | |
| Turnover | 70 | €2,267,075 | - | -€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,772,509 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €586,080 | €519,538 | -€66,542 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,183 | €69,807 | +€5,625 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€84,093 | -€240,433 | -€156,339 | -185.9% |
| Other operating charges | 640/8 | €1,948 | €7,461 | +€5,513 | +283.1% |
| Non-recurring operating charges | 66A | €10,850 | €24,430 | +€13,580 | +125.2% |
| Gross operating margin | 9900 | €507,434 | €419,920 | -€87,515 | -17.2% |
| Operating profit (loss) | 9901 | -€71,532 | €39,117 | +€110,649 | |
| Financial income | 75/76B | €0 | €44 | +€44 | +222200.0% |
| Recurring financial income | 75 | €0 | €44 | +€44 | +222200.0% |
| Financial charges | 65/66B | €41,707 | €35,386 | -€6,321 | -15.2% |
| Recurring financial charges | 65 | €41,707 | €35,386 | -€6,321 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€113,239 | €3,775 | +€117,015 | |
| Income taxes | 67/77 | €175 | €177 | +€2 | +0.9% |
| Profit (loss) for the period | 9904 | -€113,414 | €3,599 | +€117,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€113,414 | €3,599 | +€117,013 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.