DUBUISSON-HERREMAN: 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.
DUBUISSON-HERREMAN
Largest movements
- Tangible fixed assets -€24,915
down €24,915 (-10.5%), from €236,164 to €211,249
of which Land and buildings: -€14,611
- Cash +€21,699
up €21,699 (+14.7%), from €147,121 to €168,820
mainly Depreciation (+€24,915) and Net result for the year (+€9,973)
- Receivables within one year -€9,382
down €9,382 (-35.6%), from €26,367 to €16,985
of which Trade receivables: -€9,041
- Debts after one year -€13,785
down €13,785 (-30.9%), from €44,540 to €30,756
of which Financial debts: -€13,785
- Current portion of long-term debt -€12,881
down €12,881 (-48.3%), from €26,666 to €13,785
- Profit (loss) carried forward +€9,973
up €9,973 (+998%), from €1,000 to €10,972
- Turnover -€204,847
no longer reported in 2025 (was €204,847)
- Depreciation -€12,580
down €12,580 (-33.6%), from €37,495 to €24,915
- Gross operating margin +€7,093
up €7,093 (+9.2%), from €77,413 to €84,506
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 | €698,262 | €677,482 | -€20,780 | -3.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €236,164 | €211,249 | -€24,915 | -10.5% |
| Tangible fixed assets | 22/27 | €236,164 | €211,249 | -€24,915 | -10.5% |
| Land and buildings | 22 | €152,765 | €138,154 | -€14,611 | -9.6% |
| Plant, machinery and equipment | 23 | €82,438 | €72,685 | -€9,753 | -11.8% |
| Furniture and vehicles | 24 | €961 | €410 | -€551 | -57.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €462,099 | €466,234 | +€4,135 | +0.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €28,140 | €23,594 | -€4,546 | -16.2% |
| Stocks | 30/36 | €28,140 | €23,594 | -€4,546 | -16.2% |
| Amounts receivable within one year | 40/41 | €26,367 | €16,985 | -€9,382 | -35.6% |
| Trade receivables | 40 | €26,026 | €16,985 | -€9,041 | -34.7% |
| Other amounts receivable | 41 | €341 | - | -€341 | |
| Current investments | 50/53 | €257,022 | €256,834 | -€188 | -0.1% |
| Cash at bank and in hand | 54/58 | €147,121 | €168,820 | +€21,699 | +14.7% |
| Deferred charges and accrued income | 490/1 | €3,449 | - | -€3,449 | |
| Total equity and liabilities | 10/49 | €698,262 | €677,482 | -€20,780 | -3.0% |
| Equity | 10/15 | €589,065 | €599,038 | +€9,973 | +1.7% |
| Contributions | 10/11 | €498,065 | €498,065 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,000 | €10,972 | +€9,973 | +998% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Amounts payable | 17/49 | €109,197 | €78,445 | -€30,753 | -28.2% |
| Amounts payable after more than one year | 17 | €44,540 | €30,756 | -€13,785 | -30.9% |
| Financial debts | 170/4 | €44,169 | €30,384 | -€13,785 | -31.2% |
| Other amounts payable | 178/9 | €372 | €372 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,011 | €46,434 | -€12,577 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €26,666 | €13,785 | -€12,881 | -48.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,948 | €9,184 | +€236 | +2.6% |
| Suppliers | 440/4 | €8,948 | €9,184 | +€236 | +2.6% |
| Taxes, remuneration and social security | 45 | €3,252 | €3,790 | +€538 | +16.5% |
| Taxes | 450/3 | €301 | €125 | -€176 | -58.5% |
| Remuneration and social security | 454/9 | €2,952 | €3,665 | +€714 | +24.2% |
| Other amounts payable | 47/48 | €20,145 | €19,676 | -€469 | -2.3% |
| Accrued charges and deferred income | 492/3 | €5,646 | €1,255 | -€4,391 | -77.8% |
| Turnover | 70 | €204,847 | - | -€204,847 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,811 | €37,540 | -€1,271 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,495 | €24,915 | -€12,580 | -33.6% |
| Other operating charges | 640/8 | €9,742 | €8,264 | -€1,478 | -15.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €77,413 | €84,506 | +€7,093 | +9.2% |
| Operating profit (loss) | 9901 | -€8,636 | €13,788 | +€22,423 | |
| Financial income | 75/76B | €12 | €28 | +€16 | +139% |
| Recurring financial income | 75 | €12 | €28 | +€16 | +139% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,885 | €3,849 | -€1,035 | -21.2% |
| Recurring financial charges | 65 | €4,885 | €3,849 | -€1,035 | -21.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€13,508 | €9,967 | +€23,475 | |
| Income taxes | 67/77 | €0 | -€6 | -€6 | |
| Profit (loss) for the period | 9904 | -€13,508 | €9,973 | +€23,481 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,508 | €9,973 | +€23,481 |
Source: filed annual accounts (NBB), financial years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.