DUFEMA: 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.
DUFEMA
Largest movements
- Cash +€65,146
up €65,146 (+13.1%), from €499,003 to €564,149
mainly Other debts (+€257,339) and Net result for the year (+€63,912)
- Other debts +€257,339
up €257,339 (+98.2%), from €262,093 to €519,432
- Reserves -€185,405
down €185,405 (-71.3%), from €260,152 to €74,747
- Tax, wage and social debts +€59,976
up €59,976 (+811.7%), from €7,389 to €67,365
of which Taxes: +€55,056
- Profit (loss) carried forward -€50,683
down €50,683 (-100.0%), from €50,683 to €0
- Accrued charges and deferred income -€9,172
down €9,172 (-80.6%), from €11,386 to €2,214
- Gross operating margin +€10,678
up €10,678 (+11.6%), from €92,139 to €102,817
- Financial income -€3,590
down €3,590 (-98.6%), from €3,643 to €53
- Financial charges +€2,428
up €2,428 (+112.7%), from €2,155 to €4,583
- Depreciation -€1,983
down €1,983 (-24.4%), from €8,132 to €6,148
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 | €614,923 | €684,377 | +€69,454 | +11.3% |
| Fixed assets | 21/28 | €36,371 | €35,567 | -€803 | -2.2% |
| Tangible fixed assets | 22/27 | €35,771 | €34,967 | -€803 | -2.2% |
| Land and buildings | 22 | €824 | €644 | -€180 | -21.9% |
| Plant, machinery and equipment | 23 | €1,022 | €574 | -€448 | -43.9% |
| Furniture and vehicles | 24 | €33,924 | €33,749 | -€175 | -0.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €578,553 | €648,810 | +€70,257 | +12.1% |
| Amounts receivable within one year | 40/41 | €48,037 | €54,614 | +€6,577 | +13.7% |
| Trade receivables | 40 | €48,037 | €52,047 | +€4,010 | +8.3% |
| Other amounts receivable | 41 | - | €2,567 | +€2,567 | |
| Current investments | 50/53 | €30,047 | €30,047 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €499,003 | €564,149 | +€65,146 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,466 | €0 | -€1,466 | -100.0% |
| Total equity and liabilities | 10/49 | €614,923 | €684,377 | +€69,454 | +11.3% |
| Equity | 10/15 | €329,434 | €93,347 | -€236,088 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,152 | €74,747 | -€185,405 | -71.3% |
| Distributable reserves | 133 | €260,152 | €74,747 | -€185,405 | -71.3% |
| Profit (loss) carried forward | 14 | €50,683 | €0 | -€50,683 | -100.0% |
| Amounts payable | 17/49 | €285,489 | €591,031 | +€305,542 | +107.0% |
| Amounts payable within one year | 42/48 | €274,103 | €588,817 | +€314,714 | +114.8% |
| Trade debts | 44 | €4,620 | €2,019 | -€2,601 | -56.3% |
| Suppliers | 440/4 | €4,620 | €2,019 | -€2,601 | -56.3% |
| Taxes, remuneration and social security | 45 | €7,389 | €67,365 | +€59,976 | +811.7% |
| Taxes | 450/3 | €7,389 | €62,445 | +€55,056 | +745.1% |
| Remuneration and social security | 454/9 | - | €4,920 | +€4,920 | |
| Other amounts payable | 47/48 | €262,093 | €519,432 | +€257,339 | +98.2% |
| Accrued charges and deferred income | 492/3 | €11,386 | €2,214 | -€9,172 | -80.6% |
| Non-recurring operating income | 76A | - | €13,304 | +€13,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,132 | €6,148 | -€1,983 | -24.4% |
| Other operating charges | 640/8 | €795 | €446 | -€349 | -43.9% |
| Non-recurring operating charges | 66A | - | €10,347 | +€10,347 | |
| Gross operating margin | 9900 | €92,139 | €102,817 | +€10,678 | +11.6% |
| Operating profit (loss) | 9901 | €83,213 | €85,875 | +€2,662 | +3.2% |
| Financial income | 75/76B | €3,643 | €53 | -€3,590 | -98.6% |
| Recurring financial income | 75 | €3,643 | €53 | -€3,590 | -98.6% |
| Financial charges | 65/66B | €2,155 | €4,583 | +€2,428 | +112.7% |
| Recurring financial charges | 65 | €2,155 | €4,583 | +€2,428 | +112.7% |
| Profit (loss) for the period before taxes | 9903 | €84,701 | €81,345 | -€3,356 | -4.0% |
| Income taxes | 67/77 | €18,093 | €17,433 | -€661 | -3.7% |
| Profit (loss) for the period | 9904 | €66,607 | €63,912 | -€2,695 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,607 | €63,912 | -€2,695 | -4.0% |
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 7 October 2026 via checked.be.