Dufest: 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.
Dufest
Largest movements
- Receivables within one year +€59,192
up €59,192 (+505%), from €11,719 to €70,911
of which Trade receivables: +€53,120
- Tangible fixed assets +€34,134
up €34,134 (+43.1%), from €79,256 to €113,390
of which Furniture and vehicles: +€44,447
- Cash +€30,208
up €30,208 (+41.6%), from €72,675 to €102,882
mainly Net result for the year (+€50,373) and Trade debts (+€34,356)
- Stocks and contracts -€13,207
down €13,207 (-21.9%), from €60,330 to €47,123
- Reserves +€130,549
new in 2025: €130,549
- Profit (loss) carried forward -€80,176
down €80,176 (-61.4%), from €130,549 to €50,373
- Trade debts +€34,356
up €34,356 (+228%), from €15,065 to €49,421
- Debts after one year +€14,404
up €14,404 (+108%), from €13,383 to €27,788
- Current portion of long-term debt +€8,749
up €8,749 (+66.7%), from €13,121 to €21,870
- Depreciation +€6,606
up €6,606 (+29.8%), from €22,161 to €28,766
- Staff costs +€5,364
up €5,364 (+15.8%), from €33,943 to €39,307
- Taxes -€2,841
down €2,841 (-12.9%), from €22,025 to €19,185
- Gross operating margin +€1,467
up €1,467 (+1.1%), from €138,852 to €140,318
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 | €225,933 | €336,058 | +€110,126 | +48.7% |
| Fixed assets | 21/28 | €80,570 | €113,390 | +€32,821 | +40.7% |
| Intangible fixed assets | 21 | €1,313 | - | -€1,313 | |
| Tangible fixed assets | 22/27 | €79,256 | €113,390 | +€34,134 | +43.1% |
| Plant, machinery and equipment | 23 | €595 | €280 | -€315 | -52.9% |
| Furniture and vehicles | 24 | €5,177 | €49,624 | +€44,447 | +858% |
| Other tangible fixed assets | 26 | €73,484 | €63,486 | -€9,998 | -13.6% |
| Current assets | 29/58 | €145,363 | €222,668 | +€77,305 | +53.2% |
| Stocks and contracts in progress | 3 | €60,330 | €47,123 | -€13,207 | -21.9% |
| Stocks | 30/36 | €60,330 | €47,123 | -€13,207 | -21.9% |
| Amounts receivable within one year | 40/41 | €11,719 | €70,911 | +€59,192 | +505% |
| Trade receivables | 40 | €1,209 | €54,329 | +€53,120 | +4,395% |
| Other amounts receivable | 41 | €10,510 | €16,582 | +€6,072 | +57.8% |
| Cash at bank and in hand | 54/58 | €72,675 | €102,882 | +€30,208 | +41.6% |
| Deferred charges and accrued income | 490/1 | €639 | €1,751 | +€1,112 | +174% |
| Total equity and liabilities | 10/49 | €225,933 | €336,058 | +€110,126 | +48.7% |
| Equity | 10/15 | €149,149 | €199,523 | +€50,373 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €130,549 | +€130,549 | |
| Distributable reserves | 133 | - | €130,549 | +€130,549 | |
| Profit (loss) carried forward | 14 | €130,549 | €50,373 | -€80,176 | -61.4% |
| Amounts payable | 17/49 | €76,783 | €136,536 | +€59,752 | +77.8% |
| Amounts payable after more than one year | 17 | €13,383 | €27,788 | +€14,404 | +108% |
| Financial debts | 170/4 | €13,383 | €27,788 | +€14,404 | +108% |
| Amounts payable within one year | 42/48 | €63,358 | €100,935 | +€37,576 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €13,121 | €21,870 | +€8,749 | +66.7% |
| Trade debts | 44 | €15,065 | €49,421 | +€34,356 | +228% |
| Suppliers | 440/4 | €15,065 | €49,421 | +€34,356 | +228% |
| Taxes, remuneration and social security | 45 | €19,643 | €17,700 | -€1,943 | -9.9% |
| Taxes | 450/3 | €14,847 | €12,783 | -€2,064 | -13.9% |
| Remuneration and social security | 454/9 | €4,797 | €4,918 | +€121 | +2.5% |
| Other amounts payable | 47/48 | €15,530 | €11,943 | -€3,586 | -23.1% |
| Accrued charges and deferred income | 492/3 | €42 | €7,813 | +€7,772 | +18,579% |
| Remuneration, social security and pensions | 62 | €33,943 | €39,307 | +€5,364 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,161 | €28,766 | +€6,606 | +29.8% |
| Other operating charges | 640/8 | €1,139 | €1,230 | +€91 | +8.0% |
| Gross operating margin | 9900 | €138,852 | €140,318 | +€1,467 | +1.1% |
| Operating profit (loss) | 9901 | €81,610 | €71,015 | -€10,595 | -13.0% |
| Financial income | 75/76B | €2,703 | €2,277 | -€426 | -15.8% |
| Recurring financial income | 75 | €2,703 | €2,277 | -€426 | -15.8% |
| Financial charges | 65/66B | €2,384 | €3,734 | +€1,350 | +56.6% |
| Recurring financial charges | 65 | €2,384 | €3,734 | +€1,350 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €81,928 | €69,558 | -€12,370 | -15.1% |
| Income taxes | 67/77 | €22,025 | €19,185 | -€2,841 | -12.9% |
| Profit (loss) for the period | 9904 | €59,903 | €50,373 | -€9,529 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,903 | €50,373 | -€9,529 | -15.9% |
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 27 October 2026 via checked.be.