Duforma: 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.
Duforma
Largest movements
- Cash +€18,725
up €18,725 (+94.3%), from €19,853 to €38,578
mainly Net result for the year (+€20,374) and Trade debts (+€4,030)
- Receivables within one year +€10,050
up €10,050 (+163.5%), from €6,145 to €16,196
of which Trade receivables: +€8,670
- Tangible fixed assets -€2,942
down €2,942 (-26.8%), from €10,980 to €8,038
- Reserves +€19,541
up €19,541 (+88.9%), from €21,976 to €41,517
- Trade debts +€4,030
up €4,030 (+460.3%), from €876 to €4,906
- Other debts +€1,735
up €1,735 (+208.3%), from €833 to €2,568
- Taxes -€2,413
down €2,413 (-31.5%), from €7,653 to €5,240
- Gross operating margin -€2,409
down €2,409 (-7.6%), from €31,687 to €29,278
- Depreciation +€2,389
up €2,389 (+329.4%), from €725 to €3,115
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 | €38,182 | €64,038 | +€25,855 | +67.7% |
| Fixed assets | 21/28 | €11,802 | €8,688 | -€3,115 | -26.4% |
| Intangible fixed assets | 21 | €822 | €650 | -€173 | -21.0% |
| Tangible fixed assets | 22/27 | €10,980 | €8,038 | -€2,942 | -26.8% |
| Furniture and vehicles | 24 | €10,980 | €8,038 | -€2,942 | -26.8% |
| Current assets | 29/58 | €26,380 | €55,350 | +€28,970 | +109.8% |
| Amounts receivable within one year | 40/41 | €6,145 | €16,196 | +€10,050 | +163.5% |
| Trade receivables | 40 | €4,888 | €13,558 | +€8,670 | +177.4% |
| Other amounts receivable | 41 | €1,258 | €2,638 | +€1,380 | +109.7% |
| Cash at bank and in hand | 54/58 | €19,853 | €38,578 | +€18,725 | +94.3% |
| Deferred charges and accrued income | 490/1 | €382 | €576 | +€195 | +50.9% |
| Total equity and liabilities | 10/49 | €38,182 | €64,038 | +€25,855 | +67.7% |
| Equity | 10/15 | €24,976 | €44,517 | +€19,541 | +78.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,976 | €41,517 | +€19,541 | +88.9% |
| Distributable reserves | 133 | €21,976 | €41,517 | +€19,541 | +88.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,206 | €19,520 | +€6,314 | +47.8% |
| Amounts payable within one year | 42/48 | €13,206 | €19,520 | +€6,314 | +47.8% |
| Trade debts | 44 | €876 | €4,906 | +€4,030 | +460.3% |
| Suppliers | 440/4 | €876 | €4,906 | +€4,030 | +460.3% |
| Taxes, remuneration and social security | 45 | €11,497 | €12,046 | +€549 | +4.8% |
| Taxes | 450/3 | €11,497 | €12,046 | +€549 | +4.8% |
| Other amounts payable | 47/48 | €833 | €2,568 | +€1,735 | +208.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €3,115 | +€2,389 | +329.4% |
| Other operating charges | 640/8 | €505 | €546 | +€42 | +8.2% |
| Gross operating margin | 9900 | €31,687 | €29,278 | -€2,409 | -7.6% |
| Operating profit (loss) | 9901 | €30,457 | €25,617 | -€4,840 | -15.9% |
| Financial income | 75/76B | €18 | €39 | +€21 | +118.9% |
| Recurring financial income | 75 | €18 | €39 | +€21 | +118.9% |
| Financial charges | 65/66B | €12 | €42 | +€29 | +237.3% |
| Recurring financial charges | 65 | €12 | €42 | +€29 | +237.3% |
| Profit (loss) for the period before taxes | 9903 | €30,462 | €25,614 | -€4,848 | -15.9% |
| Income taxes | 67/77 | €7,653 | €5,240 | -€2,413 | -31.5% |
| Profit (loss) for the period | 9904 | €22,809 | €20,374 | -€2,435 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,809 | €20,374 | -€2,435 | -10.7% |
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 9 October 2026 via checked.be.