DUFORRET: 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.
DUFORRET
Largest movements
- Current investments +€25,000
up €25,000 (+16.7%), from €150,000 to €175,000
- Cash -€3,031
down €3,031 (-5.5%), from €55,116 to €52,085
mainly Current investments (-€25,000) and Investment in fixed assets (net) (-€1,599)
- Reserves +€21,210
up €21,210 (+10.4%), from €204,755 to €225,966
- Gross operating margin -€10,434
down €10,434 (-26.4%), from €39,525 to €29,091
- Taxes -€3,509
down €3,509 (-25.2%), from €13,940 to €10,430
- Financial income -€561
down €561 (-13.7%), from €4,108 to €3,547
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 | €214,894 | €235,965 | +€21,072 | +9.8% |
| Fixed assets | 21/28 | €548 | €1,323 | +€775 | +141.4% |
| Tangible fixed assets | 22/27 | €548 | €1,323 | +€775 | +141.4% |
| Plant, machinery and equipment | 23 | €548 | €1,323 | +€775 | +141.4% |
| Current assets | 29/58 | €214,346 | €234,642 | +€20,297 | +9.5% |
| Amounts receivable within one year | 40/41 | €8,762 | €7,086 | -€1,676 | -19.1% |
| Trade receivables | 40 | €7,346 | €3,952 | -€3,394 | -46.2% |
| Other amounts receivable | 41 | €1,416 | €3,134 | +€1,717 | +121.2% |
| Current investments | 50/53 | €150,000 | €175,000 | +€25,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €55,116 | €52,085 | -€3,031 | -5.5% |
| Deferred charges and accrued income | 490/1 | €467 | €471 | +€4 | +0.9% |
| Total equity and liabilities | 10/49 | €214,894 | €235,965 | +€21,072 | +9.8% |
| Equity | 10/15 | €210,955 | €232,166 | +€21,210 | +10.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,755 | €225,966 | +€21,210 | +10.4% |
| Distributable reserves | 133 | €204,755 | €225,966 | +€21,210 | +10.4% |
| Amounts payable | 17/49 | €3,938 | €3,800 | -€139 | -3.5% |
| Amounts payable within one year | 42/48 | €3,731 | €3,800 | +€68 | +1.8% |
| Trade debts | 44 | €291 | €145 | -€146 | -50.2% |
| Suppliers | 440/4 | €291 | €145 | -€146 | -50.2% |
| Taxes, remuneration and social security | 45 | €1,335 | €2,137 | +€802 | +60.1% |
| Taxes | 450/3 | €1,335 | €2,137 | +€802 | +60.1% |
| Other amounts payable | 47/48 | €2,106 | €1,518 | -€588 | -27.9% |
| Accrued charges and deferred income | 492/3 | €207 | - | -€207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553 | €824 | +€271 | +49.1% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €39,525 | €29,091 | -€10,434 | -26.4% |
| Operating profit (loss) | 9901 | €38,847 | €28,139 | -€10,708 | -27.6% |
| Financial income | 75/76B | €4,108 | €3,547 | -€561 | -13.7% |
| Recurring financial income | 75 | €4,108 | €3,547 | -€561 | -13.7% |
| Financial charges | 65/66B | €45 | €45 | +€0 | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €42,910 | €31,641 | -€11,269 | -26.3% |
| Income taxes | 67/77 | €13,940 | €10,430 | -€3,509 | -25.2% |
| Profit (loss) for the period | 9904 | €28,970 | €21,210 | -€7,760 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,970 | €21,210 | -€7,760 | -26.8% |
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 11 October 2026 via checked.be.