Dufour: 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.
Dufour
Largest movements
- Cash +€127,457
up €127,457 (+96.2%), from €132,498 to €259,955
mainly Net result for the year (+€120,394) and Receivables within one year (+€15,641)
- Receivables within one year -€15,641
down €15,641 (-23.9%), from €65,428 to €49,787
of which Trade receivables: -€15,581
- Tangible fixed assets -€11,230
down €11,230 (-27.2%), from €41,286 to €30,056
- Reserves +€120,394
up €120,394 (+69.9%), from €172,323 to €292,717
- Tax, wage and social debts -€12,910
down €12,910 (-23.5%), from €54,891 to €41,981
- Other debts -€6,510
down €6,510 (-90.7%), from €7,177 to €667
- Gross operating margin -€12,239
down €12,239 (-6.8%), from €179,436 to €167,197
- Taxes -€2,158
down €2,158 (-5.8%), from €37,286 to €35,127
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 | €240,381 | €341,119 | +€100,739 | +41.9% |
| Fixed assets | 21/28 | €41,286 | €30,056 | -€11,230 | -27.2% |
| Tangible fixed assets | 22/27 | €41,286 | €30,056 | -€11,230 | -27.2% |
| Furniture and vehicles | 24 | €41,286 | €30,056 | -€11,230 | -27.2% |
| Current assets | 29/58 | €199,095 | €311,063 | +€111,968 | +56.2% |
| Amounts receivable within one year | 40/41 | €65,428 | €49,787 | -€15,641 | -23.9% |
| Trade receivables | 40 | €65,368 | €49,787 | -€15,581 | -23.8% |
| Other amounts receivable | 41 | €60 | - | -€60 | |
| Cash at bank and in hand | 54/58 | €132,498 | €259,955 | +€127,457 | +96.2% |
| Deferred charges and accrued income | 490/1 | €1,169 | €1,321 | +€153 | +13.1% |
| Total equity and liabilities | 10/49 | €240,381 | €341,119 | +€100,739 | +41.9% |
| Equity | 10/15 | €175,323 | €295,717 | +€120,394 | +68.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €172,323 | €292,717 | +€120,394 | +69.9% |
| Distributable reserves | 133 | €172,323 | €292,717 | +€120,394 | +69.9% |
| Amounts payable | 17/49 | €65,057 | €45,402 | -€19,655 | -30.2% |
| Amounts payable within one year | 42/48 | €65,057 | €45,402 | -€19,655 | -30.2% |
| Trade debts | 44 | €2,989 | €2,754 | -€235 | -7.9% |
| Suppliers | 440/4 | €2,989 | €2,754 | -€235 | -7.9% |
| Taxes, remuneration and social security | 45 | €54,891 | €41,981 | -€12,910 | -23.5% |
| Taxes | 450/3 | €54,891 | €41,981 | -€12,910 | -23.5% |
| Other amounts payable | 47/48 | €7,177 | €667 | -€6,510 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,230 | €11,230 | = | 0.0% |
| Other operating charges | 640/8 | €193 | €195 | +€2 | +1.0% |
| Gross operating margin | 9900 | €179,436 | €167,197 | -€12,239 | -6.8% |
| Operating profit (loss) | 9901 | €168,013 | €155,772 | -€12,241 | -7.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €254 | €252 | -€2 | -0.7% |
| Recurring financial charges | 65 | €254 | €252 | -€2 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €167,760 | €155,521 | -€12,239 | -7.3% |
| Income taxes | 67/77 | €37,286 | €35,127 | -€2,158 | -5.8% |
| Profit (loss) for the period | 9904 | €130,474 | €120,394 | -€10,080 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,474 | €120,394 | -€10,080 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.