DUFOUR TOURNAI: 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.
DUFOUR TOURNAI
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+58.9%), from €2.8m to €4.5m
of which Land and buildings: +€1.5m
- Stocks and contracts -€308,043
down €308,043 (-16.7%), from €1.8m to €1.5m
- Receivables within one year +€198,848
up €198,848 (+45.0%), from €442,364 to €641,212
of which Trade receivables: +€230,575
- Cash +€169,203
up €169,203 (+106%), from €159,138 to €328,341
mainly Debts after one year (+€1.2m) and Other debts (+€410,104)
- Debts after one year +€1.2m
up €1.2m (+55.9%), from €2.1m to €3.3m
- Other debts +€410,104
up €410,104 (+167%), from €245,097 to €655,201
- Reserves +€180,700
up €180,700 (+12.1%), from €1.5m to €1.7m
of which Non-distributable reserves: +€120,000
- Current portion of long-term debt +€150,514
up €150,514 (+70.0%), from €215,046 to €365,560
- Contributions -€120,000
no longer reported in 2025 (was €120,000)
- Staff costs +€160,404
up €160,404 (+40.7%), from €393,930 to €554,334
- Gross operating margin +€139,279
up €139,279 (+16.5%), from €843,487 to €982,766
- Depreciation +€124,409
up €124,409 (+167%), from €74,463 to €198,872
- Financial charges +€60,775
up €60,775 (+141%), from €43,235 to €104,010
- Taxes -€57,333
down €57,333 (-66.5%), from €86,167 to €28,834
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 | €5,310,504 | €7,067,135 | +€1.8m | +33.1% |
| Fixed assets | 21/28 | €2,861,582 | €4,531,846 | +€1.7m | +58.4% |
| Intangible fixed assets | 21 | €16,250 | €11,250 | -€5,000 | -30.8% |
| Tangible fixed assets | 22/27 | €2,845,062 | €4,520,326 | +€1.7m | +58.9% |
| Land and buildings | 22 | €2,630,668 | €4,161,494 | +€1.5m | +58.2% |
| Plant, machinery and equipment | 23 | €214,394 | €355,406 | +€141,012 | +65.8% |
| Furniture and vehicles | 24 | - | €3,426 | +€3,426 | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,448,922 | €2,535,289 | +€86,367 | +3.5% |
| Stocks and contracts in progress | 3 | €1,846,853 | €1,538,810 | -€308,043 | -16.7% |
| Stocks | 30/36 | €1,846,853 | €1,538,810 | -€308,043 | -16.7% |
| Amounts receivable within one year | 40/41 | €442,364 | €641,212 | +€198,848 | +45.0% |
| Trade receivables | 40 | €254,356 | €484,931 | +€230,575 | +90.7% |
| Other amounts receivable | 41 | €188,008 | €156,281 | -€31,727 | -16.9% |
| Cash at bank and in hand | 54/58 | €159,138 | €328,341 | +€169,203 | +106% |
| Deferred charges and accrued income | 490/1 | €567 | €26,926 | +€26,359 | +4,649% |
| Total equity and liabilities | 10/49 | €5,310,504 | €7,067,135 | +€1.8m | +33.1% |
| Equity | 10/15 | €1,612,686 | €1,673,386 | +€60,700 | +3.8% |
| Contributions | 10/11 | €120,000 | - | -€120,000 | |
| Reserves | 13 | €1,491,528 | €1,672,228 | +€180,700 | +12.1% |
| Non-distributable reserves | 130/1 | €12,000 | €132,000 | +€120,000 | +1,000% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Own shares acquired | 1312 | - | €120,000 | +€120,000 | |
| Distributable reserves | 133 | €1,479,528 | €1,540,228 | +€60,700 | +4.1% |
| Profit (loss) carried forward | 14 | €1,158 | €1,158 | = | 0.0% |
| Amounts payable | 17/49 | €3,697,818 | €5,393,749 | +€1.7m | +45.9% |
| Amounts payable after more than one year | 17 | €2,109,712 | €3,289,710 | +€1.2m | +55.9% |
| Financial debts | 170/4 | €2,109,712 | €3,289,710 | +€1.2m | +55.9% |
| Amounts payable within one year | 42/48 | €1,585,733 | €2,104,039 | +€518,306 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €215,046 | €365,560 | +€150,514 | +70.0% |
| Trade debts | 44 | €1,062,310 | €1,031,861 | -€30,449 | -2.9% |
| Suppliers | 440/4 | €1,062,310 | €1,031,861 | -€30,449 | -2.9% |
| Taxes, remuneration and social security | 45 | €63,280 | €51,417 | -€11,863 | -18.7% |
| Taxes | 450/3 | €22,137 | €27,541 | +€5,404 | +24.4% |
| Remuneration and social security | 454/9 | €41,143 | €23,876 | -€17,267 | -42.0% |
| Other amounts payable | 47/48 | €245,097 | €655,201 | +€410,104 | +167% |
| Accrued charges and deferred income | 492/3 | €2,373 | - | -€2,373 | |
| Remuneration, social security and pensions | 62 | €393,930 | €554,334 | +€160,404 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,463 | €198,872 | +€124,409 | +167% |
| Other operating charges | 640/8 | €23,166 | €36,377 | +€13,211 | +57.0% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €843,487 | €982,766 | +€139,279 | +16.5% |
| Operating profit (loss) | 9901 | €351,828 | €193,183 | -€158,645 | -45.1% |
| Financial income | 75/76B | €2,375 | €361 | -€2,014 | -84.8% |
| Recurring financial income | 75 | €2,375 | €361 | -€2,014 | -84.8% |
| Financial charges | 65/66B | €43,235 | €104,010 | +€60,775 | +141% |
| Recurring financial charges | 65 | €43,235 | €104,010 | +€60,775 | +141% |
| Profit (loss) for the period before taxes | 9903 | €310,968 | €89,534 | -€221,434 | -71.2% |
| Income taxes | 67/77 | €86,167 | €28,834 | -€57,333 | -66.5% |
| Profit (loss) for the period | 9904 | €224,801 | €60,700 | -€164,101 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €224,801 | €60,700 | -€164,101 | -73.0% |
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 29 October 2026 via checked.be.