DUFRA: 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.
DUFRA
Largest movements
- Cash +€316,488
up €316,488 (+51.5%), from €614,907 to €931,394
mainly Net result for the year (+€303,967) and Other debts (+€64,942)
- Receivables within one year +€43,059
up €43,059 (+26.5%), from €162,584 to €205,643
of which Trade receivables: +€85,405
- Tangible fixed assets -€29,607
down €29,607 (-9.3%), from €319,242 to €289,635
of which Land and buildings: -€16,057
- Reserves +€189,933
up €189,933 (+21.2%), from €896,132 to €1.1m
- Other debts +€64,942
up €64,942 (+126.1%), from €51,492 to €116,434
- Tax, wage and social debts +€59,453
up €59,453 (+92.0%), from €64,654 to €124,107
of which Taxes: +€56,428
- Profit (loss) carried forward +€33,923
up €33,923, from -€33,923 to €0
- Debts after one year -€18,389
down €18,389 (-22.6%), from €81,297 to €62,909
- Gross operating margin -€105,394
down €105,394 (-18.1%), from €581,985 to €476,590
- Taxes -€37,926
down €37,926 (-22.4%), from €169,020 to €131,094
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 | €1,097,583 | €1,427,252 | +€329,669 | +30.0% |
| Fixed assets | 21/28 | €319,242 | €289,635 | -€29,607 | -9.3% |
| Tangible fixed assets | 22/27 | €319,242 | €289,635 | -€29,607 | -9.3% |
| Land and buildings | 22 | €256,584 | €240,526 | -€16,057 | -6.3% |
| Plant, machinery and equipment | 23 | €14,519 | €13,781 | -€738 | -5.1% |
| Furniture and vehicles | 24 | €48,139 | €35,327 | -€12,812 | -26.6% |
| Current assets | 29/58 | €778,341 | €1,137,617 | +€359,276 | +46.2% |
| Amounts receivable within one year | 40/41 | €162,584 | €205,643 | +€43,059 | +26.5% |
| Trade receivables | 40 | €118,731 | €204,136 | +€85,405 | +71.9% |
| Other amounts receivable | 41 | €43,853 | €1,507 | -€42,347 | -96.6% |
| Cash at bank and in hand | 54/58 | €614,907 | €931,394 | +€316,488 | +51.5% |
| Deferred charges and accrued income | 490/1 | €851 | €581 | -€270 | -31.8% |
| Total equity and liabilities | 10/49 | €1,097,583 | €1,427,252 | +€329,669 | +30.0% |
| Equity | 10/15 | €873,713 | €1,097,570 | +€223,857 | +25.6% |
| Contributions | 10/11 | €11,505 | €11,505 | = | 0.0% |
| Reserves | 13 | €896,132 | €1,086,065 | +€189,933 | +21.2% |
| Distributable reserves | 133 | €896,132 | €1,086,065 | +€189,933 | +21.2% |
| Profit (loss) carried forward | 14 | -€33,923 | €0 | +€33,923 | |
| Amounts payable | 17/49 | €223,870 | €329,682 | +€105,812 | +47.3% |
| Amounts payable after more than one year | 17 | €81,297 | €62,909 | -€18,389 | -22.6% |
| Financial debts | 170/4 | €81,297 | €62,909 | -€18,389 | -22.6% |
| Amounts payable within one year | 42/48 | €139,368 | €260,641 | +€121,273 | +87.0% |
| Current portion of amounts payable after more than one year | 42 | €19,355 | €18,992 | -€363 | -1.9% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,867 | €1,108 | -€2,759 | -71.3% |
| Suppliers | 440/4 | €3,867 | €1,108 | -€2,759 | -71.3% |
| Taxes, remuneration and social security | 45 | €64,654 | €124,107 | +€59,453 | +92.0% |
| Taxes | 450/3 | €64,654 | €121,082 | +€56,428 | +87.3% |
| Remuneration and social security | 454/9 | €0 | €3,025 | +€3,025 | |
| Other amounts payable | 47/48 | €51,492 | €116,434 | +€64,942 | +126.1% |
| Accrued charges and deferred income | 492/3 | €3,205 | €6,133 | +€2,928 | +91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,885 | €33,128 | +€243 | +0.7% |
| Other operating charges | 640/8 | €1,569 | €1,529 | -€39 | -2.5% |
| Gross operating margin | 9900 | €581,985 | €476,590 | -€105,394 | -18.1% |
| Operating profit (loss) | 9901 | €547,531 | €441,933 | -€105,598 | -19.3% |
| Financial income | 75/76B | €1,181 | €1,693 | +€512 | +43.4% |
| Recurring financial income | 75 | €1,181 | €1,693 | +€512 | +43.4% |
| Financial charges | 65/66B | €4,501 | €8,565 | +€4,064 | +90.3% |
| Recurring financial charges | 65 | €4,501 | €8,565 | +€4,064 | +90.3% |
| Profit (loss) for the period before taxes | 9903 | €544,211 | €435,061 | -€109,149 | -20.1% |
| Income taxes | 67/77 | €169,020 | €131,094 | -€37,926 | -22.4% |
| Profit (loss) for the period | 9904 | €375,191 | €303,967 | -€71,223 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €375,191 | €303,967 | -€71,223 | -19.0% |
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 2 October 2026 via checked.be.