DUFRINVEST: what changed
What changed
DUFRINVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€106,978
2024 · €283,446-€176,468
Equity
€1.1m
2024 · €958,015+€106,978
Cash
€631,330
2024 · €394,287+€237,044
Balance sheet total
€1.2m
2024 · €1.1m+€85,309
Largest movements
Assets
- Cash +€237,044
up €237,044 (+60.1%), from €394,287 to €631,330
mainly Current investments (+€175,000) and Net result for the year (+€106,978)
- Current investments -€175,000
down €175,000 (-100%), from €175,000 to €0
- Tangible fixed assets +€25,540
up €25,540 (+5.4%), from €474,487 to €500,027
of which Land and buildings: +€31,002
Equity and liabilities
- Reserves +€106,978
up €106,978 (+11.4%), from €939,415 to €1.0m
of which Distributable reserves: +€107,852
- Debts after one year -€16,574
down €16,574 (-49.0%), from €33,851 to €17,278
Income statement
- Financial income -€119,798
down €119,798 (-95.5%), from €125,485 to €5,687
- Gross operating margin -€88,281
down €88,281 (-28.3%), from €312,402 to €224,122
- Taxes -€41,871
down €41,871 (-47.5%), from €88,223 to €46,352
- Depreciation +€12,371
up €12,371 (+21.0%), from €59,023 to €71,394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€283,446
Gross operating margin
-€88,281
Depreciation
-€12,371
Write-downs
-€207
Other operating charges
+€1,724
Financial income
-€119,798
Financial charges
+€594
Taxes
+€41,871
Result 2025
€106,978
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€174,876
Investment
+€78,066
Financing
-€15,898
Cash 2024
€394,287
From operations (derived)
+€174,876
Net result for the year
+€106,978
Depreciation
+€71,394
Receivables within one year
+€1,702
Deferred charges and accrued income
+€572
Provisions
-€291
Trade debts
+€597
Tax, wage and social debts
-€4,898
Other debts
-€1,178
Investment (derived)
+€78,066
Investment in fixed assets (net)
-€96,934
Current investments
+€175,000
Financing
-€15,898
Debts after one year
-€16,574
Current portion of long-term debt
+€675
Cash 2025
€631,330
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,306 | €1,155,615 | +€85,309 | +8.0% |
| Fixed assets | 21/28 | €475,487 | €501,027 | +€25,540 | +5.4% |
| Tangible fixed assets | 22/27 | €474,487 | €500,027 | +€25,540 | +5.4% |
| Land and buildings | 22 | €428,893 | €459,895 | +€31,002 | +7.2% |
| Plant, machinery and equipment | 23 | €255 | €18,229 | +€17,975 | +7,062% |
| Furniture and vehicles | 24 | €45,340 | €21,903 | -€23,437 | -51.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €594,819 | €654,589 | +€59,769 | +10.0% |
| Amounts receivable within one year | 40/41 | €17,552 | €15,850 | -€1,702 | -9.7% |
| Trade receivables | 40 | €11,347 | €10,850 | -€497 | -4.4% |
| Other amounts receivable | 41 | €6,205 | €5,000 | -€1,205 | -19.4% |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €394,287 | €631,330 | +€237,044 | +60.1% |
| Deferred charges and accrued income | 490/1 | €7,981 | €7,409 | -€572 | -7.2% |
| Total equity and liabilities | 10/49 | €1,070,306 | €1,155,615 | +€85,309 | +8.0% |
| Equity | 10/15 | €958,015 | €1,064,993 | +€106,978 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €939,415 | €1,046,393 | +€106,978 | +11.4% |
| Tax-exempt reserves | 132 | €23,175 | €22,301 | -€874 | -3.8% |
| Distributable reserves | 133 | €916,240 | €1,024,092 | +€107,852 | +11.8% |
| Provisions and deferred taxes | 16 | €7,725 | €7,434 | -€291 | -3.8% |
| Deferred taxes | 168 | €7,725 | €7,434 | -€291 | -3.8% |
| Amounts payable | 17/49 | €104,567 | €83,189 | -€21,378 | -20.4% |
| Amounts payable after more than one year | 17 | €33,851 | €17,278 | -€16,574 | -49.0% |
| Financial debts | 170/4 | €33,851 | €17,278 | -€16,574 | -49.0% |
| Amounts payable within one year | 42/48 | €70,715 | €65,911 | -€4,804 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €15,898 | €16,574 | +€675 | +4.2% |
| Trade debts | 44 | €1,355 | €1,952 | +€597 | +44.0% |
| Suppliers | 440/4 | €1,355 | €1,952 | +€597 | +44.0% |
| Taxes, remuneration and social security | 45 | €37,685 | €32,787 | -€4,898 | -13.0% |
| Taxes | 450/3 | €37,685 | €32,787 | -€4,898 | -13.0% |
| Other amounts payable | 47/48 | €15,777 | €14,599 | -€1,178 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,023 | €71,394 | +€12,371 | +21.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €207 | +€207 | |
| Other operating charges | 640/8 | €4,716 | €2,992 | -€1,724 | -36.6% |
| Gross operating margin | 9900 | €312,402 | €224,122 | -€88,281 | -28.3% |
| Operating profit (loss) | 9901 | €248,663 | €149,529 | -€99,134 | -39.9% |
| Financial income | 75/76B | €125,485 | €5,687 | -€119,798 | -95.5% |
| Recurring financial income | 75 | €125,485 | €5,687 | -€119,798 | -95.5% |
| Financial charges | 65/66B | €2,772 | €2,178 | -€594 | -21.4% |
| Recurring financial charges | 65 | €2,772 | €2,178 | -€594 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €371,377 | €153,039 | -€218,338 | -58.8% |
| Transfer from deferred taxes | 780 | €291 | €291 | = | 0.0% |
| Income taxes | 67/77 | €88,223 | €46,352 | -€41,871 | -47.5% |
| Profit (loss) for the period | 9904 | €283,446 | €106,978 | -€176,468 | -62.3% |
| Transfer from tax-exempt reserves | 789 | €874 | €874 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €284,320 | €107,852 | -€176,468 | -62.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.