DUMAR: 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.
DUMAR
Largest movements
- Tangible fixed assets +€205,219
up €205,219 (+90.9%), from €225,886 to €431,105
of which Land and buildings: +€193,568
- Debts after one year +€237,176
up €237,176 (+161%), from €147,175 to €384,351
of which Financial debts: +€218,736
- Reserves -€24,105
down €24,105 (-47.5%), from €50,776 to €26,671
of which Distributable reserves: -€24,105
- Current portion of long-term debt -€6,190
down €6,190 (-27.9%), from €22,212 to €16,022
- Gross operating margin -€24,449
down €24,449 (-65.1%), from €37,583 to €13,134
- Depreciation +€7,024
up €7,024 (+45.5%), from €15,446 to €22,469
- Financial charges +€1,589
up €1,589 (+37.7%), from €4,216 to €5,805
- Other operating charges +€1,009
up €1,009 (+12.7%), from €7,955 to €8,964
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,163 | €440,583 | +€207,420 | +89.0% |
| Fixed assets | 21/28 | €225,886 | €431,105 | +€205,219 | +90.9% |
| Tangible fixed assets | 22/27 | €225,886 | €431,105 | +€205,219 | +90.9% |
| Land and buildings | 22 | €207,907 | €401,476 | +€193,568 | +93.1% |
| Other tangible fixed assets | 26 | €17,979 | €29,630 | +€11,651 | +64.8% |
| Current assets | 29/58 | €7,277 | €9,478 | +€2,201 | +30.2% |
| Amounts receivable within one year | 40/41 | €54 | €419 | +€365 | +677% |
| Trade receivables | 40 | €54 | €419 | +€365 | +677% |
| Current investments | 50/53 | €3,481 | €5,270 | +€1,789 | +51.4% |
| Deferred charges and accrued income | 490/1 | €3,742 | €3,789 | +€47 | +1.3% |
| Total equity and liabilities | 10/49 | €233,163 | €440,583 | +€207,420 | +89.0% |
| Equity | 10/15 | €61,584 | €37,479 | -€24,105 | -39.1% |
| Contributions | 10/11 | €10,808 | €10,808 | = | 0.0% |
| Reserves | 13 | €50,776 | €26,671 | -€24,105 | -47.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €48,916 | €24,811 | -€24,105 | -49.3% |
| Amounts payable | 17/49 | €171,580 | €403,104 | +€231,525 | +135% |
| Amounts payable after more than one year | 17 | €147,175 | €384,351 | +€237,176 | +161% |
| Financial debts | 170/4 | €59,860 | €278,596 | +€218,736 | +365% |
| Other amounts payable | 178/9 | €87,315 | €105,755 | +€18,440 | +21.1% |
| Amounts payable within one year | 42/48 | €23,232 | €17,408 | -€5,824 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €22,212 | €16,022 | -€6,190 | -27.9% |
| Trade debts | 44 | - | €366 | +€366 | |
| Suppliers | 440/4 | - | €366 | +€366 | |
| Other amounts payable | 47/48 | €1,020 | €1,020 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,173 | €1,346 | +€173 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,446 | €22,469 | +€7,024 | +45.5% |
| Other operating charges | 640/8 | €7,955 | €8,964 | +€1,009 | +12.7% |
| Gross operating margin | 9900 | €37,583 | €13,134 | -€24,449 | -65.1% |
| Operating profit (loss) | 9901 | €14,183 | -€18,300 | -€32,483 | |
| Financial charges | 65/66B | €4,216 | €5,805 | +€1,589 | +37.7% |
| Recurring financial charges | 65 | €4,216 | €5,805 | +€1,589 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €9,967 | -€24,105 | -€34,072 | |
| Profit (loss) for the period | 9904 | €9,967 | -€24,105 | -€34,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,967 | -€24,105 | -€34,072 |
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 15 October 2026 via checked.be.