Dumortier: 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.
Dumortier
Largest movements
- Receivables within one year -€499,953
down €499,953 (-87.7%), from €570,086 to €70,133
of which Trade receivables: -€510,990
- Stocks and contracts +€37,327
up €37,327 (+147%), from €25,474 to €62,801
of which Contracts in progress: +€26,000
- Cash -€19,561
down €19,561 (-34.1%), from €57,386 to €37,825
mainly Trade debts (-€510,929) and Investment in fixed assets (net) (-€46,437)
- Tangible fixed assets -€12,840
down €12,840 (-9.8%), from €130,524 to €117,683
of which Furniture and vehicles: -€21,354
- Intangible fixed assets +€11,391
up €11,391 (+500%), from €2,278 to €13,669
- Trade debts -€510,929
down €510,929 (-88.3%), from €578,932 to €68,003
- Profit (loss) carried forward +€49,427
up €49,427 (+214%), from €23,120 to €72,548
- Other debts -€16,574
down €16,574 (-16.4%), from €100,751 to €84,178
- Debts after one year -€11,633
down €11,633 (-79.5%), from €14,633 to €3,000
- Gross operating margin +€89,925
up €89,925 (+115%), from €78,449 to €168,374
- Staff costs +€58,394
new in 2025: €58,394
- Taxes +€4,164
up €4,164 (+66.8%), from €6,238 to €10,402
- Depreciation +€2,768
up €2,768 (+6.1%), from €45,119 to €47,887
- Financial charges -€2,075
down €2,075 (-66.3%), from €3,129 to €1,054
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 | €789,869 | €307,800 | -€482,069 | -61.0% |
| Fixed assets | 21/28 | €132,801 | €131,352 | -€1,449 | -1.1% |
| Intangible fixed assets | 21 | €2,278 | €13,669 | +€11,391 | +500% |
| Tangible fixed assets | 22/27 | €130,524 | €117,683 | -€12,840 | -9.8% |
| Land and buildings | 22 | €3,881 | €3,349 | -€531 | -13.7% |
| Plant, machinery and equipment | 23 | €66,774 | €75,818 | +€9,044 | +13.5% |
| Furniture and vehicles | 24 | €59,869 | €38,516 | -€21,354 | -35.7% |
| Current assets | 29/58 | €657,068 | €176,448 | -€480,620 | -73.1% |
| Stocks and contracts in progress | 3 | €25,474 | €62,801 | +€37,327 | +147% |
| Stocks | 30/36 | €25,474 | €36,801 | +€11,327 | +44.5% |
| Contracts in progress | 37 | - | €26,000 | +€26,000 | |
| Amounts receivable within one year | 40/41 | €570,086 | €70,133 | -€499,953 | -87.7% |
| Trade receivables | 40 | €570,061 | €59,070 | -€510,990 | -89.6% |
| Other amounts receivable | 41 | €25 | €11,062 | +€11,037 | +44,149% |
| Cash at bank and in hand | 54/58 | €57,386 | €37,825 | -€19,561 | -34.1% |
| Deferred charges and accrued income | 490/1 | €4,123 | €5,690 | +€1,567 | +38.0% |
| Total equity and liabilities | 10/49 | €789,869 | €307,800 | -€482,069 | -61.0% |
| Equity | 10/15 | €64,992 | €114,419 | +€49,427 | +76.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,872 | €36,872 | = | 0.0% |
| Distributable reserves | 133 | €36,872 | €36,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,120 | €72,548 | +€49,427 | +214% |
| Amounts payable | 17/49 | €724,878 | €193,381 | -€531,497 | -73.3% |
| Amounts payable after more than one year | 17 | €14,633 | €3,000 | -€11,633 | -79.5% |
| Financial debts | 170/4 | €14,633 | €3,000 | -€11,633 | -79.5% |
| Amounts payable within one year | 42/48 | €709,245 | €189,381 | -€519,864 | -73.3% |
| Current portion of amounts payable after more than one year | 42 | €11,068 | €11,633 | +€564 | +5.1% |
| Trade debts | 44 | €578,932 | €68,003 | -€510,929 | -88.3% |
| Suppliers | 440/4 | €578,932 | €68,003 | -€510,929 | -88.3% |
| Taxes, remuneration and social security | 45 | €18,494 | €25,568 | +€7,074 | +38.3% |
| Taxes | 450/3 | €18,494 | €17,756 | -€737 | -4.0% |
| Remuneration and social security | 454/9 | - | €7,811 | +€7,811 | |
| Other amounts payable | 47/48 | €100,751 | €84,178 | -€16,574 | -16.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Non-recurring operating income | 76A | €37,681 | €0 | -€37,681 | -100% |
| Remuneration, social security and pensions | 62 | - | €58,394 | +€58,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,119 | €47,887 | +€2,768 | +6.1% |
| Other operating charges | 640/8 | €958 | €1,247 | +€290 | +30.2% |
| Gross operating margin | 9900 | €78,449 | €168,374 | +€89,925 | +115% |
| Operating profit (loss) | 9901 | €32,372 | €60,846 | +€28,474 | +88.0% |
| Financial income | 75/76B | €115 | €37 | -€78 | -67.9% |
| Recurring financial income | 75 | €115 | €37 | -€78 | -67.9% |
| Financial charges | 65/66B | €3,129 | €1,054 | -€2,075 | -66.3% |
| Recurring financial charges | 65 | €3,129 | €1,054 | -€2,075 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €29,358 | €59,830 | +€30,472 | +104% |
| Income taxes | 67/77 | €6,238 | €10,402 | +€4,164 | +66.8% |
| Profit (loss) for the period | 9904 | €23,120 | €49,427 | +€26,307 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €23,120 | €49,427 | +€26,307 | +114% |
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 16 October 2026 via checked.be.