DUMORTIER KURT: 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 KURT
Largest movements
- Cash -€16,051
down €16,051 (-37.6%), from €42,707 to €26,656
mainly Debts after one year (-€59,989) and Investment in fixed assets (net) (-€38,579)
- Receivables after one year -€14,000
down €14,000 (-16.7%), from €84,000 to €70,000
- Receivables within one year +€8,503
up €8,503 (+36.0%), from €23,605 to €32,108
of which Trade receivables: +€5,072
- Debts after one year -€59,989
down €59,989 (-24.3%), from €246,793 to €186,804
- Reserves +€36,673
up €36,673 (+14.1%), from €260,908 to €297,581
of which Distributable reserves: +€36,673
- Other debts +€12,265
up €12,265 (+309%), from €3,969 to €16,234
- Tax, wage and social debts -€11,432
down €11,432 (-97.7%), from €11,700 to €268
- Gross operating margin +€23,633
up €23,633 (+19.5%), from €121,130 to €144,763
- Taxes +€7,262
up €7,262 (+34.6%), from €21,006 to €28,268
- Financial charges -€2,222
down €2,222 (-19.7%), from €11,285 to €9,063
- Other operating charges -€1,511
down €1,511 (-18.9%), from €7,996 to €6,485
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 | €643,078 | €620,631 | -€22,447 | -3.5% |
| Fixed assets | 21/28 | €486,871 | €487,476 | +€605 | +0.1% |
| Tangible fixed assets | 22/27 | €485,486 | €486,091 | +€605 | +0.1% |
| Land and buildings | 22 | €470,585 | €441,121 | -€29,464 | -6.3% |
| Plant, machinery and equipment | 23 | €12,790 | €26,686 | +€13,895 | +109% |
| Furniture and vehicles | 24 | €2,110 | €18,284 | +€16,173 | +766% |
| Financial fixed assets | 28 | €1,385 | €1,385 | = | 0.0% |
| Current assets | 29/58 | €156,207 | €133,155 | -€23,052 | -14.8% |
| Amounts receivable after more than one year | 29 | €84,000 | €70,000 | -€14,000 | -16.7% |
| Other amounts receivable | 291 | €84,000 | €70,000 | -€14,000 | -16.7% |
| Stocks and contracts in progress | 3 | €1,490 | €1,490 | = | 0.0% |
| Stocks | 30/36 | €1,490 | €1,490 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,605 | €32,108 | +€8,503 | +36.0% |
| Trade receivables | 40 | €23,605 | €28,677 | +€5,072 | +21.5% |
| Other amounts receivable | 41 | - | €3,431 | +€3,431 | |
| Cash at bank and in hand | 54/58 | €42,707 | €26,656 | -€16,051 | -37.6% |
| Deferred charges and accrued income | 490/1 | €4,405 | €2,901 | -€1,504 | -34.1% |
| Total equity and liabilities | 10/49 | €643,078 | €620,631 | -€22,447 | -3.5% |
| Equity | 10/15 | €271,830 | €308,502 | +€36,673 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €11,895 | €11,895 | = | 0.0% |
| Reserves | 13 | €260,908 | €297,581 | +€36,673 | +14.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,056 | €10,056 | = | 0.0% |
| Distributable reserves | 133 | €248,992 | €285,665 | +€36,673 | +14.7% |
| Profit (loss) carried forward | 14 | -€19,573 | -€19,573 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,419 | €1,419 | = | 0.0% |
| Deferred taxes | 168 | €1,419 | €1,419 | = | 0.0% |
| Amounts payable | 17/49 | €369,830 | €310,710 | -€59,120 | -16.0% |
| Amounts payable after more than one year | 17 | €246,793 | €186,804 | -€59,989 | -24.3% |
| Financial debts | 170/4 | €246,793 | €186,804 | -€59,989 | -24.3% |
| Amounts payable within one year | 42/48 | €123,037 | €123,906 | +€869 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €66,087 | €59,989 | -€6,098 | -9.2% |
| Trade debts | 44 | €41,281 | €47,416 | +€6,135 | +14.9% |
| Suppliers | 440/4 | €41,281 | €47,416 | +€6,135 | +14.9% |
| Taxes, remuneration and social security | 45 | €11,700 | €268 | -€11,432 | -97.7% |
| Taxes | 450/3 | €11,700 | €268 | -€11,432 | -97.7% |
| Other amounts payable | 47/48 | €3,969 | €16,234 | +€12,265 | +309% |
| Non-recurring operating income | 76A | €2,500 | €7,500 | +€5,000 | +200% |
| Remuneration, social security and pensions | 62 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,338 | €37,974 | +€636 | +1.7% |
| Other operating charges | 640/8 | €7,996 | €6,485 | -€1,511 | -18.9% |
| Non-recurring operating charges | 66A | €552 | - | -€552 | |
| Gross operating margin | 9900 | €121,130 | €144,763 | +€23,633 | +19.5% |
| Operating profit (loss) | 9901 | €75,039 | €100,304 | +€25,265 | +33.7% |
| Financial income | 75/76B | €13 | €484 | +€472 | +3,712% |
| Recurring financial income | 75 | €13 | €484 | +€472 | +3,712% |
| Financial charges | 65/66B | €11,285 | €9,063 | -€2,222 | -19.7% |
| Recurring financial charges | 65 | €11,285 | €9,063 | -€2,222 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €63,767 | €91,726 | +€27,958 | +43.8% |
| Transfer from deferred taxes | 780 | €188 | - | -€188 | |
| Income taxes | 67/77 | €21,006 | €28,268 | +€7,262 | +34.6% |
| Profit (loss) for the period | 9904 | €42,949 | €63,458 | +€20,508 | +47.8% |
| Transfer from tax-exempt reserves | 789 | €563 | - | -€563 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,512 | €63,458 | +€19,946 | +45.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.