DUMOULIN Frères: 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.
DUMOULIN Frères
Largest movements
- Stocks and contracts -€54,445
down €54,445 (-11.1%), from €492,329 to €437,884
- Cash -€34,485
down €34,485 (-85.7%), from €40,244 to €5,760
mainly Debts after one year (-€104,581) and Current portion of long-term debt (-€26,335)
- Receivables after one year -€22,650
down €22,650 (-26.3%), from €86,075 to €63,425
- Receivables within one year +€17,779
up €17,779 (+43.2%), from €41,120 to €58,899
of which Trade receivables: +€11,342
- Tangible fixed assets -€11,492
down €11,492 (-4.0%), from €284,770 to €273,278
of which Land and buildings: -€8,558
- Debts after one year -€104,581
no longer reported in 2026 (was €104,581)
- Current portion of long-term debt -€26,335
down €26,335 (-17.6%), from €149,968 to €123,632
- Profit (loss) carried forward +€19,056
up €19,056 (+16.7%), from -€114,039 to -€94,983
- Trade debts +€12,568
up €12,568 (+3.3%), from €378,951 to €391,518
- Gross operating margin -€38,947
down €38,947 (-9.5%), from €411,202 to €372,255
- Staff costs -€16,470
down €16,470 (-5.5%), from €299,252 to €282,782
- Financial charges -€8,549
down €8,549 (-33.1%), from €25,805 to €17,256
- Depreciation -€7,853
down €7,853 (-40.6%), from €19,345 to €11,492
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,502 | €844,267 | -€104,236 | -11.0% |
| Fixed assets | 21/28 | €286,570 | €275,078 | -€11,492 | -4.0% |
| Tangible fixed assets | 22/27 | €284,770 | €273,278 | -€11,492 | -4.0% |
| Land and buildings | 22 | €268,149 | €259,592 | -€8,558 | -3.2% |
| Plant, machinery and equipment | 23 | €9,758 | €8,040 | -€1,718 | -17.6% |
| Furniture and vehicles | 24 | €6,862 | €5,647 | -€1,216 | -17.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €661,932 | €569,188 | -€92,744 | -14.0% |
| Amounts receivable after more than one year | 29 | €86,075 | €63,425 | -€22,650 | -26.3% |
| Other amounts receivable | 291 | €86,075 | €63,425 | -€22,650 | -26.3% |
| Stocks and contracts in progress | 3 | €492,329 | €437,884 | -€54,445 | -11.1% |
| Stocks | 30/36 | €492,329 | €437,884 | -€54,445 | -11.1% |
| Amounts receivable within one year | 40/41 | €41,120 | €58,899 | +€17,779 | +43.2% |
| Trade receivables | 40 | €28,272 | €39,614 | +€11,342 | +40.1% |
| Other amounts receivable | 41 | €12,848 | €19,285 | +€6,436 | +50.1% |
| Cash at bank and in hand | 54/58 | €40,244 | €5,760 | -€34,485 | -85.7% |
| Deferred charges and accrued income | 490/1 | €2,164 | €3,221 | +€1,056 | +48.8% |
| Total equity and liabilities | 10/49 | €948,502 | €844,267 | -€104,236 | -11.0% |
| Equity | 10/15 | €185,783 | €204,839 | +€19,056 | +10.3% |
| Contributions | 10/11 | €80,567 | €80,567 | = | 0.0% |
| Reserves | 13 | €219,255 | €219,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €92,533 | €92,533 | = | 0.0% |
| Distributable reserves | 133 | €118,665 | €118,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,039 | -€94,983 | +€19,056 | +16.7% |
| Amounts payable | 17/49 | €762,719 | €639,428 | -€123,292 | -16.2% |
| Amounts payable after more than one year | 17 | €104,581 | - | -€104,581 | |
| Financial debts | 170/4 | €104,581 | - | -€104,581 | |
| Amounts payable within one year | 42/48 | €649,420 | €633,085 | -€16,335 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €149,968 | €123,632 | -€26,335 | -17.6% |
| Financial debts | 43 | €65,000 | €65,000 | = | 0.0% |
| Credit institutions | 430/8 | €65,000 | €65,000 | = | 0.0% |
| Trade debts | 44 | €378,951 | €391,518 | +€12,568 | +3.3% |
| Suppliers | 440/4 | €378,951 | €391,518 | +€12,568 | +3.3% |
| Taxes, remuneration and social security | 45 | €55,501 | €52,934 | -€2,568 | -4.6% |
| Taxes | 450/3 | €15,766 | €16,624 | +€858 | +5.4% |
| Remuneration and social security | 454/9 | €39,735 | €36,310 | -€3,425 | -8.6% |
| Accrued charges and deferred income | 492/3 | €8,719 | €6,343 | -€2,376 | -27.2% |
| Remuneration, social security and pensions | 62 | €299,252 | €282,782 | -€16,470 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,345 | €11,492 | -€7,853 | -40.6% |
| Other operating charges | 640/8 | €26,581 | €27,935 | +€1,354 | +5.1% |
| Non-recurring operating charges | 66A | €280 | - | -€280 | |
| Gross operating margin | 9900 | €411,202 | €372,255 | -€38,947 | -9.5% |
| Operating profit (loss) | 9901 | €65,744 | €50,046 | -€15,698 | -23.9% |
| Financial income | 75/76B | €422 | €20 | -€402 | -95.3% |
| Recurring financial income | 75 | €422 | €20 | -€402 | -95.3% |
| Financial charges | 65/66B | €25,805 | €17,256 | -€8,549 | -33.1% |
| Recurring financial charges | 65 | €25,805 | €17,256 | -€8,549 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €40,361 | €32,810 | -€7,551 | -18.7% |
| Income taxes | 67/77 | €16,658 | €13,753 | -€2,904 | -17.4% |
| Profit (loss) for the period | 9904 | €23,703 | €19,056 | -€4,647 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,703 | €19,056 | -€4,647 | -19.6% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.