DUPIRE FRERES: 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.
DUPIRE FRERES
Largest movements
- Tangible fixed assets -€242,005
down €242,005 (-33.1%), from €731,407 to €489,402
of which Plant, machinery and equipment: -€224,700
- Receivables within one year +€72,405
up €72,405 (+63.6%), from €113,861 to €186,266
of which Trade receivables: +€62,652
- Cash +€47,420
up €47,420 (+21.4%), from €221,150 to €268,570
mainly Investment in fixed assets (net) (+€219,999) and Net result for the year (+€199,830)
- Debts after one year -€255,263
down €255,263 (-42.0%), from €607,081 to €351,818
of which Financial debts: -€182,200
- Profit (loss) carried forward +€99,830
up €99,830 (+141%), from €70,950 to €170,780
- Tax, wage and social debts +€90,510
up €90,510 (+3,896%), from €2,323 to €92,833
- Trade debts -€82,953
down €82,953 (-75.9%), from €109,325 to €26,372
- Reserves +€50,000
up €50,000 (+14.1%), from €354,200 to €404,200
of which Distributable reserves: +€50,000
- Gross operating margin +€234,026
up €234,026 (+314%), from €74,594 to €308,620
- Taxes +€78,325
new in 2025: €78,325
- Depreciation -€52,671
down €52,671 (-70.5%), from €74,677 to €22,006
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 | €1,285,018 | €1,169,231 | -€115,787 | -9.0% |
| Fixed assets | 21/28 | €918,053 | €676,048 | -€242,005 | -26.4% |
| Intangible fixed assets | 21 | €175,533 | €175,533 | = | 0.0% |
| Tangible fixed assets | 22/27 | €731,407 | €489,402 | -€242,005 | -33.1% |
| Land and buildings | 22 | €448,786 | €445,279 | -€3,507 | -0.8% |
| Plant, machinery and equipment | 23 | €231,778 | €7,078 | -€224,700 | -96.9% |
| Furniture and vehicles | 24 | €50,843 | €37,045 | -€13,798 | -27.1% |
| Financial fixed assets | 28 | €11,113 | €11,113 | = | 0.0% |
| Current assets | 29/58 | €366,965 | €493,183 | +€126,218 | +34.4% |
| Stocks and contracts in progress | 3 | €31,954 | €38,089 | +€6,135 | +19.2% |
| Stocks | 30/36 | €31,954 | €38,089 | +€6,135 | +19.2% |
| Amounts receivable within one year | 40/41 | €113,861 | €186,266 | +€72,405 | +63.6% |
| Trade receivables | 40 | €93,799 | €156,451 | +€62,652 | +66.8% |
| Other amounts receivable | 41 | €20,062 | €29,815 | +€9,753 | +48.6% |
| Cash at bank and in hand | 54/58 | €221,150 | €268,570 | +€47,420 | +21.4% |
| Deferred charges and accrued income | 490/1 | - | €258 | +€258 | |
| Total equity and liabilities | 10/49 | €1,285,018 | €1,169,231 | -€115,787 | -9.0% |
| Equity | 10/15 | €487,150 | €636,980 | +€149,830 | +30.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €354,200 | €404,200 | +€50,000 | +14.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €348,000 | €398,000 | +€50,000 | +14.4% |
| Profit (loss) carried forward | 14 | €70,950 | €170,780 | +€99,830 | +141% |
| Amounts payable | 17/49 | €797,868 | €532,251 | -€265,617 | -33.3% |
| Amounts payable after more than one year | 17 | €607,081 | €351,818 | -€255,263 | -42.0% |
| Financial debts | 170/4 | €225,400 | €43,200 | -€182,200 | -80.8% |
| Other amounts payable | 178/9 | €381,681 | €308,618 | -€73,063 | -19.1% |
| Amounts payable within one year | 42/48 | €169,585 | €174,458 | +€4,873 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €57,200 | €7,200 | -€50,000 | -87.4% |
| Trade debts | 44 | €109,325 | €26,372 | -€82,953 | -75.9% |
| Suppliers | 440/4 | €109,325 | €26,372 | -€82,953 | -75.9% |
| Taxes, remuneration and social security | 45 | €2,323 | €92,833 | +€90,510 | +3,896% |
| Taxes | 450/3 | €2,323 | €92,833 | +€90,510 | +3,896% |
| Other amounts payable | 47/48 | €737 | €48,053 | +€47,316 | +6,420% |
| Accrued charges and deferred income | 492/3 | €21,202 | €5,975 | -€15,227 | -71.8% |
| Non-recurring operating income | 76A | - | €105,000 | +€105,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,677 | €22,006 | -€52,671 | -70.5% |
| Other operating charges | 640/8 | €4,639 | €4,386 | -€253 | -5.5% |
| Non-recurring operating charges | 66A | €3,576 | - | -€3,576 | |
| Gross operating margin | 9900 | €74,594 | €308,620 | +€234,026 | +314% |
| Operating profit (loss) | 9901 | -€8,298 | €282,228 | +€290,526 | |
| Financial income | 75/76B | €206 | €358 | +€152 | +73.8% |
| Recurring financial income | 75 | €206 | €358 | +€152 | +73.8% |
| Financial charges | 65/66B | €4,294 | €4,431 | +€137 | +3.2% |
| Recurring financial charges | 65 | €4,294 | €4,431 | +€137 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,386 | €278,155 | +€290,541 | |
| Income taxes | 67/77 | - | €78,325 | +€78,325 | |
| Profit (loss) for the period | 9904 | -€12,386 | €199,830 | +€212,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,386 | €199,830 | +€212,216 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.