DUPIRE-MINGNEAU: 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-MINGNEAU
Largest movements
- Tangible fixed assets -€18,847
down €18,847 (-47.5%), from €39,666 to €20,819
of which Plant, machinery and equipment: -€12,999
- Cash -€11,383
down €11,383 (-33.2%), from €34,272 to €22,889
mainly Net result for the year (-€30,940) and Trade debts (-€3,453)
- Receivables within one year -€5,367
down €5,367 (-58.1%), from €9,229 to €3,863
of which Trade receivables: -€4,844
- Profit (loss) carried forward -€30,940
down €30,940 (-59.1%), from -€52,326 to -€83,266
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Reserves +€18,600
up €18,600 (+5.1%), from €364,830 to €383,430
of which Distributable reserves: +€20,460
- Trade debts -€3,453
down €3,453 (-79.3%), from €4,354 to €902
- Gross operating margin +€12,817
up €12,817 (+50.2%), from -€25,511 to -€12,693
- Depreciation -€7,575
down €7,575 (-30.5%), from €24,838 to €17,263
- Staff costs -€563
down €563 (-93.4%), from €603 to €40
- Other operating charges -€403
down €403 (-36.9%), from €1,092 to €689
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 | €337,175 | €301,578 | -€35,597 | -10.6% |
| Fixed assets | 21/28 | €39,666 | €20,819 | -€18,847 | -47.5% |
| Tangible fixed assets | 22/27 | €39,666 | €20,819 | -€18,847 | -47.5% |
| Land and buildings | 22 | €3,725 | €3,337 | -€388 | -10.4% |
| Plant, machinery and equipment | 23 | €28,472 | €15,473 | -€12,999 | -45.7% |
| Furniture and vehicles | 24 | €7,469 | €2,009 | -€5,461 | -73.1% |
| Current assets | 29/58 | €297,509 | €280,759 | -€16,749 | -5.6% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,229 | €3,863 | -€5,367 | -58.1% |
| Trade receivables | 40 | €5,207 | €363 | -€4,844 | -93.0% |
| Other amounts receivable | 41 | €4,022 | €3,500 | -€522 | -13.0% |
| Current investments | 50/53 | €250,008 | €250,008 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,272 | €22,889 | -€11,383 | -33.2% |
| Total equity and liabilities | 10/49 | €337,175 | €301,578 | -€35,597 | -10.6% |
| Equity | 10/15 | €331,104 | €300,164 | -€30,940 | -9.3% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €364,830 | €383,430 | +€18,600 | +5.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €362,970 | €383,430 | +€20,460 | +5.6% |
| Profit (loss) carried forward | 14 | -€52,326 | -€83,266 | -€30,940 | -59.1% |
| Amounts payable | 17/49 | €6,070 | €1,414 | -€4,657 | -76.7% |
| Amounts payable within one year | 42/48 | €6,070 | €1,414 | -€4,657 | -76.7% |
| Trade debts | 44 | €4,354 | €902 | -€3,453 | -79.3% |
| Suppliers | 440/4 | €4,354 | €902 | -€3,453 | -79.3% |
| Taxes, remuneration and social security | 45 | €1,110 | €431 | -€679 | -61.2% |
| Taxes | 450/3 | €1,110 | €431 | -€679 | -61.2% |
| Other amounts payable | 47/48 | €606 | €81 | -€525 | -86.7% |
| Remuneration, social security and pensions | 62 | €603 | €40 | -€563 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,838 | €17,263 | -€7,575 | -30.5% |
| Other operating charges | 640/8 | €1,092 | €689 | -€403 | -36.9% |
| Gross operating margin | 9900 | -€25,511 | -€12,693 | +€12,817 | +50.2% |
| Operating profit (loss) | 9901 | -€52,044 | -€30,686 | +€21,358 | +41.0% |
| Financial income | 75/76B | €101 | €0 | -€101 | -100.0% |
| Recurring financial income | 75 | €101 | €0 | -€101 | -100.0% |
| Financial charges | 65/66B | €35 | €34 | -€0 | -1.2% |
| Recurring financial charges | 65 | €35 | €34 | -€0 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€51,978 | -€30,720 | +€21,258 | +40.9% |
| Income taxes | 67/77 | €348 | €220 | -€128 | -36.8% |
| Profit (loss) for the period | 9904 | -€52,326 | -€30,940 | +€21,386 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,326 | -€30,940 | +€21,386 | +40.9% |
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 29 October 2026 via checked.be.