ELS DUMOULIN: 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.
ELS DUMOULIN
Largest movements
- Cash +€452,071
up €452,071 (+248%), from €182,012 to €634,083
mainly Other debts (+€785,890) and Net result for the year (+€610,827)
- Deferred charges and accrued income +€387,850
up €387,850 (+67,122%), from €578 to €388,428
- Receivables within one year -€30,930
no longer reported in 2025 (was €30,930)
- Other debts +€785,890
up €785,890 (+32,128%), from €2,446 to €788,336
- Reserves -€209,602
no longer reported in 2025 (was €209,602)
- Trade debts +€190,202
up €190,202 (+91,712%), from €207 to €190,410
- Short-term financial debts +€26,924
new in 2025: €26,924
- Tax, wage and social debts +€13,844
up €13,844 (+103%), from €13,413 to €27,257
of which Taxes: +€13,844
- Gross operating margin +€538,373
up €538,373 (+192%), from €280,011 to €818,384
- Taxes +€135,397
up €135,397 (+212%), from €63,935 to €199,333
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 | €246,224 | €1,051,526 | +€805,301 | +327% |
| Fixed assets | 21/28 | €32,705 | €29,015 | -€3,690 | -11.3% |
| Tangible fixed assets | 22/27 | €32,605 | €28,915 | -€3,690 | -11.3% |
| Plant, machinery and equipment | 23 | €99 | €1,893 | +€1,794 | +1,804% |
| Furniture and vehicles | 24 | €4,036 | €1,553 | -€2,483 | -61.5% |
| Other tangible fixed assets | 26 | €28,470 | €25,469 | -€3,000 | -10.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €213,519 | €1,022,511 | +€808,991 | +379% |
| Amounts receivable within one year | 40/41 | €30,930 | - | -€30,930 | |
| Trade receivables | 40 | €30,930 | - | -€30,930 | |
| Cash at bank and in hand | 54/58 | €182,012 | €634,083 | +€452,071 | +248% |
| Deferred charges and accrued income | 490/1 | €578 | €388,428 | +€387,850 | +67,122% |
| Total equity and liabilities | 10/49 | €246,224 | €1,051,526 | +€805,301 | +327% |
| Equity | 10/15 | €228,202 | €18,600 | -€209,602 | -91.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €209,602 | - | -€209,602 | |
| Distributable reserves | 133 | €209,602 | - | -€209,602 | |
| Amounts payable | 17/49 | €18,022 | €1,032,926 | +€1.0m | +5,631% |
| Amounts payable within one year | 42/48 | €16,066 | €1,032,926 | +€1.0m | +6,329% |
| Financial debts | 43 | - | €26,924 | +€26,924 | |
| Credit institutions | 430/8 | - | €26,924 | +€26,924 | |
| Trade debts | 44 | €207 | €190,410 | +€190,202 | +91,712% |
| Suppliers | 440/4 | €207 | €190,410 | +€190,202 | +91,712% |
| Taxes, remuneration and social security | 45 | €13,413 | €27,257 | +€13,844 | +103% |
| Taxes | 450/3 | €10,685 | €24,530 | +€13,844 | +130% |
| Remuneration and social security | 454/9 | €2,727 | €2,727 | = | 0.0% |
| Other amounts payable | 47/48 | €2,446 | €788,336 | +€785,890 | +32,128% |
| Accrued charges and deferred income | 492/3 | €1,956 | - | -€1,956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,017 | €6,004 | -€13 | -0.2% |
| Other operating charges | 640/8 | €383 | €393 | +€10 | +2.6% |
| Gross operating margin | 9900 | €280,011 | €818,384 | +€538,373 | +192% |
| Operating profit (loss) | 9901 | €273,611 | €811,988 | +€538,377 | +197% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €74 | €1,828 | +€1,754 | +2,387% |
| Recurring financial charges | 65 | €74 | €1,828 | +€1,754 | +2,387% |
| Profit (loss) for the period before taxes | 9903 | €273,538 | €810,160 | +€536,622 | +196% |
| Income taxes | 67/77 | €63,935 | €199,333 | +€135,397 | +212% |
| Profit (loss) for the period | 9904 | €209,602 | €610,827 | +€401,225 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €209,602 | €610,827 | +€401,225 | +191% |
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 18 October 2026 via checked.be.