FILIP DUMALIN: 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.
FILIP DUMALIN
Largest movements
- Tangible fixed assets -€526,990
down €526,990 (-100%), from €526,990 to €0
of which Land and buildings: -€526,661
- Cash +€201,766
up €201,766 (+1,398%), from €14,437 to €216,203
mainly Investment in fixed assets (net) (+€526,661) and Net result for the year (+€335,792)
- Other debts -€722,764
down €722,764 (-97.4%), from €742,352 to €19,588
- Reserves +€335,792
up €335,792 (+90.1%), from €372,882 to €708,674
- Tax, wage and social debts +€56,321
up €56,321 (+351%), from €16,028 to €72,349
- Financial income +€302,713
up €302,713 (+295%), from €102,724 to €405,437
- Gross operating margin +€144,737
up €144,737, from -€12,791 to €131,946
- Taxes +€139,390
up €139,390 (+763%), from €18,268 to €157,659
- Financial charges +€29,620
up €29,620 (+404%), from €7,323 to €36,943
- Depreciation -€26,056
down €26,056 (-98.8%), from €26,385 to €329
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 | €1,138,068 | €807,824 | -€330,244 | -29.0% |
| Fixed assets | 21/28 | €526,990 | €0 | -€526,990 | -100% |
| Tangible fixed assets | 22/27 | €526,990 | €0 | -€526,990 | -100% |
| Land and buildings | 22 | €526,661 | €0 | -€526,661 | -100% |
| Furniture and vehicles | 24 | €329 | €0 | -€329 | -100% |
| Current assets | 29/58 | €611,078 | €807,824 | +€196,745 | +32.2% |
| Amounts receivable within one year | 40/41 | €1,606 | €3,051 | +€1,445 | +90.0% |
| Trade receivables | 40 | - | €3,025 | +€3,025 | |
| Other amounts receivable | 41 | €1,606 | €26 | -€1,580 | -98.4% |
| Current investments | 50/53 | €592,981 | €588,570 | -€4,411 | -0.7% |
| Cash at bank and in hand | 54/58 | €14,437 | €216,203 | +€201,766 | +1,398% |
| Deferred charges and accrued income | 490/1 | €2,056 | €0 | -€2,056 | -100% |
| Total equity and liabilities | 10/49 | €1,138,068 | €807,824 | -€330,244 | -29.0% |
| Equity | 10/15 | €379,082 | €714,874 | +€335,792 | +88.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €372,882 | €708,674 | +€335,792 | +90.1% |
| Distributable reserves | 133 | €372,882 | €708,674 | +€335,792 | +90.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €758,986 | €92,949 | -€666,036 | -87.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €758,433 | €92,262 | -€666,171 | -87.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €53 | €325 | +€273 | +520% |
| Suppliers | 440/4 | €53 | €325 | +€273 | +520% |
| Taxes, remuneration and social security | 45 | €16,028 | €72,349 | +€56,321 | +351% |
| Taxes | 450/3 | €16,028 | €72,349 | +€56,321 | +351% |
| Other amounts payable | 47/48 | €742,352 | €19,588 | -€722,764 | -97.4% |
| Accrued charges and deferred income | 492/3 | €553 | €687 | +€134 | +24.3% |
| Non-recurring operating income | 76A | - | €160,728 | +€160,728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,385 | €329 | -€26,056 | -98.8% |
| Other operating charges | 640/8 | €5,665 | €6,660 | +€996 | +17.6% |
| Gross operating margin | 9900 | -€12,791 | €131,946 | +€144,737 | |
| Operating profit (loss) | 9901 | -€44,841 | €124,957 | +€169,798 | |
| Financial income | 75/76B | €102,724 | €405,437 | +€302,713 | +295% |
| Recurring financial income | 75 | €102,724 | €405,437 | +€302,713 | +295% |
| Financial charges | 65/66B | €7,323 | €36,943 | +€29,620 | +404% |
| Recurring financial charges | 65 | €7,323 | €36,943 | +€29,620 | +404% |
| Profit (loss) for the period before taxes | 9903 | €50,560 | €493,451 | +€442,890 | +876% |
| Income taxes | 67/77 | €18,268 | €157,659 | +€139,390 | +763% |
| Profit (loss) for the period | 9904 | €32,292 | €335,792 | +€303,500 | +940% |
| Profit (loss) for the period to be appropriated | 9905 | €32,292 | €335,792 | +€303,500 | +940% |
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 30 October 2026 via checked.be.