Hugo DUMONT: 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.
Hugo DUMONT
Largest movements
- Cash +€144,201
up €144,201 (+140%), from €103,106 to €247,307
mainly Trade debts (+€106,059) and Net result for the year (+€87,576)
- Receivables within one year +€110,711
up €110,711 (+67.9%), from €163,116 to €273,827
of which Trade receivables: +€85,537
- Tangible fixed assets -€28,416
down €28,416 (-11.3%), from €250,430 to €222,014
of which Furniture and vehicles: -€14,498
- Trade debts +€106,059
up €106,059 (+88.1%), from €120,429 to €226,487
- Reserves +€87,500
up €87,500 (+639%), from €13,700 to €101,200
of which Distributable reserves: +€87,500
- Tax, wage and social debts +€42,137
up €42,137 (+4,733%), from €890 to €43,027
- Other debts +€30,001
up €30,001 (+68.0%), from €44,143 to €74,144
- Debts after one year -€28,956
down €28,956 (-52.0%), from €55,664 to €26,708
- Gross operating margin +€137,737
up €137,737 (+260%), from €52,888 to €190,625
- Taxes +€40,772
up €40,772 (+2,852%), from €1,430 to €42,202
- Depreciation -€3,645
down €3,645 (-6.2%), from €59,061 to €55,416
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 | €519,324 | €745,574 | +€226,250 | +43.6% |
| Fixed assets | 21/28 | €250,430 | €222,071 | -€28,359 | -11.3% |
| Tangible fixed assets | 22/27 | €250,430 | €222,014 | -€28,416 | -11.3% |
| Land and buildings | 22 | €69,383 | €57,672 | -€11,711 | -16.9% |
| Plant, machinery and equipment | 23 | €5,251 | €3,045 | -€2,206 | -42.0% |
| Furniture and vehicles | 24 | €175,795 | €161,297 | -€14,498 | -8.2% |
| Financial fixed assets | 28 | - | €57 | +€57 | |
| Current assets | 29/58 | €268,894 | €523,503 | +€254,608 | +94.7% |
| Amounts receivable within one year | 40/41 | €163,116 | €273,827 | +€110,711 | +67.9% |
| Trade receivables | 40 | €130,360 | €215,897 | +€85,537 | +65.6% |
| Other amounts receivable | 41 | €32,755 | €57,929 | +€25,174 | +76.9% |
| Cash at bank and in hand | 54/58 | €103,106 | €247,307 | +€144,201 | +140% |
| Deferred charges and accrued income | 490/1 | €2,672 | €2,369 | -€303 | -11.3% |
| Total equity and liabilities | 10/49 | €519,324 | €745,574 | +€226,250 | +43.6% |
| Equity | 10/15 | €260,033 | €346,252 | +€86,218 | +33.2% |
| Contributions | 10/11 | €20,561 | €20,561 | = | 0.0% |
| Reserves | 13 | €13,700 | €101,200 | +€87,500 | +639% |
| Tax-exempt reserves | 132 | €6,700 | €6,700 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €94,500 | +€87,500 | +1,250% |
| Profit (loss) carried forward | 14 | €222,602 | €222,678 | +€76 | 0.0% |
| Investment grants | 15 | €3,170 | €1,812 | -€1,358 | -42.8% |
| Amounts payable | 17/49 | €259,291 | €399,322 | +€140,031 | +54.0% |
| Amounts payable after more than one year | 17 | €55,664 | €26,708 | -€28,956 | -52.0% |
| Financial debts | 170/4 | €55,664 | €26,708 | -€28,956 | -52.0% |
| Amounts payable within one year | 42/48 | €201,527 | €372,614 | +€171,087 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | €36,065 | €28,956 | -€7,109 | -19.7% |
| Trade debts | 44 | €120,429 | €226,487 | +€106,059 | +88.1% |
| Suppliers | 440/4 | €120,429 | €226,487 | +€106,059 | +88.1% |
| Taxes, remuneration and social security | 45 | €890 | €43,027 | +€42,137 | +4,733% |
| Taxes | 450/3 | €890 | €43,027 | +€42,137 | +4,733% |
| Other amounts payable | 47/48 | €44,143 | €74,144 | +€30,001 | +68.0% |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,061 | €55,416 | -€3,645 | -6.2% |
| Other operating charges | 640/8 | €1,970 | €2,242 | +€271 | +13.8% |
| Non-recurring operating charges | 66A | - | €2,045 | +€2,045 | |
| Gross operating margin | 9900 | €52,888 | €190,625 | +€137,737 | +260% |
| Operating profit (loss) | 9901 | -€8,143 | €130,922 | +€139,064 | |
| Financial income | 75/76B | €1,071 | €1,362 | +€291 | +27.1% |
| Recurring financial income | 75 | €1,071 | €1,362 | +€291 | +27.1% |
| Financial charges | 65/66B | €3,874 | €2,505 | -€1,368 | -35.3% |
| Recurring financial charges | 65 | €3,874 | €2,505 | -€1,368 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,945 | €129,778 | +€140,723 | |
| Income taxes | 67/77 | €1,430 | €42,202 | +€40,772 | +2,852% |
| Profit (loss) for the period | 9904 | -€12,375 | €87,576 | +€99,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,375 | €87,576 | +€99,951 |
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 22 October 2026 via checked.be.