D.F.A.T.: 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.
D.F.A.T.
Largest movements
- Receivables within one year -€41,476
down €41,476 (-19.5%), from €212,722 to €171,246
of which Other amounts receivable: -€41,654
- Cash +€19,109
up €19,109 (+17.2%), from €111,112 to €130,221
mainly Net result for the year (+€61,675) and Receivables within one year (+€41,476)
- Trade debts -€35,767
down €35,767 (-15.3%), from €233,953 to €198,186
- Tax, wage and social debts +€13,292
up €13,292 (+48.1%), from €27,609 to €40,901
- Gross operating margin +€53,949
up €53,949 (+167%), from €32,329 to €86,278
- Taxes +€14,616
up €14,616 (+187%), from €7,835 to €22,451
- Financial charges -€1,452
down €1,452 (-45.3%), from €3,204 to €1,752
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 | €324,651 | €302,295 | -€22,356 | -6.9% |
| Fixed assets | 21/28 | €600 | €600 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €324,051 | €301,695 | -€22,356 | -6.9% |
| Amounts receivable within one year | 40/41 | €212,722 | €171,246 | -€41,476 | -19.5% |
| Trade receivables | 40 | - | €178 | +€178 | |
| Other amounts receivable | 41 | €212,722 | €171,068 | -€41,654 | -19.6% |
| Cash at bank and in hand | 54/58 | €111,112 | €130,221 | +€19,109 | +17.2% |
| Deferred charges and accrued income | 490/1 | €217 | €228 | +€11 | +5.0% |
| Total equity and liabilities | 10/49 | €324,651 | €302,295 | -€22,356 | -6.9% |
| Equity | 10/15 | €62,902 | €63,077 | +€175 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,302 | €44,477 | +€175 | +0.4% |
| Distributable reserves | 133 | €44,302 | €44,477 | +€175 | +0.4% |
| Amounts payable | 17/49 | €261,749 | €239,218 | -€22,531 | -8.6% |
| Amounts payable within one year | 42/48 | €261,562 | €239,087 | -€22,475 | -8.6% |
| Trade debts | 44 | €233,953 | €198,186 | -€35,767 | -15.3% |
| Suppliers | 440/4 | €233,953 | €198,186 | -€35,767 | -15.3% |
| Taxes, remuneration and social security | 45 | €27,609 | €40,901 | +€13,292 | +48.1% |
| Taxes | 450/3 | €27,609 | €40,901 | +€13,292 | +48.1% |
| Accrued charges and deferred income | 492/3 | €187 | €131 | -€56 | -30.2% |
| Non-recurring operating income | 76A | €236 | €8,578 | +€8,342 | +3,535% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €32,329 | €86,278 | +€53,949 | +167% |
| Operating profit (loss) | 9901 | €31,942 | €85,878 | +€53,936 | +169% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €3,204 | €1,752 | -€1,452 | -45.3% |
| Recurring financial charges | 65 | €3,204 | €1,752 | -€1,452 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €28,751 | €84,126 | +€55,375 | +193% |
| Income taxes | 67/77 | €7,835 | €22,451 | +€14,616 | +187% |
| Profit (loss) for the period | 9904 | €20,916 | €61,675 | +€40,759 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €20,916 | €61,675 | +€40,759 | +195% |
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 31 October 2026 via checked.be.