D&F Concept: 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 Concept
Largest movements
- Receivables within one year +€30,417
up €30,417 (+93.8%), from €32,440 to €62,857
of which Trade receivables: +€24,842
- Tangible fixed assets -€14,935
down €14,935 (-7.3%), from €203,277 to €188,341
- Profit (loss) carried forward +€26,804
up €26,804, from -€21,386 to €5,419
- Debts after one year -€17,350
down €17,350 (-11.4%), from €151,779 to €134,428
- Other debts -€15,026
down €15,026 (-28.2%), from €53,370 to €38,344
- Trade debts +€15,009
up €15,009 (+142%), from €10,564 to €25,573
- Short-term financial debts +€3,336
up €3,336 (+202%), from €1,650 to €4,986
- Gross operating margin +€51,474
up €51,474 (+2,725%), from €1,889 to €53,363
- Depreciation +€2,240
up €2,240 (+15.7%), from €14,288 to €16,528
- Taxes +€2,080
up €2,080 (+1,539%), from €135 to €2,215
- Financial charges -€1,129
down €1,129 (-19.5%), from €5,786 to €4,657
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 | €252,092 | €266,658 | +€14,566 | +5.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €203,277 | €188,341 | -€14,935 | -7.3% |
| Tangible fixed assets | 22/27 | €203,277 | €188,341 | -€14,935 | -7.3% |
| Land and buildings | 22 | €184,492 | €177,166 | -€7,326 | -4.0% |
| Plant, machinery and equipment | 23 | €175 | €0 | -€175 | -100% |
| Furniture and vehicles | 24 | €18,610 | €11,176 | -€7,434 | -39.9% |
| Current assets | 29/58 | €48,815 | €78,316 | +€29,501 | +60.4% |
| Stocks and contracts in progress | 3 | €12,875 | €12,150 | -€725 | -5.6% |
| Stocks | 30/36 | €12,875 | €12,150 | -€725 | -5.6% |
| Amounts receivable within one year | 40/41 | €32,440 | €62,857 | +€30,417 | +93.8% |
| Trade receivables | 40 | €28,101 | €52,943 | +€24,842 | +88.4% |
| Other amounts receivable | 41 | €4,339 | €9,914 | +€5,575 | +128% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,309 | -€190 | -5.4% |
| Total equity and liabilities | 10/49 | €252,092 | €266,658 | +€14,566 | +5.8% |
| Equity | 10/15 | €17,491 | €44,296 | +€26,804 | +153% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €28,877 | €28,877 | = | 0.0% |
| Distributable reserves | 133 | €28,877 | €28,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,386 | €5,419 | +€26,804 | |
| Amounts payable | 17/49 | €234,600 | €222,362 | -€12,238 | -5.2% |
| Amounts payable after more than one year | 17 | €151,779 | €134,428 | -€17,350 | -11.4% |
| Financial debts | 170/4 | €151,779 | €134,428 | -€17,350 | -11.4% |
| Amounts payable within one year | 42/48 | €80,479 | €86,699 | +€6,220 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €11,180 | €14,485 | +€3,305 | +29.6% |
| Financial debts | 43 | €1,650 | €4,986 | +€3,336 | +202% |
| Credit institutions | 430/8 | €1,650 | €4,986 | +€3,336 | +202% |
| Trade debts | 44 | €10,564 | €25,573 | +€15,009 | +142% |
| Suppliers | 440/4 | €10,564 | €25,573 | +€15,009 | +142% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,716 | €3,311 | -€405 | -10.9% |
| Taxes | 450/3 | €664 | €135 | -€529 | -79.7% |
| Remuneration and social security | 454/9 | €3,051 | €3,176 | +€124 | +4.1% |
| Other amounts payable | 47/48 | €53,370 | €38,344 | -€15,026 | -28.2% |
| Accrued charges and deferred income | 492/3 | €2,343 | €1,235 | -€1,108 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,288 | €16,528 | +€2,240 | +15.7% |
| Other operating charges | 640/8 | €3,066 | €3,158 | +€92 | +3.0% |
| Gross operating margin | 9900 | €1,889 | €53,363 | +€51,474 | +2,725% |
| Operating profit (loss) | 9901 | -€15,465 | €33,676 | +€49,141 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5,786 | €4,657 | -€1,129 | -19.5% |
| Recurring financial charges | 65 | €5,786 | €4,657 | -€1,129 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,251 | €29,020 | +€50,270 | |
| Income taxes | 67/77 | €135 | €2,215 | +€2,080 | +1,539% |
| Profit (loss) for the period | 9904 | -€21,386 | €26,804 | +€48,190 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,386 | €26,804 | +€48,190 |
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 24 October 2026 via checked.be.