D & F SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€26,699
up €26,699 (+61.5%), from €43,444 to €70,143
of which Trade receivables: +€25,413
- Cash +€26,505
up €26,505 (+86.6%), from €30,602 to €57,107
mainly Tax, wage and social debts (+€30,627) and Net result for the year (+€24,172)
- Tangible fixed assets -€7,088
down €7,088 (-17.8%), from €39,785 to €32,697
of which Land and buildings: -€4,808
- Deferred charges and accrued income +€2,820
up €2,820, from €0 to €2,820
- Receivables after one year +€2,520
up €2,520 (+3.0%), from €84,000 to €86,520
- Tax, wage and social debts +€30,627
up €30,627 (+591%), from €5,184 to €35,811
of which Taxes: +€27,664
- Reserves +€24,172
up €24,172 (+21.5%), from €112,597 to €136,769
- Trade debts -€13,841
down €13,841 (-97.4%), from €14,217 to €376
- Short-term financial debts +€9,929
new in 2025: €9,929
- Taxes +€4,414
up €4,414 (+29.2%), from €15,100 to €19,514
- Depreciation +€1,978
up €1,978 (+14.9%), from €13,308 to €15,286
- Gross operating margin +€1,658
up €1,658 (+2.7%), from €61,103 to €62,761
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 | €198,731 | €250,187 | +€51,456 | +25.9% |
| Fixed assets | 21/28 | €40,685 | €33,597 | -€7,088 | -17.4% |
| Tangible fixed assets | 22/27 | €39,785 | €32,697 | -€7,088 | -17.8% |
| Land and buildings | 22 | €16,441 | €11,633 | -€4,808 | -29.2% |
| Plant, machinery and equipment | 23 | €13,577 | €9,427 | -€4,150 | -30.6% |
| Furniture and vehicles | 24 | €9,766 | €11,637 | +€1,870 | +19.2% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €158,046 | €216,590 | +€58,544 | +37.0% |
| Amounts receivable after more than one year | 29 | €84,000 | €86,520 | +€2,520 | +3.0% |
| Other amounts receivable | 291 | €84,000 | €86,520 | +€2,520 | +3.0% |
| Amounts receivable within one year | 40/41 | €43,444 | €70,143 | +€26,699 | +61.5% |
| Trade receivables | 40 | €34,014 | €59,427 | +€25,413 | +74.7% |
| Other amounts receivable | 41 | €9,430 | €10,716 | +€1,286 | +13.6% |
| Cash at bank and in hand | 54/58 | €30,602 | €57,107 | +€26,505 | +86.6% |
| Deferred charges and accrued income | 490/1 | €0 | €2,820 | +€2,820 | |
| Total equity and liabilities | 10/49 | €198,731 | €250,187 | +€51,456 | +25.9% |
| Equity | 10/15 | €131,197 | €155,369 | +€24,172 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,597 | €136,769 | +€24,172 | +21.5% |
| Distributable reserves | 133 | €112,597 | €136,769 | +€24,172 | +21.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €67,534 | €94,818 | +€27,284 | +40.4% |
| Amounts payable after more than one year | 17 | €4,680 | €5,124 | +€444 | +9.5% |
| Financial debts | 170/4 | €4,680 | €5,124 | +€444 | +9.5% |
| Amounts payable within one year | 42/48 | €24,054 | €50,894 | +€26,840 | +112% |
| Current portion of amounts payable after more than one year | 42 | €3,533 | €4,779 | +€1,246 | +35.3% |
| Financial debts | 43 | - | €9,929 | +€9,929 | |
| Credit institutions | 430/8 | - | €9,929 | +€9,929 | |
| Trade debts | 44 | €14,217 | €376 | -€13,841 | -97.4% |
| Suppliers | 440/4 | €14,217 | €376 | -€13,841 | -97.4% |
| Taxes, remuneration and social security | 45 | €5,184 | €35,811 | +€30,627 | +591% |
| Taxes | 450/3 | €5,184 | €32,847 | +€27,664 | +534% |
| Remuneration and social security | 454/9 | €0 | €2,963 | +€2,963 | |
| Other amounts payable | 47/48 | €1,120 | €0 | -€1,120 | -100% |
| Accrued charges and deferred income | 492/3 | €38,800 | €38,800 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €209 | +€209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,308 | €15,286 | +€1,978 | +14.9% |
| Other operating charges | 640/8 | €3,027 | €2,741 | -€286 | -9.5% |
| Non-recurring operating charges | 66A | €9,850 | €0 | -€9,850 | -100% |
| Gross operating margin | 9900 | €61,103 | €62,761 | +€1,658 | +2.7% |
| Operating profit (loss) | 9901 | €34,918 | €44,525 | +€9,607 | +27.5% |
| Financial income | 75/76B | €2,571 | €2,933 | +€362 | +14.1% |
| Recurring financial income | 75 | €2,571 | €2,933 | +€362 | +14.1% |
| Financial charges | 65/66B | €3,576 | €3,772 | +€196 | +5.5% |
| Recurring financial charges | 65 | €3,576 | €3,772 | +€196 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €33,913 | €43,686 | +€9,773 | +28.8% |
| Income taxes | 67/77 | €15,100 | €19,514 | +€4,414 | +29.2% |
| Profit (loss) for the period | 9904 | €18,813 | €24,172 | +€5,359 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,813 | €24,172 | +€5,359 | +28.5% |
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.