D-FI MANAGEMENT: 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-FI MANAGEMENT
Largest movements
- Tangible fixed assets +€11,688
up €11,688 (+10.2%), from €114,145 to €125,833
of which Furniture and vehicles: +€13,350
- Receivables within one year +€7,082
up €7,082 (+51.6%), from €13,713 to €20,795
- Debts after one year +€38,439
up €38,439 (+113%), from €34,055 to €72,494
of which Other amounts payable: +€43,000
- Other debts -€25,723
down €25,723 (-66.2%), from €38,873 to €13,150
- Profit (loss) carried forward -€7,143
down €7,143 (-14.7%), from €48,671 to €41,528
- Tax, wage and social debts +€6,443
up €6,443 (+60.4%), from €10,666 to €17,109
- Current portion of long-term debt +€5,151
up €5,151 (+73.7%), from €6,993 to €12,144
- Gross operating margin +€13,125
up €13,125 (+25.3%), from €51,932 to €65,057
- Other operating charges -€3,460
down €3,460 (-75.2%), from €4,598 to €1,139
- Depreciation +€3,002
up €3,002 (+134%), from €2,240 to €5,242
- Financial charges +€867
up €867 (+56.6%), from €1,532 to €2,399
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 | €177,313 | €195,070 | +€17,758 | +10.0% |
| Fixed assets | 21/28 | €114,145 | €125,833 | +€11,688 | +10.2% |
| Tangible fixed assets | 22/27 | €114,145 | €125,833 | +€11,688 | +10.2% |
| Land and buildings | 22 | €112,223 | €111,219 | -€1,004 | -0.9% |
| Plant, machinery and equipment | 23 | €1,217 | €559 | -€658 | -54.1% |
| Furniture and vehicles | 24 | €705 | €14,055 | +€13,350 | +1,894% |
| Current assets | 29/58 | €63,167 | €69,237 | +€6,070 | +9.6% |
| Amounts receivable within one year | 40/41 | €13,713 | €20,795 | +€7,082 | +51.6% |
| Trade receivables | 40 | €13,713 | €20,795 | +€7,082 | +51.6% |
| Cash at bank and in hand | 54/58 | €46,088 | €46,288 | +€201 | +0.4% |
| Deferred charges and accrued income | 490/1 | €3,367 | €2,154 | -€1,213 | -36.0% |
| Total equity and liabilities | 10/49 | €177,313 | €195,070 | +€17,758 | +10.0% |
| Equity | 10/15 | €80,831 | €73,688 | -€7,143 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,560 | €13,560 | = | 0.0% |
| Distributable reserves | 133 | €13,560 | €13,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,671 | €41,528 | -€7,143 | -14.7% |
| Amounts payable | 17/49 | €96,482 | €121,383 | +€24,901 | +25.8% |
| Amounts payable after more than one year | 17 | €34,055 | €72,494 | +€38,439 | +113% |
| Financial debts | 170/4 | €34,055 | €29,494 | -€4,561 | -13.4% |
| Other amounts payable | 178/9 | - | €43,000 | +€43,000 | |
| Amounts payable within one year | 42/48 | €62,427 | €48,889 | -€13,538 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €6,993 | €12,144 | +€5,151 | +73.7% |
| Trade debts | 44 | €5,895 | €6,486 | +€591 | +10.0% |
| Suppliers | 440/4 | €5,895 | €6,486 | +€591 | +10.0% |
| Taxes, remuneration and social security | 45 | €10,666 | €17,109 | +€6,443 | +60.4% |
| Taxes | 450/3 | €10,666 | €17,109 | +€6,443 | +60.4% |
| Other amounts payable | 47/48 | €38,873 | €13,150 | -€25,723 | -66.2% |
| Remuneration, social security and pensions | 62 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €5,242 | +€3,002 | +134% |
| Other operating charges | 640/8 | €4,598 | €1,139 | -€3,460 | -75.2% |
| Gross operating margin | 9900 | €51,932 | €65,057 | +€13,125 | +25.3% |
| Operating profit (loss) | 9901 | €45,001 | €58,676 | +€13,676 | +30.4% |
| Financial income | 75/76B | €181 | €258 | +€78 | +42.9% |
| Recurring financial income | 75 | €181 | €258 | +€78 | +42.9% |
| Financial charges | 65/66B | €1,532 | €2,399 | +€867 | +56.6% |
| Recurring financial charges | 65 | €1,532 | €2,399 | +€867 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €43,650 | €56,536 | +€12,886 | +29.5% |
| Income taxes | 67/77 | €14,402 | €15,008 | +€606 | +4.2% |
| Profit (loss) for the period | 9904 | €29,248 | €41,528 | +€12,280 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,248 | €41,528 | +€12,280 | +42.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.