D-FI PROJECT: what changed
Two fiscal 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 PROJECT
Largest movements
- Tangible fixed assets +€573,154
up €573,154 (+63.4%), from €903,555 to €1.5m
of which Land and buildings: +€508,763
- Current investments +€500,001
up €500,001 (+450451.4%), from €111 to €500,112
- Cash +€46,990
up €46,990 (+2773.9%), from €1,694 to €48,684
mainly Contributions, distributions and other (+€1.1m) and Other debts (+€84,984)
- Contributions +€1.1m
up €1.1m (+1100.0%), from €100,000 to €1.2m
- Other debts +€84,984
up €84,984 (+487.3%), from €17,439 to €102,423
- Debts after one year -€32,501
down €32,501 (-3.3%), from €981,661 to €949,160
of which Financial debts: -€32,501
- Profit (loss) carried forward -€32,425
down €32,425 (-12.8%), from -€253,687 to -€286,112
- Gross operating margin -€23,482
down €23,482 (-48.8%), from €48,082 to €24,600
- Depreciation -€3,676
down €3,676 (-8.0%), from €45,745 to €42,069
- Financial income +€1,185
up €1,185 (+14812.5%), from €8 to €1,193
- Financial charges -€704
down €704 (-7.3%), from €9,630 to €8,926
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.
Cash bridge derived
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 | €905,479 | €2,025,985 | +€1.1m | +123.7% |
| Fixed assets | 21/28 | €903,555 | €1,476,709 | +€573,154 | +63.4% |
| Tangible fixed assets | 22/27 | €903,555 | €1,476,709 | +€573,154 | +63.4% |
| Land and buildings | 22 | €901,708 | €1,410,471 | +€508,763 | +56.4% |
| Plant, machinery and equipment | 23 | €431 | €1,782 | +€1,351 | +313.5% |
| Furniture and vehicles | 24 | €1,416 | €916 | -€500 | -35.3% |
| Assets under construction and advance payments | 27 | - | €63,540 | +€63,540 | |
| Current assets | 29/58 | €1,924 | €549,276 | +€547,352 | +28448.6% |
| Amounts receivable within one year | 40/41 | €119 | €480 | +€361 | +303.4% |
| Trade receivables | 40 | €119 | €122 | +€3 | +2.5% |
| Other amounts receivable | 41 | - | €358 | +€358 | |
| Current investments | 50/53 | €111 | €500,112 | +€500,001 | +450451.4% |
| Cash at bank and in hand | 54/58 | €1,694 | €48,684 | +€46,990 | +2773.9% |
| Total equity and liabilities | 10/49 | €905,479 | €2,025,985 | +€1.1m | +123.7% |
| Equity | 10/15 | -€153,687 | €913,888 | +€1.1m | |
| Contributions | 10/11 | €100,000 | €1,200,000 | +€1.1m | +1100.0% |
| Capital | 10 | €100,000 | €1,200,000 | +€1.1m | +1100.0% |
| Issued capital | 100 | €100,000 | €1,200,000 | +€1.1m | +1100.0% |
| Profit (loss) carried forward | 14 | -€253,687 | -€286,112 | -€32,425 | -12.8% |
| Amounts payable | 17/49 | €1,059,166 | €1,112,097 | +€52,931 | +5.0% |
| Amounts payable after more than one year | 17 | €981,661 | €949,160 | -€32,501 | -3.3% |
| Financial debts | 170/4 | €408,959 | €376,458 | -€32,501 | -7.9% |
| Other amounts payable | 178/9 | €572,702 | €572,702 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,970 | €136,402 | +€85,432 | +167.6% |
| Current portion of amounts payable after more than one year | 42 | €32,500 | €32,500 | = | 0.0% |
| Trade debts | 44 | €105 | €1,479 | +€1,374 | +1308.6% |
| Suppliers | 440/4 | €105 | €1,479 | +€1,374 | +1308.6% |
| Taxes, remuneration and social security | 45 | €926 | - | -€926 | |
| Taxes | 450/3 | €926 | - | -€926 | |
| Other amounts payable | 47/48 | €17,439 | €102,423 | +€84,984 | +487.3% |
| Accrued charges and deferred income | 492/3 | €26,535 | €26,535 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,745 | €42,069 | -€3,676 | -8.0% |
| Other operating charges | 640/8 | €7,037 | €7,223 | +€186 | +2.6% |
| Gross operating margin | 9900 | €48,082 | €24,600 | -€23,482 | -48.8% |
| Operating profit (loss) | 9901 | -€4,700 | -€24,692 | -€19,992 | -425.4% |
| Financial income | 75/76B | €8 | €1,193 | +€1,185 | +14812.5% |
| Recurring financial income | 75 | €8 | €1,193 | +€1,185 | +14812.5% |
| Financial charges | 65/66B | €9,630 | €8,926 | -€704 | -7.3% |
| Recurring financial charges | 65 | €9,630 | €8,926 | -€704 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,322 | -€32,425 | -€18,103 | -126.4% |
| Profit (loss) for the period | 9904 | -€14,322 | -€32,425 | -€18,103 | -126.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,322 | -€32,425 | -€18,103 | -126.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.