D-FINANCE: 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-FINANCE
Largest movements
- Tangible fixed assets -€82,543
down €82,543 (-89.9%), from €91,822 to €9,279
of which Land and buildings: -€83,909
- Cash +€66,143
up €66,143 (+104.3%), from €63,397 to €129,540
mainly Investment in fixed assets (net) (+€77,781) and Net result for the year (+€39,024)
- Other debts -€50,651
down €50,651 (-66.6%), from €76,041 to €25,390
- Profit (loss) carried forward +€31,524
up €31,524 (+78.9%), from €39,930 to €71,454
- Current portion of long-term debt +€4,154
new in 2025: €4,154
- Gross operating margin +€119,827
up €119,827 (+460.3%), from €26,030 to €145,857
- Taxes +€9,261
up €9,261 (+206.0%), from €4,496 to €13,758
- Other operating charges +€2,380
up €2,380 (+425.6%), from €559 to €2,939
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 | €167,494 | €151,361 | -€16,132 | -9.6% |
| Fixed assets | 21/28 | €98,007 | €15,464 | -€82,543 | -84.2% |
| Tangible fixed assets | 22/27 | €91,822 | €9,279 | -€82,543 | -89.9% |
| Land and buildings | 22 | €83,909 | - | -€83,909 | |
| Plant, machinery and equipment | 23 | €3,447 | €2,055 | -€1,392 | -40.4% |
| Furniture and vehicles | 24 | €4,466 | €7,224 | +€2,758 | +61.7% |
| Financial fixed assets | 28 | €6,185 | €6,185 | = | 0.0% |
| Current assets | 29/58 | €69,487 | €135,898 | +€66,411 | +95.6% |
| Amounts receivable within one year | 40/41 | €6,090 | €6,358 | +€268 | +4.4% |
| Trade receivables | 40 | €5,500 | €6,358 | +€858 | +15.6% |
| Other amounts receivable | 41 | €590 | - | -€590 | |
| Cash at bank and in hand | 54/58 | €63,397 | €129,540 | +€66,143 | +104.3% |
| Total equity and liabilities | 10/49 | €167,494 | €151,361 | -€16,132 | -9.6% |
| Equity | 10/15 | €84,230 | €115,754 | +€31,524 | +37.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Contributions outside capital | 11 | €37,200 | €37,200 | = | 0.0% |
| Other | 1109/19 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €7,100 | €7,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Other | 1319 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,930 | €71,454 | +€31,524 | +78.9% |
| Amounts payable | 17/49 | €83,263 | €35,607 | -€47,656 | -57.2% |
| Amounts payable within one year | 42/48 | €83,263 | €35,607 | -€47,656 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,154 | +€4,154 | |
| Trade debts | 44 | - | €14 | +€14 | |
| Suppliers | 440/4 | - | €14 | +€14 | |
| Taxes, remuneration and social security | 45 | €7,223 | €6,049 | -€1,173 | -16.2% |
| Taxes | 450/3 | €7,223 | €6,049 | -€1,173 | -16.2% |
| Other amounts payable | 47/48 | €76,041 | €25,390 | -€50,651 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,992 | €4,762 | -€230 | -4.6% |
| Other operating charges | 640/8 | €559 | €2,939 | +€2,380 | +425.6% |
| Non-recurring operating charges | 66A | - | €85,199 | +€85,199 | |
| Gross operating margin | 9900 | €26,030 | €145,857 | +€119,827 | +460.3% |
| Operating profit (loss) | 9901 | €20,479 | €52,956 | +€32,477 | +158.6% |
| Financial charges | 65/66B | €196 | €175 | -€21 | -10.6% |
| Recurring financial charges | 65 | €196 | €175 | -€21 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €20,283 | €52,781 | +€32,498 | +160.2% |
| Income taxes | 67/77 | €4,496 | €13,758 | +€9,261 | +206.0% |
| Profit (loss) for the period | 9904 | €15,787 | €39,024 | +€23,237 | +147.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,787 | €39,024 | +€23,237 | +147.2% |
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 11 October 2026 via checked.be.