D-FINITE: 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-FINITE
Largest movements
- Receivables within one year -€112,530
down €112,530 (-17.6%), from €638,348 to €525,817
of which Trade receivables: -€111,474
- Cash +€92,446
up €92,446 (+38.1%), from €242,360 to €334,806
mainly Net result for the year (+€257,768) and Other debts (+€143,162)
- Tangible fixed assets -€49,604
down €49,604 (-12.6%), from €394,436 to €344,832
of which Land and buildings: -€42,539
- Other debts +€143,162
up €143,162 (+84.5%), from €169,487 to €312,649
- Accrued charges and deferred income -€136,666
down €136,666 (-57.9%), from €236,021 to €99,355
- Tax, wage and social debts -€86,804
down €86,804 (-30.5%), from €284,528 to €197,725
of which Taxes: -€61,309
- Staff costs -€292,720
down €292,720 (-23.0%), from €1.3m to €977,523
- Taxes +€54,203
up €54,203 (+137%), from €39,565 to €93,768
- Gross operating margin -€19,760
down €19,760 (-1.3%), from €1.5m to €1.5m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,294,850 | €1,223,657 | -€71,193 | -5.5% |
| Fixed assets | 21/28 | €394,436 | €344,832 | -€49,604 | -12.6% |
| Tangible fixed assets | 22/27 | €394,436 | €344,832 | -€49,604 | -12.6% |
| Land and buildings | 22 | €380,160 | €337,621 | -€42,539 | -11.2% |
| Plant, machinery and equipment | 23 | €14,276 | €7,211 | -€7,066 | -49.5% |
| Current assets | 29/58 | €900,414 | €878,825 | -€21,589 | -2.4% |
| Amounts receivable within one year | 40/41 | €638,348 | €525,817 | -€112,530 | -17.6% |
| Trade receivables | 40 | €637,291 | €525,817 | -€111,474 | -17.5% |
| Other amounts receivable | 41 | €1,056 | €0 | -€1,056 | -100% |
| Cash at bank and in hand | 54/58 | €242,360 | €334,806 | +€92,446 | +38.1% |
| Deferred charges and accrued income | 490/1 | €19,706 | €18,202 | -€1,504 | -7.6% |
| Total equity and liabilities | 10/49 | €1,294,850 | €1,223,657 | -€71,193 | -5.5% |
| Equity | 10/15 | €571,457 | €571,225 | -€232 | 0.0% |
| Contributions | 10/11 | €224,849 | €224,849 | = | 0.0% |
| Capital | 10 | €224,849 | €224,849 | = | 0.0% |
| Issued capital | 100 | €224,849 | €224,849 | = | 0.0% |
| Reserves | 13 | €178,504 | €178,504 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,712 | €30,712 | = | 0.0% |
| Legal reserve | 130 | €30,712 | €30,712 | = | 0.0% |
| Distributable reserves | 133 | €147,791 | €147,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,104 | €167,872 | -€232 | -0.1% |
| Provisions and deferred taxes | 16 | €1,204 | €1,204 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,204 | €1,204 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,204 | €1,204 | = | 0.0% |
| Amounts payable | 17/49 | €722,190 | €651,229 | -€70,961 | -9.8% |
| Amounts payable within one year | 42/48 | €486,169 | €551,874 | +€65,705 | +13.5% |
| Trade debts | 44 | €32,153 | €41,500 | +€9,347 | +29.1% |
| Suppliers | 440/4 | €32,153 | €41,500 | +€9,347 | +29.1% |
| Taxes, remuneration and social security | 45 | €284,528 | €197,725 | -€86,804 | -30.5% |
| Taxes | 450/3 | €81,730 | €20,421 | -€61,309 | -75.0% |
| Remuneration and social security | 454/9 | €202,798 | €177,303 | -€25,495 | -12.6% |
| Other amounts payable | 47/48 | €169,487 | €312,649 | +€143,162 | +84.5% |
| Accrued charges and deferred income | 492/3 | €236,021 | €99,355 | -€136,666 | -57.9% |
| Non-recurring operating income | 76A | - | €46,800 | +€46,800 | |
| Remuneration, social security and pensions | 62 | €1,270,243 | €977,523 | -€292,720 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,691 | €49,604 | -€87 | -0.2% |
| Other operating charges | 640/8 | €5,406 | €5,521 | +€115 | +2.1% |
| Non-recurring operating charges | 66A | €0 | €106,782 | +€106,782 | |
| Gross operating margin | 9900 | €1,542,097 | €1,522,337 | -€19,760 | -1.3% |
| Operating profit (loss) | 9901 | €216,757 | €382,907 | +€166,150 | +76.7% |
| Financial income | 75/76B | €31 | €0 | -€31 | -99.4% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -99.4% |
| Financial charges | 65/66B | €39,008 | €31,371 | -€7,637 | -19.6% |
| Recurring financial charges | 65 | €39,008 | €31,371 | -€7,637 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €177,780 | €351,536 | +€173,756 | +97.7% |
| Income taxes | 67/77 | €39,565 | €93,768 | +€54,203 | +137% |
| Profit (loss) for the period | 9904 | €138,216 | €257,768 | +€119,553 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,216 | €257,768 | +€119,553 | +86.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.