D.I.F.: 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.I.F.
Largest movements
- Cash +€19,071
up €19,071 (+186%), from €10,238 to €29,309
mainly Depreciation (+€46,438) and Other debts (+€38,896)
- Other debts +€38,896
up €38,896 (+139%), from €28,027 to €66,923
- Debts after one year -€35,137
down €35,137 (-25.2%), from €139,501 to €104,364
- Reserves +€14,918
up €14,918 (+11.4%), from €130,855 to €145,773
of which Distributable reserves: +€22,001
- Depreciation +€13,580
up €13,580 (+41.3%), from €32,858 to €46,438
- Taxes -€3,760
down €3,760 (-24.6%), from €15,290 to €11,530
- Financial charges -€1,840
down €1,840 (-20.8%), from €8,830 to €6,990
- Gross operating margin +€1,490
up €1,490 (+1.6%), from €92,897 to €94,387
- Write-downs +€1,471
new in 2025: €1,471
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 | €431,165 | €448,941 | +€17,776 | +4.1% |
| Fixed assets | 21/28 | €394,903 | €392,175 | -€2,728 | -0.7% |
| Tangible fixed assets | 22/27 | €394,903 | €392,175 | -€2,728 | -0.7% |
| Land and buildings | 22 | €300,155 | €281,030 | -€19,125 | -6.4% |
| Plant, machinery and equipment | 23 | €94,748 | €83,220 | -€11,528 | -12.2% |
| Furniture and vehicles | 24 | - | €27,925 | +€27,925 | |
| Current assets | 29/58 | €36,262 | €56,766 | +€20,504 | +56.5% |
| Amounts receivable within one year | 40/41 | €25,713 | €27,029 | +€1,316 | +5.1% |
| Trade receivables | 40 | €25,713 | €26,878 | +€1,165 | +4.5% |
| Other amounts receivable | 41 | - | €151 | +€151 | |
| Cash at bank and in hand | 54/58 | €10,238 | €29,309 | +€19,071 | +186% |
| Deferred charges and accrued income | 490/1 | €311 | €428 | +€117 | +37.6% |
| Total equity and liabilities | 10/49 | €431,165 | €448,941 | +€17,776 | +4.1% |
| Equity | 10/15 | €202,259 | €217,903 | +€15,644 | +7.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €130,855 | €145,773 | +€14,918 | +11.4% |
| Tax-exempt reserves | 132 | €42,496 | €35,413 | -€7,083 | -16.7% |
| Distributable reserves | 133 | €88,359 | €110,360 | +€22,001 | +24.9% |
| Profit (loss) carried forward | 14 | €65,207 | €65,933 | +€726 | +1.1% |
| Provisions and deferred taxes | 16 | €14,165 | €11,804 | -€2,361 | -16.7% |
| Deferred taxes | 168 | €14,165 | €11,804 | -€2,361 | -16.7% |
| Amounts payable | 17/49 | €214,741 | €219,234 | +€4,493 | +2.1% |
| Amounts payable after more than one year | 17 | €139,501 | €104,364 | -€35,137 | -25.2% |
| Financial debts | 170/4 | €139,501 | €104,364 | -€35,137 | -25.2% |
| Amounts payable within one year | 42/48 | €75,240 | €114,870 | +€39,630 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €38,931 | €35,782 | -€3,149 | -8.1% |
| Trade debts | 44 | €251 | €103 | -€148 | -59.0% |
| Suppliers | 440/4 | €251 | €103 | -€148 | -59.0% |
| Taxes, remuneration and social security | 45 | €8,031 | €12,062 | +€4,031 | +50.2% |
| Taxes | 450/3 | €8,031 | €12,062 | +€4,031 | +50.2% |
| Other amounts payable | 47/48 | €28,027 | €66,923 | +€38,896 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,858 | €46,438 | +€13,580 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,471 | +€1,471 | |
| Other operating charges | 640/8 | €14,756 | €14,717 | -€39 | -0.3% |
| Gross operating margin | 9900 | €92,897 | €94,387 | +€1,490 | +1.6% |
| Operating profit (loss) | 9901 | €45,283 | €31,761 | -€13,522 | -29.9% |
| Financial income | 75/76B | €24 | €41 | +€17 | +70.8% |
| Recurring financial income | 75 | €24 | €41 | +€17 | +70.8% |
| Financial charges | 65/66B | €8,830 | €6,990 | -€1,840 | -20.8% |
| Recurring financial charges | 65 | €8,830 | €6,990 | -€1,840 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €36,477 | €24,812 | -€11,665 | -32.0% |
| Transfer from deferred taxes | 780 | €2,361 | €2,361 | = | 0.0% |
| Income taxes | 67/77 | €15,290 | €11,530 | -€3,760 | -24.6% |
| Profit (loss) for the period | 9904 | €23,548 | €15,643 | -€7,905 | -33.6% |
| Transfer from tax-exempt reserves | 789 | €7,083 | €7,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,631 | €22,726 | -€7,905 | -25.8% |
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.