DANFE: 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.
DANFE
Largest movements
- Cash +€18,054
up €18,054 (+75.3%), from €23,965 to €42,019
mainly Net result for the year (+€36,190) and Depreciation (+€9,276)
- Tangible fixed assets -€1,776
down €1,776 (-3.7%), from €48,254 to €46,478
of which Plant, machinery and equipment: -€7,635
- Profit (loss) carried forward +€36,190
up €36,190, from -€1,800 to €34,390
- Other debts -€17,525
no longer reported in 2024 (was €17,525)
- Tax, wage and social debts +€8,690
up €8,690 (+82.6%), from €10,518 to €19,208
of which Taxes: +€12,222
- Trade debts -€7,843
down €7,843 (-58.3%), from €13,450 to €5,607
- Debts after one year -€3,011
down €3,011 (-66.3%), from €4,539 to €1,528
- Gross operating margin +€56,915
up €56,915 (+76.0%), from €74,922 to €131,837
- Staff costs +€25,472
up €25,472 (+57.4%), from €44,363 to €69,835
- Taxes +€11,781
up €11,781 (+8676.0%), from €136 to €11,917
- Depreciation +€1,344
up €1,344 (+16.9%), from €7,932 to €9,276
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,186 | €93,744 | +€16,559 | +21.5% |
| Fixed assets | 21/28 | €48,254 | €46,478 | -€1,776 | -3.7% |
| Tangible fixed assets | 22/27 | €48,254 | €46,478 | -€1,776 | -3.7% |
| Plant, machinery and equipment | 23 | €47,525 | €39,890 | -€7,635 | -16.1% |
| Furniture and vehicles | 24 | €730 | €6,588 | +€5,858 | +803.0% |
| Current assets | 29/58 | €28,931 | €47,266 | +€18,335 | +63.4% |
| Stocks and contracts in progress | 3 | €4,561 | €5,247 | +€687 | +15.1% |
| Stocks | 30/36 | €4,561 | €5,247 | +€687 | +15.1% |
| Amounts receivable within one year | 40/41 | €406 | - | -€406 | |
| Other amounts receivable | 41 | €406 | - | -€406 | |
| Cash at bank and in hand | 54/58 | €23,965 | €42,019 | +€18,054 | +75.3% |
| Total equity and liabilities | 10/49 | €77,186 | €93,744 | +€16,559 | +21.5% |
| Equity | 10/15 | €28,200 | €64,390 | +€36,190 | +128.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,800 | €34,390 | +€36,190 | |
| Amounts payable | 17/49 | €48,985 | €29,354 | -€19,631 | -40.1% |
| Amounts payable after more than one year | 17 | €4,539 | €1,528 | -€3,011 | -66.3% |
| Financial debts | 170/4 | €4,539 | €1,528 | -€3,011 | -66.3% |
| Amounts payable within one year | 42/48 | €44,447 | €27,826 | -€16,620 | -37.4% |
| Financial debts | 43 | €2,953 | €3,011 | +€58 | +2.0% |
| Credit institutions | 430/8 | €2,953 | €3,011 | +€58 | +2.0% |
| Trade debts | 44 | €13,450 | €5,607 | -€7,843 | -58.3% |
| Suppliers | 440/4 | €13,450 | €5,607 | -€7,843 | -58.3% |
| Taxes, remuneration and social security | 45 | €10,518 | €19,208 | +€8,690 | +82.6% |
| Taxes | 450/3 | €136 | €12,358 | +€12,222 | +9000.8% |
| Remuneration and social security | 454/9 | €10,383 | €6,850 | -€3,532 | -34.0% |
| Other amounts payable | 47/48 | €17,525 | - | -€17,525 | |
| Remuneration, social security and pensions | 62 | €44,363 | €69,835 | +€25,472 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,932 | €9,276 | +€1,344 | +16.9% |
| Other operating charges | 640/8 | €980 | €959 | -€21 | -2.1% |
| Non-recurring operating charges | 66A | €780 | €3,353 | +€2,572 | +329.8% |
| Gross operating margin | 9900 | €74,922 | €131,837 | +€56,915 | +76.0% |
| Operating profit (loss) | 9901 | €20,867 | €48,413 | +€27,547 | +132.0% |
| Financial charges | 65/66B | €1,386 | €306 | -€1,080 | -77.9% |
| Recurring financial charges | 65 | €1,386 | €306 | -€1,080 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €19,480 | €48,107 | +€28,627 | +147.0% |
| Income taxes | 67/77 | €136 | €11,917 | +€11,781 | +8676.0% |
| Profit (loss) for the period | 9904 | €19,344 | €36,190 | +€16,846 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,344 | €36,190 | +€16,846 | +87.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.