Daphne FBQ: 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.
Daphne FBQ
Largest movements
- Cash +€85,801
up €85,801 (+95.0%), from €90,338 to €176,139
mainly Net result for the year (+€137,616) and Other debts (+€26,000)
- Tangible fixed assets +€14,843
up €14,843 (+13.7%), from €108,189 to €123,032
of which Furniture and vehicles: +€8,583
- Receivables within one year +€8,712
up €8,712 (+285.7%), from €3,049 to €11,762
of which Other amounts receivable: +€5,974
- Reserves +€97,616
up €97,616 (+78.4%), from €124,494 to €222,110
of which Distributable reserves: +€55,516
- Other debts +€26,000
up €26,000 (+108.3%), from €24,000 to €50,000
- Trade debts -€13,971
down €13,971 (-48.2%), from €28,964 to €14,993
- Gross operating margin +€43,445
up €43,445 (+21.6%), from €201,184 to €244,629
- Financial charges -€6,038
down €6,038 (-38.4%), from €15,742 to €9,704
- Staff costs +€4,266
up €4,266 (+10.1%), from €42,250 to €46,516
- Taxes +€3,890
up €3,890 (+14.1%), from €27,615 to €31,504
- Depreciation +€2,985
up €2,985 (+17.8%), from €16,812 to €19,797
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 | €234,243 | €345,481 | +€111,238 | +47.5% |
| Fixed assets | 21/28 | €110,737 | €125,580 | +€14,843 | +13.4% |
| Tangible fixed assets | 22/27 | €108,189 | €123,032 | +€14,843 | +13.7% |
| Land and buildings | 22 | €1,275 | €620 | -€655 | -51.4% |
| Plant, machinery and equipment | 23 | €44,713 | €49,688 | +€4,975 | +11.1% |
| Furniture and vehicles | 24 | €12,104 | €20,687 | +€8,583 | +70.9% |
| Other tangible fixed assets | 26 | €50,097 | €52,038 | +€1,940 | +3.9% |
| Financial fixed assets | 28 | €2,548 | €2,548 | = | 0.0% |
| Current assets | 29/58 | €123,506 | €219,901 | +€96,395 | +78.0% |
| Stocks and contracts in progress | 3 | €30,100 | €32,000 | +€1,900 | +6.3% |
| Stocks | 30/36 | €30,100 | €32,000 | +€1,900 | +6.3% |
| Amounts receivable within one year | 40/41 | €3,049 | €11,762 | +€8,712 | +285.7% |
| Trade receivables | 40 | €125 | €2,863 | +€2,738 | +2194.4% |
| Other amounts receivable | 41 | €2,925 | €8,899 | +€5,974 | +204.3% |
| Cash at bank and in hand | 54/58 | €90,338 | €176,139 | +€85,801 | +95.0% |
| Deferred charges and accrued income | 490/1 | €18 | €0 | -€18 | -100.0% |
| Total equity and liabilities | 10/49 | €234,243 | €345,481 | +€111,238 | +47.5% |
| Equity | 10/15 | €143,094 | €240,710 | +€97,616 | +68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,494 | €222,110 | +€97,616 | +78.4% |
| Tax-exempt reserves | 132 | €42,100 | €84,200 | +€42,100 | +100.0% |
| Distributable reserves | 133 | €82,394 | €137,910 | +€55,516 | +67.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,149 | €104,771 | +€13,622 | +14.9% |
| Amounts payable after more than one year | 17 | €22,001 | €21,431 | -€570 | -2.6% |
| Financial debts | 170/4 | €22,001 | €21,431 | -€570 | -2.6% |
| Amounts payable within one year | 42/48 | €68,634 | €80,940 | +€12,305 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €1,518 | €1,597 | +€78 | +5.2% |
| Trade debts | 44 | €28,964 | €14,993 | -€13,971 | -48.2% |
| Suppliers | 440/4 | €28,964 | €14,993 | -€13,971 | -48.2% |
| Advances received on contracts in progress | 46 | - | €534 | +€534 | |
| Taxes, remuneration and social security | 45 | €14,152 | €13,816 | -€336 | -2.4% |
| Taxes | 450/3 | €8,307 | €8,170 | -€136 | -1.6% |
| Remuneration and social security | 454/9 | €5,846 | €5,646 | -€200 | -3.4% |
| Other amounts payable | 47/48 | €24,000 | €50,000 | +€26,000 | +108.3% |
| Accrued charges and deferred income | 492/3 | €513 | €2,400 | +€1,886 | +367.5% |
| Remuneration, social security and pensions | 62 | €42,250 | €46,516 | +€4,266 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,812 | €19,797 | +€2,985 | +17.8% |
| Other operating charges | 640/8 | €513 | €568 | +€55 | +10.7% |
| Gross operating margin | 9900 | €201,184 | €244,629 | +€43,445 | +21.6% |
| Operating profit (loss) | 9901 | €141,609 | €177,748 | +€36,139 | +25.5% |
| Financial income | 75/76B | €458 | €1,076 | +€618 | +135.0% |
| Recurring financial income | 75 | €458 | €1,076 | +€618 | +135.0% |
| Financial charges | 65/66B | €15,742 | €9,704 | -€6,038 | -38.4% |
| Recurring financial charges | 65 | €15,742 | €9,704 | -€6,038 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €126,325 | €169,120 | +€42,795 | +33.9% |
| Income taxes | 67/77 | €27,615 | €31,504 | +€3,890 | +14.1% |
| Profit (loss) for the period | 9904 | €98,710 | €137,616 | +€38,906 | +39.4% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,610 | €95,516 | +€38,906 | +68.7% |
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 12 October 2026 via checked.be.