DAPHNE FEVERY: 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 FEVERY
Largest movements
- Cash +€140,242
up €140,242 (+82.7%), from €169,501 to €309,743
mainly Net result for the year (+€142,855) and Depreciation (+€21,266)
- Tangible fixed assets -€16,649
down €16,649 (-10.3%), from €161,397 to €144,748
of which Land and buildings: -€14,795
- Receivables within one year -€16,247
down €16,247 (-51.8%), from €31,350 to €15,103
of which Other amounts receivable: -€13,157
- Reserves +€90,118
up €90,118 (+33.0%), from €272,701 to €362,820
- Tax, wage and social debts +€15,928
up €15,928 (+39.2%), from €40,603 to €56,531
of which Taxes: +€26,395
- Current portion of long-term debt -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward +€13,855
up €13,855 (+662%), from €2,094 to €15,949
- Gross operating margin +€82,073
up €82,073 (+62.5%), from €131,299 to €213,371
- Taxes +€36,218
up €36,218 (+401%), from €9,041 to €45,259
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 | €370,897 | €477,642 | +€106,745 | +28.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €169,463 | €152,796 | -€16,667 | -9.8% |
| Tangible fixed assets | 22/27 | €161,397 | €144,748 | -€16,649 | -10.3% |
| Land and buildings | 22 | €108,394 | €93,599 | -€14,795 | -13.6% |
| Plant, machinery and equipment | 23 | €47,204 | €46,137 | -€1,066 | -2.3% |
| Furniture and vehicles | 24 | €2,049 | €1,261 | -€788 | -38.4% |
| Other tangible fixed assets | 26 | €3,750 | €3,750 | = | 0.0% |
| Financial fixed assets | 28 | €8,066 | €8,048 | -€19 | -0.2% |
| Current assets | 29/58 | €201,434 | €324,846 | +€123,412 | +61.3% |
| Amounts receivable within one year | 40/41 | €31,350 | €15,103 | -€16,247 | -51.8% |
| Trade receivables | 40 | €15,637 | €12,547 | -€3,090 | -19.8% |
| Other amounts receivable | 41 | €15,713 | €2,556 | -€13,157 | -83.7% |
| Cash at bank and in hand | 54/58 | €169,501 | €309,743 | +€140,242 | +82.7% |
| Deferred charges and accrued income | 490/1 | €583 | - | -€583 | |
| Total equity and liabilities | 10/49 | €370,897 | €477,642 | +€106,745 | +28.8% |
| Equity | 10/15 | €289,070 | €393,043 | +€103,973 | +36.0% |
| Contributions | 10/11 | €14,275 | €14,275 | = | 0.0% |
| Reserves | 13 | €272,701 | €362,820 | +€90,118 | +33.0% |
| Distributable reserves | 133 | €272,701 | €362,820 | +€90,118 | +33.0% |
| Profit (loss) carried forward | 14 | €2,094 | €15,949 | +€13,855 | +662% |
| Amounts payable | 17/49 | €81,827 | €84,599 | +€2,772 | +3.4% |
| Amounts payable within one year | 42/48 | €81,827 | €84,599 | +€2,772 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | - | -€14,000 | |
| Trade debts | 44 | €27,224 | €28,068 | +€844 | +3.1% |
| Suppliers | 440/4 | €27,224 | €28,068 | +€844 | +3.1% |
| Taxes, remuneration and social security | 45 | €40,603 | €56,531 | +€15,928 | +39.2% |
| Taxes | 450/3 | €23,749 | €50,144 | +€26,395 | +111% |
| Remuneration and social security | 454/9 | €16,854 | €6,387 | -€10,467 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,388 | €21,266 | +€1,878 | +9.7% |
| Other operating charges | 640/8 | €2,568 | €3,448 | +€880 | +34.3% |
| Non-recurring operating charges | 66A | €78,161 | - | -€78,161 | |
| Gross operating margin | 9900 | €131,299 | €213,371 | +€82,073 | +62.5% |
| Operating profit (loss) | 9901 | €31,182 | €188,658 | +€157,476 | +505% |
| Financial income | 75/76B | €412 | €1,244 | +€833 | +202% |
| Recurring financial income | 75 | €412 | €1,244 | +€833 | +202% |
| Financial charges | 65/66B | €1,213 | €1,788 | +€575 | +47.3% |
| Recurring financial charges | 65 | €1,213 | €1,788 | +€575 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €30,380 | €188,114 | +€157,734 | +519% |
| Income taxes | 67/77 | €9,041 | €45,259 | +€36,218 | +401% |
| Profit (loss) for the period | 9904 | €21,339 | €142,855 | +€121,516 | +569% |
| Profit (loss) for the period to be appropriated | 9905 | €21,339 | €142,855 | +€121,516 | +569% |
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 21 October 2026 via checked.be.