DF BELGIUM: 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.
DF BELGIUM
Largest movements
- Receivables within one year +€298,000
new in 2025: €298,000
- Cash +€239,824
up €239,824 (+50,720%), from €473 to €240,296
mainly Other debts (+€294,228) and Net result for the year (+€242,304)
- Other debts +€294,228
up €294,228 (+259%), from €113,769 to €407,997
- Profit (loss) carried forward +€233,921
up €233,921 (+18.2%), from €1.3m to €1.5m
- Financial income +€249,700
up €249,700 (+83,233%), from €300 to €250,000
of which Financial income: +€249,700
- Gross operating margin -€1,053
down €1,053 (-21.3%), from -€4,946 to -€5,999
- Other operating charges +€433
up €433 (+41.9%), from €1,033 to €1,466
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 | €5,472,770 | €6,010,452 | +€537,683 | +9.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €5,472,297 | €5,472,156 | -€141 | 0.0% |
| Tangible fixed assets | 22/27 | €529 | €388 | -€141 | -26.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €529 | €388 | -€141 | -26.7% |
| Financial fixed assets | 28 | €5,471,768 | €5,471,768 | = | 0.0% |
| Current assets | 29/58 | €473 | €538,296 | +€537,824 | +113,743% |
| Amounts receivable within one year | 40/41 | - | €298,000 | +€298,000 | |
| Other amounts receivable | 41 | - | €298,000 | +€298,000 | |
| Cash at bank and in hand | 54/58 | €473 | €240,296 | +€239,824 | +50,720% |
| Total equity and liabilities | 10/49 | €5,472,770 | €6,010,452 | +€537,683 | +9.8% |
| Equity | 10/15 | €5,357,685 | €5,599,989 | +€242,304 | +4.5% |
| Contributions | 10/11 | €3,708,600 | €3,708,600 | = | 0.0% |
| Reserves | 13 | €362,477 | €370,860 | +€8,383 | +2.3% |
| Non-distributable reserves | 130/1 | €362,477 | €370,860 | +€8,383 | +2.3% |
| Reserves not available under the articles | 1311 | €362,477 | €370,860 | +€8,383 | +2.3% |
| Profit (loss) carried forward | 14 | €1,286,607 | €1,520,529 | +€233,921 | +18.2% |
| Amounts payable | 17/49 | €115,085 | €410,464 | +€295,379 | +257% |
| Amounts payable within one year | 42/48 | €115,085 | €410,464 | +€295,379 | +257% |
| Trade debts | 44 | €1,316 | €2,466 | +€1,151 | +87.5% |
| Suppliers | 440/4 | €1,316 | €2,466 | +€1,151 | +87.5% |
| Other amounts payable | 47/48 | €113,769 | €407,997 | +€294,228 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €141 | = | 0.0% |
| Other operating charges | 640/8 | €1,033 | €1,466 | +€433 | +41.9% |
| Gross operating margin | 9900 | -€4,946 | -€5,999 | -€1,053 | -21.3% |
| Operating profit (loss) | 9901 | -€6,120 | -€7,606 | -€1,486 | -24.3% |
| Financial income | 75/76B | €300 | €250,000 | +€249,700 | +83,233% |
| Recurring financial income | 75 | €300 | €250,000 | +€249,700 | +83,233% |
| Non-recurring financial income | 76B | €300 | - | -€300 | |
| Financial charges | 65/66B | €94 | €90 | -€4 | -3.7% |
| Recurring financial charges | 65 | €94 | €90 | -€4 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,914 | €242,304 | +€248,218 | |
| Income taxes | 67/77 | -€57 | - | +€57 | |
| Profit (loss) for the period | 9904 | -€5,857 | €242,304 | +€248,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,857 | €242,304 | +€248,161 |
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 17 October 2026 via checked.be.