DF COATINGS: 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 COATINGS
Largest movements
- Tangible fixed assets +€105,176
up €105,176 (+1,524%), from €6,901 to €112,076
of which Leasing and similar rights: +€104,782
- Receivables within one year -€69,900
down €69,900 (-50.0%), from €139,932 to €70,032
of which Trade receivables: -€81,543
- Cash -€52,828
down €52,828 (-62.3%), from €84,822 to €31,994
mainly Trade debts (-€188,464) and Investment in fixed assets (net) (-€111,017)
- Stocks and contracts -€11,297
down €11,297 (-7.5%), from €151,210 to €139,913
- Deferred charges and accrued income +€7,395
up €7,395 (+171%), from €4,330 to €11,726
- Trade debts -€188,464
down €188,464 (-70.9%), from €265,935 to €77,472
- Debts after one year +€66,928
new in 2025: €66,928
- Profit (loss) carried forward +€59,773
up €59,773 (+7,738%), from €772 to €60,545
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts +€38,920
new in 2025: €38,920
of which Taxes: +€32,432
- Gross operating margin +€62,032
up €62,032 (+88.3%), from €70,263 to €132,296
- Staff costs +€27,258
new in 2025: €27,258
- Financial charges +€18,781
up €18,781 (+1,699%), from €1,105 to €19,886
- Depreciation +€5,059
up €5,059 (+187%), from €2,706 to €7,765
- Taxes -€4,364
down €4,364 (-20.4%), from €21,359 to €16,995
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 | €394,001 | €370,624 | -€23,377 | -5.9% |
| Fixed assets | 21/28 | €13,707 | €116,959 | +€103,252 | +753% |
| Intangible fixed assets | 21 | €6,806 | €4,883 | -€1,923 | -28.3% |
| Tangible fixed assets | 22/27 | €6,901 | €112,076 | +€105,176 | +1,524% |
| Plant, machinery and equipment | 23 | €2,468 | €3,905 | +€1,437 | +58.2% |
| Furniture and vehicles | 24 | €4,433 | €3,390 | -€1,043 | -23.5% |
| Leasing and similar rights | 25 | - | €104,782 | +€104,782 | |
| Current assets | 29/58 | €380,294 | €253,665 | -€126,629 | -33.3% |
| Stocks and contracts in progress | 3 | €151,210 | €139,913 | -€11,297 | -7.5% |
| Stocks | 30/36 | €151,210 | €139,913 | -€11,297 | -7.5% |
| Amounts receivable within one year | 40/41 | €139,932 | €70,032 | -€69,900 | -50.0% |
| Trade receivables | 40 | €97,030 | €15,487 | -€81,543 | -84.0% |
| Other amounts receivable | 41 | €42,901 | €54,545 | +€11,644 | +27.1% |
| Cash at bank and in hand | 54/58 | €84,822 | €31,994 | -€52,828 | -62.3% |
| Deferred charges and accrued income | 490/1 | €4,330 | €11,726 | +€7,395 | +171% |
| Total equity and liabilities | 10/49 | €394,001 | €370,624 | -€23,377 | -5.9% |
| Equity | 10/15 | €53,772 | €113,545 | +€59,773 | +111% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,500 | €50,500 | = | 0.0% |
| Distributable reserves | 133 | €50,500 | €50,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €772 | €60,545 | +€59,773 | +7,738% |
| Amounts payable | 17/49 | €340,229 | €257,079 | -€83,149 | -24.4% |
| Amounts payable after more than one year | 17 | - | €66,928 | +€66,928 | |
| Financial debts | 170/4 | - | €66,928 | +€66,928 | |
| Amounts payable within one year | 42/48 | €316,229 | €151,844 | -€164,385 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | - | €17,613 | +€17,613 | |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €265,935 | €77,472 | -€188,464 | -70.9% |
| Suppliers | 440/4 | €265,935 | €77,472 | -€188,464 | -70.9% |
| Taxes, remuneration and social security | 45 | - | €38,920 | +€38,920 | |
| Taxes | 450/3 | - | €32,432 | +€32,432 | |
| Remuneration and social security | 454/9 | - | €6,488 | +€6,488 | |
| Other amounts payable | 47/48 | €293 | €17,839 | +€17,546 | +5,981% |
| Accrued charges and deferred income | 492/3 | €24,000 | €38,307 | +€14,307 | +59.6% |
| Remuneration, social security and pensions | 62 | - | €27,258 | +€27,258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,706 | €7,765 | +€5,059 | +187% |
| Other operating charges | 640/8 | €578 | €883 | +€305 | +52.8% |
| Gross operating margin | 9900 | €70,263 | €132,296 | +€62,032 | +88.3% |
| Operating profit (loss) | 9901 | €66,980 | €96,390 | +€29,410 | +43.9% |
| Financial income | 75/76B | €3 | €263 | +€260 | +7,574% |
| Recurring financial income | 75 | €3 | €263 | +€260 | +7,574% |
| Financial charges | 65/66B | €1,105 | €19,886 | +€18,781 | +1,699% |
| Recurring financial charges | 65 | €1,105 | €19,886 | +€18,781 | +1,699% |
| Profit (loss) for the period before taxes | 9903 | €65,878 | €76,767 | +€10,889 | +16.5% |
| Income taxes | 67/77 | €21,359 | €16,995 | -€4,364 | -20.4% |
| Profit (loss) for the period | 9904 | €44,519 | €59,773 | +€15,253 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,519 | €59,773 | +€15,253 | +34.3% |
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.