DF CONCEPTION: 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 CONCEPTION
Largest movements
- Cash +€20,325
up €20,325 (+108%), from €18,832 to €39,157
mainly Net result for the year (+€27,739) and Depreciation (+€7,332)
- Receivables within one year +€14,351
up €14,351 (+64.7%), from €22,187 to €36,537
of which Trade receivables: +€14,722
- Tangible fixed assets -€7,332
down €7,332 (-41.9%), from €17,480 to €10,148
of which Plant, machinery and equipment: -€5,046
- Deferred charges and accrued income -€1,645
no longer reported in 2024 (was €1,645)
- Reserves +€27,739
up €27,739, from €0 to €27,739
- Other debts -€2,486
down €2,486 (-14.3%), from €17,415 to €14,929
- Tax, wage and social debts +€1,240
up €1,240 (+11.3%), from €11,014 to €12,254
- Turnover +€237,698
up €237,698 (+88.4%), from €268,856 to €506,553
- Gross operating margin +€34,716
up €34,716 (+244%), from €14,233 to €48,949
- Taxes +€10,341
up €10,341 (+578%), from €1,789 to €12,130
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.
Derived cash bridge
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 | €61,770 | €87,469 | +€25,699 | +41.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €19,107 | €11,775 | -€7,332 | -38.4% |
| Tangible fixed assets | 22/27 | €17,480 | €10,148 | -€7,332 | -41.9% |
| Plant, machinery and equipment | 23 | €14,329 | €9,282 | -€5,046 | -35.2% |
| Furniture and vehicles | 24 | €3,151 | €865 | -€2,285 | -72.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,627 | €1,627 | = | 0.0% |
| Current assets | 29/58 | €42,664 | €75,694 | +€33,031 | +77.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,187 | €36,537 | +€14,351 | +64.7% |
| Trade receivables | 40 | €11,210 | €25,932 | +€14,722 | +131% |
| Other amounts receivable | 41 | €10,976 | €10,605 | -€371 | -3.4% |
| Cash at bank and in hand | 54/58 | €18,832 | €39,157 | +€20,325 | +108% |
| Deferred charges and accrued income | 490/1 | €1,645 | - | -€1,645 | |
| Total equity and liabilities | 10/49 | €61,770 | €87,469 | +€25,699 | +41.6% |
| Equity | 10/15 | €32,548 | €60,286 | +€27,739 | +85.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €0 | €27,739 | +€27,739 | |
| Distributable reserves | 133 | - | €27,739 | +€27,739 | |
| Profit (loss) carried forward | 14 | €26,548 | €26,548 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Amounts payable | 17/49 | €29,223 | €27,183 | -€2,040 | -7.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,223 | €27,183 | -€2,040 | -7.0% |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €793 | - | -€793 | |
| Suppliers | 440/4 | €793 | - | -€793 | |
| Taxes, remuneration and social security | 45 | €11,014 | €12,254 | +€1,240 | +11.3% |
| Taxes | 450/3 | €11,014 | €12,254 | +€1,240 | +11.3% |
| Other amounts payable | 47/48 | €17,415 | €14,929 | -€2,486 | -14.3% |
| Turnover | 70 | €268,856 | €506,553 | +€237,698 | +88.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,332 | €7,332 | = | 0.0% |
| Other operating charges | 640/8 | €428 | €726 | +€298 | +69.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,233 | €48,949 | +€34,716 | +244% |
| Operating profit (loss) | 9901 | €6,473 | €40,891 | +€34,418 | +532% |
| Financial income | 75/76B | €0 | €144 | +€144 | +1,443,400% |
| Recurring financial income | 75 | €0 | €144 | +€144 | +1,443,400% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,609 | €1,167 | -€442 | -27.5% |
| Recurring financial charges | 65 | €1,609 | €1,167 | -€442 | -27.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €4,864 | €39,868 | +€35,004 | +720% |
| Income taxes | 67/77 | €1,789 | €12,130 | +€10,341 | +578% |
| Profit (loss) for the period | 9904 | €3,075 | €27,739 | +€24,663 | +802% |
| Profit (loss) for the period to be appropriated | 9905 | €3,075 | €27,739 | +€24,663 | +802% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.