DF FINANCES: what changed
Two fiscal 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 FINANCES
Largest movements
- Financial fixed assets +€347,787
up €347,787 (+7245.6%), from €4,800 to €352,587
- Cash +€51,043
up €51,043 (+41.3%), from €123,713 to €174,756
mainly Debts after one year (+€243,642) and Net result for the year (+€112,290)
- Tangible fixed assets +€28,007
up €28,007 (+104.9%), from €26,706 to €54,713
- Debts after one year +€243,642
up €243,642 (+1045.7%), from €23,300 to €266,943
- Profit (loss) carried forward +€112,290
up €112,290 (+108.1%), from €103,909 to €216,199
- Current portion of long-term debt +€44,126
up €44,126 (+585.3%), from €7,539 to €51,665
- Tax, wage and social debts +€23,465
up €23,465 (+81.9%), from €28,635 to €52,100
- Gross operating margin +€112,545
up €112,545 (+179.5%), from €62,706 to €175,251
- Taxes +€27,420
up €27,420 (+222.2%), from €12,340 to €39,760
- Financial charges +€9,711
up €9,711 (+867.3%), from €1,120 to €10,830
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 | €165,489 | €593,823 | +€428,334 | +258.8% |
| Fixed assets | 21/28 | €31,506 | €407,300 | +€375,794 | +1192.8% |
| Tangible fixed assets | 22/27 | €26,706 | €54,713 | +€28,007 | +104.9% |
| Furniture and vehicles | 24 | €26,706 | €54,713 | +€28,007 | +104.9% |
| Financial fixed assets | 28 | €4,800 | €352,587 | +€347,787 | +7245.6% |
| Current assets | 29/58 | €133,983 | €186,523 | +€52,540 | +39.2% |
| Amounts receivable within one year | 40/41 | €9,000 | €11,000 | +€2,000 | +22.2% |
| Trade receivables | 40 | €9,000 | €11,000 | +€2,000 | +22.2% |
| Cash at bank and in hand | 54/58 | €123,713 | €174,756 | +€51,043 | +41.3% |
| Deferred charges and accrued income | 490/1 | €1,270 | €767 | -€503 | -39.6% |
| Total equity and liabilities | 10/49 | €165,489 | €593,823 | +€428,334 | +258.8% |
| Equity | 10/15 | €105,909 | €218,199 | +€112,290 | +106.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,909 | €216,199 | +€112,290 | +108.1% |
| Amounts payable | 17/49 | €59,579 | €375,624 | +€316,044 | +530.5% |
| Amounts payable after more than one year | 17 | €23,300 | €266,943 | +€243,642 | +1045.7% |
| Financial debts | 170/4 | €23,300 | €266,943 | +€243,642 | +1045.7% |
| Amounts payable within one year | 42/48 | €36,279 | €108,681 | +€72,402 | +199.6% |
| Current portion of amounts payable after more than one year | 42 | €7,539 | €51,665 | +€44,126 | +585.3% |
| Taxes, remuneration and social security | 45 | €28,635 | €52,100 | +€23,465 | +81.9% |
| Taxes | 450/3 | €28,635 | €52,100 | +€23,465 | +81.9% |
| Other amounts payable | 47/48 | €105 | €4,915 | +€4,811 | +4600.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,681 | €7,281 | -€401 | -5.2% |
| Other operating charges | 640/8 | - | €954 | +€954 | |
| Non-recurring operating charges | 66A | - | €4,136 | +€4,136 | |
| Gross operating margin | 9900 | €62,706 | €175,251 | +€112,545 | +179.5% |
| Operating profit (loss) | 9901 | €55,024 | €162,880 | +€107,856 | +196.0% |
| Financial charges | 65/66B | €1,120 | €10,830 | +€9,711 | +867.3% |
| Recurring financial charges | 65 | €1,120 | €10,830 | +€9,711 | +867.3% |
| Profit (loss) for the period before taxes | 9903 | €53,905 | €152,050 | +€98,145 | +182.1% |
| Income taxes | 67/77 | €12,340 | €39,760 | +€27,420 | +222.2% |
| Profit (loss) for the period | 9904 | €41,565 | €112,290 | +€70,725 | +170.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,565 | €112,290 | +€70,725 | +170.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.