DF II LP: 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 II LP
Largest movements
- Financial fixed assets +€4.3m
up €4.3m (+8.2%), from €52.1m to €56.4m
- Receivables within one year +€2.5m
new in 2025: €2.5m
- Contributions +€10.0m
up €10.0m (+12.7%), from €79.1m to €89.1m
of which Capital: +€9.9m
- Profit (loss) carried forward -€3.3m
down €3.3m (-12.4%), from -€27.0m to -€30.3m
- Other operating charges +€1.3m
up €1.3m (+8175.7%), from €16,120 to €1.3m
- Financial charges -€1.3m
down €1.3m (-92.4%), from €1.4m to €104,391
of which Non-recurring financial charges: -€1.1m
- Gross operating margin +€526,627
up €526,627 (+20.4%), from -€2.6m to -€2.1m
- Financial income +€75,255
up €75,255 (+95.0%), from €79,240 to €154,495
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 | €52,242,108 | €58,922,737 | +€6.7m | +12.8% |
| Fixed assets | 21/28 | €52,091,647 | €56,379,310 | +€4.3m | +8.2% |
| Financial fixed assets | 28 | €52,091,647 | €56,379,310 | +€4.3m | +8.2% |
| Current assets | 29/58 | €150,461 | €2,543,427 | +€2.4m | +1590.4% |
| Amounts receivable within one year | 40/41 | - | €2,491,960 | +€2.5m | |
| Other amounts receivable | 41 | - | €2,491,960 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €96,788 | €51,467 | -€45,321 | -46.8% |
| Deferred charges and accrued income | 490/1 | €53,673 | - | -€53,673 | |
| Total equity and liabilities | 10/49 | €52,242,108 | €58,922,737 | +€6.7m | +12.8% |
| Equity | 10/15 | €52,115,916 | €58,797,892 | +€6.7m | +12.8% |
| Contributions | 10/11 | €79,066,580 | €89,083,493 | +€10.0m | +12.7% |
| Capital | 10 | €79,066,580 | €89,016,233 | +€9.9m | +12.6% |
| Issued capital | 100 | €98,569,246 | €103,255,776 | +€4.7m | +4.8% |
| Uncalled capital | 101 | €19,502,666 | €14,239,543 | -€5.3m | -27.0% |
| Contributions outside capital | 11 | - | €67,260 | +€67,260 | |
| Share premium | 1100/10 | - | €67,260 | +€67,260 | |
| Profit (loss) carried forward | 14 | -€26,950,664 | -€30,285,601 | -€3.3m | -12.4% |
| Amounts payable | 17/49 | €126,192 | €124,845 | -€1,347 | -1.1% |
| Amounts payable within one year | 42/48 | €126,192 | €124,845 | -€1,347 | -1.1% |
| Financial debts | 43 | €87,009 | €87,662 | +€653 | +0.8% |
| Credit institutions | 430/8 | €87,009 | €87,662 | +€653 | +0.8% |
| Trade debts | 44 | €38,289 | €34,607 | -€3,681 | -9.6% |
| Suppliers | 440/4 | €38,289 | €34,607 | -€3,681 | -9.6% |
| Taxes, remuneration and social security | 45 | €882 | €2,552 | +€1,669 | +189.2% |
| Taxes | 450/3 | €882 | €2,552 | +€1,669 | +189.2% |
| Other amounts payable | 47/48 | €12 | €24 | +€12 | +100.1% |
| Other operating charges | 640/8 | €16,120 | €1,334,057 | +€1.3m | +8175.7% |
| Gross operating margin | 9900 | -€2,577,611 | -€2,050,985 | +€526,627 | +20.4% |
| Operating profit (loss) | 9901 | -€2,593,731 | -€3,385,041 | -€791,310 | -30.5% |
| Financial income | 75/76B | €79,240 | €154,495 | +€75,255 | +95.0% |
| Recurring financial income | 75 | €79,240 | €154,495 | +€75,255 | +95.0% |
| Financial charges | 65/66B | €1,377,426 | €104,391 | -€1.3m | -92.4% |
| Recurring financial charges | 65 | €323,991 | €104,392 | -€219,599 | -67.8% |
| Non-recurring financial charges | 66B | €1,053,435 | -€1 | -€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€3,891,918 | -€3,334,938 | +€556,980 | +14.3% |
| Profit (loss) for the period | 9904 | -€3,891,918 | -€3,334,938 | +€556,980 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,891,918 | -€3,334,938 | +€556,980 | +14.3% |
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 11 October 2026 via checked.be.