DF-LEX: 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-LEX
Largest movements
- Cash -€22,783
down €22,783 (-10.1%), from €226,620 to €203,836
mainly Other debts (-€36,964) and Tax, wage and social debts (-€29,480)
- Profit (loss) carried forward +€40,764
up €40,764 (+27.4%), from €149,040 to €189,804
- Other debts -€36,964
down €36,964 (-66.6%), from €55,498 to €18,534
- Tax, wage and social debts -€29,480
down €29,480 (-64.9%), from €45,413 to €15,933
of which Taxes: -€26,495
- Debts after one year -€10,540
down €10,540 (-3.6%), from €295,114 to €284,574
- Trade debts +€7,843
up €7,843 (+483.7%), from €1,621 to €9,465
- Gross operating margin -€107,376
down €107,376 (-44.6%), from €240,534 to €133,158
- Taxes -€25,830
down €25,830 (-70.1%), from €36,842 to €11,012
- Other operating charges +€12,437
up €12,437 (+1739.4%), from €715 to €13,152
- Staff costs +€11,123
up €11,123 (+37.1%), from €30,006 to €41,129
- Depreciation +€5,293
up €5,293 (+60.3%), from €8,782 to €14,075
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 | €568,779 | €542,415 | -€26,364 | -4.6% |
| Fixed assets | 21/28 | €302,458 | €302,095 | -€364 | -0.1% |
| Tangible fixed assets | 22/27 | €302,458 | €302,095 | -€364 | -0.1% |
| Land and buildings | 22 | €255,401 | €248,947 | -€6,454 | -2.5% |
| Plant, machinery and equipment | 23 | €41,660 | €43,516 | +€1,856 | +4.5% |
| Furniture and vehicles | 24 | €5,398 | €8,041 | +€2,643 | +49.0% |
| Other tangible fixed assets | 26 | - | €1,591 | +€1,591 | |
| Current assets | 29/58 | €266,321 | €240,320 | -€26,001 | -9.8% |
| Amounts receivable within one year | 40/41 | €39,701 | €36,178 | -€3,523 | -8.9% |
| Trade receivables | 40 | €35,994 | €35,379 | -€615 | -1.7% |
| Other amounts receivable | 41 | €3,707 | €799 | -€2,908 | -78.5% |
| Cash at bank and in hand | 54/58 | €226,620 | €203,836 | -€22,783 | -10.1% |
| Deferred charges and accrued income | 490/1 | - | €306 | +€306 | |
| Total equity and liabilities | 10/49 | €568,779 | €542,415 | -€26,364 | -4.6% |
| Equity | 10/15 | €159,040 | €199,804 | +€40,764 | +25.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,040 | €189,804 | +€40,764 | +27.4% |
| Amounts payable | 17/49 | €409,739 | €342,611 | -€67,128 | -16.4% |
| Amounts payable after more than one year | 17 | €295,114 | €284,574 | -€10,540 | -3.6% |
| Financial debts | 170/4 | €295,114 | €284,574 | -€10,540 | -3.6% |
| Amounts payable within one year | 42/48 | €113,391 | €55,328 | -€58,063 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €10,859 | €11,396 | +€537 | +4.9% |
| Trade debts | 44 | €1,621 | €9,465 | +€7,843 | +483.7% |
| Suppliers | 440/4 | €1,621 | €9,465 | +€7,843 | +483.7% |
| Taxes, remuneration and social security | 45 | €45,413 | €15,933 | -€29,480 | -64.9% |
| Taxes | 450/3 | €37,056 | €10,561 | -€26,495 | -71.5% |
| Remuneration and social security | 454/9 | €8,357 | €5,372 | -€2,985 | -35.7% |
| Other amounts payable | 47/48 | €55,498 | €18,534 | -€36,964 | -66.6% |
| Accrued charges and deferred income | 492/3 | €1,234 | €2,710 | +€1,476 | +119.6% |
| Remuneration, social security and pensions | 62 | €30,006 | €41,129 | +€11,123 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,782 | €14,075 | +€5,293 | +60.3% |
| Other operating charges | 640/8 | €715 | €13,152 | +€12,437 | +1739.4% |
| Gross operating margin | 9900 | €240,534 | €133,158 | -€107,376 | -44.6% |
| Operating profit (loss) | 9901 | €201,031 | €64,802 | -€136,229 | -67.8% |
| Financial income | 75/76B | €496 | €1,569 | +€1,072 | +216.1% |
| Recurring financial income | 75 | €496 | €1,569 | +€1,072 | +216.1% |
| Financial charges | 65/66B | €15,645 | €14,595 | -€1,050 | -6.7% |
| Recurring financial charges | 65 | €15,645 | €14,595 | -€1,050 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €185,882 | €51,776 | -€134,107 | -72.1% |
| Income taxes | 67/77 | €36,842 | €11,012 | -€25,830 | -70.1% |
| Profit (loss) for the period | 9904 | €149,040 | €40,764 | -€108,276 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €149,040 | €40,764 | -€108,276 | -72.6% |
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.