DFCL: 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.
DFCL
Largest movements
- Receivables within one year +€81,378
up €81,378 (+127.7%), from €63,708 to €145,085
of which Other amounts receivable: +€76,358
- Tangible fixed assets -€57,875
down €57,875 (-7.5%), from €776,013 to €718,138
- Cash -€28,634
down €28,634 (-91.0%), from €31,455 to €2,821
mainly Receivables within one year (-€81,378) and Trade debts (-€12,982)
- Trade debts -€12,982
down €12,982 (-81.0%), from €16,024 to €3,042
- Depreciation +€18,163
up €18,163 (+38.2%), from €47,499 to €65,661
- Gross operating margin +€10,936
up €10,936 (+11.3%), from €96,968 to €107,905
- Staff costs -€8,030
down €8,030 (-33.5%), from €23,969 to €15,939
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 | €882,511 | €870,842 | -€11,669 | -1.3% |
| Fixed assets | 21/28 | €776,013 | €719,428 | -€56,585 | -7.3% |
| Tangible fixed assets | 22/27 | €776,013 | €718,138 | -€57,875 | -7.5% |
| Land and buildings | 22 | €776,013 | €718,138 | -€57,875 | -7.5% |
| Financial fixed assets | 28 | - | €1,290 | +€1,290 | |
| Current assets | 29/58 | €106,497 | €151,414 | +€44,916 | +42.2% |
| Amounts receivable within one year | 40/41 | €63,708 | €145,085 | +€81,378 | +127.7% |
| Trade receivables | 40 | €4,500 | €9,520 | +€5,020 | +111.5% |
| Other amounts receivable | 41 | €59,208 | €135,566 | +€76,358 | +129.0% |
| Cash at bank and in hand | 54/58 | €31,455 | €2,821 | -€28,634 | -91.0% |
| Deferred charges and accrued income | 490/1 | €11,335 | €3,508 | -€7,828 | -69.1% |
| Total equity and liabilities | 10/49 | €882,511 | €870,842 | -€11,669 | -1.3% |
| Equity | 10/15 | -€44,740 | -€44,595 | +€144 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,340 | -€63,195 | +€144 | +0.2% |
| Amounts payable | 17/49 | €927,251 | €915,438 | -€11,813 | -1.3% |
| Amounts payable after more than one year | 17 | €867,243 | €872,746 | +€5,502 | +0.6% |
| Financial debts | 170/4 | €867,243 | €872,746 | +€5,502 | +0.6% |
| Amounts payable within one year | 42/48 | €56,383 | €38,807 | -€17,577 | -31.2% |
| Financial debts | 43 | €34,670 | €35,394 | +€724 | +2.1% |
| Credit institutions | 430/8 | €34,670 | €35,394 | +€724 | +2.1% |
| Trade debts | 44 | €16,024 | €3,042 | -€12,982 | -81.0% |
| Suppliers | 440/4 | €16,024 | €3,042 | -€12,982 | -81.0% |
| Taxes, remuneration and social security | 45 | €5,690 | €371 | -€5,319 | -93.5% |
| Taxes | 450/3 | €3,184 | €371 | -€2,813 | -88.4% |
| Remuneration and social security | 454/9 | €2,506 | - | -€2,506 | |
| Accrued charges and deferred income | 492/3 | €3,624 | €3,885 | +€261 | +7.2% |
| Remuneration, social security and pensions | 62 | €23,969 | €15,939 | -€8,030 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,499 | €65,661 | +€18,163 | +38.2% |
| Other operating charges | 640/8 | €6,895 | €7,676 | +€781 | +11.3% |
| Non-recurring operating charges | 66A | €11,160 | - | -€11,160 | |
| Gross operating margin | 9900 | €96,968 | €107,905 | +€10,936 | +11.3% |
| Operating profit (loss) | 9901 | €7,446 | €18,628 | +€11,183 | +150.2% |
| Financial income | 75/76B | €4,598 | €4,218 | -€380 | -8.3% |
| Recurring financial income | 75 | €4,598 | €4,218 | -€380 | -8.3% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €18,186 | €18,716 | +€530 | +2.9% |
| Recurring financial charges | 65 | €18,186 | €18,716 | +€530 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,143 | €4,130 | +€10,273 | |
| Income taxes | 67/77 | €2,911 | €3,985 | +€1,075 | +36.9% |
| Profit (loss) for the period | 9904 | -€9,054 | €144 | +€9,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,054 | €144 | +€9,198 |
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 28 September 2026 via checked.be.