DFE: 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.
DFE
Largest movements
- Cash -€23,150
down €23,150 (-39.3%), from €58,884 to €35,734
mainly Contributions, distributions and other (-€40,146) and Receivables within one year (-€7,902)
- Receivables within one year +€7,902
up €7,902 (+35.0%), from €22,545 to €30,447
of which Trade receivables: +€5,256
- Tangible fixed assets -€6,667
down €6,667 (-27.1%), from €24,564 to €17,897
of which Furniture and vehicles: -€8,546
- Reserves -€22,676
down €22,676 (-20.0%), from €113,340 to €90,663
- Other debts +€2,869
up €2,869, from €0 to €2,869
- Tax, wage and social debts -€2,410
down €2,410 (-39.7%), from €6,065 to €3,655
- Gross operating margin -€22,517
down €22,517 (-37.7%), from €59,789 to €37,272
- Taxes -€5,165
down €5,165 (-39.0%), from €13,260 to €8,095
- Depreciation +€1,419
up €1,419 (+15.1%), from €9,421 to €10,840
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.
Derived cash bridge
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 | €150,211 | €126,519 | -€23,691 | -15.8% |
| Fixed assets | 21/28 | €27,530 | €19,387 | -€8,143 | -29.6% |
| Intangible fixed assets | 21 | €2,947 | €1,472 | -€1,476 | -50.1% |
| Tangible fixed assets | 22/27 | €24,564 | €17,897 | -€6,667 | -27.1% |
| Land and buildings | 22 | €419 | €0 | -€419 | -100% |
| Plant, machinery and equipment | 23 | €388 | €2,686 | +€2,298 | +592% |
| Furniture and vehicles | 24 | €23,757 | €15,211 | -€8,546 | -36.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €122,681 | €107,132 | -€15,548 | -12.7% |
| Amounts receivable within one year | 40/41 | €22,545 | €30,447 | +€7,902 | +35.0% |
| Trade receivables | 40 | €22,263 | €27,519 | +€5,256 | +23.6% |
| Other amounts receivable | 41 | €282 | €2,928 | +€2,646 | +937% |
| Current investments | 50/53 | €30,380 | €30,380 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,884 | €35,734 | -€23,150 | -39.3% |
| Deferred charges and accrued income | 490/1 | €10,871 | €10,571 | -€301 | -2.8% |
| Total equity and liabilities | 10/49 | €150,211 | €126,519 | -€23,691 | -15.8% |
| Equity | 10/15 | €138,427 | €115,756 | -€22,671 | -16.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €113,340 | €90,663 | -€22,676 | -20.0% |
| Distributable reserves | 133 | €113,340 | €90,663 | -€22,676 | -20.0% |
| Profit (loss) carried forward | 14 | €87 | €92 | +€5 | +5.9% |
| Amounts payable | 17/49 | €11,783 | €10,764 | -€1,020 | -8.7% |
| Amounts payable within one year | 42/48 | €11,783 | €10,764 | -€1,020 | -8.7% |
| Trade debts | 44 | €5,718 | €4,240 | -€1,478 | -25.9% |
| Suppliers | 440/4 | €5,718 | €4,240 | -€1,478 | -25.9% |
| Taxes, remuneration and social security | 45 | €6,065 | €3,655 | -€2,410 | -39.7% |
| Taxes | 450/3 | €6,065 | €3,655 | -€2,410 | -39.7% |
| Other amounts payable | 47/48 | €0 | €2,869 | +€2,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,421 | €10,840 | +€1,419 | +15.1% |
| Other operating charges | 640/8 | €856 | €879 | +€23 | +2.7% |
| Non-recurring operating charges | 66A | €3,611 | €0 | -€3,611 | -100% |
| Gross operating margin | 9900 | €59,789 | €37,272 | -€22,517 | -37.7% |
| Operating profit (loss) | 9901 | €45,900 | €25,553 | -€20,347 | -44.3% |
| Financial income | 75/76B | €376 | €226 | -€150 | -40.0% |
| Recurring financial income | 75 | €376 | €226 | -€150 | -40.0% |
| Financial charges | 65/66B | €252 | €209 | -€43 | -17.1% |
| Recurring financial charges | 65 | €252 | €209 | -€43 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €46,025 | €25,570 | -€20,455 | -44.4% |
| Income taxes | 67/77 | €13,260 | €8,095 | -€5,165 | -39.0% |
| Profit (loss) for the period | 9904 | €32,765 | €17,475 | -€15,290 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,765 | €17,475 | -€15,290 | -46.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.