DFG: 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.
DFG
Largest movements
- Tangible fixed assets -€9,902
down €9,902 (-3.2%), from €312,788 to €302,886
of which Land and buildings: -€10,337
- Cash +€7,416
up €7,416 (+40.0%), from €18,531 to €25,946
mainly Net result for the year (+€20,371) and Depreciation (+€16,983)
- Debts after one year -€26,375
down €26,375 (-6.4%), from €410,219 to €383,844
of which Financial debts: -€25,687
- Profit (loss) carried forward +€20,371
up €20,371 (+15.2%), from -€134,246 to -€113,875
- Gross operating margin -€18,830
down €18,830 (-27.4%), from €68,812 to €49,983
- Financial charges -€1,235
down €1,235 (-14.5%), from €8,520 to €7,284
- Depreciation -€1,208
down €1,208 (-6.6%), from €18,191 to €16,983
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,990 | €331,781 | -€1,210 | -0.4% |
| Fixed assets | 21/28 | €312,788 | €302,886 | -€9,902 | -3.2% |
| Tangible fixed assets | 22/27 | €312,788 | €302,886 | -€9,902 | -3.2% |
| Land and buildings | 22 | €281,039 | €270,702 | -€10,337 | -3.7% |
| Plant, machinery and equipment | 23 | €26,730 | €28,412 | +€1,683 | +6.3% |
| Furniture and vehicles | 24 | €5,019 | €3,772 | -€1,247 | -24.8% |
| Current assets | 29/58 | €20,202 | €28,895 | +€8,692 | +43.0% |
| Amounts receivable within one year | 40/41 | €761 | €2,635 | +€1,874 | +246.1% |
| Trade receivables | 40 | €445 | €1,621 | +€1,176 | +264.4% |
| Other amounts receivable | 41 | €316 | €1,014 | +€697 | +220.5% |
| Cash at bank and in hand | 54/58 | €18,531 | €25,946 | +€7,416 | +40.0% |
| Deferred charges and accrued income | 490/1 | €910 | €313 | -€597 | -65.6% |
| Total equity and liabilities | 10/49 | €332,990 | €331,781 | -€1,210 | -0.4% |
| Equity | 10/15 | -€113,246 | -€92,875 | +€20,371 | +18.0% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,246 | -€113,875 | +€20,371 | +15.2% |
| Amounts payable | 17/49 | €446,236 | €424,656 | -€21,580 | -4.8% |
| Amounts payable after more than one year | 17 | €410,219 | €383,844 | -€26,375 | -6.4% |
| Financial debts | 170/4 | €119,400 | €93,713 | -€25,687 | -21.5% |
| Other amounts payable | 178/9 | €290,819 | €290,131 | -€688 | -0.2% |
| Amounts payable within one year | 42/48 | €36,017 | €40,812 | +€4,795 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €24,340 | €25,687 | +€1,347 | +5.5% |
| Trade debts | 44 | €11,510 | €14,638 | +€3,129 | +27.2% |
| Suppliers | 440/4 | €11,510 | €14,638 | +€3,129 | +27.2% |
| Advances received on contracts in progress | 46 | - | €145 | +€145 | |
| Taxes, remuneration and social security | 45 | €167 | €341 | +€174 | +104.4% |
| Taxes | 450/3 | €167 | €341 | +€174 | +104.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,191 | €16,983 | -€1,208 | -6.6% |
| Other operating charges | 640/8 | €4,936 | €5,170 | +€234 | +4.7% |
| Gross operating margin | 9900 | €68,812 | €49,983 | -€18,830 | -27.4% |
| Operating profit (loss) | 9901 | €45,686 | €27,830 | -€17,856 | -39.1% |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.9% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.9% |
| Financial charges | 65/66B | €8,520 | €7,284 | -€1,235 | -14.5% |
| Recurring financial charges | 65 | €8,520 | €7,284 | -€1,235 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €37,189 | €20,545 | -€16,644 | -44.8% |
| Income taxes | 67/77 | €541 | €174 | -€366 | -67.7% |
| Profit (loss) for the period | 9904 | €36,649 | €20,371 | -€16,278 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,649 | €20,371 | -€16,278 | -44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.