DFG Trans: 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 Trans
Largest movements
- Receivables within one year -€50,328
down €50,328 (-45.8%), from €109,902 to €59,575
of which Trade receivables: -€51,927
- Tangible fixed assets -€38,655
down €38,655 (-22.2%), from €173,853 to €135,198
of which Leasing and similar rights: -€19,870
- Cash +€13,875
up €13,875 (+9.5%), from €145,577 to €159,452
mainly Receivables within one year (+€50,328) and Depreciation (+€41,735)
- Debts after one year -€39,854
down €39,854 (-35.8%), from €111,249 to €71,395
- Reserves +€33,932
up €33,932 (+19.9%), from €170,329 to €204,261
of which Distributable reserves: +€33,932
- Trade debts -€29,453
down €29,453 (-71.8%), from €41,026 to €11,573
- Other debts -€20,658
down €20,658 (-42.3%), from €48,786 to €28,129
- Short-term financial debts -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Gross operating margin -€31,533
down €31,533 (-17.4%), from €181,697 to €150,164
- Staff costs -€27,900
down €27,900 (-34.8%), from €80,196 to €52,296
- Depreciation +€17,400
up €17,400 (+71.5%), from €24,334 to €41,735
- Taxes -€8,225
down €8,225 (-34.8%), from €23,625 to €15,400
- Financial charges +€2,120
up €2,120 (+46.9%), from €4,522 to €6,642
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 | €473,226 | €398,531 | -€74,695 | -15.8% |
| Fixed assets | 21/28 | €176,139 | €138,008 | -€38,131 | -21.6% |
| Intangible fixed assets | 21 | €1,976 | €0 | -€1,976 | -100.0% |
| Tangible fixed assets | 22/27 | €173,853 | €135,198 | -€38,655 | -22.2% |
| Plant, machinery and equipment | 23 | €211 | €862 | +€650 | +307.6% |
| Furniture and vehicles | 24 | €84,212 | €64,776 | -€19,435 | -23.1% |
| Leasing and similar rights | 25 | €89,430 | €69,560 | -€19,870 | -22.2% |
| Financial fixed assets | 28 | €310 | €2,810 | +€2,500 | +806.5% |
| Current assets | 29/58 | €297,087 | €260,523 | -€36,564 | -12.3% |
| Stocks and contracts in progress | 3 | €5,805 | €5,544 | -€261 | -4.5% |
| Stocks | 30/36 | €5,805 | €5,544 | -€261 | -4.5% |
| Amounts receivable within one year | 40/41 | €109,902 | €59,575 | -€50,328 | -45.8% |
| Trade receivables | 40 | €91,227 | €39,301 | -€51,927 | -56.9% |
| Other amounts receivable | 41 | €18,675 | €20,274 | +€1,599 | +8.6% |
| Current investments | 50/53 | €26,780 | €26,706 | -€73 | -0.3% |
| Cash at bank and in hand | 54/58 | €145,577 | €159,452 | +€13,875 | +9.5% |
| Deferred charges and accrued income | 490/1 | €9,023 | €9,246 | +€223 | +2.5% |
| Total equity and liabilities | 10/49 | €473,226 | €398,531 | -€74,695 | -15.8% |
| Equity | 10/15 | €190,496 | €224,428 | +€33,932 | +17.8% |
| Contributions | 10/11 | €20,119 | €20,119 | = | 0.0% |
| Reserves | 13 | €170,329 | €204,261 | +€33,932 | +19.9% |
| Non-distributable reserves | 130/1 | €2,012 | €2,012 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,012 | €2,012 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,895 | €29,895 | = | 0.0% |
| Distributable reserves | 133 | €138,422 | €172,354 | +€33,932 | +24.5% |
| Profit (loss) carried forward | 14 | €48 | €48 | = | 0.0% |
| Amounts payable | 17/49 | €282,730 | €174,103 | -€108,627 | -38.4% |
| Amounts payable after more than one year | 17 | €111,249 | €71,395 | -€39,854 | -35.8% |
| Financial debts | 170/4 | €111,249 | €71,395 | -€39,854 | -35.8% |
| Amounts payable within one year | 42/48 | €171,481 | €102,708 | -€68,773 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €38,325 | €39,854 | +€1,529 | +4.0% |
| Financial debts | 43 | €18,000 | €0 | -€18,000 | -100.0% |
| Credit institutions | 430/8 | €18,000 | €0 | -€18,000 | -100.0% |
| Trade debts | 44 | €41,026 | €11,573 | -€29,453 | -71.8% |
| Suppliers | 440/4 | €41,026 | €11,573 | -€29,453 | -71.8% |
| Taxes, remuneration and social security | 45 | €25,343 | €23,152 | -€2,191 | -8.6% |
| Taxes | 450/3 | €14,290 | €16,524 | +€2,235 | +15.6% |
| Remuneration and social security | 454/9 | €11,053 | €6,628 | -€4,426 | -40.0% |
| Other amounts payable | 47/48 | €48,786 | €28,129 | -€20,658 | -42.3% |
| Remuneration, social security and pensions | 62 | €80,196 | €52,296 | -€27,900 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,334 | €41,735 | +€17,400 | +71.5% |
| Other operating charges | 640/8 | €4,198 | €4,684 | +€486 | +11.6% |
| Gross operating margin | 9900 | €181,697 | €150,164 | -€31,533 | -17.4% |
| Operating profit (loss) | 9901 | €72,969 | €51,450 | -€21,518 | -29.5% |
| Financial income | 75/76B | €1,683 | €1,133 | -€551 | -32.7% |
| Recurring financial income | 75 | €1,683 | €1,133 | -€551 | -32.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,522 | €6,642 | +€2,120 | +46.9% |
| Recurring financial charges | 65 | €4,522 | €6,642 | +€2,120 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €70,130 | €45,941 | -€24,189 | -34.5% |
| Income taxes | 67/77 | €23,625 | €15,400 | -€8,225 | -34.8% |
| Profit (loss) for the period | 9904 | €46,505 | €30,541 | -€15,964 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,505 | €30,541 | -€15,964 | -34.3% |
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 9 October 2026 via checked.be.