DFH: 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.
DFH
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables after one year +€60,000
up €60,000 (+338%), from €17,726 to €77,726
of which Other amounts receivable: +€77,726
- Profit (loss) carried forward -€63,591
down €63,591 (-4.1%), from -€1.6m to -€1.6m
- Financial charges +€11,340
up €11,340 (+5,553%), from €204 to €11,545
- Gross operating margin +€5,985
up €5,985 (+14.0%), from -€42,773 to -€36,788
- Financial income -€5,973
down €5,973 (-50.8%), from €11,756 to €5,783
of which Non-recurring financial income: -€8,500
- Staff costs +€2,880
new in 2025: €2,880
- Depreciation +€2,509
up €2,509 (+16.5%), from €15,193 to €17,702
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 | €1,589,480 | €1,524,644 | -€64,836 | -4.1% |
| Fixed assets | 21/28 | €1,302,865 | €1,288,668 | -€14,197 | -1.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €49,992 | €35,795 | -€14,197 | -28.4% |
| Plant, machinery and equipment | 23 | €3,510 | €2,502 | -€1,008 | -28.7% |
| Furniture and vehicles | 24 | €46,482 | €33,293 | -€13,189 | -28.4% |
| Financial fixed assets | 28 | €1,252,873 | €1,252,873 | = | 0.0% |
| Current assets | 29/58 | €286,615 | €235,976 | -€50,639 | -17.7% |
| Amounts receivable after more than one year | 29 | €17,726 | €77,726 | +€60,000 | +338% |
| Trade receivables | 290 | €17,726 | - | -€17,726 | |
| Other amounts receivable | 291 | - | €77,726 | +€77,726 | |
| Stocks and contracts in progress | 3 | €1,613 | €1,721 | +€108 | +6.7% |
| Stocks | 30/36 | €1,613 | €1,721 | +€108 | +6.7% |
| Amounts receivable within one year | 40/41 | €13,291 | €14,663 | +€1,371 | +10.3% |
| Trade receivables | 40 | €6,644 | €4,879 | -€1,765 | -26.6% |
| Other amounts receivable | 41 | €6,647 | €9,783 | +€3,136 | +47.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €138,129 | €136,441 | -€1,688 | -1.2% |
| Deferred charges and accrued income | 490/1 | €15,856 | €5,427 | -€10,430 | -65.8% |
| Total equity and liabilities | 10/49 | €1,589,480 | €1,524,644 | -€64,836 | -4.1% |
| Equity | 10/15 | €1,586,793 | €1,523,202 | -€63,591 | -4.0% |
| Contributions | 10/11 | €3,155,842 | €3,155,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,569,049 | -€1,632,640 | -€63,591 | -4.1% |
| Amounts payable | 17/49 | €2,687 | €1,442 | -€1,244 | -46.3% |
| Amounts payable within one year | 42/48 | €2,687 | €1,442 | -€1,244 | -46.3% |
| Trade debts | 44 | €2,265 | €351 | -€1,913 | -84.5% |
| Suppliers | 440/4 | €2,265 | €351 | -€1,913 | -84.5% |
| Taxes, remuneration and social security | 45 | €422 | €1,091 | +€669 | +158% |
| Taxes | 450/3 | €422 | €1,091 | +€669 | +158% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Non-recurring operating income | 76A | - | €471 | +€471 | |
| Remuneration, social security and pensions | 62 | - | €2,880 | +€2,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,193 | €17,702 | +€2,509 | +16.5% |
| Other operating charges | 640/8 | - | €247 | +€247 | |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | -€42,773 | -€36,788 | +€5,985 | +14.0% |
| Operating profit (loss) | 9901 | -€57,966 | -€57,665 | +€301 | +0.5% |
| Financial income | 75/76B | €11,756 | €5,783 | -€5,973 | -50.8% |
| Recurring financial income | 75 | €3,256 | €5,783 | +€2,527 | +77.6% |
| Non-recurring financial income | 76B | €8,500 | €0 | -€8,500 | -100% |
| Financial charges | 65/66B | €204 | €11,545 | +€11,340 | +5,553% |
| Recurring financial charges | 65 | €204 | €11,545 | +€11,340 | +5,553% |
| Profit (loss) for the period before taxes | 9903 | -€46,415 | -€63,426 | -€17,012 | -36.7% |
| Income taxes | 67/77 | -€1,235 | €165 | +€1,400 | |
| Profit (loss) for the period | 9904 | -€45,180 | -€63,591 | -€18,412 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,180 | -€63,591 | -€18,412 | -40.8% |
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 20 October 2026 via checked.be.