DFI: 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.
DFI
Largest movements
- Cash +€3.4m
up €3.4m (+144%), from €2.4m to €5.8m
mainly Debts after one year (+€8.5m) and Current investments (+€190,249)
- Financial fixed assets +€3.2m
up €3.2m (+11.6%), from €27.8m to €31.1m
- Debts after one year +€8.5m
up €8.5m (+62.2%), from €13.7m to €22.3m
- Short-term financial debts -€1.2m
down €1.2m (-26.1%), from €4.6m to €3.4m
- Reserves -€740,751
down €740,751 (-5.6%), from €13.3m to €12.5m
of which Distributable reserves: -€740,751
- Financial income -€8.3m
down €8.3m (-74.5%), from €11.1m to €2.8m
of which Financial income: -€9.3m
- Financial charges +€3.2m
up €3.2m (+1,963%), from €164,541 to €3.4m
of which Non-recurring financial charges: +€2.9m
- Gross operating margin -€42,157
down €42,157 (-30.5%), from -€138,002 to -€180,159
- Taxes +€24,912
up €24,912 (+99.0%), from -€25,173 to -€261
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,790,388 | €38,434,042 | +€6.6m | +20.9% |
| Fixed assets | 21/28 | €27,815,815 | €31,051,953 | +€3.2m | +11.6% |
| Financial fixed assets | 28 | €27,815,815 | €31,051,953 | +€3.2m | +11.6% |
| Current assets | 29/58 | €3,974,573 | €7,382,089 | +€3.4m | +85.7% |
| Amounts receivable after more than one year | 29 | - | €101,172 | +€101,172 | |
| Other amounts receivable | 291 | - | €101,172 | +€101,172 | |
| Amounts receivable within one year | 40/41 | €1,000,040 | €1,060,068 | +€60,028 | +6.0% |
| Other amounts receivable | 41 | €1,000,040 | €1,060,068 | +€60,028 | +6.0% |
| Current investments | 50/53 | €264,177 | €73,928 | -€190,249 | -72.0% |
| Cash at bank and in hand | 54/58 | €2,388,500 | €5,824,495 | +€3.4m | +144% |
| Deferred charges and accrued income | 490/1 | €321,856 | €322,426 | +€570 | +0.2% |
| Total equity and liabilities | 10/49 | €31,790,388 | €38,434,042 | +€6.6m | +20.9% |
| Equity | 10/15 | €13,290,864 | €12,550,113 | -€740,751 | -5.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €13,272,314 | €12,531,563 | -€740,751 | -5.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €13,270,459 | €12,529,708 | -€740,751 | -5.6% |
| Amounts payable | 17/49 | €18,499,524 | €25,883,929 | +€7.4m | +39.9% |
| Amounts payable after more than one year | 17 | €13,727,715 | €22,267,386 | +€8.5m | +62.2% |
| Financial debts | 170/4 | €13,727,715 | €22,267,386 | +€8.5m | +62.2% |
| Amounts payable within one year | 42/48 | €4,651,306 | €3,467,462 | -€1.2m | -25.5% |
| Financial debts | 43 | €4,551,194 | €3,361,193 | -€1.2m | -26.1% |
| Credit institutions | 430/8 | €4,551,194 | €3,361,193 | -€1.2m | -26.1% |
| Trade debts | 44 | €28,112 | €34,530 | +€6,418 | +22.8% |
| Suppliers | 440/4 | €28,112 | €34,530 | +€6,418 | +22.8% |
| Taxes, remuneration and social security | 45 | €72,000 | €71,739 | -€261 | -0.4% |
| Taxes | 450/3 | €72,000 | €71,739 | -€261 | -0.4% |
| Accrued charges and deferred income | 492/3 | €120,503 | €149,081 | +€28,578 | +23.7% |
| Other operating charges | 640/8 | €1,456 | €1,546 | +€90 | +6.1% |
| Gross operating margin | 9900 | -€138,002 | -€180,159 | -€42,157 | -30.5% |
| Operating profit (loss) | 9901 | -€139,458 | -€181,705 | -€42,247 | -30.3% |
| Financial income | 75/76B | €11,122,701 | €2,835,865 | -€8.3m | -74.5% |
| Recurring financial income | 75 | €10,303,116 | €974,617 | -€9.3m | -90.5% |
| Non-recurring financial income | 76B | €819,585 | €1,861,248 | +€1.0m | +127% |
| Financial charges | 65/66B | €164,541 | €3,395,172 | +€3.2m | +1,963% |
| Recurring financial charges | 65 | €164,541 | €506,366 | +€341,825 | +208% |
| Non-recurring financial charges | 66B | €0 | €2,888,806 | +€2.9m | |
| Profit (loss) for the period before taxes | 9903 | €10,818,702 | -€741,012 | -€11.6m | |
| Income taxes | 67/77 | -€25,173 | -€261 | +€24,912 | +99.0% |
| Profit (loss) for the period | 9904 | €10,843,875 | -€740,751 | -€11.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €10,843,875 | -€740,751 | -€11.6m |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.