DFI TELECOM: what changed
Two fiscal 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 TELECOM
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+197.6%), from €644,840 to €1.9m
of which Trade receivables: +€1.2m
- Deferred charges and accrued income -€826,818
down €826,818 (-99.6%), from €829,964 to €3,146
- Debts after one year +€873,041
up €873,041 (+867.4%), from €100,653 to €973,693
of which Other amounts payable: +€885,941
- Profit (loss) carried forward -€374,320
down €374,320 (-47.8%), from €782,705 to €408,385
- Short-term financial debts -€285,861
down €285,861 (-69.6%), from €410,861 to €125,000
- Trade debts +€226,059
up €226,059 (+38.0%), from €594,836 to €820,895
- Other debts -€77,864
no longer reported in 2025 (was €77,864)
- Gross operating margin -€406,003
down €406,003 (-70.3%), from €577,478 to €171,475
- Staff costs -€55,863
down €55,863 (-11.2%), from €500,470 to €444,606
- Financial charges -€38,744
down €38,744 (-53.9%), from €71,854 to €33,111
of which Non-recurring financial charges: -€50,000
- Depreciation +€20,069
up €20,069 (+42.9%), from €46,800 to €66,868
- Taxes -€18,341
no longer reported in 2025 (was €18,341)
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 | €2,094,783 | €2,525,914 | +€431,131 | +20.6% |
| Formation expenses | 20 | €4,333 | €3,464 | -€869 | -20.1% |
| Fixed assets | 21/28 | €588,945 | €569,434 | -€19,511 | -3.3% |
| Intangible fixed assets | 21 | - | €4,763 | +€4,763 | |
| Tangible fixed assets | 22/27 | €403,105 | €378,966 | -€24,139 | -6.0% |
| Land and buildings | 22 | €228,367 | €208,539 | -€19,829 | -8.7% |
| Plant, machinery and equipment | 23 | €113,892 | €94,006 | -€19,886 | -17.5% |
| Furniture and vehicles | 24 | €60,845 | €76,421 | +€15,576 | +25.6% |
| Financial fixed assets | 28 | €185,840 | €185,705 | -€135 | -0.1% |
| Current assets | 29/58 | €1,501,505 | €1,953,016 | +€451,510 | +30.1% |
| Amounts receivable within one year | 40/41 | €644,840 | €1,919,237 | +€1.3m | +197.6% |
| Trade receivables | 40 | €549,572 | €1,712,149 | +€1.2m | +211.5% |
| Other amounts receivable | 41 | €95,267 | €207,088 | +€111,821 | +117.4% |
| Cash at bank and in hand | 54/58 | €26,701 | €30,633 | +€3,931 | +14.7% |
| Deferred charges and accrued income | 490/1 | €829,964 | €3,146 | -€826,818 | -99.6% |
| Total equity and liabilities | 10/49 | €2,094,783 | €2,525,914 | +€431,131 | +20.6% |
| Equity | 10/15 | €823,367 | €447,135 | -€376,232 | -45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €782,705 | €408,385 | -€374,320 | -47.8% |
| Investment grants | 15 | €20,202 | €18,290 | -€1,912 | -9.5% |
| Amounts payable | 17/49 | €1,271,416 | €2,078,778 | +€807,362 | +63.5% |
| Amounts payable after more than one year | 17 | €100,653 | €973,693 | +€873,041 | +867.4% |
| Financial debts | 170/4 | €100,653 | €87,752 | -€12,901 | -12.8% |
| Other amounts payable | 178/9 | - | €885,941 | +€885,941 | |
| Amounts payable within one year | 42/48 | €1,170,588 | €1,104,765 | -€65,823 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €46,158 | €46,895 | +€736 | +1.6% |
| Financial debts | 43 | €410,861 | €125,000 | -€285,861 | -69.6% |
| Credit institutions | 430/8 | €410,861 | €125,000 | -€285,861 | -69.6% |
| Trade debts | 44 | €594,836 | €820,895 | +€226,059 | +38.0% |
| Suppliers | 440/4 | €594,836 | €820,895 | +€226,059 | +38.0% |
| Taxes, remuneration and social security | 45 | €40,868 | €111,975 | +€71,107 | +174.0% |
| Taxes | 450/3 | €705 | €7,740 | +€7,035 | +997.1% |
| Remuneration and social security | 454/9 | €40,163 | €104,235 | +€64,073 | +159.5% |
| Other amounts payable | 47/48 | €77,864 | - | -€77,864 | |
| Accrued charges and deferred income | 492/3 | €175 | €320 | +€145 | +82.8% |
| Remuneration, social security and pensions | 62 | €500,470 | €444,606 | -€55,863 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,800 | €66,868 | +€20,069 | +42.9% |
| Other operating charges | 640/8 | €6,072 | €4,577 | -€1,495 | -24.6% |
| Gross operating margin | 9900 | €577,478 | €171,475 | -€406,003 | -70.3% |
| Operating profit (loss) | 9901 | €24,137 | -€344,577 | -€368,714 | |
| Financial income | 75/76B | €3,906 | €3,368 | -€538 | -13.8% |
| Recurring financial income | 75 | €3,906 | €3,368 | -€538 | -13.8% |
| Financial charges | 65/66B | €71,854 | €33,111 | -€38,744 | -53.9% |
| Recurring financial charges | 65 | €21,854 | €33,111 | +€11,257 | +51.5% |
| Non-recurring financial charges | 66B | €50,000 | - | -€50,000 | |
| Profit (loss) for the period before taxes | 9903 | -€43,812 | -€374,320 | -€330,508 | -754.4% |
| Income taxes | 67/77 | €18,341 | - | -€18,341 | |
| Profit (loss) for the period | 9904 | -€62,153 | -€374,320 | -€312,167 | -502.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,153 | -€374,320 | -€312,167 | -502.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.