DFields: 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.
What changed
DFields
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.4m-€307,518
Equity
€4.9m
2024 · €4.2m+€666,602
Cash
€8,281
2024 · €5,949+€2,333
Balance sheet total
€6.9m
2024 · €5.8m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€1.6m
up €1.6m (+86.3%), from €1.8m to €3.4m
of which Land and buildings: +€1.6m
- Receivables within one year -€1.2m
down €1.2m (-76.6%), from €1.6m to €368,266
of which Other amounts receivable: -€1.0m
- Financial fixed assets +€614,800
up €614,800 (+27.0%), from €2.3m to €2.9m
Equity and liabilities
- Reserves +€666,602
up €666,602 (+15.9%), from €4.2m to €4.9m
- Debts after one year +€211,667
up €211,667 (+19.6%), from €1.1m to €1.3m
- Current portion of long-term debt +€100,000
up €100,000 (+61.2%), from €163,333 to €263,333
Income statement
- Depreciation +€235,095
up €235,095 (+235%), from €100,128 to €335,223
- Taxes -€139,483
down €139,483 (-34.7%), from €402,519 to €263,036
- Financial income -€68,036
down €68,036 (-7.1%), from €953,452 to €885,416
- Gross operating margin -€48,272
down €48,272 (-4.6%), from €1.1m to €1.0m
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.
Result 2024
€1.4m
Gross operating margin
-€48,272
Depreciation
-€235,095
Other operating charges
+€10,009
Other operating items
-€106,998
Financial income
-€68,036
Financial charges
+€1,389
Taxes
+€139,483
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.7m
Investment
-€2.6m
Financing
-€122,040
Cash 2024
€5,949
From operations (derived)
+€2.7m
Net result for the year
+€1.1m
Depreciation
+€335,223
Stocks and contracts
-€10,800
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€16,376
Trade debts
+€8,140
Tax, wage and social debts
-€19,321
Other debts
+€52,073
Accrued charges and deferred income
+€4,011
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.5m
Current investments
-€20,000
Financing
-€122,040
Debts after one year
+€211,667
Current portion of long-term debt
+€100,000
Short-term financial debts
+€20,669
Contributions, distributions and other
-€454,375
Cash 2025
€8,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,835,247 | €6,879,088 | +€1.0m | +17.9% |
| Fixed assets | 21/28 | €4,107,247 | €6,305,915 | +€2.2m | +53.5% |
| Tangible fixed assets | 22/27 | €1,834,315 | €3,418,183 | +€1.6m | +86.3% |
| Land and buildings | 22 | €1,626,693 | €3,218,368 | +€1.6m | +97.8% |
| Plant, machinery and equipment | 23 | €67,692 | €83,504 | +€15,812 | +23.4% |
| Furniture and vehicles | 24 | €1,115 | €0 | -€1,115 | -100% |
| Other tangible fixed assets | 26 | €138,815 | €116,311 | -€22,504 | -16.2% |
| Financial fixed assets | 28 | €2,272,932 | €2,887,732 | +€614,800 | +27.0% |
| Current assets | 29/58 | €1,728,001 | €573,174 | -€1.2m | -66.8% |
| Stocks and contracts in progress | 3 | €140,902 | €151,702 | +€10,800 | +7.7% |
| Stocks | 30/36 | €140,902 | €151,702 | +€10,800 | +7.7% |
| Amounts receivable within one year | 40/41 | €1,572,602 | €368,266 | -€1.2m | -76.6% |
| Trade receivables | 40 | €182,105 | €605 | -€181,500 | -99.7% |
| Other amounts receivable | 41 | €1,390,497 | €367,661 | -€1.0m | -73.6% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €5,949 | €8,281 | +€2,333 | +39.2% |
| Deferred charges and accrued income | 490/1 | €8,548 | €24,924 | +€16,376 | +192% |
| Total equity and liabilities | 10/49 | €5,835,247 | €6,879,088 | +€1.0m | +17.9% |
| Equity | 10/15 | €4,191,453 | €4,858,055 | +€666,602 | +15.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €4,191,452 | €4,858,054 | +€666,602 | +15.9% |
| Distributable reserves | 133 | €4,191,452 | €4,858,054 | +€666,602 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,643,794 | €2,021,033 | +€377,239 | +22.9% |
| Amounts payable after more than one year | 17 | €1,077,778 | €1,289,444 | +€211,667 | +19.6% |
| Financial debts | 170/4 | €1,077,778 | €1,289,444 | +€211,667 | +19.6% |
| Amounts payable within one year | 42/48 | €558,874 | €720,434 | +€161,561 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €163,333 | €263,333 | +€100,000 | +61.2% |
| Financial debts | 43 | €63,380 | €84,049 | +€20,669 | +32.6% |
| Credit institutions | 430/8 | €63,380 | €84,049 | +€20,669 | +32.6% |
| Trade debts | 44 | €11,755 | €19,895 | +€8,140 | +69.2% |
| Suppliers | 440/4 | €11,755 | €19,895 | +€8,140 | +69.2% |
| Taxes, remuneration and social security | 45 | €319,615 | €300,294 | -€19,321 | -6.0% |
| Taxes | 450/3 | €319,615 | €300,294 | -€19,321 | -6.0% |
| Other amounts payable | 47/48 | €790 | €52,863 | +€52,073 | +6,592% |
| Accrued charges and deferred income | 492/3 | €7,143 | €11,154 | +€4,011 | +56.2% |
| Non-recurring operating income | 76A | €0 | €15,226 | +€15,226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,128 | €335,223 | +€235,095 | +235% |
| Other operating charges | 640/8 | €21,688 | €11,679 | -€10,009 | -46.2% |
| Non-recurring operating charges | 66A | €0 | €106,998 | +€106,998 | |
| Gross operating margin | 9900 | €1,054,134 | €1,005,862 | -€48,272 | -4.6% |
| Operating profit (loss) | 9901 | €932,318 | €551,963 | -€380,355 | -40.8% |
| Financial income | 75/76B | €953,452 | €885,416 | -€68,036 | -7.1% |
| Recurring financial income | 75 | €953,452 | €885,416 | -€68,036 | -7.1% |
| Financial charges | 65/66B | €54,756 | €53,366 | -€1,389 | -2.5% |
| Recurring financial charges | 65 | €54,756 | €53,366 | -€1,389 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €1,831,014 | €1,384,013 | -€447,001 | -24.4% |
| Income taxes | 67/77 | €402,519 | €263,036 | -€139,483 | -34.7% |
| Profit (loss) for the period | 9904 | €1,428,496 | €1,120,977 | -€307,518 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,428,496 | €1,120,977 | -€307,518 | -21.5% |
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 26 October 2026 via checked.be.