Dfine: 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.
Dfine
Largest movements
- Cash +€13,626
up €13,626 (+47.3%), from €28,795 to €42,421
mainly Net result for the year (+€81,593) and Receivables within one year (+€7,412)
- Receivables within one year -€7,412
down €7,412 (-13.2%), from €55,993 to €48,581
of which Trade receivables: -€7,979
- Reserves +€48,260
up €48,260 (+142.4%), from €33,886 to €82,146
- Other debts -€47,113
down €47,113 (-100.0%), from €47,113 to €0
- Tax, wage and social debts +€5,604
up €5,604 (+96.1%), from €5,830 to €11,434
- Gross operating margin +€4,363
up €4,363 (+4.2%), from €102,937 to €107,300
- Taxes +€1,138
up €1,138 (+5.6%), from €20,343 to €21,481
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 | €92,782 | €99,918 | +€7,136 | +7.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,890 | €6,267 | +€377 | +6.4% |
| Tangible fixed assets | 22/27 | €5,890 | €6,267 | +€377 | +6.4% |
| Furniture and vehicles | 24 | €1,418 | €458 | -€960 | -67.7% |
| Other tangible fixed assets | 26 | €4,472 | €5,808 | +€1,337 | +29.9% |
| Current assets | 29/58 | €86,892 | €93,652 | +€6,759 | +7.8% |
| Amounts receivable within one year | 40/41 | €55,993 | €48,581 | -€7,412 | -13.2% |
| Trade receivables | 40 | €55,174 | €47,195 | -€7,979 | -14.5% |
| Other amounts receivable | 41 | €819 | €1,386 | +€566 | +69.1% |
| Cash at bank and in hand | 54/58 | €28,795 | €42,421 | +€13,626 | +47.3% |
| Deferred charges and accrued income | 490/1 | €2,104 | €2,650 | +€546 | +25.9% |
| Total equity and liabilities | 10/49 | €92,782 | €99,918 | +€7,136 | +7.7% |
| Equity | 10/15 | €36,386 | €84,646 | +€48,260 | +132.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,886 | €82,146 | +€48,260 | +142.4% |
| Distributable reserves | 133 | €33,886 | €82,146 | +€48,260 | +142.4% |
| Amounts payable | 17/49 | €56,396 | €15,272 | -€41,124 | -72.9% |
| Amounts payable within one year | 42/48 | €56,396 | €15,272 | -€41,124 | -72.9% |
| Trade debts | 44 | €3,452 | €3,838 | +€386 | +11.2% |
| Suppliers | 440/4 | €3,452 | €3,838 | +€386 | +11.2% |
| Taxes, remuneration and social security | 45 | €5,830 | €11,434 | +€5,604 | +96.1% |
| Taxes | 450/3 | €5,830 | €11,434 | +€5,604 | +96.1% |
| Other amounts payable | 47/48 | €47,113 | €0 | -€47,113 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591 | €1,758 | +€167 | +10.5% |
| Other operating charges | 640/8 | €868 | €673 | -€195 | -22.5% |
| Gross operating margin | 9900 | €102,937 | €107,300 | +€4,363 | +4.2% |
| Operating profit (loss) | 9901 | €100,479 | €104,870 | +€4,390 | +4.4% |
| Financial charges | 65/66B | €2,135 | €1,796 | -€339 | -15.9% |
| Recurring financial charges | 65 | €2,135 | €1,796 | -€339 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €98,344 | €103,074 | +€4,730 | +4.8% |
| Income taxes | 67/77 | €20,343 | €21,481 | +€1,138 | +5.6% |
| Profit (loss) for the period | 9904 | €78,001 | €81,593 | +€3,592 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,001 | €81,593 | +€3,592 | +4.6% |
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 5 October 2026 via checked.be.