DFR: 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.
DFR
Largest movements
- Financial fixed assets +€3,259
up €3,259 (+329.2%), from €990 to €4,249
- Deferred charges and accrued income +€2,000
up €2,000 (+50.0%), from €4,000 to €6,000
- Cash +€1,660
up €1,660 (+68.3%), from €2,432 to €4,092
mainly Net result for the year (+€8,676) and Tax, wage and social debts (+€2,071)
- Tangible fixed assets +€1,458
up €1,458 (+160.0%), from €911 to €2,369
- Receivables within one year +€1,201
up €1,201 (+17.9%), from €6,694 to €7,895
- Profit (loss) carried forward +€8,676
up €8,676, from -€3,643 to €5,033
- Tax, wage and social debts +€2,071
new in 2025: €2,071
- Other debts -€1,164
down €1,164 (-20.2%), from €5,751 to €4,587
- Gross operating margin +€11,053
up €11,053 (+936.7%), from €1,180 to €12,233
- Depreciation +€1,397
up €1,397 (+238.0%), from €587 to €1,984
- Taxes +€1,000
new in 2025: €1,000
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 | €15,027 | €24,605 | +€9,578 | +63.7% |
| Fixed assets | 21/28 | €1,901 | €6,618 | +€4,717 | +248.1% |
| Tangible fixed assets | 22/27 | €911 | €2,369 | +€1,458 | +160.0% |
| Furniture and vehicles | 24 | €911 | €2,369 | +€1,458 | +160.0% |
| Financial fixed assets | 28 | €990 | €4,249 | +€3,259 | +329.2% |
| Current assets | 29/58 | €13,126 | €17,987 | +€4,861 | +37.0% |
| Amounts receivable within one year | 40/41 | €6,694 | €7,895 | +€1,201 | +17.9% |
| Trade receivables | 40 | €6,694 | €7,895 | +€1,201 | +17.9% |
| Cash at bank and in hand | 54/58 | €2,432 | €4,092 | +€1,660 | +68.3% |
| Deferred charges and accrued income | 490/1 | €4,000 | €6,000 | +€2,000 | +50.0% |
| Total equity and liabilities | 10/49 | €15,027 | €24,605 | +€9,578 | +63.7% |
| Equity | 10/15 | €8,757 | €17,433 | +€8,676 | +99.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,643 | €5,033 | +€8,676 | |
| Amounts payable | 17/49 | €6,270 | €7,172 | +€902 | +14.4% |
| Amounts payable within one year | 42/48 | €6,270 | €7,172 | +€902 | +14.4% |
| Trade debts | 44 | €519 | €514 | -€5 | -1.0% |
| Suppliers | 440/4 | €519 | €514 | -€5 | -1.0% |
| Taxes, remuneration and social security | 45 | - | €2,071 | +€2,071 | |
| Remuneration and social security | 454/9 | - | €2,071 | +€2,071 | |
| Other amounts payable | 47/48 | €5,751 | €4,587 | -€1,164 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | €1,984 | +€1,397 | +238.0% |
| Other operating charges | 640/8 | €519 | €528 | +€9 | +1.7% |
| Gross operating margin | 9900 | €1,180 | €12,233 | +€11,053 | +936.7% |
| Operating profit (loss) | 9901 | €74 | €9,721 | +€9,647 | +13036.5% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €48 | €45 | -€3 | -6.3% |
| Recurring financial charges | 65 | €48 | €45 | -€3 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €37 | €9,676 | +€9,639 | +26051.4% |
| Income taxes | 67/77 | - | €1,000 | +€1,000 | |
| Profit (loss) for the period | 9904 | €37 | €8,676 | +€8,639 | +23348.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37 | €8,676 | +€8,639 | +23348.6% |
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 1 October 2026 via checked.be.