DFSJ: 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.
DFSJ
Largest movements
- Current investments -€66,927
down €66,927 (-10.1%), from €664,478 to €597,552
- Profit (loss) carried forward -€124,601
down €124,601 (-10.6%), from -€1.2m to -€1.3m
- Other debts +€49,646
up €49,646 (+5.8%), from €850,030 to €899,676
- Financial charges -€89,965
down €89,965 (-43.9%), from €204,971 to €115,006
- Financial income -€68,794
no longer reported in 2025 (was €68,794)
- Gross operating margin +€1,301
up €1,301 (+13.1%), from -€9,898 to -€8,596
- Other operating charges -€539
down €539 (-35.0%), from €1,537 to €998
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,550 | €600,590 | -€71,960 | -10.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €672,550 | €600,590 | -€71,960 | -10.7% |
| Current investments | 50/53 | €664,478 | €597,552 | -€66,927 | -10.1% |
| Cash at bank and in hand | 54/58 | €8,072 | €3,038 | -€5,033 | -62.4% |
| Total equity and liabilities | 10/49 | €672,550 | €600,590 | -€71,960 | -10.7% |
| Equity | 10/15 | -€180,033 | -€304,634 | -€124,601 | -69.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,180,033 | -€1,304,634 | -€124,601 | -10.6% |
| Amounts payable | 17/49 | €852,583 | €905,224 | +€52,641 | +6.2% |
| Amounts payable within one year | 42/48 | €852,583 | €905,224 | +€52,641 | +6.2% |
| Trade debts | 44 | €2,553 | €5,548 | +€2,995 | +117% |
| Suppliers | 440/4 | €2,553 | €5,548 | +€2,995 | +117% |
| Other amounts payable | 47/48 | €850,030 | €899,676 | +€49,646 | +5.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,537 | €998 | -€539 | -35.0% |
| Gross operating margin | 9900 | -€9,898 | -€8,596 | +€1,301 | +13.1% |
| Operating profit (loss) | 9901 | -€11,435 | -€9,595 | +€1,840 | +16.1% |
| Financial income | 75/76B | €68,794 | - | -€68,794 | |
| Recurring financial income | 75 | €68,794 | - | -€68,794 | |
| Financial charges | 65/66B | €204,971 | €115,006 | -€89,965 | -43.9% |
| Recurring financial charges | 65 | €204,971 | €115,006 | -€89,965 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | -€147,612 | -€124,601 | +€23,011 | +15.6% |
| Profit (loss) for the period | 9904 | -€147,612 | -€124,601 | +€23,011 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€147,612 | -€124,601 | +€23,011 | +15.6% |
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 13 October 2026 via checked.be.