DFSR: 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.
DFSR
Largest movements
- Receivables within one year -€8,347
down €8,347 (-46.4%), from €17,990 to €9,643
of which Trade receivables: -€7,519
- Cash +€6,305
up €6,305 (+15.7%), from €40,278 to €46,583
mainly Net result for the year (+€10,067) and Other debts (+€9,098)
- Tangible fixed assets +€5,355
up €5,355 (+68.7%), from €7,789 to €13,143
of which Furniture and vehicles: +€7,062
- Other debts +€9,098
up €9,098 (+1,009%), from €902 to €10,000
- Trade debts -€4,777
down €4,777 (-28.4%), from €16,813 to €12,036
- Debts after one year -€1,480
down €1,480 (-61.1%), from €2,421 to €942
- Tax, wage and social debts +€1,444
up €1,444 (+15.6%), from €9,258 to €10,701
of which Remuneration and social security: +€2,526
- Gross operating margin +€7,614
up €7,614 (+13.0%), from €58,544 to €66,159
- Taxes +€1,298
up €1,298 (+107%), from €1,212 to €2,511
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 | €77,341 | €81,229 | +€3,888 | +5.0% |
| Fixed assets | 21/28 | €8,014 | €13,369 | +€5,355 | +66.8% |
| Tangible fixed assets | 22/27 | €7,789 | €13,143 | +€5,355 | +68.7% |
| Plant, machinery and equipment | 23 | €7,789 | €6,082 | -€1,707 | -21.9% |
| Furniture and vehicles | 24 | - | €7,062 | +€7,062 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €69,327 | €67,860 | -€1,466 | -2.1% |
| Stocks and contracts in progress | 3 | €8,596 | €9,401 | +€805 | +9.4% |
| Stocks | 30/36 | €8,596 | €9,401 | +€805 | +9.4% |
| Amounts receivable within one year | 40/41 | €17,990 | €9,643 | -€8,347 | -46.4% |
| Trade receivables | 40 | €7,523 | €4 | -€7,519 | -99.9% |
| Other amounts receivable | 41 | €10,467 | €9,639 | -€828 | -7.9% |
| Cash at bank and in hand | 54/58 | €40,278 | €46,583 | +€6,305 | +15.7% |
| Deferred charges and accrued income | 490/1 | €2,462 | €2,233 | -€229 | -9.3% |
| Total equity and liabilities | 10/49 | €77,341 | €81,229 | +€3,888 | +5.0% |
| Equity | 10/15 | €39,992 | €40,059 | +€67 | +0.2% |
| Contributions | 10/11 | €29,700 | €29,700 | = | 0.0% |
| Reserves | 13 | €1,485 | €1,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,485 | €1,485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,485 | €1,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,807 | €8,874 | +€67 | +0.8% |
| Amounts payable | 17/49 | €37,348 | €41,170 | +€3,821 | +10.2% |
| Amounts payable after more than one year | 17 | €2,421 | €942 | -€1,480 | -61.1% |
| Financial debts | 170/4 | €2,421 | €942 | -€1,480 | -61.1% |
| Amounts payable within one year | 42/48 | €34,813 | €39,766 | +€4,953 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €7,841 | €7,028 | -€812 | -10.4% |
| Trade debts | 44 | €16,813 | €12,036 | -€4,777 | -28.4% |
| Suppliers | 440/4 | €16,813 | €12,036 | -€4,777 | -28.4% |
| Taxes, remuneration and social security | 45 | €9,258 | €10,701 | +€1,444 | +15.6% |
| Taxes | 450/3 | €1,083 | - | -€1,083 | |
| Remuneration and social security | 454/9 | €8,175 | €10,701 | +€2,526 | +30.9% |
| Other amounts payable | 47/48 | €902 | €10,000 | +€9,098 | +1,009% |
| Accrued charges and deferred income | 492/3 | €114 | €462 | +€348 | +304% |
| Remuneration, social security and pensions | 62 | €45,160 | €45,245 | +€85 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,948 | €5,554 | +€606 | +12.3% |
| Other operating charges | 640/8 | €865 | €904 | +€39 | +4.5% |
| Gross operating margin | 9900 | €58,544 | €66,159 | +€7,614 | +13.0% |
| Operating profit (loss) | 9901 | €7,571 | €14,456 | +€6,884 | +90.9% |
| Financial income | 75/76B | €2 | €1 | -€2 | -64.9% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -64.9% |
| Financial charges | 65/66B | €1,760 | €1,879 | +€120 | +6.8% |
| Recurring financial charges | 65 | €1,760 | €1,879 | +€120 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €5,814 | €12,577 | +€6,763 | +116% |
| Income taxes | 67/77 | €1,212 | €2,511 | +€1,298 | +107% |
| Profit (loss) for the period | 9904 | €4,602 | €10,067 | +€5,465 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €4,602 | €10,067 | +€5,465 | +119% |
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 18 October 2026 via checked.be.