DGFT: 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.
DGFT
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+111.8%), from €1.2m to €2.6m
of which Trade receivables: +€1.2m
- Stocks and contracts +€313,103
up €313,103 (+760.7%), from €41,161 to €354,264
- Cash -€273,573
down €273,573 (-81.9%), from €334,180 to €60,607
mainly Receivables within one year (-€1.4m) and Stocks and contracts (-€313,103)
- Deferred charges and accrued income +€112,472
up €112,472 (+321.5%), from €34,987 to €147,459
- Trade debts +€1.2m
up €1.2m (+119.6%), from €1.0m to €2.3m
- Advances received +€267,263
new in 2025: €267,263
- Tax, wage and social debts +€35,070
up €35,070 (+91.0%), from €38,532 to €73,602
of which Remuneration and social security: +€48,236
- Accrued charges and deferred income -€34,565
down €34,565 (-67.5%), from €51,210 to €16,645
- Profit (loss) carried forward +€32,768
up €32,768 (+38.5%), from €85,196 to €117,964
- Staff costs +€438,553
up €438,553 (+74.8%), from €586,167 to €1.0m
- Gross operating margin +€365,953
up €365,953 (+50.6%), from €722,703 to €1.1m
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 | €1,643,608 | €3,179,011 | +€1.5m | +93.4% |
| Fixed assets | 21/28 | €2,293 | €9,810 | +€7,517 | +327.8% |
| Tangible fixed assets | 22/27 | €2,293 | €9,335 | +€7,042 | +307.1% |
| Plant, machinery and equipment | 23 | €1,549 | €8,771 | +€7,222 | +466.1% |
| Furniture and vehicles | 24 | €744 | €564 | -€180 | -24.2% |
| Financial fixed assets | 28 | - | €475 | +€475 | |
| Current assets | 29/58 | €1,641,315 | €3,169,201 | +€1.5m | +93.1% |
| Stocks and contracts in progress | 3 | €41,161 | €354,264 | +€313,103 | +760.7% |
| Stocks | 30/36 | €41,161 | €354,264 | +€313,103 | +760.7% |
| Amounts receivable within one year | 40/41 | €1,230,987 | €2,606,871 | +€1.4m | +111.8% |
| Trade receivables | 40 | €1,138,705 | €2,364,990 | +€1.2m | +107.7% |
| Other amounts receivable | 41 | €92,283 | €241,881 | +€149,599 | +162.1% |
| Cash at bank and in hand | 54/58 | €334,180 | €60,607 | -€273,573 | -81.9% |
| Deferred charges and accrued income | 490/1 | €34,987 | €147,459 | +€112,472 | +321.5% |
| Total equity and liabilities | 10/49 | €1,643,608 | €3,179,011 | +€1.5m | +93.4% |
| Equity | 10/15 | €523,187 | €557,680 | +€34,493 | +6.6% |
| Contributions | 10/11 | €418,600 | €418,600 | = | 0.0% |
| Reserves | 13 | €19,391 | €21,116 | +€1,725 | +8.9% |
| Non-distributable reserves | 130/1 | €19,391 | €21,116 | +€1,725 | +8.9% |
| Reserves not available under the articles | 1311 | €19,391 | €21,116 | +€1,725 | +8.9% |
| Profit (loss) carried forward | 14 | €85,196 | €117,964 | +€32,768 | +38.5% |
| Amounts payable | 17/49 | €1,120,421 | €2,621,331 | +€1.5m | +134.0% |
| Amounts payable within one year | 42/48 | €1,069,210 | €2,604,686 | +€1.5m | +143.6% |
| Trade debts | 44 | €1,030,679 | €2,263,821 | +€1.2m | +119.6% |
| Suppliers | 440/4 | €1,030,679 | €2,263,821 | +€1.2m | +119.6% |
| Advances received on contracts in progress | 46 | - | €267,263 | +€267,263 | |
| Taxes, remuneration and social security | 45 | €38,532 | €73,602 | +€35,070 | +91.0% |
| Taxes | 450/3 | €15,344 | €2,178 | -€13,165 | -85.8% |
| Remuneration and social security | 454/9 | €23,188 | €71,424 | +€48,236 | +208.0% |
| Accrued charges and deferred income | 492/3 | €51,210 | €16,645 | -€34,565 | -67.5% |
| Non-recurring operating income | 76A | €19,851 | €36,123 | +€16,271 | +82.0% |
| Remuneration, social security and pensions | 62 | €586,167 | €1,024,720 | +€438,553 | +74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €827 | €2,046 | +€1,219 | +147.4% |
| Other operating charges | 640/8 | €6,679 | €2,465 | -€4,214 | -63.1% |
| Non-recurring operating charges | 66A | €10,924 | €165 | -€10,759 | -98.5% |
| Gross operating margin | 9900 | €722,703 | €1,088,656 | +€365,953 | +50.6% |
| Operating profit (loss) | 9901 | €118,106 | €59,259 | -€58,847 | -49.8% |
| Financial income | 75/76B | €10,843 | €7,794 | -€3,048 | -28.1% |
| Recurring financial income | 75 | €10,843 | €7,794 | -€3,048 | -28.1% |
| Financial charges | 65/66B | €9,094 | €4,532 | -€4,562 | -50.2% |
| Recurring financial charges | 65 | €9,094 | €4,532 | -€4,562 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €119,854 | €62,521 | -€57,333 | -47.8% |
| Income taxes | 67/77 | €31,184 | €28,028 | -€3,156 | -10.1% |
| Profit (loss) for the period | 9904 | €88,670 | €34,493 | -€54,177 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,670 | €34,493 | -€54,177 | -61.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.