DHAFIBO: 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.
DHAFIBO
Largest movements
- Tangible fixed assets +€231,707
up €231,707 (+48.4%), from €478,797 to €710,504
of which Other tangible fixed assets: +€257,204
- Cash +€98,393
up €98,393 (+3,129%), from €3,144 to €101,537
mainly Trade debts (+€323,998) and Depreciation (+€80,638)
- Deferred charges and accrued income +€40,000
new in 2025: €40,000
- Trade debts +€323,998
up €323,998 (+24,364%), from €1,330 to €325,328
- Reserves +€42,583
up €42,583 (+16.0%), from €266,817 to €309,400
of which Distributable reserves: +€42,583
- Gross operating margin +€36,516
up €36,516 (+31.2%), from €116,857 to €153,373
- Depreciation +€31,769
up €31,769 (+65.0%), from €48,869 to €80,638
- Taxes +€5,659
up €5,659 (+36.0%), from €15,705 to €21,364
- Other operating charges +€3,047
up €3,047 (+73.7%), from €4,133 to €7,179
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 | €482,076 | €852,041 | +€369,965 | +76.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €478,797 | €710,504 | +€231,707 | +48.4% |
| Tangible fixed assets | 22/27 | €478,797 | €710,504 | +€231,707 | +48.4% |
| Land and buildings | 22 | €171,310 | €163,178 | -€8,131 | -4.7% |
| Furniture and vehicles | 24 | €51,700 | €34,334 | -€17,365 | -33.6% |
| Other tangible fixed assets | 26 | €255,787 | €512,991 | +€257,204 | +101% |
| Current assets | 29/58 | €3,280 | €141,537 | +€138,258 | +4,216% |
| Amounts receivable within one year | 40/41 | €135 | - | -€135 | |
| Other amounts receivable | 41 | €135 | - | -€135 | |
| Cash at bank and in hand | 54/58 | €3,144 | €101,537 | +€98,393 | +3,129% |
| Deferred charges and accrued income | 490/1 | - | €40,000 | +€40,000 | |
| Total equity and liabilities | 10/49 | €482,076 | €852,041 | +€369,965 | +76.7% |
| Equity | 10/15 | €285,417 | €328,000 | +€42,583 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,817 | €309,400 | +€42,583 | +16.0% |
| Tax-exempt reserves | 132 | €15,662 | €15,662 | = | 0.0% |
| Distributable reserves | 133 | €251,155 | €293,738 | +€42,583 | +17.0% |
| Amounts payable | 17/49 | €196,659 | €524,042 | +€327,382 | +166% |
| Amounts payable after more than one year | 17 | €87,037 | €79,462 | -€7,575 | -8.7% |
| Financial debts | 170/4 | €87,037 | €79,462 | -€7,575 | -8.7% |
| Amounts payable within one year | 42/48 | €109,622 | €444,579 | +€334,957 | +306% |
| Current portion of amounts payable after more than one year | 42 | €7,473 | €10,979 | +€3,506 | +46.9% |
| Trade debts | 44 | €1,330 | €325,328 | +€323,998 | +24,364% |
| Suppliers | 440/4 | €1,330 | €325,328 | +€323,998 | +24,364% |
| Taxes, remuneration and social security | 45 | - | €7,611 | +€7,611 | |
| Taxes | 450/3 | - | €7,611 | +€7,611 | |
| Other amounts payable | 47/48 | €100,820 | €100,661 | -€159 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,869 | €80,638 | +€31,769 | +65.0% |
| Other operating charges | 640/8 | €4,133 | €7,179 | +€3,047 | +73.7% |
| Gross operating margin | 9900 | €116,857 | €153,373 | +€36,516 | +31.2% |
| Operating profit (loss) | 9901 | €63,856 | €65,556 | +€1,700 | +2.7% |
| Financial income | 75/76B | €7 | €14 | +€7 | +102% |
| Recurring financial income | 75 | €7 | €14 | +€7 | +102% |
| Financial charges | 65/66B | €1,578 | €1,624 | +€46 | +2.9% |
| Recurring financial charges | 65 | €1,578 | €1,624 | +€46 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €62,285 | €63,947 | +€1,661 | +2.7% |
| Income taxes | 67/77 | €15,705 | €21,364 | +€5,659 | +36.0% |
| Profit (loss) for the period | 9904 | €46,580 | €42,583 | -€3,997 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,580 | €42,583 | -€3,997 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.