DIFEX: 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.
DIFEX
Largest movements
- Cash -€28,573
down €28,573 (-36.7%), from €77,937 to €49,364
mainly Other debts (-€35,091) and Receivables within one year (-€2,167)
- Receivables within one year +€2,167
up €2,167 (+4.5%), from €47,714 to €49,881
of which Trade receivables: +€25,200
- Tangible fixed assets -€1,597
down €1,597 (-41.7%), from €3,828 to €2,231
of which Other tangible fixed assets: -€920
- Other debts -€35,091
down €35,091 (-97.8%), from €35,892 to €800
- Reserves +€6,952
up €6,952 (+10.3%), from €67,634 to €74,586
of which Non-distributable reserves: +€6,952
- Gross operating margin +€3,225
up €3,225 (+39.3%), from €8,207 to €11,432
- Taxes +€658
up €658 (+33.0%), from €1,995 to €2,653
- Financial income -€418
down €418 (-29.8%), from €1,400 to €982
- Depreciation -€197
down €197 (-8.0%), from €2,479 to €2,282
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 | €130,804 | €102,029 | -€28,775 | -22.0% |
| Fixed assets | 21/28 | €3,828 | €2,231 | -€1,597 | -41.7% |
| Tangible fixed assets | 22/27 | €3,828 | €2,231 | -€1,597 | -41.7% |
| Plant, machinery and equipment | 23 | €767 | €603 | -€164 | -21.4% |
| Furniture and vehicles | 24 | €1,456 | €943 | -€513 | -35.2% |
| Other tangible fixed assets | 26 | €1,606 | €686 | -€920 | -57.3% |
| Current assets | 29/58 | €126,976 | €99,798 | -€27,178 | -21.4% |
| Amounts receivable within one year | 40/41 | €47,714 | €49,881 | +€2,167 | +4.5% |
| Trade receivables | 40 | €24,200 | €49,400 | +€25,200 | +104.1% |
| Other amounts receivable | 41 | €23,514 | €481 | -€23,033 | -98.0% |
| Cash at bank and in hand | 54/58 | €77,937 | €49,364 | -€28,573 | -36.7% |
| Deferred charges and accrued income | 490/1 | €1,325 | €552 | -€772 | -58.3% |
| Total equity and liabilities | 10/49 | €130,804 | €102,029 | -€28,775 | -22.0% |
| Equity | 10/15 | €86,234 | €93,186 | +€6,952 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,634 | €74,586 | +€6,952 | +10.3% |
| Non-distributable reserves | 130/1 | €29,821 | €36,773 | +€6,952 | +23.3% |
| Other | 1319 | €29,821 | €36,773 | +€6,952 | +23.3% |
| Distributable reserves | 133 | €37,813 | €37,813 | = | 0.0% |
| Amounts payable | 17/49 | €44,570 | €8,843 | -€35,727 | -80.2% |
| Amounts payable within one year | 42/48 | €44,570 | €8,843 | -€35,727 | -80.2% |
| Trade debts | 44 | €110 | €65 | -€45 | -40.7% |
| Suppliers | 440/4 | €110 | €65 | -€45 | -40.7% |
| Taxes, remuneration and social security | 45 | €8,569 | €7,978 | -€591 | -6.9% |
| Taxes | 450/3 | €8,569 | €7,978 | -€591 | -6.9% |
| Other amounts payable | 47/48 | €35,892 | €800 | -€35,091 | -97.8% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,479 | €2,282 | -€197 | -8.0% |
| Other operating charges | 640/8 | €387 | €425 | +€38 | +9.7% |
| Gross operating margin | 9900 | €8,207 | €11,432 | +€3,225 | +39.3% |
| Operating profit (loss) | 9901 | €5,341 | €8,725 | +€3,384 | +63.4% |
| Financial income | 75/76B | €1,400 | €982 | -€418 | -29.8% |
| Recurring financial income | 75 | €1,400 | €982 | -€418 | -29.8% |
| Financial charges | 65/66B | €166 | €102 | -€64 | -38.3% |
| Recurring financial charges | 65 | €166 | €102 | -€64 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €6,575 | €9,605 | +€3,030 | +46.1% |
| Income taxes | 67/77 | €1,995 | €2,653 | +€658 | +33.0% |
| Profit (loss) for the period | 9904 | €4,580 | €6,952 | +€2,372 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,580 | €6,952 | +€2,372 | +51.8% |
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 29 September 2026 via checked.be.