DIFFERO: 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.
DIFFERO
Largest movements
- Cash +€3.4m
up €3.4m (+144%), from €2.3m to €5.7m
mainly Net result for the year (+€4.8m) and Other debts (+€1.2m)
- Financial fixed assets +€395,887
up €395,887 (+5.0%), from €8.0m to €8.4m
- Tangible fixed assets +€290,365
up €290,365 (+25.5%), from €1.1m to €1.4m
of which Land and buildings: +€252,786
- Reserves +€2.6m
up €2.6m (+44.6%), from €5.8m to €8.4m
- Other debts +€1.2m
up €1.2m, from €0 to €1.2m
- Debts after one year -€661,674
down €661,674 (-17.3%), from €3.8m to €3.2m
- Tax, wage and social debts +€540,446
up €540,446 (+1,583%), from €34,142 to €574,589
- Current portion of long-term debt +€438,474
new in 2025: €438,474
- Financial income +€4.2m
up €4.2m (+372%), from €1.1m to €5.4m
- Taxes +€443,223
up €443,223 (+1,298%), from €34,142 to €477,365
- Gross operating margin +€52,751
up €52,751, from -€19,551 to €33,200
- Financial charges -€36,451
down €36,451 (-68.4%), from €53,294 to €16,843
- Depreciation +€34,211
up €34,211 (+41.7%), from €82,111 to €116,322
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 | €11,518,706 | €15,642,176 | +€4.1m | +35.8% |
| Fixed assets | 21/28 | €9,129,583 | €9,815,836 | +€686,253 | +7.5% |
| Tangible fixed assets | 22/27 | €1,139,708 | €1,430,073 | +€290,365 | +25.5% |
| Land and buildings | 22 | €899,742 | €1,152,528 | +€252,786 | +28.1% |
| Plant, machinery and equipment | 23 | €8,416 | €17,860 | +€9,443 | +112% |
| Furniture and vehicles | 24 | €231,549 | €259,685 | +€28,136 | +12.2% |
| Financial fixed assets | 28 | €7,989,875 | €8,385,762 | +€395,887 | +5.0% |
| Current assets | 29/58 | €2,389,123 | €5,826,340 | +€3.4m | +144% |
| Amounts receivable after more than one year | 29 | - | €65,625 | +€65,625 | |
| Other amounts receivable | 291 | - | €65,625 | +€65,625 | |
| Amounts receivable within one year | 40/41 | €52,208 | €60,628 | +€8,421 | +16.1% |
| Trade receivables | 40 | €14,673 | €16,564 | +€1,891 | +12.9% |
| Other amounts receivable | 41 | €37,535 | €44,064 | +€6,529 | +17.4% |
| Cash at bank and in hand | 54/58 | €2,331,254 | €5,696,938 | +€3.4m | +144% |
| Deferred charges and accrued income | 490/1 | €5,661 | €3,149 | -€2,512 | -44.4% |
| Total equity and liabilities | 10/49 | €11,518,706 | €15,642,176 | +€4.1m | +35.8% |
| Equity | 10/15 | €7,646,825 | €10,235,300 | +€2.6m | +33.9% |
| Contributions | 10/11 | €1,846,896 | €1,846,896 | = | 0.0% |
| Reserves | 13 | €5,799,930 | €8,388,405 | +€2.6m | +44.6% |
| Distributable reserves | 133 | €5,799,930 | €8,388,405 | +€2.6m | +44.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,871,880 | €5,406,876 | +€1.5m | +39.6% |
| Amounts payable after more than one year | 17 | €3,818,804 | €3,157,130 | -€661,674 | -17.3% |
| Financial debts | 170/4 | €3,818,804 | €3,157,130 | -€661,674 | -17.3% |
| Amounts payable within one year | 42/48 | €53,077 | €2,249,746 | +€2.2m | +4,139% |
| Current portion of amounts payable after more than one year | 42 | - | €438,474 | +€438,474 | |
| Trade debts | 44 | €18,934 | €1,683 | -€17,251 | -91.1% |
| Suppliers | 440/4 | €18,934 | €1,683 | -€17,251 | -91.1% |
| Taxes, remuneration and social security | 45 | €34,142 | €574,589 | +€540,446 | +1,583% |
| Taxes | 450/3 | €34,142 | €574,589 | +€540,446 | +1,583% |
| Other amounts payable | 47/48 | €0 | €1,235,000 | +€1.2m | |
| Non-recurring operating income | 76A | €13,223 | €0 | -€13,223 | -100% |
| Remuneration, social security and pensions | 62 | - | €246 | +€246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,111 | €116,322 | +€34,211 | +41.7% |
| Other operating charges | 640/8 | €16,754 | €13,746 | -€3,008 | -18.0% |
| Gross operating margin | 9900 | -€19,551 | €33,200 | +€52,751 | |
| Operating profit (loss) | 9901 | -€118,416 | -€97,114 | +€21,303 | +18.0% |
| Financial income | 75/76B | €1,135,293 | €5,361,797 | +€4.2m | +372% |
| Recurring financial income | 75 | €1,135,293 | €5,361,797 | +€4.2m | +372% |
| Financial charges | 65/66B | €53,294 | €16,843 | -€36,451 | -68.4% |
| Recurring financial charges | 65 | €53,294 | €16,843 | -€36,451 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €963,584 | €5,247,840 | +€4.3m | +445% |
| Income taxes | 67/77 | €34,142 | €477,365 | +€443,223 | +1,298% |
| Profit (loss) for the period | 9904 | €929,441 | €4,770,475 | +€3.8m | +413% |
| Profit (loss) for the period to be appropriated | 9905 | €929,441 | €4,770,475 | +€3.8m | +413% |
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 17 October 2026 via checked.be.