DIFFRACT: 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.
DIFFRACT
Largest movements
- Tangible fixed assets +€129,377
up €129,377 (+5.9%), from €2.2m to €2.3m
of which Land and buildings: +€109,110
- Deferred charges and accrued income +€109,494
up €109,494 (+25.4%), from €431,260 to €540,753
- Formation expenses +€43,862
up €43,862 (+340.2%), from €12,892 to €56,754
- Cash -€40,526
down €40,526 (-20.4%), from €199,018 to €158,492
mainly Investment in fixed assets (net) (-€331,755) and Contributions, distributions and other (-€252,858)
- Other debts +€230,555
up €230,555 (+206.5%), from €111,667 to €342,222
- Reserves -€129,095
down €129,095 (-14.6%), from €883,019 to €753,924
of which Distributable reserves: -€129,095
- Debts after one year +€76,392
up €76,392 (+4.6%), from €1.6m to €1.7m
- Trade debts +€35,792
up €35,792 (+80.1%), from €44,692 to €80,484
- Gross operating margin +€52,988
up €52,988 (+11.1%), from €476,984 to €529,971
- Depreciation +€45,919
up €45,919 (+40.8%), from €112,598 to €158,516
- Financial charges +€18,637
up €18,637 (+104.8%), from €17,782 to €36,419
- Taxes +€9,336
up €9,336 (+26.2%), from €35,628 to €44,964
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 | €2,866,256 | €3,108,462 | +€242,206 | +8.5% |
| Formation expenses | 20 | €12,892 | €56,754 | +€43,862 | +340.2% |
| Fixed assets | 21/28 | €2,203,714 | €2,333,091 | +€129,377 | +5.9% |
| Tangible fixed assets | 22/27 | €2,203,714 | €2,333,091 | +€129,377 | +5.9% |
| Land and buildings | 22 | €1,859,201 | €1,968,312 | +€109,110 | +5.9% |
| Plant, machinery and equipment | 23 | €338,311 | €360,010 | +€21,699 | +6.4% |
| Furniture and vehicles | 24 | €6,201 | €4,769 | -€1,432 | -23.1% |
| Current assets | 29/58 | €649,650 | €718,618 | +€68,967 | +10.6% |
| Amounts receivable within one year | 40/41 | €19,372 | €19,372 | = | 0.0% |
| Other amounts receivable | 41 | €19,372 | €19,372 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €199,018 | €158,492 | -€40,526 | -20.4% |
| Deferred charges and accrued income | 490/1 | €431,260 | €540,753 | +€109,494 | +25.4% |
| Total equity and liabilities | 10/49 | €2,866,256 | €3,108,462 | +€242,206 | +8.5% |
| Equity | 10/15 | €901,775 | €772,680 | -€129,095 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €883,019 | €753,924 | -€129,095 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €881,159 | €752,064 | -€129,095 | -14.7% |
| Profit (loss) carried forward | 14 | €156 | €156 | = | 0.0% |
| Amounts payable | 17/49 | €1,964,482 | €2,335,783 | +€371,301 | +18.9% |
| Amounts payable after more than one year | 17 | €1,643,805 | €1,720,197 | +€76,392 | +4.6% |
| Financial debts | 170/4 | €1,643,805 | €1,720,197 | +€76,392 | +4.6% |
| Amounts payable within one year | 42/48 | €312,245 | €591,087 | +€278,841 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €118,214 | €119,780 | +€1,566 | +1.3% |
| Financial debts | 43 | - | €11,798 | +€11,798 | |
| Other loans | 439 | - | €11,798 | +€11,798 | |
| Trade debts | 44 | €44,692 | €80,484 | +€35,792 | +80.1% |
| Suppliers | 440/4 | €44,692 | €80,484 | +€35,792 | +80.1% |
| Taxes, remuneration and social security | 45 | €37,672 | €36,803 | -€869 | -2.3% |
| Taxes | 450/3 | €10,828 | €10,285 | -€543 | -5.0% |
| Remuneration and social security | 454/9 | €26,844 | €26,518 | -€326 | -1.2% |
| Other amounts payable | 47/48 | €111,667 | €342,222 | +€230,555 | +206.5% |
| Accrued charges and deferred income | 492/3 | €8,431 | €24,499 | +€16,068 | +190.6% |
| Remuneration, social security and pensions | 62 | €164,585 | €161,015 | -€3,570 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,598 | €158,516 | +€45,919 | +40.8% |
| Other operating charges | 640/8 | €3,546 | €5,295 | +€1,749 | +49.3% |
| Gross operating margin | 9900 | €476,984 | €529,971 | +€52,988 | +11.1% |
| Operating profit (loss) | 9901 | €196,255 | €205,146 | +€8,891 | +4.5% |
| Financial income | 75/76B | €51 | €1 | -€51 | -99.0% |
| Recurring financial income | 75 | €51 | €1 | -€51 | -99.0% |
| Financial charges | 65/66B | €17,782 | €36,419 | +€18,637 | +104.8% |
| Recurring financial charges | 65 | €17,782 | €36,419 | +€18,637 | +104.8% |
| Profit (loss) for the period before taxes | 9903 | €178,524 | €168,727 | -€9,797 | -5.5% |
| Income taxes | 67/77 | €35,628 | €44,964 | +€9,336 | +26.2% |
| Profit (loss) for the period | 9904 | €142,897 | €123,763 | -€19,133 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €142,897 | €123,763 | -€19,133 | -13.4% |
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 6 October 2026 via checked.be.