DIFINVEST: 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.
DIFINVEST
Largest movements
- Receivables within one year +€520,212
up €520,212 (+35.5%), from €1.5m to €2.0m
- Deferred charges and accrued income +€55,586
up €55,586 (+97.9%), from €56,756 to €112,342
- Reserves +€625,982
up €625,982 (+16.6%), from €3.8m to €4.4m
of which Distributable reserves: +€625,982
- Other debts +€217,500
up €217,500 (+1,359%), from €16,000 to €233,500
- Current portion of long-term debt -€215,093
down €215,093 (-72.0%), from €298,933 to €83,841
- Debts after one year -€83,841
down €83,841 (-16.1%), from €519,581 to €435,740
- Financial charges -€16,333
down €16,333 (-45.4%), from €35,994 to €19,661
- Financial income +€13,383
up €13,383 (+1.4%), from €939,953 to €953,336
- Taxes +€8,670
up €8,670 (+10.0%), from €86,584 to €95,254
- Gross operating margin +€1,085
up €1,085 (+5.7%), from €18,865 to €19,949
- Other operating charges +€339
up €339 (+19.2%), from €1,764 to €2,103
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 | €4,758,026 | €5,310,990 | +€552,964 | +11.6% |
| Fixed assets | 21/28 | €2,832,704 | €2,819,918 | -€12,785 | -0.5% |
| Tangible fixed assets | 22/27 | €29,704 | €16,918 | -€12,785 | -43.0% |
| Furniture and vehicles | 24 | €29,704 | €16,918 | -€12,785 | -43.0% |
| Financial fixed assets | 28 | €2,803,000 | €2,803,000 | = | 0.0% |
| Current assets | 29/58 | €1,925,322 | €2,491,072 | +€565,749 | +29.4% |
| Amounts receivable within one year | 40/41 | €1,465,000 | €1,985,212 | +€520,212 | +35.5% |
| Other amounts receivable | 41 | €1,465,000 | €1,985,212 | +€520,212 | +35.5% |
| Cash at bank and in hand | 54/58 | €403,566 | €393,518 | -€10,049 | -2.5% |
| Deferred charges and accrued income | 490/1 | €56,756 | €112,342 | +€55,586 | +97.9% |
| Total equity and liabilities | 10/49 | €4,758,026 | €5,310,990 | +€552,964 | +11.6% |
| Equity | 10/15 | €3,828,075 | €4,454,056 | +€625,982 | +16.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €3,768,075 | €4,394,056 | +€625,982 | +16.6% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €3,762,075 | €4,388,056 | +€625,982 | +16.6% |
| Amounts payable | 17/49 | €929,951 | €856,934 | -€73,017 | -7.9% |
| Amounts payable after more than one year | 17 | €519,581 | €435,740 | -€83,841 | -16.1% |
| Financial debts | 170/4 | €519,581 | €435,740 | -€83,841 | -16.1% |
| Amounts payable within one year | 42/48 | €410,371 | €421,194 | +€10,823 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €298,933 | €83,841 | -€215,093 | -72.0% |
| Trade debts | 44 | - | €1,944 | +€1,944 | |
| Suppliers | 440/4 | - | €1,944 | +€1,944 | |
| Taxes, remuneration and social security | 45 | €95,437 | €101,910 | +€6,472 | +6.8% |
| Taxes | 450/3 | €93,239 | €101,910 | +€8,670 | +9.3% |
| Remuneration and social security | 454/9 | €2,198 | - | -€2,198 | |
| Other amounts payable | 47/48 | €16,000 | €233,500 | +€217,500 | +1,359% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,785 | €12,785 | = | 0.0% |
| Other operating charges | 640/8 | €1,764 | €2,103 | +€339 | +19.2% |
| Gross operating margin | 9900 | €18,865 | €19,949 | +€1,085 | +5.7% |
| Operating profit (loss) | 9901 | €4,316 | €5,061 | +€745 | +17.3% |
| Financial income | 75/76B | €939,953 | €953,336 | +€13,383 | +1.4% |
| Recurring financial income | 75 | €939,953 | €953,336 | +€13,383 | +1.4% |
| Financial charges | 65/66B | €35,994 | €19,661 | -€16,333 | -45.4% |
| Recurring financial charges | 65 | €35,994 | €19,661 | -€16,333 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €908,275 | €938,736 | +€30,461 | +3.4% |
| Income taxes | 67/77 | €86,584 | €95,254 | +€8,670 | +10.0% |
| Profit (loss) for the period | 9904 | €821,691 | €843,482 | +€21,791 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €821,691 | €843,482 | +€21,791 | +2.7% |
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 30 October 2026 via checked.be.