DPF MANAGEMENT: 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.
DPF MANAGEMENT
Largest movements
- Cash +€755,957
up €755,957 (+506.0%), from €149,402 to €905,359
mainly Net result for the year (+€777,447) and Stocks and contracts (+€521,669)
- Stocks and contracts -€521,669
down €521,669 (-60.2%), from €866,222 to €344,554
- Receivables within one year +€124,082
up €124,082 (+58.3%), from €212,820 to €336,902
of which Other amounts receivable: +€107,518
- Tangible fixed assets -€20,595
down €20,595 (-29.9%), from €68,806 to €48,211
- Profit (loss) carried forward +€677,447
up €677,447, from €0 to €677,447
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Tax, wage and social debts +€280,028
up €280,028 (+619.4%), from €45,206 to €325,235
of which Taxes: +€279,884
- Trade debts -€241,400
down €241,400 (-69.5%), from €347,572 to €106,171
- Other debts +€21,904
up €21,904 (+24.4%), from €89,757 to €111,661
- Gross operating margin +€991,688
up €991,688 (+752.7%), from €131,743 to €1.1m
- Taxes +€255,631
up €255,631 (+1297.3%), from €19,705 to €275,336
- Financial charges +€25,498
up €25,498 (+93.8%), from €27,186 to €52,684
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 | €1,314,771 | €1,645,483 | +€330,712 | +25.2% |
| Fixed assets | 21/28 | €81,906 | €51,311 | -€30,595 | -37.4% |
| Tangible fixed assets | 22/27 | €68,806 | €48,211 | -€20,595 | -29.9% |
| Furniture and vehicles | 24 | €68,806 | €48,211 | -€20,595 | -29.9% |
| Financial fixed assets | 28 | €13,100 | €3,100 | -€10,000 | -76.3% |
| Current assets | 29/58 | €1,232,865 | €1,594,172 | +€361,307 | +29.3% |
| Stocks and contracts in progress | 3 | €866,222 | €344,554 | -€521,669 | -60.2% |
| Stocks | 30/36 | €866,222 | €344,554 | -€521,669 | -60.2% |
| Amounts receivable within one year | 40/41 | €212,820 | €336,902 | +€124,082 | +58.3% |
| Trade receivables | 40 | €923 | €17,487 | +€16,564 | +1795.1% |
| Other amounts receivable | 41 | €211,897 | €319,415 | +€107,518 | +50.7% |
| Cash at bank and in hand | 54/58 | €149,402 | €905,359 | +€755,957 | +506.0% |
| Deferred charges and accrued income | 490/1 | €4,421 | €7,358 | +€2,937 | +66.4% |
| Total equity and liabilities | 10/49 | €1,314,771 | €1,645,483 | +€330,712 | +25.2% |
| Equity | 10/15 | €20,460 | €697,907 | +€677,447 | +3311.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €677,447 | +€677,447 | |
| Amounts payable | 17/49 | €1,294,311 | €947,576 | -€346,735 | -26.8% |
| Amounts payable after more than one year | 17 | €405,408 | €400,000 | -€5,408 | -1.3% |
| Financial debts | 170/4 | €405,408 | €400,000 | -€5,408 | -1.3% |
| Amounts payable within one year | 42/48 | €888,902 | €547,576 | -€341,326 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €6,368 | €4,509 | -€1,858 | -29.2% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €347,572 | €106,171 | -€241,400 | -69.5% |
| Suppliers | 440/4 | €347,572 | €106,171 | -€241,400 | -69.5% |
| Taxes, remuneration and social security | 45 | €45,206 | €325,235 | +€280,028 | +619.4% |
| Taxes | 450/3 | €44,534 | €324,419 | +€279,884 | +628.5% |
| Remuneration and social security | 454/9 | €672 | €816 | +€144 | +21.4% |
| Other amounts payable | 47/48 | €89,757 | €111,661 | +€21,904 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,682 | €16,820 | +€6,138 | +57.5% |
| Other operating charges | 640/8 | €2,849 | €1,144 | -€1,706 | -59.9% |
| Gross operating margin | 9900 | €131,743 | €1,123,431 | +€991,688 | +752.7% |
| Operating profit (loss) | 9901 | €118,212 | €1,105,467 | +€987,256 | +835.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €27,186 | €52,684 | +€25,498 | +93.8% |
| Recurring financial charges | 65 | €27,186 | €52,684 | +€25,498 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | €91,025 | €1,052,783 | +€961,758 | +1056.6% |
| Income taxes | 67/77 | €19,705 | €275,336 | +€255,631 | +1297.3% |
| Profit (loss) for the period | 9904 | €71,320 | €777,447 | +€706,127 | +990.1% |
| Profit (loss) for the period to be appropriated | 9905 | €71,320 | €777,447 | +€706,127 | +990.1% |
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 9 October 2026 via checked.be.