DPFW: 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.
DPFW
Largest movements
- Tangible fixed assets +€39,469
up €39,469 (+425.3%), from €9,280 to €48,749
of which Furniture and vehicles: +€41,553
- Cash -€4,405
down €4,405 (-3.0%), from €145,371 to €140,966
mainly Contributions, distributions and other (-€192,582) and Investment in fixed assets (net) (-€56,599)
- Other debts +€142,467
up €142,467 (+2167.5%), from €6,573 to €149,040
- Reserves -€104,565
no longer reported in 2025 (was €104,565)
- Depreciation +€8,363
up €8,363 (+95.4%), from €8,767 to €17,130
- Gross operating margin +€3,350
up €3,350 (+2.6%), from €130,082 to €133,432
- Financial charges +€1,377
up €1,377 (+404.0%), from €341 to €1,718
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 | €155,102 | €190,606 | +€35,504 | +22.9% |
| Fixed assets | 21/28 | €9,280 | €48,749 | +€39,469 | +425.3% |
| Tangible fixed assets | 22/27 | €9,280 | €48,749 | +€39,469 | +425.3% |
| Plant, machinery and equipment | 23 | €4,062 | €1,978 | -€2,084 | -51.3% |
| Furniture and vehicles | 24 | €5,218 | €46,771 | +€41,553 | +796.3% |
| Current assets | 29/58 | €145,822 | €141,857 | -€3,965 | -2.7% |
| Amounts receivable within one year | 40/41 | €120 | - | -€120 | |
| Trade receivables | 40 | €120 | - | -€120 | |
| Cash at bank and in hand | 54/58 | €145,371 | €140,966 | -€4,405 | -3.0% |
| Deferred charges and accrued income | 490/1 | €332 | €891 | +€559 | +168.5% |
| Total equity and liabilities | 10/49 | €155,102 | €190,606 | +€35,504 | +22.9% |
| Equity | 10/15 | €109,565 | €5,000 | -€104,565 | -95.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,565 | - | -€104,565 | |
| Distributable reserves | 133 | €104,565 | - | -€104,565 | |
| Amounts payable | 17/49 | €45,536 | €185,606 | +€140,069 | +307.6% |
| Amounts payable within one year | 42/48 | €45,536 | €185,606 | +€140,069 | +307.6% |
| Current portion of amounts payable after more than one year | 42 | €1,614 | - | -€1,614 | |
| Trade debts | 44 | €1,328 | €821 | -€507 | -38.2% |
| Suppliers | 440/4 | €1,328 | €821 | -€507 | -38.2% |
| Taxes, remuneration and social security | 45 | €36,022 | €35,745 | -€277 | -0.8% |
| Taxes | 450/3 | €36,022 | €35,745 | -€277 | -0.8% |
| Other amounts payable | 47/48 | €6,573 | €149,040 | +€142,467 | +2167.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,767 | €17,130 | +€8,363 | +95.4% |
| Other operating charges | 640/8 | €62 | €859 | +€797 | +1285.5% |
| Gross operating margin | 9900 | €130,082 | €133,432 | +€3,350 | +2.6% |
| Operating profit (loss) | 9901 | €121,253 | €115,443 | -€5,810 | -4.8% |
| Financial income | 75/76B | €181 | €0 | -€181 | -100.0% |
| Recurring financial income | 75 | €181 | €0 | -€181 | -100.0% |
| Financial charges | 65/66B | €341 | €1,718 | +€1,377 | +404.0% |
| Recurring financial charges | 65 | €341 | €1,718 | +€1,377 | +404.0% |
| Profit (loss) for the period before taxes | 9903 | €121,093 | €113,725 | -€7,368 | -6.1% |
| Income taxes | 67/77 | €26,147 | €25,708 | -€439 | -1.7% |
| Profit (loss) for the period | 9904 | €94,946 | €88,017 | -€6,929 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,946 | €88,017 | -€6,929 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.