DRFP: 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.
DRFP
Largest movements
- Deferred charges and accrued income +€120,504
up €120,504 (+2698.4%), from €4,466 to €124,970
- Tangible fixed assets +€100,204
up €100,204 (+1926.7%), from €5,201 to €105,405
of which Furniture and vehicles: +€100,595
- Current investments +€11,709
up €11,709 (+585.4%), from €2,000 to €13,709
- Receivables after one year -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Other debts +€112,367
up €112,367 (+9728.7%), from €1,155 to €113,522
- Debts after one year +€66,717
new in 2025: €66,717
- Accrued charges and deferred income +€37,444
up €37,444 (+4992.5%), from €750 to €38,194
- Reserves -€34,203
down €34,203 (-51.9%), from €65,927 to €31,724
- Short-term financial debts +€29,082
up €29,082 (+12232.8%), from €238 to €29,320
- Gross operating margin +€172,719
up €172,719 (+735.6%), from €23,479 to €196,198
- Taxes +€36,165
up €36,165 (+721.8%), from €5,010 to €41,175
- Depreciation +€11,495
up €11,495 (+514.4%), from €2,235 to €13,730
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 | €77,401 | €306,318 | +€228,917 | +295.8% |
| Fixed assets | 21/28 | €5,201 | €105,405 | +€100,204 | +1926.7% |
| Tangible fixed assets | 22/27 | €5,201 | €105,405 | +€100,204 | +1926.7% |
| Plant, machinery and equipment | 23 | €1,524 | €1,133 | -€391 | -25.7% |
| Furniture and vehicles | 24 | €3,677 | €104,272 | +€100,595 | +2735.9% |
| Current assets | 29/58 | €72,200 | €200,913 | +€128,713 | +178.3% |
| Amounts receivable after more than one year | 29 | €5,000 | €0 | -€5,000 | -100.0% |
| Other amounts receivable | 291 | €5,000 | €0 | -€5,000 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Current investments | 50/53 | €2,000 | €13,709 | +€11,709 | +585.4% |
| Cash at bank and in hand | 54/58 | €60,734 | €59,735 | -€999 | -1.6% |
| Deferred charges and accrued income | 490/1 | €4,466 | €124,970 | +€120,504 | +2698.4% |
| Total equity and liabilities | 10/49 | €77,401 | €306,318 | +€228,917 | +295.8% |
| Equity | 10/15 | €66,927 | €32,724 | -€34,203 | -51.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €65,927 | €31,724 | -€34,203 | -51.9% |
| Distributable reserves | 133 | €65,927 | €31,724 | -€34,203 | -51.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,473 | €273,594 | +€263,120 | +2512.3% |
| Amounts payable after more than one year | 17 | - | €66,717 | +€66,717 | |
| Financial debts | 170/4 | - | €66,717 | +€66,717 | |
| Amounts payable within one year | 42/48 | €9,723 | €168,683 | +€158,959 | +1634.8% |
| Current portion of amounts payable after more than one year | 42 | - | €24,526 | +€24,526 | |
| Financial debts | 43 | €238 | €29,320 | +€29,082 | +12232.8% |
| Credit institutions | 430/8 | €238 | €29,320 | +€29,082 | +12232.8% |
| Trade debts | 44 | €3,831 | €1,315 | -€2,516 | -65.7% |
| Suppliers | 440/4 | €3,831 | €1,315 | -€2,516 | -65.7% |
| Taxes, remuneration and social security | 45 | €4,500 | €0 | -€4,500 | -100.0% |
| Taxes | 450/3 | €4,500 | €0 | -€4,500 | -100.0% |
| Other amounts payable | 47/48 | €1,155 | €113,522 | +€112,367 | +9728.7% |
| Accrued charges and deferred income | 492/3 | €750 | €38,194 | +€37,444 | +4992.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €13,730 | +€11,495 | +514.4% |
| Other operating charges | 640/8 | €189 | €860 | +€671 | +355.4% |
| Gross operating margin | 9900 | €23,479 | €196,198 | +€172,719 | +735.6% |
| Operating profit (loss) | 9901 | €21,055 | €181,608 | +€160,553 | +762.5% |
| Financial income | 75/76B | €127 | €412 | +€285 | +223.6% |
| Recurring financial income | 75 | €127 | €412 | +€285 | +223.6% |
| Financial charges | 65/66B | €3,381 | €5,048 | +€1,666 | +49.3% |
| Recurring financial charges | 65 | €3,381 | €5,048 | +€1,666 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €17,802 | €176,972 | +€159,171 | +894.1% |
| Income taxes | 67/77 | €5,010 | €41,175 | +€36,165 | +721.8% |
| Profit (loss) for the period | 9904 | €12,791 | €135,797 | +€123,006 | +961.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,791 | €135,797 | +€123,006 | +961.6% |
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 10 October 2026 via checked.be.