T.DIFFUSION: 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.
T.DIFFUSION
Largest movements
- Tangible fixed assets -€848,097
down €848,097 (-21.7%), from €3.9m to €3.1m
- Deferred charges and accrued income +€706,961
up €706,961 (+463.5%), from €152,523 to €859,484
- Debts after one year -€746,666
down €746,666 (-7.4%), from €10.1m to €9.3m
- Trade debts +€302,532
up €302,532 (+18007.9%), from €1,680 to €304,212
- Investment grants +€274,120
up €274,120 (+105.3%), from €260,440 to €534,560
- Profit (loss) carried forward +€141,001
up €141,001 (+85.4%), from -€165,177 to -€24,176
- Gross operating margin -€229,314
down €229,314 (-18.3%), from €1.3m to €1.0m
- Financial income +€128,579
up €128,579 (+36.3%), from €354,038 to €482,617
- Financial charges +€120,654
up €120,654 (+37.8%), from €319,241 to €439,895
- Taxes -€48,240
down €48,240 (-50.0%), from €96,499 to €48,259
- Other operating charges -€27,482
down €27,482 (-99.6%), from €27,582 to €100
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 | €11,879,869 | €11,696,073 | -€183,796 | -1.5% |
| Fixed assets | 21/28 | €11,635,256 | €10,784,089 | -€851,167 | -7.3% |
| Tangible fixed assets | 22/27 | €3,917,186 | €3,069,089 | -€848,097 | -21.7% |
| Land and buildings | 22 | €3,917,186 | €3,069,089 | -€848,097 | -21.7% |
| Financial fixed assets | 28 | €7,718,070 | €7,715,000 | -€3,070 | 0.0% |
| Current assets | 29/58 | €244,613 | €911,984 | +€667,371 | +272.8% |
| Amounts receivable within one year | 40/41 | €11 | €3,742 | +€3,731 | +33918.2% |
| Other amounts receivable | 41 | €11 | €3,742 | +€3,731 | +33918.2% |
| Cash at bank and in hand | 54/58 | €92,079 | €48,758 | -€43,321 | -47.0% |
| Deferred charges and accrued income | 490/1 | €152,523 | €859,484 | +€706,961 | +463.5% |
| Total equity and liabilities | 10/49 | €11,879,869 | €11,696,073 | -€183,796 | -1.5% |
| Equity | 10/15 | €835,804 | €1,250,925 | +€415,121 | +49.7% |
| Contributions | 10/11 | €207,944 | €207,944 | = | 0.0% |
| Capital | 10 | €207,944 | €207,944 | = | 0.0% |
| Issued capital | 100 | €207,944 | €207,944 | = | 0.0% |
| Reserves | 13 | €532,597 | €532,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,795 | €20,795 | = | 0.0% |
| Legal reserve | 130 | €20,795 | €20,795 | = | 0.0% |
| Distributable reserves | 133 | €511,802 | €511,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,177 | -€24,176 | +€141,001 | +85.4% |
| Investment grants | 15 | €260,440 | €534,560 | +€274,120 | +105.3% |
| Amounts payable | 17/49 | €11,044,065 | €10,445,148 | -€598,917 | -5.4% |
| Amounts payable after more than one year | 17 | €10,080,000 | €9,333,334 | -€746,666 | -7.4% |
| Financial debts | 170/4 | €10,080,000 | €9,333,334 | -€746,666 | -7.4% |
| Amounts payable within one year | 42/48 | €850,650 | €1,082,378 | +€231,728 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €746,667 | €746,667 | = | 0.0% |
| Financial debts | 43 | €25,356 | - | -€25,356 | |
| Credit institutions | 430/8 | €25,356 | - | -€25,356 | |
| Trade debts | 44 | €1,680 | €304,212 | +€302,532 | +18007.9% |
| Suppliers | 440/4 | €1,680 | €304,212 | +€302,532 | +18007.9% |
| Taxes, remuneration and social security | 45 | €46,193 | €21,499 | -€24,694 | -53.5% |
| Taxes | 450/3 | €46,193 | €21,499 | -€24,694 | -53.5% |
| Other amounts payable | 47/48 | €30,754 | €10,000 | -€20,754 | -67.5% |
| Accrued charges and deferred income | 492/3 | €113,415 | €29,436 | -€83,979 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €871,636 | €874,464 | +€2,828 | +0.3% |
| Other operating charges | 640/8 | €27,582 | €100 | -€27,482 | -99.6% |
| Gross operating margin | 9900 | €1,250,416 | €1,021,102 | -€229,314 | -18.3% |
| Operating profit (loss) | 9901 | €351,198 | €146,538 | -€204,660 | -58.3% |
| Financial income | 75/76B | €354,038 | €482,617 | +€128,579 | +36.3% |
| Recurring financial income | 75 | €354,038 | €482,617 | +€128,579 | +36.3% |
| Financial charges | 65/66B | €319,241 | €439,895 | +€120,654 | +37.8% |
| Recurring financial charges | 65 | €319,241 | €439,895 | +€120,654 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €385,995 | €189,260 | -€196,735 | -51.0% |
| Income taxes | 67/77 | €96,499 | €48,259 | -€48,240 | -50.0% |
| Profit (loss) for the period | 9904 | €289,496 | €141,001 | -€148,495 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €289,496 | €141,001 | -€148,495 | -51.3% |
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.