DF PROPERTIES: 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.
DF PROPERTIES
Largest movements
- Current investments +€112,663
up €112,663 (+34.3%), from €328,428 to €441,091
- Tangible fixed assets -€45,843
down €45,843 (-3.7%), from €1.3m to €1.2m
of which Land and buildings: -€45,613
- Profit (loss) carried forward +€50,094
up €50,094 (+4.4%), from -€1.1m to -€1.1m
- Financial charges -€289,431
down €289,431, from €190,182 to -€99,249
- Gross operating margin +€21,472
up €21,472, from -€18,173 to €3,298
- Taxes -€3,751
down €3,751 (-65.4%), from €5,735 to €1,984
- Financial income +€1,658
new in 2025: €1,658
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 | €1,861,568 | €1,926,179 | +€64,610 | +3.5% |
| Fixed assets | 21/28 | €1,255,861 | €1,210,018 | -€45,843 | -3.7% |
| Tangible fixed assets | 22/27 | €1,255,861 | €1,210,018 | -€45,843 | -3.7% |
| Land and buildings | 22 | €1,255,516 | €1,209,903 | -€45,613 | -3.6% |
| Plant, machinery and equipment | 23 | €345 | €115 | -€230 | -66.7% |
| Current assets | 29/58 | €605,707 | €716,161 | +€110,453 | +18.2% |
| Stocks and contracts in progress | 3 | €234,288 | €234,288 | = | 0.0% |
| Stocks | 30/36 | €234,288 | €234,288 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,295 | €34,295 | = | 0.0% |
| Trade receivables | 40 | €34,295 | €34,295 | = | 0.0% |
| Current investments | 50/53 | €328,428 | €441,091 | +€112,663 | +34.3% |
| Cash at bank and in hand | 54/58 | €7,596 | €5,187 | -€2,410 | -31.7% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,300 | +€200 | +18.2% |
| Total equity and liabilities | 10/49 | €1,861,568 | €1,926,179 | +€64,610 | +3.5% |
| Equity | 10/15 | €528,358 | €578,452 | +€50,094 | +9.5% |
| Contributions | 10/11 | €1,663,610 | €1,663,610 | = | 0.0% |
| Capital | 10 | €1,663,610 | €1,663,610 | = | 0.0% |
| Issued capital | 100 | €1,663,610 | €1,663,610 | = | 0.0% |
| Reserves | 13 | €3,636 | €3,636 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,749 | €1,749 | = | 0.0% |
| Legal reserve | 130 | €1,749 | €1,749 | = | 0.0% |
| Distributable reserves | 133 | €1,887 | €1,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,138,887 | -€1,088,794 | +€50,094 | +4.4% |
| Amounts payable | 17/49 | €1,333,210 | €1,347,727 | +€14,517 | +1.1% |
| Amounts payable within one year | 42/48 | €1,332,024 | €1,347,200 | +€15,175 | +1.1% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €29,940 | €29,626 | -€314 | -1.0% |
| Suppliers | 440/4 | €29,940 | €29,626 | -€314 | -1.0% |
| Other amounts payable | 47/48 | €1,002,084 | €1,017,574 | +€15,489 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,186 | €527 | -€659 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,396 | €49,436 | +€40 | +0.1% |
| Other operating charges | 640/8 | €2,695 | €2,692 | -€3 | -0.1% |
| Gross operating margin | 9900 | -€18,173 | €3,298 | +€21,472 | |
| Operating profit (loss) | 9901 | -€70,264 | -€48,829 | +€21,435 | +30.5% |
| Financial income | 75/76B | - | €1,658 | +€1,658 | |
| Recurring financial income | 75 | - | €1,658 | +€1,658 | |
| Financial charges | 65/66B | €190,182 | -€99,249 | -€289,431 | |
| Recurring financial charges | 65 | €190,182 | -€99,249 | -€289,431 | |
| Profit (loss) for the period before taxes | 9903 | -€260,447 | €52,078 | +€312,524 | |
| Income taxes | 67/77 | €5,735 | €1,984 | -€3,751 | -65.4% |
| Profit (loss) for the period | 9904 | -€266,181 | €50,094 | +€316,275 | |
| Profit (loss) for the period to be appropriated | 9905 | -€266,181 | €50,094 | +€316,275 |
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 30 October 2026 via checked.be.