DEEFAKKER: 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.
What changed
DEEFAKKER
NACE 68.202, Real estate activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€83,943
2024 · -€71,557-€12,386
Equity
€947,328
2024 · €1.0m-€83,943
Cash
€8,627
2024 · €768+€7,858
Balance sheet total
€3.7m
2024 · €2.4m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+70.7%), from €1.8m to €3.1m
of which Assets under construction and advance payments: +€1.3m
- Receivables after one year -€111,634
down €111,634 (-25.8%), from €431,910 to €320,277
- Receivables within one year +€38,169
up €38,169 (+19.5%), from €195,693 to €233,862
of which Other amounts receivable: +€36,969
Equity and liabilities
- Debts after one year +€757,783
up €757,783 (+135.1%), from €560,807 to €1.3m
- Other debts +€476,393
up €476,393 (+92.3%), from €516,135 to €992,528
- Profit (loss) carried forward -€83,943
down €83,943 (-87.5%), from -€95,929 to -€179,871
- Current portion of long-term debt +€74,056
new in 2025: €74,056
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
-€71,557
Other operating charges
+€309
Other operating items
+€5,422
Financial income
-€4,714
Financial charges
-€13,402
Result 2025
-€83,943
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.
From operations
+€467,181
Investment
-€1.3m
Financing
+€831,706
Cash 2024
€768
From operations (derived)
+€467,181
Net result for the year
-€83,943
Depreciation
+€12,512
Receivables after one year
+€111,634
Receivables within one year
-€38,169
Trade debts
-€31,714
Tax, wage and social debts
-€9,864
Other debts
+€476,393
Accrued charges and deferred income
+€30,332
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€831,706
Debts after one year
+€757,783
Current portion of long-term debt
+€74,056
Short-term financial debts
-€132
Cash 2025
€8,627
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,437,337 | €3,650,248 | +€1.2m | +49.8% |
| Fixed assets | 21/28 | €1,808,965 | €3,087,483 | +€1.3m | +70.7% |
| Tangible fixed assets | 22/27 | €1,808,965 | €3,087,483 | +€1.3m | +70.7% |
| Land and buildings | 22 | €368,832 | €356,320 | -€12,512 | -3.4% |
| Assets under construction and advance payments | 27 | €1,440,134 | €2,731,162 | +€1.3m | +89.6% |
| Current assets | 29/58 | €628,372 | €562,765 | -€65,606 | -10.4% |
| Amounts receivable after more than one year | 29 | €431,910 | €320,277 | -€111,634 | -25.8% |
| Other amounts receivable | 291 | €431,910 | €320,277 | -€111,634 | -25.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €195,693 | €233,862 | +€38,169 | +19.5% |
| Trade receivables | 40 | €0 | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | €195,693 | €232,662 | +€36,969 | +18.9% |
| Cash at bank and in hand | 54/58 | €768 | €8,627 | +€7,858 | +1022.6% |
| Total equity and liabilities | 10/49 | €2,437,337 | €3,650,248 | +€1.2m | +49.8% |
| Equity | 10/15 | €1,031,271 | €947,328 | -€83,943 | -8.1% |
| Contributions | 10/11 | €633,745 | €633,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,929 | -€179,871 | -€83,943 | -87.5% |
| Investment grants | 15 | €493,454 | €493,454 | = | 0.0% |
| Provisions and deferred taxes | 16 | €164,485 | €164,485 | = | 0.0% |
| Deferred taxes | 168 | €164,485 | €164,485 | = | 0.0% |
| Amounts payable | 17/49 | €1,241,582 | €2,538,435 | +€1.3m | +104.5% |
| Amounts payable after more than one year | 17 | €560,807 | €1,318,591 | +€757,783 | +135.1% |
| Financial debts | 170/4 | €560,807 | €1,318,591 | +€757,783 | +135.1% |
| Credit institutions | 173 | €560,807 | €1,318,591 | +€757,783 | +135.1% |
| Amounts payable within one year | 42/48 | €615,511 | €1,124,249 | +€508,738 | +82.7% |
| Current portion of amounts payable after more than one year | 42 | - | €74,056 | +€74,056 | |
| Financial debts | 43 | €132 | €0 | -€132 | -100.0% |
| Credit institutions | 430/8 | €132 | €0 | -€132 | -100.0% |
| Trade debts | 44 | €84,569 | €52,855 | -€31,714 | -37.5% |
| Suppliers | 440/4 | €84,569 | €52,855 | -€31,714 | -37.5% |
| Taxes, remuneration and social security | 45 | €14,675 | €4,811 | -€9,864 | -67.2% |
| Taxes | 450/3 | €14,675 | €4,811 | -€9,864 | -67.2% |
| Other amounts payable | 47/48 | €516,135 | €992,528 | +€476,393 | +92.3% |
| Accrued charges and deferred income | 492/3 | €65,263 | €95,595 | +€30,332 | +46.5% |
| Operating income | 70/76A | €3,150 | €1,200 | -€1,950 | -61.9% |
| Other operating income | 74 | €3,150 | €1,200 | -€1,950 | -61.9% |
| Operating charges | 60/66A | €60,691 | €53,011 | -€7,681 | -12.7% |
| Services and other goods | 61 | €41,698 | €34,326 | -€7,372 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,512 | €12,512 | = | 0.0% |
| Other operating charges | 640/8 | €6,482 | €6,173 | -€309 | -4.8% |
| Operating profit (loss) | 9901 | -€57,541 | -€51,811 | +€5,731 | +10.0% |
| Financial income | 75/76B | €7,565 | €2,850 | -€4,714 | -62.3% |
| Recurring financial income | 75 | €7,565 | €2,850 | -€4,714 | -62.3% |
| Income from current assets | 751 | €7,565 | €2,845 | -€4,719 | -62.4% |
| Other financial income | 752/9 | - | €5 | +€5 | |
| Financial charges | 65/66B | €21,580 | €34,983 | +€13,402 | +62.1% |
| Recurring financial charges | 65 | €21,580 | €34,983 | +€13,402 | +62.1% |
| Debt charges | 650 | €21,580 | €34,983 | +€13,402 | +62.1% |
| Other financial charges | 652/9 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€71,557 | -€83,943 | -€12,386 | -17.3% |
| Profit (loss) for the period | 9904 | -€71,557 | -€83,943 | -€12,386 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,557 | -€83,943 | -€12,386 | -17.3% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.