DEF Management: 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.
DEF Management
Largest movements
- Cash +€25,405
up €25,405 (+145.6%), from €17,447 to €42,851
mainly Net result for the year (+€23,792) and Tax, wage and social debts (+€3,424)
- Receivables within one year +€1,988
up €1,988 (+33.6%), from €5,922 to €7,910
- Reserves +€23,792
up €23,792 (+188.3%), from €12,637 to €36,429
- Tax, wage and social debts +€3,424
up €3,424 (+39.0%), from €8,781 to €12,205
- Gross operating margin +€14,443
up €14,443 (+77.0%), from €18,765 to €33,208
- Taxes +€3,253
up €3,253 (+53.1%), from €6,121 to €9,374
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 | €23,368 | €50,761 | +€27,393 | +117.2% |
| Current assets | 29/58 | €23,368 | €50,761 | +€27,393 | +117.2% |
| Amounts receivable within one year | 40/41 | €5,922 | €7,910 | +€1,988 | +33.6% |
| Trade receivables | 40 | €5,922 | €7,910 | +€1,988 | +33.6% |
| Cash at bank and in hand | 54/58 | €17,447 | €42,851 | +€25,405 | +145.6% |
| Total equity and liabilities | 10/49 | €23,368 | €50,761 | +€27,393 | +117.2% |
| Equity | 10/15 | €13,637 | €37,429 | +€23,792 | +174.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,637 | €36,429 | +€23,792 | +188.3% |
| Distributable reserves | 133 | €12,637 | €36,429 | +€23,792 | +188.3% |
| Amounts payable | 17/49 | €9,731 | €13,332 | +€3,601 | +37.0% |
| Amounts payable within one year | 42/48 | €9,731 | €13,332 | +€3,601 | +37.0% |
| Trade debts | 44 | €238 | €483 | +€244 | +102.7% |
| Suppliers | 440/4 | €238 | €483 | +€244 | +102.7% |
| Taxes, remuneration and social security | 45 | €8,781 | €12,205 | +€3,424 | +39.0% |
| Taxes | 450/3 | €8,781 | €12,205 | +€3,424 | +39.0% |
| Other amounts payable | 47/48 | €712 | €645 | -€68 | -9.5% |
| Gross operating margin | 9900 | €18,765 | €33,208 | +€14,443 | +77.0% |
| Operating profit (loss) | 9901 | €18,765 | €33,208 | +€14,443 | +77.0% |
| Financial charges | 65/66B | €7 | €43 | +€36 | +525.2% |
| Recurring financial charges | 65 | €7 | €43 | +€36 | +525.2% |
| Profit (loss) for the period before taxes | 9903 | €18,758 | €33,165 | +€14,407 | +76.8% |
| Income taxes | 67/77 | €6,121 | €9,374 | +€3,253 | +53.1% |
| Profit (loss) for the period | 9904 | €12,637 | €23,792 | +€11,154 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,637 | €23,792 | +€11,154 | +88.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.