DEF SERVICES: 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.
DEF SERVICES
Largest movements
- Tangible fixed assets +€138,081
up €138,081 (+95.1%), from €145,236 to €283,318
of which Land and buildings: +€152,311
- Cash -€64,405
down €64,405 (-46.0%), from €139,872 to €75,468
mainly Investment in fixed assets (net) (-€173,856) and Receivables within one year (-€22,121)
- Receivables within one year +€22,121
up €22,121 (+5.5%), from €399,061 to €421,182
of which Other amounts receivable: +€46,779
- Debts after one year +€95,388
up €95,388 (+150.8%), from €63,268 to €158,656
- Tax, wage and social debts -€15,613
down €15,613 (-22.7%), from €68,630 to €53,017
of which Remuneration and social security: -€11,449
- Staff costs -€85,662
down €85,662 (-21.6%), from €395,852 to €310,190
- Gross operating margin -€81,155
down €81,155 (-17.5%), from €464,923 to €383,768
- Other operating charges +€17,136
up €17,136 (+636.3%), from €2,693 to €19,829
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 | €684,170 | €781,478 | +€97,308 | +14.2% |
| Fixed assets | 21/28 | €145,236 | €283,318 | +€138,081 | +95.1% |
| Tangible fixed assets | 22/27 | €145,236 | €283,318 | +€138,081 | +95.1% |
| Land and buildings | 22 | €33,218 | €185,529 | +€152,311 | +458.5% |
| Plant, machinery and equipment | 23 | €294 | €2,184 | +€1,890 | +642.1% |
| Furniture and vehicles | 24 | €111,724 | €95,604 | -€16,120 | -14.4% |
| Current assets | 29/58 | €538,933 | €498,160 | -€40,773 | -7.6% |
| Amounts receivable within one year | 40/41 | €399,061 | €421,182 | +€22,121 | +5.5% |
| Trade receivables | 40 | €336,767 | €312,109 | -€24,658 | -7.3% |
| Other amounts receivable | 41 | €62,294 | €109,072 | +€46,779 | +75.1% |
| Cash at bank and in hand | 54/58 | €139,872 | €75,468 | -€64,405 | -46.0% |
| Deferred charges and accrued income | 490/1 | - | €1,511 | +€1,511 | |
| Total equity and liabilities | 10/49 | €684,170 | €781,478 | +€97,308 | +14.2% |
| Equity | 10/15 | €380,964 | €384,735 | +€3,771 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,190 | €296,190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €294,330 | €294,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,174 | €69,945 | +€3,771 | +5.7% |
| Amounts payable | 17/49 | €303,206 | €396,743 | +€93,537 | +30.8% |
| Amounts payable after more than one year | 17 | €63,268 | €158,656 | +€95,388 | +150.8% |
| Financial debts | 170/4 | €63,268 | €158,656 | +€95,388 | +150.8% |
| Amounts payable within one year | 42/48 | €239,937 | €238,086 | -€1,851 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €19,285 | €26,471 | +€7,186 | +37.3% |
| Trade debts | 44 | €152,022 | €158,598 | +€6,576 | +4.3% |
| Suppliers | 440/4 | €152,022 | €158,598 | +€6,576 | +4.3% |
| Taxes, remuneration and social security | 45 | €68,630 | €53,017 | -€15,613 | -22.7% |
| Taxes | 450/3 | €25,660 | €21,496 | -€4,164 | -16.2% |
| Remuneration and social security | 454/9 | €42,970 | €31,521 | -€11,449 | -26.6% |
| Remuneration, social security and pensions | 62 | €395,852 | €310,190 | -€85,662 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,847 | €35,775 | +€2,928 | +8.9% |
| Other operating charges | 640/8 | €2,693 | €19,829 | +€17,136 | +636.3% |
| Non-recurring operating charges | 66A | €103 | - | -€103 | |
| Gross operating margin | 9900 | €464,923 | €383,768 | -€81,155 | -17.5% |
| Operating profit (loss) | 9901 | €33,429 | €17,974 | -€15,455 | -46.2% |
| Financial income | 75/76B | €1,383 | €3,033 | +€1,650 | +119.3% |
| Recurring financial income | 75 | €1,383 | €3,033 | +€1,650 | +119.3% |
| Financial charges | 65/66B | €5,592 | €8,603 | +€3,011 | +53.8% |
| Recurring financial charges | 65 | €5,592 | €8,603 | +€3,011 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €29,220 | €12,404 | -€16,816 | -57.5% |
| Income taxes | 67/77 | €12,062 | €8,633 | -€3,429 | -28.4% |
| Profit (loss) for the period | 9904 | €17,158 | €3,771 | -€13,387 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,158 | €3,771 | -€13,387 | -78.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.