DEFAKTO: 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.
DEFAKTO
Largest movements
- Cash -€84,666
down €84,666 (-67.6%), from €125,258 to €40,592
mainly Other debts (-€52,383) and Net result for the year (-€41,228)
- Tangible fixed assets -€15,868
down €15,868 (-15.1%), from €104,942 to €89,074
- Receivables within one year -€7,540
down €7,540 (-14.1%), from €53,590 to €46,050
of which Other amounts receivable: -€8,871
- Other debts -€52,383
down €52,383 (-100%), from €52,383 to €0
- Profit (loss) carried forward -€41,228
down €41,228, from €0 to -€41,228
- Accrued charges and deferred income -€7,865
down €7,865 (-100%), from €7,865 to €0
- Debts after one year -€7,102
down €7,102 (-85.4%), from €8,313 to €1,211
- Gross operating margin -€57,710
down €57,710, from €32,254 to -€25,456
- Financial charges -€8,183
down €8,183 (-93.4%), from €8,765 to €582
- Taxes -€2,844
down €2,844 (-99.3%), from €2,865 to €21
- Depreciation +€402
up €402 (+2.6%), from €15,466 to €15,868
- Financial income +€367
up €367 (+44.6%), from €824 to €1,191
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 | €287,534 | €179,459 | -€108,074 | -37.6% |
| Fixed assets | 21/28 | €107,542 | €91,674 | -€15,868 | -14.8% |
| Tangible fixed assets | 22/27 | €104,942 | €89,074 | -€15,868 | -15.1% |
| Land and buildings | 22 | €43,322 | €37,411 | -€5,911 | -13.6% |
| Furniture and vehicles | 24 | €11,360 | €8,587 | -€2,773 | -24.4% |
| Other tangible fixed assets | 26 | €50,260 | €43,076 | -€7,184 | -14.3% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €179,992 | €87,786 | -€92,206 | -51.2% |
| Amounts receivable within one year | 40/41 | €53,590 | €46,050 | -€7,540 | -14.1% |
| Trade receivables | 40 | - | €1,331 | +€1,331 | |
| Other amounts receivable | 41 | €53,590 | €44,719 | -€8,871 | -16.6% |
| Cash at bank and in hand | 54/58 | €125,258 | €40,592 | -€84,666 | -67.6% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,144 | = | 0.0% |
| Total equity and liabilities | 10/49 | €287,534 | €179,459 | -€108,074 | -37.6% |
| Equity | 10/15 | €210,904 | €169,676 | -€41,228 | -19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €204,704 | €204,704 | +€0 | 0.0% |
| Distributable reserves | 133 | €204,704 | €204,704 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€41,228 | -€41,228 | |
| Amounts payable | 17/49 | €76,630 | €9,784 | -€66,846 | -87.2% |
| Amounts payable after more than one year | 17 | €8,313 | €1,211 | -€7,102 | -85.4% |
| Financial debts | 170/4 | €8,313 | €1,211 | -€7,102 | -85.4% |
| Amounts payable within one year | 42/48 | €60,451 | €8,573 | -€51,879 | -85.8% |
| Current portion of amounts payable after more than one year | 42 | €6,828 | €7,102 | +€274 | +4.0% |
| Trade debts | 44 | €1,241 | €1,471 | +€230 | +18.6% |
| Suppliers | 440/4 | €1,241 | €1,471 | +€230 | +18.6% |
| Other amounts payable | 47/48 | €52,383 | €0 | -€52,383 | -100% |
| Accrued charges and deferred income | 492/3 | €7,865 | €0 | -€7,865 | -100% |
| Non-recurring operating income | 76A | €30,500 | €0 | -€30,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,466 | €15,868 | +€402 | +2.6% |
| Other operating charges | 640/8 | €438 | €491 | +€53 | +12.2% |
| Gross operating margin | 9900 | €32,254 | -€25,456 | -€57,710 | |
| Operating profit (loss) | 9901 | €16,349 | -€41,816 | -€58,165 | |
| Financial income | 75/76B | €824 | €1,191 | +€367 | +44.6% |
| Recurring financial income | 75 | €824 | €1,191 | +€367 | +44.6% |
| Financial charges | 65/66B | €8,765 | €582 | -€8,183 | -93.4% |
| Recurring financial charges | 65 | €8,765 | €582 | -€8,183 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €8,408 | -€41,207 | -€49,615 | |
| Income taxes | 67/77 | €2,865 | €21 | -€2,844 | -99.3% |
| Profit (loss) for the period | 9904 | €5,544 | -€41,228 | -€46,772 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,544 | -€41,228 | -€46,772 |
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.