Defals Logistics: 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.
Defals Logistics
Largest movements
- Cash +€42,056
up €42,056 (+190.7%), from €22,054 to €64,111
mainly Receivables within one year (+€17,685) and Tax, wage and social debts (+€9,727)
- Receivables within one year -€17,685
down €17,685 (-71.8%), from €24,647 to €6,962
of which Trade receivables: -€20,769
- Tangible fixed assets -€6,564
down €6,564 (-21.3%), from €30,810 to €24,247
of which Other tangible fixed assets: -€3,311
- Tax, wage and social debts +€9,727
up €9,727 (+495.6%), from €1,962 to €11,689
- Profit (loss) carried forward +€9,593
up €9,593 (+18.2%), from €52,711 to €62,304
- Gross operating margin +€5,961
up €5,961 (+38.4%), from €15,529 to €21,490
- Taxes +€1,207
up €1,207 (+52.8%), from €2,285 to €3,492
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 | €81,576 | €99,946 | +€18,371 | +22.5% |
| Fixed assets | 21/28 | €30,810 | €24,247 | -€6,564 | -21.3% |
| Tangible fixed assets | 22/27 | €30,810 | €24,247 | -€6,564 | -21.3% |
| Plant, machinery and equipment | 23 | €10,597 | €7,344 | -€3,253 | -30.7% |
| Other tangible fixed assets | 26 | €20,213 | €16,903 | -€3,311 | -16.4% |
| Current assets | 29/58 | €50,765 | €75,700 | +€24,934 | +49.1% |
| Amounts receivable within one year | 40/41 | €24,647 | €6,962 | -€17,685 | -71.8% |
| Trade receivables | 40 | €24,580 | €3,812 | -€20,769 | -84.5% |
| Other amounts receivable | 41 | €67 | €3,151 | +€3,084 | +4629.0% |
| Cash at bank and in hand | 54/58 | €22,054 | €64,111 | +€42,056 | +190.7% |
| Deferred charges and accrued income | 490/1 | €4,064 | €4,627 | +€563 | +13.8% |
| Total equity and liabilities | 10/49 | €81,576 | €99,946 | +€18,371 | +22.5% |
| Equity | 10/15 | €72,711 | €82,304 | +€9,593 | +13.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,711 | €62,304 | +€9,593 | +18.2% |
| Amounts payable | 17/49 | €8,865 | €17,643 | +€8,778 | +99.0% |
| Amounts payable within one year | 42/48 | €8,865 | €17,643 | +€8,778 | +99.0% |
| Trade debts | 44 | €6,902 | €5,953 | -€949 | -13.7% |
| Suppliers | 440/4 | €6,902 | €5,953 | -€949 | -13.7% |
| Taxes, remuneration and social security | 45 | €1,962 | €11,689 | +€9,727 | +495.6% |
| Taxes | 450/3 | €1,962 | €11,689 | +€9,727 | +495.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,564 | €6,564 | = | 0.0% |
| Other operating charges | 640/8 | €1,273 | €1,328 | +€54 | +4.3% |
| Gross operating margin | 9900 | €15,529 | €21,490 | +€5,961 | +38.4% |
| Operating profit (loss) | 9901 | €7,692 | €13,598 | +€5,907 | +76.8% |
| Financial charges | 65/66B | €490 | €513 | +€23 | +4.8% |
| Recurring financial charges | 65 | €490 | €513 | +€23 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €7,202 | €13,085 | +€5,883 | +81.7% |
| Income taxes | 67/77 | €2,285 | €3,492 | +€1,207 | +52.8% |
| Profit (loss) for the period | 9904 | €4,917 | €9,593 | +€4,676 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,917 | €9,593 | +€4,676 | +95.1% |
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 3 October 2026 via checked.be.