DEFAM: 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.
DEFAM
Largest movements
- Financial fixed assets -€25,124
no longer reported in 2025 (was €25,124)
- Receivables within one year +€12,599
up €12,599 (+35.2%), from €35,748 to €48,347
of which Other amounts receivable: +€14,645
- Cash -€3,492
down €3,492 (-10.4%), from €33,714 to €30,222
mainly Net result for the year (-€35,565) and Receivables within one year (-€12,599)
- Tangible fixed assets -€2,239
down €2,239 (-18.1%), from €12,357 to €10,118
of which Plant, machinery and equipment: -€1,760
- Profit (loss) carried forward -€35,565
down €35,565 (-86.6%), from €41,077 to €5,512
- Trade debts +€11,212
up €11,212 (+24.9%), from €45,104 to €56,316
- Tax, wage and social debts +€6,096
up €6,096 (+26.8%), from €22,750 to €28,846
of which Remuneration and social security: +€5,779
- Staff costs +€36,923
up €36,923 (+43.1%), from €85,688 to €122,611
- Gross operating margin +€14,428
up €14,428 (+18.0%), from €80,114 to €94,542
- Other operating charges +€1,531
up €1,531 (+79.3%), from €1,930 to €3,461
- Financial charges +€984
up €984 (+121%), from €812 to €1,796
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 | €123,191 | €104,934 | -€18,257 | -14.8% |
| Fixed assets | 21/28 | €37,481 | €10,118 | -€27,363 | -73.0% |
| Tangible fixed assets | 22/27 | €12,357 | €10,118 | -€2,239 | -18.1% |
| Plant, machinery and equipment | 23 | €11,023 | €9,262 | -€1,760 | -16.0% |
| Furniture and vehicles | 24 | €1,334 | €856 | -€478 | -35.8% |
| Financial fixed assets | 28 | €25,124 | - | -€25,124 | |
| Current assets | 29/58 | €85,710 | €94,816 | +€9,106 | +10.6% |
| Stocks and contracts in progress | 3 | €16,247 | €16,247 | = | 0.0% |
| Stocks | 30/36 | €16,247 | €16,247 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,748 | €48,347 | +€12,599 | +35.2% |
| Trade receivables | 40 | €33,852 | €31,805 | -€2,047 | -6.0% |
| Other amounts receivable | 41 | €1,897 | €16,542 | +€14,645 | +772% |
| Cash at bank and in hand | 54/58 | €33,714 | €30,222 | -€3,492 | -10.4% |
| Total equity and liabilities | 10/49 | €123,191 | €104,934 | -€18,257 | -14.8% |
| Equity | 10/15 | €55,337 | €19,772 | -€35,565 | -64.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €41,077 | €5,512 | -€35,565 | -86.6% |
| Amounts payable | 17/49 | €67,854 | €85,162 | +€17,308 | +25.5% |
| Amounts payable within one year | 42/48 | €67,854 | €85,162 | +€17,308 | +25.5% |
| Trade debts | 44 | €45,104 | €56,316 | +€11,212 | +24.9% |
| Suppliers | 440/4 | €45,104 | €56,316 | +€11,212 | +24.9% |
| Taxes, remuneration and social security | 45 | €22,750 | €28,846 | +€6,096 | +26.8% |
| Taxes | 450/3 | €14,171 | €14,489 | +€317 | +2.2% |
| Remuneration and social security | 454/9 | €8,579 | €14,357 | +€5,779 | +67.4% |
| Remuneration, social security and pensions | 62 | €85,688 | €122,611 | +€36,923 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,619 | €2,239 | +€620 | +38.3% |
| Other operating charges | 640/8 | €1,930 | €3,461 | +€1,531 | +79.3% |
| Gross operating margin | 9900 | €80,114 | €94,542 | +€14,428 | +18.0% |
| Operating profit (loss) | 9901 | -€9,123 | -€33,769 | -€24,646 | -270% |
| Financial charges | 65/66B | €812 | €1,796 | +€984 | +121% |
| Recurring financial charges | 65 | €812 | €1,796 | +€984 | +121% |
| Profit (loss) for the period before taxes | 9903 | -€9,935 | -€35,565 | -€25,630 | -258% |
| Profit (loss) for the period | 9904 | -€9,935 | -€35,565 | -€25,630 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,935 | -€35,565 | -€25,630 | -258% |
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 23 October 2026 via checked.be.