DEFATRANS: 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.
DEFATRANS
Largest movements
- Receivables within one year +€166,736
up €166,736 (+123%), from €135,236 to €301,972
of which Trade receivables: +€161,353
- Tangible fixed assets +€134,051
up €134,051 (+82.6%), from €162,279 to €296,330
of which Furniture and vehicles: +€134,330
- Cash -€75,384
down €75,384 (-16.8%), from €448,903 to €373,519
mainly Investment in fixed assets (net) (-€217,800) and Receivables within one year (-€166,736)
- Trade debts +€265,593
up €265,593 (+1,072%), from €24,785 to €290,378
- Tax, wage and social debts -€42,668
down €42,668 (-56.1%), from €76,105 to €33,437
of which Taxes: -€21,915
- Debts after one year -€17,135
down €17,135 (-100%), from €17,135 to €0
- Reserves +€16,983
up €16,983 (+3.5%), from €489,555 to €506,537
of which Distributable reserves: +€16,983
- Profit (loss) carried forward +€11,560
up €11,560, from -€11,560 to €0
- Gross operating margin +€37,851
up €37,851 (+24.3%), from €155,647 to €193,498
- Depreciation -€6,309
down €6,309 (-7.0%), from €90,058 to €83,749
- Staff costs +€3,375
up €3,375 (+5.0%), from €68,114 to €71,489
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 | €763,781 | €998,669 | +€234,888 | +30.8% |
| Fixed assets | 21/28 | €169,214 | €303,265 | +€134,051 | +79.2% |
| Tangible fixed assets | 22/27 | €162,279 | €296,330 | +€134,051 | +82.6% |
| Land and buildings | 22 | €1,773 | €1,493 | -€279 | -15.8% |
| Furniture and vehicles | 24 | €160,507 | €294,837 | +€134,330 | +83.7% |
| Financial fixed assets | 28 | €6,935 | €6,935 | = | 0.0% |
| Current assets | 29/58 | €594,567 | €695,404 | +€100,837 | +17.0% |
| Amounts receivable within one year | 40/41 | €135,236 | €301,972 | +€166,736 | +123% |
| Trade receivables | 40 | €119,986 | €281,340 | +€161,353 | +134% |
| Other amounts receivable | 41 | €15,250 | €20,633 | +€5,383 | +35.3% |
| Cash at bank and in hand | 54/58 | €448,903 | €373,519 | -€75,384 | -16.8% |
| Deferred charges and accrued income | 490/1 | €10,427 | €19,913 | +€9,486 | +91.0% |
| Total equity and liabilities | 10/49 | €763,781 | €998,669 | +€234,888 | +30.8% |
| Equity | 10/15 | €526,594 | €555,137 | +€28,543 | +5.4% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €489,555 | €506,537 | +€16,983 | +3.5% |
| Non-distributable reserves | 130/1 | €4,860 | €4,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,860 | €4,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,849 | €225,849 | = | 0.0% |
| Distributable reserves | 133 | €258,845 | €275,828 | +€16,983 | +6.6% |
| Profit (loss) carried forward | 14 | -€11,560 | €0 | +€11,560 | |
| Amounts payable | 17/49 | €237,186 | €443,532 | +€206,345 | +87.0% |
| Amounts payable after more than one year | 17 | €17,135 | €0 | -€17,135 | -100% |
| Financial debts | 170/4 | €17,135 | €0 | -€17,135 | -100% |
| Amounts payable within one year | 42/48 | €212,051 | €435,434 | +€223,383 | +105% |
| Current portion of amounts payable after more than one year | 42 | €20,312 | €17,135 | -€3,177 | -15.6% |
| Trade debts | 44 | €24,785 | €290,378 | +€265,593 | +1,072% |
| Suppliers | 440/4 | €24,785 | €290,378 | +€265,593 | +1,072% |
| Taxes, remuneration and social security | 45 | €76,105 | €33,437 | -€42,668 | -56.1% |
| Taxes | 450/3 | €25,550 | €3,634 | -€21,915 | -85.8% |
| Remuneration and social security | 454/9 | €50,556 | €29,803 | -€20,753 | -41.0% |
| Other amounts payable | 47/48 | €90,849 | €94,484 | +€3,635 | +4.0% |
| Accrued charges and deferred income | 492/3 | €8,000 | €8,098 | +€98 | +1.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €68,114 | €71,489 | +€3,375 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,058 | €83,749 | -€6,309 | -7.0% |
| Other operating charges | 640/8 | €1,613 | €1,522 | -€91 | -5.6% |
| Gross operating margin | 9900 | €155,647 | €193,498 | +€37,851 | +24.3% |
| Operating profit (loss) | 9901 | -€4,138 | €36,738 | +€40,876 | |
| Financial income | 75/76B | €1,497 | €2,010 | +€513 | +34.2% |
| Recurring financial income | 75 | €1,497 | €2,010 | +€513 | +34.2% |
| Financial charges | 65/66B | €8,720 | €8,323 | -€398 | -4.6% |
| Recurring financial charges | 65 | €8,720 | €8,323 | -€398 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,361 | €30,425 | +€41,786 | |
| Income taxes | 67/77 | €199 | €1,882 | +€1,683 | +846% |
| Profit (loss) for the period | 9904 | -€11,560 | €28,543 | +€40,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,560 | €28,543 | +€40,103 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.