DEFCARE: 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.
DEFCARE
Largest movements
- Receivables within one year +€73,673
up €73,673 (+328.4%), from €22,431 to €96,104
of which Other amounts receivable: +€77,998
- Tangible fixed assets +€49,293
up €49,293 (+60.6%), from €81,304 to €130,597
of which Furniture and vehicles: +€60,528
- Stocks and contracts -€42,932
down €42,932 (-45.8%), from €93,679 to €50,747
- Cash +€37,347
up €37,347 (+64.7%), from €57,762 to €95,109
mainly Net result for the year (+€48,861) and Stocks and contracts (+€42,932)
- Reserves +€47,500
up €47,500 (+32.2%), from €147,500 to €195,000
- Trade debts +€20,762
up €20,762 (+92.9%), from €22,349 to €43,112
- Debts after one year +€15,767
up €15,767 (+76.1%), from €20,719 to €36,486
- Tax, wage and social debts +€15,651
up €15,651 (+111.5%), from €14,033 to €29,683
- Other debts +€11,771
up €11,771 (+28.7%), from €41,051 to €52,823
- Gross operating margin +€23,634
up €23,634 (+32.1%), from €73,712 to €97,346
- Depreciation +€8,716
up €8,716 (+39.5%), from €22,074 to €30,790
- Financial income -€2,693
no longer reported in 2025 (was €2,693)
- Financial charges +€1,448
up €1,448 (+62.1%), from €2,333 to €3,781
- Other operating charges +€1,105
up €1,105 (+68.7%), from €1,607 to €2,712
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 | €261,101 | €379,544 | +€118,443 | +45.4% |
| Fixed assets | 21/28 | €87,229 | €136,522 | +€49,293 | +56.5% |
| Tangible fixed assets | 22/27 | €81,304 | €130,597 | +€49,293 | +60.6% |
| Plant, machinery and equipment | 23 | €33,965 | €23,710 | -€10,256 | -30.2% |
| Furniture and vehicles | 24 | €44,072 | €104,601 | +€60,528 | +137.3% |
| Other tangible fixed assets | 26 | €3,267 | €2,287 | -€980 | -30.0% |
| Financial fixed assets | 28 | €5,925 | €5,925 | = | 0.0% |
| Current assets | 29/58 | €173,871 | €243,022 | +€69,150 | +39.8% |
| Stocks and contracts in progress | 3 | €93,679 | €50,747 | -€42,932 | -45.8% |
| Stocks | 30/36 | €93,679 | €50,747 | -€42,932 | -45.8% |
| Amounts receivable within one year | 40/41 | €22,431 | €96,104 | +€73,673 | +328.4% |
| Trade receivables | 40 | €20,429 | €16,104 | -€4,325 | -21.2% |
| Other amounts receivable | 41 | €2,002 | €80,000 | +€77,998 | +3896.0% |
| Cash at bank and in hand | 54/58 | €57,762 | €95,109 | +€37,347 | +64.7% |
| Deferred charges and accrued income | 490/1 | - | €1,062 | +€1,062 | |
| Total equity and liabilities | 10/49 | €261,101 | €379,544 | +€118,443 | +45.4% |
| Equity | 10/15 | €150,105 | €198,133 | +€48,028 | +32.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €147,500 | €195,000 | +€47,500 | +32.2% |
| Distributable reserves | 133 | €147,500 | €195,000 | +€47,500 | +32.2% |
| Profit (loss) carried forward | 14 | €105 | €633 | +€528 | +500.4% |
| Amounts payable | 17/49 | €110,995 | €181,410 | +€70,415 | +63.4% |
| Amounts payable after more than one year | 17 | €20,719 | €36,486 | +€15,767 | +76.1% |
| Financial debts | 170/4 | €20,719 | €36,486 | +€15,767 | +76.1% |
| Amounts payable within one year | 42/48 | €90,276 | €144,925 | +€54,648 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €12,843 | €19,307 | +€6,464 | +50.3% |
| Trade debts | 44 | €22,349 | €43,112 | +€20,762 | +92.9% |
| Suppliers | 440/4 | €22,349 | €43,112 | +€20,762 | +92.9% |
| Taxes, remuneration and social security | 45 | €14,033 | €29,683 | +€15,651 | +111.5% |
| Taxes | 450/3 | €14,033 | €29,683 | +€15,651 | +111.5% |
| Other amounts payable | 47/48 | €41,051 | €52,823 | +€11,771 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,074 | €30,790 | +€8,716 | +39.5% |
| Other operating charges | 640/8 | €1,607 | €2,712 | +€1,105 | +68.7% |
| Gross operating margin | 9900 | €73,712 | €97,346 | +€23,634 | +32.1% |
| Operating profit (loss) | 9901 | €50,031 | €63,844 | +€13,813 | +27.6% |
| Financial income | 75/76B | €2,693 | - | -€2,693 | |
| Recurring financial income | 75 | €2,693 | - | -€2,693 | |
| Financial charges | 65/66B | €2,333 | €3,781 | +€1,448 | +62.1% |
| Recurring financial charges | 65 | €2,333 | €3,781 | +€1,448 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €50,391 | €60,063 | +€9,673 | +19.2% |
| Income taxes | 67/77 | €11,033 | €11,203 | +€170 | +1.5% |
| Profit (loss) for the period | 9904 | €39,358 | €48,861 | +€9,503 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,358 | €48,861 | +€9,503 | +24.1% |
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 10 October 2026 via checked.be.