DEFELEK: 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.
DEFELEK
Largest movements
- Cash -€323,001
down €323,001 (-48.8%), from €661,949 to €338,948
mainly Current investments (-€309,343) and Net result for the year (-€10,759)
- Current investments +€309,343
new in 2025: €309,343
- Reserves -€12,425
down €12,425 (-2.2%), from €567,478 to €555,053
of which Distributable reserves: -€10,425
- Gross operating margin -€45,906
down €45,906, from €43,175 to -€2,731
- Taxes -€12,270
down €12,270 (-99.1%), from €12,387 to €117
- Financial charges +€809
up €809 (+16.1%), from €5,026 to €5,835
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 | €664,563 | €651,273 | -€13,290 | -2.0% |
| Fixed assets | 21/28 | €1,252 | €681 | -€571 | -45.6% |
| Tangible fixed assets | 22/27 | €1,252 | €681 | -€571 | -45.6% |
| Plant, machinery and equipment | 23 | €306 | €91 | -€215 | -70.2% |
| Furniture and vehicles | 24 | €946 | €590 | -€356 | -37.7% |
| Current assets | 29/58 | €663,310 | €650,592 | -€12,718 | -1.9% |
| Stocks and contracts in progress | 3 | €256 | €196 | -€60 | -23.4% |
| Stocks | 30/36 | €256 | €196 | -€60 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,106 | €872 | -€234 | -21.1% |
| Trade receivables | 40 | €426 | €426 | = | 0.0% |
| Other amounts receivable | 41 | €680 | €447 | -€234 | -34.3% |
| Current investments | 50/53 | - | €309,343 | +€309,343 | |
| Cash at bank and in hand | 54/58 | €661,949 | €338,948 | -€323,001 | -48.8% |
| Deferred charges and accrued income | 490/1 | - | €1,233 | +€1,233 | |
| Total equity and liabilities | 10/49 | €664,563 | €651,273 | -€13,290 | -2.0% |
| Equity | 10/15 | €577,478 | €565,053 | -€12,425 | -2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €567,478 | €555,053 | -€12,425 | -2.2% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €565,478 | €555,053 | -€10,425 | -1.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,084 | €86,220 | -€865 | -1.0% |
| Amounts payable within one year | 42/48 | €87,084 | €86,220 | -€865 | -1.0% |
| Trade debts | 44 | €1,904 | €889 | -€1,016 | -53.3% |
| Suppliers | 440/4 | €1,904 | €889 | -€1,016 | -53.3% |
| Taxes, remuneration and social security | 45 | €7,384 | €3,138 | -€4,246 | -57.5% |
| Taxes | 450/3 | €7,384 | €3,138 | -€4,246 | -57.5% |
| Other amounts payable | 47/48 | €77,796 | €82,193 | +€4,397 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €571 | +€36 | +6.7% |
| Other operating charges | 640/8 | €1,076 | €1,505 | +€429 | +39.9% |
| Gross operating margin | 9900 | €43,175 | -€2,731 | -€45,906 | |
| Operating profit (loss) | 9901 | €41,564 | -€4,807 | -€46,371 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €5,026 | €5,835 | +€809 | +16.1% |
| Recurring financial charges | 65 | €5,026 | €5,835 | +€809 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €36,538 | -€10,642 | -€47,180 | |
| Income taxes | 67/77 | €12,387 | €117 | -€12,270 | -99.1% |
| Profit (loss) for the period | 9904 | €24,151 | -€10,759 | -€34,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,151 | -€10,759 | -€34,910 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.