DefenseWise: 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.
DefenseWise
Largest movements
- Cash -€21,939
down €21,939 (-19.2%), from €114,374 to €92,435
mainly Net result for the year (-€21,127) and Deferred charges and accrued income (-€20,006)
- Deferred charges and accrued income +€20,006
up €20,006 (+939.5%), from €2,129 to €22,136
- Receivables within one year +€5,094
up €5,094 (+905.4%), from €563 to €5,657
of which Trade receivables: +€5,328
- Profit (loss) carried forward -€21,127
down €21,127 (-529.4%), from -€3,991 to -€25,118
- Trade debts +€16,378
up €16,378 (+27147.6%), from €60 to €16,438
- Other debts +€6,715
up €6,715 (+6.0%), from €111,911 to €118,626
- Gross operating margin -€12,337
down €12,337 (-752.3%), from -€1,640 to -€13,977
- Financial charges +€4,831
up €4,831 (+251.8%), from €1,919 to €6,750
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 | €117,981 | €121,143 | +€3,162 | +2.7% |
| Fixed assets | 21/28 | €915 | €915 | = | 0.0% |
| Financial fixed assets | 28 | €915 | €915 | = | 0.0% |
| Current assets | 29/58 | €117,066 | €120,228 | +€3,162 | +2.7% |
| Amounts receivable within one year | 40/41 | €563 | €5,657 | +€5,094 | +905.4% |
| Trade receivables | 40 | €329 | €5,657 | +€5,328 | +1618.4% |
| Other amounts receivable | 41 | €233 | - | -€233 | |
| Cash at bank and in hand | 54/58 | €114,374 | €92,435 | -€21,939 | -19.2% |
| Deferred charges and accrued income | 490/1 | €2,129 | €22,136 | +€20,006 | +939.5% |
| Total equity and liabilities | 10/49 | €117,981 | €121,143 | +€3,162 | +2.7% |
| Equity | 10/15 | €6,009 | -€15,118 | -€21,127 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,991 | -€25,118 | -€21,127 | -529.4% |
| Amounts payable | 17/49 | €111,972 | €136,260 | +€24,288 | +21.7% |
| Amounts payable within one year | 42/48 | €111,972 | €136,260 | +€24,288 | +21.7% |
| Trade debts | 44 | €60 | €16,438 | +€16,378 | +27147.6% |
| Suppliers | 440/4 | €60 | €16,438 | +€16,378 | +27147.6% |
| Taxes, remuneration and social security | 45 | - | €1,196 | +€1,196 | |
| Taxes | 450/3 | - | €1,196 | +€1,196 | |
| Other amounts payable | 47/48 | €111,911 | €118,626 | +€6,715 | +6.0% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€1,640 | -€13,977 | -€12,337 | -752.3% |
| Operating profit (loss) | 9901 | -€2,077 | -€14,376 | -€12,299 | -592.1% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,919 | €6,750 | +€4,831 | +251.8% |
| Recurring financial charges | 65 | €1,919 | €6,750 | +€4,831 | +251.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,991 | -€21,127 | -€17,136 | -429.4% |
| Profit (loss) for the period | 9904 | -€3,991 | -€21,127 | -€17,136 | -429.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,991 | -€21,127 | -€17,136 | -429.4% |
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 6 October 2026 via checked.be.