Deferm: 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.
Deferm
Largest movements
- Receivables within one year +€32,796
up €32,796 (+284.9%), from €11,510 to €44,306
of which Trade receivables: +€39,591
- Cash +€17,184
up €17,184 (+54.2%), from €31,698 to €48,882
mainly Net result for the year (+€37,938) and Accrued charges and deferred income (+€11,250)
- Tangible fixed assets +€2,059
up €2,059 (+43.1%), from €4,774 to €6,833
of which Plant, machinery and equipment: +€2,787
- Deferred charges and accrued income +€1,924
up €1,924 (+75.0%), from €2,564 to €4,488
- Reserves +€37,900
up €37,900 (+334.6%), from €11,327 to €49,227
of which Distributable reserves: +€37,900
- Accrued charges and deferred income +€11,250
new in 2025: €11,250
- Trade debts +€5,713
up €5,713 (+105.3%), from €5,423 to €11,136
- Other debts -€1,393
down €1,393 (-7.5%), from €18,677 to €17,284
- Gross operating margin +€38,151
up €38,151 (+161.5%), from €23,617 to €61,768
- Taxes +€10,031
up €10,031 (+177.0%), from €5,666 to €15,696
- Financial charges +€2,450
up €2,450 (+2190.4%), from €112 to €2,562
- Depreciation +€647
up €647 (+19.2%), from €3,366 to €4,013
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 | €50,546 | €104,508 | +€53,962 | +106.8% |
| Fixed assets | 21/28 | €4,774 | €6,833 | +€2,059 | +43.1% |
| Tangible fixed assets | 22/27 | €4,774 | €6,833 | +€2,059 | +43.1% |
| Plant, machinery and equipment | 23 | €254 | €3,041 | +€2,787 | +1099.1% |
| Furniture and vehicles | 24 | €4,520 | €3,792 | -€728 | -16.1% |
| Current assets | 29/58 | €45,772 | €97,676 | +€51,904 | +113.4% |
| Amounts receivable within one year | 40/41 | €11,510 | €44,306 | +€32,796 | +284.9% |
| Trade receivables | 40 | €4,715 | €44,306 | +€39,591 | +839.6% |
| Other amounts receivable | 41 | €6,795 | - | -€6,795 | |
| Cash at bank and in hand | 54/58 | €31,698 | €48,882 | +€17,184 | +54.2% |
| Deferred charges and accrued income | 490/1 | €2,564 | €4,488 | +€1,924 | +75.0% |
| Total equity and liabilities | 10/49 | €50,546 | €104,508 | +€53,962 | +106.8% |
| Equity | 10/15 | €11,369 | €49,307 | +€37,938 | +333.7% |
| Reserves | 13 | €11,327 | €49,227 | +€37,900 | +334.6% |
| Tax-exempt reserves | 132 | €1,227 | €1,227 | = | 0.0% |
| Distributable reserves | 133 | €10,100 | €48,000 | +€37,900 | +375.2% |
| Profit (loss) carried forward | 14 | €42 | €80 | +€38 | +90.7% |
| Amounts payable | 17/49 | €39,177 | €55,201 | +€16,025 | +40.9% |
| Amounts payable within one year | 42/48 | €39,177 | €43,951 | +€4,775 | +12.2% |
| Trade debts | 44 | €5,423 | €11,136 | +€5,713 | +105.3% |
| Suppliers | 440/4 | €5,423 | €11,136 | +€5,713 | +105.3% |
| Taxes, remuneration and social security | 45 | €15,077 | €15,531 | +€454 | +3.0% |
| Taxes | 450/3 | €15,077 | €15,531 | +€454 | +3.0% |
| Other amounts payable | 47/48 | €18,677 | €17,284 | -€1,393 | -7.5% |
| Accrued charges and deferred income | 492/3 | - | €11,250 | +€11,250 | |
| Remuneration, social security and pensions | 62 | €225 | €266 | +€41 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,366 | €4,013 | +€647 | +19.2% |
| Other operating charges | 640/8 | €1,220 | €1,293 | +€73 | +6.0% |
| Gross operating margin | 9900 | €23,617 | €61,768 | +€38,151 | +161.5% |
| Operating profit (loss) | 9901 | €18,806 | €56,196 | +€37,390 | +198.8% |
| Financial charges | 65/66B | €112 | €2,562 | +€2,450 | +2190.4% |
| Recurring financial charges | 65 | €112 | €2,562 | +€2,450 | +2190.4% |
| Profit (loss) for the period before taxes | 9903 | €18,694 | €53,634 | +€34,940 | +186.9% |
| Income taxes | 67/77 | €5,666 | €15,696 | +€10,031 | +177.0% |
| Profit (loss) for the period | 9904 | €13,028 | €37,938 | +€24,910 | +191.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,028 | €37,938 | +€24,910 | +191.2% |
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 7 October 2026 via checked.be.