Defeverimmo: 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.
Defeverimmo
Largest movements
- Tangible fixed assets -€569,081
down €569,081 (-63.4%), from €898,118 to €329,038
- Cash -€191,894
down €191,894 (-53.3%), from €359,826 to €167,932
mainly Contributions, distributions and other (-€951,246) and Current investments (-€186,640)
- Current investments +€186,640
up €186,640 (+14.6%), from €1.3m to €1.5m
- Reserves -€708,058
down €708,058 (-36.7%), from €1.9m to €1.2m
of which Distributable reserves: -€600,522
- Tax, wage and social debts +€130,691
up €130,691 (+3,065%), from €4,264 to €134,954
- Provisions -€35,845
down €35,845 (-48.5%), from €73,963 to €38,118
- Accrued charges and deferred income +€31,017
new in 2025: €31,017
- Gross operating margin +€286,830
up €286,830 (+181%), from €158,395 to €445,225
- Taxes +€127,308
up €127,308 (+288%), from €44,199 to €171,507
- Financial income +€49,413
up €49,413 (+214%), from €23,086 to €72,500
- Financial charges +€23,682
up €23,682 (+1,590%), from €1,489 to €25,171
- Depreciation -€14,577
down €14,577 (-49.4%), from €29,534 to €14,957
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 | €2,548,578 | €1,964,857 | -€583,721 | -22.9% |
| Fixed assets | 21/28 | €898,490 | €329,409 | -€569,081 | -63.3% |
| Tangible fixed assets | 22/27 | €898,118 | €329,038 | -€569,081 | -63.4% |
| Land and buildings | 22 | €898,118 | €329,038 | -€569,081 | -63.4% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €1,650,088 | €1,635,448 | -€14,640 | -0.9% |
| Amounts receivable within one year | 40/41 | €2,736 | €3,067 | +€330 | +12.1% |
| Trade receivables | 40 | €435 | €0 | -€435 | -100% |
| Other amounts receivable | 41 | €2,302 | €3,067 | +€765 | +33.2% |
| Current investments | 50/53 | €1,276,353 | €1,462,993 | +€186,640 | +14.6% |
| Cash at bank and in hand | 54/58 | €359,826 | €167,932 | -€191,894 | -53.3% |
| Deferred charges and accrued income | 490/1 | €11,173 | €1,456 | -€9,717 | -87.0% |
| Total equity and liabilities | 10/49 | €2,548,578 | €1,964,857 | -€583,721 | -22.9% |
| Equity | 10/15 | €2,467,748 | €1,759,691 | -€708,058 | -28.7% |
| Contributions | 10/11 | €540,000 | €540,000 | = | 0.0% |
| Capital | 10 | €540,000 | €540,000 | = | 0.0% |
| Issued capital | 100 | €540,000 | €540,000 | = | 0.0% |
| Reserves | 13 | €1,927,748 | €1,219,691 | -€708,058 | -36.7% |
| Non-distributable reserves | 130/1 | €54,000 | €54,000 | = | 0.0% |
| Legal reserve | 130 | €54,000 | €54,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €221,889 | €114,354 | -€107,536 | -48.5% |
| Distributable reserves | 133 | €1,651,859 | €1,051,337 | -€600,522 | -36.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €73,963 | €38,118 | -€35,845 | -48.5% |
| Deferred taxes | 168 | €73,963 | €38,118 | -€35,845 | -48.5% |
| Amounts payable | 17/49 | €6,867 | €167,049 | +€160,182 | +2,333% |
| Amounts payable within one year | 42/48 | €6,867 | €136,032 | +€129,166 | +1,881% |
| Trade debts | 44 | €614 | €569 | -€45 | -7.3% |
| Suppliers | 440/4 | €614 | €569 | -€45 | -7.3% |
| Advances received on contracts in progress | 46 | €1,480 | €0 | -€1,480 | -100% |
| Taxes, remuneration and social security | 45 | €4,264 | €134,954 | +€130,691 | +3,065% |
| Taxes | 450/3 | €4,264 | €134,954 | +€130,691 | +3,065% |
| Other amounts payable | 47/48 | €509 | €509 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €31,017 | +€31,017 | |
| Non-recurring operating income | 76A | €17,226 | €304,188 | +€286,962 | +1,666% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,534 | €14,957 | -€14,577 | -49.4% |
| Other operating charges | 640/8 | €20,348 | €20,892 | +€544 | +2.7% |
| Non-recurring operating charges | 66A | - | €77,856 | +€77,856 | |
| Gross operating margin | 9900 | €158,395 | €445,225 | +€286,830 | +181% |
| Operating profit (loss) | 9901 | €108,513 | €331,520 | +€223,007 | +206% |
| Financial income | 75/76B | €23,086 | €72,500 | +€49,413 | +214% |
| Recurring financial income | 75 | €23,086 | €72,500 | +€49,413 | +214% |
| Financial charges | 65/66B | €1,489 | €25,171 | +€23,682 | +1,590% |
| Recurring financial charges | 65 | €1,489 | €25,171 | +€23,682 | +1,590% |
| Profit (loss) for the period before taxes | 9903 | €130,110 | €378,849 | +€248,739 | +191% |
| Transfer from deferred taxes | 780 | €2,441 | €35,845 | +€33,405 | +1,369% |
| Income taxes | 67/77 | €44,199 | €171,507 | +€127,308 | +288% |
| Profit (loss) for the period | 9904 | €88,352 | €243,188 | +€154,836 | +175% |
| Transfer from tax-exempt reserves | 789 | €7,322 | €107,536 | +€100,214 | +1,369% |
| Profit (loss) for the period to be appropriated | 9905 | €95,674 | €350,724 | +€255,049 | +267% |
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 15 October 2026 via checked.be.