DEFI HOME: 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.
DEFI HOME
Largest movements
- Tangible fixed assets +€418,283
new in 2025: €418,283
of which Land and buildings: +€414,378
- Cash -€129,951
down €129,951 (-44.4%), from €292,830 to €162,879
mainly Investment in fixed assets (net) (-€419,684) and Receivables within one year (-€72,328)
- Receivables within one year +€72,328
up €72,328 (+1,941%), from €3,726 to €76,055
of which Other amounts receivable: +€75,717
- Debts after one year +€324,719
new in 2025: €324,719
- Trade debts +€31,066
up €31,066 (+933%), from €3,329 to €34,395
- Current portion of long-term debt +€17,984
new in 2025: €17,984
- Profit (loss) carried forward -€12,859
down €12,859 (-135%), from -€9,523 to -€22,382
- Financial charges +€7,462
up €7,462 (+221%), from €3,375 to €10,837
- Gross operating margin +€3,358
up €3,358 (+95.0%), from -€3,534 to -€176
- Depreciation +€1,401
new in 2025: €1,401
- Other operating charges +€446
new in 2025: €446
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 | €296,556 | €657,217 | +€360,661 | +122% |
| Fixed assets | 21/28 | - | €418,283 | +€418,283 | |
| Tangible fixed assets | 22/27 | - | €418,283 | +€418,283 | |
| Land and buildings | 22 | - | €414,378 | +€414,378 | |
| Furniture and vehicles | 24 | - | €3,906 | +€3,906 | |
| Current assets | 29/58 | €296,556 | €238,933 | -€57,623 | -19.4% |
| Amounts receivable within one year | 40/41 | €3,726 | €76,055 | +€72,328 | +1,941% |
| Trade receivables | 40 | €3,389 | - | -€3,389 | |
| Other amounts receivable | 41 | €337 | €76,055 | +€75,717 | +22,451% |
| Cash at bank and in hand | 54/58 | €292,830 | €162,879 | -€129,951 | -44.4% |
| Total equity and liabilities | 10/49 | €296,556 | €657,217 | +€360,661 | +122% |
| Equity | 10/15 | -€7,523 | -€20,382 | -€12,859 | -171% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,523 | -€22,382 | -€12,859 | -135% |
| Amounts payable | 17/49 | €304,079 | €677,599 | +€373,520 | +123% |
| Amounts payable after more than one year | 17 | - | €324,719 | +€324,719 | |
| Financial debts | 170/4 | - | €324,719 | +€324,719 | |
| Amounts payable within one year | 42/48 | €304,079 | €352,880 | +€48,801 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €17,984 | +€17,984 | |
| Trade debts | 44 | €3,329 | €34,395 | +€31,066 | +933% |
| Suppliers | 440/4 | €3,329 | €34,395 | +€31,066 | +933% |
| Other amounts payable | 47/48 | €300,750 | €300,500 | -€250 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,401 | +€1,401 | |
| Other operating charges | 640/8 | - | €446 | +€446 | |
| Gross operating margin | 9900 | -€3,534 | -€176 | +€3,358 | +95.0% |
| Operating profit (loss) | 9901 | -€3,534 | -€2,022 | +€1,511 | +42.8% |
| Financial charges | 65/66B | €3,375 | €10,837 | +€7,462 | +221% |
| Recurring financial charges | 65 | €3,375 | €10,837 | +€7,462 | +221% |
| Profit (loss) for the period before taxes | 9903 | -€6,909 | -€12,859 | -€5,951 | -86.1% |
| Profit (loss) for the period | 9904 | -€6,909 | -€12,859 | -€5,951 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,909 | -€12,859 | -€5,951 | -86.1% |
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 30 October 2026 via checked.be.