DEFI LINE: 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 LINE
Largest movements
- Receivables within one year -€37,523
down €37,523 (-78.4%), from €47,891 to €10,368
of which Trade receivables: -€37,425
- Tangible fixed assets -€10,795
down €10,795 (-7.5%), from €143,722 to €132,927
of which Land and buildings: -€9,828
- Cash -€10,422
down €10,422 (-30.3%), from €34,354 to €23,933
mainly Net result for the year (-€32,469) and Trade debts (-€22,719)
- Profit (loss) carried forward -€32,469
down €32,469, from €385 to -€32,084
- Trade debts -€22,719
down €22,719 (-89.2%), from €25,461 to €2,742
- Other debts +€22,284
up €22,284 (+27.7%), from €80,571 to €102,855
- Provisions -€20,596
down €20,596 (-19.4%), from €105,922 to €85,326
- Tax, wage and social debts -€4,968
down €4,968 (-67.4%), from €7,373 to €2,405
- Provisions -€9,119
new in 2025: -€9,119
- Financial income -€8,954
down €8,954 (-99.7%), from €8,978 to €24
of which Non-recurring financial income: -€8,145
- Financial charges +€5,503
up €5,503 (+5.6%), from €98,530 to €104,033
- Gross operating margin +€1,973
up €1,973 (+2.5%), from €78,760 to €80,733
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 | €225,967 | €167,500 | -€58,467 | -25.9% |
| Fixed assets | 21/28 | €143,722 | €132,927 | -€10,795 | -7.5% |
| Tangible fixed assets | 22/27 | €143,722 | €132,927 | -€10,795 | -7.5% |
| Land and buildings | 22 | €138,976 | €129,148 | -€9,828 | -7.1% |
| Other tangible fixed assets | 26 | €4,746 | €3,779 | -€967 | -20.4% |
| Current assets | 29/58 | €82,245 | €34,573 | -€47,673 | -58.0% |
| Amounts receivable within one year | 40/41 | €47,891 | €10,368 | -€37,523 | -78.4% |
| Trade receivables | 40 | €40,387 | €2,962 | -€37,425 | -92.7% |
| Other amounts receivable | 41 | €7,504 | €7,406 | -€98 | -1.3% |
| Cash at bank and in hand | 54/58 | €34,354 | €23,933 | -€10,422 | -30.3% |
| Deferred charges and accrued income | 490/1 | - | €272 | +€272 | |
| Total equity and liabilities | 10/49 | €225,967 | €167,500 | -€58,467 | -25.9% |
| Equity | 10/15 | €6,640 | -€25,828 | -€32,469 | |
| Contributions | 10/11 | €2,255 | €2,255 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €385 | -€32,084 | -€32,469 | |
| Provisions and deferred taxes | 16 | €105,922 | €85,326 | -€20,596 | -19.4% |
| Provisions for liabilities and charges | 160/5 | €105,922 | €85,326 | -€20,596 | -19.4% |
| Pensions and similar obligations | 160 | €13,848 | - | -€13,848 | |
| Environmental obligations | 163 | €92,074 | €85,326 | -€6,748 | -7.3% |
| Amounts payable | 17/49 | €113,405 | €108,002 | -€5,403 | -4.8% |
| Amounts payable within one year | 42/48 | €113,405 | €108,002 | -€5,403 | -4.8% |
| Trade debts | 44 | €25,461 | €2,742 | -€22,719 | -89.2% |
| Suppliers | 440/4 | €25,461 | €2,742 | -€22,719 | -89.2% |
| Taxes, remuneration and social security | 45 | €7,373 | €2,405 | -€4,968 | -67.4% |
| Taxes | 450/3 | €7,373 | €2,405 | -€4,968 | -67.4% |
| Other amounts payable | 47/48 | €80,571 | €102,855 | +€22,284 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,471 | €10,795 | -€676 | -5.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€9,119 | -€9,119 | |
| Other operating charges | 640/8 | €3,272 | €2,560 | -€712 | -21.8% |
| Non-recurring operating charges | 66A | - | €4,814 | +€4,814 | |
| Gross operating margin | 9900 | €78,760 | €80,733 | +€1,973 | +2.5% |
| Operating profit (loss) | 9901 | €64,017 | €71,685 | +€7,668 | +12.0% |
| Financial income | 75/76B | €8,978 | €24 | -€8,954 | -99.7% |
| Recurring financial income | 75 | €833 | €24 | -€809 | -97.1% |
| Non-recurring financial income | 76B | €8,145 | - | -€8,145 | |
| Financial charges | 65/66B | €98,530 | €104,033 | +€5,503 | +5.6% |
| Recurring financial charges | 65 | €98,530 | €104,033 | +€5,503 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,535 | -€32,325 | -€6,789 | -26.6% |
| Income taxes | 67/77 | -€230 | €144 | +€374 | |
| Profit (loss) for the period | 9904 | -€25,306 | -€32,469 | -€7,163 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,306 | -€32,469 | -€7,163 | -28.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.