DEFIMA: 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.
DEFIMA
Largest movements
- Receivables within one year -€64,146
down €64,146 (-24.3%), from €263,460 to €199,313
of which Trade receivables: -€64,571
- Tangible fixed assets -€49,529
down €49,529 (-8.8%), from €565,903 to €516,373
of which Land and buildings: -€47,779
- Trade debts -€69,989
down €69,989 (-64.9%), from €107,822 to €37,832
- Debts after one year -€19,141
down €19,141 (-18.3%), from €104,797 to €85,656
- Other debts -€16,208
down €16,208 (-49.2%), from €32,944 to €16,735
- Tax, wage and social debts -€9,482
down €9,482 (-5.2%), from €183,787 to €174,305
- Gross operating margin +€4,596
up €4,596 (+5.0%), from €91,624 to €96,220
- Financial charges -€988
down €988 (-11.6%), from €8,547 to €7,559
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 | €829,611 | €716,556 | -€113,054 | -13.6% |
| Fixed assets | 21/28 | €566,064 | €516,534 | -€49,529 | -8.7% |
| Tangible fixed assets | 22/27 | €565,903 | €516,373 | -€49,529 | -8.8% |
| Land and buildings | 22 | €515,798 | €468,018 | -€47,779 | -9.3% |
| Furniture and vehicles | 24 | €46,568 | €44,818 | -€1,750 | -3.8% |
| Leasing and similar rights | 25 | €3,537 | €3,537 | = | 0.0% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €263,547 | €200,022 | -€63,525 | -24.1% |
| Amounts receivable within one year | 40/41 | €263,460 | €199,313 | -€64,146 | -24.3% |
| Trade receivables | 40 | €262,897 | €198,326 | -€64,571 | -24.6% |
| Other amounts receivable | 41 | €562 | €987 | +€425 | +75.6% |
| Cash at bank and in hand | 54/58 | €88 | €709 | +€621 | +709% |
| Total equity and liabilities | 10/49 | €829,611 | €716,556 | -€113,054 | -13.6% |
| Equity | 10/15 | €382,119 | €382,887 | +€769 | +0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €430,303 | €430,303 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €424,106 | €424,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,158 | -€109,389 | +€769 | +0.7% |
| Amounts payable | 17/49 | €447,492 | €333,669 | -€113,823 | -25.4% |
| Amounts payable after more than one year | 17 | €104,797 | €85,656 | -€19,141 | -18.3% |
| Financial debts | 170/4 | €104,797 | €85,656 | -€19,141 | -18.3% |
| Amounts payable within one year | 42/48 | €342,695 | €248,013 | -€94,682 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €18,144 | €19,141 | +€997 | +5.5% |
| Trade debts | 44 | €107,822 | €37,832 | -€69,989 | -64.9% |
| Suppliers | 440/4 | €107,822 | €37,832 | -€69,989 | -64.9% |
| Taxes, remuneration and social security | 45 | €183,787 | €174,305 | -€9,482 | -5.2% |
| Taxes | 450/3 | €183,787 | €174,305 | -€9,482 | -5.2% |
| Other amounts payable | 47/48 | €32,944 | €16,735 | -€16,208 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,068 | €79,749 | +€681 | +0.9% |
| Other operating charges | 640/8 | €6,873 | €7,235 | +€363 | +5.3% |
| Gross operating margin | 9900 | €91,624 | €96,220 | +€4,596 | +5.0% |
| Operating profit (loss) | 9901 | €5,683 | €9,236 | +€3,553 | +62.5% |
| Financial income | 75/76B | €121 | €37 | -€84 | -69.3% |
| Recurring financial income | 75 | €121 | €37 | -€84 | -69.3% |
| Financial charges | 65/66B | €8,547 | €7,559 | -€988 | -11.6% |
| Recurring financial charges | 65 | €8,547 | €7,559 | -€988 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,743 | €1,714 | +€4,457 | |
| Income taxes | 67/77 | €252 | €945 | +€693 | +275% |
| Profit (loss) for the period | 9904 | -€2,995 | €769 | +€3,764 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,995 | €769 | +€3,764 |
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 15 October 2026 via checked.be.