DEFIMCO: 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.
DEFIMCO
Largest movements
- Tangible fixed assets -€8,490
down €8,490 (-5.4%), from €156,207 to €147,717
- Cash +€2,141
up €2,141 (+86.8%), from €2,468 to €4,609
mainly Depreciation (+€8,490) and Other debts (+€6,201)
- Profit (loss) carried forward -€12,550
down €12,550 (-4.7%), from -€266,561 to -€279,110
- Other debts +€6,201
up €6,201 (+3.9%), from €157,137 to €163,338
- Other operating charges -€1,356
down €1,356 (-28.1%), from €4,830 to €3,474
- Financial charges -€266
down €266 (-92.6%), from €287 to €21
- Gross operating margin -€190
down €190 (-50.7%), from -€375 to -€565
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 | €158,675 | €152,326 | -€6,348 | -4.0% |
| Fixed assets | 21/28 | €156,207 | €147,717 | -€8,490 | -5.4% |
| Tangible fixed assets | 22/27 | €156,207 | €147,717 | -€8,490 | -5.4% |
| Land and buildings | 22 | €156,207 | €147,717 | -€8,490 | -5.4% |
| Current assets | 29/58 | €2,468 | €4,609 | +€2,141 | +86.8% |
| Cash at bank and in hand | 54/58 | €2,468 | €4,609 | +€2,141 | +86.8% |
| Total equity and liabilities | 10/49 | €158,675 | €152,326 | -€6,348 | -4.0% |
| Equity | 10/15 | €1,538 | -€11,012 | -€12,550 | |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Capital | 10 | €265,000 | €265,000 | = | 0.0% |
| Issued capital | 100 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,561 | -€279,110 | -€12,550 | -4.7% |
| Amounts payable | 17/49 | €157,137 | €163,338 | +€6,201 | +3.9% |
| Amounts payable within one year | 42/48 | €157,137 | €163,338 | +€6,201 | +3.9% |
| Other amounts payable | 47/48 | €157,137 | €163,338 | +€6,201 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,490 | €8,490 | = | 0.0% |
| Other operating charges | 640/8 | €4,830 | €3,474 | -€1,356 | -28.1% |
| Gross operating margin | 9900 | -€375 | -€565 | -€190 | -50.7% |
| Operating profit (loss) | 9901 | -€13,694 | -€12,529 | +€1,166 | +8.5% |
| Financial charges | 65/66B | €287 | €21 | -€266 | -92.6% |
| Recurring financial charges | 65 | €287 | €21 | -€266 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,981 | -€12,550 | +€1,432 | +10.2% |
| Profit (loss) for the period | 9904 | -€13,981 | -€12,550 | +€1,432 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,981 | -€12,550 | +€1,432 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.