DEFIMM: 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.
DEFIMM
Largest movements
- Receivables within one year +€34,280
up €34,280 (+212%), from €16,147 to €50,427
of which Other amounts receivable: +€32,051
- Reserves +€37,493
new in 2025: €37,493
- Other debts -€9,339
no longer reported in 2025 (was €9,339)
- Tax, wage and social debts +€7,484
up €7,484 (+42.7%), from €17,520 to €25,004
- Gross operating margin +€26,324
up €26,324 (+107%), from €24,529 to €50,853
- Taxes +€5,929
up €5,929 (+122%), from €4,870 to €10,799
- Financial charges -€1,684
down €1,684 (-38.3%), from €4,399 to €2,715
- Depreciation -€1,246
down €1,246 (-74.2%), from €1,679 to €433
- Financial income +€865
up €865 (+2,287%), from €38 to €903
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 | €36,572 | €71,510 | +€34,938 | +95.5% |
| Fixed assets | 21/28 | €3,220 | €3,657 | +€437 | +13.6% |
| Tangible fixed assets | 22/27 | €3,220 | €3,657 | +€437 | +13.6% |
| Land and buildings | 22 | €3,220 | €2,862 | -€358 | -11.1% |
| Furniture and vehicles | 24 | - | €795 | +€795 | |
| Current assets | 29/58 | €33,352 | €67,853 | +€34,501 | +103% |
| Amounts receivable within one year | 40/41 | €16,147 | €50,427 | +€34,280 | +212% |
| Trade receivables | 40 | €15,504 | €17,733 | +€2,229 | +14.4% |
| Other amounts receivable | 41 | €643 | €32,694 | +€32,051 | +4,983% |
| Cash at bank and in hand | 54/58 | €17,205 | €17,426 | +€221 | +1.3% |
| Total equity and liabilities | 10/49 | €36,572 | €71,510 | +€34,938 | +95.5% |
| Equity | 10/15 | €4,000 | €41,493 | +€37,493 | +937% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €37,493 | +€37,493 | |
| Distributable reserves | 133 | - | €37,493 | +€37,493 | |
| Amounts payable | 17/49 | €32,572 | €30,017 | -€2,555 | -7.8% |
| Amounts payable within one year | 42/48 | €32,572 | €30,017 | -€2,555 | -7.8% |
| Trade debts | 44 | €5,714 | €5,013 | -€701 | -12.3% |
| Suppliers | 440/4 | €5,714 | €5,013 | -€701 | -12.3% |
| Taxes, remuneration and social security | 45 | €17,520 | €25,004 | +€7,484 | +42.7% |
| Taxes | 450/3 | €17,520 | €25,004 | +€7,484 | +42.7% |
| Other amounts payable | 47/48 | €9,339 | - | -€9,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,679 | €433 | -€1,246 | -74.2% |
| Other operating charges | 640/8 | €277 | €316 | +€39 | +13.9% |
| Gross operating margin | 9900 | €24,529 | €50,853 | +€26,324 | +107% |
| Operating profit (loss) | 9901 | €22,573 | €50,105 | +€27,532 | +122% |
| Financial income | 75/76B | €38 | €903 | +€865 | +2,287% |
| Recurring financial income | 75 | €38 | €903 | +€865 | +2,287% |
| Financial charges | 65/66B | €4,399 | €2,715 | -€1,684 | -38.3% |
| Recurring financial charges | 65 | €4,399 | €2,715 | -€1,684 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €18,211 | €48,293 | +€30,081 | +165% |
| Income taxes | 67/77 | €4,870 | €10,799 | +€5,929 | +122% |
| Profit (loss) for the period | 9904 | €13,341 | €37,493 | +€24,153 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €13,341 | €37,493 | +€24,153 | +181% |
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 23 October 2026 via checked.be.