DEFIMMO: 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.
DEFIMMO
Largest movements
- Receivables after one year +€1.9m
up €1.9m (+38.8%), from €4.9m to €6.8m
- Tangible fixed assets -€1.9m
down €1.9m (-52.5%), from €3.6m to €1.7m
of which Land and buildings: -€1.9m
- Receivables within one year -€1.6m
down €1.6m (-79.0%), from €2.0m to €423,996
of which Trade receivables: -€1.5m
- Profit (loss) carried forward -€3.4m
down €3.4m (-94.8%), from €3.6m to €185,947
- Reserves +€1.4m
up €1.4m (+48.4%), from €2.9m to €4.3m
of which Tax-exempt reserves: +€1.4m
- Provisions +€463,645
up €463,645 (+54.3%), from €853,964 to €1.3m
- Gross operating margin -€1.6m
down €1.6m (-44.0%), from €3.7m to €2.1m
- Other operating charges -€50,979
down €50,979 (-49.7%), from €102,596 to €51,617
- Financial income +€50,854
up €50,854 (+38.4%), from €132,499 to €183,353
- Depreciation -€46,383
down €46,383 (-17.8%), from €261,269 to €214,886
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 | €10,566,917 | €9,065,970 | -€1.5m | -14.2% |
| Fixed assets | 21/28 | €3,562,512 | €1,692,394 | -€1.9m | -52.5% |
| Tangible fixed assets | 22/27 | €3,562,512 | €1,692,394 | -€1.9m | -52.5% |
| Land and buildings | 22 | €3,558,805 | €1,690,627 | -€1.9m | -52.5% |
| Plant, machinery and equipment | 23 | €674 | €406 | -€269 | -39.9% |
| Furniture and vehicles | 24 | €3,033 | €1,362 | -€1,671 | -55.1% |
| Current assets | 29/58 | €7,004,405 | €7,373,575 | +€369,170 | +5.3% |
| Amounts receivable after more than one year | 29 | €4,901,923 | €6,803,568 | +€1.9m | +38.8% |
| Other amounts receivable | 291 | €4,901,923 | €6,803,568 | +€1.9m | +38.8% |
| Amounts receivable within one year | 40/41 | €2,021,353 | €423,996 | -€1.6m | -79.0% |
| Trade receivables | 40 | €1,481,763 | €2,201 | -€1.5m | -99.9% |
| Other amounts receivable | 41 | €539,590 | €421,794 | -€117,795 | -21.8% |
| Cash at bank and in hand | 54/58 | €76,474 | €129,643 | +€53,169 | +69.5% |
| Deferred charges and accrued income | 490/1 | €4,655 | €16,368 | +€11,713 | +251.6% |
| Total equity and liabilities | 10/49 | €10,566,917 | €9,065,970 | -€1.5m | -14.2% |
| Equity | 10/15 | €9,584,217 | €7,576,276 | -€2.0m | -21.0% |
| Contributions | 10/11 | €3,125,000 | €3,125,000 | = | 0.0% |
| Capital | 10 | €3,125,000 | €3,125,000 | = | 0.0% |
| Issued capital | 100 | €3,125,000 | €3,125,000 | = | 0.0% |
| Reserves | 13 | €2,874,393 | €4,265,329 | +€1.4m | +48.4% |
| Non-distributable reserves | 130/1 | €312,500 | €312,500 | = | 0.0% |
| Legal reserve | 130 | €312,500 | €312,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,561,893 | €3,952,829 | +€1.4m | +54.3% |
| Profit (loss) carried forward | 14 | €3,584,824 | €185,947 | -€3.4m | -94.8% |
| Provisions and deferred taxes | 16 | €853,964 | €1,317,610 | +€463,645 | +54.3% |
| Deferred taxes | 168 | €853,964 | €1,317,610 | +€463,645 | +54.3% |
| Amounts payable | 17/49 | €128,736 | €172,084 | +€43,348 | +33.7% |
| Amounts payable within one year | 42/48 | €116,702 | €172,084 | +€55,382 | +47.5% |
| Trade debts | 44 | €83,394 | €77,920 | -€5,475 | -6.6% |
| Suppliers | 440/4 | €83,394 | €77,920 | -€5,475 | -6.6% |
| Taxes, remuneration and social security | 45 | €5,457 | €17,157 | +€11,700 | +214.4% |
| Taxes | 450/3 | €5,457 | €17,157 | +€11,700 | +214.4% |
| Other amounts payable | 47/48 | €27,851 | €77,007 | +€49,156 | +176.5% |
| Accrued charges and deferred income | 492/3 | €12,034 | €0 | -€12,034 | -100.0% |
| Remuneration, social security and pensions | 62 | €55,626 | €35,679 | -€19,947 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,269 | €214,886 | -€46,383 | -17.8% |
| Other operating charges | 640/8 | €102,596 | €51,617 | -€50,979 | -49.7% |
| Gross operating margin | 9900 | €3,736,815 | €2,093,926 | -€1.6m | -44.0% |
| Operating profit (loss) | 9901 | €3,317,324 | €1,791,744 | -€1.5m | -46.0% |
| Financial income | 75/76B | €132,499 | €183,353 | +€50,854 | +38.4% |
| Recurring financial income | 75 | €132,499 | €183,353 | +€50,854 | +38.4% |
| Financial charges | 65/66B | €1,764 | €2,236 | +€471 | +26.7% |
| Recurring financial charges | 65 | €1,764 | €2,236 | +€471 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €3,448,058 | €1,972,861 | -€1.5m | -42.8% |
| Transfer to deferred taxes | 680 | €853,964 | €463,645 | -€390,319 | -45.7% |
| Income taxes | 67/77 | €4,748 | €17,157 | +€12,409 | +261.4% |
| Profit (loss) for the period | 9904 | €2,589,346 | €1,492,059 | -€1.1m | -42.4% |
| Transfer to tax-exempt reserves | 689 | €2,561,893 | €1,390,936 | -€1.2m | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,453 | €101,123 | +€73,670 | +268.3% |
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 30 September 2026 via checked.be.