Defimo: 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.
Defimo
Largest movements
- Receivables within one year -€16,419
down €16,419 (-40.9%), from €40,135 to €23,716
of which Trade receivables: -€17,270
- Tangible fixed assets +€9,042
up €9,042 (+152.8%), from €5,919 to €14,962
of which Other tangible fixed assets: +€6,250
- Cash -€4,444
down €4,444 (-15.4%), from €28,830 to €24,385
mainly Debts after one year (-€28,220) and Investment in fixed assets (net) (-€11,468)
- Debts after one year -€28,220
down €28,220 (-34.7%), from €81,400 to €53,181
- Current portion of long-term debt +€15,516
up €15,516 (+38.3%), from €40,529 to €56,045
- Other debts -€6,985
down €6,985 (-37.5%), from €18,615 to €11,630
- Reserves +€6,645
up €6,645 (+18.2%), from €36,553 to €43,198
- Gross operating margin -€42,822
down €42,822 (-67.6%), from €63,383 to €20,560
- Taxes -€11,274
down €11,274 (-71.0%), from €15,880 to €4,605
- Financial charges -€1,973
down €1,973 (-23.7%), from €8,333 to €6,361
- Depreciation +€785
up €785 (+47.8%), from €1,641 to €2,425
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 | €207,754 | €195,933 | -€11,821 | -5.7% |
| Fixed assets | 21/28 | €138,789 | €147,831 | +€9,042 | +6.5% |
| Tangible fixed assets | 22/27 | €5,919 | €14,962 | +€9,042 | +152.8% |
| Plant, machinery and equipment | 23 | €3,784 | €4,774 | +€990 | +26.2% |
| Furniture and vehicles | 24 | €2,135 | €3,938 | +€1,802 | +84.4% |
| Other tangible fixed assets | 26 | - | €6,250 | +€6,250 | |
| Financial fixed assets | 28 | €132,870 | €132,870 | = | 0.0% |
| Current assets | 29/58 | €68,965 | €48,102 | -€20,863 | -30.3% |
| Amounts receivable within one year | 40/41 | €40,135 | €23,716 | -€16,419 | -40.9% |
| Trade receivables | 40 | €26,005 | €8,735 | -€17,270 | -66.4% |
| Other amounts receivable | 41 | €14,131 | €14,981 | +€851 | +6.0% |
| Cash at bank and in hand | 54/58 | €28,830 | €24,385 | -€4,444 | -15.4% |
| Total equity and liabilities | 10/49 | €207,754 | €195,933 | -€11,821 | -5.7% |
| Equity | 10/15 | €41,553 | €48,198 | +€6,645 | +16.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,553 | €43,198 | +€6,645 | +18.2% |
| Distributable reserves | 133 | €36,553 | €43,198 | +€6,645 | +18.2% |
| Amounts payable | 17/49 | €166,201 | €147,735 | -€18,466 | -11.1% |
| Amounts payable after more than one year | 17 | €81,400 | €53,181 | -€28,220 | -34.7% |
| Financial debts | 170/4 | €81,400 | €53,181 | -€28,220 | -34.7% |
| Amounts payable within one year | 42/48 | €84,800 | €93,866 | +€9,066 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €40,529 | €56,045 | +€15,516 | +38.3% |
| Trade debts | 44 | €1,276 | €492 | -€784 | -61.4% |
| Suppliers | 440/4 | €1,276 | €492 | -€784 | -61.4% |
| Taxes, remuneration and social security | 45 | €24,381 | €25,699 | +€1,319 | +5.4% |
| Taxes | 450/3 | €24,381 | €25,699 | +€1,319 | +5.4% |
| Other amounts payable | 47/48 | €18,615 | €11,630 | -€6,985 | -37.5% |
| Accrued charges and deferred income | 492/3 | - | €688 | +€688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,641 | €2,425 | +€785 | +47.8% |
| Other operating charges | 640/8 | €976 | €528 | -€448 | -45.9% |
| Gross operating margin | 9900 | €63,383 | €20,560 | -€42,822 | -67.6% |
| Operating profit (loss) | 9901 | €60,766 | €17,607 | -€43,159 | -71.0% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €8,333 | €6,361 | -€1,973 | -23.7% |
| Recurring financial charges | 65 | €8,333 | €6,361 | -€1,973 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €52,433 | €11,250 | -€41,182 | -78.5% |
| Income taxes | 67/77 | €15,880 | €4,605 | -€11,274 | -71.0% |
| Profit (loss) for the period | 9904 | €36,553 | €6,645 | -€29,908 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,553 | €6,645 | -€29,908 | -81.8% |
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 10 October 2026 via checked.be.