DEFINEA: 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.
DEFINEA
Largest movements
- Receivables within one year +€111,374
up €111,374 (+147%), from €75,595 to €186,969
of which Trade receivables: +€145,857
- Receivables after one year +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Tangible fixed assets +€59,800
up €59,800 (+763%), from €7,836 to €67,637
of which Furniture and vehicles: +€58,011
- Cash -€38,499
down €38,499 (-66.9%), from €57,550 to €19,052
mainly Receivables within one year (-€111,374) and Receivables after one year (-€100,000)
- Reserves +€205,280
up €205,280 (+44.3%), from €463,371 to €668,652
of which Distributable reserves: +€205,280
- Tax, wage and social debts +€26,563
up €26,563 (+283%), from €9,397 to €35,960
- Gross operating margin +€122,513
up €122,513 (+98.8%), from €123,976 to €246,489
- Taxes +€32,459
up €32,459 (+98.1%), from €33,095 to €65,554
- Financial income +€7,804
up €7,804 (+29.5%), from €26,409 to €34,213
- Depreciation +€3,932
up €3,932 (+125%), from €3,148 to €7,080
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 | €492,975 | €726,364 | +€233,389 | +47.3% |
| Fixed assets | 21/28 | €57,836 | €117,637 | +€59,800 | +103% |
| Tangible fixed assets | 22/27 | €7,836 | €67,637 | +€59,800 | +763% |
| Plant, machinery and equipment | 23 | €1,170 | €2,959 | +€1,789 | +153% |
| Furniture and vehicles | 24 | €6,666 | €64,677 | +€58,011 | +870% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €435,139 | €608,727 | +€173,588 | +39.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Trade receivables | 290 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €75,595 | €186,969 | +€111,374 | +147% |
| Trade receivables | 40 | €19,799 | €165,656 | +€145,857 | +737% |
| Other amounts receivable | 41 | €55,796 | €21,313 | -€34,483 | -61.8% |
| Cash at bank and in hand | 54/58 | €57,550 | €19,052 | -€38,499 | -66.9% |
| Deferred charges and accrued income | 490/1 | €1,993 | €2,706 | +€713 | +35.8% |
| Total equity and liabilities | 10/49 | €492,975 | €726,364 | +€233,389 | +47.3% |
| Equity | 10/15 | €481,971 | €687,252 | +€205,280 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €463,371 | €668,652 | +€205,280 | +44.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €461,511 | €666,792 | +€205,280 | +44.5% |
| Amounts payable | 17/49 | €11,003 | €39,112 | +€28,108 | +255% |
| Amounts payable within one year | 42/48 | €11,003 | €39,112 | +€28,108 | +255% |
| Trade debts | 44 | €1,606 | €1,329 | -€278 | -17.3% |
| Suppliers | 440/4 | €1,606 | €1,329 | -€278 | -17.3% |
| Taxes, remuneration and social security | 45 | €9,397 | €35,960 | +€26,563 | +283% |
| Taxes | 450/3 | €9,397 | €35,960 | +€26,563 | +283% |
| Other amounts payable | 47/48 | - | €1,823 | +€1,823 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,148 | €7,080 | +€3,932 | +125% |
| Other operating charges | 640/8 | €3,176 | €2,670 | -€507 | -16.0% |
| Gross operating margin | 9900 | €123,976 | €246,489 | +€122,513 | +98.8% |
| Operating profit (loss) | 9901 | €117,652 | €236,740 | +€119,087 | +101% |
| Financial income | 75/76B | €26,409 | €34,213 | +€7,804 | +29.5% |
| Recurring financial income | 75 | €26,409 | €34,213 | +€7,804 | +29.5% |
| Financial charges | 65/66B | €58 | €118 | +€60 | +103% |
| Recurring financial charges | 65 | €58 | €118 | +€60 | +103% |
| Profit (loss) for the period before taxes | 9903 | €144,003 | €270,834 | +€126,831 | +88.1% |
| Income taxes | 67/77 | €33,095 | €65,554 | +€32,459 | +98.1% |
| Profit (loss) for the period | 9904 | €110,908 | €205,280 | +€94,373 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,908 | €205,280 | +€94,373 | +85.1% |
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 17 October 2026 via checked.be.