DEFINITO: 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.
DEFINITO
Largest movements
- Cash +€21,884
up €21,884 (+57.2%), from €38,281 to €60,166
mainly Depreciation (+€27,561) and Tax, wage and social debts (+€13,194)
- Tangible fixed assets -€10,235
down €10,235 (-5.9%), from €173,766 to €163,531
of which Furniture and vehicles: -€19,051
- Receivables within one year -€6,940
down €6,940 (-41.0%), from €16,937 to €9,997
of which Trade receivables: -€8,223
- Stocks and contracts -€3,803
down €3,803 (-43.5%), from €8,735 to €4,932
of which Contracts in progress: -€3,592
- Tax, wage and social debts +€13,194
up €13,194 (+163.6%), from €8,067 to €21,261
of which Remuneration and social security: +€8,873
- Debts after one year -€5,302
down €5,302 (-9.6%), from €55,381 to €50,079
of which Financial debts: -€5,302
- Current portion of long-term debt -€4,932
down €4,932 (-48.2%), from €10,234 to €5,302
- Other debts -€4,000
down €4,000 (-27.0%), from €14,820 to €10,820
- Staff costs +€27,929
up €27,929 (+27.6%), from €101,052 to €128,982
- Gross operating margin +€27,108
up €27,108 (+19.3%), from €140,757 to €167,865
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 | €242,239 | €243,546 | +€1,307 | +0.5% |
| Fixed assets | 21/28 | €173,766 | €163,531 | -€10,235 | -5.9% |
| Tangible fixed assets | 22/27 | €173,766 | €163,531 | -€10,235 | -5.9% |
| Land and buildings | 22 | €100,697 | €104,009 | +€3,311 | +3.3% |
| Plant, machinery and equipment | 23 | €7,447 | €12,952 | +€5,505 | +73.9% |
| Furniture and vehicles | 24 | €65,622 | €46,570 | -€19,051 | -29.0% |
| Current assets | 29/58 | €68,472 | €80,015 | +€11,542 | +16.9% |
| Stocks and contracts in progress | 3 | €8,735 | €4,932 | -€3,803 | -43.5% |
| Stocks | 30/36 | €5,143 | €4,932 | -€211 | -4.1% |
| Contracts in progress | 37 | €3,592 | €0 | -€3,592 | -100.0% |
| Amounts receivable within one year | 40/41 | €16,937 | €9,997 | -€6,940 | -41.0% |
| Trade receivables | 40 | €16,161 | €7,937 | -€8,223 | -50.9% |
| Other amounts receivable | 41 | €776 | €2,059 | +€1,283 | +165.3% |
| Cash at bank and in hand | 54/58 | €38,281 | €60,166 | +€21,884 | +57.2% |
| Deferred charges and accrued income | 490/1 | €4,519 | €4,920 | +€401 | +8.9% |
| Total equity and liabilities | 10/49 | €242,239 | €243,546 | +€1,307 | +0.5% |
| Equity | 10/15 | €139,545 | €141,437 | +€1,892 | +1.4% |
| Contributions | 10/11 | €122,092 | €122,092 | = | 0.0% |
| Reserves | 13 | €17,453 | €19,345 | +€1,892 | +10.8% |
| Distributable reserves | 133 | €17,453 | €19,345 | +€1,892 | +10.8% |
| Amounts payable | 17/49 | €102,693 | €102,109 | -€584 | -0.6% |
| Amounts payable after more than one year | 17 | €55,381 | €50,079 | -€5,302 | -9.6% |
| Financial debts | 170/4 | €5,302 | €0 | -€5,302 | -100.0% |
| Other amounts payable | 178/9 | €50,079 | €50,079 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,360 | €51,140 | +€4,780 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €10,234 | €5,302 | -€4,932 | -48.2% |
| Trade debts | 44 | €13,239 | €13,757 | +€518 | +3.9% |
| Suppliers | 440/4 | €13,239 | €13,757 | +€518 | +3.9% |
| Taxes, remuneration and social security | 45 | €8,067 | €21,261 | +€13,194 | +163.6% |
| Taxes | 450/3 | €2,290 | €6,612 | +€4,321 | +188.7% |
| Remuneration and social security | 454/9 | €5,776 | €14,649 | +€8,873 | +153.6% |
| Other amounts payable | 47/48 | €14,820 | €10,820 | -€4,000 | -27.0% |
| Accrued charges and deferred income | 492/3 | €953 | €890 | -€63 | -6.6% |
| Remuneration, social security and pensions | 62 | €101,052 | €128,982 | +€27,929 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,083 | €27,561 | +€1,477 | +5.7% |
| Other operating charges | 640/8 | €5,010 | €5,249 | +€239 | +4.8% |
| Gross operating margin | 9900 | €140,757 | €167,865 | +€27,108 | +19.3% |
| Operating profit (loss) | 9901 | €8,611 | €6,073 | -€2,538 | -29.5% |
| Financial income | 75/76B | €667 | €65 | -€601 | -90.2% |
| Recurring financial income | 75 | €667 | €65 | -€601 | -90.2% |
| Financial charges | 65/66B | €2,655 | €2,371 | -€283 | -10.7% |
| Recurring financial charges | 65 | €2,655 | €2,371 | -€283 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €6,623 | €3,767 | -€2,856 | -43.1% |
| Income taxes | 67/77 | €2,286 | €1,876 | -€410 | -18.0% |
| Profit (loss) for the period | 9904 | €4,337 | €1,892 | -€2,445 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,337 | €1,892 | -€2,445 | -56.4% |
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 11 October 2026 via checked.be.