DEFINOS: 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.
DEFINOS
Largest movements
- Current investments -€380,000
no longer reported in 2025 (was €380,000)
- Tangible fixed assets +€338,976
up €338,976 (+465%), from €72,882 to €411,857
of which Land and buildings: +€340,927
- Cash +€81,339
up €81,339 (+72.7%), from €111,853 to €193,192
mainly Current investments (+€380,000) and Net result for the year (+€125,991)
- Receivables within one year +€53,297
up €53,297 (+241%), from €22,079 to €75,376
of which Other amounts receivable: +€51,060
- Profit (loss) carried forward +€115,991
up €115,991 (+25.9%), from €448,016 to €564,007
- Other debts -€23,065
down €23,065 (-31.8%), from €72,643 to €49,578
- Reserves +€10,000
up €10,000 (+19.3%), from €51,855 to €61,855
of which Distributable reserves: +€10,000
- Purchases and services -€99,299
down €99,299 (-47.9%), from €207,131 to €107,833
- Taxes +€24,535
up €24,535 (+136%), from €18,094 to €42,629
- Financial charges -€11,844
down €11,844 (-98.0%), from €12,088 to €244
- Gross operating margin +€3,722
up €3,722 (+2.1%), from €173,951 to €177,673
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 | €586,891 | €680,503 | +€93,611 | +16.0% |
| Fixed assets | 21/28 | €72,959 | €411,934 | +€338,976 | +465% |
| Tangible fixed assets | 22/27 | €72,882 | €411,857 | +€338,976 | +465% |
| Land and buildings | 22 | €60,118 | €401,045 | +€340,927 | +567% |
| Furniture and vehicles | 24 | €7,278 | €7,561 | +€283 | +3.9% |
| Other tangible fixed assets | 26 | €5,485 | €3,251 | -€2,234 | -40.7% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €513,932 | €268,568 | -€245,364 | -47.7% |
| Amounts receivable within one year | 40/41 | €22,079 | €75,376 | +€53,297 | +241% |
| Trade receivables | 40 | €21,763 | €24,000 | +€2,237 | +10.3% |
| Other amounts receivable | 41 | €316 | €51,376 | +€51,060 | +16,156% |
| Current investments | 50/53 | €380,000 | - | -€380,000 | |
| Cash at bank and in hand | 54/58 | €111,853 | €193,192 | +€81,339 | +72.7% |
| Total equity and liabilities | 10/49 | €586,891 | €680,503 | +€93,611 | +16.0% |
| Equity | 10/15 | €499,871 | €625,862 | +€125,991 | +25.2% |
| Reserves | 13 | €51,855 | €61,855 | +€10,000 | +19.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Other | 1319 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Profit (loss) carried forward | 14 | €448,016 | €564,007 | +€115,991 | +25.9% |
| Provisions and deferred taxes | 16 | €4,730 | - | -€4,730 | |
| Provisions for liabilities and charges | 160/5 | €4,730 | - | -€4,730 | |
| Environmental obligations | 163 | €4,730 | - | -€4,730 | |
| Amounts payable | 17/49 | €82,290 | €54,640 | -€27,649 | -33.6% |
| Amounts payable within one year | 42/48 | €82,290 | €54,640 | -€27,649 | -33.6% |
| Trade debts | 44 | €6,685 | €3,618 | -€3,067 | -45.9% |
| Suppliers | 440/4 | €6,685 | €3,618 | -€3,067 | -45.9% |
| Taxes, remuneration and social security | 45 | €2,962 | €1,444 | -€1,518 | -51.2% |
| Taxes | 450/3 | €1,748 | €1,444 | -€303 | -17.3% |
| Remuneration and social security | 454/9 | €1,215 | - | -€1,215 | |
| Other amounts payable | 47/48 | €72,643 | €49,578 | -€23,065 | -31.8% |
| Turnover | 70 | €285,625 | €285,506 | -€120 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €207,131 | €107,833 | -€99,299 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,157 | €11,461 | -€2,696 | -19.0% |
| Other operating charges | 640/8 | €1,639 | €1,623 | -€16 | -1.0% |
| Gross operating margin | 9900 | €173,951 | €177,673 | +€3,722 | +2.1% |
| Operating profit (loss) | 9901 | €158,155 | €164,590 | +€6,435 | +4.1% |
| Financial income | 75/76B | €4,352 | €4,274 | -€78 | -1.8% |
| Recurring financial income | 75 | €4,352 | €4,274 | -€78 | -1.8% |
| Financial charges | 65/66B | €12,088 | €244 | -€11,844 | -98.0% |
| Recurring financial charges | 65 | €12,088 | €244 | -€11,844 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €150,419 | €168,620 | +€18,201 | +12.1% |
| Income taxes | 67/77 | €18,094 | €42,629 | +€24,535 | +136% |
| Profit (loss) for the period | 9904 | €132,325 | €125,991 | -€6,334 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €132,325 | €125,991 | -€6,334 | -4.8% |
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 14 October 2026 via checked.be.