DEFION: 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.
What changed
DEFION
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,101
2024 · €13,626-€3,525
Equity
€492,762
2024 · €482,661+€10,101
Cash
€47,460
2024 · €56,122-€8,662
Balance sheet total
€1.1m
2024 · €1.1m-€30,456
Largest movements
Assets
- Tangible fixed assets -€22,771
down €22,771 (-2.1%), from €1.1m to €1.1m
of which Land and buildings: -€21,396
Equity and liabilities
- Debts after one year -€35,934
down €35,934 (-92.3%), from €38,944 to €3,010
- Profit (loss) carried forward +€19,522
up €19,522 (+11.9%), from €163,784 to €183,306
Income statement
- Gross operating margin -€3,721
down €3,721 (-6.1%), from €60,934 to €57,213
- Taxes -€1,673
down €1,673 (-21.7%), from €7,703 to €6,030
- Depreciation +€1,667
up €1,667 (+4.4%), from €37,772 to €39,439
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.
Result 2024
€13,626
Gross operating margin
-€3,721
Depreciation
-€1,667
Other operating charges
-€210
Financial charges
+€400
Taxes
+€1,673
Result 2025
€10,101
raises the resultlowers the result
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.
From operations
+€43,596
Investment
-€16,668
Financing
-€35,590
Cash 2024
€56,122
From operations (derived)
+€43,596
Net result for the year
+€10,101
Depreciation
+€39,439
Receivables within one year
-€2,673
Deferred charges and accrued income
+€1,696
Provisions
-€4,851
Trade debts
+€384
Accrued charges and deferred income
-€500
Investment (derived)
-€16,668
Investment in fixed assets (net)
-€16,668
Financing
-€35,590
Debts after one year
-€35,934
Current portion of long-term debt
+€344
Cash 2025
€47,460
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,136,932 | €1,106,476 | -€30,456 | -2.7% |
| Fixed assets | 21/28 | €1,076,363 | €1,053,592 | -€22,771 | -2.1% |
| Tangible fixed assets | 22/27 | €1,076,363 | €1,053,592 | -€22,771 | -2.1% |
| Land and buildings | 22 | €1,073,579 | €1,052,183 | -€21,396 | -2.0% |
| Plant, machinery and equipment | 23 | €2,784 | €1,409 | -€1,375 | -49.4% |
| Current assets | 29/58 | €60,569 | €52,884 | -€7,685 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,947 | €4,620 | +€2,673 | +137% |
| Trade receivables | 40 | €150 | €1,650 | +€1,500 | +1,000% |
| Other amounts receivable | 41 | €1,797 | €2,970 | +€1,173 | +65.3% |
| Cash at bank and in hand | 54/58 | €56,122 | €47,460 | -€8,662 | -15.4% |
| Deferred charges and accrued income | 490/1 | €2,500 | €804 | -€1,696 | -67.8% |
| Total equity and liabilities | 10/49 | €1,136,932 | €1,106,476 | -€30,456 | -2.7% |
| Equity | 10/15 | €482,661 | €492,762 | +€10,101 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €300,285 | €290,864 | -€9,421 | -3.1% |
| Tax-exempt reserves | 132 | €253,590 | €244,169 | -€9,421 | -3.7% |
| Distributable reserves | 133 | €46,695 | €46,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,784 | €183,306 | +€19,522 | +11.9% |
| Provisions and deferred taxes | 16 | €115,775 | €110,924 | -€4,851 | -4.2% |
| Deferred taxes | 168 | €115,775 | €110,924 | -€4,851 | -4.2% |
| Amounts payable | 17/49 | €538,496 | €502,790 | -€35,706 | -6.6% |
| Amounts payable after more than one year | 17 | €38,944 | €3,010 | -€35,934 | -92.3% |
| Financial debts | 170/4 | €38,944 | €3,010 | -€35,934 | -92.3% |
| Amounts payable within one year | 42/48 | €499,052 | €499,780 | +€729 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €35,590 | €35,934 | +€344 | +1.0% |
| Trade debts | 44 | €1,810 | €2,195 | +€384 | +21.2% |
| Suppliers | 440/4 | €1,810 | €2,195 | +€384 | +21.2% |
| Other amounts payable | 47/48 | €461,651 | €461,651 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,772 | €39,439 | +€1,667 | +4.4% |
| Other operating charges | 640/8 | €5,466 | €5,676 | +€210 | +3.8% |
| Gross operating margin | 9900 | €60,934 | €57,213 | -€3,721 | -6.1% |
| Operating profit (loss) | 9901 | €17,697 | €12,098 | -€5,598 | -31.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,219 | €819 | -€400 | -32.9% |
| Recurring financial charges | 65 | €1,219 | €819 | -€400 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €16,478 | €11,280 | -€5,198 | -31.5% |
| Transfer from deferred taxes | 780 | €4,851 | €4,851 | = | 0.0% |
| Income taxes | 67/77 | €7,703 | €6,030 | -€1,673 | -21.7% |
| Profit (loss) for the period | 9904 | €13,626 | €10,101 | -€3,525 | -25.9% |
| Transfer from tax-exempt reserves | 789 | €9,421 | €9,421 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,047 | €19,522 | -€3,525 | -15.3% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.