DEFITECH: 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.
DEFITECH
Largest movements
- Tangible fixed assets +€20,330
up €20,330 (+1398.2%), from €1,454 to €21,784
of which Furniture and vehicles: +€20,330
- Receivables within one year +€12,325
up €12,325 (+27.6%), from €44,592 to €56,917
of which Trade receivables: +€17,998
- Cash +€4,839
up €4,839 (+9.7%), from €49,961 to €54,801
mainly Debts after one year (+€15,454) and Other debts (+€8,210)
- Stocks and contracts -€3,910
down €3,910 (-28.9%), from €13,550 to €9,640
- Debts after one year +€15,454
new in 2025: €15,454
- Other debts +€8,210
up €8,210 (+389.7%), from €2,107 to €10,317
- Accrued charges and deferred income +€5,015
up €5,015, from €0 to €5,015
- Trade debts +€4,835
up €4,835 (+37.2%), from €12,992 to €17,827
- Tax, wage and social debts -€3,409
down €3,409 (-68.7%), from €4,960 to €1,551
of which Remuneration and social security: -€4,400
- Turnover -€64,104
down €64,104 (-17.9%), from €358,784 to €294,680
- Purchases and services -€39,675
down €39,675 (-11.8%), from €335,761 to €296,086
- Gross operating margin -€18,054
down €18,054 (-65.8%), from €27,445 to €9,391
- Write-downs -€4,350
no longer reported in 2025 (was €4,350)
- Staff costs -€3,761
down €3,761 (-84.7%), from €4,442 to €681
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 | €114,569 | €149,523 | +€34,954 | +30.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,457 | €24,787 | +€20,330 | +456.2% |
| Tangible fixed assets | 22/27 | €1,454 | €21,784 | +€20,330 | +1398.2% |
| Furniture and vehicles | 24 | €1,454 | €21,784 | +€20,330 | +1398.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,003 | €3,003 | = | 0.0% |
| Current assets | 29/58 | €110,112 | €124,736 | +€14,624 | +13.3% |
| Stocks and contracts in progress | 3 | €13,550 | €9,640 | -€3,910 | -28.9% |
| Stocks | 30/36 | €13,550 | €9,640 | -€3,910 | -28.9% |
| Amounts receivable within one year | 40/41 | €44,592 | €56,917 | +€12,325 | +27.6% |
| Trade receivables | 40 | €32,309 | €50,307 | +€17,998 | +55.7% |
| Other amounts receivable | 41 | €12,283 | €6,610 | -€5,673 | -46.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €49,961 | €54,801 | +€4,839 | +9.7% |
| Deferred charges and accrued income | 490/1 | €2,009 | €3,379 | +€1,370 | +68.2% |
| Total equity and liabilities | 10/49 | €114,569 | €149,523 | +€34,954 | +30.5% |
| Equity | 10/15 | €94,509 | €97,548 | +€3,039 | +3.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Capital | 10 | €14,874 | €14,874 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €3,718 | €3,718 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,777 | €80,815 | +€3,039 | +3.9% |
| Amounts payable | 17/49 | €20,060 | €51,975 | +€31,915 | +159.1% |
| Amounts payable after more than one year | 17 | - | €15,454 | +€15,454 | |
| Financial debts | 170/4 | - | €15,454 | +€15,454 | |
| Amounts payable within one year | 42/48 | €20,060 | €31,506 | +€11,446 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,811 | +€1,811 | |
| Trade debts | 44 | €12,992 | €17,827 | +€4,835 | +37.2% |
| Suppliers | 440/4 | €12,992 | €17,827 | +€4,835 | +37.2% |
| Taxes, remuneration and social security | 45 | €4,960 | €1,551 | -€3,409 | -68.7% |
| Taxes | 450/3 | €560 | €1,551 | +€991 | +176.8% |
| Remuneration and social security | 454/9 | €4,400 | €0 | -€4,400 | -100.0% |
| Other amounts payable | 47/48 | €2,107 | €10,317 | +€8,210 | +389.7% |
| Accrued charges and deferred income | 492/3 | €0 | €5,015 | +€5,015 | |
| Turnover | 70 | €358,784 | €294,680 | -€64,104 | -17.9% |
| Non-recurring operating income | 76A | €143 | - | -€143 | |
| Goods, raw materials, services and sundry goods | 60/61 | €335,761 | €296,086 | -€39,675 | -11.8% |
| Remuneration, social security and pensions | 62 | €4,442 | €681 | -€3,761 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €953 | €1,581 | +€628 | +65.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,350 | - | -€4,350 | |
| Other operating charges | 640/8 | €2,117 | €2,120 | +€3 | +0.1% |
| Gross operating margin | 9900 | €27,445 | €9,391 | -€18,054 | -65.8% |
| Operating profit (loss) | 9901 | €15,583 | €5,010 | -€10,574 | -67.9% |
| Financial income | 75/76B | €47 | €86 | +€39 | +83.4% |
| Recurring financial income | 75 | €47 | €86 | +€39 | +83.4% |
| Financial charges | 65/66B | €374 | €410 | +€36 | +9.6% |
| Recurring financial charges | 65 | €374 | €410 | +€36 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €15,256 | €4,685 | -€10,571 | -69.3% |
| Income taxes | 67/77 | €574 | €1,646 | +€1,072 | +186.6% |
| Profit (loss) for the period | 9904 | €14,681 | €3,039 | -€11,643 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,681 | €3,039 | -€11,643 | -79.3% |
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 12 October 2026 via checked.be.