DEFITEX: 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.
DEFITEX
Largest movements
- Stocks and contracts -€4,590
down €4,590 (-5.4%), from €85,360 to €80,770
- Tangible fixed assets -€3,500
down €3,500 (-20.8%), from €16,834 to €13,333
of which Other tangible fixed assets: -€2,184
- Cash -€2,659
down €2,659 (-20.2%), from €13,166 to €10,508
mainly Net result for the year (-€73,954) and Investment in fixed assets (net) (-€7,000)
- Profit (loss) carried forward -€73,954
down €73,954 (-197%), from -€37,537 to -€111,491
- Tax, wage and social debts +€48,712
up €48,712 (+276%), from €17,629 to €66,341
of which Remuneration and social security: +€49,536
- Other debts +€14,069
up €14,069 (+27.1%), from €51,955 to €66,023
- Staff costs +€44,221
up €44,221 (+34.1%), from €129,767 to €173,988
- Gross operating margin -€28,497
down €28,497 (-19.7%), from €144,796 to €116,299
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 | €116,539 | €105,483 | -€11,056 | -9.5% |
| Fixed assets | 21/28 | €16,834 | €13,333 | -€3,500 | -20.8% |
| Tangible fixed assets | 22/27 | €16,834 | €13,333 | -€3,500 | -20.8% |
| Land and buildings | 22 | €100 | €0 | -€100 | -100% |
| Plant, machinery and equipment | 23 | €1,499 | €600 | -€898 | -59.9% |
| Furniture and vehicles | 24 | €894 | €576 | -€318 | -35.6% |
| Other tangible fixed assets | 26 | €14,342 | €12,157 | -€2,184 | -15.2% |
| Current assets | 29/58 | €99,705 | €92,150 | -€7,555 | -7.6% |
| Stocks and contracts in progress | 3 | €85,360 | €80,770 | -€4,590 | -5.4% |
| Stocks | 30/36 | €85,360 | €80,770 | -€4,590 | -5.4% |
| Amounts receivable within one year | 40/41 | €1,179 | €872 | -€307 | -26.0% |
| Other amounts receivable | 41 | €1,179 | €872 | -€307 | -26.0% |
| Cash at bank and in hand | 54/58 | €13,166 | €10,508 | -€2,659 | -20.2% |
| Total equity and liabilities | 10/49 | €116,539 | €105,483 | -€11,056 | -9.5% |
| Equity | 10/15 | €32,890 | -€41,064 | -€73,954 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,836 | €51,836 | = | 0.0% |
| Distributable reserves | 133 | €51,836 | €51,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,537 | -€111,491 | -€73,954 | -197% |
| Amounts payable | 17/49 | €83,649 | €146,547 | +€62,898 | +75.2% |
| Amounts payable within one year | 42/48 | €83,649 | €146,547 | +€62,898 | +75.2% |
| Financial debts | 43 | €130 | €508 | +€378 | +290% |
| Credit institutions | 430/8 | €130 | €508 | +€378 | +290% |
| Trade debts | 44 | €13,935 | €13,674 | -€261 | -1.9% |
| Suppliers | 440/4 | €13,935 | €13,674 | -€261 | -1.9% |
| Taxes, remuneration and social security | 45 | €17,629 | €66,341 | +€48,712 | +276% |
| Taxes | 450/3 | €11,023 | €10,200 | -€824 | -7.5% |
| Remuneration and social security | 454/9 | €6,605 | €56,141 | +€49,536 | +750% |
| Other amounts payable | 47/48 | €51,955 | €66,023 | +€14,069 | +27.1% |
| Remuneration, social security and pensions | 62 | €129,767 | €173,988 | +€44,221 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,369 | €10,500 | -€869 | -7.6% |
| Other operating charges | 640/8 | €5,123 | €4,966 | -€157 | -3.1% |
| Gross operating margin | 9900 | €144,796 | €116,299 | -€28,497 | -19.7% |
| Operating profit (loss) | 9901 | -€1,464 | -€73,156 | -€71,692 | -4,898% |
| Financial income | 75/76B | €694 | €351 | -€342 | -49.3% |
| Recurring financial income | 75 | €694 | €351 | -€342 | -49.3% |
| Financial charges | 65/66B | €376 | €974 | +€598 | +159% |
| Recurring financial charges | 65 | €376 | €974 | +€598 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€1,146 | -€73,778 | -€72,633 | -6,340% |
| Income taxes | 67/77 | €293 | €176 | -€117 | -40.0% |
| Profit (loss) for the period | 9904 | -€1,438 | -€73,954 | -€72,516 | -5,042% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,438 | -€73,954 | -€72,516 | -5,042% |
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.