DEFLEM: 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.
DEFLEM
Largest movements
- Cash -€27,610
down €27,610 (-82.4%), from €33,503 to €5,893
mainly Contributions, distributions and other (-€35,000) and Debts after one year (-€6,405)
- Tangible fixed assets -€7,125
down €7,125 (-13.7%), from €52,162 to €45,037
of which Other tangible fixed assets: -€5,900
- Receivables within one year -€5,587
down €5,587 (-23.3%), from €23,956 to €18,369
of which Trade receivables: -€9,390
- Deferred charges and accrued income -€1,943
down €1,943 (-19.9%), from €9,747 to €7,804
- Reserves -€33,816
down €33,816 (-48.5%), from €69,793 to €35,977
- Debts after one year -€6,405
down €6,405 (-23.4%), from €27,376 to €20,971
- Trade debts +€3,426
up €3,426 (+537%), from €638 to €4,065
- Other debts -€2,996
down €2,996 (-70.2%), from €4,269 to €1,273
- Tax, wage and social debts -€2,723
down €2,723 (-33.5%), from €8,134 to €5,411
of which Taxes: -€2,723
- Gross operating margin -€21,328
down €21,328 (-58.9%), from €36,204 to €14,877
- Financial charges -€921
down €921 (-19.2%), from €4,796 to €3,875
- Taxes -€906
down €906 (-41.9%), from €2,163 to €1,257
- Depreciation -€619
down €619 (-8.0%), from €7,744 to €7,125
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 | €119,369 | €77,103 | -€42,266 | -35.4% |
| Fixed assets | 21/28 | €52,162 | €45,037 | -€7,125 | -13.7% |
| Tangible fixed assets | 22/27 | €52,162 | €45,037 | -€7,125 | -13.7% |
| Plant, machinery and equipment | 23 | €2,791 | €1,914 | -€877 | -31.4% |
| Furniture and vehicles | 24 | €349 | €0 | -€349 | -100% |
| Other tangible fixed assets | 26 | €49,023 | €43,123 | -€5,900 | -12.0% |
| Current assets | 29/58 | €67,206 | €32,066 | -€35,141 | -52.3% |
| Amounts receivable within one year | 40/41 | €23,956 | €18,369 | -€5,587 | -23.3% |
| Trade receivables | 40 | €23,849 | €14,460 | -€9,390 | -39.4% |
| Other amounts receivable | 41 | €107 | €3,910 | +€3,802 | +3,541% |
| Cash at bank and in hand | 54/58 | €33,503 | €5,893 | -€27,610 | -82.4% |
| Deferred charges and accrued income | 490/1 | €9,747 | €7,804 | -€1,943 | -19.9% |
| Total equity and liabilities | 10/49 | €119,369 | €77,103 | -€42,266 | -35.4% |
| Equity | 10/15 | €72,793 | €38,977 | -€33,816 | -46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,793 | €35,977 | -€33,816 | -48.5% |
| Distributable reserves | 133 | €69,793 | €35,977 | -€33,816 | -48.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,575 | €38,125 | -€8,450 | -18.1% |
| Amounts payable after more than one year | 17 | €27,376 | €20,971 | -€6,405 | -23.4% |
| Financial debts | 170/4 | €27,376 | €20,971 | -€6,405 | -23.4% |
| Amounts payable within one year | 42/48 | €19,199 | €17,154 | -€2,045 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €6,133 | €6,405 | +€272 | +4.4% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €638 | €4,065 | +€3,426 | +537% |
| Suppliers | 440/4 | €638 | €4,065 | +€3,426 | +537% |
| Taxes, remuneration and social security | 45 | €8,134 | €5,411 | -€2,723 | -33.5% |
| Taxes | 450/3 | €8,134 | €5,411 | -€2,723 | -33.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,269 | €1,273 | -€2,996 | -70.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,744 | €7,125 | -€619 | -8.0% |
| Other operating charges | 640/8 | €1,233 | €1,436 | +€202 | +16.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €36,204 | €14,877 | -€21,328 | -58.9% |
| Operating profit (loss) | 9901 | €27,227 | €6,316 | -€20,911 | -76.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,796 | €3,875 | -€921 | -19.2% |
| Recurring financial charges | 65 | €4,796 | €3,875 | -€921 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €22,430 | €2,441 | -€19,990 | -89.1% |
| Income taxes | 67/77 | €2,163 | €1,257 | -€906 | -41.9% |
| Profit (loss) for the period | 9904 | €20,267 | €1,184 | -€19,083 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,267 | €1,184 | -€19,083 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.