DEFRA: what changed
Two fiscal 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.
DEFRA
Largest movements
- Tangible fixed assets -€39,776
down €39,776 (-1.5%), from €2.7m to €2.6m
of which Land and buildings: -€35,312
- Other debts +€198,091
up €198,091 (+440.6%), from €44,963 to €243,055
- Debts after one year -€138,336
down €138,336 (-23.7%), from €583,672 to €445,336
of which Financial debts: -€88,336
- Reserves -€69,177
down €69,177 (-12.6%), from €547,668 to €478,491
of which Tax-exempt reserves: -€71,992
- Taxes +€19,969
up €19,969 (+40.8%), from €48,953 to €68,923
- Gross operating margin -€12,081
down €12,081 (-4.6%), from €265,410 to €253,329
- Depreciation -€6,720
down €6,720 (-14.5%), from €46,496 to €39,776
- Financial charges -€3,588
down €3,588 (-19.1%), from €18,780 to €15,192
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 | €2,740,970 | €2,705,270 | -€35,699 | -1.3% |
| Fixed assets | 21/28 | €2,652,476 | €2,612,700 | -€39,776 | -1.5% |
| Tangible fixed assets | 22/27 | €2,651,311 | €2,611,535 | -€39,776 | -1.5% |
| Land and buildings | 22 | €2,645,003 | €2,609,691 | -€35,312 | -1.3% |
| Plant, machinery and equipment | 23 | €6,308 | €1,843 | -€4,464 | -70.8% |
| Financial fixed assets | 28 | €1,165 | €1,165 | = | 0.0% |
| Current assets | 29/58 | €88,493 | €92,570 | +€4,077 | +4.6% |
| Amounts receivable within one year | 40/41 | €68,344 | €65,633 | -€2,711 | -4.0% |
| Trade receivables | 40 | €54,221 | €41,120 | -€13,101 | -24.2% |
| Other amounts receivable | 41 | €14,123 | €24,513 | +€10,389 | +73.6% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,149 | €26,937 | +€6,788 | +33.7% |
| Total equity and liabilities | 10/49 | €2,740,970 | €2,705,270 | -€35,699 | -1.3% |
| Equity | 10/15 | €1,862,106 | €1,792,929 | -€69,177 | -3.7% |
| Contributions | 10/11 | €38,550 | €38,550 | = | 0.0% |
| Revaluation surpluses | 12 | €1,275,888 | €1,275,888 | = | 0.0% |
| Reserves | 13 | €547,668 | €478,491 | -€69,177 | -12.6% |
| Non-distributable reserves | 130/1 | €3,855 | €3,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,855 | €3,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,376 | €63,383 | -€71,992 | -53.2% |
| Distributable reserves | 133 | €408,438 | €411,253 | +€2,815 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €23,997 | - | -€23,997 | |
| Deferred taxes | 168 | €23,997 | - | -€23,997 | |
| Amounts payable | 17/49 | €854,866 | €912,341 | +€57,475 | +6.7% |
| Amounts payable after more than one year | 17 | €583,672 | €445,336 | -€138,336 | -23.7% |
| Financial debts | 170/4 | €443,672 | €355,336 | -€88,336 | -19.9% |
| Other amounts payable | 178/9 | €140,000 | €90,000 | -€50,000 | -35.7% |
| Amounts payable within one year | 42/48 | €230,748 | €426,559 | +€195,811 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | €111,999 | €86,333 | -€25,666 | -22.9% |
| Financial debts | 43 | €32,500 | €32,500 | = | 0.0% |
| Credit institutions | 430/8 | €32,500 | €32,500 | = | 0.0% |
| Trade debts | 44 | €36,408 | €36,582 | +€174 | +0.5% |
| Suppliers | 440/4 | €36,408 | €36,582 | +€174 | +0.5% |
| Taxes, remuneration and social security | 45 | €4,878 | €28,090 | +€23,212 | +475.8% |
| Taxes | 450/3 | €4,878 | €28,090 | +€23,212 | +475.8% |
| Other amounts payable | 47/48 | €44,963 | €243,055 | +€198,091 | +440.6% |
| Accrued charges and deferred income | 492/3 | €40,446 | €40,446 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,496 | €39,776 | -€6,720 | -14.5% |
| Other operating charges | 640/8 | €20,650 | €22,643 | +€1,993 | +9.7% |
| Gross operating margin | 9900 | €265,410 | €253,329 | -€12,081 | -4.6% |
| Operating profit (loss) | 9901 | €198,264 | €190,910 | -€7,353 | -3.7% |
| Financial income | 75/76B | €29 | €30 | +€1 | +3.0% |
| Recurring financial income | 75 | €29 | €30 | +€1 | +3.0% |
| Financial charges | 65/66B | €18,780 | €15,192 | -€3,588 | -19.1% |
| Recurring financial charges | 65 | €18,780 | €15,192 | -€3,588 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €179,512 | €175,748 | -€3,765 | -2.1% |
| Transfer from deferred taxes | 780 | - | €23,997 | +€23,997 | |
| Income taxes | 67/77 | €48,953 | €68,923 | +€19,969 | +40.8% |
| Profit (loss) for the period | 9904 | €130,559 | €130,823 | +€264 | +0.2% |
| Transfer from tax-exempt reserves | 789 | - | €71,992 | +€71,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,559 | €202,815 | +€72,256 | +55.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.