DEFRA CARS: what changed
DEFRA CARS
Largest movements
- Receivables within one year -€22,609
down €22,609 (-84.3%), from €26,831 to €4,223
of which Other amounts receivable: -€20,225
- Stocks and contracts +€14,261
up €14,261 (+12.4%), from €114,788 to €129,049
- Tangible fixed assets -€6,596
down €6,596 (-37.1%), from €17,793 to €11,197
of which Other tangible fixed assets: -€3,469
- Cash +€1,740
up €1,740 (+31.2%), from €5,573 to €7,313
mainly Net result for the year (+€26,054) and Trade debts (+€25,033)
- Debts after one year -€33,907
down €33,907 (-29.4%), from €115,514 to €81,606
- Short-term financial debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Profit (loss) carried forward +€26,054
up €26,054 (+36.1%), from -€72,102 to -€46,048
- Trade debts +€25,033
up €25,033 (+43.0%), from €58,229 to €83,262
- Gross operating margin +€26,105
up €26,105 (+160%), from €16,293 to €42,398
- Staff costs +€2,898
new in 2025: €2,898
- Other operating charges +€1,881
up €1,881 (+78.3%), from €2,403 to €4,284
- Financial charges -€1,288
down €1,288 (-49.8%), from €2,586 to €1,298
of which Financial charges: -€683
- Depreciation -€1,207
down €1,207 (-13.3%), from €9,071 to €7,864
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,399 | €152,840 | -€13,559 | -8.1% |
| Fixed assets | 21/28 | €17,793 | €11,197 | -€6,596 | -37.1% |
| Tangible fixed assets | 22/27 | €17,793 | €11,197 | -€6,596 | -37.1% |
| Plant, machinery and equipment | 23 | €61 | €0 | -€61 | -100% |
| Furniture and vehicles | 24 | €4,290 | €1,224 | -€3,066 | -71.5% |
| Other tangible fixed assets | 26 | €13,442 | €9,973 | -€3,469 | -25.8% |
| Current assets | 29/58 | €148,606 | €141,643 | -€6,963 | -4.7% |
| Stocks and contracts in progress | 3 | €114,788 | €129,049 | +€14,261 | +12.4% |
| Stocks | 30/36 | €114,788 | €129,049 | +€14,261 | +12.4% |
| Amounts receivable within one year | 40/41 | €26,831 | €4,223 | -€22,609 | -84.3% |
| Trade receivables | 40 | €6,511 | €4,128 | -€2,384 | -36.6% |
| Other amounts receivable | 41 | €20,320 | €95 | -€20,225 | -99.5% |
| Cash at bank and in hand | 54/58 | €5,573 | €7,313 | +€1,740 | +31.2% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,058 | -€355 | -25.1% |
| Total equity and liabilities | 10/49 | €166,399 | €152,840 | -€13,559 | -8.1% |
| Equity | 10/15 | -€53,502 | -€27,448 | +€26,054 | +48.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,102 | -€46,048 | +€26,054 | +36.1% |
| Amounts payable | 17/49 | €219,900 | €180,288 | -€39,613 | -18.0% |
| Amounts payable after more than one year | 17 | €115,514 | €81,606 | -€33,907 | -29.4% |
| Financial debts | 170/4 | €115,514 | €81,606 | -€33,907 | -29.4% |
| Amounts payable within one year | 42/48 | €104,387 | €98,681 | -€5,705 | -5.5% |
| Financial debts | 43 | €30,000 | €0 | -€30,000 | -100% |
| Other loans | 439 | €30,000 | €0 | -€30,000 | -100% |
| Trade debts | 44 | €58,229 | €83,262 | +€25,033 | +43.0% |
| Suppliers | 440/4 | €58,229 | €83,262 | +€25,033 | +43.0% |
| Taxes, remuneration and social security | 45 | €4,158 | €3,419 | -€739 | -17.8% |
| Taxes | 450/3 | €4,158 | €3,419 | -€739 | -17.8% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €2,898 | +€2,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,071 | €7,864 | -€1,207 | -13.3% |
| Other operating charges | 640/8 | €2,403 | €4,284 | +€1,881 | +78.3% |
| Gross operating margin | 9900 | €16,293 | €42,398 | +€26,105 | +160% |
| Operating profit (loss) | 9901 | €4,819 | €27,352 | +€22,533 | +468% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €2,586 | €1,298 | -€1,288 | -49.8% |
| Recurring financial charges | 65 | €1,981 | €1,298 | -€683 | -34.5% |
| Non-recurring financial charges | 66B | €605 | - | -€605 | |
| Profit (loss) for the period before taxes | 9903 | €2,259 | €26,054 | +€23,795 | +1,054% |
| Profit (loss) for the period | 9904 | €2,259 | €26,054 | +€23,795 | +1,054% |
| Profit (loss) for the period to be appropriated | 9905 | €2,259 | €26,054 | +€23,795 | +1,054% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.