DEFRACO: 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.
DEFRACO
Largest movements
- Tangible fixed assets +€102,821
up €102,821 (+16.8%), from €611,086 to €713,907
of which Plant, machinery and equipment: +€108,259
- Cash -€65,152
down €65,152 (-19.7%), from €330,416 to €265,264
mainly Investment in fixed assets (net) (-€346,306) and Trade debts (-€64,879)
- Trade debts -€64,879
down €64,879 (-30.0%), from €216,079 to €151,200
- Reserves +€49,941
up €49,941 (+12.1%), from €412,477 to €462,419
of which Distributable reserves: +€49,941
- Debts after one year +€48,677
up €48,677 (+18.9%), from €257,350 to €306,027
- Tax, wage and social debts -€17,086
down €17,086 (-48.0%), from €35,568 to €18,481
of which Taxes: -€20,551
- Depreciation +€69,738
up €69,738 (+40.1%), from €173,748 to €243,486
- Gross operating margin -€34,320
down €34,320 (-8.0%), from €428,903 to €394,583
- Taxes -€27,337
down €27,337 (-65.5%), from €41,746 to €14,409
- Other operating charges -€11,075
down €11,075 (-63.5%), from €17,455 to €6,380
- Financial charges +€9,462
up €9,462 (+37.1%), from €25,496 to €34,959
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 | €1,265,764 | €1,303,152 | +€37,387 | +3.0% |
| Fixed assets | 21/28 | €612,836 | €715,657 | +€102,821 | +16.8% |
| Tangible fixed assets | 22/27 | €611,086 | €713,907 | +€102,821 | +16.8% |
| Land and buildings | 22 | €11,273 | €9,565 | -€1,708 | -15.2% |
| Plant, machinery and equipment | 23 | €531,722 | €639,981 | +€108,259 | +20.4% |
| Furniture and vehicles | 24 | €68,091 | €64,361 | -€3,730 | -5.5% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €652,928 | €587,494 | -€65,433 | -10.0% |
| Stocks and contracts in progress | 3 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Stocks | 30/36 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Amounts receivable within one year | 40/41 | €304,937 | €302,109 | -€2,828 | -0.9% |
| Trade receivables | 40 | €262,321 | €249,576 | -€12,745 | -4.9% |
| Other amounts receivable | 41 | €42,616 | €52,533 | +€9,917 | +23.3% |
| Cash at bank and in hand | 54/58 | €330,416 | €265,264 | -€65,152 | -19.7% |
| Deferred charges and accrued income | 490/1 | €12,575 | €13,622 | +€1,046 | +8.3% |
| Total equity and liabilities | 10/49 | €1,265,764 | €1,303,152 | +€37,387 | +3.0% |
| Equity | 10/15 | €432,477 | €482,419 | +€49,941 | +11.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €412,477 | €462,419 | +€49,941 | +12.1% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,750 | €6,750 | = | 0.0% |
| Distributable reserves | 133 | €402,727 | €452,669 | +€49,941 | +12.4% |
| Provisions and deferred taxes | 16 | €2,250 | €2,250 | = | 0.0% |
| Deferred taxes | 168 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable | 17/49 | €831,037 | €818,483 | -€12,554 | -1.5% |
| Amounts payable after more than one year | 17 | €257,350 | €306,027 | +€48,677 | +18.9% |
| Financial debts | 170/4 | €257,350 | €306,027 | +€48,677 | +18.9% |
| Amounts payable within one year | 42/48 | €573,686 | €512,455 | -€61,231 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €113,783 | €112,140 | -€1,643 | -1.4% |
| Financial debts | 43 | €15,054 | €27,111 | +€12,057 | +80.1% |
| Credit institutions | 430/8 | €15,054 | €27,111 | +€12,057 | +80.1% |
| Trade debts | 44 | €216,079 | €151,200 | -€64,879 | -30.0% |
| Suppliers | 440/4 | €216,079 | €151,200 | -€64,879 | -30.0% |
| Taxes, remuneration and social security | 45 | €35,568 | €18,481 | -€17,086 | -48.0% |
| Taxes | 450/3 | €25,571 | €5,020 | -€20,551 | -80.4% |
| Remuneration and social security | 454/9 | €9,997 | €13,461 | +€3,465 | +34.7% |
| Other amounts payable | 47/48 | €193,204 | €203,523 | +€10,319 | +5.3% |
| Non-recurring operating income | 76A | €36,000 | €0 | -€36,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,149 | €45,479 | +€4,330 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,748 | €243,486 | +€69,738 | +40.1% |
| Other operating charges | 640/8 | €17,455 | €6,380 | -€11,075 | -63.5% |
| Gross operating margin | 9900 | €428,903 | €394,583 | -€34,320 | -8.0% |
| Operating profit (loss) | 9901 | €196,551 | €99,239 | -€97,312 | -49.5% |
| Financial income | 75/76B | €5 | €70 | +€66 | +1352.4% |
| Recurring financial income | 75 | €5 | €70 | +€66 | +1352.4% |
| Financial charges | 65/66B | €25,496 | €34,959 | +€9,462 | +37.1% |
| Recurring financial charges | 65 | €25,496 | €34,959 | +€9,462 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | €171,059 | €64,350 | -€106,709 | -62.4% |
| Income taxes | 67/77 | €41,746 | €14,409 | -€27,337 | -65.5% |
| Profit (loss) for the period | 9904 | €129,314 | €49,941 | -€79,372 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,314 | €49,941 | -€79,372 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.