DEFRAJO: what changed
What changed
DEFRAJO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€4,864
2024 · €6,807-€1,943
Equity
€387,905
2024 · €383,041+€4,864
Cash
€15,073
2024 · €15,015+€57
Balance sheet total
€669,129
2024 · €641,263+€27,866
Largest movements
Assets
- Tangible fixed assets +€107,433
up €107,433 (+23.4%), from €458,171 to €565,604
of which Land and buildings: +€125,026
- Receivables within one year -€79,599
down €79,599 (-48.9%), from €162,914 to €83,315
of which Other amounts receivable: -€78,967
Equity and liabilities
- Other debts +€56,531
new in 2025: €56,531
- Reserves -€30,125
down €30,125 (-9.4%), from €319,405 to €289,280
of which Distributable reserves: -€20,000
- Trade debts -€25,125
down €25,125 (-59.6%), from €42,159 to €17,034
- Revaluation surpluses +€20,000
new in 2025: €20,000
- Accrued charges and deferred income +€20,000
new in 2025: €20,000
Income statement
- Taxes -€7,720
down €7,720 (-44.7%), from €17,279 to €9,559
- Staff costs +€6,132
up €6,132 (+22.2%), from €27,676 to €33,807
- Other operating charges +€3,154
up €3,154 (+64.5%), from €4,889 to €8,043
- Depreciation -€3,120
down €3,120 (-7.0%), from €44,359 to €41,239
- Financial charges +€2,828
up €2,828 (+28.3%), from €9,976 to €12,804
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.
Result 2024
€6,807
Gross operating margin
-€1,634
Staff costs
-€6,132
Depreciation
+€3,120
Other operating charges
-€3,154
Financial income
+€965
Financial charges
-€2,828
Taxes
+€7,720
Result 2025
€4,864
raises the resultlowers the result
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.
From operations
+€166,962
Investment
-€148,672
Financing
-€18,233
Cash 2024
€15,015
From operations (derived)
+€166,962
Net result for the year
+€4,864
Depreciation
+€41,239
Stocks and contracts
+€25
Receivables within one year
+€79,599
Provisions
-€3,375
Trade debts
-€25,125
Tax, wage and social debts
-€6,796
Other debts
+€56,531
Accrued charges and deferred income
+€20,000
Investment (derived)
-€148,672
Investment in fixed assets (net)
-€148,672
Financing
-€18,233
Debts after one year
-€17,772
Current portion of long-term debt
-€461
Cash 2025
€15,073
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €641,263 | €669,129 | +€27,866 | +4.3% |
| Fixed assets | 21/28 | €458,171 | €565,604 | +€107,433 | +23.4% |
| Tangible fixed assets | 22/27 | €458,171 | €565,604 | +€107,433 | +23.4% |
| Land and buildings | 22 | €258,623 | €383,649 | +€125,026 | +48.3% |
| Plant, machinery and equipment | 23 | €11,145 | €7,189 | -€3,956 | -35.5% |
| Furniture and vehicles | 24 | €186,057 | €172,782 | -€13,275 | -7.1% |
| Other tangible fixed assets | 26 | €2,346 | €1,984 | -€362 | -15.4% |
| Current assets | 29/58 | €183,092 | €103,525 | -€79,567 | -43.5% |
| Stocks and contracts in progress | 3 | €5,163 | €5,138 | -€25 | -0.5% |
| Stocks | 30/36 | €5,163 | €5,138 | -€25 | -0.5% |
| Amounts receivable within one year | 40/41 | €162,914 | €83,315 | -€79,599 | -48.9% |
| Trade receivables | 40 | €63,406 | €62,775 | -€632 | -1.0% |
| Other amounts receivable | 41 | €99,507 | €20,540 | -€78,967 | -79.4% |
| Cash at bank and in hand | 54/58 | €15,015 | €15,073 | +€57 | +0.4% |
| Total equity and liabilities | 10/49 | €641,263 | €669,129 | +€27,866 | +4.3% |
| Equity | 10/15 | €383,041 | €387,905 | +€4,864 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €319,405 | €289,280 | -€30,125 | -9.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,913 | €79,788 | -€10,125 | -11.3% |
| Distributable reserves | 133 | €227,632 | €207,632 | -€20,000 | -8.8% |
| Profit (loss) carried forward | 14 | €45,036 | €60,025 | +€14,989 | +33.3% |
| Provisions and deferred taxes | 16 | €29,497 | €26,122 | -€3,375 | -11.4% |
| Deferred taxes | 168 | €29,497 | €26,122 | -€3,375 | -11.4% |
| Amounts payable | 17/49 | €228,725 | €255,103 | +€26,377 | +11.5% |
| Amounts payable after more than one year | 17 | €148,912 | €131,140 | -€17,772 | -11.9% |
| Financial debts | 170/4 | €148,912 | €131,140 | -€17,772 | -11.9% |
| Amounts payable within one year | 42/48 | €79,813 | €103,962 | +€24,149 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €17,812 | €17,352 | -€461 | -2.6% |
| Trade debts | 44 | €42,159 | €17,034 | -€25,125 | -59.6% |
| Suppliers | 440/4 | €42,159 | €17,034 | -€25,125 | -59.6% |
| Taxes, remuneration and social security | 45 | €19,842 | €13,045 | -€6,796 | -34.3% |
| Taxes | 450/3 | €16,118 | €9,620 | -€6,498 | -40.3% |
| Remuneration and social security | 454/9 | €3,723 | €3,426 | -€298 | -8.0% |
| Other amounts payable | 47/48 | - | €56,531 | +€56,531 | |
| Accrued charges and deferred income | 492/3 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €27,676 | €33,807 | +€6,132 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,359 | €41,239 | -€3,120 | -7.0% |
| Other operating charges | 640/8 | €4,889 | €8,043 | +€3,154 | +64.5% |
| Gross operating margin | 9900 | €104,317 | €102,683 | -€1,634 | -1.6% |
| Operating profit (loss) | 9901 | €27,393 | €19,593 | -€7,800 | -28.5% |
| Financial income | 75/76B | €3,293 | €4,258 | +€965 | +29.3% |
| Recurring financial income | 75 | €3,293 | €4,258 | +€965 | +29.3% |
| Financial charges | 65/66B | €9,976 | €12,804 | +€2,828 | +28.3% |
| Recurring financial charges | 65 | €9,976 | €12,804 | +€2,828 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €20,711 | €11,047 | -€9,663 | -46.7% |
| Transfer from deferred taxes | 780 | €3,375 | €3,375 | = | 0.0% |
| Income taxes | 67/77 | €17,279 | €9,559 | -€7,720 | -44.7% |
| Profit (loss) for the period | 9904 | €6,807 | €4,864 | -€1,943 | -28.5% |
| Transfer from tax-exempt reserves | 789 | €10,125 | €10,125 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,932 | €14,989 | -€1,943 | -11.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.