DEFRAMID: 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.
DEFRAMID
Largest movements
- Cash -€236,345
down €236,345 (-57.1%), from €414,075 to €177,730
mainly Debts after one year (-€489,286) and Other debts (-€176,926)
- Reserves +€875,000
up €875,000 (+5833.3%), from €15,000 to €890,000
of which Distributable reserves: +€875,000
- Profit (loss) carried forward -€498,280
down €498,280 (-99.5%), from €500,631 to €2,351
- Debts after one year -€489,286
down €489,286 (-16.2%), from €3.0m to €2.5m
- Other debts -€176,926
down €176,926 (-24.0%), from €736,876 to €559,950
- Gross operating margin +€201,049
up €201,049 (+38.4%), from €524,025 to €725,074
- Financial charges +€85,828
up €85,828 (+115.5%), from €74,336 to €160,164
- Taxes +€28,062
up €28,062 (+28.8%), from €97,562 to €125,625
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 | €4,990,918 | €4,707,667 | -€283,251 | -5.7% |
| Fixed assets | 21/28 | €4,573,651 | €4,526,759 | -€46,892 | -1.0% |
| Tangible fixed assets | 22/27 | €1,418,205 | €1,371,314 | -€46,892 | -3.3% |
| Land and buildings | 22 | €1,418,205 | €1,371,314 | -€46,892 | -3.3% |
| Financial fixed assets | 28 | €3,155,446 | €3,155,446 | = | 0.0% |
| Current assets | 29/58 | €417,267 | €180,908 | -€236,359 | -56.6% |
| Amounts receivable within one year | 40/41 | €2,438 | €2,438 | = | 0.0% |
| Other amounts receivable | 41 | €2,438 | €2,438 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €414,075 | €177,730 | -€236,345 | -57.1% |
| Deferred charges and accrued income | 490/1 | €754 | €740 | -€14 | -1.9% |
| Total equity and liabilities | 10/49 | €4,990,918 | €4,707,667 | -€283,251 | -5.7% |
| Equity | 10/15 | €665,631 | €1,042,351 | +€376,720 | +56.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €890,000 | +€875,000 | +5833.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | - | €875,000 | +€875,000 | |
| Profit (loss) carried forward | 14 | €500,631 | €2,351 | -€498,280 | -99.5% |
| Amounts payable | 17/49 | €4,325,287 | €3,665,317 | -€659,971 | -15.3% |
| Amounts payable after more than one year | 17 | €3,027,381 | €2,538,095 | -€489,286 | -16.2% |
| Financial debts | 170/4 | €3,027,381 | €2,538,095 | -€489,286 | -16.2% |
| Amounts payable within one year | 42/48 | €1,278,402 | €1,102,033 | -€176,368 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €489,286 | €489,286 | = | 0.0% |
| Financial debts | 43 | €22,831 | €18,490 | -€4,341 | -19.0% |
| Other loans | 439 | €22,831 | €18,490 | -€4,341 | -19.0% |
| Trade debts | 44 | €500 | €417 | -€83 | -16.5% |
| Suppliers | 440/4 | €500 | €417 | -€83 | -16.5% |
| Taxes, remuneration and social security | 45 | €28,909 | €33,890 | +€4,980 | +17.2% |
| Taxes | 450/3 | €28,909 | €33,890 | +€4,980 | +17.2% |
| Other amounts payable | 47/48 | €736,876 | €559,950 | -€176,926 | -24.0% |
| Accrued charges and deferred income | 492/3 | €19,505 | €25,188 | +€5,683 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,892 | €46,892 | = | 0.0% |
| Other operating charges | 640/8 | €15,741 | €15,674 | -€67 | -0.4% |
| Gross operating margin | 9900 | €524,025 | €725,074 | +€201,049 | +38.4% |
| Operating profit (loss) | 9901 | €461,392 | €662,508 | +€201,116 | +43.6% |
| Financial charges | 65/66B | €74,336 | €160,164 | +€85,828 | +115.5% |
| Recurring financial charges | 65 | €74,336 | €160,164 | +€85,828 | +115.5% |
| Profit (loss) for the period before taxes | 9903 | €387,056 | €502,345 | +€115,289 | +29.8% |
| Income taxes | 67/77 | €97,562 | €125,625 | +€28,062 | +28.8% |
| Profit (loss) for the period | 9904 | €289,493 | €376,720 | +€87,226 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €289,493 | €376,720 | +€87,226 | +30.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.