Defranci: 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.
Defranci
Largest movements
- Cash -€39,580
down €39,580 (-16.3%), from €242,880 to €203,300
mainly Contributions, distributions and other (-€254,207) and Investment in fixed assets (net) (-€1,726)
- Deferred charges and accrued income -€5,120
down €5,120 (-29.0%), from €17,655 to €12,535
- Reserves -€48,157
down €48,157 (-18.9%), from €254,207 to €206,050
- Tax, wage and social debts +€3,096
up €3,096 (+47.0%), from €6,582 to €9,678
of which Taxes: +€3,096
- Financial income -€58,754
down €58,754 (-97.0%), from €60,581 to €1,827
- Gross operating margin +€13,952
up €13,952 (+5.4%), from €259,907 to €273,859
- Taxes +€3,457
up €3,457 (+5.7%), from €61,177 to €64,633
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,565 | €227,753 | -€45,812 | -16.7% |
| Fixed assets | 21/28 | €13,030 | €11,918 | -€1,112 | -8.5% |
| Tangible fixed assets | 22/27 | €8,030 | €6,918 | -€1,112 | -13.9% |
| Plant, machinery and equipment | 23 | €1,043 | €2,187 | +€1,144 | +109.7% |
| Furniture and vehicles | 24 | €6,987 | €4,731 | -€2,256 | -32.3% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €260,535 | €215,835 | -€44,699 | -17.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €242,880 | €203,300 | -€39,580 | -16.3% |
| Deferred charges and accrued income | 490/1 | €17,655 | €12,535 | -€5,120 | -29.0% |
| Total equity and liabilities | 10/49 | €273,565 | €227,753 | -€45,812 | -16.7% |
| Equity | 10/15 | €264,207 | €216,050 | -€48,157 | -18.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €254,207 | €206,050 | -€48,157 | -18.9% |
| Distributable reserves | 133 | €254,207 | €206,050 | -€48,157 | -18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,358 | €11,703 | +€2,345 | +25.1% |
| Amounts payable within one year | 42/48 | €9,358 | €11,703 | +€2,345 | +25.1% |
| Trade debts | 44 | €2,102 | €1,201 | -€901 | -42.9% |
| Suppliers | 440/4 | €2,102 | €1,201 | -€901 | -42.9% |
| Taxes, remuneration and social security | 45 | €6,582 | €9,678 | +€3,096 | +47.0% |
| Taxes | 450/3 | €3,704 | €6,800 | +€3,096 | +83.6% |
| Remuneration and social security | 454/9 | €2,878 | €2,878 | = | 0.0% |
| Other amounts payable | 47/48 | €674 | €824 | +€150 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,683 | €2,838 | +€155 | +5.8% |
| Other operating charges | 640/8 | €644 | €714 | +€70 | +10.9% |
| Gross operating margin | 9900 | €259,907 | €273,859 | +€13,952 | +5.4% |
| Operating profit (loss) | 9901 | €256,580 | €270,306 | +€13,726 | +5.3% |
| Financial income | 75/76B | €60,581 | €1,827 | -€58,754 | -97.0% |
| Recurring financial income | 75 | €60,581 | €1,827 | -€58,754 | -97.0% |
| Financial charges | 65/66B | €1,777 | €1,450 | -€327 | -18.4% |
| Recurring financial charges | 65 | €1,777 | €1,450 | -€327 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €315,384 | €270,684 | -€44,700 | -14.2% |
| Income taxes | 67/77 | €61,177 | €64,633 | +€3,457 | +5.7% |
| Profit (loss) for the period | 9904 | €254,207 | €206,050 | -€48,157 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €254,207 | €206,050 | -€48,157 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.