Defreyne: 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.
Defreyne
Largest movements
- Cash +€37,363
up €37,363 (+31.9%), from €117,238 to €154,601
mainly Net result for the year (+€58,258) and Depreciation (+€40,066)
- Tangible fixed assets +€34,616
up €34,616 (+32.2%), from €107,492 to €142,107
of which Land and buildings: +€30,891
- Receivables within one year -€18,877
down €18,877 (-18.8%), from €100,176 to €81,299
of which Trade receivables: -€21,102
- Reserves +€58,258
up €58,258 (+35.9%), from €162,137 to €220,395
- Current portion of long-term debt -€13,167
down €13,167 (-72.3%), from €18,205 to €5,038
- Trade debts +€11,452
up €11,452 (+22.3%), from €51,343 to €62,794
- Depreciation -€23,569
down €23,569 (-37.0%), from €63,635 to €40,066
- Taxes +€7,295
up €7,295 (+64.9%), from €11,233 to €18,528
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.
Derived cash bridge
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 | €343,999 | €396,843 | +€52,844 | +15.4% |
| Fixed assets | 21/28 | €107,492 | €142,107 | +€34,616 | +32.2% |
| Tangible fixed assets | 22/27 | €107,492 | €142,107 | +€34,616 | +32.2% |
| Land and buildings | 22 | €40,578 | €71,469 | +€30,891 | +76.1% |
| Plant, machinery and equipment | 23 | €27,253 | €39,505 | +€12,252 | +45.0% |
| Furniture and vehicles | 24 | €27,732 | €20,965 | -€6,768 | -24.4% |
| Other tangible fixed assets | 26 | €11,928 | €10,168 | -€1,759 | -14.8% |
| Current assets | 29/58 | €236,507 | €254,735 | +€18,228 | +7.7% |
| Stocks and contracts in progress | 3 | €19,093 | €18,834 | -€258 | -1.4% |
| Stocks | 30/36 | €19,093 | €18,834 | -€258 | -1.4% |
| Amounts receivable within one year | 40/41 | €100,176 | €81,299 | -€18,877 | -18.8% |
| Trade receivables | 40 | €97,409 | €76,307 | -€21,102 | -21.7% |
| Other amounts receivable | 41 | €2,767 | €4,992 | +€2,225 | +80.4% |
| Cash at bank and in hand | 54/58 | €117,238 | €154,601 | +€37,363 | +31.9% |
| Total equity and liabilities | 10/49 | €343,999 | €396,843 | +€52,844 | +15.4% |
| Equity | 10/15 | €165,137 | €223,395 | +€58,258 | +35.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €162,137 | €220,395 | +€58,258 | +35.9% |
| Distributable reserves | 133 | €162,137 | €220,395 | +€58,258 | +35.9% |
| Amounts payable | 17/49 | €178,862 | €173,448 | -€5,414 | -3.0% |
| Amounts payable within one year | 42/48 | €175,975 | €173,048 | -€2,927 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €18,205 | €5,038 | -€13,167 | -72.3% |
| Trade debts | 44 | €51,343 | €62,794 | +€11,452 | +22.3% |
| Suppliers | 440/4 | €51,343 | €62,794 | +€11,452 | +22.3% |
| Taxes, remuneration and social security | 45 | €14,208 | €11,587 | -€2,621 | -18.4% |
| Taxes | 450/3 | €4,876 | €1,966 | -€2,910 | -59.7% |
| Remuneration and social security | 454/9 | €9,332 | €9,621 | +€289 | +3.1% |
| Other amounts payable | 47/48 | €92,219 | €93,629 | +€1,410 | +1.5% |
| Accrued charges and deferred income | 492/3 | €2,887 | €400 | -€2,488 | -86.2% |
| Remuneration, social security and pensions | 62 | €59,614 | €59,682 | +€68 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,635 | €40,066 | -€23,569 | -37.0% |
| Other operating charges | 640/8 | €707 | €718 | +€11 | +1.5% |
| Gross operating margin | 9900 | €185,579 | €186,441 | +€862 | +0.5% |
| Operating profit (loss) | 9901 | €61,623 | €85,975 | +€24,352 | +39.5% |
| Financial income | 75/76B | €59 | €154 | +€95 | +162% |
| Recurring financial income | 75 | €59 | €154 | +€95 | +162% |
| Financial charges | 65/66B | €8,378 | €9,343 | +€966 | +11.5% |
| Recurring financial charges | 65 | €8,378 | €9,343 | +€966 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €53,304 | €76,786 | +€23,482 | +44.1% |
| Income taxes | 67/77 | €11,233 | €18,528 | +€7,295 | +64.9% |
| Profit (loss) for the period | 9904 | €42,071 | €58,258 | +€16,187 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,071 | €58,258 | +€16,187 | +38.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.