DEFRUB: 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.
DEFRUB
Largest movements
- Cash -€205,690
down €205,690 (-65.5%), from €314,025 to €108,335
mainly Receivables within one year (-€198,249) and Trade debts (-€51,379)
- Receivables within one year +€198,249
up €198,249 (+495%), from €40,010 to €238,259
of which Trade receivables: +€183,247
- Tangible fixed assets -€31,510
down €31,510 (-25.3%), from €124,714 to €93,203
- Stocks and contracts -€18,390
down €18,390 (-12.7%), from €144,803 to €126,413
of which Stocks: -€16,721
- Intangible fixed assets -€16,869
down €16,869 (-17.8%), from €94,708 to €77,839
- Trade debts -€51,379
down €51,379 (-53.5%), from €96,111 to €44,732
- Advances received -€36,441
down €36,441 (-74.0%), from €49,212 to €12,771
- Tax, wage and social debts +€22,241
up €22,241 (+81.3%), from €27,350 to €49,591
of which Taxes: +€17,043
- Profit (loss) carried forward -€9,158
new in 2025: -€9,158
- Gross operating margin -€24,914
down €24,914 (-8.4%), from €295,259 to €270,344
- Staff costs +€23,898
up €23,898 (+11.2%), from €212,907 to €236,805
- Financial income +€9,532
up €9,532 (+160,748%), from €6 to €9,538
- Taxes -€7,741
down €7,741 (-97.9%), from €7,908 to €167
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 | €719,049 | €644,834 | -€74,215 | -10.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €219,421 | €171,042 | -€48,379 | -22.0% |
| Intangible fixed assets | 21 | €94,708 | €77,839 | -€16,869 | -17.8% |
| Tangible fixed assets | 22/27 | €124,714 | €93,203 | -€31,510 | -25.3% |
| Plant, machinery and equipment | 23 | €54,149 | €38,515 | -€15,633 | -28.9% |
| Furniture and vehicles | 24 | €34,720 | €25,344 | -€9,377 | -27.0% |
| Other tangible fixed assets | 26 | €35,845 | €29,344 | -€6,500 | -18.1% |
| Current assets | 29/58 | €499,627 | €473,792 | -€25,836 | -5.2% |
| Stocks and contracts in progress | 3 | €144,803 | €126,413 | -€18,390 | -12.7% |
| Stocks | 30/36 | €140,134 | €123,413 | -€16,721 | -11.9% |
| Contracts in progress | 37 | €4,669 | €3,000 | -€1,669 | -35.7% |
| Amounts receivable within one year | 40/41 | €40,010 | €238,259 | +€198,249 | +495% |
| Trade receivables | 40 | €40,006 | €223,253 | +€183,247 | +458% |
| Other amounts receivable | 41 | €4 | €15,007 | +€15,002 | +337,125% |
| Cash at bank and in hand | 54/58 | €314,025 | €108,335 | -€205,690 | -65.5% |
| Deferred charges and accrued income | 490/1 | €789 | €784 | -€5 | -0.6% |
| Total equity and liabilities | 10/49 | €719,049 | €644,834 | -€74,215 | -10.3% |
| Equity | 10/15 | €46,328 | €37,170 | -€9,158 | -19.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €21,328 | €21,328 | = | 0.0% |
| Distributable reserves | 133 | €21,328 | €21,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,158 | -€9,158 | |
| Amounts payable | 17/49 | €672,720 | €607,664 | -€65,057 | -9.7% |
| Amounts payable within one year | 42/48 | €672,673 | €607,094 | -€65,579 | -9.7% |
| Trade debts | 44 | €96,111 | €44,732 | -€51,379 | -53.5% |
| Suppliers | 440/4 | €96,111 | €44,732 | -€51,379 | -53.5% |
| Advances received on contracts in progress | 46 | €49,212 | €12,771 | -€36,441 | -74.0% |
| Taxes, remuneration and social security | 45 | €27,350 | €49,591 | +€22,241 | +81.3% |
| Taxes | 450/3 | €22,823 | €39,866 | +€17,043 | +74.7% |
| Remuneration and social security | 454/9 | €4,527 | €9,725 | +€5,198 | +115% |
| Other amounts payable | 47/48 | €500,000 | €500,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €48 | €570 | +€522 | +1,096% |
| Remuneration, social security and pensions | 62 | €212,907 | €236,805 | +€23,898 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,050 | €51,449 | -€601 | -1.2% |
| Other operating charges | 640/8 | €1,023 | €528 | -€495 | -48.4% |
| Gross operating margin | 9900 | €295,259 | €270,344 | -€24,914 | -8.4% |
| Operating profit (loss) | 9901 | €29,279 | -€18,437 | -€47,716 | |
| Financial income | 75/76B | €6 | €9,538 | +€9,532 | +160,748% |
| Recurring financial income | 75 | €6 | €9,538 | +€9,532 | +160,748% |
| Financial charges | 65/66B | €49 | €93 | +€44 | +88.7% |
| Recurring financial charges | 65 | €49 | €93 | +€44 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €29,236 | -€8,991 | -€38,227 | |
| Income taxes | 67/77 | €7,908 | €167 | -€7,741 | -97.9% |
| Profit (loss) for the period | 9904 | €21,328 | -€9,158 | -€30,486 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,328 | -€9,158 | -€30,486 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.