DEFRUCT: 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.
DEFRUCT
Largest movements
- Tangible fixed assets -€41,076
down €41,076 (-13.0%), from €315,463 to €274,387
- Receivables within one year +€3,626
up €3,626, from €0 to €3,626
- Current portion of long-term debt -€35,834
down €35,834 (-83.3%), from €43,000 to €7,166
- Debts after one year -€7,166
down €7,166 (-100%), from €7,166 to €0
- Other debts +€4,701
up €4,701 (+3.0%), from €156,704 to €161,405
- Trade debts +€4,241
up €4,241 (+33.9%), from €12,492 to €16,732
- Depreciation -€6,539
down €6,539 (-13.7%), from €47,615 to €41,076
- Gross operating margin +€3,740
up €3,740 (+8.4%), from €44,774 to €48,515
- Financial charges -€616
down €616 (-10.4%), from €5,923 to €5,307
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 | €324,596 | €287,967 | -€36,629 | -11.3% |
| Fixed assets | 21/28 | €315,463 | €274,387 | -€41,076 | -13.0% |
| Tangible fixed assets | 22/27 | €315,463 | €274,387 | -€41,076 | -13.0% |
| Land and buildings | 22 | €315,463 | €274,387 | -€41,076 | -13.0% |
| Current assets | 29/58 | €9,133 | €13,580 | +€4,447 | +48.7% |
| Amounts receivable within one year | 40/41 | €0 | €3,626 | +€3,626 | |
| Trade receivables | 40 | €0 | €3,626 | +€3,626 | |
| Cash at bank and in hand | 54/58 | €5,041 | €5,735 | +€693 | +13.8% |
| Deferred charges and accrued income | 490/1 | €4,092 | €4,219 | +€127 | +3.1% |
| Total equity and liabilities | 10/49 | €324,596 | €287,967 | -€36,629 | -11.3% |
| Equity | 10/15 | €102,235 | €99,663 | -€2,571 | -2.5% |
| Contributions | 10/11 | €16,318 | €16,318 | = | 0.0% |
| Reserves | 13 | €85,916 | €83,345 | -€2,571 | -3.0% |
| Distributable reserves | 133 | €85,916 | €83,345 | -€2,571 | -3.0% |
| Amounts payable | 17/49 | €222,361 | €188,303 | -€34,058 | -15.3% |
| Amounts payable after more than one year | 17 | €7,166 | €0 | -€7,166 | -100% |
| Financial debts | 170/4 | €7,166 | €0 | -€7,166 | -100% |
| Amounts payable within one year | 42/48 | €212,196 | €185,303 | -€26,892 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €43,000 | €7,166 | -€35,834 | -83.3% |
| Trade debts | 44 | €12,492 | €16,732 | +€4,241 | +33.9% |
| Suppliers | 440/4 | €12,492 | €16,732 | +€4,241 | +33.9% |
| Other amounts payable | 47/48 | €156,704 | €161,405 | +€4,701 | +3.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,615 | €41,076 | -€6,539 | -13.7% |
| Other operating charges | 640/8 | €4,745 | €4,702 | -€42 | -0.9% |
| Gross operating margin | 9900 | €44,774 | €48,515 | +€3,740 | +8.4% |
| Operating profit (loss) | 9901 | -€7,585 | €2,736 | +€10,321 | |
| Financial charges | 65/66B | €5,923 | €5,307 | -€616 | -10.4% |
| Recurring financial charges | 65 | €5,923 | €5,307 | -€616 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,508 | -€2,571 | +€10,937 | +81.0% |
| Profit (loss) for the period | 9904 | -€13,508 | -€2,571 | +€10,937 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,508 | -€2,571 | +€10,937 | +81.0% |
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 24 October 2026 via checked.be.