Miss Defender: 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.
Miss Defender
Largest movements
- Cash -€39,796
down €39,796 (-63.3%), from €62,835 to €23,040
mainly Contributions, distributions and other (-€40,833) and Receivables within one year (-€14,454)
- Receivables within one year +€14,454
up €14,454 (+33.7%), from €42,929 to €57,383
of which Other amounts receivable: +€8,862
- Reserves -€38,903
down €38,903 (-24.2%), from €160,756 to €121,853
- Other debts +€20,777
up €20,777 (+12.4%), from €167,653 to €188,430
- Short-term financial debts -€5,891
down €5,891 (-100%), from €5,891 to €0
- Current portion of long-term debt -€4,010
down €4,010 (-100%), from €4,010 to €0
- Financial income -€102,520
down €102,520 (-99.5%), from €103,044 to €524
- Gross operating margin +€21,337
up €21,337, from -€452 to €20,885
- Financial charges +€10,156
up €10,156 (+153%), from €6,644 to €16,800
- Taxes -€8,342
down €8,342 (-98.4%), from €8,478 to €135
- Other operating charges -€394
down €394 (-21.8%), from €1,808 to €1,414
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 | €399,203 | €371,848 | -€27,355 | -6.9% |
| Fixed assets | 21/28 | €52,649 | €50,941 | -€1,709 | -3.2% |
| Tangible fixed assets | 22/27 | €2,639 | €931 | -€1,709 | -64.7% |
| Furniture and vehicles | 24 | €2,639 | €931 | -€1,709 | -64.7% |
| Financial fixed assets | 28 | €50,010 | €50,010 | = | 0.0% |
| Current assets | 29/58 | €346,554 | €320,908 | -€25,646 | -7.4% |
| Stocks and contracts in progress | 3 | €240,039 | €239,914 | -€126 | -0.1% |
| Stocks | 30/36 | €240,039 | €239,914 | -€126 | -0.1% |
| Amounts receivable within one year | 40/41 | €42,929 | €57,383 | +€14,454 | +33.7% |
| Trade receivables | 40 | €29,067 | €34,659 | +€5,592 | +19.2% |
| Other amounts receivable | 41 | €13,862 | €22,724 | +€8,862 | +63.9% |
| Cash at bank and in hand | 54/58 | €62,835 | €23,040 | -€39,796 | -63.3% |
| Deferred charges and accrued income | 490/1 | €750 | €571 | -€179 | -23.8% |
| Total equity and liabilities | 10/49 | €399,203 | €371,848 | -€27,355 | -6.9% |
| Equity | 10/15 | €200,102 | €160,622 | -€39,481 | -19.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €160,756 | €121,853 | -€38,903 | -24.2% |
| Distributable reserves | 133 | €160,756 | €121,853 | -€38,903 | -24.2% |
| Profit (loss) carried forward | 14 | €26,947 | €26,369 | -€578 | -2.1% |
| Amounts payable | 17/49 | €199,101 | €211,227 | +€12,126 | +6.1% |
| Amounts payable within one year | 42/48 | €185,976 | €195,755 | +€9,779 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €4,010 | €0 | -€4,010 | -100% |
| Financial debts | 43 | €5,891 | €0 | -€5,891 | -100% |
| Credit institutions | 430/8 | €5,891 | €0 | -€5,891 | -100% |
| Trade debts | 44 | €8,069 | €6,786 | -€1,284 | -15.9% |
| Suppliers | 440/4 | €8,069 | €6,786 | -€1,284 | -15.9% |
| Taxes, remuneration and social security | 45 | €352 | €539 | +€187 | +53.2% |
| Taxes | 450/3 | €352 | €539 | +€187 | +53.2% |
| Other amounts payable | 47/48 | €167,653 | €188,430 | +€20,777 | +12.4% |
| Accrued charges and deferred income | 492/3 | €13,125 | €15,472 | +€2,347 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €938 | €577 | -€362 | -38.6% |
| Other operating charges | 640/8 | €1,808 | €1,414 | -€394 | -21.8% |
| Non-recurring operating charges | 66A | €0 | €1,132 | +€1,132 | |
| Gross operating margin | 9900 | -€452 | €20,885 | +€21,337 | |
| Operating profit (loss) | 9901 | -€3,198 | €17,763 | +€20,961 | |
| Financial income | 75/76B | €103,044 | €524 | -€102,520 | -99.5% |
| Recurring financial income | 75 | €103,044 | €524 | -€102,520 | -99.5% |
| Financial charges | 65/66B | €6,644 | €16,800 | +€10,156 | +153% |
| Recurring financial charges | 65 | €6,644 | €16,800 | +€10,156 | +153% |
| Profit (loss) for the period before taxes | 9903 | €93,202 | €1,487 | -€91,715 | -98.4% |
| Income taxes | 67/77 | €8,478 | €135 | -€8,342 | -98.4% |
| Profit (loss) for the period | 9904 | €84,725 | €1,352 | -€83,373 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,725 | €1,352 | -€83,373 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.