PROXY DEFACQZ: 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.
PROXY DEFACQZ
Largest movements
- Tangible fixed assets -€95,481
down €95,481 (-49.8%), from €191,856 to €96,375
of which Plant, machinery and equipment: -€91,428
- Receivables within one year -€61,984
down €61,984 (-61.2%), from €101,346 to €39,361
of which Other amounts receivable: -€52,692
- Intangible fixed assets -€60,000
down €60,000 (-15.6%), from €385,000 to €325,000
- Cash -€25,387
down €25,387 (-19.7%), from €128,952 to €103,565
mainly Debts after one year (-€139,469) and Net result for the year (-€85,818)
- Debts after one year -€139,469
down €139,469 (-28.0%), from €497,301 to €357,832
- Profit (loss) carried forward -€85,818
down €85,818 (-26.6%), from -€323,193 to -€409,011
- Tax, wage and social debts +€17,600
up €17,600 (+32.4%), from €54,301 to €71,902
of which Remuneration and social security: +€18,768
- Accrued charges and deferred income -€16,201
down €16,201 (-59.0%), from €27,481 to €11,279
- Trade debts -€10,254
down €10,254 (-2.3%), from €440,145 to €429,891
- Gross operating margin -€27,940
down €27,940 (-4.9%), from €564,694 to €536,754
- Staff costs +€23,282
up €23,282 (+5.8%), from €401,137 to €424,419
- Other operating charges +€7,221
up €7,221 (+443.2%), from €1,629 to €8,851
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.
Cash bridge derived
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 | €982,404 | €750,778 | -€231,627 | -23.6% |
| Fixed assets | 21/28 | €576,856 | €421,375 | -€155,481 | -27.0% |
| Intangible fixed assets | 21 | €385,000 | €325,000 | -€60,000 | -15.6% |
| Tangible fixed assets | 22/27 | €191,856 | €96,375 | -€95,481 | -49.8% |
| Plant, machinery and equipment | 23 | €179,814 | €88,386 | -€91,428 | -50.8% |
| Furniture and vehicles | 24 | €12,042 | €7,989 | -€4,053 | -33.7% |
| Current assets | 29/58 | €405,548 | €329,402 | -€76,146 | -18.8% |
| Stocks and contracts in progress | 3 | €166,631 | €170,352 | +€3,720 | +2.2% |
| Stocks | 30/36 | €166,631 | €170,352 | +€3,720 | +2.2% |
| Amounts receivable within one year | 40/41 | €101,346 | €39,361 | -€61,984 | -61.2% |
| Trade receivables | 40 | €23,446 | €14,154 | -€9,292 | -39.6% |
| Other amounts receivable | 41 | €77,900 | €25,208 | -€52,692 | -67.6% |
| Cash at bank and in hand | 54/58 | €128,952 | €103,565 | -€25,387 | -19.7% |
| Deferred charges and accrued income | 490/1 | €8,620 | €16,124 | +€7,505 | +87.1% |
| Total equity and liabilities | 10/49 | €982,404 | €750,778 | -€231,627 | -23.6% |
| Equity | 10/15 | -€322,193 | -€408,011 | -€85,818 | -26.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,193 | -€409,011 | -€85,818 | -26.6% |
| Amounts payable | 17/49 | €1,304,597 | €1,158,789 | -€145,809 | -11.2% |
| Amounts payable after more than one year | 17 | €497,301 | €357,832 | -€139,469 | -28.0% |
| Financial debts | 170/4 | €497,301 | €357,832 | -€139,469 | -28.0% |
| Amounts payable within one year | 42/48 | €779,816 | €789,678 | +€9,861 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €148,781 | €150,998 | +€2,217 | +1.5% |
| Trade debts | 44 | €440,145 | €429,891 | -€10,254 | -2.3% |
| Suppliers | 440/4 | €440,145 | €429,891 | -€10,254 | -2.3% |
| Taxes, remuneration and social security | 45 | €54,301 | €71,902 | +€17,600 | +32.4% |
| Taxes | 450/3 | €1,167 | - | -€1,167 | |
| Remuneration and social security | 454/9 | €53,134 | €71,902 | +€18,768 | +35.3% |
| Other amounts payable | 47/48 | €136,588 | €136,886 | +€298 | +0.2% |
| Accrued charges and deferred income | 492/3 | €27,481 | €11,279 | -€16,201 | -59.0% |
| Remuneration, social security and pensions | 62 | €401,137 | €424,419 | +€23,282 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,897 | €175,767 | +€3,870 | +2.3% |
| Other operating charges | 640/8 | €1,629 | €8,851 | +€7,221 | +443.2% |
| Gross operating margin | 9900 | €564,694 | €536,754 | -€27,940 | -4.9% |
| Operating profit (loss) | 9901 | -€9,969 | -€72,283 | -€62,314 | -625.1% |
| Financial income | 75/76B | €66 | €41 | -€26 | -38.7% |
| Recurring financial income | 75 | €66 | €41 | -€26 | -38.7% |
| Financial charges | 65/66B | €15,237 | €13,576 | -€1,661 | -10.9% |
| Recurring financial charges | 65 | €15,237 | €13,576 | -€1,661 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,140 | -€85,818 | -€60,678 | -241.4% |
| Income taxes | 67/77 | €394 | - | -€394 | |
| Profit (loss) for the period | 9904 | -€25,534 | -€85,818 | -€60,284 | -236.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,534 | -€85,818 | -€60,284 | -236.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.