DEFLEM: what changed
DEFLEM
Largest movements
- Cash -€27,610
down €27,610 (-82.4%), from €33,503 to €5,893
mainly Contributions, distributions and other (-€35,000) and Debts after one year (-€6,405)
- Tangible fixed assets -€7,125
down €7,125 (-13.7%), from €52,162 to €45,037
of which Other tangible fixed assets: -€5,900
- Receivables within one year -€5,587
down €5,587 (-23.3%), from €23,956 to €18,369
of which Trade receivables: -€9,390
- Deferred charges and accrued income -€1,943
down €1,943 (-19.9%), from €9,747 to €7,804
- Reserves -€33,816
down €33,816 (-48.5%), from €69,793 to €35,977
- Debts after one year -€6,405
down €6,405 (-23.4%), from €27,376 to €20,971
- Trade debts +€3,426
up €3,426 (+537%), from €638 to €4,065
- Other debts -€2,996
down €2,996 (-70.2%), from €4,269 to €1,273
- Tax, wage and social debts -€2,723
down €2,723 (-33.5%), from €8,134 to €5,411
of which Taxes: -€2,723
- Gross operating margin -€21,328
down €21,328 (-58.9%), from €36,204 to €14,877
- Financial charges -€921
down €921 (-19.2%), from €4,796 to €3,875
- Taxes -€906
down €906 (-41.9%), from €2,163 to €1,257
- Depreciation -€619
down €619 (-8.0%), from €7,744 to €7,125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,369 | €77,103 | -€42,266 | -35.4% |
| Fixed assets | 21/28 | €52,162 | €45,037 | -€7,125 | -13.7% |
| Tangible fixed assets | 22/27 | €52,162 | €45,037 | -€7,125 | -13.7% |
| Plant, machinery and equipment | 23 | €2,791 | €1,914 | -€877 | -31.4% |
| Furniture and vehicles | 24 | €349 | €0 | -€349 | -100% |
| Other tangible fixed assets | 26 | €49,023 | €43,123 | -€5,900 | -12.0% |
| Current assets | 29/58 | €67,206 | €32,066 | -€35,141 | -52.3% |
| Amounts receivable within one year | 40/41 | €23,956 | €18,369 | -€5,587 | -23.3% |
| Trade receivables | 40 | €23,849 | €14,460 | -€9,390 | -39.4% |
| Other amounts receivable | 41 | €107 | €3,910 | +€3,802 | +3,541% |
| Cash at bank and in hand | 54/58 | €33,503 | €5,893 | -€27,610 | -82.4% |
| Deferred charges and accrued income | 490/1 | €9,747 | €7,804 | -€1,943 | -19.9% |
| Total equity and liabilities | 10/49 | €119,369 | €77,103 | -€42,266 | -35.4% |
| Equity | 10/15 | €72,793 | €38,977 | -€33,816 | -46.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,793 | €35,977 | -€33,816 | -48.5% |
| Distributable reserves | 133 | €69,793 | €35,977 | -€33,816 | -48.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,575 | €38,125 | -€8,450 | -18.1% |
| Amounts payable after more than one year | 17 | €27,376 | €20,971 | -€6,405 | -23.4% |
| Financial debts | 170/4 | €27,376 | €20,971 | -€6,405 | -23.4% |
| Amounts payable within one year | 42/48 | €19,199 | €17,154 | -€2,045 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €6,133 | €6,405 | +€272 | +4.4% |
| Financial debts | 43 | €25 | €0 | -€25 | -100% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100% |
| Trade debts | 44 | €638 | €4,065 | +€3,426 | +537% |
| Suppliers | 440/4 | €638 | €4,065 | +€3,426 | +537% |
| Taxes, remuneration and social security | 45 | €8,134 | €5,411 | -€2,723 | -33.5% |
| Taxes | 450/3 | €8,134 | €5,411 | -€2,723 | -33.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,269 | €1,273 | -€2,996 | -70.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,744 | €7,125 | -€619 | -8.0% |
| Other operating charges | 640/8 | €1,233 | €1,436 | +€202 | +16.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €36,204 | €14,877 | -€21,328 | -58.9% |
| Operating profit (loss) | 9901 | €27,227 | €6,316 | -€20,911 | -76.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,796 | €3,875 | -€921 | -19.2% |
| Recurring financial charges | 65 | €4,796 | €3,875 | -€921 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €22,430 | €2,441 | -€19,990 | -89.1% |
| Income taxes | 67/77 | €2,163 | €1,257 | -€906 | -41.9% |
| Profit (loss) for the period | 9904 | €20,267 | €1,184 | -€19,083 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,267 | €1,184 | -€19,083 | -94.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.