Defii: 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.
Defii
Largest movements
- Cash +€120,125
up €120,125 (+13.9%), from €864,555 to €984,680
mainly Net result for the year (+€166,589) and Depreciation (+€3,892)
- Tangible fixed assets +€24,996
up €24,996 (+835%), from €2,994 to €27,989
- Deferred charges and accrued income +€15,349
up €15,349 (+978%), from €1,570 to €16,919
- Reserves +€166,589
up €166,589 (+19.8%), from €841,701 to €1.0m
- Gross operating margin +€5,064
up €5,064 (+2.1%), from €239,443 to €244,507
- Depreciation +€3,406
up €3,406 (+701%), from €486 to €3,892
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 | €901,384 | €1,063,111 | +€161,727 | +17.9% |
| Fixed assets | 21/28 | €2,994 | €27,989 | +€24,996 | +835% |
| Tangible fixed assets | 22/27 | €2,994 | €27,989 | +€24,996 | +835% |
| Furniture and vehicles | 24 | €2,994 | €27,989 | +€24,996 | +835% |
| Current assets | 29/58 | €898,391 | €1,035,122 | +€136,731 | +15.2% |
| Amounts receivable within one year | 40/41 | €32,266 | €33,523 | +€1,257 | +3.9% |
| Trade receivables | 40 | €32,266 | €21,269 | -€10,997 | -34.1% |
| Other amounts receivable | 41 | €0 | €12,254 | +€12,254 | |
| Cash at bank and in hand | 54/58 | €864,555 | €984,680 | +€120,125 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,570 | €16,919 | +€15,349 | +978% |
| Total equity and liabilities | 10/49 | €901,384 | €1,063,111 | +€161,727 | +17.9% |
| Equity | 10/15 | €860,639 | €1,027,228 | +€166,589 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €841,701 | €1,008,290 | +€166,589 | +19.8% |
| Distributable reserves | 133 | €841,701 | €1,008,290 | +€166,589 | +19.8% |
| Profit (loss) carried forward | 14 | €338 | €338 | = | 0.0% |
| Amounts payable | 17/49 | €40,745 | €35,883 | -€4,862 | -11.9% |
| Amounts payable within one year | 42/48 | €40,745 | €35,883 | -€4,862 | -11.9% |
| Trade debts | 44 | €5,209 | €4,318 | -€892 | -17.1% |
| Suppliers | 440/4 | €5,209 | €4,318 | -€892 | -17.1% |
| Taxes, remuneration and social security | 45 | €18,881 | €14,782 | -€4,099 | -21.7% |
| Taxes | 450/3 | €14,190 | €10,053 | -€4,137 | -29.2% |
| Remuneration and social security | 454/9 | €4,690 | €4,728 | +€38 | +0.8% |
| Other amounts payable | 47/48 | €16,655 | €16,783 | +€128 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €3,892 | +€3,406 | +701% |
| Other operating charges | 640/8 | €984 | €1,310 | +€325 | +33.1% |
| Gross operating margin | 9900 | €239,443 | €244,507 | +€5,064 | +2.1% |
| Operating profit (loss) | 9901 | €237,973 | €239,305 | +€1,333 | +0.6% |
| Financial income | 75/76B | €57 | €149 | +€92 | +162% |
| Recurring financial income | 75 | €57 | €149 | +€92 | +162% |
| Financial charges | 65/66B | €73 | €77 | +€4 | +5.8% |
| Recurring financial charges | 65 | €73 | €77 | +€4 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €237,957 | €239,378 | +€1,421 | +0.6% |
| Income taxes | 67/77 | €72,599 | €72,789 | +€189 | +0.3% |
| Profit (loss) for the period | 9904 | €165,358 | €166,589 | +€1,232 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €165,358 | €166,589 | +€1,232 | +0.7% |
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 1 November 2026 via checked.be.