Concept Defoort: 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.
Concept Defoort
Largest movements
- Cash +€25,940
up €25,940 (+1,373%), from €1,890 to €27,830
mainly Net result for the year (+€23,264) and Tax, wage and social debts (+€19,184)
- Receivables within one year +€19,065
up €19,065 (+67.4%), from €28,288 to €47,353
of which Other amounts receivable: +€17,079
- Tangible fixed assets -€3,427
down €3,427 (-22.0%), from €15,553 to €12,126
of which Furniture and vehicles: -€2,941
- Profit (loss) carried forward +€23,264
up €23,264 (+98.7%), from €23,566 to €46,829
- Tax, wage and social debts +€19,184
up €19,184 (+141%), from €13,598 to €32,782
of which Remuneration and social security: +€14,580
- Trade debts -€1,322
down €1,322 (-18.7%), from €7,066 to €5,744
- Gross operating margin +€18,292
up €18,292 (+87.7%), from €20,864 to €39,156
- Taxes +€4,473
up €4,473 (+98.6%), from €4,535 to €9,007
- Financial charges -€2,574
down €2,574 (-79.7%), from €3,232 to €657
- Other operating charges +€2,406
up €2,406 (+909%), from €265 to €2,671
- Financial income +€1,727
up €1,727 (+2,877,750%), from €0 to €1,727
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 | €45,731 | €87,309 | +€41,578 | +90.9% |
| Fixed assets | 21/28 | €15,553 | €12,126 | -€3,427 | -22.0% |
| Tangible fixed assets | 22/27 | €15,553 | €12,126 | -€3,427 | -22.0% |
| Land and buildings | 22 | €2,001 | €1,527 | -€475 | -23.7% |
| Plant, machinery and equipment | 23 | €1,479 | €1,467 | -€11 | -0.8% |
| Furniture and vehicles | 24 | €12,073 | €9,132 | -€2,941 | -24.4% |
| Current assets | 29/58 | €30,177 | €75,182 | +€45,005 | +149% |
| Amounts receivable within one year | 40/41 | €28,288 | €47,353 | +€19,065 | +67.4% |
| Trade receivables | 40 | €1,402 | €3,388 | +€1,986 | +142% |
| Other amounts receivable | 41 | €26,886 | €43,965 | +€17,079 | +63.5% |
| Cash at bank and in hand | 54/58 | €1,890 | €27,830 | +€25,940 | +1,373% |
| Total equity and liabilities | 10/49 | €45,731 | €87,309 | +€41,578 | +90.9% |
| Equity | 10/15 | €25,066 | €48,329 | +€23,264 | +92.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,566 | €46,829 | +€23,264 | +98.7% |
| Amounts payable | 17/49 | €20,665 | €38,979 | +€18,315 | +88.6% |
| Amounts payable within one year | 42/48 | €20,665 | €38,979 | +€18,315 | +88.6% |
| Trade debts | 44 | €7,066 | €5,744 | -€1,322 | -18.7% |
| Suppliers | 440/4 | €7,066 | €5,744 | -€1,322 | -18.7% |
| Taxes, remuneration and social security | 45 | €13,598 | €32,782 | +€19,184 | +141% |
| Taxes | 450/3 | €10,174 | €14,778 | +€4,604 | +45.3% |
| Remuneration and social security | 454/9 | €3,424 | €18,004 | +€14,580 | +426% |
| Other amounts payable | 47/48 | - | €453 | +€453 | |
| Remuneration, social security and pensions | 62 | €842 | €38 | -€804 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,744 | €5,245 | +€1,501 | +40.1% |
| Other operating charges | 640/8 | €265 | €2,671 | +€2,406 | +909% |
| Gross operating margin | 9900 | €20,864 | €39,156 | +€18,292 | +87.7% |
| Operating profit (loss) | 9901 | €16,013 | €31,202 | +€15,189 | +94.9% |
| Financial income | 75/76B | €0 | €1,727 | +€1,727 | +2,877,750% |
| Recurring financial income | 75 | €0 | €1,727 | +€1,727 | +2,877,750% |
| Financial charges | 65/66B | €3,232 | €657 | -€2,574 | -79.7% |
| Recurring financial charges | 65 | €3,232 | €657 | -€2,574 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €12,782 | €32,271 | +€19,489 | +152% |
| Income taxes | 67/77 | €4,535 | €9,007 | +€4,473 | +98.6% |
| Profit (loss) for the period | 9904 | €8,247 | €23,264 | +€15,016 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €8,247 | €23,264 | +€15,016 | +182% |
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 15 October 2026 via checked.be.