DEFASCO: 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.
DEFASCO
Largest movements
- Current investments +€537,984
new in 2024: €537,984
- Cash -€401,947
down €401,947 (-61.6%), from €652,658 to €250,711
mainly Current investments (-€537,984) and Receivables within one year (-€18,759)
- Receivables within one year +€18,759
up €18,759 (+96.6%), from €19,421 to €38,181
of which Trade receivables: +€18,720
- Tangible fixed assets -€16,302
down €16,302 (-17.7%), from €91,856 to €75,554
of which Furniture and vehicles: -€19,151
- Reserves +€121,718
up €121,718 (+17.2%), from €708,260 to €829,979
of which Distributable reserves: +€121,718
- Other debts +€13,592
up €13,592 (+32.3%), from €42,134 to €55,727
- Financial income +€32,248
up €32,248 (+4030990.0%), from €1 to €32,249
- Gross operating margin -€30,993
down €30,993 (-15.4%), from €200,885 to €169,892
- Depreciation +€12,491
up €12,491 (+94.7%), from €13,194 to €25,685
- Financial charges -€6,504
down €6,504 (-60.7%), from €10,709 to €4,205
- Taxes -€2,638
down €2,638 (-5.0%), from €52,598 to €49,961
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €765,999 | €904,336 | +€138,337 | +18.1% |
| Fixed assets | 21/28 | €91,856 | €75,554 | -€16,302 | -17.7% |
| Tangible fixed assets | 22/27 | €91,856 | €75,554 | -€16,302 | -17.7% |
| Plant, machinery and equipment | 23 | €9,957 | €12,806 | +€2,849 | +28.6% |
| Furniture and vehicles | 24 | €81,899 | €62,749 | -€19,151 | -23.4% |
| Current assets | 29/58 | €674,143 | €828,782 | +€154,639 | +22.9% |
| Amounts receivable within one year | 40/41 | €19,421 | €38,181 | +€18,759 | +96.6% |
| Trade receivables | 40 | €12,020 | €30,740 | +€18,720 | +155.7% |
| Other amounts receivable | 41 | €7,402 | €7,441 | +€39 | +0.5% |
| Current investments | 50/53 | - | €537,984 | +€537,984 | |
| Cash at bank and in hand | 54/58 | €652,658 | €250,711 | -€401,947 | -61.6% |
| Deferred charges and accrued income | 490/1 | €2,064 | €1,907 | -€157 | -7.6% |
| Total equity and liabilities | 10/49 | €765,999 | €904,336 | +€138,337 | +18.1% |
| Equity | 10/15 | €720,660 | €842,379 | +€121,718 | +16.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €708,260 | €829,979 | +€121,718 | +17.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €708,260 | €829,979 | +€121,718 | +17.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,339 | €61,958 | +€16,619 | +36.7% |
| Amounts payable within one year | 42/48 | €42,501 | €61,958 | +€19,457 | +45.8% |
| Trade debts | 44 | €0 | €4,615 | +€4,615 | |
| Suppliers | 440/4 | €0 | €4,615 | +€4,615 | |
| Taxes, remuneration and social security | 45 | €367 | €1,616 | +€1,250 | +340.8% |
| Taxes | 450/3 | €367 | €1,616 | +€1,250 | +340.8% |
| Other amounts payable | 47/48 | €42,134 | €55,727 | +€13,592 | +32.3% |
| Accrued charges and deferred income | 492/3 | €2,838 | €0 | -€2,838 | -100.0% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,194 | €25,685 | +€12,491 | +94.7% |
| Other operating charges | 640/8 | €1,067 | €571 | -€496 | -46.5% |
| Gross operating margin | 9900 | €200,885 | €169,892 | -€30,993 | -15.4% |
| Operating profit (loss) | 9901 | €186,624 | €143,636 | -€42,988 | -23.0% |
| Financial income | 75/76B | €1 | €32,249 | +€32,248 | +4030990.0% |
| Recurring financial income | 75 | €1 | €32,249 | +€32,248 | +4030990.0% |
| Financial charges | 65/66B | €10,709 | €4,205 | -€6,504 | -60.7% |
| Recurring financial charges | 65 | €10,709 | €4,205 | -€6,504 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €175,916 | €171,679 | -€4,236 | -2.4% |
| Income taxes | 67/77 | €52,598 | €49,961 | -€2,638 | -5.0% |
| Profit (loss) for the period | 9904 | €123,317 | €121,718 | -€1,599 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,317 | €121,718 | -€1,599 | -1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.