DEFAT M-C: 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.
DEFAT M-C
Largest movements
- Receivables within one year -€3,675
down €3,675 (-12.5%), from €29,480 to €25,805
- Tangible fixed assets -€585
down €585 (-10.3%), from €5,702 to €5,117
- Profit (loss) carried forward -€3,586
down €3,586 (-41.0%), from -€8,757 to -€12,344
- Debts within one year -€2,127
down €2,127 (-11.5%), from €18,462 to €16,335
- Accrued charges and deferred income +€1,454
new in 2021: €1,454
- Turnover -€120,449
no longer reported in 2021 (was €120,449)
- Gross operating margin +€2,961
up €2,961 (+63.1%), from €4,695 to €7,656
- Financial charges +€2,147
new in 2021: €2,147
- Other operating charges +€1,542
new in 2021: €1,542
- Taxes -€1,239
down €1,239 (-18.0%), from €6,866 to €5,626
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,182 | €30,922 | -€4,260 | -12.1% |
| Fixed assets | 21/28 | €5,702 | €5,117 | -€585 | -10.3% |
| Tangible fixed assets | 22/27 | €5,702 | €5,117 | -€585 | -10.3% |
| Plant, machinery and equipment | 23 | - | €1,560 | +€1,560 | |
| Furniture and vehicles | 24 | - | €3,557 | +€3,557 | |
| Current assets | 29/58 | €29,480 | €25,805 | -€3,675 | -12.5% |
| Amounts receivable within one year | 40/41 | €29,480 | €25,805 | -€3,675 | -12.5% |
| Trade receivables | 40 | - | €2,682 | +€2,682 | |
| Other amounts receivable | 41 | - | €23,124 | +€23,124 | |
| Total equity and liabilities | 10/49 | €35,182 | €30,922 | -€4,260 | -12.1% |
| Equity | 10/15 | €9,843 | €6,256 | -€3,586 | -36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,757 | -€12,344 | -€3,586 | -41.0% |
| Amounts payable | 17/49 | €25,340 | €24,666 | -€674 | -2.7% |
| Amounts payable after more than one year | 17 | €6,877 | €6,877 | = | 0.0% |
| Financial debts | 170/4 | - | €6,877 | +€6,877 | |
| Amounts payable within one year | 42/48 | €18,462 | €16,335 | -€2,127 | -11.5% |
| Financial debts | 43 | - | €3,579 | +€3,579 | |
| Credit institutions | 430/8 | - | €3,579 | +€3,579 | |
| Trade debts | 44 | - | €264 | +€264 | |
| Suppliers | 440/4 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | - | €12,492 | +€12,492 | |
| Taxes | 450/3 | - | €12,492 | +€12,492 | |
| Accrued charges and deferred income | 492/3 | - | €1,454 | +€1,454 | |
| Turnover | 70 | €120,449 | - | -€120,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €1,927 | +€828 | +75.4% |
| Other operating charges | 640/8 | - | €1,542 | +€1,542 | |
| Gross operating margin | 9900 | €4,695 | €7,656 | +€2,961 | +63.1% |
| Operating profit (loss) | 9901 | €1,911 | €4,187 | +€2,277 | +119.2% |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €2,147 | +€2,147 | |
| Recurring financial charges | 65 | €1,891 | €2,147 | +€257 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €20 | €2,040 | +€2,020 | +10060.0% |
| Income taxes | 67/77 | €6,866 | €5,626 | -€1,239 | -18.0% |
| Profit (loss) for the period | 9904 | -€6,845 | -€3,586 | +€3,259 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,845 | -€3,586 | +€3,259 | +47.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.