DEFCORP: 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.
DEFCORP
Largest movements
- Tangible fixed assets -€12,335
down €12,335 (-39.8%), from €30,978 to €18,643
of which Furniture and vehicles: -€10,670
- Cash +€6,300
up €6,300 (+20.9%), from €30,185 to €36,485
mainly Depreciation (+€13,944) and Net result for the year (+€10,093)
- Stocks and contracts +€960
up €960 (+45.3%), from €2,117 to €3,077
- Receivables within one year +€685
up €685 (+1395.8%), from €49 to €734
of which Other amounts receivable: +€734
- Other debts -€8,619
down €8,619 (-41.1%), from €20,965 to €12,346
- Profit (loss) carried forward +€8,375
up €8,375, from -€4,238 to €4,137
- Debts after one year -€8,241
down €8,241 (-61.2%), from €13,464 to €5,223
- Tax, wage and social debts +€3,763
up €3,763 (+82.7%), from €4,553 to €8,316
- Trade debts +€745
up €745 (+78.9%), from €945 to €1,690
- Gross operating margin +€13,185
up €13,185 (+61.5%), from €21,438 to €34,623
- Taxes +€4,860
up €4,860 (+140.6%), from €3,456 to €8,316
- Depreciation -€2,542
down €2,542 (-15.4%), from €16,486 to €13,944
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 | €63,673 | €59,318 | -€4,355 | -6.8% |
| Fixed assets | 21/28 | €30,978 | €18,643 | -€12,335 | -39.8% |
| Tangible fixed assets | 22/27 | €30,978 | €18,643 | -€12,335 | -39.8% |
| Plant, machinery and equipment | 23 | €1,036 | €0 | -€1,036 | -100.0% |
| Furniture and vehicles | 24 | €27,427 | €16,758 | -€10,670 | -38.9% |
| Other tangible fixed assets | 26 | €2,514 | €1,886 | -€629 | -25.0% |
| Current assets | 29/58 | €32,695 | €40,675 | +€7,980 | +24.4% |
| Stocks and contracts in progress | 3 | €2,117 | €3,077 | +€960 | +45.3% |
| Stocks | 30/36 | €2,117 | €3,077 | +€960 | +45.3% |
| Amounts receivable within one year | 40/41 | €49 | €734 | +€685 | +1395.8% |
| Trade receivables | 40 | €49 | - | -€49 | |
| Other amounts receivable | 41 | - | €734 | +€734 | |
| Cash at bank and in hand | 54/58 | €30,185 | €36,485 | +€6,300 | +20.9% |
| Deferred charges and accrued income | 490/1 | €344 | €379 | +€35 | +10.1% |
| Total equity and liabilities | 10/49 | €63,673 | €59,318 | -€4,355 | -6.8% |
| Equity | 10/15 | €15,062 | €23,437 | +€8,375 | +55.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,238 | €4,137 | +€8,375 | |
| Amounts payable | 17/49 | €48,611 | €35,882 | -€12,730 | -26.2% |
| Amounts payable after more than one year | 17 | €13,464 | €5,223 | -€8,241 | -61.2% |
| Financial debts | 170/4 | €13,464 | €5,223 | -€8,241 | -61.2% |
| Amounts payable within one year | 42/48 | €34,754 | €30,593 | -€4,161 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €8,291 | €8,241 | -€50 | -0.6% |
| Trade debts | 44 | €945 | €1,690 | +€745 | +78.9% |
| Suppliers | 440/4 | €945 | €1,690 | +€745 | +78.9% |
| Taxes, remuneration and social security | 45 | €4,553 | €8,316 | +€3,763 | +82.7% |
| Taxes | 450/3 | €4,553 | €8,316 | +€3,763 | +82.7% |
| Other amounts payable | 47/48 | €20,965 | €12,346 | -€8,619 | -41.1% |
| Accrued charges and deferred income | 492/3 | €393 | €66 | -€327 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,486 | €13,944 | -€2,542 | -15.4% |
| Other operating charges | 640/8 | €1,490 | €1,446 | -€44 | -2.9% |
| Gross operating margin | 9900 | €21,438 | €34,623 | +€13,185 | +61.5% |
| Operating profit (loss) | 9901 | €3,462 | €19,233 | +€15,771 | +455.5% |
| Financial charges | 65/66B | €800 | €825 | +€25 | +3.1% |
| Recurring financial charges | 65 | €800 | €825 | +€25 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €2,663 | €18,408 | +€15,746 | +591.4% |
| Income taxes | 67/77 | €3,456 | €8,316 | +€4,860 | +140.6% |
| Profit (loss) for the period | 9904 | -€793 | €10,093 | +€10,886 | |
| Profit (loss) for the period to be appropriated | 9905 | -€793 | €10,093 | +€10,886 |
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 30 September 2026 via checked.be.