DEFECHE S. CONSTRUCTION: 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.
DEFECHE S. CONSTRUCTION
Largest movements
- Stocks and contracts +€478,105
up €478,105 (+1,382%), from €34,588 to €512,693
of which Contracts in progress: +€431,535
- Tangible fixed assets -€24,465
down €24,465 (-8.6%), from €285,440 to €260,975
of which Land and buildings: -€55,296
- Receivables after one year +€15,000
up €15,000 (+62.5%), from €24,000 to €39,000
- Receivables within one year -€8,941
down €8,941 (-72.7%), from €12,291 to €3,349
of which Trade receivables: -€11,224
- Debts after one year +€466,499
up €466,499 (+210%), from €221,873 to €688,372
of which Financial debts: +€466,499
- Tax, wage and social debts -€18,495
down €18,495 (-95.6%), from €19,345 to €850
of which Taxes: -€11,292
- Trade debts +€12,646
up €12,646 (+21.4%), from €59,013 to €71,659
- Staff costs +€26,847
up €26,847 (+30.9%), from €86,896 to €113,742
- Gross operating margin +€25,099
up €25,099 (+15.3%), from €164,040 to €189,139
- Financial charges +€9,553
up €9,553 (+68.2%), from €14,018 to €23,572
- Other operating charges -€8,769
down €8,769 (-40.5%), from €21,652 to €12,884
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 | €385,609 | €841,041 | +€455,433 | +118% |
| Fixed assets | 21/28 | €289,527 | €265,062 | -€24,465 | -8.5% |
| Tangible fixed assets | 22/27 | €285,440 | €260,975 | -€24,465 | -8.6% |
| Land and buildings | 22 | €221,236 | €165,940 | -€55,296 | -25.0% |
| Plant, machinery and equipment | 23 | €39,899 | €28,760 | -€11,140 | -27.9% |
| Furniture and vehicles | 24 | €24,305 | €16,826 | -€7,479 | -30.8% |
| Assets under construction and advance payments | 27 | - | €49,449 | +€49,449 | |
| Financial fixed assets | 28 | €4,088 | €4,088 | = | 0.0% |
| Current assets | 29/58 | €96,081 | €575,979 | +€479,898 | +499% |
| Amounts receivable after more than one year | 29 | €24,000 | €39,000 | +€15,000 | +62.5% |
| Other amounts receivable | 291 | €24,000 | €39,000 | +€15,000 | +62.5% |
| Stocks and contracts in progress | 3 | €34,588 | €512,693 | +€478,105 | +1,382% |
| Stocks | 30/36 | €12,189 | €58,759 | +€46,570 | +382% |
| Contracts in progress | 37 | €22,399 | €453,934 | +€431,535 | +1,927% |
| Amounts receivable within one year | 40/41 | €12,291 | €3,349 | -€8,941 | -72.7% |
| Trade receivables | 40 | €12,291 | €1,066 | -€11,224 | -91.3% |
| Other amounts receivable | 41 | - | €2,283 | +€2,283 | |
| Cash at bank and in hand | 54/58 | €16,981 | €20,937 | +€3,956 | +23.3% |
| Deferred charges and accrued income | 490/1 | €8,222 | - | -€8,222 | |
| Total equity and liabilities | 10/49 | €385,609 | €841,041 | +€455,433 | +118% |
| Equity | 10/15 | €52,965 | €52,696 | -€268 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,505 | €32,236 | -€268 | -0.8% |
| Amounts payable | 17/49 | €332,644 | €788,345 | +€455,701 | +137% |
| Amounts payable after more than one year | 17 | €221,873 | €688,372 | +€466,499 | +210% |
| Financial debts | 170/4 | €217,326 | €683,825 | +€466,499 | +215% |
| Other amounts payable | 178/9 | €4,547 | €4,547 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110,771 | €99,973 | -€10,798 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €32,339 | €27,464 | -€4,875 | -15.1% |
| Trade debts | 44 | €59,013 | €71,659 | +€12,646 | +21.4% |
| Suppliers | 440/4 | €59,013 | €71,659 | +€12,646 | +21.4% |
| Taxes, remuneration and social security | 45 | €19,345 | €850 | -€18,495 | -95.6% |
| Taxes | 450/3 | €12,142 | €850 | -€11,292 | -93.0% |
| Remuneration and social security | 454/9 | €7,203 | - | -€7,203 | |
| Other amounts payable | 47/48 | €74 | - | -€74 | |
| Non-recurring operating income | 76A | - | €8,070 | +€8,070 | |
| Remuneration, social security and pensions | 62 | €86,896 | €113,742 | +€26,847 | +30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,051 | €38,256 | -€1,795 | -4.5% |
| Other operating charges | 640/8 | €21,652 | €12,884 | -€8,769 | -40.5% |
| Gross operating margin | 9900 | €164,040 | €189,139 | +€25,099 | +15.3% |
| Operating profit (loss) | 9901 | €15,441 | €24,257 | +€8,816 | +57.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,018 | €23,572 | +€9,553 | +68.2% |
| Recurring financial charges | 65 | €14,018 | €23,572 | +€9,553 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €1,423 | €686 | -€737 | -51.8% |
| Income taxes | 67/77 | €2,504 | €954 | -€1,550 | -61.9% |
| Profit (loss) for the period | 9904 | -€1,081 | -€268 | +€812 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,081 | -€268 | +€812 | +75.2% |
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 16 October 2026 via checked.be.