DEFEURNIS: 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.
DEFEURNIS
Largest movements
- Tangible fixed assets -€8,768
down €8,768 (-3.9%), from €222,270 to €213,502
of which Land and buildings: -€7,521
- Profit (loss) carried forward -€26,411
down €26,411 (-5.5%), from -€481,670 to -€508,081
- Debts after one year +€13,483
up €13,483 (+1.9%), from €694,564 to €708,047
of which Other amounts payable: +€13,483
- Trade debts +€4,650
up €4,650 (+198%), from €2,352 to €7,002
- Financial charges -€430
down €430 (-2.8%), from €15,312 to €14,882
- Gross operating margin -€388
down €388 (-4.8%), from €8,051 to €7,663
- Depreciation -€386
down €386 (-2.3%), from €16,546 to €16,159
- Other operating charges +€100
up €100 (+3.6%), from €2,779 to €2,879
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 | €229,892 | €223,979 | -€5,913 | -2.6% |
| Fixed assets | 21/28 | €222,270 | €213,562 | -€8,708 | -3.9% |
| Tangible fixed assets | 22/27 | €222,270 | €213,502 | -€8,768 | -3.9% |
| Land and buildings | 22 | €214,808 | €207,287 | -€7,521 | -3.5% |
| Plant, machinery and equipment | 23 | €6,486 | €4,888 | -€1,598 | -24.6% |
| Furniture and vehicles | 24 | €975 | €1,327 | +€352 | +36.1% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €7,622 | €10,417 | +€2,795 | +36.7% |
| Stocks and contracts in progress | 3 | €3,834 | €3,181 | -€654 | -17.0% |
| Stocks | 30/36 | €3,834 | €3,181 | -€654 | -17.0% |
| Amounts receivable within one year | 40/41 | €0 | €1,672 | +€1,672 | |
| Trade receivables | 40 | €0 | €1,672 | +€1,672 | |
| Cash at bank and in hand | 54/58 | €2,357 | €4,177 | +€1,820 | +77.2% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,388 | -€44 | -3.1% |
| Total equity and liabilities | 10/49 | €229,892 | €223,979 | -€5,913 | -2.6% |
| Equity | 10/15 | -€473,610 | -€500,021 | -€26,411 | -5.6% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€481,670 | -€508,081 | -€26,411 | -5.5% |
| Amounts payable | 17/49 | €703,502 | €724,000 | +€20,499 | +2.9% |
| Amounts payable after more than one year | 17 | €694,564 | €708,047 | +€13,483 | +1.9% |
| Financial debts | 170/4 | €380,430 | €380,430 | = | 0.0% |
| Other amounts payable | 178/9 | €314,134 | €327,617 | +€13,483 | +4.3% |
| Amounts payable within one year | 42/48 | €8,938 | €15,054 | +€6,116 | +68.4% |
| Financial debts | 43 | - | €1,769 | +€1,769 | |
| Credit institutions | 430/8 | - | €1,769 | +€1,769 | |
| Trade debts | 44 | €2,352 | €7,002 | +€4,650 | +198% |
| Suppliers | 440/4 | €2,352 | €7,002 | +€4,650 | +198% |
| Taxes, remuneration and social security | 45 | €709 | €406 | -€303 | -42.8% |
| Taxes | 450/3 | €709 | €406 | -€303 | -42.8% |
| Other amounts payable | 47/48 | €5,877 | €5,877 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,546 | €16,159 | -€386 | -2.3% |
| Other operating charges | 640/8 | €2,779 | €2,879 | +€100 | +3.6% |
| Gross operating margin | 9900 | €8,051 | €7,663 | -€388 | -4.8% |
| Operating profit (loss) | 9901 | -€11,273 | -€11,375 | -€101 | -0.9% |
| Financial charges | 65/66B | €15,312 | €14,882 | -€430 | -2.8% |
| Recurring financial charges | 65 | €15,312 | €14,882 | -€430 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,586 | -€26,257 | +€328 | +1.2% |
| Income taxes | 67/77 | €105 | €154 | +€50 | +47.3% |
| Profit (loss) for the period | 9904 | -€26,690 | -€26,411 | +€279 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,690 | -€26,411 | +€279 | +1.0% |
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 20 October 2026 via checked.be.