DEFEVER: 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.
DEFEVER
Largest movements
- Stocks and contracts +€211,708
up €211,708 (+66.8%), from €316,726 to €528,433
- Receivables within one year -€67,982
down €67,982 (-84.2%), from €80,710 to €12,728
of which Trade receivables: -€62,021
- Tangible fixed assets -€39,258
down €39,258 (-20.1%), from €195,284 to €156,026
of which Furniture and vehicles: -€27,578
- Trade debts +€73,374
up €73,374 (+448%), from €16,396 to €89,770
- Provisions +€29,000
up €29,000 (+96.7%), from €30,000 to €59,000
- Other debts +€19,048
up €19,048 (+11.9%), from €159,799 to €178,846
- Debts after one year -€18,004
down €18,004 (-60.6%), from €29,721 to €11,716
- Tax, wage and social debts +€9,433
up €9,433 (+23.2%), from €40,705 to €50,138
of which Taxes: +€13,668
- Gross operating margin -€73,089
down €73,089 (-27.1%), from €269,558 to €196,469
- Staff costs -€52,874
down €52,874 (-38.1%), from €138,822 to €85,948
- Provisions +€29,000
up €29,000, from €0 to €29,000
- Taxes -€11,906
down €11,906 (-62.5%), from €19,039 to €7,133
- Depreciation -€7,753
down €7,753 (-18.2%), from €42,658 to €34,905
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 | €610,657 | €718,670 | +€108,013 | +17.7% |
| Fixed assets | 21/28 | €195,284 | €156,026 | -€39,258 | -20.1% |
| Tangible fixed assets | 22/27 | €195,284 | €156,026 | -€39,258 | -20.1% |
| Land and buildings | 22 | €71,334 | €60,870 | -€10,465 | -14.7% |
| Plant, machinery and equipment | 23 | €16,477 | €11,512 | -€4,965 | -30.1% |
| Furniture and vehicles | 24 | €33,196 | €5,618 | -€27,578 | -83.1% |
| Other tangible fixed assets | 26 | €74,277 | €78,026 | +€3,749 | +5.0% |
| Current assets | 29/58 | €415,373 | €562,644 | +€147,271 | +35.5% |
| Stocks and contracts in progress | 3 | €316,726 | €528,433 | +€211,708 | +66.8% |
| Stocks | 30/36 | €316,726 | €528,433 | +€211,708 | +66.8% |
| Amounts receivable within one year | 40/41 | €80,710 | €12,728 | -€67,982 | -84.2% |
| Trade receivables | 40 | €74,748 | €12,728 | -€62,021 | -83.0% |
| Other amounts receivable | 41 | €5,962 | €0 | -€5,961 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,437 | €18,982 | +€3,545 | +23.0% |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €610,657 | €718,670 | +€108,013 | +17.7% |
| Equity | 10/15 | €323,282 | €323,168 | -€114 | 0.0% |
| Contributions | 10/11 | €75,979 | €75,979 | = | 0.0% |
| Reserves | 13 | €247,303 | €247,189 | -€114 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €247,303 | €247,189 | -€114 | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €30,000 | €59,000 | +€29,000 | +96.7% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €59,000 | +€29,000 | +96.7% |
| Major repairs and maintenance | 162 | €30,000 | €59,000 | +€29,000 | +96.7% |
| Amounts payable | 17/49 | €257,375 | €336,502 | +€79,126 | +30.7% |
| Amounts payable after more than one year | 17 | €29,721 | €11,716 | -€18,004 | -60.6% |
| Financial debts | 170/4 | €29,721 | €11,716 | -€18,004 | -60.6% |
| Amounts payable within one year | 42/48 | €227,655 | €324,786 | +€97,131 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €10,755 | €6,031 | -€4,724 | -43.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,396 | €89,770 | +€73,374 | +448% |
| Suppliers | 440/4 | €16,396 | €89,770 | +€73,374 | +448% |
| Taxes, remuneration and social security | 45 | €40,705 | €50,138 | +€9,433 | +23.2% |
| Taxes | 450/3 | €29,196 | €42,864 | +€13,668 | +46.8% |
| Remuneration and social security | 454/9 | €11,509 | €7,275 | -€4,235 | -36.8% |
| Other amounts payable | 47/48 | €159,799 | €178,846 | +€19,048 | +11.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,439 | +€2,439 | |
| Remuneration, social security and pensions | 62 | €138,822 | €85,948 | -€52,874 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,658 | €34,905 | -€7,753 | -18.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €29,000 | +€29,000 | |
| Other operating charges | 640/8 | €3,684 | €5,206 | +€1,523 | +41.3% |
| Gross operating margin | 9900 | €269,558 | €196,469 | -€73,089 | -27.1% |
| Operating profit (loss) | 9901 | €84,394 | €41,409 | -€42,985 | -50.9% |
| Financial income | 75/76B | €1,720 | €63 | -€1,657 | -96.4% |
| Recurring financial income | 75 | €1,720 | €63 | -€1,657 | -96.4% |
| Financial charges | 65/66B | €17,748 | €20,685 | +€2,936 | +16.5% |
| Recurring financial charges | 65 | €17,748 | €20,685 | +€2,936 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €68,366 | €20,787 | -€47,579 | -69.6% |
| Income taxes | 67/77 | €19,039 | €7,133 | -€11,906 | -62.5% |
| Profit (loss) for the period | 9904 | €49,327 | €13,654 | -€35,673 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,327 | €13,654 | -€35,673 | -72.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.