Defever: 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.
Defever
Largest movements
- Cash +€36,634
up €36,634 (+47.6%), from €77,006 to €113,640
mainly Net result for the year (+€41,926) and Tax, wage and social debts (+€3,272)
- Receivables within one year +€6,002
up €6,002 (+47.2%), from €12,728 to €18,730
of which Trade receivables: +€6,385
- Tangible fixed assets +€1,508
up €1,508 (+160.3%), from €941 to €2,448
of which Plant, machinery and equipment: +€807
- Reserves +€41,926
up €41,926 (+71.6%), from €58,592 to €100,517
- Tax, wage and social debts +€3,272
up €3,272 (+16.8%), from €19,439 to €22,711
- Trade debts -€1,411
down €1,411 (-48.5%), from €2,909 to €1,498
- Gross operating margin -€29,258
down €29,258 (-31.1%), from €94,152 to €64,894
- Taxes -€8,678
down €8,678 (-32.7%), from €26,509 to €17,830
- Financial charges -€2,408
down €2,408 (-43.7%), from €5,510 to €3,102
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.
Cash bridge derived
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 | €90,674 | €134,818 | +€44,144 | +48.7% |
| Fixed assets | 21/28 | €941 | €2,448 | +€1,508 | +160.3% |
| Tangible fixed assets | 22/27 | €941 | €2,448 | +€1,508 | +160.3% |
| Plant, machinery and equipment | 23 | €941 | €1,748 | +€807 | +85.8% |
| Furniture and vehicles | 24 | - | €701 | +€701 | |
| Current assets | 29/58 | €89,733 | €132,370 | +€42,636 | +47.5% |
| Amounts receivable within one year | 40/41 | €12,728 | €18,730 | +€6,002 | +47.2% |
| Trade receivables | 40 | €12,316 | €18,701 | +€6,385 | +51.8% |
| Other amounts receivable | 41 | €412 | €29 | -€383 | -93.0% |
| Cash at bank and in hand | 54/58 | €77,006 | €113,640 | +€36,634 | +47.6% |
| Total equity and liabilities | 10/49 | €90,674 | €134,818 | +€44,144 | +48.7% |
| Equity | 10/15 | €63,592 | €105,517 | +€41,926 | +65.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,592 | €100,517 | +€41,926 | +71.6% |
| Distributable reserves | 133 | €58,592 | €100,517 | +€41,926 | +71.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €27,082 | €29,300 | +€2,218 | +8.2% |
| Amounts payable within one year | 42/48 | €27,082 | €29,300 | +€2,218 | +8.2% |
| Trade debts | 44 | €2,909 | €1,498 | -€1,411 | -48.5% |
| Suppliers | 440/4 | €2,909 | €1,498 | -€1,411 | -48.5% |
| Taxes, remuneration and social security | 45 | €19,439 | €22,711 | +€3,272 | +16.8% |
| Taxes | 450/3 | €19,439 | €22,711 | +€3,272 | +16.8% |
| Other amounts payable | 47/48 | €4,734 | €5,091 | +€357 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,596 | €1,085 | -€510 | -32.0% |
| Other operating charges | 640/8 | €1,147 | €951 | -€196 | -17.1% |
| Gross operating margin | 9900 | €94,152 | €64,894 | -€29,258 | -31.1% |
| Operating profit (loss) | 9901 | €91,410 | €62,858 | -€28,552 | -31.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,510 | €3,102 | -€2,408 | -43.7% |
| Recurring financial charges | 65 | €5,510 | €3,102 | -€2,408 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €85,900 | €59,756 | -€26,144 | -30.4% |
| Income taxes | 67/77 | €26,509 | €17,830 | -€8,678 | -32.7% |
| Profit (loss) for the period | 9904 | €59,392 | €41,926 | -€17,466 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,392 | €41,926 | -€17,466 | -29.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.