DEFEVER-VANPARYS: 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-VANPARYS
Largest movements
- Cash +€16,916
up €16,916 (+38.9%), from €43,528 to €60,444
mainly Net result for the year (+€22,594) and Depreciation (+€13,276)
- Tangible fixed assets -€8,031
down €8,031 (-4.8%), from €165,622 to €157,591
of which Land and buildings: -€6,599
- Receivables within one year -€2,628
down €2,628 (-19.9%), from €13,220 to €10,592
of which Trade receivables: -€4,378
- Reserves +€22,594
up €22,594 (+15.8%), from €143,398 to €165,993
- Debts after one year -€15,139
down €15,139 (-82.9%), from €18,266 to €3,127
- Current portion of long-term debt -€5,135
down €5,135 (-25.3%), from €20,274 to €15,139
- Gross operating margin -€4,355
down €4,355 (-7.7%), from €56,802 to €52,447
- Taxes -€1,051
down €1,051 (-8.7%), from €12,128 to €11,078
- Financial charges -€796
down €796 (-38.6%), from €2,061 to €1,265
of which Financial charges: -€796
- Depreciation +€591
up €591 (+4.7%), from €12,685 to €13,276
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 | €230,151 | €233,939 | +€3,789 | +1.6% |
| Fixed assets | 21/28 | €165,622 | €157,591 | -€8,031 | -4.8% |
| Tangible fixed assets | 22/27 | €165,622 | €157,591 | -€8,031 | -4.8% |
| Land and buildings | 22 | €149,295 | €142,696 | -€6,599 | -4.4% |
| Plant, machinery and equipment | 23 | €1,465 | €5,812 | +€4,347 | +297% |
| Furniture and vehicles | 24 | €14,863 | €9,084 | -€5,779 | -38.9% |
| Current assets | 29/58 | €64,528 | €76,348 | +€11,820 | +18.3% |
| Stocks and contracts in progress | 3 | €6,170 | €4,091 | -€2,079 | -33.7% |
| Stocks | 30/36 | €6,170 | €4,091 | -€2,079 | -33.7% |
| Amounts receivable within one year | 40/41 | €13,220 | €10,592 | -€2,628 | -19.9% |
| Trade receivables | 40 | €7,477 | €3,099 | -€4,378 | -58.6% |
| Other amounts receivable | 41 | €5,744 | €7,493 | +€1,750 | +30.5% |
| Cash at bank and in hand | 54/58 | €43,528 | €60,444 | +€16,916 | +38.9% |
| Deferred charges and accrued income | 490/1 | €1,610 | €1,221 | -€389 | -24.1% |
| Total equity and liabilities | 10/49 | €230,151 | €233,939 | +€3,789 | +1.6% |
| Equity | 10/15 | €161,998 | €184,593 | +€22,594 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,398 | €165,993 | +€22,594 | +15.8% |
| Distributable reserves | 133 | €143,398 | €165,993 | +€22,594 | +15.8% |
| Amounts payable | 17/49 | €68,152 | €49,347 | -€18,806 | -27.6% |
| Amounts payable after more than one year | 17 | €18,266 | €3,127 | -€15,139 | -82.9% |
| Financial debts | 170/4 | €18,266 | €3,127 | -€15,139 | -82.9% |
| Amounts payable within one year | 42/48 | €49,886 | €46,220 | -€3,666 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €20,274 | €15,139 | -€5,135 | -25.3% |
| Trade debts | 44 | €9,588 | €10,031 | +€443 | +4.6% |
| Suppliers | 440/4 | €9,588 | €10,031 | +€443 | +4.6% |
| Taxes, remuneration and social security | 45 | €5,209 | €6,131 | +€922 | +17.7% |
| Taxes | 450/3 | €5,209 | €6,131 | +€922 | +17.7% |
| Other amounts payable | 47/48 | €14,815 | €14,918 | +€104 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,685 | €13,276 | +€591 | +4.7% |
| Other operating charges | 640/8 | €4,937 | €4,534 | -€402 | -8.1% |
| Gross operating margin | 9900 | €56,802 | €52,447 | -€4,355 | -7.7% |
| Operating profit (loss) | 9901 | €39,180 | €34,636 | -€4,544 | -11.6% |
| Financial income | 75/76B | €199 | €301 | +€102 | +51.0% |
| Recurring financial income | 75 | €199 | €301 | +€102 | +51.0% |
| Financial charges | 65/66B | €2,061 | €1,265 | -€796 | -38.6% |
| Recurring financial charges | 65 | €2,061 | €1,265 | -€796 | -38.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €37,318 | €33,672 | -€3,646 | -9.8% |
| Income taxes | 67/77 | €12,128 | €11,078 | -€1,051 | -8.7% |
| Profit (loss) for the period | 9904 | €25,190 | €22,594 | -€2,596 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,190 | €22,594 | -€2,596 | -10.3% |
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 24 October 2026 via checked.be.