DEFIBEL: 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.
DEFIBEL
Largest movements
- Receivables within one year -€26,906
down €26,906 (-17.6%), from €152,922 to €126,015
- Tangible fixed assets -€18,940
down €18,940 (-1.4%), from €1.4m to €1.3m
of which Land and buildings: -€28,862
- Other debts +€100,799
up €100,799 (+29.2%), from €345,735 to €446,534
- Debts after one year -€62,196
down €62,196 (-6.1%), from €1.0m to €964,035
- Trade debts -€27,152
down €27,152 (-48.8%), from €55,632 to €28,480
- Tax, wage and social debts -€22,180
down €22,180 (-39.8%), from €55,789 to €33,609
- Advances received -€16,241
no longer reported in 2023 (was €16,241)
- Gross operating margin -€6,445
down €6,445 (-7.5%), from €86,196 to €79,751
- Depreciation +€3,915
up €3,915 (+8.7%), from €45,238 to €49,153
- Other operating charges +€2,342
up €2,342 (+33.7%), from €6,940 to €9,283
- Financial charges -€1,168
down €1,168 (-4.2%), from €27,558 to €26,389
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,509,249 | €1,476,421 | -€32,828 | -2.2% |
| Fixed assets | 21/28 | €1,353,868 | €1,334,928 | -€18,940 | -1.4% |
| Tangible fixed assets | 22/27 | €1,353,868 | €1,334,928 | -€18,940 | -1.4% |
| Land and buildings | 22 | €1,327,045 | €1,298,182 | -€28,862 | -2.2% |
| Furniture and vehicles | 24 | €26,823 | €36,745 | +€9,922 | +37.0% |
| Current assets | 29/58 | €155,382 | €141,494 | -€13,888 | -8.9% |
| Amounts receivable within one year | 40/41 | €152,922 | €126,015 | -€26,906 | -17.6% |
| Trade receivables | 40 | €152,922 | €126,015 | -€26,906 | -17.6% |
| Cash at bank and in hand | 54/58 | €2,460 | €13,548 | +€11,088 | +451% |
| Deferred charges and accrued income | 490/1 | - | €1,930 | +€1,930 | |
| Total equity and liabilities | 10/49 | €1,509,249 | €1,476,421 | -€32,828 | -2.2% |
| Equity | 10/15 | -€60,171 | -€65,543 | -€5,372 | -8.9% |
| 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 | -€80,631 | -€86,003 | -€5,372 | -6.7% |
| Amounts payable | 17/49 | €1,569,420 | €1,541,964 | -€27,456 | -1.7% |
| Amounts payable after more than one year | 17 | €1,026,231 | €964,035 | -€62,196 | -6.1% |
| Financial debts | 170/4 | €1,026,231 | €964,035 | -€62,196 | -6.1% |
| Amounts payable within one year | 42/48 | €535,661 | €570,819 | +€35,159 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €60,820 | €62,196 | +€1,376 | +2.3% |
| Financial debts | 43 | €1,444 | - | -€1,444 | |
| Credit institutions | 430/8 | €1,444 | - | -€1,444 | |
| Trade debts | 44 | €55,632 | €28,480 | -€27,152 | -48.8% |
| Suppliers | 440/4 | €55,632 | €28,480 | -€27,152 | -48.8% |
| Advances received on contracts in progress | 46 | €16,241 | - | -€16,241 | |
| Taxes, remuneration and social security | 45 | €55,789 | €33,609 | -€22,180 | -39.8% |
| Taxes | 450/3 | €55,789 | €33,609 | -€22,180 | -39.8% |
| Other amounts payable | 47/48 | €345,735 | €446,534 | +€100,799 | +29.2% |
| Accrued charges and deferred income | 492/3 | €7,528 | €7,110 | -€419 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,238 | €49,153 | +€3,915 | +8.7% |
| Other operating charges | 640/8 | €6,940 | €9,283 | +€2,342 | +33.7% |
| Gross operating margin | 9900 | €86,196 | €79,751 | -€6,445 | -7.5% |
| Operating profit (loss) | 9901 | €34,018 | €21,316 | -€12,702 | -37.3% |
| Financial charges | 65/66B | €27,558 | €26,389 | -€1,168 | -4.2% |
| Recurring financial charges | 65 | €27,558 | €26,389 | -€1,168 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €6,460 | -€5,073 | -€11,534 | |
| Income taxes | 67/77 | €124 | €299 | +€175 | +140% |
| Profit (loss) for the period | 9904 | €6,336 | -€5,372 | -€11,708 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,336 | -€5,372 | -€11,708 |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.