DEFIVET: 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.
DEFIVET
Largest movements
- Cash +€43,149
up €43,149 (+49.7%), from €86,808 to €129,956
- Current investments -€40,000
no longer reported in 2021 (was €40,000)
- Tangible fixed assets +€31,267
up €31,267 (+3,326%), from €940 to €32,207
of which Furniture and vehicles: +€31,927
- Receivables within one year -€18,288
down €18,288 (-37.0%), from €49,432 to €31,144
- Profit (loss) carried forward +€9,131
up €9,131 (+80.4%), from -€11,361 to -€2,230
- Debts within one year +€8,340
up €8,340 (+112%), from €7,450 to €15,790
of which Other debts: +€12,304
- Depreciation +€4,409
up €4,409 (+1,574%), from €280 to €4,689
- Gross operating margin -€3,147
down €3,147 (-29.4%), from €10,714 to €7,567
- Taxes +€846
up €846 (+239%), from €354 to €1,200
- Financial charges +€271
new in 2021: €271
- Other operating charges +€267
new in 2021: €267
From the 2019 result to the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,549 | €206,020 | +€17,472 | +9.3% |
| Fixed assets | 21/28 | €940 | €32,207 | +€31,267 | +3,326% |
| Tangible fixed assets | 22/27 | €940 | €32,207 | +€31,267 | +3,326% |
| Plant, machinery and equipment | 23 | - | €280 | +€280 | |
| Furniture and vehicles | 24 | - | €31,927 | +€31,927 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €187,609 | €173,813 | -€13,795 | -7.4% |
| Stocks and contracts in progress | 3 | €11,369 | €11,437 | +€68 | +0.6% |
| Stocks | 30/36 | - | €11,437 | +€11,437 | |
| Amounts receivable within one year | 40/41 | €49,432 | €31,144 | -€18,288 | -37.0% |
| Trade receivables | 40 | - | €23,651 | +€23,651 | |
| Other amounts receivable | 41 | - | €7,493 | +€7,493 | |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €86,808 | €129,956 | +€43,149 | +49.7% |
| Deferred charges and accrued income | 490/1 | - | €1,276 | +€1,276 | |
| Total equity and liabilities | 10/49 | €188,549 | €206,020 | +€17,472 | +9.3% |
| Equity | 10/15 | €181,099 | €190,230 | +€9,131 | +5.0% |
| Contributions | 10/11 | €190,600 | €190,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| 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 | -€11,361 | -€2,230 | +€9,131 | +80.4% |
| Amounts payable | 17/49 | €7,450 | €15,790 | +€8,340 | +112% |
| Amounts payable within one year | 42/48 | €7,450 | €15,790 | +€8,340 | +112% |
| Trade debts | 44 | €3,375 | €2,286 | -€1,089 | -32.3% |
| Suppliers | 440/4 | - | €2,286 | +€2,286 | |
| Taxes, remuneration and social security | 45 | - | €1,200 | +€1,200 | |
| Taxes | 450/3 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | - | €12,304 | +€12,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €4,689 | +€4,409 | +1,574% |
| Other operating charges | 640/8 | - | €267 | +€267 | |
| Gross operating margin | 9900 | €10,714 | €7,567 | -€3,147 | -29.4% |
| Operating profit (loss) | 9901 | €9,701 | €2,611 | -€7,089 | -73.1% |
| Financial income | 75/76B | - | €66 | +€66 | |
| Recurring financial income | 75 | €259 | €66 | -€193 | -74.4% |
| Financial charges | 65/66B | - | €271 | +€271 | |
| Recurring financial charges | 65 | €98 | €271 | +€173 | +176% |
| Profit (loss) for the period before taxes | 9903 | €9,861 | €2,407 | -€7,455 | -75.6% |
| Income taxes | 67/77 | €354 | €1,200 | +€846 | +239% |
| Profit (loss) for the period | 9904 | €9,508 | €1,207 | -€8,301 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,508 | €1,207 | -€8,301 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2019 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.