DEFOORT: 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.
DEFOORT
Largest movements
- Cash -€9,680
down €9,680 (-35.4%), from €27,363 to €17,683
mainly Trade debts (-€8,875) and Debts after one year (-€3,474)
- Receivables within one year -€3,789
down €3,789 (-20.7%), from €18,344 to €14,555
of which Other amounts receivable: -€2,591
- Stocks and contracts +€1,425
new in 2025: €1,425
- Tangible fixed assets -€1,208
down €1,208 (-9.6%), from €12,645 to €11,436
of which Furniture and vehicles: -€1,555
- Deferred charges and accrued income -€893
down €893 (-99.5%), from €898 to €5
- Trade debts -€8,875
down €8,875 (-78.7%), from €11,279 to €2,405
- Debts after one year -€3,474
down €3,474 (-53.7%), from €6,474 to €3,000
- Reserves -€1,416
down €1,416 (-19.6%), from €7,232 to €5,817
- Tax, wage and social debts -€674
down €674 (-8.6%), from €7,844 to €7,170
of which Remuneration and social security: -€1,500
- Gross operating margin -€8,613
down €8,613 (-49.6%), from €17,354 to €8,741
- Depreciation +€2,364
up €2,364 (+259.4%), from €911 to €3,275
- Taxes -€1,550
down €1,550 (-50.4%), from €3,079 to €1,528
- Financial charges +€924
up €924 (+40.1%), from €2,307 to €3,232
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 | €59,250 | €45,105 | -€14,146 | -23.9% |
| Fixed assets | 21/28 | €12,645 | €11,436 | -€1,208 | -9.6% |
| Tangible fixed assets | 22/27 | €12,645 | €11,436 | -€1,208 | -9.6% |
| Plant, machinery and equipment | 23 | €250 | €597 | +€347 | +138.7% |
| Furniture and vehicles | 24 | €12,395 | €10,839 | -€1,555 | -12.5% |
| Current assets | 29/58 | €46,606 | €33,668 | -€12,937 | -27.8% |
| Stocks and contracts in progress | 3 | - | €1,425 | +€1,425 | |
| Stocks | 30/36 | - | €1,425 | +€1,425 | |
| Amounts receivable within one year | 40/41 | €18,344 | €14,555 | -€3,789 | -20.7% |
| Trade receivables | 40 | €11,189 | €9,992 | -€1,197 | -10.7% |
| Other amounts receivable | 41 | €7,155 | €4,564 | -€2,591 | -36.2% |
| Cash at bank and in hand | 54/58 | €27,363 | €17,683 | -€9,680 | -35.4% |
| Deferred charges and accrued income | 490/1 | €898 | €5 | -€893 | -99.5% |
| Total equity and liabilities | 10/49 | €59,250 | €45,105 | -€14,146 | -23.9% |
| Equity | 10/15 | €19,732 | €18,317 | -€1,416 | -7.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €7,232 | €5,817 | -€1,416 | -19.6% |
| Distributable reserves | 133 | €7,232 | €5,817 | -€1,416 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,518 | €26,788 | -€12,730 | -32.2% |
| Amounts payable after more than one year | 17 | €6,474 | €3,000 | -€3,474 | -53.7% |
| Financial debts | 170/4 | €6,474 | €3,000 | -€3,474 | -53.7% |
| Amounts payable within one year | 42/48 | €33,044 | €23,788 | -€9,255 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €3,343 | €3,474 | +€132 | +3.9% |
| Financial debts | 43 | €9,745 | €9,906 | +€161 | +1.7% |
| Credit institutions | 430/8 | €9,745 | €9,906 | +€161 | +1.7% |
| Trade debts | 44 | €11,279 | €2,405 | -€8,875 | -78.7% |
| Suppliers | 440/4 | €11,279 | €2,405 | -€8,875 | -78.7% |
| Taxes, remuneration and social security | 45 | €7,844 | €7,170 | -€674 | -8.6% |
| Taxes | 450/3 | €6,344 | €7,170 | +€826 | +13.0% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €8,264 | €0 | -€8,264 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €3,275 | +€2,364 | +259.4% |
| Other operating charges | 640/8 | €1,491 | €1,555 | +€63 | +4.2% |
| Gross operating margin | 9900 | €17,354 | €8,741 | -€8,613 | -49.6% |
| Operating profit (loss) | 9901 | €14,951 | €3,912 | -€11,040 | -73.8% |
| Financial income | 75/76B | €344 | €266 | -€78 | -22.7% |
| Recurring financial income | 75 | €344 | €266 | -€78 | -22.7% |
| Financial charges | 65/66B | €2,307 | €3,232 | +€924 | +40.1% |
| Recurring financial charges | 65 | €2,307 | €3,232 | +€924 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €12,988 | €946 | -€12,042 | -92.7% |
| Income taxes | 67/77 | €3,079 | €1,528 | -€1,550 | -50.4% |
| Profit (loss) for the period | 9904 | €9,909 | -€583 | -€10,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,909 | -€583 | -€10,492 |
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 1 October 2026 via checked.be.