DEFORA: 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.
DEFORA
Largest movements
- Tangible fixed assets -€1,963
down €1,963 (-22.4%), from €8,747 to €6,784
of which Plant, machinery and equipment: -€1,342
- Deferred charges and accrued income +€891
new in 2025: €891
- Cash -€472
down €472 (-44.0%), from €1,073 to €601
mainly Net result for the year (-€7,984) and Deferred charges and accrued income (-€891)
- Receivables within one year -€407
down €407 (-25.9%), from €1,569 to €1,162
of which Trade receivables: -€208
- Financial fixed assets +€305
up €305 (+6.8%), from €4,465 to €4,770
- Profit (loss) carried forward -€7,984
down €7,984 (-20.1%), from -€39,697 to -€47,681
- Trade debts +€5,070
up €5,070 (+13.1%), from €38,731 to €43,801
- Tax, wage and social debts +€1,484
up €1,484 (+24.4%), from €6,073 to €7,556
of which Remuneration and social security: +€1,483
- Staff costs -€16,111
down €16,111 (-77.2%), from €20,880 to €4,770
- Gross operating margin -€12,175
down €12,175 (-72.7%), from €16,740 to €4,565
- Other operating charges +€1,161
up €1,161 (+140.4%), from €827 to €1,988
- Depreciation +€791
up €791 (+67.5%), from €1,172 to €1,963
- Financial charges +€324
up €324 (+9.3%), from €3,503 to €3,827
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 | €15,854 | €14,208 | -€1,646 | -10.4% |
| Fixed assets | 21/28 | €13,212 | €11,554 | -€1,658 | -12.5% |
| Tangible fixed assets | 22/27 | €8,747 | €6,784 | -€1,963 | -22.4% |
| Plant, machinery and equipment | 23 | €6,392 | €5,050 | -€1,342 | -21.0% |
| Furniture and vehicles | 24 | €2,355 | €1,734 | -€621 | -26.4% |
| Financial fixed assets | 28 | €4,465 | €4,770 | +€305 | +6.8% |
| Current assets | 29/58 | €2,642 | €2,654 | +€12 | +0.4% |
| Amounts receivable within one year | 40/41 | €1,569 | €1,162 | -€407 | -25.9% |
| Trade receivables | 40 | €898 | €690 | -€208 | -23.2% |
| Other amounts receivable | 41 | €671 | €472 | -€199 | -29.6% |
| Cash at bank and in hand | 54/58 | €1,073 | €601 | -€472 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €891 | +€891 | |
| Total equity and liabilities | 10/49 | €15,854 | €14,208 | -€1,646 | -10.4% |
| Equity | 10/15 | -€29,697 | -€37,681 | -€7,984 | -26.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,697 | -€47,681 | -€7,984 | -20.1% |
| Amounts payable | 17/49 | €45,552 | €51,889 | +€6,338 | +13.9% |
| Amounts payable within one year | 42/48 | €45,204 | €51,691 | +€6,487 | +14.4% |
| Trade debts | 44 | €38,731 | €43,801 | +€5,070 | +13.1% |
| Suppliers | 440/4 | €38,731 | €43,801 | +€5,070 | +13.1% |
| Taxes, remuneration and social security | 45 | €6,073 | €7,556 | +€1,484 | +24.4% |
| Taxes | 450/3 | €200 | €201 | +€1 | +0.4% |
| Remuneration and social security | 454/9 | €5,873 | €7,356 | +€1,483 | +25.3% |
| Other amounts payable | 47/48 | €401 | €334 | -€67 | -16.6% |
| Accrued charges and deferred income | 492/3 | €347 | €198 | -€149 | -43.0% |
| Remuneration, social security and pensions | 62 | €20,880 | €4,770 | -€16,111 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €1,963 | +€791 | +67.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7 | €1 | -€6 | -84.9% |
| Other operating charges | 640/8 | €827 | €1,988 | +€1,161 | +140.4% |
| Non-recurring operating charges | 66A | €419 | - | -€419 | |
| Gross operating margin | 9900 | €16,740 | €4,565 | -€12,175 | -72.7% |
| Operating profit (loss) | 9901 | -€6,564 | -€4,156 | +€2,408 | +36.7% |
| Financial charges | 65/66B | €3,503 | €3,827 | +€324 | +9.3% |
| Recurring financial charges | 65 | €3,503 | €3,827 | +€324 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,068 | -€7,984 | +€2,084 | +20.7% |
| Profit (loss) for the period | 9904 | -€10,068 | -€7,984 | +€2,084 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,068 | -€7,984 | +€2,084 | +20.7% |
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 28 September 2026 via checked.be.