DEFORCE: 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.
What changed
DEFORCE
NACE 47.120, Other non-specialised retail sale
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
-€966,372
31-12-2024 · €402,936-€1.4m
Equity
€2.2m
31-12-2024 · €3.2m-€966,372
Cash
€1.1m
31-12-2024 · €1.2m-€152,014
Balance sheet total
€6.1m
31-12-2024 · €4.6m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+107.7%), from €1.3m to €2.7m
of which Trade receivables: +€1.0m
- Cash -€152,014
down €152,014 (-12.3%), from €1.2m to €1.1m
mainly Receivables within one year (-€1.4m) and Net result for the year (-€966,372)
- Stocks and contracts +€104,476
up €104,476 (+8.4%), from €1.2m to €1.4m
- Intangible fixed assets +€64,447
up €64,447 (+76.8%), from €83,880 to €148,326
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+130.7%), from €925,635 to €2.1m
- Profit (loss) carried forward -€966,372
down €966,372, from €365,036 to -€601,336
- Other debts +€871,258
new in 2025: €871,258
- Tax, wage and social debts +€221,593
up €221,593 (+47.1%), from €470,017 to €691,610
of which Remuneration and social security: +€221,078
- Accrued charges and deferred income +€78,048
up €78,048 (+905.4%), from €8,621 to €86,668
Income statement
- Turnover +€3.7m
up €3.7m (+47.7%), from €7.8m to €11.6m
- Goods and materials +€2.8m
up €2.8m (+56.2%), from €4.9m to €7.7m
of which Purchases: +€2.8m
- Staff costs +€1.5m
up €1.5m (+95.3%), from €1.6m to €3.1m
- Services and other goods +€534,231
up €534,231 (+44.1%), from €1.2m to €1.7m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€402,936
Turnover
+€3.7m
Other operating income
+€13,726
Goods and materials
-€2.8m
Services and other goods
-€534,231
Staff costs
-€1.5m
Depreciation
-€71,665
Write-downs
-€31,129
Provisions
-€63,288
Other operating charges
-€19,669
Other operating items
-€171,954
Financial income
+€29,946
Financial charges
-€59,276
Taxes
+€59,352
Result 31-12-2025
-€966,372
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€190,477
Investment
-€342,491
Financing
€0
Cash 31-12-2024
€1.2m
From operations (derived)
+€190,477
Net result for the year
-€966,372
Depreciation
+€232,343
Stocks and contracts
-€104,476
Receivables within one year
-€1.4m
Deferred charges and accrued income
+€2,962
Provisions
+€63,288
Trade debts
+€1.2m
Tax, wage and social debts
+€221,593
Other debts
+€871,258
Accrued charges and deferred income
+€78,048
Investment (derived)
-€342,491
Investment in fixed assets (net)
-€342,491
Cash 31-12-2025
€1.1m
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,617,924 | €6,095,568 | +€1.5m | +32.0% |
| Fixed assets | 21/28 | €816,177 | €926,325 | +€110,148 | +13.5% |
| Intangible fixed assets | 21 | €83,880 | €148,326 | +€64,447 | +76.8% |
| Tangible fixed assets | 22/27 | €732,298 | €777,999 | +€45,701 | +6.2% |
| Land and buildings | 22 | €180,989 | €142,741 | -€38,248 | -21.1% |
| Plant, machinery and equipment | 23 | €30,972 | €19,200 | -€11,772 | -38.0% |
| Furniture and vehicles | 24 | €127,493 | €249,440 | +€121,947 | +95.7% |
| Other tangible fixed assets | 26 | €392,844 | €366,618 | -€26,226 | -6.7% |
| Current assets | 29/58 | €3,801,747 | €5,169,243 | +€1.4m | +36.0% |
| Stocks and contracts in progress | 3 | €1,247,937 | €1,352,413 | +€104,476 | +8.4% |
| Stocks | 30/36 | €1,247,937 | €1,352,413 | +€104,476 | +8.4% |
| Finished goods | 33 | - | €169,539 | +€169,539 | |
| Goods purchased for resale | 34 | €1,241,905 | €1,165,818 | -€76,087 | -6.1% |
| Advance payments | 36 | €6,032 | €17,056 | +€11,024 | +182.7% |
| Amounts receivable within one year | 40/41 | €1,316,227 | €2,734,225 | +€1.4m | +107.7% |
| Trade receivables | 40 | €1,181,193 | €2,215,683 | +€1.0m | +87.6% |
| Other amounts receivable | 41 | €135,035 | €518,542 | +€383,507 | +284.0% |
| Cash at bank and in hand | 54/58 | €1,234,620 | €1,082,606 | -€152,014 | -12.3% |
| Deferred charges and accrued income | 490/1 | €2,962 | - | -€2,962 | |
| Total equity and liabilities | 10/49 | €4,617,924 | €6,095,568 | +€1.5m | +32.0% |
| Equity | 10/15 | €3,213,651 | €2,247,279 | -€966,372 | -30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,830,015 | €2,830,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,613 | €40,613 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,613 | €40,613 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,780 | €31,780 | = | 0.0% |
| Distributable reserves | 133 | €2,757,622 | €2,757,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365,036 | -€601,336 | -€966,372 | |
| Provisions and deferred taxes | 16 | - | €63,288 | +€63,288 | |
| Provisions for liabilities and charges | 160/5 | - | €63,288 | +€63,288 | |
| Other liabilities and charges | 164/5 | - | €63,288 | +€63,288 | |
| Amounts payable | 17/49 | €1,404,273 | €3,785,001 | +€2.4m | +169.5% |
| Amounts payable within one year | 42/48 | €1,395,652 | €3,698,333 | +€2.3m | +165.0% |
| Trade debts | 44 | €925,635 | €2,135,464 | +€1.2m | +130.7% |
| Suppliers | 440/4 | €925,635 | €2,135,464 | +€1.2m | +130.7% |
| Taxes, remuneration and social security | 45 | €470,017 | €691,610 | +€221,593 | +47.1% |
| Taxes | 450/3 | €156,213 | €156,728 | +€515 | +0.3% |
| Remuneration and social security | 454/9 | €313,805 | €534,882 | +€221,078 | +70.5% |
| Other amounts payable | 47/48 | - | €871,258 | +€871,258 | |
| Accrued charges and deferred income | 492/3 | €8,621 | €86,668 | +€78,048 | +905.4% |
| Operating income | 70/76A | €8,384,024 | €11,974,014 | +€3.6m | +42.8% |
| Turnover | 70 | €7,835,840 | €11,571,418 | +€3.7m | +47.7% |
| Own construction capitalised | 72 | €25,710 | €119,459 | +€93,749 | +364.6% |
| Other operating income | 74 | €269,022 | €282,747 | +€13,726 | +5.1% |
| Non-recurring operating income | 76A | €253,452 | €389 | -€253,063 | -99.8% |
| Operating charges | 60/66A | €7,913,973 | €12,903,293 | +€5.0m | +63.0% |
| Goods for resale, raw materials and consumables | 60 | €4,921,903 | €7,686,838 | +€2.8m | +56.2% |
| Purchases | 600/8 | €4,869,922 | €7,706,751 | +€2.8m | +58.3% |
| Change in stocks: decrease (increase) | 609 | €51,981 | -€19,913 | -€71,894 | |
| Services and other goods | 61 | €1,211,716 | €1,745,947 | +€534,231 | +44.1% |
| Remuneration, social security and pensions | 62 | €1,564,571 | €3,056,335 | +€1.5m | +95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,679 | €232,343 | +€71,665 | +44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,598 | €34,727 | +€31,129 | +865.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €63,288 | +€63,288 | |
| Other operating charges | 640/8 | €51,506 | €71,175 | +€19,669 | +38.2% |
| Non-recurring operating charges | 66A | - | €12,640 | +€12,640 | |
| Operating profit (loss) | 9901 | €470,051 | -€929,279 | -€1.4m | |
| Financial income | 75/76B | €20,898 | €50,845 | +€29,946 | +143.3% |
| Recurring financial income | 75 | €20,898 | €50,845 | +€29,946 | +143.3% |
| Income from current assets | 751 | - | €35,175 | +€35,175 | |
| Other financial income | 752/9 | €20,898 | €15,669 | -€5,229 | -25.0% |
| Financial charges | 65/66B | €29,552 | €88,828 | +€59,276 | +200.6% |
| Recurring financial charges | 65 | €29,552 | €88,828 | +€59,276 | +200.6% |
| Debt charges | 650 | €15,693 | €42,351 | +€26,658 | +169.9% |
| Other financial charges | 652/9 | €13,859 | €46,477 | +€32,618 | +235.4% |
| Profit (loss) for the period before taxes | 9903 | €461,397 | -€967,262 | -€1.4m | |
| Income taxes | 67/77 | €58,461 | -€890 | -€59,352 | |
| Taxes | 670/3 | €58,461 | - | -€58,461 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €890 | +€890 | |
| Profit (loss) for the period | 9904 | €402,936 | -€966,372 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €402,936 | -€966,372 | -€1.4m |
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 7 October 2026 via checked.be.