DEFORCHE: 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.
What changed
DEFORCHE
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€254,823
2024 · €161,175+€93,649
Equity
€2.1m
2024 · €1.9m+€254,823
Cash
€1.7m
2024 · €2.0m-€334,201
Balance sheet total
€6.7m
2024 · €6.8m-€67,488
Largest movements
Assets
- Cash -€334,201
down €334,201 (-16.6%), from €2.0m to €1.7m
mainly Trade debts (-€518,991) and Investment in fixed assets (net) (-€418,509)
- Intangible fixed assets +€114,144
new in 2025: €114,144
- Tangible fixed assets +€102,324
up €102,324 (+10.9%), from €935,272 to €1.0m
of which Leasing and similar rights: +€273,702
Equity and liabilities
- Trade debts -€518,991
down €518,991 (-13.2%), from €3.9m to €3.4m
- Reserves +€254,823
up €254,823 (+14.1%), from €1.8m to €2.1m
of which Distributable reserves: +€254,823
- Debts after one year +€244,365
up €244,365 (+142%), from €171,660 to €416,025
of which Financial debts: +€244,365
- Short-term financial debts -€93,658
down €93,658 (-100%), from €93,658 to €0
Income statement
- Goods and materials -€2.4m
down €2.4m (-3.7%), from €65.7m to €63.3m
of which Purchases: -€2.3m
- Turnover -€2.2m
down €2.2m (-3.2%), from €67.4m to €65.2m
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.
Result 2024
€161,175
Turnover
-€2.2m
Other operating income
-€32,560
Goods and materials
+€2.4m
Services and other goods
-€103,957
Staff costs
-€18,369
Depreciation
+€4,833
Write-downs
+€3,735
Other operating charges
+€13,688
Other operating items
+€3,300
Financial income
+€2,139
Financial charges
-€4,660
Taxes
-€39,378
Result 2025
€254,823
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€96,573
Investment
-€418,509
Financing
+€180,881
Cash 2024
€2.0m
From operations (derived)
-€96,573
Net result for the year
+€254,823
Depreciation
+€202,042
Stocks and contracts
-€15,410
Receivables within one year
-€33,890
Smaller working-capital items
-€1,813
Trade debts
-€518,991
Tax, wage and social debts
+€16,667
Investment (derived)
-€418,509
Investment in fixed assets (net)
-€418,509
Financing
+€180,881
Debts after one year
+€244,365
Current portion of long-term debt
+€30,174
Short-term financial debts
-€93,658
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,786,418 | €6,718,930 | -€67,488 | -1.0% |
| Fixed assets | 21/28 | €935,542 | €1,152,010 | +€216,468 | +23.1% |
| Intangible fixed assets | 21 | - | €114,144 | +€114,144 | |
| Tangible fixed assets | 22/27 | €935,272 | €1,037,596 | +€102,324 | +10.9% |
| Land and buildings | 22 | €360,255 | €320,808 | -€39,447 | -10.9% |
| Plant, machinery and equipment | 23 | €18,299 | €15,732 | -€2,566 | -14.0% |
| Furniture and vehicles | 24 | €556,719 | €427,354 | -€129,365 | -23.2% |
| Leasing and similar rights | 25 | €0 | €273,702 | +€273,702 | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Other financial fixed assets | 284/8 | €270 | €270 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €5,850,876 | €5,566,920 | -€283,956 | -4.9% |
| Stocks and contracts in progress | 3 | €155,846 | €171,256 | +€15,410 | +9.9% |
| Stocks | 30/36 | €155,846 | €171,256 | +€15,410 | +9.9% |
| Goods purchased for resale | 34 | €155,846 | €171,256 | +€15,410 | +9.9% |
| Amounts receivable within one year | 40/41 | €3,648,708 | €3,682,598 | +€33,890 | +0.9% |
| Trade receivables | 40 | €3,530,264 | €3,640,433 | +€110,169 | +3.1% |
| Other amounts receivable | 41 | €118,444 | €42,165 | -€76,279 | -64.4% |
| Cash at bank and in hand | 54/58 | €2,014,883 | €1,680,683 | -€334,201 | -16.6% |
| Deferred charges and accrued income | 490/1 | €31,438 | €32,383 | +€945 | +3.0% |
| Total equity and liabilities | 10/49 | €6,786,418 | €6,718,930 | -€67,488 | -1.0% |
| Equity | 10/15 | €1,862,968 | €2,117,791 | +€254,823 | +13.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,800,994 | €2,055,817 | +€254,823 | +14.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,000 | €84,000 | = | 0.0% |
| Distributable reserves | 133 | €1,710,797 | €1,965,620 | +€254,823 | +14.9% |
| Amounts payable | 17/49 | €4,923,451 | €4,601,139 | -€322,311 | -6.5% |
| Amounts payable after more than one year | 17 | €171,660 | €416,025 | +€244,365 | +142% |
| Financial debts | 170/4 | €171,660 | €416,025 | +€244,365 | +142% |
| Leasing and similar obligations | 172 | - | €231,670 | +€231,670 | |
| Credit institutions | 173 | €171,660 | €184,355 | +€12,695 | +7.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,750,922 | €4,185,114 | -€565,808 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €151,841 | €182,016 | +€30,174 | +19.9% |
| Financial debts | 43 | €93,658 | €0 | -€93,658 | -100% |
| Credit institutions | 430/8 | €93,658 | €0 | -€93,658 | -100% |
| Trade debts | 44 | €3,932,868 | €3,413,878 | -€518,991 | -13.2% |
| Suppliers | 440/4 | €3,932,868 | €3,413,878 | -€518,991 | -13.2% |
| Taxes, remuneration and social security | 45 | €72,055 | €88,721 | +€16,667 | +23.1% |
| Taxes | 450/3 | €45,060 | €59,261 | +€14,201 | +31.5% |
| Remuneration and social security | 454/9 | €26,995 | €29,460 | +€2,465 | +9.1% |
| Other amounts payable | 47/48 | €500,500 | €500,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €868 | €0 | -€868 | -100% |
| Operating income | 70/76A | €67,532,585 | €65,332,813 | -€2.2m | -3.3% |
| Turnover | 70 | €67,386,557 | €65,219,810 | -€2.2m | -3.2% |
| Other operating income | 74 | €145,428 | €112,867 | -€32,560 | -22.4% |
| Non-recurring operating income | 76A | €600 | €135 | -€465 | -77.5% |
| Operating charges | 60/66A | €67,287,095 | €64,951,774 | -€2.3m | -3.5% |
| Goods for resale, raw materials and consumables | 60 | €65,714,888 | €63,283,263 | -€2.4m | -3.7% |
| Purchases | 600/8 | €65,632,005 | €63,298,674 | -€2.3m | -3.6% |
| Change in stocks: decrease (increase) | 609 | €82,883 | -€15,410 | -€98,294 | |
| Services and other goods | 61 | €1,127,423 | €1,231,380 | +€103,957 | +9.2% |
| Remuneration, social security and pensions | 62 | €201,406 | €219,775 | +€18,369 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,875 | €202,042 | -€4,833 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,735 | €0 | -€3,735 | -100% |
| Other operating charges | 640/8 | €29,003 | €15,314 | -€13,688 | -47.2% |
| Non-recurring operating charges | 66A | €3,765 | €0 | -€3,765 | -100% |
| Operating profit (loss) | 9901 | €245,490 | €381,038 | +€135,548 | +55.2% |
| Financial income | 75/76B | €398 | €2,537 | +€2,139 | +537% |
| Recurring financial income | 75 | €398 | €2,537 | +€2,139 | +537% |
| Income from current assets | 751 | - | €1,715 | +€1,715 | |
| Other financial income | 752/9 | €398 | €823 | +€424 | +106% |
| Financial charges | 65/66B | €34,747 | €39,407 | +€4,660 | +13.4% |
| Recurring financial charges | 65 | €34,747 | €39,407 | +€4,660 | +13.4% |
| Debt charges | 650 | €19,905 | €26,211 | +€6,306 | +31.7% |
| Other financial charges | 652/9 | €14,842 | €13,196 | -€1,646 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €211,142 | €344,168 | +€133,027 | +63.0% |
| Income taxes | 67/77 | €49,967 | €89,345 | +€39,378 | +78.8% |
| Taxes | 670/3 | €50,000 | €90,600 | +€40,600 | +81.2% |
| Tax adjustments and reversals of tax provisions | 77 | €33 | €1,255 | +€1,222 | +3,733% |
| Profit (loss) for the period | 9904 | €161,175 | €254,823 | +€93,649 | +58.1% |
| Transfer to tax-exempt reserves | 689 | €27,000 | €0 | -€27,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €134,175 | €254,823 | +€120,649 | +89.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.