DEFORCHE: 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.
DEFORCHE
Largest movements
- Tangible fixed assets -€51,578
down €51,578 (-6.5%), from €788,829 to €737,251
- Receivables within one year -€38,935
down €38,935 (-15.7%), from €248,196 to €209,261
of which Other amounts receivable: -€69,443
- Debts after one year -€99,114
down €99,114 (-11.1%), from €891,303 to €792,189
- Current portion of long-term debt +€13,649
up €13,649 (+12.5%), from €108,799 to €122,448
- Gross operating margin +€28,038
up €28,038 (+39.5%), from €70,998 to €99,036
- Depreciation +€16,381
up €16,381 (+32.5%), from €50,445 to €66,826
- Financial charges +€12,520
up €12,520 (+80.7%), from €15,509 to €28,029
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 | €1,198,577 | €1,115,342 | -€83,235 | -6.9% |
| Fixed assets | 21/28 | €789,353 | €737,775 | -€51,578 | -6.5% |
| Tangible fixed assets | 22/27 | €788,829 | €737,251 | -€51,578 | -6.5% |
| Land and buildings | 22 | €788,829 | €737,251 | -€51,578 | -6.5% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €409,224 | €377,567 | -€31,656 | -7.7% |
| Amounts receivable after more than one year | 29 | €137,897 | €148,787 | +€10,890 | +7.9% |
| Other amounts receivable | 291 | €137,897 | €148,787 | +€10,890 | +7.9% |
| Amounts receivable within one year | 40/41 | €248,196 | €209,261 | -€38,935 | -15.7% |
| Trade receivables | 40 | €15,000 | €45,508 | +€30,508 | +203.4% |
| Other amounts receivable | 41 | €233,196 | €163,753 | -€69,443 | -29.8% |
| Cash at bank and in hand | 54/58 | €18,133 | €14,901 | -€3,231 | -17.8% |
| Deferred charges and accrued income | 490/1 | €4,999 | €4,619 | -€380 | -7.6% |
| Total equity and liabilities | 10/49 | €1,198,577 | €1,115,342 | -€83,235 | -6.9% |
| Equity | 10/15 | €193,172 | €194,713 | +€1,541 | +0.8% |
| Contributions | 10/11 | €90,977 | €90,977 | = | 0.0% |
| Reserves | 13 | €102,195 | €103,736 | +€1,541 | +1.5% |
| Non-distributable reserves | 130/1 | €9,098 | €9,098 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,098 | €9,098 | = | 0.0% |
| Tax-exempt reserves | 132 | €55,663 | €55,663 | = | 0.0% |
| Distributable reserves | 133 | €37,434 | €38,975 | +€1,541 | +4.1% |
| Amounts payable | 17/49 | €1,005,405 | €920,630 | -€84,776 | -8.4% |
| Amounts payable after more than one year | 17 | €891,303 | €792,189 | -€99,114 | -11.1% |
| Financial debts | 170/4 | €891,303 | €792,189 | -€99,114 | -11.1% |
| Amounts payable within one year | 42/48 | €114,103 | €128,441 | +€14,338 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €108,799 | €122,448 | +€13,649 | +12.5% |
| Trade debts | 44 | €5,304 | €5,993 | +€689 | +13.0% |
| Suppliers | 440/4 | €5,304 | €5,993 | +€689 | +13.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,445 | €66,826 | +€16,381 | +32.5% |
| Other operating charges | 640/8 | €6,956 | €6,940 | -€17 | -0.2% |
| Gross operating margin | 9900 | €70,998 | €99,036 | +€28,038 | +39.5% |
| Operating profit (loss) | 9901 | €13,596 | €25,270 | +€11,673 | +85.9% |
| Financial income | 75/76B | €4,029 | €4,300 | +€272 | +6.7% |
| Recurring financial income | 75 | €4,029 | €4,300 | +€272 | +6.7% |
| Financial charges | 65/66B | €15,509 | €28,029 | +€12,520 | +80.7% |
| Recurring financial charges | 65 | €15,509 | €28,029 | +€12,520 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €2,116 | €1,541 | -€575 | -27.2% |
| Profit (loss) for the period | 9904 | €2,116 | €1,541 | -€575 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,116 | €1,541 | -€575 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.