DEFORCHE ENGINEERING: 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 ENGINEERING
Largest movements
- Current investments +€444,476
up €444,476 (+219.3%), from €202,705 to €647,181
- Cash -€414,335
down €414,335 (-23.5%), from €1.8m to €1.3m
mainly Current investments (-€444,476) and Stocks and contracts (-€276,433)
- Receivables within one year -€347,334
down €347,334 (-17.7%), from €2.0m to €1.6m
of which Trade receivables: -€335,254
- Stocks and contracts +€276,433
up €276,433 (+20.4%), from €1.4m to €1.6m
of which Stocks: +€196,903
- Tangible fixed assets -€88,788
down €88,788 (-10.1%), from €876,304 to €787,517
of which Plant, machinery and equipment: -€81,376
- Profit (loss) carried forward +€593,873
up €593,873 (+21.4%), from €2.8m to €3.4m
- Trade debts -€244,119
down €244,119 (-26.7%), from €914,478 to €670,359
- Accrued charges and deferred income -€234,286
down €234,286 (-85.9%), from €272,786 to €38,501
- Debts after one year -€181,467
down €181,467 (-12.8%), from €1.4m to €1.2m
of which Financial debts: -€181,467
- Other debts -€120,000
down €120,000 (-100.0%), from €120,002 to €2
- Gross operating margin +€327,014
up €327,014 (+11.1%), from €3.0m to €3.3m
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 | €6,277,487 | €6,156,884 | -€120,603 | -1.9% |
| Fixed assets | 21/28 | €877,412 | €788,625 | -€88,788 | -10.1% |
| Tangible fixed assets | 22/27 | €876,304 | €787,517 | -€88,788 | -10.1% |
| Land and buildings | 22 | €281,925 | €279,606 | -€2,319 | -0.8% |
| Plant, machinery and equipment | 23 | €579,882 | €498,506 | -€81,376 | -14.0% |
| Furniture and vehicles | 24 | €7,580 | €4,338 | -€3,241 | -42.8% |
| Leasing and similar rights | 25 | €6,917 | €5,066 | -€1,851 | -26.8% |
| Financial fixed assets | 28 | €1,108 | €1,108 | = | 0.0% |
| Current assets | 29/58 | €5,400,075 | €5,368,260 | -€31,815 | -0.6% |
| Stocks and contracts in progress | 3 | €1,352,384 | €1,628,817 | +€276,433 | +20.4% |
| Stocks | 30/36 | €663,576 | €860,479 | +€196,903 | +29.7% |
| Contracts in progress | 37 | €688,808 | €768,338 | +€79,529 | +11.5% |
| Amounts receivable within one year | 40/41 | €1,965,453 | €1,618,119 | -€347,334 | -17.7% |
| Trade receivables | 40 | €1,927,156 | €1,591,902 | -€335,254 | -17.4% |
| Other amounts receivable | 41 | €38,297 | €26,217 | -€12,080 | -31.5% |
| Current investments | 50/53 | €202,705 | €647,181 | +€444,476 | +219.3% |
| Cash at bank and in hand | 54/58 | €1,762,825 | €1,348,490 | -€414,335 | -23.5% |
| Deferred charges and accrued income | 490/1 | €116,709 | €125,654 | +€8,945 | +7.7% |
| Total equity and liabilities | 10/49 | €6,277,487 | €6,156,884 | -€120,603 | -1.9% |
| Equity | 10/15 | €2,904,915 | €3,498,788 | +€593,873 | +20.4% |
| Contributions | 10/11 | €119,250 | €119,250 | = | 0.0% |
| Capital | 10 | €119,250 | €119,250 | = | 0.0% |
| Issued capital | 100 | €119,250 | €119,250 | = | 0.0% |
| Reserves | 13 | €11,925 | €11,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,925 | €11,925 | = | 0.0% |
| Legal reserve | 130 | €11,925 | €11,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,773,740 | €3,367,613 | +€593,873 | +21.4% |
| Amounts payable | 17/49 | €3,372,572 | €2,658,096 | -€714,475 | -21.2% |
| Amounts payable after more than one year | 17 | €1,414,648 | €1,233,181 | -€181,467 | -12.8% |
| Financial debts | 170/4 | €1,214,648 | €1,033,181 | -€181,467 | -14.9% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,685,138 | €1,386,415 | -€298,723 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €208,621 | €181,467 | -€27,154 | -13.0% |
| Financial debts | 43 | €11,144 | €0 | -€11,144 | -100.0% |
| Credit institutions | 430/8 | €11,144 | €0 | -€11,144 | -100.0% |
| Trade debts | 44 | €914,478 | €670,359 | -€244,119 | -26.7% |
| Suppliers | 440/4 | €914,478 | €670,359 | -€244,119 | -26.7% |
| Taxes, remuneration and social security | 45 | €430,894 | €534,587 | +€103,693 | +24.1% |
| Taxes | 450/3 | €142,196 | €252,908 | +€110,712 | +77.9% |
| Remuneration and social security | 454/9 | €288,698 | €281,679 | -€7,019 | -2.4% |
| Other amounts payable | 47/48 | €120,002 | €2 | -€120,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €272,786 | €38,501 | -€234,286 | -85.9% |
| Non-recurring operating income | 76A | - | €22,686 | +€22,686 | |
| Remuneration, social security and pensions | 62 | €2,157,290 | €2,184,268 | +€26,978 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,592 | €224,139 | -€1,453 | -0.6% |
| Other operating charges | 640/8 | €51,803 | €55,259 | +€3,456 | +6.7% |
| Gross operating margin | 9900 | €2,955,349 | €3,282,363 | +€327,014 | +11.1% |
| Operating profit (loss) | 9901 | €520,664 | €818,697 | +€298,033 | +57.2% |
| Financial income | 75/76B | €27,494 | €8,095 | -€19,399 | -70.6% |
| Recurring financial income | 75 | €27,494 | €8,095 | -€19,399 | -70.6% |
| Financial charges | 65/66B | €58,907 | €51,707 | -€7,199 | -12.2% |
| Recurring financial charges | 65 | €58,907 | €51,707 | -€7,199 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €489,252 | €775,084 | +€285,833 | +58.4% |
| Income taxes | 67/77 | €158,223 | €181,212 | +€22,989 | +14.5% |
| Profit (loss) for the period | 9904 | €331,029 | €593,873 | +€262,844 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €331,029 | €593,873 | +€262,844 | +79.4% |
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 4 October 2026 via checked.be.