DEFORCHE EXPORT: 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.
DEFORCHE EXPORT
Largest movements
- Receivables within one year -€97,017
down €97,017 (-17.2%), from €564,990 to €467,973
of which Other amounts receivable: -€193,610
- Cash -€33,314
down €33,314 (-58.8%), from €56,669 to €23,355
mainly Debts after one year (-€79,843) and Other debts (-€67,499)
- Tangible fixed assets +€20,607
up €20,607 (+38.4%), from €53,692 to €74,299
of which Furniture and vehicles: +€34,453
- Debts after one year -€79,843
down €79,843 (-53.2%), from €150,000 to €70,157
- Other debts -€67,499
down €67,499 (-34.0%), from €198,345 to €130,846
- Reserves +€30,561
up €30,561 (+251%), from €12,187 to €42,748
of which Distributable reserves: +€30,561
- Tax, wage and social debts -€16,044
down €16,044 (-23.3%), from €68,877 to €52,833
of which Remuneration and social security: -€14,125
- Profit (loss) carried forward +€9,209
up €9,209, from -€9,209 to €0
- Staff costs +€54,591
up €54,591 (+12.1%), from €449,575 to €504,166
- Financial charges -€18,638
down €18,638 (-67.0%), from €27,818 to €9,180
- Depreciation +€6,328
up €6,328 (+39.8%), from €15,913 to €22,241
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,654 | €578,888 | -€107,765 | -15.7% |
| Fixed assets | 21/28 | €53,692 | €74,299 | +€20,607 | +38.4% |
| Tangible fixed assets | 22/27 | €53,692 | €74,299 | +€20,607 | +38.4% |
| Land and buildings | 22 | €13,334 | €7,206 | -€6,128 | -46.0% |
| Plant, machinery and equipment | 23 | €32,533 | €24,815 | -€7,718 | -23.7% |
| Furniture and vehicles | 24 | €7,825 | €42,278 | +€34,453 | +440% |
| Current assets | 29/58 | €632,962 | €504,590 | -€128,372 | -20.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €564,990 | €467,973 | -€97,017 | -17.2% |
| Trade receivables | 40 | €49,889 | €146,481 | +€96,592 | +194% |
| Other amounts receivable | 41 | €515,101 | €321,492 | -€193,610 | -37.6% |
| Cash at bank and in hand | 54/58 | €56,669 | €23,355 | -€33,314 | -58.8% |
| Deferred charges and accrued income | 490/1 | €11,302 | €13,262 | +€1,960 | +17.3% |
| Total equity and liabilities | 10/49 | €686,654 | €578,888 | -€107,765 | -15.7% |
| Equity | 10/15 | €22,809 | €62,580 | +€39,770 | +174% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €12,187 | €42,748 | +€30,561 | +251% |
| Tax-exempt reserves | 132 | €12,187 | €12,187 | = | 0.0% |
| Distributable reserves | 133 | €0 | €30,561 | +€30,561 | |
| Profit (loss) carried forward | 14 | -€9,209 | €0 | +€9,209 | |
| Amounts payable | 17/49 | €663,844 | €516,309 | -€147,535 | -22.2% |
| Amounts payable after more than one year | 17 | €150,000 | €70,157 | -€79,843 | -53.2% |
| Financial debts | 170/4 | €150,000 | €70,157 | -€79,843 | -53.2% |
| Amounts payable within one year | 42/48 | €503,708 | €436,016 | -€67,692 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €108,470 | +€8,470 | +8.5% |
| Financial debts | 43 | €1,608 | €1,728 | +€120 | +7.5% |
| Credit institutions | 430/8 | €1,608 | €1,728 | +€120 | +7.5% |
| Trade debts | 44 | €134,878 | €142,139 | +€7,261 | +5.4% |
| Suppliers | 440/4 | €134,878 | €142,139 | +€7,261 | +5.4% |
| Taxes, remuneration and social security | 45 | €68,877 | €52,833 | -€16,044 | -23.3% |
| Taxes | 450/3 | €9,205 | €7,286 | -€1,919 | -20.8% |
| Remuneration and social security | 454/9 | €59,673 | €45,548 | -€14,125 | -23.7% |
| Other amounts payable | 47/48 | €198,345 | €130,846 | -€67,499 | -34.0% |
| Accrued charges and deferred income | 492/3 | €10,136 | €10,136 | = | 0.0% |
| Non-recurring operating income | 76A | €7,000 | €0 | -€7,000 | -100% |
| Remuneration, social security and pensions | 62 | €449,575 | €504,166 | +€54,591 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,913 | €22,241 | +€6,328 | +39.8% |
| Other operating charges | 640/8 | €4,875 | €2,180 | -€2,695 | -55.3% |
| Non-recurring operating charges | 66A | €358,377 | €0 | -€358,377 | -100% |
| Gross operating margin | 9900 | €575,102 | €576,414 | +€1,312 | +0.2% |
| Operating profit (loss) | 9901 | -€253,638 | €47,827 | +€301,465 | |
| Financial income | 75/76B | €438 | €1,123 | +€685 | +157% |
| Recurring financial income | 75 | €438 | €1,123 | +€685 | +157% |
| Financial charges | 65/66B | €27,818 | €9,180 | -€18,638 | -67.0% |
| Recurring financial charges | 65 | €27,818 | €9,180 | -€18,638 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€281,019 | €39,770 | +€320,789 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€281,019 | €39,770 | +€320,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€281,019 | €39,770 | +€320,789 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.