Deforche-Verbeke: 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-Verbeke
Largest movements
- Cash +€223,123
up €223,123 (+96.7%), from €230,818 to €453,940
mainly Other debts (+€459,087) and Net result for the year (+€230,025)
- Intangible fixed assets -€30,000
down €30,000 (-33.6%), from €89,178 to €59,178
- Deferred charges and accrued income -€25,642
down €25,642 (-56.9%), from €45,101 to €19,459
- Other debts +€459,087
up €459,087, from €0 to €459,087
- Reserves -€221,767
down €221,767 (-54.9%), from €403,705 to €181,938
- Debts after one year -€76,000
down €76,000 (-100%), from €76,000 to €0
- Gross operating margin +€8,449
up €8,449 (+2.3%), from €366,918 to €375,367
- Financial charges -€6,783
down €6,783 (-60.5%), from €11,203 to €4,419
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 | €524,988 | €684,223 | +€159,235 | +30.3% |
| Fixed assets | 21/28 | €245,973 | €210,824 | -€35,149 | -14.3% |
| Intangible fixed assets | 21 | €89,178 | €59,178 | -€30,000 | -33.6% |
| Tangible fixed assets | 22/27 | €156,795 | €151,646 | -€5,149 | -3.3% |
| Land and buildings | 22 | €152,518 | €143,755 | -€8,763 | -5.7% |
| Plant, machinery and equipment | 23 | €3,835 | €851 | -€2,984 | -77.8% |
| Furniture and vehicles | 24 | €442 | €7,040 | +€6,598 | +1,494% |
| Current assets | 29/58 | €279,015 | €473,400 | +€194,385 | +69.7% |
| Amounts receivable within one year | 40/41 | €3,096 | €0 | -€3,096 | -100% |
| Other amounts receivable | 41 | €3,096 | €0 | -€3,096 | -100% |
| Cash at bank and in hand | 54/58 | €230,818 | €453,940 | +€223,123 | +96.7% |
| Deferred charges and accrued income | 490/1 | €45,101 | €19,459 | -€25,642 | -56.9% |
| Total equity and liabilities | 10/49 | €524,988 | €684,223 | +€159,235 | +30.3% |
| Equity | 10/15 | €413,705 | €193,729 | -€219,975 | -53.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €403,705 | €181,938 | -€221,767 | -54.9% |
| Distributable reserves | 133 | €403,705 | €181,938 | -€221,767 | -54.9% |
| Profit (loss) carried forward | 14 | - | €1,791 | +€1,791 | |
| Amounts payable | 17/49 | €111,283 | €490,494 | +€379,211 | +341% |
| Amounts payable after more than one year | 17 | €76,000 | €0 | -€76,000 | -100% |
| Financial debts | 170/4 | €76,000 | €0 | -€76,000 | -100% |
| Amounts payable within one year | 42/48 | €21,370 | €476,856 | +€455,485 | +2,131% |
| Trade debts | 44 | €1,632 | €4,104 | +€2,471 | +151% |
| Suppliers | 440/4 | €1,632 | €4,104 | +€2,471 | +151% |
| Taxes, remuneration and social security | 45 | €19,738 | €13,665 | -€6,073 | -30.8% |
| Taxes | 450/3 | €15,959 | €8,776 | -€7,183 | -45.0% |
| Remuneration and social security | 454/9 | €3,780 | €4,889 | +€1,110 | +29.4% |
| Other amounts payable | 47/48 | €0 | €459,087 | +€459,087 | |
| Accrued charges and deferred income | 492/3 | €13,913 | €13,638 | -€275 | -2.0% |
| Remuneration, social security and pensions | 62 | €21,808 | €24,869 | +€3,062 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,119 | €42,212 | +€1,092 | +2.7% |
| Other operating charges | 640/8 | €563 | €603 | +€39 | +7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €366,918 | €375,367 | +€8,449 | +2.3% |
| Operating profit (loss) | 9901 | €303,428 | €307,683 | +€4,255 | +1.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €11,203 | €4,419 | -€6,783 | -60.5% |
| Recurring financial charges | 65 | €11,203 | €4,419 | -€6,783 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €292,225 | €303,264 | +€11,038 | +3.8% |
| Income taxes | 67/77 | €70,459 | €73,239 | +€2,780 | +3.9% |
| Profit (loss) for the period | 9904 | €221,767 | €230,025 | +€8,258 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €221,767 | €230,025 | +€8,258 | +3.7% |
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 22 October 2026 via checked.be.