DEFOUR: 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.
DEFOUR
Largest movements
- Receivables within one year -€22,269
no longer reported in 2025 (was €22,269)
of which Trade receivables: -€17,000
- Cash +€4,414
up €4,414 (+6216.9%), from €71 to €4,485
mainly Receivables within one year (+€22,269) and Stocks and contracts (+€2,000)
- Stocks and contracts -€2,000
no longer reported in 2025 (was €2,000)
- Other debts -€15,300
down €15,300 (-12.1%), from €126,937 to €111,637
- Trade debts -€3,000
no longer reported in 2025 (was €3,000)
- Profit (loss) carried forward -€1,555
down €1,555 (-1.2%), from -€134,675 to -€136,230
- Gross operating margin +€849
up €849 (+46.6%), from -€1,822 to -€973
- Financial charges -€44
down €44 (-38.9%), from €113 to €69
- Other operating charges +€29
up €29 (+6.0%), from €484 to €513
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 | €24,340 | €4,485 | -€19,855 | -81.6% |
| Current assets | 29/58 | €24,340 | €4,485 | -€19,855 | -81.6% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Stocks | 30/36 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €22,269 | - | -€22,269 | |
| Trade receivables | 40 | €17,000 | - | -€17,000 | |
| Other amounts receivable | 41 | €5,269 | - | -€5,269 | |
| Cash at bank and in hand | 54/58 | €71 | €4,485 | +€4,414 | +6216.9% |
| Total equity and liabilities | 10/49 | €24,340 | €4,485 | -€19,855 | -81.6% |
| Equity | 10/15 | -€105,597 | -€107,152 | -€1,555 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,478 | €10,478 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,618 | €8,618 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,675 | -€136,230 | -€1,555 | -1.2% |
| Amounts payable | 17/49 | €129,937 | €111,637 | -€18,300 | -14.1% |
| Amounts payable within one year | 42/48 | €129,937 | €111,637 | -€18,300 | -14.1% |
| Trade debts | 44 | €3,000 | - | -€3,000 | |
| Suppliers | 440/4 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €126,937 | €111,637 | -€15,300 | -12.1% |
| Other operating charges | 640/8 | €484 | €513 | +€29 | +6.0% |
| Gross operating margin | 9900 | -€1,822 | -€973 | +€849 | +46.6% |
| Operating profit (loss) | 9901 | -€2,306 | -€1,486 | +€820 | +35.6% |
| Financial charges | 65/66B | €113 | €69 | -€44 | -38.9% |
| Recurring financial charges | 65 | €113 | €69 | -€44 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,419 | -€1,555 | +€864 | +35.7% |
| Profit (loss) for the period | 9904 | -€2,419 | -€1,555 | +€864 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,419 | -€1,555 | +€864 | +35.7% |
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 5 October 2026 via checked.be.