DEFOUR MANAGEMENT: 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.
DEFOUR MANAGEMENT
Largest movements
- Receivables within one year -€297,909
down €297,909 (-73.6%), from €405,011 to €107,102
of which Trade receivables: -€299,052
- Cash +€147,961
up €147,961 (+1,394%), from €10,614 to €158,575
mainly Receivables within one year (+€297,909) and Trade debts (+€1,727)
- Financial fixed assets +€16,248
up €16,248 (+1.9%), from €873,034 to €889,282
- Tax, wage and social debts -€72,064
down €72,064 (-46.2%), from €156,003 to €83,939
- Debts after one year -€26,732
down €26,732 (-16.9%), from €158,127 to €131,395
- Profit (loss) carried forward -€25,728
down €25,728 (-10.1%), from €254,991 to €229,263
- Gross operating margin -€354,346
down €354,346, from €338,136 to -€16,210
- Taxes -€83,815
down €83,815 (-99.9%), from €83,877 to €62
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,289,428 | €1,155,159 | -€134,269 | -10.4% |
| Fixed assets | 21/28 | €873,803 | €889,482 | +€15,679 | +1.8% |
| Tangible fixed assets | 22/27 | €770 | €200 | -€570 | -74.0% |
| Furniture and vehicles | 24 | €770 | €200 | -€570 | -74.0% |
| Financial fixed assets | 28 | €873,034 | €889,282 | +€16,248 | +1.9% |
| Current assets | 29/58 | €415,625 | €265,677 | -€149,948 | -36.1% |
| Amounts receivable within one year | 40/41 | €405,011 | €107,102 | -€297,909 | -73.6% |
| Trade receivables | 40 | €403,786 | €104,734 | -€299,052 | -74.1% |
| Other amounts receivable | 41 | €1,224 | €2,368 | +€1,143 | +93.4% |
| Cash at bank and in hand | 54/58 | €10,614 | €158,575 | +€147,961 | +1,394% |
| Total equity and liabilities | 10/49 | €1,289,428 | €1,155,159 | -€134,269 | -10.4% |
| Equity | 10/15 | €263,051 | €237,323 | -€25,728 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €254,991 | €229,263 | -€25,728 | -10.1% |
| Amounts payable | 17/49 | €1,026,378 | €917,837 | -€108,541 | -10.6% |
| Amounts payable after more than one year | 17 | €158,127 | €131,395 | -€26,732 | -16.9% |
| Financial debts | 170/4 | €158,127 | €131,395 | -€26,732 | -16.9% |
| Amounts payable within one year | 42/48 | €868,251 | €786,442 | -€81,809 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €25,514 | €26,732 | +€1,218 | +4.8% |
| Trade debts | 44 | €908 | €2,635 | +€1,727 | +190% |
| Suppliers | 440/4 | €908 | €2,635 | +€1,727 | +190% |
| Taxes, remuneration and social security | 45 | €156,003 | €83,939 | -€72,064 | -46.2% |
| Taxes | 450/3 | €156,003 | €83,939 | -€72,064 | -46.2% |
| Other amounts payable | 47/48 | €685,827 | €673,136 | -€12,691 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570 | €570 | = | 0.0% |
| Other operating charges | 640/8 | €271 | €0 | -€271 | -100% |
| Gross operating margin | 9900 | €338,136 | -€16,210 | -€354,346 | |
| Operating profit (loss) | 9901 | €337,295 | -€16,780 | -€354,075 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,709 | €8,886 | +€2,177 | +32.4% |
| Recurring financial charges | 65 | €6,709 | €8,886 | +€2,177 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €330,586 | -€25,666 | -€356,252 | |
| Income taxes | 67/77 | €83,877 | €62 | -€83,815 | -99.9% |
| Profit (loss) for the period | 9904 | €246,709 | -€25,728 | -€272,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €246,709 | -€25,728 | -€272,437 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.