DEFOURNY & TRIFFOY: 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.
DEFOURNY & TRIFFOY
Largest movements
- Cash -€50,301
down €50,301 (-52.4%), from €96,016 to €45,715
mainly Other debts (-€61,785) and Contributions, distributions and other (-€54,500)
- Tangible fixed assets -€15,924
down €15,924 (-26.3%), from €60,467 to €44,543
of which Plant, machinery and equipment: -€13,647
- Receivables within one year +€9,683
up €9,683 (+59.2%), from €16,359 to €26,042
of which Trade receivables: +€9,892
- Other debts -€61,785
down €61,785 (-53.0%), from €116,558 to €54,773
- Profit (loss) carried forward +€12,660
up €12,660 (+6,057%), from €209 to €12,869
- Debts after one year -€11,468
down €11,468 (-44.5%), from €25,747 to €14,279
- Trade debts +€2,911
up €2,911 (+194%), from €1,500 to €4,411
of which Bills of exchange payable: +€3,050
- Gross operating margin -€23,232
down €23,232 (-17.4%), from €133,197 to €109,965
- Taxes -€5,936
down €5,936 (-19.6%), from €30,284 to €24,348
- Depreciation +€3,251
up €3,251 (+25.6%), from €12,674 to €15,925
- Financial charges -€2,868
down €2,868 (-64.2%), from €4,468 to €1,600
of which Non-recurring financial charges: -€2,450
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 | €176,611 | €120,405 | -€56,206 | -31.8% |
| Fixed assets | 21/28 | €60,467 | €44,657 | -€15,810 | -26.1% |
| Tangible fixed assets | 22/27 | €60,467 | €44,543 | -€15,924 | -26.3% |
| Plant, machinery and equipment | 23 | €42,514 | €28,867 | -€13,647 | -32.1% |
| Furniture and vehicles | 24 | €1,914 | €991 | -€923 | -48.2% |
| Other tangible fixed assets | 26 | €16,039 | €14,685 | -€1,354 | -8.4% |
| Financial fixed assets | 28 | - | €115 | +€115 | |
| Current assets | 29/58 | €116,144 | €75,748 | -€40,396 | -34.8% |
| Amounts receivable within one year | 40/41 | €16,359 | €26,042 | +€9,683 | +59.2% |
| Trade receivables | 40 | €15,998 | €25,890 | +€9,892 | +61.8% |
| Other amounts receivable | 41 | €361 | €152 | -€209 | -57.8% |
| Cash at bank and in hand | 54/58 | €96,016 | €45,715 | -€50,301 | -52.4% |
| Deferred charges and accrued income | 490/1 | €3,769 | €3,991 | +€222 | +5.9% |
| Total equity and liabilities | 10/49 | €176,611 | €120,405 | -€56,206 | -31.8% |
| Equity | 10/15 | €18,809 | €31,469 | +€12,660 | +67.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209 | €12,869 | +€12,660 | +6,057% |
| Amounts payable | 17/49 | €157,802 | €88,936 | -€68,866 | -43.6% |
| Amounts payable after more than one year | 17 | €25,747 | €14,279 | -€11,468 | -44.5% |
| Financial debts | 170/4 | €25,747 | €14,279 | -€11,468 | -44.5% |
| Amounts payable within one year | 42/48 | €132,055 | €74,657 | -€57,398 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €11,713 | €11,468 | -€245 | -2.1% |
| Trade debts | 44 | €1,500 | €4,411 | +€2,911 | +194% |
| Suppliers | 440/4 | €1,500 | €1,361 | -€139 | -9.3% |
| Bills of exchange payable | 441 | - | €3,050 | +€3,050 | |
| Taxes, remuneration and social security | 45 | €2,284 | €4,005 | +€1,721 | +75.4% |
| Taxes | 450/3 | €2,284 | €4,005 | +€1,721 | +75.4% |
| Other amounts payable | 47/48 | €116,558 | €54,773 | -€61,785 | -53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,674 | €15,925 | +€3,251 | +25.6% |
| Other operating charges | 640/8 | €1,130 | €1,072 | -€58 | -5.2% |
| Gross operating margin | 9900 | €133,197 | €109,965 | -€23,232 | -17.4% |
| Operating profit (loss) | 9901 | €119,393 | €92,968 | -€26,425 | -22.1% |
| Financial income | 75/76B | €11 | €140 | +€129 | +1,170% |
| Recurring financial income | 75 | €11 | €140 | +€129 | +1,170% |
| Financial charges | 65/66B | €4,468 | €1,600 | -€2,868 | -64.2% |
| Recurring financial charges | 65 | €2,018 | €1,600 | -€418 | -20.7% |
| Non-recurring financial charges | 66B | €2,450 | - | -€2,450 | |
| Profit (loss) for the period before taxes | 9903 | €114,936 | €91,508 | -€23,428 | -20.4% |
| Income taxes | 67/77 | €30,284 | €24,348 | -€5,936 | -19.6% |
| Profit (loss) for the period | 9904 | €84,652 | €67,160 | -€17,492 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €84,652 | €67,160 | -€17,492 | -20.7% |
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 26 October 2026 via checked.be.