KEVIN DEFOUR: what changed
What changed
KEVIN DEFOUR
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€56,125
2024 · €55,529+€596
Equity
€154,013
2024 · €97,888+€56,125
Cash
€88,360
2024 · €53,463+€34,897
Balance sheet total
€203,050
2024 · €171,561+€31,489
Largest movements
Assets
- Cash +€34,897
up €34,897 (+65.3%), from €53,463 to €88,360
mainly Net result for the year (+€56,125) and Depreciation (+€16,573)
- Tangible fixed assets -€16,573
down €16,573 (-31.4%), from €52,818 to €36,245
of which Furniture and vehicles: -€15,980
- Receivables within one year +€9,432
up €9,432 (+34.9%), from €27,059 to €36,490
of which Other amounts receivable: +€8,281
- Current investments +€3,000
up €3,000 (+48.0%), from €6,250 to €9,250
Equity and liabilities
- Reserves +€56,125
up €56,125 (+67.7%), from €82,888 to €139,013
- Debts after one year -€16,771
down €16,771 (-43.7%), from €38,360 to €21,589
- Trade debts -€3,501
down €3,501 (-74.5%), from €4,700 to €1,199
- Other debts -€3,436
down €3,436 (-100%), from €3,436 to €0
Income statement
- Financial income +€1,146
up €1,146 (+103%), from €1,112 to €2,258
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€55,529
Gross operating margin
-€771
Depreciation
+€574
Other operating charges
-€243
Financial income
+€1,146
Financial charges
+€385
Taxes
-€494
Result 2025
€56,125
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,234
Investment
-€3,000
Financing
-€16,338
Cash 2024
€53,463
From operations (derived)
+€54,234
Net result for the year
+€56,125
Depreciation
+€16,573
Receivables within one year
-€9,432
Deferred charges and accrued income
-€734
Trade debts
-€3,501
Tax, wage and social debts
-€1,362
Other debts
-€3,436
Investment (derived)
-€3,000
Current investments
-€3,000
Financing
-€16,338
Debts after one year
-€16,771
Current portion of long-term debt
+€433
Cash 2025
€88,360
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,561 | €203,050 | +€31,489 | +18.4% |
| Fixed assets | 21/28 | €52,818 | €36,245 | -€16,573 | -31.4% |
| Tangible fixed assets | 22/27 | €52,818 | €36,245 | -€16,573 | -31.4% |
| Plant, machinery and equipment | 23 | €2,464 | €1,871 | -€593 | -24.0% |
| Furniture and vehicles | 24 | €50,354 | €34,373 | -€15,980 | -31.7% |
| Current assets | 29/58 | €118,743 | €166,805 | +€48,062 | +40.5% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,059 | €36,490 | +€9,432 | +34.9% |
| Trade receivables | 40 | €1,107 | €2,257 | +€1,151 | +104% |
| Other amounts receivable | 41 | €25,952 | €34,233 | +€8,281 | +31.9% |
| Current investments | 50/53 | €6,250 | €9,250 | +€3,000 | +48.0% |
| Cash at bank and in hand | 54/58 | €53,463 | €88,360 | +€34,897 | +65.3% |
| Deferred charges and accrued income | 490/1 | €971 | €1,704 | +€734 | +75.6% |
| Total equity and liabilities | 10/49 | €171,561 | €203,050 | +€31,489 | +18.4% |
| Equity | 10/15 | €97,888 | €154,013 | +€56,125 | +57.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €82,888 | €139,013 | +€56,125 | +67.7% |
| Distributable reserves | 133 | €82,888 | €139,013 | +€56,125 | +67.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,673 | €49,037 | -€24,636 | -33.4% |
| Amounts payable after more than one year | 17 | €38,360 | €21,589 | -€16,771 | -43.7% |
| Financial debts | 170/4 | €38,360 | €21,589 | -€16,771 | -43.7% |
| Amounts payable within one year | 42/48 | €35,313 | €27,447 | -€7,866 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €16,338 | €16,771 | +€433 | +2.7% |
| Trade debts | 44 | €4,700 | €1,199 | -€3,501 | -74.5% |
| Suppliers | 440/4 | €4,700 | €1,199 | -€3,501 | -74.5% |
| Taxes, remuneration and social security | 45 | €10,839 | €9,478 | -€1,362 | -12.6% |
| Taxes | 450/3 | €10,839 | €9,478 | -€1,362 | -12.6% |
| Other amounts payable | 47/48 | €3,436 | €0 | -€3,436 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,146 | €16,573 | -€574 | -3.3% |
| Other operating charges | 640/8 | €994 | €1,237 | +€243 | +24.5% |
| Gross operating margin | 9900 | €89,915 | €89,143 | -€771 | -0.9% |
| Operating profit (loss) | 9901 | €71,774 | €71,333 | -€441 | -0.6% |
| Financial income | 75/76B | €1,112 | €2,258 | +€1,146 | +103% |
| Recurring financial income | 75 | €1,112 | €2,258 | +€1,146 | +103% |
| Financial charges | 65/66B | €1,751 | €1,366 | -€385 | -22.0% |
| Recurring financial charges | 65 | €1,751 | €1,366 | -€385 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €71,135 | €72,224 | +€1,090 | +1.5% |
| Income taxes | 67/77 | €15,605 | €16,099 | +€494 | +3.2% |
| Profit (loss) for the period | 9904 | €55,529 | €56,125 | +€596 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,529 | €56,125 | +€596 | +1.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.