MATS DEFOORT: 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.
MATS DEFOORT
Largest movements
- Receivables within one year -€32,443
down €32,443 (-69.6%), from €46,632 to €14,188
of which Trade receivables: -€19,797
- Tangible fixed assets -€12,129
down €12,129 (-42.1%), from €28,835 to €16,706
of which Furniture and vehicles: -€8,380
- Cash -€5,731
down €5,731 (-54.5%), from €10,521 to €4,790
mainly Trade debts (-€46,345) and Tax, wage and social debts (-€3,202)
- Trade debts -€46,345
down €46,345 (-83.1%), from €55,781 to €9,436
- Tax, wage and social debts -€3,202
down €3,202 (-21.5%), from €14,874 to €11,672
of which Taxes: -€4,224
- Staff costs +€9,896
new in 2025: €9,896
- Gross operating margin -€3,688
down €3,688 (-11.3%), from €32,619 to €28,931
- Taxes -€2,000
down €2,000 (-51.5%), from €3,884 to €1,884
- Financial charges +€1,294
up €1,294 (+39.3%), from €3,295 to €4,589
- Other operating charges +€785
up €785 (+227%), from €346 to €1,131
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 | €86,787 | €36,492 | -€50,295 | -58.0% |
| Fixed assets | 21/28 | €28,835 | €16,706 | -€12,129 | -42.1% |
| Tangible fixed assets | 22/27 | €28,835 | €16,706 | -€12,129 | -42.1% |
| Plant, machinery and equipment | 23 | €12,076 | €8,327 | -€3,749 | -31.0% |
| Furniture and vehicles | 24 | €16,759 | €8,380 | -€8,380 | -50.0% |
| Current assets | 29/58 | €57,952 | €19,785 | -€38,166 | -65.9% |
| Amounts receivable within one year | 40/41 | €46,632 | €14,188 | -€32,443 | -69.6% |
| Trade receivables | 40 | €23,766 | €3,969 | -€19,797 | -83.3% |
| Other amounts receivable | 41 | €22,866 | €10,220 | -€12,646 | -55.3% |
| Cash at bank and in hand | 54/58 | €10,521 | €4,790 | -€5,731 | -54.5% |
| Deferred charges and accrued income | 490/1 | €799 | €807 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €86,787 | €36,492 | -€50,295 | -58.0% |
| Equity | 10/15 | €15,273 | €15,384 | +€111 | +0.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,773 | €12,884 | +€111 | +0.9% |
| Distributable reserves | 133 | €12,773 | €12,884 | +€111 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,514 | €21,108 | -€50,406 | -70.5% |
| Amounts payable within one year | 42/48 | €71,514 | €21,108 | -€50,406 | -70.5% |
| Trade debts | 44 | €55,781 | €9,436 | -€46,345 | -83.1% |
| Suppliers | 440/4 | €55,781 | €9,436 | -€46,345 | -83.1% |
| Taxes, remuneration and social security | 45 | €14,874 | €11,672 | -€3,202 | -21.5% |
| Taxes | 450/3 | €14,874 | €10,650 | -€4,224 | -28.4% |
| Remuneration and social security | 454/9 | - | €1,022 | +€1,022 | |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Remuneration, social security and pensions | 62 | - | €9,896 | +€9,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,129 | €12,129 | = | 0.0% |
| Other operating charges | 640/8 | €346 | €1,131 | +€785 | +227% |
| Gross operating margin | 9900 | €32,619 | €28,931 | -€3,688 | -11.3% |
| Operating profit (loss) | 9901 | €20,145 | €5,775 | -€14,369 | -71.3% |
| Financial income | 75/76B | €666 | €808 | +€142 | +21.3% |
| Recurring financial income | 75 | €666 | €808 | +€142 | +21.3% |
| Financial charges | 65/66B | €3,295 | €4,589 | +€1,294 | +39.3% |
| Recurring financial charges | 65 | €3,295 | €4,589 | +€1,294 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €17,516 | €1,995 | -€15,521 | -88.6% |
| Income taxes | 67/77 | €3,884 | €1,884 | -€2,000 | -51.5% |
| Profit (loss) for the period | 9904 | €13,632 | €111 | -€13,521 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,632 | €111 | -€13,521 | -99.2% |
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.