DE GREEF: 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.
DE GREEF
Largest movements
- Stocks and contracts -€63,700
no longer reported in 2025 (was €63,700)
of which Contracts in progress: -€33,700
- Receivables within one year -€36,836
down €36,836 (-50.1%), from €73,593 to €36,757
of which Trade receivables: -€36,835
- Tangible fixed assets -€10,938
no longer reported in 2025 (was €10,938)
of which Furniture and vehicles: -€9,236
- Cash -€6,492
down €6,492 (-43.2%), from €15,024 to €8,532
mainly Net result for the year (-€115,371) and Trade debts (-€2,595)
- Profit (loss) carried forward -€115,371
down €115,371 (-82.4%), from €140,023 to €24,653
- Trade debts -€2,595
down €2,595 (-93.3%), from €2,780 to €185
- Other operating charges +€33,136
up €33,136 (+6,602%), from €502 to €33,638
- Gross operating margin -€24,065
down €24,065 (-154%), from -€15,591 to -€39,655
- Depreciation +€10,938
new in 2025: €10,938
- Financial charges -€643
down €643 (-58.9%), from €1,091 to €449
- Taxes -€488
no longer reported in 2025 (was €488)
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 | €163,254 | €45,289 | -€117,966 | -72.3% |
| Fixed assets | 21/28 | €10,938 | - | -€10,938 | |
| Tangible fixed assets | 22/27 | €10,938 | - | -€10,938 | |
| Plant, machinery and equipment | 23 | €1,702 | - | -€1,702 | |
| Furniture and vehicles | 24 | €9,236 | - | -€9,236 | |
| Current assets | 29/58 | €152,317 | €45,289 | -€107,028 | -70.3% |
| Stocks and contracts in progress | 3 | €63,700 | - | -€63,700 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Contracts in progress | 37 | €33,700 | - | -€33,700 | |
| Amounts receivable within one year | 40/41 | €73,593 | €36,757 | -€36,836 | -50.1% |
| Trade receivables | 40 | €37,041 | €206 | -€36,835 | -99.4% |
| Other amounts receivable | 41 | €36,552 | €36,551 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €15,024 | €8,532 | -€6,492 | -43.2% |
| Total equity and liabilities | 10/49 | €163,254 | €45,289 | -€117,966 | -72.3% |
| Equity | 10/15 | €160,475 | €45,104 | -€115,371 | -71.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,023 | €24,653 | -€115,371 | -82.4% |
| Amounts payable | 17/49 | €2,780 | €185 | -€2,595 | -93.3% |
| Amounts payable within one year | 42/48 | €2,780 | €185 | -€2,595 | -93.3% |
| Trade debts | 44 | €2,780 | €185 | -€2,595 | -93.3% |
| Suppliers | 440/4 | €2,780 | €185 | -€2,595 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,938 | +€10,938 | |
| Other operating charges | 640/8 | €502 | €33,638 | +€33,136 | +6,602% |
| Non-recurring operating charges | 66A | - | €30,694 | +€30,694 | |
| Gross operating margin | 9900 | -€15,591 | -€39,655 | -€24,065 | -154% |
| Operating profit (loss) | 9901 | -€16,092 | -€114,925 | -€98,832 | -614% |
| Financial income | 75/76B | €8 | €2 | -€6 | -69.5% |
| Recurring financial income | 75 | €8 | €2 | -€6 | -69.5% |
| Financial charges | 65/66B | €1,091 | €449 | -€643 | -58.9% |
| Recurring financial charges | 65 | €1,091 | €449 | -€643 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,176 | -€115,371 | -€98,195 | -572% |
| Income taxes | 67/77 | €488 | - | -€488 | |
| Profit (loss) for the period | 9904 | -€17,664 | -€115,371 | -€97,707 | -553% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,664 | -€115,371 | -€97,707 | -553% |
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 17 October 2026 via checked.be.