DEG 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.
DEG MANAGEMENT
Largest movements
- Cash +€77,873
up €77,873 (+819%), from €9,508 to €87,381
mainly Receivables within one year (+€76,750) and Net result for the year (+€41,848)
- Receivables within one year -€76,750
down €76,750 (-85.0%), from €90,279 to €13,529
- Current investments -€9,277
no longer reported in 2025 (was €9,277)
- Tax, wage and social debts +€22,033
up €22,033 (+454%), from €4,850 to €26,882
- Other debts -€19,740
down €19,740 (-97.2%), from €20,315 to €576
- Reserves -€17,490
down €17,490 (-39.1%), from €44,681 to €27,191
- Profit (loss) carried forward +€6,848
up €6,848 (+18.0%), from €37,959 to €44,807
- Gross operating margin +€6,005
up €6,005 (+12.8%), from €46,949 to €52,954
- Financial charges +€2,614
up €2,614, from -€2,453 to €161
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 | €109,604 | €101,129 | -€8,474 | -7.7% |
| Fixed assets | 21/28 | €539 | €219 | -€320 | -59.3% |
| Tangible fixed assets | 22/27 | €539 | €219 | -€320 | -59.3% |
| Furniture and vehicles | 24 | €539 | €219 | -€320 | -59.3% |
| Current assets | 29/58 | €109,065 | €100,910 | -€8,154 | -7.5% |
| Amounts receivable within one year | 40/41 | €90,279 | €13,529 | -€76,750 | -85.0% |
| Trade receivables | 40 | €90,279 | €13,529 | -€76,750 | -85.0% |
| Current investments | 50/53 | €9,277 | - | -€9,277 | |
| Cash at bank and in hand | 54/58 | €9,508 | €87,381 | +€77,873 | +819% |
| Total equity and liabilities | 10/49 | €109,604 | €101,129 | -€8,474 | -7.7% |
| Equity | 10/15 | €82,740 | €72,098 | -€10,641 | -12.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €44,681 | €27,191 | -€17,490 | -39.1% |
| Distributable reserves | 133 | €44,681 | €27,191 | -€17,490 | -39.1% |
| Profit (loss) carried forward | 14 | €37,959 | €44,807 | +€6,848 | +18.0% |
| Amounts payable | 17/49 | €26,864 | €29,031 | +€2,167 | +8.1% |
| Amounts payable within one year | 42/48 | €26,864 | €29,031 | +€2,167 | +8.1% |
| Trade debts | 44 | €1,699 | €1,573 | -€126 | -7.4% |
| Suppliers | 440/4 | €1,699 | €1,573 | -€126 | -7.4% |
| Taxes, remuneration and social security | 45 | €4,850 | €26,882 | +€22,033 | +454% |
| Taxes | 450/3 | €4,850 | €26,882 | +€22,033 | +454% |
| Other amounts payable | 47/48 | €20,315 | €576 | -€19,740 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320 | €320 | = | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €46,949 | €52,954 | +€6,005 | +12.8% |
| Operating profit (loss) | 9901 | €46,241 | €52,634 | +€6,393 | +13.8% |
| Financial charges | 65/66B | -€2,453 | €161 | +€2,614 | |
| Recurring financial charges | 65 | -€2,453 | €161 | +€2,614 | |
| Profit (loss) for the period before taxes | 9903 | €48,695 | €52,473 | +€3,778 | +7.8% |
| Income taxes | 67/77 | €10,736 | €10,625 | -€112 | -1.0% |
| Profit (loss) for the period | 9904 | €37,959 | €41,848 | +€3,890 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,959 | €41,848 | +€3,890 | +10.2% |
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 14 October 2026 via checked.be.