DEGALLAIX: 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.
What changed
DEGALLAIX
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€199,358
2024 · €75,752-€275,111
Equity
€1.1m
2024 · €1.3m-€199,358
Cash
€129,120
2024 · €106,904+€22,216
Balance sheet total
€1.5m
2024 · €1.7m-€196,642
Largest movements
Assets
- Tangible fixed assets -€121,665
down €121,665 (-13.4%), from €907,909 to €786,243
- Stocks and contracts -€90,482
down €90,482 (-43.6%), from €207,626 to €117,143
- Cash +€22,216
up €22,216 (+20.8%), from €106,904 to €129,120
mainly Depreciation (+€132,746) and Other debts (+€98,358)
Equity and liabilities
- Profit (loss) carried forward -€193,528
down €193,528 (-34.9%), from €554,660 to €361,133
- Other debts +€98,358
up €98,358 (+200%), from €49,143 to €147,502
- Trade debts -€94,094
down €94,094 (-33.9%), from €277,687 to €183,593
Income statement
- Gross operating margin -€261,942
down €261,942 (-76.3%), from €343,160 to €81,218
- Depreciation +€32,224
up €32,224 (+32.1%), from €100,521 to €132,746
- Taxes -€17,410
down €17,410 (-96.4%), from €18,067 to €657
- Write-downs +€9,533
up €9,533 (+37.1%), from €25,725 to €35,258
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.
Result 2024
€75,752
Gross operating margin
-€261,942
Staff costs
-€1,054
Depreciation
-€32,224
Write-downs
-€9,533
Other operating charges
-€831
Other operating items
+€2,332
Financial income
-€87
Financial charges
+€612
Taxes
+€17,410
Deferred taxes and other
+€10,207
Result 2025
-€199,358
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€32,363
Investment
-€10,147
Financing
€0
Cash 2024
€106,904
From operations (derived)
+€32,363
Net result for the year
-€199,358
Depreciation
+€132,746
Stocks and contracts
+€90,482
Receivables within one year
+€11,241
Deferred charges and accrued income
-€5,464
Provisions
-€1,944
Trade debts
-€94,094
Tax, wage and social debts
+€395
Other debts
+€98,358
Investment (derived)
-€10,147
Investment in fixed assets (net)
-€10,147
Cash 2025
€129,120
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,685,637 | €1,488,994 | -€196,642 | -11.7% |
| Fixed assets | 21/28 | €910,355 | €787,756 | -€122,599 | -13.5% |
| Intangible fixed assets | 21 | €2,083 | €1,150 | -€933 | -44.8% |
| Tangible fixed assets | 22/27 | €907,909 | €786,243 | -€121,665 | -13.4% |
| Land and buildings | 22 | €514,902 | €485,152 | -€29,750 | -5.8% |
| Plant, machinery and equipment | 23 | €308,791 | €251,075 | -€57,716 | -18.7% |
| Furniture and vehicles | 24 | €84,216 | €50,016 | -€34,200 | -40.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €775,281 | €701,238 | -€74,044 | -9.6% |
| Stocks and contracts in progress | 3 | €207,626 | €117,143 | -€90,482 | -43.6% |
| Stocks | 30/36 | €207,626 | €117,143 | -€90,482 | -43.6% |
| Amounts receivable within one year | 40/41 | €448,061 | €436,820 | -€11,241 | -2.5% |
| Trade receivables | 40 | €380,087 | €342,370 | -€37,718 | -9.9% |
| Other amounts receivable | 41 | €67,974 | €94,450 | +€26,477 | +39.0% |
| Cash at bank and in hand | 54/58 | €106,904 | €129,120 | +€22,216 | +20.8% |
| Deferred charges and accrued income | 490/1 | €12,691 | €18,154 | +€5,464 | +43.1% |
| Total equity and liabilities | 10/49 | €1,685,637 | €1,488,994 | -€196,642 | -11.7% |
| Equity | 10/15 | €1,339,750 | €1,140,391 | -€199,358 | -14.9% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €85,090 | €79,259 | -€5,831 | -6.9% |
| Tax-exempt reserves | 132 | €24,789 | €18,958 | -€5,831 | -23.5% |
| Distributable reserves | 133 | €60,301 | €60,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | €554,660 | €361,133 | -€193,528 | -34.9% |
| Provisions and deferred taxes | 16 | €8,263 | €6,319 | -€1,944 | -23.5% |
| Deferred taxes | 168 | €8,263 | €6,319 | -€1,944 | -23.5% |
| Amounts payable | 17/49 | €337,624 | €342,283 | +€4,660 | +1.4% |
| Amounts payable within one year | 42/48 | €337,624 | €342,283 | +€4,660 | +1.4% |
| Trade debts | 44 | €277,687 | €183,593 | -€94,094 | -33.9% |
| Suppliers | 440/4 | €277,687 | €183,593 | -€94,094 | -33.9% |
| Taxes, remuneration and social security | 45 | €10,793 | €11,188 | +€395 | +3.7% |
| Taxes | 450/3 | €760 | €841 | +€81 | +10.7% |
| Remuneration and social security | 454/9 | €10,033 | €10,347 | +€314 | +3.1% |
| Other amounts payable | 47/48 | €49,143 | €147,502 | +€98,358 | +200% |
| Remuneration, social security and pensions | 62 | €92,488 | €93,541 | +€1,054 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,521 | €132,746 | +€32,224 | +32.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,725 | €35,258 | +€9,533 | +37.1% |
| Other operating charges | 640/8 | €19,420 | €20,251 | +€831 | +4.3% |
| Non-recurring operating charges | 66A | €2,332 | - | -€2,332 | |
| Gross operating margin | 9900 | €343,160 | €81,218 | -€261,942 | -76.3% |
| Operating profit (loss) | 9901 | €102,675 | -€200,578 | -€303,252 | |
| Financial income | 75/76B | €1,874 | €1,787 | -€87 | -4.7% |
| Recurring financial income | 75 | €1,874 | €1,787 | -€87 | -4.7% |
| Financial charges | 65/66B | €2,467 | €1,854 | -€612 | -24.8% |
| Recurring financial charges | 65 | €2,467 | €1,854 | -€612 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €102,082 | -€200,645 | -€302,727 | |
| Transfer from deferred taxes | 780 | €1,455 | €1,944 | +€489 | +33.6% |
| Transfer to deferred taxes | 680 | €9,718 | - | -€9,718 | |
| Income taxes | 67/77 | €18,067 | €657 | -€17,410 | -96.4% |
| Profit (loss) for the period | 9904 | €75,752 | -€199,358 | -€275,111 | |
| Transfer from tax-exempt reserves | 789 | €4,365 | €5,831 | +€1,466 | +33.6% |
| Transfer to tax-exempt reserves | 689 | €29,154 | - | -€29,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,964 | -€193,528 | -€244,491 |
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.