Degawest: what changed
Two fiscal 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.
Degawest
Largest movements
- Receivables after one year -€81,000
down €81,000 (-100.0%), from €81,000 to €0
- Cash -€77,224
down €77,224 (-29.6%), from €260,570 to €183,346
mainly Contributions, distributions and other (-€193,027) and Investment in fixed assets (net) (-€68,310)
- Receivables within one year -€32,971
down €32,971 (-65.2%), from €50,570 to €17,599
of which Other amounts receivable: -€33,043
- Tangible fixed assets +€22,783
up €22,783 (+3.9%), from €581,844 to €604,627
of which Land and buildings: +€29,567
- Reserves -€210,801
down €210,801 (-30.8%), from €683,981 to €473,180
of which Distributable reserves: -€206,653
- Other debts +€37,726
new in 2025: €37,726
- Gross operating margin -€10,686
down €10,686 (-19.4%), from €54,998 to €44,312
- Financial income -€782
down €782 (-27.3%), from €2,866 to €2,084
- Other operating charges +€666
up €666 (+3.8%), from €17,434 to €18,101
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.
Cash bridge derived
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 | €976,575 | €808,283 | -€168,292 | -17.2% |
| Fixed assets | 21/28 | €581,867 | €604,650 | +€22,783 | +3.9% |
| Tangible fixed assets | 22/27 | €581,844 | €604,627 | +€22,783 | +3.9% |
| Land and buildings | 22 | €575,060 | €604,627 | +€29,567 | +5.1% |
| Furniture and vehicles | 24 | €6,784 | €0 | -€6,784 | -100.0% |
| Financial fixed assets | 28 | €23 | €23 | = | 0.0% |
| Current assets | 29/58 | €394,708 | €203,633 | -€191,075 | -48.4% |
| Amounts receivable after more than one year | 29 | €81,000 | €0 | -€81,000 | -100.0% |
| Other amounts receivable | 291 | €81,000 | €0 | -€81,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €50,570 | €17,599 | -€32,971 | -65.2% |
| Trade receivables | 40 | €5,368 | €5,440 | +€72 | +1.3% |
| Other amounts receivable | 41 | €45,202 | €12,159 | -€33,043 | -73.1% |
| Cash at bank and in hand | 54/58 | €260,570 | €183,346 | -€77,224 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,568 | €2,688 | +€120 | +4.7% |
| Total equity and liabilities | 10/49 | €976,575 | €808,283 | -€168,292 | -17.2% |
| Equity | 10/15 | €949,001 | €738,200 | -€210,801 | -22.2% |
| Contributions | 10/11 | €265,020 | €265,020 | = | 0.0% |
| Reserves | 13 | €683,981 | €473,180 | -€210,801 | -30.8% |
| Tax-exempt reserves | 132 | €55,208 | €51,060 | -€4,148 | -7.5% |
| Distributable reserves | 133 | €628,773 | €422,120 | -€206,653 | -32.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €18,403 | €17,020 | -€1,383 | -7.5% |
| Deferred taxes | 168 | €18,403 | €17,020 | -€1,383 | -7.5% |
| Amounts payable | 17/49 | €9,171 | €53,062 | +€43,891 | +478.6% |
| Amounts payable within one year | 42/48 | €9,171 | €52,262 | +€43,091 | +469.8% |
| Current portion of amounts payable after more than one year | 42 | €7,794 | €7,785 | -€9 | -0.1% |
| Trade debts | 44 | €1,377 | €6,751 | +€5,374 | +390.4% |
| Suppliers | 440/4 | €1,377 | €6,751 | +€5,374 | +390.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €37,726 | +€37,726 | |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,043 | €45,527 | +€484 | +1.1% |
| Other operating charges | 640/8 | €17,434 | €18,101 | +€666 | +3.8% |
| Gross operating margin | 9900 | €54,998 | €44,312 | -€10,686 | -19.4% |
| Operating profit (loss) | 9901 | -€7,480 | -€19,316 | -€11,836 | -158.2% |
| Financial income | 75/76B | €2,866 | €2,084 | -€782 | -27.3% |
| Recurring financial income | 75 | €2,866 | €2,084 | -€782 | -27.3% |
| Financial charges | 65/66B | €1,446 | €1,583 | +€137 | +9.5% |
| Recurring financial charges | 65 | €1,446 | €1,583 | +€137 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,060 | -€18,815 | -€12,755 | -210.5% |
| Transfer from deferred taxes | 780 | €1,383 | €1,383 | = | 0.0% |
| Income taxes | 67/77 | €346 | €341 | -€5 | -1.5% |
| Profit (loss) for the period | 9904 | -€5,023 | -€17,773 | -€12,750 | -253.8% |
| Transfer from tax-exempt reserves | 789 | €4,148 | €4,148 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€875 | -€13,625 | -€12,750 | -1456.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.