DEGE IMMO: 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.
DEGE IMMO
Largest movements
- Tangible fixed assets +€694,431
up €694,431 (+19.6%), from €3.5m to €4.2m
of which Land and buildings: +€695,996
- Receivables within one year -€178,518
down €178,518 (-62.3%), from €286,467 to €107,949
of which Other amounts receivable: -€178,352
- Cash -€145,887
down €145,887 (-79.5%), from €183,570 to €37,683
mainly Investment in fixed assets (net) (-€847,802)
- Debts after one year +€190,654
up €190,654 (+19.8%), from €963,829 to €1.2m
- Reserves +€112,000
up €112,000 (+10.0%), from €1.1m to €1.2m
- Current portion of long-term debt +€70,994
up €70,994 (+31.2%), from €227,645 to €298,638
- Gross operating margin +€19,852
up €19,852 (+5.8%), from €343,626 to €363,478
- Financial charges -€10,064
down €10,064 (-22.2%), from €45,433 to €35,370
- Depreciation +€7,073
up €7,073 (+4.8%), from €146,419 to €153,492
- Taxes +€6,744
up €6,744 (+21.2%), from €31,854 to €38,598
- Financial income +€6,735
up €6,735, from €0 to €6,735
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 | €4,015,400 | €4,384,818 | +€369,417 | +9.2% |
| Formation expenses | 20 | €2,765 | €2,644 | -€120 | -4.4% |
| Fixed assets | 21/28 | €3,541,904 | €4,236,335 | +€694,431 | +19.6% |
| Tangible fixed assets | 22/27 | €3,539,924 | €4,234,354 | +€694,431 | +19.6% |
| Land and buildings | 22 | €3,535,859 | €4,231,855 | +€695,996 | +19.7% |
| Plant, machinery and equipment | 23 | €4,065 | €2,499 | -€1,566 | -38.5% |
| Financial fixed assets | 28 | €1,980 | €1,980 | = | 0.0% |
| Current assets | 29/58 | €470,731 | €145,839 | -€324,893 | -69.0% |
| Amounts receivable within one year | 40/41 | €286,467 | €107,949 | -€178,518 | -62.3% |
| Trade receivables | 40 | €2,859 | €2,692 | -€166 | -5.8% |
| Other amounts receivable | 41 | €283,609 | €105,257 | -€178,352 | -62.9% |
| Cash at bank and in hand | 54/58 | €183,570 | €37,683 | -€145,887 | -79.5% |
| Deferred charges and accrued income | 490/1 | €694 | €207 | -€487 | -70.2% |
| Total equity and liabilities | 10/49 | €4,015,400 | €4,384,818 | +€369,417 | +9.2% |
| Equity | 10/15 | €2,814,662 | €2,922,654 | +€107,993 | +3.8% |
| Contributions | 10/11 | €1,689,000 | €1,689,000 | = | 0.0% |
| Reserves | 13 | €1,120,900 | €1,232,900 | +€112,000 | +10.0% |
| Distributable reserves | 133 | €1,120,900 | €1,232,900 | +€112,000 | +10.0% |
| Profit (loss) carried forward | 14 | €4,762 | €754 | -€4,007 | -84.2% |
| Amounts payable | 17/49 | €1,200,739 | €1,462,163 | +€261,425 | +21.8% |
| Amounts payable after more than one year | 17 | €963,829 | €1,154,482 | +€190,654 | +19.8% |
| Financial debts | 170/4 | €963,829 | €1,154,482 | +€190,654 | +19.8% |
| Amounts payable within one year | 42/48 | €236,910 | €307,681 | +€70,771 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €227,645 | €298,638 | +€70,994 | +31.2% |
| Trade debts | 44 | €9,266 | €9,043 | -€223 | -2.4% |
| Suppliers | 440/4 | €9,266 | €9,043 | -€223 | -2.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,419 | €153,492 | +€7,073 | +4.8% |
| Other operating charges | 640/8 | €32,158 | €34,760 | +€2,602 | +8.1% |
| Gross operating margin | 9900 | €343,626 | €363,478 | +€19,852 | +5.8% |
| Operating profit (loss) | 9901 | €165,049 | €175,226 | +€10,177 | +6.2% |
| Financial income | 75/76B | €0 | €6,735 | +€6,735 | |
| Recurring financial income | 75 | €0 | €6,735 | +€6,735 | |
| Financial charges | 65/66B | €45,433 | €35,370 | -€10,064 | -22.2% |
| Recurring financial charges | 65 | €45,433 | €35,370 | -€10,064 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €119,616 | €146,591 | +€26,975 | +22.6% |
| Income taxes | 67/77 | €31,854 | €38,598 | +€6,744 | +21.2% |
| Profit (loss) for the period | 9904 | €87,761 | €107,993 | +€20,231 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,761 | €107,993 | +€20,231 | +23.1% |
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 11 October 2026 via checked.be.