DEGECO: 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.
DEGECO
Largest movements
- Stocks and contracts -€109,581
down €109,581 (-23.8%), from €460,540 to €350,959
- Receivables within one year +€61,712
up €61,712 (+22.0%), from €280,567 to €342,280
of which Trade receivables: +€71,712
- Tangible fixed assets -€39,516
down €39,516 (-30.5%), from €129,640 to €90,124
of which Furniture and vehicles: -€38,867
- Trade debts +€73,047
up €73,047 (+84.6%), from €86,388 to €159,435
- Debts after one year -€71,641
down €71,641 (-52.2%), from €137,359 to €65,717
of which Other amounts payable: -€117,500
- Profit (loss) carried forward -€60,832
down €60,832 (-14.1%), from €431,183 to €370,350
- Short-term financial debts -€25,424
no longer reported in 2025 (was €25,424)
- Gross operating margin -€102,722
down €102,722 (-25.5%), from €402,397 to €299,675
- Taxes -€16,921
down €16,921, from €14,523 to -€2,399
- Financial income -€11,106
down €11,106 (-39.9%), from €27,867 to €16,761
- Depreciation -€10,990
down €10,990 (-21.8%), from €50,379 to €39,389
- Financial charges -€7,398
down €7,398 (-47.2%), from €15,681 to €8,283
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 | €1,062,161 | €974,646 | -€87,515 | -8.2% |
| Fixed assets | 21/28 | €129,640 | €90,124 | -€39,516 | -30.5% |
| Tangible fixed assets | 22/27 | €129,640 | €90,124 | -€39,516 | -30.5% |
| Plant, machinery and equipment | 23 | €911 | €262 | -€650 | -71.3% |
| Furniture and vehicles | 24 | €128,729 | €89,862 | -€38,867 | -30.2% |
| Current assets | 29/58 | €932,521 | €884,523 | -€47,998 | -5.1% |
| Stocks and contracts in progress | 3 | €460,540 | €350,959 | -€109,581 | -23.8% |
| Stocks | 30/36 | €460,540 | €350,959 | -€109,581 | -23.8% |
| Amounts receivable within one year | 40/41 | €280,567 | €342,280 | +€61,712 | +22.0% |
| Trade receivables | 40 | €270,567 | €342,280 | +€71,712 | +26.5% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €179,377 | €182,617 | +€3,240 | +1.8% |
| Deferred charges and accrued income | 490/1 | €12,037 | €8,667 | -€3,369 | -28.0% |
| Total equity and liabilities | 10/49 | €1,062,161 | €974,646 | -€87,515 | -8.2% |
| Equity | 10/15 | €742,295 | €681,463 | -€60,832 | -8.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €249,613 | €249,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,217 | €23,217 | = | 0.0% |
| Legal reserve | 130 | €23,217 | €23,217 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €188,896 | €188,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | €431,183 | €370,350 | -€60,832 | -14.1% |
| Amounts payable | 17/49 | €319,866 | €293,183 | -€26,682 | -8.3% |
| Amounts payable after more than one year | 17 | €137,359 | €65,717 | -€71,641 | -52.2% |
| Financial debts | 170/4 | €19,859 | €65,717 | +€45,858 | +230.9% |
| Other amounts payable | 178/9 | €117,500 | - | -€117,500 | |
| Amounts payable within one year | 42/48 | €182,507 | €227,466 | +€44,959 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €26,308 | €17,641 | -€8,667 | -32.9% |
| Financial debts | 43 | €25,424 | - | -€25,424 | |
| Credit institutions | 430/8 | €25,424 | - | -€25,424 | |
| Trade debts | 44 | €86,388 | €159,435 | +€73,047 | +84.6% |
| Suppliers | 440/4 | €86,388 | €159,435 | +€73,047 | +84.6% |
| Taxes, remuneration and social security | 45 | €40,892 | €49,276 | +€8,384 | +20.5% |
| Taxes | 450/3 | €9,852 | €28,900 | +€19,048 | +193.3% |
| Remuneration and social security | 454/9 | €31,039 | €20,376 | -€10,664 | -34.4% |
| Other amounts payable | 47/48 | €3,495 | €1,113 | -€2,382 | -68.1% |
| Non-recurring operating income | 76A | - | €7,577 | +€7,577 | |
| Remuneration, social security and pensions | 62 | €297,355 | €304,554 | +€7,199 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,379 | €39,389 | -€10,990 | -21.8% |
| Other operating charges | 640/8 | €27,339 | €25,643 | -€1,696 | -6.2% |
| Non-recurring operating charges | 66A | - | €1,798 | +€1,798 | |
| Gross operating margin | 9900 | €402,397 | €299,675 | -€102,722 | -25.5% |
| Operating profit (loss) | 9901 | €27,324 | -€71,709 | -€99,032 | |
| Financial income | 75/76B | €27,867 | €16,761 | -€11,106 | -39.9% |
| Recurring financial income | 75 | €27,867 | €16,761 | -€11,106 | -39.9% |
| Financial charges | 65/66B | €15,681 | €8,283 | -€7,398 | -47.2% |
| Recurring financial charges | 65 | €15,681 | €8,283 | -€7,398 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €39,509 | -€63,231 | -€102,740 | |
| Income taxes | 67/77 | €14,523 | -€2,399 | -€16,921 | |
| Profit (loss) for the period | 9904 | €24,987 | -€60,832 | -€85,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,987 | -€60,832 | -€85,819 |
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 10 October 2026 via checked.be.