DEGECOM: 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.
DEGECOM
Largest movements
- Tangible fixed assets -€22,028
down €22,028 (-7.9%), from €279,550 to €257,522
of which Furniture and vehicles: -€14,348
- Receivables within one year -€16,280
down €16,280 (-22.8%), from €71,453 to €55,173
of which Other amounts receivable: -€15,746
- Current portion of long-term debt -€22,861
down €22,861 (-53.2%), from €42,995 to €20,134
- Debts after one year -€20,134
down €20,134 (-42.8%), from €47,068 to €26,934
- Reserves -€7,893
down €7,893 (-3.0%), from €260,176 to €252,283
of which Distributable reserves: -€7,893
- Short-term financial debts +€6,633
new in 2025: €6,633
- Tax, wage and social debts +€5,158
up €5,158 (+33.1%), from €15,580 to €20,738
- Gross operating margin -€25,531
down €25,531 (-21.9%), from €116,670 to €91,140
- Depreciation +€10,438
up €10,438 (+73.6%), from €14,181 to €24,618
- Taxes -€5,631
down €5,631 (-18.5%), from €30,416 to €24,785
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 | €378,848 | €335,127 | -€43,721 | -11.5% |
| Fixed assets | 21/28 | €280,083 | €258,055 | -€22,028 | -7.9% |
| Tangible fixed assets | 22/27 | €279,550 | €257,522 | -€22,028 | -7.9% |
| Land and buildings | 22 | €204,800 | €197,120 | -€7,680 | -3.8% |
| Furniture and vehicles | 24 | €74,750 | €60,402 | -€14,348 | -19.2% |
| Financial fixed assets | 28 | €533 | €533 | = | 0.0% |
| Current assets | 29/58 | €98,765 | €77,072 | -€21,693 | -22.0% |
| Amounts receivable within one year | 40/41 | €71,453 | €55,173 | -€16,280 | -22.8% |
| Trade receivables | 40 | €17,473 | €16,940 | -€533 | -3.1% |
| Other amounts receivable | 41 | €53,980 | €38,233 | -€15,746 | -29.2% |
| Cash at bank and in hand | 54/58 | €20,347 | €17,032 | -€3,315 | -16.3% |
| Deferred charges and accrued income | 490/1 | €6,965 | €4,866 | -€2,098 | -30.1% |
| Total equity and liabilities | 10/49 | €378,848 | €335,127 | -€43,721 | -11.5% |
| Equity | 10/15 | €268,420 | €260,528 | -€7,893 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,176 | €252,283 | -€7,893 | -3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €258,316 | €250,423 | -€7,893 | -3.1% |
| Profit (loss) carried forward | 14 | €2,044 | €2,044 | = | 0.0% |
| Amounts payable | 17/49 | €110,427 | €74,599 | -€35,828 | -32.4% |
| Amounts payable after more than one year | 17 | €47,068 | €26,934 | -€20,134 | -42.8% |
| Financial debts | 170/4 | €47,068 | €26,934 | -€20,134 | -42.8% |
| Amounts payable within one year | 42/48 | €63,359 | €47,665 | -€15,694 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €42,995 | €20,134 | -€22,861 | -53.2% |
| Financial debts | 43 | - | €6,633 | +€6,633 | |
| Credit institutions | 430/8 | - | €6,633 | +€6,633 | |
| Trade debts | 44 | €4,784 | €160 | -€4,624 | -96.7% |
| Suppliers | 440/4 | €4,784 | €160 | -€4,624 | -96.7% |
| Taxes, remuneration and social security | 45 | €15,580 | €20,738 | +€5,158 | +33.1% |
| Taxes | 450/3 | €15,580 | €20,738 | +€5,158 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,181 | €24,618 | +€10,438 | +73.6% |
| Other operating charges | 640/8 | €3,988 | €4,545 | +€557 | +14.0% |
| Gross operating margin | 9900 | €116,670 | €91,140 | -€25,531 | -21.9% |
| Operating profit (loss) | 9901 | €98,502 | €61,977 | -€36,526 | -37.1% |
| Financial income | 75/76B | €12 | €12 | -€0 | -0.1% |
| Recurring financial income | 75 | €12 | €12 | -€0 | -0.1% |
| Financial charges | 65/66B | €1,646 | €2,096 | +€450 | +27.3% |
| Recurring financial charges | 65 | €1,646 | €2,096 | +€450 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €96,867 | €59,892 | -€36,975 | -38.2% |
| Income taxes | 67/77 | €30,416 | €24,785 | -€5,631 | -18.5% |
| Profit (loss) for the period | 9904 | €66,452 | €35,107 | -€31,344 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,452 | €35,107 | -€31,344 | -47.2% |
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.