DeGeCon: 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.
DeGeCon
Largest movements
- Cash +€129,369
up €129,369 (+25.6%), from €505,894 to €635,262
mainly Net result for the year (+€248,215) and Tax, wage and social debts (+€19,236)
- Tangible fixed assets +€53,814
up €53,814 (+69.6%), from €77,294 to €131,108
of which Furniture and vehicles: +€60,449
- Current investments +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Receivables within one year +€34,416
up €34,416 (+3673.0%), from €937 to €35,353
- Reserves +€248,215
up €248,215 (+33.1%), from €748,980 to €997,195
of which Distributable reserves: +€248,215
- Tax, wage and social debts +€19,236
up €19,236 (+73.1%), from €26,306 to €45,542
- Gross operating margin +€171,490
up €171,490 (+88.9%), from €193,005 to €364,495
- Taxes +€52,625
up €52,625 (+92.9%), from €56,656 to €109,281
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 | €785,748 | €1,053,535 | +€267,787 | +34.1% |
| Fixed assets | 21/28 | €77,294 | €131,108 | +€53,814 | +69.6% |
| Tangible fixed assets | 22/27 | €77,294 | €131,108 | +€53,814 | +69.6% |
| Plant, machinery and equipment | 23 | €56,771 | €50,137 | -€6,634 | -11.7% |
| Furniture and vehicles | 24 | €20,523 | €80,972 | +€60,449 | +294.5% |
| Current assets | 29/58 | €708,454 | €922,426 | +€213,972 | +30.2% |
| Amounts receivable within one year | 40/41 | €937 | €35,353 | +€34,416 | +3673.0% |
| Trade receivables | 40 | €937 | €35,353 | +€34,416 | +3673.0% |
| Current investments | 50/53 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €505,894 | €635,262 | +€129,369 | +25.6% |
| Deferred charges and accrued income | 490/1 | €1,623 | €1,811 | +€188 | +11.6% |
| Total equity and liabilities | 10/49 | €785,748 | €1,053,535 | +€267,787 | +34.1% |
| Equity | 10/15 | €755,180 | €1,003,395 | +€248,215 | +32.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €748,980 | €997,195 | +€248,215 | +33.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €748,980 | €997,195 | +€248,215 | +33.1% |
| Amounts payable | 17/49 | €30,568 | €50,140 | +€19,572 | +64.0% |
| Amounts payable within one year | 42/48 | €30,568 | €50,132 | +€19,564 | +64.0% |
| Trade debts | 44 | €3,102 | €3,316 | +€213 | +6.9% |
| Suppliers | 440/4 | €3,102 | €3,316 | +€213 | +6.9% |
| Taxes, remuneration and social security | 45 | €26,306 | €45,542 | +€19,236 | +73.1% |
| Taxes | 450/3 | €26,306 | €45,542 | +€19,236 | +73.1% |
| Other amounts payable | 47/48 | €1,160 | €1,274 | +€114 | +9.8% |
| Accrued charges and deferred income | 492/3 | - | €8 | +€8 | |
| Non-recurring operating income | 76A | €0 | €11,699 | +€11,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,724 | €15,502 | +€778 | +5.3% |
| Other operating charges | 640/8 | €1,286 | €969 | -€317 | -24.6% |
| Gross operating margin | 9900 | €193,005 | €364,495 | +€171,490 | +88.9% |
| Operating profit (loss) | 9901 | €176,996 | €348,024 | +€171,028 | +96.6% |
| Financial income | 75/76B | €9,691 | €10,109 | +€418 | +4.3% |
| Recurring financial income | 75 | €9,691 | €10,109 | +€418 | +4.3% |
| Financial charges | 65/66B | €125 | €637 | +€512 | +409.9% |
| Recurring financial charges | 65 | €125 | €637 | +€512 | +409.9% |
| Profit (loss) for the period before taxes | 9903 | €186,562 | €357,496 | +€170,935 | +91.6% |
| Income taxes | 67/77 | €56,656 | €109,281 | +€52,625 | +92.9% |
| Profit (loss) for the period | 9904 | €129,905 | €248,215 | +€118,310 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,905 | €248,215 | +€118,310 | +91.1% |
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 5 October 2026 via checked.be.