DEGEE: 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.
DEGEE
Largest movements
- Tangible fixed assets +€112,606
up €112,606 (+33.1%), from €339,808 to €452,414
of which Land and buildings: +€104,339
- Financial fixed assets -€87,685
down €87,685 (-15.1%), from €580,124 to €492,439
- Receivables within one year -€40,223
down €40,223 (-76.7%), from €52,468 to €12,245
of which Other amounts receivable: -€37,113
- Profit (loss) carried forward -€20,789
no longer reported in 2025 (was €20,789)
- Debts after one year +€19,277
up €19,277 (+4.1%), from €474,477 to €493,754
- Financial charges +€14,366
up €14,366 (+375.8%), from €3,822 to €18,189
of which Financial charges: +€14,088
- Depreciation +€7,649
up €7,649 (+42.0%), from €18,222 to €25,871
- Other operating charges -€6,646
down €6,646 (-30.3%), from €21,971 to €15,324
- Gross operating margin -€5,337
down €5,337 (-14.9%), from €35,880 to €30,543
- Taxes +€1,169
up €1,169 (+1598.7%), from €73 to €1,242
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 | €985,037 | €963,994 | -€21,044 | -2.1% |
| Fixed assets | 21/28 | €919,932 | €944,853 | +€24,921 | +2.7% |
| Tangible fixed assets | 22/27 | €339,808 | €452,414 | +€112,606 | +33.1% |
| Land and buildings | 22 | €290,903 | €395,243 | +€104,339 | +35.9% |
| Plant, machinery and equipment | 23 | €36,716 | €29,694 | -€7,022 | -19.1% |
| Furniture and vehicles | 24 | €12,189 | €27,478 | +€15,288 | +125.4% |
| Financial fixed assets | 28 | €580,124 | €492,439 | -€87,685 | -15.1% |
| Current assets | 29/58 | €65,105 | €19,141 | -€45,964 | -70.6% |
| Amounts receivable within one year | 40/41 | €52,468 | €12,245 | -€40,223 | -76.7% |
| Trade receivables | 40 | €10,465 | €7,355 | -€3,110 | -29.7% |
| Other amounts receivable | 41 | €42,002 | €4,889 | -€37,113 | -88.4% |
| Cash at bank and in hand | 54/58 | €1,236 | €5,265 | +€4,028 | +325.8% |
| Deferred charges and accrued income | 490/1 | €11,401 | €1,631 | -€9,770 | -85.7% |
| Total equity and liabilities | 10/49 | €985,037 | €963,994 | -€21,044 | -2.1% |
| Equity | 10/15 | €175,869 | €145,372 | -€30,497 | -17.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €136,487 | €126,780 | -€9,708 | -7.1% |
| Tax-exempt reserves | 132 | €16,308 | €15,050 | -€1,258 | -7.7% |
| Distributable reserves | 133 | €120,180 | €111,730 | -€8,450 | -7.0% |
| Profit (loss) carried forward | 14 | €20,789 | - | -€20,789 | |
| Provisions and deferred taxes | 16 | €5,436 | €5,017 | -€419 | -7.7% |
| Deferred taxes | 168 | €5,436 | €5,017 | -€419 | -7.7% |
| Amounts payable | 17/49 | €803,733 | €813,605 | +€9,873 | +1.2% |
| Amounts payable after more than one year | 17 | €474,477 | €493,754 | +€19,277 | +4.1% |
| Financial debts | 170/4 | €474,477 | €493,754 | +€19,277 | +4.1% |
| Amounts payable within one year | 42/48 | €329,256 | €319,851 | -€9,404 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €67,857 | €62,555 | -€5,302 | -7.8% |
| Trade debts | 44 | €241,026 | €237,300 | -€3,726 | -1.5% |
| Suppliers | 440/4 | €241,026 | €237,300 | -€3,726 | -1.5% |
| Taxes, remuneration and social security | 45 | €790 | €515 | -€275 | -34.8% |
| Taxes | 450/3 | €790 | €515 | -€275 | -34.8% |
| Other amounts payable | 47/48 | €19,583 | €19,482 | -€101 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,222 | €25,871 | +€7,649 | +42.0% |
| Other operating charges | 640/8 | €21,971 | €15,324 | -€6,646 | -30.3% |
| Gross operating margin | 9900 | €35,880 | €30,543 | -€5,337 | -14.9% |
| Operating profit (loss) | 9901 | -€4,313 | -€10,653 | -€6,340 | -147.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,822 | €18,189 | +€14,366 | +375.8% |
| Recurring financial charges | 65 | €3,822 | €17,910 | +€14,088 | +368.5% |
| Non-recurring financial charges | 66B | - | €279 | +€279 | |
| Profit (loss) for the period before taxes | 9903 | -€8,135 | -€28,840 | -€20,705 | -254.5% |
| Transfer from deferred taxes | 780 | €419 | €419 | = | 0.0% |
| Income taxes | 67/77 | €73 | €1,242 | +€1,169 | +1598.7% |
| Profit (loss) for the period | 9904 | -€7,789 | -€29,663 | -€21,874 | -280.8% |
| Transfer from tax-exempt reserves | 789 | €1,258 | €1,258 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,532 | -€28,405 | -€21,874 | -334.9% |
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.