DEGEEST ELS: 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.
DEGEEST ELS
Largest movements
- Current investments -€283,000
no longer reported in 2025 (was €283,000)
- Cash +€204,705
up €204,705 (+156.7%), from €130,617 to €335,322
mainly Current investments (+€283,000) and Net result for the year (+€68,467)
- Deferred charges and accrued income +€90,962
up €90,962 (+186.1%), from €48,886 to €139,848
- Tangible fixed assets -€21,242
down €21,242 (-7.8%), from €272,860 to €251,618
- Receivables within one year +€12,623
new in 2025: €12,623
- Reserves +€60,000
up €60,000 (+23.8%), from €251,860 to €311,860
- Tax, wage and social debts -€34,114
no longer reported in 2025 (was €34,114)
of which Taxes: -€28,576
- Other debts -€14,359
no longer reported in 2025 (was €14,359)
- Debts after one year -€9,980
down €9,980 (-16.8%), from €59,559 to €49,579
of which Financial debts: -€9,980
- Profit (loss) carried forward +€8,467
up €8,467 (+2.5%), from €342,173 to €350,639
- Gross operating margin -€56,456
down €56,456 (-31.1%), from €181,547 to €125,091
- Taxes -€15,391
down €15,391 (-30.9%), from €49,840 to €34,450
- Financial income -€4,238
down €4,238 (-49.0%), from €8,651 to €4,413
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 | €737,162 | €741,210 | +€4,048 | +0.5% |
| Fixed assets | 21/28 | €274,660 | €253,418 | -€21,242 | -7.7% |
| Tangible fixed assets | 22/27 | €272,860 | €251,618 | -€21,242 | -7.8% |
| Land and buildings | 22 | €230,574 | €224,421 | -€6,153 | -2.7% |
| Plant, machinery and equipment | 23 | €8,678 | €5,675 | -€3,003 | -34.6% |
| Furniture and vehicles | 24 | €21,280 | €11,351 | -€9,929 | -46.7% |
| Other tangible fixed assets | 26 | €12,327 | €10,171 | -€2,156 | -17.5% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €462,503 | €487,792 | +€25,289 | +5.5% |
| Amounts receivable within one year | 40/41 | - | €12,623 | +€12,623 | |
| Other amounts receivable | 41 | - | €12,623 | +€12,623 | |
| Current investments | 50/53 | €283,000 | - | -€283,000 | |
| Cash at bank and in hand | 54/58 | €130,617 | €335,322 | +€204,705 | +156.7% |
| Deferred charges and accrued income | 490/1 | €48,886 | €139,848 | +€90,962 | +186.1% |
| Total equity and liabilities | 10/49 | €737,162 | €741,210 | +€4,048 | +0.5% |
| Equity | 10/15 | €606,433 | €674,899 | +€68,467 | +11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €251,860 | €311,860 | +€60,000 | +23.8% |
| Distributable reserves | 133 | €251,860 | €311,860 | +€60,000 | +23.8% |
| Profit (loss) carried forward | 14 | €342,173 | €350,639 | +€8,467 | +2.5% |
| Amounts payable | 17/49 | €130,730 | €66,311 | -€64,419 | -49.3% |
| Amounts payable after more than one year | 17 | €59,559 | €49,579 | -€9,980 | -16.8% |
| Financial debts | 170/4 | €57,879 | €47,899 | -€9,980 | -17.2% |
| Other amounts payable | 178/9 | €1,680 | €1,680 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,020 | €13,405 | -€53,615 | -80.0% |
| Current portion of amounts payable after more than one year | 42 | €9,881 | €9,980 | +€98 | +1.0% |
| Trade debts | 44 | €8,666 | €3,426 | -€5,240 | -60.5% |
| Suppliers | 440/4 | €8,666 | €3,426 | -€5,240 | -60.5% |
| Taxes, remuneration and social security | 45 | €34,114 | - | -€34,114 | |
| Taxes | 450/3 | €28,576 | - | -€28,576 | |
| Remuneration and social security | 454/9 | €5,538 | - | -€5,538 | |
| Other amounts payable | 47/48 | €14,359 | - | -€14,359 | |
| Accrued charges and deferred income | 492/3 | €4,151 | €3,326 | -€825 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,355 | €22,101 | -€254 | -1.1% |
| Other operating charges | 640/8 | €4,757 | €3,653 | -€1,105 | -23.2% |
| Gross operating margin | 9900 | €181,547 | €125,091 | -€56,456 | -31.1% |
| Operating profit (loss) | 9901 | €154,435 | €99,338 | -€55,097 | -35.7% |
| Financial income | 75/76B | €8,651 | €4,413 | -€4,238 | -49.0% |
| Recurring financial income | 75 | €8,651 | €4,413 | -€4,238 | -49.0% |
| Financial charges | 65/66B | €1,925 | €835 | -€1,090 | -56.6% |
| Recurring financial charges | 65 | €1,925 | €835 | -€1,090 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €161,161 | €102,916 | -€58,245 | -36.1% |
| Income taxes | 67/77 | €49,840 | €34,450 | -€15,391 | -30.9% |
| Profit (loss) for the period | 9904 | €111,321 | €68,467 | -€42,854 | -38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,321 | €68,467 | -€42,854 | -38.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.