DEGELIN: 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.
DEGELIN
Largest movements
- Receivables within one year +€22,790
up €22,790 (+29.3%), from €77,666 to €100,456
of which Trade receivables: +€16,581
- Tangible fixed assets -€22,179
down €22,179 (-3.5%), from €627,827 to €605,648
of which Land and buildings: -€21,231
- Reserves +€36,600
up €36,600 (+21.0%), from €174,022 to €210,623
of which Distributable reserves: +€37,575
- Debts after one year -€32,954
down €32,954 (-6.8%), from €482,485 to €449,531
- Trade debts -€13,211
down €13,211 (-53.4%), from €24,750 to €11,540
- Tax, wage and social debts +€9,702
up €9,702 (+37.5%), from €25,841 to €35,543
of which Taxes: +€9,702
- Gross operating margin +€34,602
up €34,602 (+49.4%), from €70,060 to €104,662
- Taxes +€5,799
up €5,799 (+42.0%), from €13,800 to €19,599
- Financial charges -€2,095
down €2,095 (-14.6%), from €14,351 to €12,257
- Staff costs -€1,834
no longer reported in 2025 (was €1,834)
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 | €760,243 | €761,813 | +€1,570 | +0.2% |
| Fixed assets | 21/28 | €627,827 | €605,678 | -€22,149 | -3.5% |
| Tangible fixed assets | 22/27 | €627,827 | €605,648 | -€22,179 | -3.5% |
| Land and buildings | 22 | €623,754 | €602,522 | -€21,231 | -3.4% |
| Plant, machinery and equipment | 23 | €1,772 | €1,542 | -€229 | -12.9% |
| Furniture and vehicles | 24 | €2,142 | €1,583 | -€558 | -26.1% |
| Other tangible fixed assets | 26 | €160 | - | -€160 | |
| Financial fixed assets | 28 | - | €30 | +€30 | |
| Current assets | 29/58 | €132,416 | €156,135 | +€23,719 | +17.9% |
| Amounts receivable within one year | 40/41 | €77,666 | €100,456 | +€22,790 | +29.3% |
| Trade receivables | 40 | €56,196 | €72,777 | +€16,581 | +29.5% |
| Other amounts receivable | 41 | €21,470 | €27,679 | +€6,209 | +28.9% |
| Cash at bank and in hand | 54/58 | €54,750 | €54,961 | +€211 | +0.4% |
| Deferred charges and accrued income | 490/1 | - | €718 | +€718 | |
| Total equity and liabilities | 10/49 | €760,243 | €761,813 | +€1,570 | +0.2% |
| Equity | 10/15 | €180,222 | €216,823 | +€36,600 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,022 | €210,623 | +€36,600 | +21.0% |
| Tax-exempt reserves | 132 | €29,208 | €28,233 | -€975 | -3.3% |
| Distributable reserves | 133 | €144,814 | €182,389 | +€37,575 | +25.9% |
| Provisions and deferred taxes | 16 | €9,736 | €9,411 | -€325 | -3.3% |
| Deferred taxes | 168 | €9,736 | €9,411 | -€325 | -3.3% |
| Amounts payable | 17/49 | €570,284 | €535,579 | -€34,705 | -6.1% |
| Amounts payable after more than one year | 17 | €482,485 | €449,531 | -€32,954 | -6.8% |
| Financial debts | 170/4 | €482,485 | €449,531 | -€32,954 | -6.8% |
| Amounts payable within one year | 42/48 | €83,999 | €86,048 | +€2,049 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €32,917 | €32,954 | +€38 | +0.1% |
| Financial debts | 43 | €492 | €6,011 | +€5,520 | +1,123% |
| Credit institutions | 430/8 | €492 | €6,011 | +€5,520 | +1,123% |
| Trade debts | 44 | €24,750 | €11,540 | -€13,211 | -53.4% |
| Suppliers | 440/4 | €24,750 | €11,540 | -€13,211 | -53.4% |
| Taxes, remuneration and social security | 45 | €25,841 | €35,543 | +€9,702 | +37.5% |
| Taxes | 450/3 | €24,070 | €33,772 | +€9,702 | +40.3% |
| Remuneration and social security | 454/9 | €1,771 | €1,771 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,800 | - | -€3,800 | |
| Remuneration, social security and pensions | 62 | €1,834 | - | -€1,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,261 | €22,179 | -€81 | -0.4% |
| Other operating charges | 640/8 | €6,446 | €7,042 | +€596 | +9.2% |
| Gross operating margin | 9900 | €70,060 | €104,662 | +€34,602 | +49.4% |
| Operating profit (loss) | 9901 | €39,519 | €75,441 | +€35,922 | +90.9% |
| Financial income | 75/76B | €986 | €19 | -€968 | -98.1% |
| Recurring financial income | 75 | €986 | €19 | -€968 | -98.1% |
| Financial charges | 65/66B | €14,351 | €12,257 | -€2,095 | -14.6% |
| Recurring financial charges | 65 | €14,351 | €12,257 | -€2,095 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €26,154 | €63,203 | +€37,049 | +142% |
| Transfer from deferred taxes | 780 | €975 | €325 | -€650 | -66.7% |
| Income taxes | 67/77 | €13,800 | €19,599 | +€5,799 | +42.0% |
| Profit (loss) for the period | 9904 | €13,330 | €43,929 | +€30,599 | +230% |
| Transfer from tax-exempt reserves | 789 | €41,870 | €975 | -€40,895 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,200 | €44,904 | -€10,295 | -18.7% |
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 24 October 2026 via checked.be.