Degels Transal: what changed
Degels Transal
Largest movements
- Tangible fixed assets -€118,059
down €118,059 (-45.0%), from €262,329 to €144,270
of which Leasing and similar rights: -€98,137
- Receivables within one year +€54,447
up €54,447 (+27.1%), from €200,677 to €255,123
of which Trade receivables: +€66,285
- Deferred charges and accrued income +€17,470
up €17,470 (+72.6%), from €24,059 to €41,528
- Cash -€16,843
down €16,843 (-71.1%), from €23,684 to €6,841
mainly Debts after one year (-€72,942) and Receivables within one year (-€54,447)
- Debts after one year -€72,942
down €72,942 (-51.7%), from €141,176 to €68,235
- Trade debts +€35,897
up €35,897 (+252%), from €14,252 to €50,149
- Reserves -€22,295
down €22,295 (-8.8%), from €252,978 to €230,683
of which Distributable reserves: -€22,295
- Gross operating margin -€60,434
down €60,434 (-20.3%), from €298,295 to €237,861
- Staff costs -€29,103
down €29,103 (-17.9%), from €162,518 to €133,414
- Depreciation -€3,325
down €3,325 (-2.7%), from €122,999 to €119,674
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €511,154 | €448,168 | -€62,986 | -12.3% |
| Fixed assets | 21/28 | €262,734 | €144,675 | -€118,059 | -44.9% |
| Tangible fixed assets | 22/27 | €262,329 | €144,270 | -€118,059 | -45.0% |
| Plant, machinery and equipment | 23 | €11,069 | €0 | -€11,069 | -100% |
| Furniture and vehicles | 24 | €13,806 | €4,953 | -€8,854 | -64.1% |
| Leasing and similar rights | 25 | €237,454 | €139,317 | -€98,137 | -41.3% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €248,420 | €303,493 | +€55,073 | +22.2% |
| Amounts receivable within one year | 40/41 | €200,677 | €255,123 | +€54,447 | +27.1% |
| Trade receivables | 40 | €184,845 | €251,130 | +€66,285 | +35.9% |
| Other amounts receivable | 41 | €15,831 | €3,993 | -€11,838 | -74.8% |
| Cash at bank and in hand | 54/58 | €23,684 | €6,841 | -€16,843 | -71.1% |
| Deferred charges and accrued income | 490/1 | €24,059 | €41,528 | +€17,470 | +72.6% |
| Total equity and liabilities | 10/49 | €511,154 | €448,168 | -€62,986 | -12.3% |
| Equity | 10/15 | €271,678 | €249,283 | -€22,395 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,978 | €230,683 | -€22,295 | -8.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €81,618 | €81,618 | = | 0.0% |
| Distributable reserves | 133 | €171,360 | €149,066 | -€22,295 | -13.0% |
| Profit (loss) carried forward | 14 | €100 | €0 | -€100 | -100% |
| Amounts payable | 17/49 | €239,476 | €198,884 | -€40,591 | -17.0% |
| Amounts payable after more than one year | 17 | €141,176 | €68,235 | -€72,942 | -51.7% |
| Financial debts | 170/4 | €141,176 | €68,235 | -€72,942 | -51.7% |
| Amounts payable within one year | 42/48 | €98,299 | €130,650 | +€32,350 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €74,458 | €72,942 | -€1,516 | -2.0% |
| Trade debts | 44 | €14,252 | €50,149 | +€35,897 | +252% |
| Suppliers | 440/4 | €14,252 | €50,149 | +€35,897 | +252% |
| Taxes, remuneration and social security | 45 | €9,344 | €7,313 | -€2,031 | -21.7% |
| Taxes | 450/3 | €2,507 | €4,267 | +€1,760 | +70.2% |
| Remuneration and social security | 454/9 | €6,837 | €3,046 | -€3,791 | -55.4% |
| Other amounts payable | 47/48 | €246 | €246 | = | 0.0% |
| Non-recurring operating income | 76A | €15,500 | €0 | -€15,500 | -100% |
| Remuneration, social security and pensions | 62 | €162,518 | €133,414 | -€29,103 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,999 | €119,674 | -€3,325 | -2.7% |
| Other operating charges | 640/8 | €1,766 | €1,656 | -€111 | -6.3% |
| Gross operating margin | 9900 | €298,295 | €237,861 | -€60,434 | -20.3% |
| Operating profit (loss) | 9901 | €11,012 | -€16,883 | -€27,895 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,530 | €5,512 | -€2,018 | -26.8% |
| Recurring financial charges | 65 | €7,530 | €5,512 | -€2,018 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €3,481 | -€22,395 | -€25,876 | |
| Income taxes | 67/77 | €830 | €0 | -€830 | -100% |
| Profit (loss) for the period | 9904 | €2,652 | -€22,395 | -€25,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,652 | -€22,395 | -€25,046 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.