DEGEMA: 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.
DEGEMA
Largest movements
- Cash +€53,542
up €53,542 (+59.4%), from €90,098 to €143,640
mainly Receivables within one year (+€42,500) and Net result for the year (+€33,598)
- Receivables within one year -€42,500
down €42,500 (-100.0%), from €42,500 to €0
of which Trade receivables: -€41,004
- Deferred charges and accrued income -€2,243
down €2,243 (-56.5%), from €3,969 to €1,726
- Tax, wage and social debts -€32,732
down €32,732 (-68.4%), from €47,824 to €15,092
of which Remuneration and social security: -€47,824
- Profit (loss) carried forward +€23,598
up €23,598 (+49.5%), from -€47,661 to -€24,064
- Reserves +€10,000
up €10,000 (+17.2%), from €58,082 to €68,082
of which Distributable reserves: +€10,000
- Trade debts +€5,745
up €5,745 (+19.6%), from €29,351 to €35,096
- Gross operating margin +€171,927
up €171,927 (+37.8%), from €454,865 to €626,793
- Staff costs +€140,583
up €140,583 (+32.6%), from €431,489 to €572,072
- Taxes +€13,142
up €13,142 (+617.2%), from €2,129 to €15,271
- Depreciation -€7,132
down €7,132 (-64.2%), from €11,114 to €3,982
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 | €152,976 | €160,293 | +€7,318 | +4.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €16,410 | €14,928 | -€1,482 | -9.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €14,687 | €13,205 | -€1,482 | -10.1% |
| Plant, machinery and equipment | 23 | €11,529 | €11,711 | +€182 | +1.6% |
| Furniture and vehicles | 24 | €3,158 | €1,494 | -€1,664 | -52.7% |
| Financial fixed assets | 28 | €1,723 | €1,723 | = | 0.0% |
| Current assets | 29/58 | €136,566 | €145,365 | +€8,799 | +6.4% |
| Amounts receivable within one year | 40/41 | €42,500 | €0 | -€42,500 | -100.0% |
| Trade receivables | 40 | €41,004 | €0 | -€41,004 | -100.0% |
| Other amounts receivable | 41 | €1,496 | €0 | -€1,496 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €90,098 | €143,640 | +€53,542 | +59.4% |
| Deferred charges and accrued income | 490/1 | €3,969 | €1,726 | -€2,243 | -56.5% |
| Total equity and liabilities | 10/49 | €152,976 | €160,293 | +€7,318 | +4.8% |
| Equity | 10/15 | €74,704 | €108,301 | +€33,598 | +45.0% |
| Contributions | 10/11 | €64,283 | €64,283 | = | 0.0% |
| Capital | 10 | €64,283 | €64,283 | = | 0.0% |
| Issued capital | 100 | €64,283 | €64,283 | = | 0.0% |
| Reserves | 13 | €58,082 | €68,082 | +€10,000 | +17.2% |
| Non-distributable reserves | 130/1 | €6,428 | €6,428 | = | 0.0% |
| Legal reserve | 130 | €6,428 | €6,428 | = | 0.0% |
| Distributable reserves | 133 | €51,654 | €61,654 | +€10,000 | +19.4% |
| Profit (loss) carried forward | 14 | -€47,661 | -€24,064 | +€23,598 | +49.5% |
| Amounts payable | 17/49 | €78,272 | €51,992 | -€26,280 | -33.6% |
| Amounts payable within one year | 42/48 | €78,272 | €51,992 | -€26,280 | -33.6% |
| Trade debts | 44 | €29,351 | €35,096 | +€5,745 | +19.6% |
| Suppliers | 440/4 | €29,351 | €35,096 | +€5,745 | +19.6% |
| Taxes, remuneration and social security | 45 | €47,824 | €15,092 | -€32,732 | -68.4% |
| Taxes | 450/3 | €0 | €15,092 | +€15,092 | |
| Remuneration and social security | 454/9 | €47,824 | €0 | -€47,824 | -100.0% |
| Other amounts payable | 47/48 | €1,097 | €1,804 | +€707 | +64.4% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €431,489 | €572,072 | +€140,583 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,114 | €3,982 | -€7,132 | -64.2% |
| Other operating charges | 640/8 | €1,078 | €1,188 | +€110 | +10.2% |
| Gross operating margin | 9900 | €454,865 | €626,793 | +€171,927 | +37.8% |
| Operating profit (loss) | 9901 | €11,185 | €49,551 | +€38,366 | +343.0% |
| Financial income | 75/76B | €740 | €489 | -€251 | -34.0% |
| Recurring financial income | 75 | €740 | €489 | -€251 | -34.0% |
| Financial charges | 65/66B | €765 | €1,171 | +€406 | +53.1% |
| Recurring financial charges | 65 | €765 | €1,171 | +€406 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €11,160 | €48,869 | +€37,709 | +337.9% |
| Income taxes | 67/77 | €2,129 | €15,271 | +€13,142 | +617.2% |
| Profit (loss) for the period | 9904 | €9,030 | €33,598 | +€24,567 | +272.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,030 | €33,598 | +€24,567 | +272.1% |
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 10 October 2026 via checked.be.