DEGENS JO: 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.
DEGENS JO
Largest movements
- Receivables within one year +€73,035
up €73,035 (+54.2%), from €134,838 to €207,873
of which Other amounts receivable: +€69,869
- Cash -€44,113
down €44,113 (-21.9%), from €201,348 to €157,235
mainly Trade debts (-€89,840) and Receivables within one year (-€73,035)
- Tangible fixed assets -€27,786
down €27,786 (-33.3%), from €83,401 to €55,615
of which Other tangible fixed assets: -€22,119
- Trade debts -€89,840
down €89,840 (-50.2%), from €179,059 to €89,218
- Profit (loss) carried forward +€65,825
up €65,825 (+30.6%), from €215,264 to €281,088
- Tax, wage and social debts +€26,511
up €26,511 (+50.2%), from €52,791 to €79,301
of which Taxes: +€29,818
- Gross operating margin +€27,044
up €27,044 (+6.0%), from €450,233 to €477,277
- Taxes +€13,169
up €13,169 (+117%), from €11,263 to €24,432
- Staff costs -€9,071
down €9,071 (-2.5%), from €363,193 to €354,122
- Other operating charges -€6,848
down €6,848 (-75.8%), from €9,032 to €2,184
- Depreciation -€5,938
down €5,938 (-17.6%), from €33,724 to €27,786
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 | €931,640 | €929,082 | -€2,558 | -0.3% |
| Fixed assets | 21/28 | €83,401 | €55,615 | -€27,786 | -33.3% |
| Tangible fixed assets | 22/27 | €83,401 | €55,615 | -€27,786 | -33.3% |
| Plant, machinery and equipment | 23 | €1,581 | €197 | -€1,384 | -87.5% |
| Furniture and vehicles | 24 | €8,320 | €4,037 | -€4,283 | -51.5% |
| Other tangible fixed assets | 26 | €73,500 | €51,381 | -€22,119 | -30.1% |
| Current assets | 29/58 | €848,239 | €873,467 | +€25,228 | +3.0% |
| Stocks and contracts in progress | 3 | €510,001 | €506,870 | -€3,131 | -0.6% |
| Stocks | 30/36 | €510,001 | €506,870 | -€3,131 | -0.6% |
| Amounts receivable within one year | 40/41 | €134,838 | €207,873 | +€73,035 | +54.2% |
| Trade receivables | 40 | €45,653 | €48,819 | +€3,166 | +6.9% |
| Other amounts receivable | 41 | €89,185 | €159,054 | +€69,869 | +78.3% |
| Cash at bank and in hand | 54/58 | €201,348 | €157,235 | -€44,113 | -21.9% |
| Deferred charges and accrued income | 490/1 | €2,052 | €1,489 | -€563 | -27.4% |
| Total equity and liabilities | 10/49 | €931,640 | €929,082 | -€2,558 | -0.3% |
| Equity | 10/15 | €660,417 | €726,241 | +€65,825 | +10.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €295,153 | €295,153 | = | 0.0% |
| Distributable reserves | 133 | €295,153 | €295,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,264 | €281,088 | +€65,825 | +30.6% |
| Amounts payable | 17/49 | €271,223 | €202,840 | -€68,383 | -25.2% |
| Amounts payable after more than one year | 17 | €12,282 | €6,125 | -€6,157 | -50.1% |
| Financial debts | 170/4 | €12,282 | €6,125 | -€6,157 | -50.1% |
| Amounts payable within one year | 42/48 | €248,212 | €179,583 | -€68,629 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €16,194 | €9,658 | -€6,536 | -40.4% |
| Trade debts | 44 | €179,059 | €89,218 | -€89,840 | -50.2% |
| Suppliers | 440/4 | €179,059 | €89,218 | -€89,840 | -50.2% |
| Taxes, remuneration and social security | 45 | €52,791 | €79,301 | +€26,511 | +50.2% |
| Taxes | 450/3 | €2,501 | €32,319 | +€29,818 | +1,192% |
| Remuneration and social security | 454/9 | €50,290 | €46,982 | -€3,308 | -6.6% |
| Other amounts payable | 47/48 | €168 | €1,405 | +€1,237 | +735% |
| Accrued charges and deferred income | 492/3 | €10,728 | €17,133 | +€6,404 | +59.7% |
| Remuneration, social security and pensions | 62 | €363,193 | €354,122 | -€9,071 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,724 | €27,786 | -€5,938 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,032 | €2,184 | -€6,848 | -75.8% |
| Non-recurring operating charges | 66A | €27 | €0 | -€27 | -100% |
| Gross operating margin | 9900 | €450,233 | €477,277 | +€27,044 | +6.0% |
| Operating profit (loss) | 9901 | €44,258 | €93,185 | +€48,928 | +111% |
| Financial income | 75/76B | €3,844 | €5,425 | +€1,582 | +41.2% |
| Recurring financial income | 75 | €3,844 | €5,425 | +€1,582 | +41.2% |
| Financial charges | 65/66B | €10,364 | €8,354 | -€2,010 | -19.4% |
| Recurring financial charges | 65 | €10,364 | €8,354 | -€2,010 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €37,737 | €90,256 | +€52,519 | +139% |
| Income taxes | 67/77 | €11,263 | €24,432 | +€13,169 | +117% |
| Profit (loss) for the period | 9904 | €26,474 | €65,825 | +€39,350 | +149% |
| Profit (loss) for the period to be appropriated | 9905 | €26,474 | €65,825 | +€39,350 | +149% |
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 15 October 2026 via checked.be.