DEGERO PROJECTONTWIKKELING: what changed
Two fiscal 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.
What changed
DEGERO PROJECTONTWIKKELING
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,797
2024 · €23,700-€2,903
Equity
€489,837
2024 · €469,039+€20,797
Cash
€482,426
2024 · €517,636-€35,210
Balance sheet total
€7.0m
2024 · €7.2m-€211,744
Largest movements
Assets
- Stocks and contracts -€335,004
down €335,004 (-5.5%), from €6.1m to €5.7m
- Receivables within one year +€146,879
up €146,879 (+31.1%), from €472,342 to €619,221
of which Trade receivables: +€97,990
Equity and liabilities
- Advances received +€1.3m
up €1.3m (+32.6%), from €4.0m to €5.3m
- Short-term financial debts -€736,902
down €736,902 (-98.8%), from €745,515 to €8,613
- Debts after one year -€712,198
down €712,198 (-78.3%), from €909,547 to €197,349
of which Other amounts payable: -€713,681
Income statement
- Financial charges -€55,150
down €55,150 (-26.7%), from €206,247 to €151,097
- Staff costs +€42,493
up €42,493 (+15.8%), from €268,414 to €310,906
- Gross operating margin -€15,160
down €15,160 (-2.7%), from €555,900 to €540,740
- Depreciation +€5,775
up €5,775 (+17.0%), from €33,893 to €39,667
- Other operating charges -€5,691
down €5,691 (-60.3%), from €9,445 to €3,754
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.
Result 2024
€23,700
Gross operating margin
-€15,160
Staff costs
-€42,493
Depreciation
-€5,775
Other operating charges
+€5,691
Financial income
-€255
Financial charges
+€55,150
Taxes
-€62
Result 2025
€20,797
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.
From operations
+€1.5m
Investment
-€54,651
Financing
-€1.4m
Cash 2024
€517,636
From operations (derived)
+€1.5m
Net result for the year
+€20,797
Depreciation
+€39,667
Stocks and contracts
+€335,004
Receivables within one year
-€146,879
Deferred charges and accrued income
+€3,392
Trade debts
-€68,240
Tax, wage and social debts
-€27,046
Advances received
+€1.3m
Other debts
-€3,837
Investment (derived)
-€54,651
Investment in fixed assets (net)
-€54,651
Financing
-€1.4m
Debts after one year
-€712,198
Current portion of long-term debt
+€8,514
Short-term financial debts
-€736,902
Cash 2025
€482,426
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,195,706 | €6,983,963 | -€211,744 | -2.9% |
| Fixed assets | 21/28 | €68,989 | €83,973 | +€14,983 | +21.7% |
| Intangible fixed assets | 21 | - | €5,508 | +€5,508 | |
| Tangible fixed assets | 22/27 | €68,589 | €78,315 | +€9,726 | +14.2% |
| Plant, machinery and equipment | 23 | €3,207 | €5,442 | +€2,234 | +69.7% |
| Furniture and vehicles | 24 | €65,382 | €36,290 | -€29,092 | -44.5% |
| Leasing and similar rights | 25 | - | €36,583 | +€36,583 | |
| Financial fixed assets | 28 | €400 | €150 | -€250 | -62.5% |
| Current assets | 29/58 | €7,126,717 | €6,899,990 | -€226,727 | -3.2% |
| Stocks and contracts in progress | 3 | €6,080,313 | €5,745,309 | -€335,004 | -5.5% |
| Stocks | 30/36 | €6,080,313 | €5,745,309 | -€335,004 | -5.5% |
| Amounts receivable within one year | 40/41 | €472,342 | €619,221 | +€146,879 | +31.1% |
| Trade receivables | 40 | €325,184 | €423,174 | +€97,990 | +30.1% |
| Other amounts receivable | 41 | €147,158 | €196,047 | +€48,889 | +33.2% |
| Cash at bank and in hand | 54/58 | €517,636 | €482,426 | -€35,210 | -6.8% |
| Deferred charges and accrued income | 490/1 | €56,426 | €53,034 | -€3,392 | -6.0% |
| Total equity and liabilities | 10/49 | €7,195,706 | €6,983,963 | -€211,744 | -2.9% |
| Equity | 10/15 | €469,039 | €489,837 | +€20,797 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €450,439 | €471,237 | +€20,797 | +4.6% |
| Distributable reserves | 133 | €450,439 | €471,237 | +€20,797 | +4.6% |
| Amounts payable | 17/49 | €6,726,667 | €6,494,126 | -€232,541 | -3.5% |
| Amounts payable after more than one year | 17 | €909,547 | €197,349 | -€712,198 | -78.3% |
| Financial debts | 170/4 | €26,080 | €27,563 | +€1,483 | +5.7% |
| Other amounts payable | 178/9 | €883,467 | €169,786 | -€713,681 | -80.8% |
| Amounts payable within one year | 42/48 | €5,817,120 | €6,296,777 | +€479,657 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €24,730 | €33,243 | +€8,514 | +34.4% |
| Financial debts | 43 | €745,515 | €8,613 | -€736,902 | -98.8% |
| Credit institutions | 430/8 | €745,515 | €8,613 | -€736,902 | -98.8% |
| Trade debts | 44 | €875,734 | €807,494 | -€68,240 | -7.8% |
| Suppliers | 440/4 | €875,734 | €807,494 | -€68,240 | -7.8% |
| Advances received on contracts in progress | 46 | €4,011,297 | €5,318,464 | +€1.3m | +32.6% |
| Taxes, remuneration and social security | 45 | €150,750 | €123,704 | -€27,046 | -17.9% |
| Taxes | 450/3 | €115,880 | €94,645 | -€21,235 | -18.3% |
| Remuneration and social security | 454/9 | €34,870 | €29,059 | -€5,811 | -16.7% |
| Other amounts payable | 47/48 | €9,095 | €5,258 | -€3,837 | -42.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €268,414 | €310,906 | +€42,493 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,893 | €39,667 | +€5,775 | +17.0% |
| Other operating charges | 640/8 | €9,445 | €3,754 | -€5,691 | -60.3% |
| Gross operating margin | 9900 | €555,900 | €540,740 | -€15,160 | -2.7% |
| Operating profit (loss) | 9901 | €244,148 | €186,413 | -€57,736 | -23.6% |
| Financial income | 75/76B | €2,004 | €1,749 | -€255 | -12.7% |
| Recurring financial income | 75 | €2,004 | €1,749 | -€255 | -12.7% |
| Financial charges | 65/66B | €206,247 | €151,097 | -€55,150 | -26.7% |
| Recurring financial charges | 65 | €206,247 | €151,097 | -€55,150 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €39,906 | €37,065 | -€2,841 | -7.1% |
| Income taxes | 67/77 | €16,206 | €16,268 | +€62 | +0.4% |
| Profit (loss) for the period | 9904 | €23,700 | €20,797 | -€2,903 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,700 | €20,797 | -€2,903 | -12.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.