DEGES: 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.
DEGES
Largest movements
- Cash +€77,610
up €77,610 (+12.1%), from €639,735 to €717,345
mainly Depreciation (+€43,195) and Receivables within one year (+€23,674)
- Tangible fixed assets -€43,195
down €43,195 (-11.7%), from €368,553 to €325,358
of which Land and buildings: -€43,195
- Receivables within one year -€23,674
down €23,674 (-63.4%), from €37,336 to €13,662
of which Trade receivables: -€36,300
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€70,970
down €70,970 (-47.8%), from €148,599 to €77,629
- Depreciation -€14,254
down €14,254 (-24.8%), from €57,449 to €43,195
- Taxes -€10,617
down €10,617 (-70.6%), from €15,035 to €4,417
- Financial income +€4,109
up €4,109 (+216.4%), from €1,898 to €6,007
of which Financial income: +€3,834
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.
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 | €1,047,420 | €1,057,734 | +€10,314 | +1.0% |
| Fixed assets | 21/28 | €368,553 | €325,358 | -€43,195 | -11.7% |
| Tangible fixed assets | 22/27 | €368,553 | €325,358 | -€43,195 | -11.7% |
| Land and buildings | 22 | €368,553 | €325,358 | -€43,195 | -11.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €678,867 | €732,376 | +€53,509 | +7.9% |
| Amounts receivable within one year | 40/41 | €37,336 | €13,662 | -€23,674 | -63.4% |
| Trade receivables | 40 | €36,300 | - | -€36,300 | |
| Other amounts receivable | 41 | €1,036 | €13,662 | +€12,626 | +1219.2% |
| Cash at bank and in hand | 54/58 | €639,735 | €717,345 | +€77,610 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,797 | €1,370 | -€427 | -23.8% |
| Total equity and liabilities | 10/49 | €1,047,420 | €1,057,734 | +€10,314 | +1.0% |
| Equity | 10/15 | €1,038,084 | €1,048,148 | +€10,064 | +1.0% |
| Contributions | 10/11 | €267,000 | €267,000 | = | 0.0% |
| Capital | 10 | €267,000 | €267,000 | = | 0.0% |
| Issued capital | 100 | €267,000 | €267,000 | = | 0.0% |
| Reserves | 13 | €771,084 | €781,148 | +€10,064 | +1.3% |
| Non-distributable reserves | 130/1 | €26,700 | €26,700 | = | 0.0% |
| Legal reserve | 130 | €26,700 | €26,700 | = | 0.0% |
| Distributable reserves | 133 | €744,384 | €754,448 | +€10,064 | +1.4% |
| Amounts payable | 17/49 | €9,336 | €9,586 | +€250 | +2.7% |
| Amounts payable within one year | 42/48 | €9,166 | €9,416 | +€250 | +2.7% |
| Trade debts | 44 | €243 | €243 | = | 0.0% |
| Suppliers | 440/4 | €243 | €243 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €8,923 | €9,173 | +€250 | +2.8% |
| Accrued charges and deferred income | 492/3 | €170 | €170 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,449 | €43,195 | -€14,254 | -24.8% |
| Other operating charges | 640/8 | €24,460 | €25,470 | +€1,010 | +4.1% |
| Gross operating margin | 9900 | €148,599 | €77,629 | -€70,970 | -47.8% |
| Operating profit (loss) | 9901 | €66,691 | €8,964 | -€57,726 | -86.6% |
| Financial income | 75/76B | €1,898 | €6,007 | +€4,109 | +216.4% |
| Recurring financial income | 75 | €1,898 | €5,732 | +€3,834 | +201.9% |
| Non-recurring financial income | 76B | - | €275 | +€275 | |
| Financial charges | 65/66B | €600 | €490 | -€110 | -18.3% |
| Recurring financial charges | 65 | €600 | €490 | -€110 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €67,989 | €14,481 | -€53,508 | -78.7% |
| Income taxes | 67/77 | €15,035 | €4,417 | -€10,617 | -70.6% |
| Profit (loss) for the period | 9904 | €52,954 | €10,064 | -€42,890 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,954 | €10,064 | -€42,890 | -81.0% |
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 11 October 2026 via checked.be.