DEGESTEN: 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.
DEGESTEN
Largest movements
- Cash -€53,036
down €53,036 (-37.4%), from €141,859 to €88,823
mainly Investment in fixed assets (net) (-€53,916) and Net result for the year (-€26,931)
- Tangible fixed assets +€14,464
up €14,464 (+7.1%), from €204,254 to €218,719
of which Plant, machinery and equipment: +€23,761
- Profit (loss) carried forward -€26,931
down €26,931 (-31.4%), from -€85,688 to -€112,618
- Trade debts -€6,663
down €6,663 (-89.3%), from €7,461 to €798
- Investment grants -€5,596
down €5,596 (-17.0%), from €32,959 to €27,363
- Depreciation +€9,301
up €9,301 (+30.8%), from €30,150 to €39,451
- Gross operating margin -€7,065
down €7,065 (-48.5%), from €14,578 to €7,513
- Financial income -€164
down €164 (-2.9%), from €5,761 to €5,596
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 | €356,254 | €316,443 | -€39,811 | -11.2% |
| Fixed assets | 21/28 | €204,254 | €218,719 | +€14,464 | +7.1% |
| Tangible fixed assets | 22/27 | €204,254 | €218,719 | +€14,464 | +7.1% |
| Plant, machinery and equipment | 23 | €177,741 | €201,501 | +€23,761 | +13.4% |
| Furniture and vehicles | 24 | €26,513 | €17,217 | -€9,296 | -35.1% |
| Current assets | 29/58 | €152,000 | €97,724 | -€54,276 | -35.7% |
| Amounts receivable within one year | 40/41 | €9,769 | €8,515 | -€1,254 | -12.8% |
| Trade receivables | 40 | €9,769 | €8,515 | -€1,254 | -12.8% |
| Cash at bank and in hand | 54/58 | €141,859 | €88,823 | -€53,036 | -37.4% |
| Deferred charges and accrued income | 490/1 | €372 | €386 | +€14 | +3.7% |
| Total equity and liabilities | 10/49 | €356,254 | €316,443 | -€39,811 | -11.2% |
| Equity | 10/15 | €334,412 | €301,885 | -€32,527 | -9.7% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €15,300 | €15,300 | = | 0.0% |
| Distributable reserves | 133 | €15,300 | €15,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,688 | -€112,618 | -€26,931 | -31.4% |
| Investment grants | 15 | €32,959 | €27,363 | -€5,596 | -17.0% |
| Amounts payable | 17/49 | €21,843 | €14,558 | -€7,285 | -33.4% |
| Amounts payable within one year | 42/48 | €21,843 | €14,558 | -€7,285 | -33.4% |
| Trade debts | 44 | €7,461 | €798 | -€6,663 | -89.3% |
| Suppliers | 440/4 | €7,461 | €798 | -€6,663 | -89.3% |
| Taxes, remuneration and social security | 45 | €2,127 | €1,073 | -€1,054 | -49.6% |
| Taxes | 450/3 | €2,127 | €1,073 | -€1,054 | -49.6% |
| Other amounts payable | 47/48 | €12,255 | €12,687 | +€432 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,150 | €39,451 | +€9,301 | +30.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,578 | €7,513 | -€7,065 | -48.5% |
| Operating profit (loss) | 9901 | -€15,960 | -€32,339 | -€16,379 | -102.6% |
| Financial income | 75/76B | €5,761 | €5,596 | -€164 | -2.9% |
| Recurring financial income | 75 | €5,761 | €5,596 | -€164 | -2.9% |
| Financial charges | 65/66B | €161 | €189 | +€27 | +17.0% |
| Recurring financial charges | 65 | €161 | €189 | +€27 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,360 | -€26,931 | -€16,570 | -159.9% |
| Profit (loss) for the period | 9904 | -€10,360 | -€26,931 | -€16,570 | -159.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,360 | -€26,931 | -€16,570 | -159.9% |
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 5 October 2026 via checked.be.