DEGETEC: 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.
DEGETEC
Largest movements
- Stocks and contracts -€169,009
down €169,009 (-100.0%), from €169,009 to €0
- Cash -€92,277
down €92,277 (-32.2%), from €286,641 to €194,364
mainly Contributions, distributions and other (-€385,399) and Debts after one year (-€34,191)
- Tangible fixed assets -€65,209
down €65,209 (-20.7%), from €315,319 to €250,110
of which Furniture and vehicles: -€38,755
- Receivables within one year -€31,762
down €31,762 (-46.8%), from €67,867 to €36,106
of which Trade receivables: -€49,575
- Reserves -€161,676
down €161,676 (-62.8%), from €257,360 to €95,684
of which Distributable reserves: -€160,314
- Profit (loss) carried forward -€149,315
down €149,315 (-73.2%), from €203,982 to €54,667
- Other debts +€46,752
up €46,752 (+44.0%), from €106,221 to €152,973
- Debts after one year -€34,191
down €34,191 (-23.6%), from €145,055 to €110,864
- Current portion of long-term debt -€21,147
down €21,147 (-38.2%), from €55,339 to €34,191
- Gross operating margin -€198,810
down €198,810 (-40.8%), from €487,488 to €288,678
- Staff costs -€106,698
down €106,698 (-39.3%), from €271,435 to €164,737
- Write-downs -€63,169
down €63,169, from €56,663 to -€6,505
- Depreciation -€20,994
down €20,994 (-37.3%), from €56,257 to €35,263
- Taxes -€10,267
down €10,267 (-30.3%), from €33,921 to €23,654
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 | €846,259 | €494,939 | -€351,320 | -41.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €315,579 | €250,370 | -€65,209 | -20.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €315,319 | €250,110 | -€65,209 | -20.7% |
| Land and buildings | 22 | €213,207 | €203,431 | -€9,776 | -4.6% |
| Plant, machinery and equipment | 23 | €29,870 | €13,192 | -€16,678 | -55.8% |
| Furniture and vehicles | 24 | €72,242 | €33,488 | -€38,755 | -53.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €530,680 | €244,569 | -€286,111 | -53.9% |
| Stocks and contracts in progress | 3 | €169,009 | €0 | -€169,009 | -100.0% |
| Stocks | 30/36 | €169,009 | - | -€169,009 | |
| Amounts receivable within one year | 40/41 | €67,867 | €36,106 | -€31,762 | -46.8% |
| Trade receivables | 40 | €67,867 | €18,292 | -€49,575 | -73.0% |
| Other amounts receivable | 41 | €0 | €17,814 | +€17,814 | |
| Cash at bank and in hand | 54/58 | €286,641 | €194,364 | -€92,277 | -32.2% |
| Deferred charges and accrued income | 490/1 | €7,163 | €14,100 | +€6,937 | +96.8% |
| Total equity and liabilities | 10/49 | €846,259 | €494,939 | -€351,320 | -41.5% |
| Equity | 10/15 | €490,492 | €169,674 | -€320,818 | -65.4% |
| Contributions | 10/11 | €12,400 | €3,323 | -€9,077 | -73.2% |
| Reserves | 13 | €257,360 | €95,684 | -€161,676 | -62.8% |
| Non-distributable reserves | 130/1 | €1,860 | €498 | -€1,362 | -73.2% |
| Reserves not available under the articles | 1311 | €1,860 | €498 | -€1,362 | -73.2% |
| Distributable reserves | 133 | €255,500 | €95,186 | -€160,314 | -62.7% |
| Profit (loss) carried forward | 14 | €203,982 | €54,667 | -€149,315 | -73.2% |
| Investment grants | 15 | €16,750 | €16,000 | -€750 | -4.5% |
| Amounts payable | 17/49 | €355,767 | €325,265 | -€30,502 | -8.6% |
| Amounts payable after more than one year | 17 | €145,055 | €110,864 | -€34,191 | -23.6% |
| Financial debts | 170/4 | €145,055 | €110,864 | -€34,191 | -23.6% |
| Amounts payable within one year | 42/48 | €210,712 | €214,401 | +€3,689 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €55,339 | €34,191 | -€21,147 | -38.2% |
| Trade debts | 44 | €13,416 | €0 | -€13,416 | -100.0% |
| Suppliers | 440/4 | €13,416 | - | -€13,416 | |
| Taxes, remuneration and social security | 45 | €35,736 | €27,237 | -€8,499 | -23.8% |
| Taxes | 450/3 | €29,223 | €21,476 | -€7,747 | -26.5% |
| Remuneration and social security | 454/9 | €6,514 | €5,761 | -€753 | -11.6% |
| Other amounts payable | 47/48 | €106,221 | €152,973 | +€46,752 | +44.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €271,435 | €164,737 | -€106,698 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,257 | €35,263 | -€20,994 | -37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €56,663 | -€6,505 | -€63,169 | |
| Other operating charges | 640/8 | €7,154 | €6,375 | -€779 | -10.9% |
| Gross operating margin | 9900 | €487,488 | €288,678 | -€198,810 | -40.8% |
| Operating profit (loss) | 9901 | €95,979 | €88,809 | -€7,170 | -7.5% |
| Financial income | 75/76B | €5,060 | €4,564 | -€496 | -9.8% |
| Recurring financial income | 75 | €5,060 | €4,564 | -€496 | -9.8% |
| Financial charges | 65/66B | €6,443 | €5,137 | -€1,306 | -20.3% |
| Recurring financial charges | 65 | €6,443 | €5,137 | -€1,306 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €94,596 | €88,235 | -€6,360 | -6.7% |
| Income taxes | 67/77 | €33,921 | €23,654 | -€10,267 | -30.3% |
| Profit (loss) for the period | 9904 | €60,675 | €64,581 | +€3,906 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,675 | €64,581 | +€3,906 | +6.4% |
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 29 September 2026 via checked.be.