DEGETEL Belgium: 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.
DEGETEL Belgium
Largest movements
- Cash -€167,441
down €167,441 (-17.7%), from €944,252 to €776,811
mainly Other debts (-€300,000) and Trade debts (-€49,878)
- Receivables within one year -€75,410
down €75,410 (-8.8%), from €861,482 to €786,072
of which Trade receivables: -€84,002
- Tangible fixed assets -€24,937
down €24,937 (-75.7%), from €32,946 to €8,009
- Other debts -€300,000
no longer reported in 2026 (was €300,000)
- Reserves +€93,991
up €93,991 (+13.1%), from €720,081 to €814,071
- Trade debts -€49,878
down €49,878 (-7.8%), from €637,489 to €587,611
- Gross operating margin -€505,944
down €505,944 (-40.2%), from €1.3m to €751,157
- Staff costs -€362,871
down €362,871 (-38.4%), from €946,113 to €583,242
- Taxes -€33,574
down €33,574 (-44.8%), from €74,884 to €41,311
- Depreciation -€33,231
down €33,231 (-57.1%), from €58,168 to €24,937
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,856,794 | €1,582,458 | -€274,336 | -14.8% |
| Fixed assets | 21/28 | €39,171 | €14,234 | -€24,937 | -63.7% |
| Tangible fixed assets | 22/27 | €32,946 | €8,009 | -€24,937 | -75.7% |
| Furniture and vehicles | 24 | €32,946 | €8,009 | -€24,937 | -75.7% |
| Financial fixed assets | 28 | €6,226 | €6,226 | = | 0.0% |
| Current assets | 29/58 | €1,817,623 | €1,568,224 | -€249,399 | -13.7% |
| Amounts receivable within one year | 40/41 | €861,482 | €786,072 | -€75,410 | -8.8% |
| Trade receivables | 40 | €836,366 | €752,364 | -€84,002 | -10.0% |
| Other amounts receivable | 41 | €25,116 | €33,708 | +€8,592 | +34.2% |
| Cash at bank and in hand | 54/58 | €944,252 | €776,811 | -€167,441 | -17.7% |
| Deferred charges and accrued income | 490/1 | €11,889 | €5,342 | -€6,548 | -55.1% |
| Total equity and liabilities | 10/49 | €1,856,794 | €1,582,458 | -€274,336 | -14.8% |
| Equity | 10/15 | €820,081 | €914,071 | +€93,991 | +11.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €720,081 | €814,071 | +€93,991 | +13.1% |
| Distributable reserves | 133 | €720,081 | €814,071 | +€93,991 | +13.1% |
| Amounts payable | 17/49 | €1,036,714 | €668,387 | -€368,327 | -35.5% |
| Amounts payable within one year | 42/48 | €1,035,214 | €668,387 | -€366,827 | -35.4% |
| Trade debts | 44 | €637,489 | €587,611 | -€49,878 | -7.8% |
| Suppliers | 440/4 | €637,489 | €587,611 | -€49,878 | -7.8% |
| Taxes, remuneration and social security | 45 | €97,725 | €80,776 | -€16,949 | -17.3% |
| Taxes | 450/3 | €35,747 | €35,793 | +€46 | +0.1% |
| Remuneration and social security | 454/9 | €61,979 | €44,984 | -€16,995 | -27.4% |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €946,113 | €583,242 | -€362,871 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,168 | €24,937 | -€33,231 | -57.1% |
| Other operating charges | 640/8 | €6,065 | €8,315 | +€2,250 | +37.1% |
| Gross operating margin | 9900 | €1,257,101 | €751,157 | -€505,944 | -40.2% |
| Operating profit (loss) | 9901 | €246,755 | €134,663 | -€112,092 | -45.4% |
| Financial income | 75/76B | €0 | €1,250 | +€1,250 | +12,503,700% |
| Recurring financial income | 75 | €0 | €1,250 | +€1,250 | +12,503,700% |
| Financial charges | 65/66B | €928 | €612 | -€316 | -34.0% |
| Recurring financial charges | 65 | €928 | €612 | -€316 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €245,827 | €135,301 | -€110,525 | -45.0% |
| Income taxes | 67/77 | €74,884 | €41,311 | -€33,574 | -44.8% |
| Profit (loss) for the period | 9904 | €170,942 | €93,991 | -€76,952 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,942 | €93,991 | -€76,952 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.