Degetex: 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.
Degetex
Largest movements
- Receivables within one year -€41,694
down €41,694 (-9.5%), from €439,362 to €397,668
of which Other amounts receivable: -€126,016
- Stocks and contracts +€25,683
up €25,683 (+2.1%), from €1.2m to €1.2m
- Deferred charges and accrued income -€20,770
no longer reported in 2024 (was €20,770)
- Other debts -€122,975
down €122,975 (-35.4%), from €346,922 to €223,948
- Trade debts +€70,447
up €70,447 (+75.6%), from €93,157 to €163,604
- Short-term financial debts -€50,000
down €50,000 (-7.8%), from €640,000 to €590,000
- Reserves +€49,500
up €49,500 (+10.5%), from €473,023 to €522,522
of which Distributable reserves: +€49,500
- Tax, wage and social debts +€31,689
up €31,689 (+142.7%), from €22,205 to €53,894
of which Taxes: +€27,437
- Financial charges -€74,714
down €74,714 (-47.7%), from €156,648 to €81,934
- Taxes -€50,133
down €50,133 (-72.9%), from €68,799 to €18,665
- Gross operating margin -€39,386
down €39,386 (-15.8%), from €248,547 to €209,161
- Financial income -€21,803
down €21,803 (-79.1%), from €27,561 to €5,758
- Staff costs +€19,355
up €19,355 (+45.4%), from €42,640 to €61,996
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,722,919 | €1,689,826 | -€33,093 | -1.9% |
| Fixed assets | 21/28 | €4,492 | €3,832 | -€660 | -14.7% |
| Tangible fixed assets | 22/27 | €4,492 | €3,832 | -€660 | -14.7% |
| Plant, machinery and equipment | 23 | €4,492 | €3,832 | -€660 | -14.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,718,428 | €1,685,994 | -€32,434 | -1.9% |
| Stocks and contracts in progress | 3 | €1,201,392 | €1,227,074 | +€25,683 | +2.1% |
| Stocks | 30/36 | €1,201,392 | €1,227,074 | +€25,683 | +2.1% |
| Amounts receivable within one year | 40/41 | €439,362 | €397,668 | -€41,694 | -9.5% |
| Trade receivables | 40 | €50,155 | €134,477 | +€84,322 | +168.1% |
| Other amounts receivable | 41 | €389,207 | €263,191 | -€126,016 | -32.4% |
| Cash at bank and in hand | 54/58 | €56,904 | €61,252 | +€4,348 | +7.6% |
| Deferred charges and accrued income | 490/1 | €20,770 | - | -€20,770 | |
| Total equity and liabilities | 10/49 | €1,722,919 | €1,689,826 | -€33,093 | -1.9% |
| Equity | 10/15 | €492,023 | €541,522 | +€49,500 | +10.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €473,023 | €522,522 | +€49,500 | +10.5% |
| Non-distributable reserves | 130/1 | €193 | €193 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €193 | +€193 | |
| Own shares acquired | 1312 | €193 | - | -€193 | |
| Tax-exempt reserves | 132 | €6,082 | €6,082 | = | 0.0% |
| Distributable reserves | 133 | €466,748 | €516,247 | +€49,500 | +10.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,230,897 | €1,148,304 | -€82,593 | -6.7% |
| Amounts payable after more than one year | 17 | €80,420 | €51,629 | -€28,790 | -35.8% |
| Financial debts | 170/4 | €80,420 | €51,629 | -€28,790 | -35.8% |
| Amounts payable within one year | 42/48 | €1,142,427 | €1,096,674 | -€45,753 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €40,143 | €65,229 | +€25,086 | +62.5% |
| Financial debts | 43 | €640,000 | €590,000 | -€50,000 | -7.8% |
| Credit institutions | 430/8 | €640,000 | €590,000 | -€50,000 | -7.8% |
| Trade debts | 44 | €93,157 | €163,604 | +€70,447 | +75.6% |
| Suppliers | 440/4 | €93,157 | €163,604 | +€70,447 | +75.6% |
| Taxes, remuneration and social security | 45 | €22,205 | €53,894 | +€31,689 | +142.7% |
| Taxes | 450/3 | €20,289 | €47,726 | +€27,437 | +135.2% |
| Remuneration and social security | 454/9 | €1,916 | €6,168 | +€4,252 | +222.0% |
| Other amounts payable | 47/48 | €346,922 | €223,948 | -€122,975 | -35.4% |
| Accrued charges and deferred income | 492/3 | €8,050 | - | -€8,050 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,640 | €61,996 | +€19,355 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,353 | €660 | -€693 | -51.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,150 | €2,165 | -€985 | -31.3% |
| Gross operating margin | 9900 | €248,547 | €209,161 | -€39,386 | -15.8% |
| Operating profit (loss) | 9901 | €201,404 | €144,340 | -€57,064 | -28.3% |
| Financial income | 75/76B | €27,561 | €5,758 | -€21,803 | -79.1% |
| Recurring financial income | 75 | €27,561 | €5,758 | -€21,803 | -79.1% |
| Financial charges | 65/66B | €156,648 | €81,934 | -€74,714 | -47.7% |
| Recurring financial charges | 65 | €156,648 | €81,934 | -€74,714 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €72,318 | €68,165 | -€4,153 | -5.7% |
| Income taxes | 67/77 | €68,799 | €18,665 | -€50,133 | -72.9% |
| Profit (loss) for the period | 9904 | €3,519 | €49,500 | +€45,981 | +1306.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,519 | €49,500 | +€45,981 | +1306.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.