DEGETRA: 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.
DEGETRA
Largest movements
- Tangible fixed assets +€531,562
up €531,562 (+38.7%), from €1.4m to €1.9m
of which Leasing and similar rights: +€504,871
- Receivables within one year -€465,860
down €465,860 (-20.6%), from €2.3m to €1.8m
of which Trade receivables: -€465,063
- Cash +€76,818
up €76,818 (+144.9%), from €53,021 to €129,839
mainly Depreciation (+€562,548) and Receivables within one year (+€465,860)
- Trade debts -€542,450
down €542,450 (-37.6%), from €1.4m to €901,868
- Debts after one year +€210,153
up €210,153 (+19.2%), from €1.1m to €1.3m
- Reserves +€178,433
up €178,433 (+45.1%), from €395,467 to €573,900
of which Distributable reserves: +€134,400
- Other debts +€79,421
up €79,421 (+385.9%), from €20,579 to €100,000
- Short-term financial debts +€55,792
up €55,792 (+18.9%), from €295,000 to €350,792
- Gross operating margin +€358,874
up €358,874 (+17.4%), from €2.1m to €2.4m
- Staff costs +€156,233
up €156,233 (+13.8%), from €1.1m to €1.3m
- Depreciation +€122,228
up €122,228 (+27.8%), from €440,319 to €562,548
- Other operating charges +€28,731
up €28,731 (+20.0%), from €143,977 to €172,708
- Taxes +€26,393
up €26,393 (+138.8%), from €19,020 to €45,413
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 | €3,830,245 | €3,942,276 | +€112,031 | +2.9% |
| Fixed assets | 21/28 | €1,450,585 | €1,968,105 | +€517,520 | +35.7% |
| Tangible fixed assets | 22/27 | €1,373,465 | €1,905,027 | +€531,562 | +38.7% |
| Land and buildings | 22 | - | €253,330 | +€253,330 | |
| Plant, machinery and equipment | 23 | €32,223 | €22,261 | -€9,962 | -30.9% |
| Furniture and vehicles | 24 | €614,734 | €398,058 | -€216,676 | -35.2% |
| Leasing and similar rights | 25 | €726,508 | €1,231,379 | +€504,871 | +69.5% |
| Financial fixed assets | 28 | €77,120 | €63,078 | -€14,042 | -18.2% |
| Current assets | 29/58 | €2,379,660 | €1,974,170 | -€405,490 | -17.0% |
| Stocks and contracts in progress | 3 | €26,272 | €20,615 | -€5,657 | -21.5% |
| Stocks | 30/36 | €26,272 | €20,615 | -€5,657 | -21.5% |
| Amounts receivable within one year | 40/41 | €2,265,201 | €1,799,341 | -€465,860 | -20.6% |
| Trade receivables | 40 | €2,222,589 | €1,757,526 | -€465,063 | -20.9% |
| Other amounts receivable | 41 | €42,612 | €41,815 | -€797 | -1.9% |
| Cash at bank and in hand | 54/58 | €53,021 | €129,839 | +€76,818 | +144.9% |
| Deferred charges and accrued income | 490/1 | €35,167 | €24,376 | -€10,791 | -30.7% |
| Total equity and liabilities | 10/49 | €3,830,245 | €3,942,276 | +€112,031 | +2.9% |
| Equity | 10/15 | €443,478 | €650,840 | +€207,362 | +46.8% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €395,467 | €573,900 | +€178,433 | +45.1% |
| Non-distributable reserves | 130/1 | €3,400 | - | -€3,400 | |
| Reserves not available under the articles | 1311 | €3,400 | - | -€3,400 | |
| Tax-exempt reserves | 132 | €143,067 | €190,500 | +€47,433 | +33.2% |
| Distributable reserves | 133 | €249,000 | €383,400 | +€134,400 | +54.0% |
| Profit (loss) carried forward | 14 | €222 | €547 | +€325 | +146.5% |
| Investment grants | 15 | €10,289 | €38,893 | +€28,604 | +278.0% |
| Provisions and deferred taxes | 16 | - | €9,993 | +€9,993 | |
| Deferred taxes | 168 | - | €9,993 | +€9,993 | |
| Amounts payable | 17/49 | €3,386,767 | €3,281,443 | -€105,324 | -3.1% |
| Amounts payable after more than one year | 17 | €1,097,032 | €1,307,185 | +€210,153 | +19.2% |
| Financial debts | 170/4 | €1,097,032 | €1,307,185 | +€210,153 | +19.2% |
| Amounts payable within one year | 42/48 | €2,283,404 | €1,967,501 | -€315,904 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €425,198 | €472,560 | +€47,362 | +11.1% |
| Financial debts | 43 | €295,000 | €350,792 | +€55,792 | +18.9% |
| Credit institutions | 430/8 | €295,000 | €350,792 | +€55,792 | +18.9% |
| Trade debts | 44 | €1,444,318 | €901,868 | -€542,450 | -37.6% |
| Suppliers | 440/4 | €1,444,318 | €901,868 | -€542,450 | -37.6% |
| Taxes, remuneration and social security | 45 | €98,309 | €142,280 | +€43,972 | +44.7% |
| Taxes | 450/3 | €446 | €8,577 | +€8,131 | +1821.3% |
| Remuneration and social security | 454/9 | €97,862 | €133,704 | +€35,841 | +36.6% |
| Other amounts payable | 47/48 | €20,579 | €100,000 | +€79,421 | +385.9% |
| Accrued charges and deferred income | 492/3 | €6,331 | €6,757 | +€427 | +6.7% |
| Remuneration, social security and pensions | 62 | €1,135,206 | €1,291,439 | +€156,233 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440,319 | €562,548 | +€122,228 | +27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,485 | - | -€2,485 | |
| Other operating charges | 640/8 | €143,977 | €172,708 | +€28,731 | +20.0% |
| Gross operating margin | 9900 | €2,060,652 | €2,419,526 | +€358,874 | +17.4% |
| Operating profit (loss) | 9901 | €338,666 | €392,831 | +€54,165 | +16.0% |
| Financial income | 75/76B | €2,710 | €18,327 | +€15,616 | +576.2% |
| Recurring financial income | 75 | €2,710 | €18,327 | +€15,616 | +576.2% |
| Financial charges | 65/66B | €70,720 | €76,995 | +€6,275 | +8.9% |
| Recurring financial charges | 65 | €70,720 | €76,995 | +€6,275 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €270,656 | €334,163 | +€63,507 | +23.5% |
| Transfer to deferred taxes | 680 | - | €9,993 | +€9,993 | |
| Income taxes | 67/77 | €19,020 | €45,413 | +€26,393 | +138.8% |
| Profit (loss) for the period | 9904 | €251,636 | €278,758 | +€27,122 | +10.8% |
| Transfer to tax-exempt reserves | 689 | €143,067 | €47,433 | -€95,634 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,569 | €231,325 | +€122,756 | +113.1% |
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 7 October 2026 via checked.be.