DEGEYE FOREST: 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.
DEGEYE FOREST
Largest movements
- Tangible fixed assets -€192,293
down €192,293 (-13.5%), from €1.4m to €1.2m
of which Plant, machinery and equipment: -€132,700
- Receivables within one year +€142,167
up €142,167 (+219%), from €65,017 to €207,185
of which Trade receivables: +€137,454
- Debts after one year -€181,845
down €181,845 (-21.7%), from €838,119 to €656,274
- Advances received +€60,000
new in 2025: €60,000
- Profit (loss) carried forward +€52,349
up €52,349 (+20.1%), from €260,107 to €312,456
- Trade debts +€30,526
up €30,526 (+81.7%), from €37,375 to €67,901
- Other debts -€21,500
down €21,500 (-49.6%), from €43,346 to €21,846
- Gross operating margin +€243,881
up €243,881 (+110%), from €222,246 to €466,126
- Staff costs +€31,514
up €31,514 (+85.8%), from €36,730 to €68,245
- Taxes +€15,000
no longer reported in 2025 (was -€15,000)
- Financial charges -€7,704
down €7,704 (-21.5%), from €35,871 to €28,167
of which Financial charges: -€7,907
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.
Derived cash bridge
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 | €1,584,468 | €1,519,429 | -€65,039 | -4.1% |
| Fixed assets | 21/28 | €1,426,000 | €1,232,707 | -€193,293 | -13.6% |
| Intangible fixed assets | 21 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Tangible fixed assets | 22/27 | €1,423,365 | €1,231,072 | -€192,293 | -13.5% |
| Land and buildings | 22 | €318,937 | €300,636 | -€18,301 | -5.7% |
| Plant, machinery and equipment | 23 | €625,517 | €492,817 | -€132,700 | -21.2% |
| Furniture and vehicles | 24 | €478,911 | €437,619 | -€41,293 | -8.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €158,468 | €286,722 | +€128,255 | +80.9% |
| Stocks and contracts in progress | 3 | €1,817 | €596 | -€1,221 | -67.2% |
| Stocks | 30/36 | €1,817 | €596 | -€1,221 | -67.2% |
| Amounts receivable within one year | 40/41 | €65,017 | €207,185 | +€142,167 | +219% |
| Trade receivables | 40 | €64,401 | €201,856 | +€137,454 | +213% |
| Other amounts receivable | 41 | €616 | €5,329 | +€4,713 | +765% |
| Cash at bank and in hand | 54/58 | €43,272 | €33,787 | -€9,485 | -21.9% |
| Deferred charges and accrued income | 490/1 | €48,361 | €45,154 | -€3,207 | -6.6% |
| Total equity and liabilities | 10/49 | €1,584,468 | €1,519,429 | -€65,039 | -4.1% |
| Equity | 10/15 | €423,567 | €475,916 | +€52,349 | +12.4% |
| Contributions | 10/11 | €148,600 | €148,600 | = | 0.0% |
| Reserves | 13 | €14,860 | €14,860 | = | 0.0% |
| Distributable reserves | 133 | €14,860 | €14,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,107 | €312,456 | +€52,349 | +20.1% |
| Amounts payable | 17/49 | €1,160,901 | €1,043,513 | -€117,388 | -10.1% |
| Amounts payable after more than one year | 17 | €838,119 | €656,274 | -€181,845 | -21.7% |
| Financial debts | 170/4 | €838,119 | €656,274 | -€181,845 | -21.7% |
| Amounts payable within one year | 42/48 | €322,782 | €387,239 | +€64,457 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €220,533 | €228,415 | +€7,882 | +3.6% |
| Trade debts | 44 | €37,375 | €67,901 | +€30,526 | +81.7% |
| Suppliers | 440/4 | €37,375 | €67,901 | +€30,526 | +81.7% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €21,528 | €9,077 | -€12,451 | -57.8% |
| Taxes | 450/3 | €17,383 | - | -€17,383 | |
| Remuneration and social security | 454/9 | €4,145 | €9,077 | +€4,932 | +119% |
| Other amounts payable | 47/48 | €43,346 | €21,846 | -€21,500 | -49.6% |
| Non-recurring operating income | 76A | €17,000 | - | -€17,000 | |
| Remuneration, social security and pensions | 62 | €36,730 | €68,245 | +€31,514 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311,808 | €312,253 | +€445 | +0.1% |
| Other operating charges | 640/8 | €8,257 | €5,113 | -€3,144 | -38.1% |
| Gross operating margin | 9900 | €222,246 | €466,126 | +€243,881 | +110% |
| Operating profit (loss) | 9901 | -€134,549 | €80,516 | +€215,065 | |
| Financial income | 75/76B | €38 | €0 | -€37 | -99.0% |
| Recurring financial income | 75 | €38 | €0 | -€37 | -99.0% |
| Financial charges | 65/66B | €35,871 | €28,167 | -€7,704 | -21.5% |
| Recurring financial charges | 65 | €35,539 | €27,632 | -€7,907 | -22.2% |
| Non-recurring financial charges | 66B | €332 | €536 | +€204 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | -€170,383 | €52,349 | +€222,731 | |
| Income taxes | 67/77 | -€15,000 | - | +€15,000 | |
| Profit (loss) for the period | 9904 | -€155,383 | €52,349 | +€207,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€155,383 | €52,349 | +€207,731 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.