DeGhys: 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.
DeGhys
Largest movements
- Tangible fixed assets +€8,376
up €8,376 (+32.4%), from €25,844 to €34,220
of which Plant, machinery and equipment: +€6,690
- Receivables within one year +€3,992
up €3,992 (+32.8%), from €12,178 to €16,170
of which Trade receivables: +€7,199
- Deferred charges and accrued income -€1,170
no longer reported in 2025 (was €1,170)
- Trade debts +€14,700
new in 2025: €14,700
- Debts after one year -€7,594
down €7,594 (-25.3%), from €30,000 to €22,406
- Tax, wage and social debts +€3,777
new in 2025: €3,777
- Other debts -€1,269
down €1,269 (-4.1%), from €30,999 to €29,731
- Profit (loss) carried forward +€909
up €909 (+5.4%), from -€16,709 to -€15,800
- Gross operating margin +€8,298
up €8,298, from -€5,734 to €2,564
- Financial income +€5,918
up €5,918 (+2,254%), from €263 to €6,181
- Depreciation +€4,849
up €4,849 (+244%), from €1,990 to €6,839
- Financial charges -€1,170
down €1,170 (-91.0%), from €1,285 to €115
- Taxes -€59
down €59 (-26.8%), from €219 to €160
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 | €54,290 | €64,813 | +€10,523 | +19.4% |
| Fixed assets | 21/28 | €28,226 | €36,052 | +€7,826 | +27.7% |
| Intangible fixed assets | 21 | €2,382 | €1,832 | -€550 | -23.1% |
| Tangible fixed assets | 22/27 | €25,844 | €34,220 | +€8,376 | +32.4% |
| Plant, machinery and equipment | 23 | - | €6,690 | +€6,690 | |
| Furniture and vehicles | 24 | €13,289 | €16,298 | +€3,009 | +22.6% |
| Other tangible fixed assets | 26 | €12,555 | €11,233 | -€1,322 | -10.5% |
| Current assets | 29/58 | €26,064 | €28,761 | +€2,697 | +10.3% |
| Amounts receivable within one year | 40/41 | €12,178 | €16,170 | +€3,992 | +32.8% |
| Trade receivables | 40 | €8,971 | €16,170 | +€7,199 | +80.3% |
| Other amounts receivable | 41 | €3,207 | - | -€3,207 | |
| Cash at bank and in hand | 54/58 | €12,716 | €12,591 | -€126 | -1.0% |
| Deferred charges and accrued income | 490/1 | €1,170 | - | -€1,170 | |
| Total equity and liabilities | 10/49 | €54,290 | €64,813 | +€10,523 | +19.4% |
| Equity | 10/15 | -€6,709 | -€5,800 | +€909 | +13.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,709 | -€15,800 | +€909 | +5.4% |
| Amounts payable | 17/49 | €60,999 | €70,613 | +€9,614 | +15.8% |
| Amounts payable after more than one year | 17 | €30,000 | €22,406 | -€7,594 | -25.3% |
| Financial debts | 170/4 | €30,000 | €22,406 | -€7,594 | -25.3% |
| Amounts payable within one year | 42/48 | €30,999 | €48,207 | +€17,208 | +55.5% |
| Trade debts | 44 | - | €14,700 | +€14,700 | |
| Suppliers | 440/4 | - | €14,700 | +€14,700 | |
| Taxes, remuneration and social security | 45 | - | €3,777 | +€3,777 | |
| Taxes | 450/3 | - | €3,777 | +€3,777 | |
| Other amounts payable | 47/48 | €30,999 | €29,731 | -€1,269 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,990 | €6,839 | +€4,849 | +244% |
| Other operating charges | 640/8 | €714 | €722 | +€7 | +1.0% |
| Gross operating margin | 9900 | -€5,734 | €2,564 | +€8,298 | |
| Operating profit (loss) | 9901 | -€8,438 | -€4,996 | +€3,442 | +40.8% |
| Financial income | 75/76B | €263 | €6,181 | +€5,918 | +2,254% |
| Recurring financial income | 75 | €263 | €6,181 | +€5,918 | +2,254% |
| Financial charges | 65/66B | €1,285 | €115 | -€1,170 | -91.0% |
| Recurring financial charges | 65 | €1,285 | €115 | -€1,170 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,461 | €1,069 | +€10,530 | |
| Income taxes | 67/77 | €219 | €160 | -€59 | -26.8% |
| Profit (loss) for the period | 9904 | -€9,679 | €909 | +€10,589 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,679 | €909 | +€10,589 |
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 16 October 2026 via checked.be.