DEGIL: 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.
DEGIL
Largest movements
- Receivables after one year -€97,911
down €97,911 (-100%), from €97,911 to €0
- Stocks and contracts -€97,734
down €97,734 (-53.2%), from €183,691 to €85,957
- Tangible fixed assets -€61,450
down €61,450 (-5.0%), from €1.2m to €1.2m
of which Land and buildings: -€43,573
- Receivables within one year -€29,530
down €29,530 (-48.9%), from €60,396 to €30,866
of which Trade receivables: -€17,539
- Short-term financial debts -€526,000
down €526,000 (-76.2%), from €690,000 to €164,000
- Debts after one year +€133,766
up €133,766 (+15.2%), from €880,000 to €1.0m
- Reserves +€99,181
up €99,181 (+39.8%), from €249,273 to €348,455
of which Distributable reserves: +€99,181
- Gross operating margin +€114,764
up €114,764 (+66.6%), from €172,442 to €287,206
- Taxes +€35,043
up €35,043 (+1,149%), from €3,049 to €38,092
- Financial charges -€31,630
down €31,630 (-27.0%), from €117,304 to €85,675
- Financial income +€3,478
up €3,478 (+119%), from €2,911 to €6,390
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 | €2,581,250 | €2,292,342 | -€288,908 | -11.2% |
| Fixed assets | 21/28 | €2,228,558 | €2,167,108 | -€61,450 | -2.8% |
| Tangible fixed assets | 22/27 | €1,233,442 | €1,171,992 | -€61,450 | -5.0% |
| Land and buildings | 22 | €1,207,501 | €1,163,928 | -€43,573 | -3.6% |
| Furniture and vehicles | 24 | €25,940 | €8,063 | -€17,877 | -68.9% |
| Financial fixed assets | 28 | €995,116 | €995,116 | = | 0.0% |
| Current assets | 29/58 | €352,692 | €125,234 | -€227,459 | -64.5% |
| Amounts receivable after more than one year | 29 | €97,911 | €0 | -€97,911 | -100% |
| Other amounts receivable | 291 | €97,911 | €0 | -€97,911 | -100% |
| Stocks and contracts in progress | 3 | €183,691 | €85,957 | -€97,734 | -53.2% |
| Stocks | 30/36 | €183,691 | €85,957 | -€97,734 | -53.2% |
| Amounts receivable within one year | 40/41 | €60,396 | €30,866 | -€29,530 | -48.9% |
| Trade receivables | 40 | €41,815 | €24,277 | -€17,539 | -41.9% |
| Other amounts receivable | 41 | €18,581 | €6,590 | -€11,991 | -64.5% |
| Cash at bank and in hand | 54/58 | €6,187 | €4,182 | -€2,005 | -32.4% |
| Deferred charges and accrued income | 490/1 | €4,506 | €4,228 | -€278 | -6.2% |
| Total equity and liabilities | 10/49 | €2,581,250 | €2,292,342 | -€288,908 | -11.2% |
| Equity | 10/15 | €967,554 | €1,065,056 | +€97,502 | +10.1% |
| Contributions | 10/11 | €715,000 | €715,000 | = | 0.0% |
| Capital | 10 | €715,000 | €715,000 | = | 0.0% |
| Issued capital | 100 | €715,000 | €715,000 | = | 0.0% |
| Reserves | 13 | €249,273 | €348,455 | +€99,181 | +39.8% |
| Non-distributable reserves | 130/1 | €21,300 | €21,300 | = | 0.0% |
| Legal reserve | 130 | €21,300 | €21,300 | = | 0.0% |
| Distributable reserves | 133 | €227,973 | €327,155 | +€99,181 | +43.5% |
| Profit (loss) carried forward | 14 | €3,280 | €1,601 | -€1,679 | -51.2% |
| Amounts payable | 17/49 | €1,613,697 | €1,227,286 | -€386,410 | -23.9% |
| Amounts payable after more than one year | 17 | €880,000 | €1,013,766 | +€133,766 | +15.2% |
| Other amounts payable | 178/9 | €880,000 | €1,013,766 | +€133,766 | +15.2% |
| Amounts payable within one year | 42/48 | €706,608 | €193,894 | -€512,714 | -72.6% |
| Financial debts | 43 | €690,000 | €164,000 | -€526,000 | -76.2% |
| Credit institutions | 430/8 | €690,000 | €164,000 | -€526,000 | -76.2% |
| Trade debts | 44 | €4,115 | €3,686 | -€429 | -10.4% |
| Suppliers | 440/4 | €4,115 | €3,686 | -€429 | -10.4% |
| Taxes, remuneration and social security | 45 | €10,762 | €24,529 | +€13,768 | +128% |
| Taxes | 450/3 | €10,762 | €20,394 | +€9,633 | +89.5% |
| Remuneration and social security | 454/9 | €0 | €4,135 | +€4,135 | |
| Other amounts payable | 47/48 | €1,732 | €1,679 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €27,088 | €19,626 | -€7,462 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,191 | €61,450 | +€259 | +0.4% |
| Other operating charges | 640/8 | €7,797 | €9,198 | +€1,401 | +18.0% |
| Gross operating margin | 9900 | €172,442 | €287,206 | +€114,764 | +66.6% |
| Operating profit (loss) | 9901 | €103,454 | €216,558 | +€113,104 | +109% |
| Financial income | 75/76B | €2,911 | €6,390 | +€3,478 | +119% |
| Recurring financial income | 75 | €2,911 | €6,390 | +€3,478 | +119% |
| Financial charges | 65/66B | €117,304 | €85,675 | -€31,630 | -27.0% |
| Recurring financial charges | 65 | €117,304 | €85,675 | -€31,630 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,939 | €137,273 | +€148,212 | |
| Income taxes | 67/77 | €3,049 | €38,092 | +€35,043 | +1,149% |
| Profit (loss) for the period | 9904 | -€13,988 | €99,181 | +€113,169 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,988 | €99,181 | +€113,169 |
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 15 October 2026 via checked.be.