DEGIM: 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.
What changed
DEGIM
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€106,324
2024 · €571,688-€465,363
Equity
€1.8m
2024 · €1.7m+€106,324
Cash
€734,637
2024 · €513,654+€220,983
Balance sheet total
€3.1m
2024 · €3.1m+€80,458
Largest movements
Assets
- Cash +€220,983
up €220,983 (+43.0%), from €513,654 to €734,637
mainly Depreciation (+€107,711) and Net result for the year (+€106,324)
- Tangible fixed assets -€137,376
down €137,376 (-5.6%), from €2.5m to €2.3m
of which Land and buildings: -€137,769
Equity and liabilities
- Reserves +€59,603
up €59,603 (+4.0%), from €1.5m to €1.6m
- Profit (loss) carried forward +€46,722
up €46,722 (+37.3%), from -€125,273 to -€78,552
Income statement
- Gross operating margin -€652,214
down €652,214 (-72.9%), from €894,489 to €242,275
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.
Result 2024
€571,688
Gross operating margin
-€652,214
Depreciation
+€2,972
Other operating charges
-€124
Financial income
+€1,676
Financial charges
+€2,383
Taxes
-€425
Deferred taxes and other
+€180,368
Result 2025
€106,324
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.
From operations
+€213,419
Investment
+€29,665
Financing
-€22,101
Cash 2024
€513,654
From operations (derived)
+€213,419
Net result for the year
+€106,324
Depreciation
+€107,711
Receivables within one year
+€50
Deferred charges and accrued income
+€3,099
Provisions
+€19,868
Trade debts
-€3,290
Tax, wage and social debts
+€2,192
Other debts
-€23,130
Accrued charges and deferred income
+€595
Investment (derived)
+€29,665
Investment in fixed assets (net)
+€29,665
Financing
-€22,101
Debts after one year
-€21,520
Current portion of long-term debt
-€581
Cash 2025
€734,637
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,064,991 | €3,145,449 | +€80,458 | +2.6% |
| Fixed assets | 21/28 | €2,458,404 | €2,321,028 | -€137,376 | -5.6% |
| Tangible fixed assets | 22/27 | €2,458,404 | €2,321,028 | -€137,376 | -5.6% |
| Land and buildings | 22 | €2,457,315 | €2,319,546 | -€137,769 | -5.6% |
| Furniture and vehicles | 24 | €1,089 | €1,481 | +€393 | +36.1% |
| Current assets | 29/58 | €606,587 | €824,421 | +€217,834 | +35.9% |
| Amounts receivable within one year | 40/41 | €79,327 | €79,277 | -€50 | -0.1% |
| Trade receivables | 40 | €10,485 | €10,485 | = | 0.0% |
| Other amounts receivable | 41 | €68,843 | €68,793 | -€50 | -0.1% |
| Cash at bank and in hand | 54/58 | €513,654 | €734,637 | +€220,983 | +43.0% |
| Deferred charges and accrued income | 490/1 | €13,606 | €10,507 | -€3,099 | -22.8% |
| Total equity and liabilities | 10/49 | €3,064,991 | €3,145,449 | +€80,458 | +2.6% |
| Equity | 10/15 | €1,675,956 | €1,782,281 | +€106,324 | +6.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,501,230 | €1,560,832 | +€59,603 | +4.0% |
| Tax-exempt reserves | 132 | €1,501,230 | €1,560,832 | +€59,603 | +4.0% |
| Profit (loss) carried forward | 14 | -€125,273 | -€78,552 | +€46,722 | +37.3% |
| Provisions and deferred taxes | 16 | €706,174 | €726,042 | +€19,868 | +2.8% |
| Deferred taxes | 168 | €706,174 | €726,042 | +€19,868 | +2.8% |
| Amounts payable | 17/49 | €682,860 | €637,127 | -€45,734 | -6.7% |
| Amounts payable after more than one year | 17 | €373,798 | €352,278 | -€21,520 | -5.8% |
| Financial debts | 170/4 | €373,798 | €352,278 | -€21,520 | -5.8% |
| Amounts payable within one year | 42/48 | €308,337 | €283,528 | -€24,809 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €24,095 | €23,514 | -€581 | -2.4% |
| Trade debts | 44 | €7,443 | €4,153 | -€3,290 | -44.2% |
| Suppliers | 440/4 | €7,443 | €4,153 | -€3,290 | -44.2% |
| Taxes, remuneration and social security | 45 | €23,400 | €25,592 | +€2,192 | +9.4% |
| Taxes | 450/3 | €23,400 | €23,592 | +€192 | +0.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €253,399 | €230,269 | -€23,130 | -9.1% |
| Accrued charges and deferred income | 492/3 | €725 | €1,320 | +€595 | +82.1% |
| Non-recurring operating income | 76A | €866,259 | €123,987 | -€742,272 | -85.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,683 | €107,711 | -€2,972 | -2.7% |
| Other operating charges | 640/8 | €1,467 | €1,592 | +€124 | +8.5% |
| Gross operating margin | 9900 | €894,489 | €242,275 | -€652,214 | -72.9% |
| Operating profit (loss) | 9901 | €782,338 | €132,972 | -€649,366 | -83.0% |
| Financial income | 75/76B | €6 | €1,683 | +€1,676 | +26950.8% |
| Recurring financial income | 75 | €6 | €1,683 | +€1,676 | +26950.8% |
| Financial charges | 65/66B | €10,421 | €8,038 | -€2,383 | -22.9% |
| Recurring financial charges | 65 | €10,421 | €8,038 | -€2,383 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €771,923 | €126,617 | -€645,306 | -83.6% |
| Transfer from deferred taxes | 780 | €16,329 | €11,129 | -€5,200 | -31.8% |
| Transfer to deferred taxes | 680 | €216,565 | €30,997 | -€185,568 | -85.7% |
| Income taxes | 67/77 | €0 | €425 | +€425 | |
| Profit (loss) for the period | 9904 | €571,688 | €106,324 | -€465,363 | -81.4% |
| Transfer from tax-exempt reserves | 789 | €73,317 | €33,388 | -€39,929 | -54.5% |
| Transfer to tax-exempt reserves | 689 | €649,695 | €92,991 | -€556,704 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,690 | €46,722 | +€51,412 |
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.