DEGINIC: what changed
DEGINIC
Largest movements
- Tangible fixed assets -€49,883
down €49,883 (-28.8%), from €173,377 to €123,494
- Cash +€45,843
up €45,843 (+219%), from €20,957 to €66,800
mainly Depreciation (+€54,153) and Net result for the year (+€22,013)
- Receivables within one year +€38,244
up €38,244 (+38.5%), from €99,404 to €137,648
of which Trade receivables: +€39,135
- Deferred charges and accrued income -€8,931
down €8,931 (-72.7%), from €12,292 to €3,360
- Profit (loss) carried forward +€18,306
up €18,306, from -€18,306 to €0
- Tax, wage and social debts +€7,039
up €7,039 (+68.1%), from €10,338 to €17,377
- Debts after one year -€4,640
down €4,640 (-6.3%), from €73,352 to €68,712
of which Financial debts: -€26,514
- Reserves +€3,706
up €3,706 (+1.9%), from €193,900 to €197,607
of which Distributable reserves: +€3,706
- Gross operating margin +€28,392
up €28,392 (+21.8%), from €129,979 to €158,371
- Staff costs -€14,402
down €14,402 (-18.2%), from €79,257 to €64,855
- Taxes +€6,312
up €6,312 (+8,687%), from €73 to €6,385
- Depreciation -€3,604
down €3,604 (-6.2%), from €57,757 to €54,153
- Other operating charges -€1,624
down €1,624 (-24.6%), from €6,604 to €4,979
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,490 | €331,763 | +€25,273 | +8.2% |
| Fixed assets | 21/28 | €173,838 | €123,955 | -€49,883 | -28.7% |
| Tangible fixed assets | 22/27 | €173,377 | €123,494 | -€49,883 | -28.8% |
| Land and buildings | 22 | €29,485 | €22,149 | -€7,336 | -24.9% |
| Plant, machinery and equipment | 23 | €67,826 | €48,653 | -€19,173 | -28.3% |
| Furniture and vehicles | 24 | €1,187 | €787 | -€400 | -33.7% |
| Leasing and similar rights | 25 | €74,879 | €51,905 | -€22,974 | -30.7% |
| Financial fixed assets | 28 | €461 | €461 | = | 0.0% |
| Current assets | 29/58 | €132,652 | €207,808 | +€75,156 | +56.7% |
| Amounts receivable within one year | 40/41 | €99,404 | €137,648 | +€38,244 | +38.5% |
| Trade receivables | 40 | €96,542 | €135,677 | +€39,135 | +40.5% |
| Other amounts receivable | 41 | €2,861 | €1,970 | -€891 | -31.1% |
| Cash at bank and in hand | 54/58 | €20,957 | €66,800 | +€45,843 | +219% |
| Deferred charges and accrued income | 490/1 | €12,292 | €3,360 | -€8,931 | -72.7% |
| Total equity and liabilities | 10/49 | €306,490 | €331,763 | +€25,273 | +8.2% |
| Equity | 10/15 | €183,199 | €205,212 | +€22,013 | +12.0% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €193,900 | €197,607 | +€3,706 | +1.9% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Tax-exempt reserves | 132 | €20,048 | €20,048 | = | 0.0% |
| Distributable reserves | 133 | €171,852 | €175,559 | +€3,706 | +2.2% |
| Profit (loss) carried forward | 14 | -€18,306 | €0 | +€18,306 | |
| Amounts payable | 17/49 | €123,291 | €126,550 | +€3,260 | +2.6% |
| Amounts payable after more than one year | 17 | €73,352 | €68,712 | -€4,640 | -6.3% |
| Financial debts | 170/4 | €49,201 | €22,686 | -€26,514 | -53.9% |
| Other amounts payable | 178/9 | €24,151 | €46,025 | +€21,874 | +90.6% |
| Amounts payable within one year | 42/48 | €49,939 | €55,228 | +€5,289 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €23,379 | €24,346 | +€966 | +4.1% |
| Trade debts | 44 | €16,222 | €13,506 | -€2,716 | -16.7% |
| Suppliers | 440/4 | €16,222 | €13,506 | -€2,716 | -16.7% |
| Taxes, remuneration and social security | 45 | €10,338 | €17,377 | +€7,039 | +68.1% |
| Taxes | 450/3 | €10,338 | €17,377 | +€7,039 | +68.1% |
| Accrued charges and deferred income | 492/3 | - | €2,611 | +€2,611 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €79,257 | €64,855 | -€14,402 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,757 | €54,153 | -€3,604 | -6.2% |
| Other operating charges | 640/8 | €6,604 | €4,979 | -€1,624 | -24.6% |
| Gross operating margin | 9900 | €129,979 | €158,371 | +€28,392 | +21.8% |
| Operating profit (loss) | 9901 | -€13,639 | €34,383 | +€48,022 | |
| Financial income | 75/76B | €49 | €38 | -€11 | -22.7% |
| Recurring financial income | 75 | €49 | €38 | -€11 | -22.7% |
| Financial charges | 65/66B | €4,644 | €6,024 | +€1,380 | +29.7% |
| Recurring financial charges | 65 | €4,644 | €6,024 | +€1,380 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,234 | €28,397 | +€46,631 | |
| Income taxes | 67/77 | €73 | €6,385 | +€6,312 | +8,687% |
| Profit (loss) for the period | 9904 | -€18,306 | €22,013 | +€40,319 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,306 | €22,013 | +€40,319 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.