DEGM: 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.
DEGM
Largest movements
- Intangible fixed assets -€68,328
down €68,328 (-11.8%), from €581,164 to €512,835
- Cash +€32,355
up €32,355 (+69.2%), from €46,737 to €79,092
mainly Depreciation (+€71,316) and Stocks and contracts (+€9,155)
- Stocks and contracts -€9,155
down €9,155 (-33.0%), from €27,719 to €18,564
- Receivables within one year +€7,016
up €7,016 (+201%), from €3,482 to €10,499
of which Trade receivables: +€5,692
- Reserves -€33,746
down €33,746 (-5.9%), from €574,159 to €540,413
- Depreciation -€35,244
down €35,244 (-33.1%), from €106,560 to €71,316
- Gross operating margin -€20,532
down €20,532 (-28.1%), from €73,117 to €52,586
- Taxes -€5,034
down €5,034 (-30.1%), from €16,716 to €11,682
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 | €700,808 | €666,985 | -€33,823 | -4.8% |
| Fixed assets | 21/28 | €621,699 | €556,278 | -€65,421 | -10.5% |
| Intangible fixed assets | 21 | €581,164 | €512,835 | -€68,328 | -11.8% |
| Tangible fixed assets | 22/27 | €40,385 | €43,292 | +€2,908 | +7.2% |
| Land and buildings | 22 | €38,673 | €37,868 | -€805 | -2.1% |
| Plant, machinery and equipment | 23 | - | €5,425 | +€5,425 | |
| Furniture and vehicles | 24 | €1,538 | - | -€1,538 | |
| Other tangible fixed assets | 26 | €173 | - | -€173 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €79,109 | €110,707 | +€31,598 | +39.9% |
| Stocks and contracts in progress | 3 | €27,719 | €18,564 | -€9,155 | -33.0% |
| Stocks | 30/36 | €27,719 | €18,564 | -€9,155 | -33.0% |
| Amounts receivable within one year | 40/41 | €3,482 | €10,499 | +€7,016 | +201% |
| Trade receivables | 40 | €3,453 | €9,144 | +€5,692 | +165% |
| Other amounts receivable | 41 | €29 | €1,354 | +€1,325 | +4,497% |
| Cash at bank and in hand | 54/58 | €46,737 | €79,092 | +€32,355 | +69.2% |
| Deferred charges and accrued income | 490/1 | €1,171 | €2,552 | +€1,381 | +118% |
| Total equity and liabilities | 10/49 | €700,808 | €666,985 | -€33,823 | -4.8% |
| Equity | 10/15 | €592,759 | €559,013 | -€33,746 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €574,159 | €540,413 | -€33,746 | -5.9% |
| Distributable reserves | 133 | €574,159 | €540,413 | -€33,746 | -5.9% |
| Amounts payable | 17/49 | €108,049 | €107,972 | -€77 | -0.1% |
| Amounts payable within one year | 42/48 | €108,049 | €107,972 | -€77 | -0.1% |
| Trade debts | 44 | €3,037 | €908 | -€2,129 | -70.1% |
| Suppliers | 440/4 | €3,037 | €908 | -€2,129 | -70.1% |
| Taxes, remuneration and social security | 45 | €6,593 | €8,553 | +€1,961 | +29.7% |
| Taxes | 450/3 | €6,589 | €7,066 | +€477 | +7.2% |
| Remuneration and social security | 454/9 | €4 | €1,487 | +€1,483 | +38,432% |
| Other amounts payable | 47/48 | €98,419 | €98,510 | +€91 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,560 | €71,316 | -€35,244 | -33.1% |
| Other operating charges | 640/8 | €3,238 | €3,280 | +€41 | +1.3% |
| Gross operating margin | 9900 | €73,117 | €52,586 | -€20,532 | -28.1% |
| Operating profit (loss) | 9901 | -€36,681 | -€22,010 | +€14,671 | +40.0% |
| Financial income | 75/76B | €1 | €89 | +€88 | +8,904% |
| Recurring financial income | 75 | €1 | €89 | +€88 | +8,904% |
| Financial charges | 65/66B | €285 | €143 | -€142 | -49.8% |
| Recurring financial charges | 65 | €285 | €143 | -€142 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,964 | -€22,064 | +€14,901 | +40.3% |
| Income taxes | 67/77 | €16,716 | €11,682 | -€5,034 | -30.1% |
| Profit (loss) for the period | 9904 | -€53,681 | -€33,746 | +€19,935 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,681 | -€33,746 | +€19,935 | +37.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.