DEGO: 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.
What changed
DEGO
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€98,755
2024 · €264,022-€165,267
Equity
€163,097
2024 · €159,341+€3,755
Cash
€134,293
2024 · €31,359+€102,934
Balance sheet total
€10.3m
2024 · €10.6m-€322,304
Largest movements
Assets
- Tangible fixed assets -€322,630
down €322,630 (-3.1%), from €10.4m to €10.1m
of which Land and buildings: -€214,720
Equity and liabilities
- Debts after one year -€554,167
down €554,167 (-8.4%), from €6.6m to €6.1m
- Accrued charges and deferred income +€483,699
up €483,699 (+3,315%), from €14,592 to €498,291
- Other debts +€310,851
up €310,851 (+24.0%), from €1.3m to €1.6m
- Advances received -€179,778
down €179,778 (-15.2%), from €1.2m to €1.0m
- Short-term financial debts -€177,766
down €177,766 (-91.4%), from €194,432 to €16,667
Income statement
- Gross operating margin -€369,816
down €369,816 (-31.7%), from €1.2m to €797,758
- Depreciation -€143,464
down €143,464 (-43.2%), from €332,420 to €188,957
- Taxes -€52,887
down €52,887 (-58.1%), from €91,050 to €38,163
- Staff costs -€15,334
down €15,334 (-11.6%), from €132,402 to €117,068
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
€264,022
Gross operating margin
-€369,816
Staff costs
+€15,334
Depreciation
+€143,464
Other operating charges
-€9,977
Other operating items
+€357
Financial income
+€3,413
Financial charges
-€928
Taxes
+€52,887
Result 2025
€98,755
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€805,364
Investment
+€133,673
Financing
-€836,104
Cash 2024
€31,359
From operations (derived)
+€805,364
Net result for the year
+€98,755
Depreciation
+€188,957
Receivables within one year
+€102,608
Trade debts
-€105,317
Tax, wage and social debts
-€94,410
Advances received
-€179,778
Other debts
+€310,851
Accrued charges and deferred income
+€483,699
Investment (derived)
+€133,673
Investment in fixed assets (net)
+€133,673
Financing
-€836,104
Debts after one year
-€554,167
Current portion of long-term debt
-€9,172
Short-term financial debts
-€177,766
Contributions, distributions and other
-€95,000
Cash 2025
€134,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,627,022 | €10,304,718 | -€322,304 | -3.0% |
| Fixed assets | 21/28 | €10,385,891 | €10,063,261 | -€322,630 | -3.1% |
| Tangible fixed assets | 22/27 | €10,385,705 | €10,063,075 | -€322,630 | -3.1% |
| Land and buildings | 22 | €9,541,417 | €9,326,697 | -€214,720 | -2.3% |
| Plant, machinery and equipment | 23 | €685,970 | €593,901 | -€92,069 | -13.4% |
| Furniture and vehicles | 24 | €41,278 | €25,437 | -€15,841 | -38.4% |
| Assets under construction and advance payments | 27 | €117,041 | €117,041 | = | 0.0% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €241,131 | €241,457 | +€326 | +0.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €209,772 | €107,164 | -€102,608 | -48.9% |
| Trade receivables | 40 | €209,733 | €94,004 | -€115,729 | -55.2% |
| Other amounts receivable | 41 | €39 | €13,160 | +€13,121 | +33,643% |
| Cash at bank and in hand | 54/58 | €31,359 | €134,293 | +€102,934 | +328% |
| Total equity and liabilities | 10/49 | €10,627,022 | €10,304,718 | -€322,304 | -3.0% |
| Equity | 10/15 | €159,341 | €163,097 | +€3,755 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €73,200 | €73,200 | = | 0.0% |
| Distributable reserves | 133 | €73,200 | €73,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,141 | €27,897 | +€3,755 | +15.6% |
| Amounts payable | 17/49 | €10,467,681 | €10,141,622 | -€326,059 | -3.1% |
| Amounts payable after more than one year | 17 | €6,630,000 | €6,075,833 | -€554,167 | -8.4% |
| Financial debts | 170/4 | €6,630,000 | €6,075,833 | -€554,167 | -8.4% |
| Amounts payable within one year | 42/48 | €3,823,089 | €3,567,497 | -€255,592 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €563,338 | €554,167 | -€9,172 | -1.6% |
| Financial debts | 43 | €194,432 | €16,667 | -€177,766 | -91.4% |
| Credit institutions | 430/8 | €194,432 | €16,667 | -€177,766 | -91.4% |
| Trade debts | 44 | €440,620 | €335,304 | -€105,317 | -23.9% |
| Suppliers | 440/4 | €440,620 | €335,304 | -€105,317 | -23.9% |
| Advances received on contracts in progress | 46 | €1,179,778 | €1,000,000 | -€179,778 | -15.2% |
| Taxes, remuneration and social security | 45 | €151,837 | €57,427 | -€94,410 | -62.2% |
| Taxes | 450/3 | €146,838 | €45,250 | -€101,589 | -69.2% |
| Remuneration and social security | 454/9 | €4,999 | €12,177 | +€7,178 | +144% |
| Other amounts payable | 47/48 | €1,293,082 | €1,603,933 | +€310,851 | +24.0% |
| Accrued charges and deferred income | 492/3 | €14,592 | €498,291 | +€483,699 | +3,315% |
| Remuneration, social security and pensions | 62 | €132,402 | €117,068 | -€15,334 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332,420 | €188,957 | -€143,464 | -43.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €53,942 | €63,919 | +€9,977 | +18.5% |
| Non-recurring operating charges | 66A | €357 | €0 | -€357 | -100% |
| Gross operating margin | 9900 | €1,167,574 | €797,758 | -€369,816 | -31.7% |
| Operating profit (loss) | 9901 | €648,453 | €427,814 | -€220,638 | -34.0% |
| Financial income | 75/76B | €7,138 | €10,551 | +€3,413 | +47.8% |
| Recurring financial income | 75 | €7,138 | €10,551 | +€3,413 | +47.8% |
| Financial charges | 65/66B | €300,519 | €301,447 | +€928 | +0.3% |
| Recurring financial charges | 65 | €300,519 | €301,447 | +€928 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €355,072 | €136,918 | -€218,154 | -61.4% |
| Income taxes | 67/77 | €91,050 | €38,163 | -€52,887 | -58.1% |
| Profit (loss) for the period | 9904 | €264,022 | €98,755 | -€165,267 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €264,022 | €98,755 | -€165,267 | -62.6% |
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 17 October 2026 via checked.be.