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 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €2.2m-€590,486
Equity
€9.8m
2024 · €8.3m+€1.6m
Cash
€5.1m
2024 · €2.2m+€2.8m
Balance sheet total
€23.0m
2024 · €16.0m+€6.9m
Largest movements
Assets
- Stocks and contracts +€4.4m
up €4.4m (+54.8%), from €8.1m to €12.5m
of which Contracts in progress: +€4.4m
- Cash +€2.8m
up €2.8m (+127%), from €2.2m to €5.1m
mainly Other debts (+€2.6m) and Debts after one year (+€2.0m)
- Receivables within one year -€435,632
down €435,632 (-11.5%), from €3.8m to €3.4m
of which Trade receivables: -€1.2m
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+99.0%), from €2.6m to €5.1m
- Debts after one year +€2.0m
up €2.0m (+223%), from €905,011 to €2.9m
- Reserves +€1.6m
up €1.6m (+19.0%), from €8.2m to €9.8m
of which Distributable reserves: +€1.6m
- Accrued charges and deferred income +€639,028
up €639,028 (+39.5%), from €1.6m to €2.3m
Income statement
- Turnover +€4.0m
up €4.0m (+22.1%), from €17.9m to €21.8m
- Goods and materials +€2.7m
up €2.7m (+17.0%), from €15.7m to €18.4m
of which Purchases: +€2.7m
- Services and other goods +€1.7m
up €1.7m (+81.5%), from €2.1m to €3.9m
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
€2.2m
Turnover
+€4.0m
Other operating income
+€43,701
Goods and materials
-€2.7m
Services and other goods
-€1.7m
Staff costs
+€12,570
Depreciation
-€37,347
Other operating charges
-€114,552
Other operating items
-€227,734
Financial income
+€37,558
Financial charges
-€46,490
Taxes
+€199,035
Result 2025
€1.6m
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
+€1.2m
Investment
-€346,374
Financing
+€2.0m
Cash 2024
€2.2m
From operations (derived)
+€1.2m
Net result for the year
+€1.6m
Depreciation
+€301,691
Receivables after one year
-€16,332
Stocks and contracts
-€4.4m
Receivables within one year
+€435,632
Deferred charges and accrued income
-€19,897
Trade debts
-€28,541
Tax, wage and social debts
+€24,108
Advances received
+€148,207
Other debts
+€2.6m
Accrued charges and deferred income
+€639,028
Investment (derived)
-€346,374
Investment in fixed assets (net)
-€346,374
Financing
+€2.0m
Debts after one year
+€2.0m
Cash 2025
€5.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,035,352 | €22,955,853 | +€6.9m | +43.2% |
| Fixed assets | 21/28 | €1,018,198 | €1,062,881 | +€44,683 | +4.4% |
| Intangible fixed assets | 21 | €22,505 | €47,590 | +€25,085 | +111% |
| Tangible fixed assets | 22/27 | €849,513 | €846,778 | -€2,735 | -0.3% |
| Plant, machinery and equipment | 23 | €411,548 | €421,492 | +€9,944 | +2.4% |
| Furniture and vehicles | 24 | €378,653 | €374,647 | -€4,006 | -1.1% |
| Other tangible fixed assets | 26 | €59,313 | €50,639 | -€8,673 | -14.6% |
| Financial fixed assets | 28 | €146,180 | €168,513 | +€22,333 | +15.3% |
| Other financial fixed assets | 284/8 | €146,180 | €168,513 | +€22,333 | +15.3% |
| Amounts receivable and cash guarantees | 285/8 | €146,180 | €168,513 | +€22,333 | +15.3% |
| Current assets | 29/58 | €15,017,154 | €21,892,972 | +€6.9m | +45.8% |
| Amounts receivable after more than one year | 29 | €816,584 | €832,916 | +€16,332 | +2.0% |
| Other amounts receivable | 291 | €816,584 | €832,916 | +€16,332 | +2.0% |
| Stocks and contracts in progress | 3 | €8,107,853 | €12,548,833 | +€4.4m | +54.8% |
| Stocks | 30/36 | €85,700 | €95,028 | +€9,328 | +10.9% |
| Raw materials and consumables | 30/31 | €62,060 | €71,388 | +€9,328 | +15.0% |
| Property held for sale | 35 | €23,641 | €23,641 | = | 0.0% |
| Contracts in progress | 37 | €8,022,153 | €12,453,805 | +€4.4m | +55.2% |
| Amounts receivable within one year | 40/41 | €3,798,455 | €3,362,823 | -€435,632 | -11.5% |
| Trade receivables | 40 | €1,460,214 | €295,204 | -€1.2m | -79.8% |
| Other amounts receivable | 41 | €2,338,241 | €3,067,619 | +€729,378 | +31.2% |
| Cash at bank and in hand | 54/58 | €2,229,777 | €5,064,018 | +€2.8m | +127% |
| Deferred charges and accrued income | 490/1 | €64,485 | €84,382 | +€19,897 | +30.9% |
| Total equity and liabilities | 10/49 | €16,035,352 | €22,955,853 | +€6.9m | +43.2% |
| Equity | 10/15 | €8,251,714 | €9,811,269 | +€1.6m | +18.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €8,226,714 | €9,786,269 | +€1.6m | +19.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €8,189,214 | €9,748,769 | +€1.6m | +19.0% |
| Amounts payable | 17/49 | €7,783,639 | €13,144,584 | +€5.4m | +68.9% |
| Amounts payable after more than one year | 17 | €905,011 | €2,924,158 | +€2.0m | +223% |
| Financial debts | 170/4 | €905,011 | €2,924,158 | +€2.0m | +223% |
| Credit institutions | 173 | €905,011 | €2,924,158 | +€2.0m | +223% |
| Amounts payable within one year | 42/48 | €5,261,198 | €7,963,968 | +€2.7m | +51.4% |
| Trade debts | 44 | €993,214 | €964,673 | -€28,541 | -2.9% |
| Suppliers | 440/4 | €993,214 | €964,673 | -€28,541 | -2.9% |
| Advances received on contracts in progress | 46 | €1,335,438 | €1,483,646 | +€148,207 | +11.1% |
| Taxes, remuneration and social security | 45 | €348,805 | €372,913 | +€24,108 | +6.9% |
| Taxes | 450/3 | €214,688 | €242,375 | +€27,686 | +12.9% |
| Remuneration and social security | 454/9 | €134,116 | €130,539 | -€3,578 | -2.7% |
| Other amounts payable | 47/48 | €2,583,740 | €5,142,736 | +€2.6m | +99.0% |
| Accrued charges and deferred income | 492/3 | €1,617,430 | €2,256,458 | +€639,028 | +39.5% |
| Operating income | 70/76A | €22,659,850 | €26,423,706 | +€3.8m | +16.6% |
| Turnover | 70 | €17,852,352 | €21,802,928 | +€4.0m | +22.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €4,680,285 | €4,431,653 | -€248,633 | -5.3% |
| Other operating income | 74 | €127,012 | €170,714 | +€43,701 | +34.4% |
| Non-recurring operating income | 76A | €200 | €18,411 | +€18,211 | +9,106% |
| Operating charges | 60/66A | €19,898,706 | €24,443,151 | +€4.5m | +22.8% |
| Goods for resale, raw materials and consumables | 60 | €15,727,873 | €18,399,951 | +€2.7m | +17.0% |
| Purchases | 600/8 | €15,740,365 | €18,409,279 | +€2.7m | +17.0% |
| Change in stocks: decrease (increase) | 609 | -€12,492 | -€9,328 | +€3,164 | +25.3% |
| Services and other goods | 61 | €2,128,525 | €3,864,251 | +€1.7m | +81.5% |
| Remuneration, social security and pensions | 62 | €1,678,557 | €1,665,987 | -€12,570 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,345 | €301,691 | +€37,347 | +14.1% |
| Other operating charges | 640/8 | €96,719 | €211,271 | +€114,552 | +118% |
| Non-recurring operating charges | 66A | €2,687 | - | -€2,687 | |
| Operating profit (loss) | 9901 | €2,761,144 | €1,980,554 | -€780,589 | -28.3% |
| Financial income | 75/76B | €128,680 | €166,238 | +€37,558 | +29.2% |
| Recurring financial income | 75 | €128,680 | €166,238 | +€37,558 | +29.2% |
| Income from current assets | 751 | €58,673 | €82,648 | +€23,975 | +40.9% |
| Other financial income | 752/9 | €70,007 | €83,590 | +€13,583 | +19.4% |
| Financial charges | 65/66B | €12,602 | €59,093 | +€46,490 | +369% |
| Recurring financial charges | 65 | €12,602 | €59,093 | +€46,490 | +369% |
| Debt charges | 650 | €9,233 | €54,030 | +€44,798 | +485% |
| Other financial charges | 652/9 | €3,370 | €5,062 | +€1,692 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €2,877,221 | €2,087,700 | -€789,522 | -27.4% |
| Income taxes | 67/77 | €727,180 | €528,144 | -€199,035 | -27.4% |
| Taxes | 670/3 | €727,305 | €528,359 | -€198,947 | -27.4% |
| Tax adjustments and reversals of tax provisions | 77 | €125 | €214 | +€89 | +71.0% |
| Profit (loss) for the period | 9904 | €2,150,042 | €1,559,555 | -€590,486 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,150,042 | €1,559,555 | -€590,486 | -27.5% |
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 16 October 2026 via checked.be.