DEGOL: 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.
DEGOL
Largest movements
- Receivables within one year -€35,982
down €35,982 (-55.5%), from €64,885 to €28,903
of which Trade receivables: -€34,142
- Cash +€17,698
up €17,698 (+56.7%), from €31,199 to €48,897
mainly Receivables within one year (+€35,982) and Net result for the year (+€9,854)
- Stocks and contracts +€15,881
up €15,881 (+56.4%), from €28,150 to €44,031
- Tangible fixed assets +€11,397
up €11,397 (+167.4%), from €6,808 to €18,205
of which Plant, machinery and equipment: +€11,600
- Reserves +€9,854
up €9,854 (+17.4%), from €56,473 to €66,327
of which Distributable reserves: +€9,854
- Tax, wage and social debts -€1,559
down €1,559 (-35.6%), from €4,373 to €2,815
- Gross operating margin +€7,664
up €7,664 (+61.7%), from €12,415 to €20,079
- Depreciation +€1,385
up €1,385 (+41.6%), from €3,329 to €4,714
- Financial charges +€431
up €431 (+30.9%), from €1,396 to €1,827
- Taxes +€304
up €304 (+12.9%), from €2,355 to €2,659
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,931 | €140,890 | +€8,959 | +6.8% |
| Fixed assets | 21/28 | €6,808 | €18,205 | +€11,397 | +167.4% |
| Tangible fixed assets | 22/27 | €6,808 | €18,205 | +€11,397 | +167.4% |
| Plant, machinery and equipment | 23 | €5,726 | €17,326 | +€11,600 | +202.6% |
| Furniture and vehicles | 24 | €1,082 | €879 | -€202 | -18.7% |
| Current assets | 29/58 | €125,123 | €122,685 | -€2,438 | -1.9% |
| Stocks and contracts in progress | 3 | €28,150 | €44,031 | +€15,881 | +56.4% |
| Stocks | 30/36 | €28,150 | €44,031 | +€15,881 | +56.4% |
| Amounts receivable within one year | 40/41 | €64,885 | €28,903 | -€35,982 | -55.5% |
| Trade receivables | 40 | €53,728 | €19,586 | -€34,142 | -63.5% |
| Other amounts receivable | 41 | €11,157 | €9,317 | -€1,840 | -16.5% |
| Cash at bank and in hand | 54/58 | €31,199 | €48,897 | +€17,698 | +56.7% |
| Deferred charges and accrued income | 490/1 | €889 | €854 | -€35 | -4.0% |
| Total equity and liabilities | 10/49 | €131,931 | €140,890 | +€8,959 | +6.8% |
| Equity | 10/15 | €75,073 | €84,927 | +€9,854 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,473 | €66,327 | +€9,854 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,613 | €64,467 | +€9,854 | +18.0% |
| Amounts payable | 17/49 | €56,859 | €55,963 | -€895 | -1.6% |
| Amounts payable within one year | 42/48 | €56,859 | €55,963 | -€895 | -1.6% |
| Trade debts | 44 | €1,721 | €1,711 | -€11 | -0.6% |
| Suppliers | 440/4 | €1,721 | €1,711 | -€11 | -0.6% |
| Taxes, remuneration and social security | 45 | €4,373 | €2,815 | -€1,559 | -35.6% |
| Taxes | 450/3 | €4,373 | €2,815 | -€1,559 | -35.6% |
| Other amounts payable | 47/48 | €50,764 | €51,438 | +€674 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,329 | €4,714 | +€1,385 | +41.6% |
| Other operating charges | 640/8 | €875 | €1,063 | +€188 | +21.4% |
| Gross operating margin | 9900 | €12,415 | €20,079 | +€7,664 | +61.7% |
| Operating profit (loss) | 9901 | €8,211 | €14,302 | +€6,091 | +74.2% |
| Financial income | 75/76B | €1 | €39 | +€37 | +3674.5% |
| Recurring financial income | 75 | €1 | €39 | +€37 | +3674.5% |
| Financial charges | 65/66B | €1,396 | €1,827 | +€431 | +30.9% |
| Recurring financial charges | 65 | €1,396 | €1,827 | +€431 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €6,816 | €12,514 | +€5,698 | +83.6% |
| Income taxes | 67/77 | €2,355 | €2,659 | +€304 | +12.9% |
| Profit (loss) for the period | 9904 | €4,461 | €9,854 | +€5,394 | +120.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,461 | €9,854 | +€5,394 | +120.9% |
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 5 October 2026 via checked.be.