DEGOR: 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.
DEGOR
Largest movements
- Stocks and contracts -€60,536
no longer reported in 2025 (was €60,536)
- Cash -€23,672
down €23,672 (-40.5%), from €58,407 to €34,735
mainly Contributions, distributions and other (-€203,026) and Receivables within one year (-€22,561)
- Receivables within one year +€22,561
up €22,561 (+71.0%), from €31,778 to €54,339
of which Trade receivables: +€33,598
- Tangible fixed assets -€15,774
down €15,774 (-23.7%), from €66,688 to €50,914
of which Furniture and vehicles: -€16,905
- Profit (loss) carried forward -€73,394
no longer reported in 2025 (was €73,394)
- Trade debts -€16,287
down €16,287 (-44.1%), from €36,948 to €20,660
- Other debts +€16,286
up €16,286 (+22.3%), from €73,157 to €89,443
- Debts after one year -€6,504
down €6,504 (-92.2%), from €7,055 to €550
- Accrued charges and deferred income +€2,838
up €2,838 (+99.6%), from €2,850 to €5,688
- Gross operating margin +€82,485
up €82,485 (+76.7%), from €107,546 to €190,031
- Taxes +€10,232
up €10,232 (+35.2%), from €29,046 to €39,278
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 | €220,457 | €144,056 | -€76,400 | -34.7% |
| Fixed assets | 21/28 | €66,688 | €50,914 | -€15,774 | -23.7% |
| Tangible fixed assets | 22/27 | €66,688 | €50,914 | -€15,774 | -23.7% |
| Land and buildings | 22 | €15,611 | €13,328 | -€2,283 | -14.6% |
| Plant, machinery and equipment | 23 | €441 | €3,855 | +€3,413 | +773.3% |
| Furniture and vehicles | 24 | €47,136 | €30,231 | -€16,905 | -35.9% |
| Other tangible fixed assets | 26 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €153,768 | €93,142 | -€60,626 | -39.4% |
| Stocks and contracts in progress | 3 | €60,536 | - | -€60,536 | |
| Contracts in progress | 37 | €60,536 | - | -€60,536 | |
| Amounts receivable within one year | 40/41 | €31,778 | €54,339 | +€22,561 | +71.0% |
| Trade receivables | 40 | €7,237 | €40,835 | +€33,598 | +464.2% |
| Other amounts receivable | 41 | €24,541 | €13,504 | -€11,037 | -45.0% |
| Cash at bank and in hand | 54/58 | €58,407 | €34,735 | -€23,672 | -40.5% |
| Deferred charges and accrued income | 490/1 | €3,046 | €4,068 | +€1,021 | +33.5% |
| Total equity and liabilities | 10/49 | €220,457 | €144,056 | -€76,400 | -34.7% |
| Equity | 10/15 | €93,854 | €20,460 | -€73,394 | -78.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,394 | - | -€73,394 | |
| Amounts payable | 17/49 | €126,603 | €123,596 | -€3,007 | -2.4% |
| Amounts payable after more than one year | 17 | €7,055 | €550 | -€6,504 | -92.2% |
| Financial debts | 170/4 | €7,055 | €550 | -€6,504 | -92.2% |
| Amounts payable within one year | 42/48 | €116,698 | €117,358 | +€660 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €6,321 | €6,504 | +€183 | +2.9% |
| Trade debts | 44 | €36,948 | €20,660 | -€16,287 | -44.1% |
| Suppliers | 440/4 | €36,948 | €20,660 | -€16,287 | -44.1% |
| Taxes, remuneration and social security | 45 | €271 | €750 | +€479 | +176.3% |
| Taxes | 450/3 | €271 | €750 | +€479 | +176.3% |
| Other amounts payable | 47/48 | €73,157 | €89,443 | +€16,286 | +22.3% |
| Accrued charges and deferred income | 492/3 | €2,850 | €5,688 | +€2,838 | +99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,408 | €20,290 | -€117 | -0.6% |
| Other operating charges | 640/8 | €880 | €555 | -€325 | -36.9% |
| Gross operating margin | 9900 | €107,546 | €190,031 | +€82,485 | +76.7% |
| Operating profit (loss) | 9901 | €86,258 | €169,186 | +€82,928 | +96.1% |
| Financial income | 75/76B | €101 | €337 | +€236 | +234.9% |
| Recurring financial income | 75 | €101 | €337 | +€236 | +234.9% |
| Financial charges | 65/66B | €674 | €613 | -€62 | -9.2% |
| Recurring financial charges | 65 | €674 | €613 | -€62 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €85,684 | €168,910 | +€83,226 | +97.1% |
| Income taxes | 67/77 | €29,046 | €39,278 | +€10,232 | +35.2% |
| Profit (loss) for the period | 9904 | €56,638 | €129,632 | +€72,994 | +128.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,638 | €129,632 | +€72,994 | +128.9% |
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 7 October 2026 via checked.be.