DEGOTTE: 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.
What changed
DEGOTTE
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€298,210
2024 · €374,364-€76,154
Equity
€5.7m
2024 · €5.4m+€363,500
Cash
€3.6m
2024 · €2.3m+€1.2m
Balance sheet total
€30.1m
2024 · €24.5m+€5.6m
Largest movements
Assets
- Tangible fixed assets +€3.8m
up €3.8m (+31.0%), from €12.3m to €16.2m
of which Assets under construction and advance payments: +€6.1m
- Cash +€1.2m
up €1.2m (+53.1%), from €2.3m to €3.6m
mainly Depreciation (+€3.7m) and Debts after one year (+€2.7m)
- Stocks and contracts +€713,891
up €713,891 (+38.2%), from €1.9m to €2.6m
- Receivables within one year -€583,525
down €583,525 (-7.9%), from €7.4m to €6.8m
of which Trade receivables: -€1.3m
- Intangible fixed assets +€338,545
up €338,545 (+69.6%), from €486,294 to €824,839
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+26.8%), from €9.9m to €12.6m
- Current portion of long-term debt +€1.4m
up €1.4m (+116.8%), from €1.2m to €2.7m
- Short-term financial debts +€1.0m
up €1.0m (+148.4%), from €700,000 to €1.7m
- Trade debts +€696,347
up €696,347 (+22.2%), from €3.1m to €3.8m
- Advances received -€462,629
down €462,629 (-48.3%), from €958,075 to €495,447
Income statement
- Turnover +€13.0m
new in 2025: €13.0m
- Goods and materials +€12.0m
new in 2025: €12.0m
of which Purchases: +€11.8m
- Gross operating margin -€5.8m
no longer reported in 2025 (was €5.8m)
- Services and other goods +€3.1m
new in 2025: €3.1m
- Other operating income +€572,679
new in 2025: €572,679
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
€374,364
Turnover
+€13.0m
Other operating income
+€572,679
Goods and materials
-€12.0m
Services and other goods
-€3.1m
Staff costs
-€391,663
Depreciation
-€534,360
Write-downs
+€8,660
Other operating charges
+€34,096
Other operating items
+€2.6m
Financial income
+€91,507
Financial charges
-€415,262
Taxes
+€25,981
Result 2025
€298,210
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.
From operations
+€3.9m
Investment
-€7.9m
Financing
+€5.2m
Cash 2024
€2.3m
From operations (derived)
+€3.9m
Net result for the year
+€298,210
Depreciation
+€3.7m
Stocks and contracts
-€713,891
Receivables within one year
+€583,525
Deferred charges and accrued income
-€113,165
Provisions
-€8,811
Trade debts
+€696,347
Tax, wage and social debts
-€245,928
Advances received
-€462,629
Other debts
+€159,687
Investment (derived)
-€7.9m
Investment in fixed assets (net)
-€7.9m
Financing
+€5.2m
Debts after one year
+€2.7m
Current portion of long-term debt
+€1.4m
Short-term financial debts
+€1.0m
Contributions, distributions and other
+€65,290
Cash 2025
€3.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,450,416 | €30,095,076 | +€5.6m | +23.1% |
| Fixed assets | 21/28 | €12,813,080 | €16,976,309 | +€4.2m | +32.5% |
| Intangible fixed assets | 21 | €486,294 | €824,839 | +€338,545 | +69.6% |
| Tangible fixed assets | 22/27 | €12,326,786 | €16,151,469 | +€3.8m | +31.0% |
| Land and buildings | 22 | €1,082,037 | €1,369,662 | +€287,625 | +26.6% |
| Plant, machinery and equipment | 23 | €4,880,094 | €3,659,601 | -€1.2m | -25.0% |
| Furniture and vehicles | 24 | €201,866 | €235,711 | +€33,845 | +16.8% |
| Leasing and similar rights | 25 | €6,133,055 | €4,798,422 | -€1.3m | -21.8% |
| Assets under construction and advance payments | 27 | €29,734 | €6,088,074 | +€6.1m | +20375.3% |
| Current assets | 29/58 | €11,637,335 | €13,118,768 | +€1.5m | +12.7% |
| Amounts receivable after more than one year | 29 | €2,500 | €2,500 | = | 0.0% |
| Trade receivables | 290 | €2,500 | €2,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,868,484 | €2,582,375 | +€713,891 | +38.2% |
| Stocks | 30/36 | €1,868,484 | €2,582,375 | +€713,891 | +38.2% |
| Work in progress | 32 | - | €2,047,340 | +€2.0m | |
| Goods purchased for resale | 34 | - | €535,035 | +€535,035 | |
| Amounts receivable within one year | 40/41 | €7,402,716 | €6,819,191 | -€583,525 | -7.9% |
| Trade receivables | 40 | €6,470,897 | €5,130,699 | -€1.3m | -20.7% |
| Other amounts receivable | 41 | €931,820 | €1,688,492 | +€756,673 | +81.2% |
| Cash at bank and in hand | 54/58 | €2,332,714 | €3,570,616 | +€1.2m | +53.1% |
| Deferred charges and accrued income | 490/1 | €30,921 | €144,085 | +€113,165 | +366.0% |
| Total equity and liabilities | 10/49 | €24,450,416 | €30,095,076 | +€5.6m | +23.1% |
| Equity | 10/15 | €5,364,277 | €5,727,777 | +€363,500 | +6.8% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Capital | 10 | €1,300,000 | €1,300,000 | = | 0.0% |
| Issued capital | 100 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €432,744 | €414,854 | -€17,889 | -4.1% |
| Non-distributable reserves | 130/1 | €130,000 | €130,000 | = | 0.0% |
| Legal reserve | 130 | €130,000 | €130,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €302,744 | €284,854 | -€17,889 | -5.9% |
| Profit (loss) carried forward | 14 | €3,362,424 | €3,669,712 | +€307,288 | +9.1% |
| Investment grants | 15 | €269,109 | €343,211 | +€74,101 | +27.5% |
| Provisions and deferred taxes | 16 | €45,391 | €36,579 | -€8,811 | -19.4% |
| Deferred taxes | 168 | €45,391 | €36,579 | -€8,811 | -19.4% |
| Amounts payable | 17/49 | €19,040,748 | €24,330,719 | +€5.3m | +27.8% |
| Amounts payable after more than one year | 17 | €9,930,600 | €12,590,759 | +€2.7m | +26.8% |
| Financial debts | 170/4 | €9,930,600 | €12,590,759 | +€2.7m | +26.8% |
| Credit institutions | 173 | - | €9,590,759 | +€9.6m | |
| Other loans | 174 | - | €3,000,000 | +€3.0m | |
| Amounts payable within one year | 42/48 | €7,397,176 | €10,026,988 | +€2.6m | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €1,235,970 | €2,679,391 | +€1.4m | +116.8% |
| Financial debts | 43 | €700,000 | €1,738,914 | +€1.0m | +148.4% |
| Credit institutions | 430/8 | €700,000 | €1,738,914 | +€1.0m | +148.4% |
| Trade debts | 44 | €3,129,939 | €3,826,286 | +€696,347 | +22.2% |
| Suppliers | 440/4 | €3,129,939 | €3,826,286 | +€696,347 | +22.2% |
| Advances received on contracts in progress | 46 | €958,075 | €495,447 | -€462,629 | -48.3% |
| Taxes, remuneration and social security | 45 | €1,224,244 | €978,316 | -€245,928 | -20.1% |
| Taxes | 450/3 | €1,077,680 | €759,753 | -€317,927 | -29.5% |
| Remuneration and social security | 454/9 | €146,564 | €218,563 | +€71,998 | +49.1% |
| Other amounts payable | 47/48 | €148,948 | €308,635 | +€159,687 | +107.2% |
| Accrued charges and deferred income | 492/3 | €1,712,972 | €1,712,972 | = | 0.0% |
| Operating income | 70/76A | - | €22,351,145 | +€22.4m | |
| Turnover | 70 | - | €13,009,790 | +€13.0m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €870,498 | +€870,498 | |
| Own construction capitalised | 72 | - | €7,845,165 | +€7.8m | |
| Other operating income | 74 | - | €572,679 | +€572,679 | |
| Non-recurring operating income | 76A | €34,000 | €53,013 | +€19,013 | +55.9% |
| Operating charges | 60/66A | - | €21,451,739 | +€21.5m | |
| Goods for resale, raw materials and consumables | 60 | - | €11,972,331 | +€12.0m | |
| Purchases | 600/8 | - | €11,815,724 | +€11.8m | |
| Change in stocks: decrease (increase) | 609 | - | €156,607 | +€156,607 | |
| Services and other goods | 61 | - | €3,106,664 | +€3.1m | |
| Remuneration, social security and pensions | 62 | €1,849,571 | €2,241,234 | +€391,663 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,209,710 | €3,744,070 | +€534,360 | +16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,660 | - | -€8,660 | |
| Other operating charges | 640/8 | €69,894 | €35,798 | -€34,096 | -48.8% |
| Non-recurring operating charges | 66A | - | €351,642 | +€351,642 | |
| Gross operating margin | 9900 | €5,815,622 | - | -€5.8m | |
| Operating profit (loss) | 9901 | €677,786 | €899,406 | +€221,620 | +32.7% |
| Financial income | 75/76B | €15,476 | €106,983 | +€91,507 | +591.3% |
| Recurring financial income | 75 | €15,476 | €106,983 | +€91,507 | +591.3% |
| Income from financial fixed assets | 750 | - | €186 | +€186 | |
| Other financial income | 752/9 | - | €106,797 | +€106,797 | |
| Financial charges | 65/66B | €285,352 | €700,613 | +€415,262 | +145.5% |
| Recurring financial charges | 65 | €285,352 | €700,613 | +€415,262 | +145.5% |
| Debt charges | 650 | - | €685,994 | +€685,994 | |
| Other financial charges | 652/9 | - | €14,619 | +€14,619 | |
| Profit (loss) for the period before taxes | 9903 | €407,911 | €305,776 | -€102,135 | -25.0% |
| Transfer from deferred taxes | 780 | €17,622 | €17,622 | = | 0.0% |
| Income taxes | 67/77 | €51,169 | €25,188 | -€25,981 | -50.8% |
| Taxes | 670/3 | - | €25,188 | +€25,188 | |
| Profit (loss) for the period | 9904 | €374,364 | €298,210 | -€76,154 | -20.3% |
| Transfer from tax-exempt reserves | 789 | €9,078 | €9,078 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €383,443 | €307,288 | -€76,154 | -19.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.