DEGRAND ENGINEERING: 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.
DEGRAND ENGINEERING
Largest movements
- Receivables within one year +€53,448
up €53,448 (+75.4%), from €70,863 to €124,311
of which Trade receivables: +€84,497
- Cash +€42,672
up €42,672 (+37.6%), from €113,488 to €156,160
mainly Total equity and liabilities (+€92,464) and Net result for the year (+€83,359)
- Total equity and liabilities +€92,464
up €92,464 (+48.1%), from €192,354 to €284,819
of which Debts: +€137,309
- Gross operating margin +€28,154
up €28,154 (+32.9%), from €85,561 to €113,714
- Taxes +€8,052
up €8,052 (+49.5%), from €16,272 to €24,323
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 | €192,354 | €284,819 | +€92,464 | +48.1% |
| Fixed assets | 21/28 | €4,363 | €2,157 | -€2,206 | -50.6% |
| Tangible fixed assets | 22/27 | €4,363 | €2,157 | -€2,206 | -50.6% |
| Plant, machinery and equipment | 23 | €1,663 | €531 | -€1,133 | -68.1% |
| Furniture and vehicles | 24 | €2,700 | €1,626 | -€1,074 | -39.8% |
| Current assets | 29/58 | €187,991 | €282,661 | +€94,670 | +50.4% |
| Amounts receivable within one year | 40/41 | €70,863 | €124,311 | +€53,448 | +75.4% |
| Trade receivables | 40 | €34,003 | €118,500 | +€84,497 | +248.5% |
| Other amounts receivable | 41 | €36,860 | €5,811 | -€31,048 | -84.2% |
| Cash at bank and in hand | 54/58 | €113,488 | €156,160 | +€42,672 | +37.6% |
| Deferred charges and accrued income | 490/1 | €3,640 | €2,190 | -€1,450 | -39.8% |
| Total equity and liabilities | 10/49 | €192,354 | €284,819 | +€92,464 | +48.1% |
| Equity | 10/15 | €172,916 | €197,451 | +€24,535 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €167,900 | €191,900 | +€24,000 | +14.3% |
| Distributable reserves | 133 | €167,900 | €191,900 | +€24,000 | +14.3% |
| Profit (loss) carried forward | 14 | €16 | €551 | +€535 | +3425.3% |
| Amounts payable | 17/49 | €19,439 | €156,747 | +€137,309 | +706.4% |
| Amounts payable within one year | 42/48 | €19,439 | €156,747 | +€137,309 | +706.4% |
| Financial debts | 43 | €3,395 | €3,600 | +€204 | +6.0% |
| Credit institutions | 430/8 | €3,395 | €3,600 | +€204 | +6.0% |
| Trade debts | 44 | €1,459 | €89,409 | +€87,949 | +6027.9% |
| Suppliers | 440/4 | €1,459 | €89,409 | +€87,949 | +6027.9% |
| Taxes, remuneration and social security | 45 | €12,454 | €19,239 | +€6,785 | +54.5% |
| Taxes | 450/3 | €12,454 | €19,239 | +€6,785 | +54.5% |
| Other amounts payable | 47/48 | €2,130 | €58,824 | +€56,693 | +2661.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,883 | €2,206 | +€323 | +17.2% |
| Other operating charges | 640/8 | €1,009 | €976 | -€34 | -3.3% |
| Non-recurring operating charges | 66A | €3,459 | €0 | -€3,459 | -100.0% |
| Gross operating margin | 9900 | €85,561 | €113,714 | +€28,154 | +32.9% |
| Operating profit (loss) | 9901 | €79,210 | €110,533 | +€31,323 | +39.5% |
| Financial income | 75/76B | €0 | €27 | +€27 | |
| Recurring financial income | 75 | €0 | €27 | +€27 | |
| Financial charges | 65/66B | €2,925 | €2,878 | -€46 | -1.6% |
| Recurring financial charges | 65 | €2,925 | €2,878 | -€46 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €76,285 | €107,682 | +€31,397 | +41.2% |
| Income taxes | 67/77 | €16,272 | €24,323 | +€8,052 | +49.5% |
| Profit (loss) for the period | 9904 | €60,014 | €83,359 | +€23,345 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,014 | €83,359 | +€23,345 | +38.9% |
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 12 October 2026 via checked.be.