DEGRANDE: 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.
DEGRANDE
Largest movements
- Tangible fixed assets -€154,296
down €154,296 (-21.8%), from €708,685 to €554,388
of which Furniture and vehicles: -€128,986
- Stocks and contracts -€45,910
down €45,910 (-31.0%), from €147,914 to €102,004
- Cash -€42,561
down €42,561 (-49.8%), from €85,516 to €42,955
mainly Net result for the year (-€192,085) and Debts after one year (-€64,516)
- Receivables within one year -€22,338
down €22,338 (-25.4%), from €87,991 to €65,654
of which Other amounts receivable: -€12,458
- Profit (loss) carried forward -€177,085
down €177,085, from €38,445 to -€138,640
- Debts after one year -€64,516
down €64,516 (-15.0%), from €429,572 to €365,056
- Current portion of long-term debt -€21,108
down €21,108 (-16.5%), from €128,085 to €106,977
- Other debts +€19,031
up €19,031 (+42.8%), from €44,448 to €63,479
- Reserves -€15,000
down €15,000 (-5.5%), from €272,121 to €257,121
of which Tax-exempt reserves: -€15,000
- Gross operating margin -€196,947
down €196,947 (-45.9%), from €429,069 to €232,122
- Financial charges -€6,284
down €6,284 (-19.8%), from €31,730 to €25,446
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 | €1,056,259 | €787,701 | -€268,558 | -25.4% |
| Fixed assets | 21/28 | €710,770 | €556,473 | -€154,296 | -21.7% |
| Tangible fixed assets | 22/27 | €708,685 | €554,388 | -€154,296 | -21.8% |
| Plant, machinery and equipment | 23 | €38,785 | €25,304 | -€13,480 | -34.8% |
| Furniture and vehicles | 24 | €483,833 | €354,848 | -€128,986 | -26.7% |
| Leasing and similar rights | 25 | €175,506 | €160,881 | -€14,626 | -8.3% |
| Other tangible fixed assets | 26 | €10,561 | €13,356 | +€2,795 | +26.5% |
| Financial fixed assets | 28 | €2,085 | €2,085 | = | 0.0% |
| Current assets | 29/58 | €345,490 | €231,228 | -€114,262 | -33.1% |
| Stocks and contracts in progress | 3 | €147,914 | €102,004 | -€45,910 | -31.0% |
| Stocks | 30/36 | €147,914 | €102,004 | -€45,910 | -31.0% |
| Amounts receivable within one year | 40/41 | €87,991 | €65,654 | -€22,338 | -25.4% |
| Trade receivables | 40 | €74,683 | €64,804 | -€9,880 | -13.2% |
| Other amounts receivable | 41 | €13,308 | €850 | -€12,458 | -93.6% |
| Cash at bank and in hand | 54/58 | €85,516 | €42,955 | -€42,561 | -49.8% |
| Deferred charges and accrued income | 490/1 | €24,069 | €20,616 | -€3,453 | -14.3% |
| Total equity and liabilities | 10/49 | €1,056,259 | €787,701 | -€268,558 | -25.4% |
| Equity | 10/15 | €379,185 | €186,100 | -€193,085 | -50.9% |
| Contributions | 10/11 | €66,931 | €66,931 | = | 0.0% |
| Reserves | 13 | €272,121 | €257,121 | -€15,000 | -5.5% |
| Tax-exempt reserves | 132 | €48,616 | €33,616 | -€15,000 | -30.9% |
| Distributable reserves | 133 | €223,505 | €223,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,445 | -€138,640 | -€177,085 | |
| Investment grants | 15 | €1,688 | €688 | -€1,000 | -59.3% |
| Amounts payable | 17/49 | €677,074 | €601,601 | -€75,473 | -11.1% |
| Amounts payable after more than one year | 17 | €429,572 | €365,056 | -€64,516 | -15.0% |
| Financial debts | 170/4 | €429,572 | €365,056 | -€64,516 | -15.0% |
| Amounts payable within one year | 42/48 | €242,358 | €233,538 | -€8,820 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €128,085 | €106,977 | -€21,108 | -16.5% |
| Trade debts | 44 | €36,533 | €25,449 | -€11,085 | -30.3% |
| Suppliers | 440/4 | €36,533 | €25,449 | -€11,085 | -30.3% |
| Taxes, remuneration and social security | 45 | €33,291 | €37,633 | +€4,341 | +13.0% |
| Taxes | 450/3 | €7,023 | €12,254 | +€5,232 | +74.5% |
| Remuneration and social security | 454/9 | €26,269 | €25,378 | -€890 | -3.4% |
| Other amounts payable | 47/48 | €44,448 | €63,479 | +€19,031 | +42.8% |
| Accrued charges and deferred income | 492/3 | €5,144 | €3,007 | -€2,137 | -41.5% |
| Remuneration, social security and pensions | 62 | €178,960 | €178,946 | -€13 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,210 | €206,954 | +€3,744 | +1.8% |
| Other operating charges | 640/8 | €16,456 | €14,033 | -€2,423 | -14.7% |
| Gross operating margin | 9900 | €429,069 | €232,122 | -€196,947 | -45.9% |
| Operating profit (loss) | 9901 | €30,443 | -€167,812 | -€198,255 | |
| Financial income | 75/76B | €1,079 | €1,172 | +€93 | +8.7% |
| Recurring financial income | 75 | €1,079 | €1,172 | +€93 | +8.7% |
| Financial charges | 65/66B | €31,730 | €25,446 | -€6,284 | -19.8% |
| Recurring financial charges | 65 | €31,730 | €25,446 | -€6,284 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€208 | -€192,085 | -€191,877 | -92408.7% |
| Income taxes | 67/77 | €2,270 | €0 | -€2,270 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,478 | -€192,085 | -€189,607 | -7652.5% |
| Transfer from tax-exempt reserves | 789 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,522 | -€177,085 | -€189,607 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.