DEGRANDE DANIEL: 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.
DEGRANDE DANIEL
Largest movements
- Current investments +€200,000
up €200,000 (+66.7%), from €300,000 to €500,000
- Receivables within one year +€80,074
up €80,074 (+52.1%), from €153,552 to €233,626
of which Trade receivables: +€115,654
- Tangible fixed assets -€25,076
down €25,076 (-18.7%), from €134,424 to €109,348
of which Plant, machinery and equipment: -€35,933
- Cash -€19,267
down €19,267 (-3.8%), from €506,889 to €487,622
mainly Current investments (-€200,000) and Contributions, distributions and other (-€120,000)
- Reserves +€248,002
up €248,002 (+34.2%), from €725,542 to €973,544
of which Distributable reserves: +€248,002
- Trade debts -€58,891
down €58,891 (-34.6%), from €169,973 to €111,082
- Accrued charges and deferred income +€39,521
up €39,521 (+3,679%), from €1,074 to €40,595
- Other debts +€25,565
up €25,565 (+21.1%), from €121,263 to €146,827
- Gross operating margin -€51,589
down €51,589 (-7.1%), from €727,077 to €675,488
- Staff costs -€42,266
down €42,266 (-20.1%), from €210,320 to €168,054
- Write-downs -€20,800
down €20,800 (-100%), from €20,800 to €0
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.
Derived cash bridge
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 | €1,183,193 | €1,429,973 | +€246,780 | +20.9% |
| Fixed assets | 21/28 | €134,424 | €109,348 | -€25,076 | -18.7% |
| Tangible fixed assets | 22/27 | €134,424 | €109,348 | -€25,076 | -18.7% |
| Land and buildings | 22 | €44,956 | €61,405 | +€16,449 | +36.6% |
| Plant, machinery and equipment | 23 | €81,044 | €45,112 | -€35,933 | -44.3% |
| Furniture and vehicles | 24 | €8,423 | €2,831 | -€5,592 | -66.4% |
| Current assets | 29/58 | €1,048,769 | €1,320,625 | +€271,856 | +25.9% |
| Stocks and contracts in progress | 3 | €83,330 | €86,945 | +€3,615 | +4.3% |
| Stocks | 30/36 | €83,330 | €86,945 | +€3,615 | +4.3% |
| Amounts receivable within one year | 40/41 | €153,552 | €233,626 | +€80,074 | +52.1% |
| Trade receivables | 40 | €117,972 | €233,626 | +€115,654 | +98.0% |
| Other amounts receivable | 41 | €35,580 | €0 | -€35,580 | -100% |
| Current investments | 50/53 | €300,000 | €500,000 | +€200,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €506,889 | €487,622 | -€19,267 | -3.8% |
| Deferred charges and accrued income | 490/1 | €4,999 | €12,432 | +€7,433 | +149% |
| Total equity and liabilities | 10/49 | €1,183,193 | €1,429,973 | +€246,780 | +20.9% |
| Equity | 10/15 | €863,542 | €1,111,544 | +€248,002 | +28.7% |
| Contributions | 10/11 | €138,000 | €138,000 | = | 0.0% |
| Reserves | 13 | €725,542 | €973,544 | +€248,002 | +34.2% |
| Tax-exempt reserves | 132 | €43,382 | €43,382 | = | 0.0% |
| Distributable reserves | 133 | €682,160 | €930,162 | +€248,002 | +36.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €319,651 | €318,429 | -€1,222 | -0.4% |
| Amounts payable within one year | 42/48 | €318,577 | €277,834 | -€40,743 | -12.8% |
| Trade debts | 44 | €169,973 | €111,082 | -€58,891 | -34.6% |
| Suppliers | 440/4 | €169,973 | €111,082 | -€58,891 | -34.6% |
| Taxes, remuneration and social security | 45 | €27,341 | €19,924 | -€7,417 | -27.1% |
| Taxes | 450/3 | €6,753 | €12,006 | +€5,254 | +77.8% |
| Remuneration and social security | 454/9 | €20,588 | €7,918 | -€12,670 | -61.5% |
| Other amounts payable | 47/48 | €121,263 | €146,827 | +€25,565 | +21.1% |
| Accrued charges and deferred income | 492/3 | €1,074 | €40,595 | +€39,521 | +3,679% |
| Remuneration, social security and pensions | 62 | €210,320 | €168,054 | -€42,266 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,957 | €48,655 | -€302 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,800 | €0 | -€20,800 | -100% |
| Other operating charges | 640/8 | €10,439 | €10,258 | -€181 | -1.7% |
| Gross operating margin | 9900 | €727,077 | €675,488 | -€51,589 | -7.1% |
| Operating profit (loss) | 9901 | €436,562 | €448,521 | +€11,960 | +2.7% |
| Financial income | 75/76B | €11,753 | €10,633 | -€1,120 | -9.5% |
| Recurring financial income | 75 | €11,753 | €10,633 | -€1,120 | -9.5% |
| Financial charges | 65/66B | €3,310 | €3,770 | +€460 | +13.9% |
| Recurring financial charges | 65 | €3,310 | €3,770 | +€460 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €445,004 | €455,383 | +€10,379 | +2.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €94,059 | €87,382 | -€6,678 | -7.1% |
| Profit (loss) for the period | 9904 | €350,945 | €368,002 | +€17,057 | +4.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €350,945 | €368,002 | +€17,057 | +4.9% |
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 13 October 2026 via checked.be.