DEGRANDE M: 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 M
Largest movements
- Cash +€51,844
up €51,844 (+1172.1%), from €4,423 to €56,267
mainly Other debts (+€66,234) and Net result for the year (+€19,274)
- Stocks and contracts +€40,200
up €40,200 (+34.1%), from €117,950 to €158,150
- Receivables within one year -€9,867
down €9,867 (-47.6%), from €20,722 to €10,855
of which Trade receivables: -€12,636
- Tangible fixed assets -€3,759
down €3,759 (-33.0%), from €11,392 to €7,633
of which Furniture and vehicles: -€2,107
- Other debts +€66,234
up €66,234 (+517.1%), from €12,809 to €79,043
- Reserves +€19,274
up €19,274 (+19.8%), from €97,440 to €116,714
- Trade debts -€7,876
down €7,876 (-60.6%), from €13,004 to €5,128
- Gross operating margin -€30,162
down €30,162 (-47.8%), from €63,117 to €32,955
- Taxes -€6,104
down €6,104 (-55.2%), from €11,052 to €4,947
- Depreciation +€994
up €994 (+32.4%), from €3,066 to €4,060
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 | €154,788 | €233,408 | +€78,620 | +50.8% |
| Formation expenses | 20 | €300 | €0 | -€300 | -100.0% |
| Fixed assets | 21/28 | €11,392 | €7,633 | -€3,759 | -33.0% |
| Tangible fixed assets | 22/27 | €11,392 | €7,633 | -€3,759 | -33.0% |
| Plant, machinery and equipment | 23 | €6,772 | €5,120 | -€1,652 | -24.4% |
| Furniture and vehicles | 24 | €4,620 | €2,513 | -€2,107 | -45.6% |
| Current assets | 29/58 | €143,095 | €225,775 | +€82,680 | +57.8% |
| Stocks and contracts in progress | 3 | €117,950 | €158,150 | +€40,200 | +34.1% |
| Stocks | 30/36 | €117,950 | €158,150 | +€40,200 | +34.1% |
| Amounts receivable within one year | 40/41 | €20,722 | €10,855 | -€9,867 | -47.6% |
| Trade receivables | 40 | €13,438 | €802 | -€12,636 | -94.0% |
| Other amounts receivable | 41 | €7,284 | €10,053 | +€2,769 | +38.0% |
| Cash at bank and in hand | 54/58 | €4,423 | €56,267 | +€51,844 | +1172.1% |
| Deferred charges and accrued income | 490/1 | - | €503 | +€503 | |
| Total equity and liabilities | 10/49 | €154,788 | €233,408 | +€78,620 | +50.8% |
| Equity | 10/15 | €117,440 | €136,714 | +€19,274 | +16.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,440 | €116,714 | +€19,274 | +19.8% |
| Distributable reserves | 133 | €97,440 | €116,714 | +€19,274 | +19.8% |
| Amounts payable | 17/49 | €37,348 | €96,694 | +€59,346 | +158.9% |
| Amounts payable within one year | 42/48 | €37,348 | €96,694 | +€59,346 | +158.9% |
| Trade debts | 44 | €13,004 | €5,128 | -€7,876 | -60.6% |
| Suppliers | 440/4 | €13,004 | €5,128 | -€7,876 | -60.6% |
| Taxes, remuneration and social security | 45 | €11,535 | €12,522 | +€988 | +8.6% |
| Taxes | 450/3 | €11,535 | €12,522 | +€988 | +8.6% |
| Other amounts payable | 47/48 | €12,809 | €79,043 | +€66,234 | +517.1% |
| Non-recurring operating income | 76A | €6,984 | €0 | -€6,984 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,066 | €4,060 | +€994 | +32.4% |
| Other operating charges | 640/8 | €1,655 | €1,453 | -€202 | -12.2% |
| Gross operating margin | 9900 | €63,117 | €32,955 | -€30,162 | -47.8% |
| Operating profit (loss) | 9901 | €58,396 | €27,442 | -€30,954 | -53.0% |
| Financial income | 75/76B | €2 | €2 | -€0 | -5.3% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -5.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,345 | €3,222 | -€123 | -3.7% |
| Recurring financial charges | 65 | €3,345 | €3,222 | -€123 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €55,053 | €24,222 | -€30,831 | -56.0% |
| Income taxes | 67/77 | €11,052 | €4,947 | -€6,104 | -55.2% |
| Profit (loss) for the period | 9904 | €44,001 | €19,274 | -€24,727 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,001 | €19,274 | -€24,727 | -56.2% |
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 6 October 2026 via checked.be.