DEGRATACK: 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.
DEGRATACK
Largest movements
- Current investments +€249,000
up €249,000 (+249%), from €100,000 to €349,000
- Cash -€127,881
down €127,881 (-36.2%), from €353,732 to €225,851
mainly Current investments (-€249,000) and Accrued charges and deferred income (-€118,706)
- Receivables within one year -€34,024
down €34,024 (-41.5%), from €82,074 to €48,050
of which Trade receivables: -€54,010
- Tangible fixed assets +€18,513
up €18,513 (+264%), from €6,999 to €25,512
- Reserves +€202,645
up €202,645 (+79.0%), from €256,474 to €459,120
- Accrued charges and deferred income -€118,706
down €118,706 (-56.6%), from €209,819 to €91,112
- Trade debts +€21,000
new in 2025: €21,000
- Gross operating margin +€77,197
up €77,197 (+39.7%), from €194,247 to €271,444
- Taxes +€10,644
up €10,644 (+18.7%), from €56,919 to €67,564
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 | €542,805 | €648,413 | +€105,608 | +19.5% |
| Fixed assets | 21/28 | €6,999 | €25,512 | +€18,513 | +264% |
| Tangible fixed assets | 22/27 | €6,999 | €25,512 | +€18,513 | +264% |
| Plant, machinery and equipment | 23 | €6,999 | €25,512 | +€18,513 | +264% |
| Current assets | 29/58 | €535,806 | €622,901 | +€87,096 | +16.3% |
| Amounts receivable within one year | 40/41 | €82,074 | €48,050 | -€34,024 | -41.5% |
| Trade receivables | 40 | €82,074 | €28,064 | -€54,010 | -65.8% |
| Other amounts receivable | 41 | - | €19,986 | +€19,986 | |
| Current investments | 50/53 | €100,000 | €349,000 | +€249,000 | +249% |
| Cash at bank and in hand | 54/58 | €353,732 | €225,851 | -€127,881 | -36.2% |
| Total equity and liabilities | 10/49 | €542,805 | €648,413 | +€105,608 | +19.5% |
| Equity | 10/15 | €266,474 | €469,120 | +€202,645 | +76.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €256,474 | €459,120 | +€202,645 | +79.0% |
| Distributable reserves | 133 | €256,474 | €459,120 | +€202,645 | +79.0% |
| Amounts payable | 17/49 | €276,331 | €179,294 | -€97,037 | -35.1% |
| Amounts payable within one year | 42/48 | €66,512 | €88,181 | +€21,669 | +32.6% |
| Trade debts | 44 | - | €21,000 | +€21,000 | |
| Suppliers | 440/4 | - | €21,000 | +€21,000 | |
| Taxes, remuneration and social security | 45 | €66,382 | €67,051 | +€669 | +1.0% |
| Taxes | 450/3 | €66,382 | €67,051 | +€669 | +1.0% |
| Other amounts payable | 47/48 | €130 | €130 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €209,819 | €91,112 | -€118,706 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,751 | €2,487 | +€736 | +42.1% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €194,247 | €271,444 | +€77,197 | +39.7% |
| Operating profit (loss) | 9901 | €192,496 | €268,570 | +€76,073 | +39.5% |
| Financial income | 75/76B | €854 | €1,720 | +€866 | +101% |
| Recurring financial income | 75 | €854 | €1,720 | +€866 | +101% |
| Financial charges | 65/66B | €167 | €80 | -€87 | -51.9% |
| Recurring financial charges | 65 | €167 | €80 | -€87 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €193,183 | €270,209 | +€77,026 | +39.9% |
| Income taxes | 67/77 | €56,919 | €67,564 | +€10,644 | +18.7% |
| Profit (loss) for the period | 9904 | €136,264 | €202,645 | +€66,381 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,264 | €202,645 | +€66,381 | +48.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.