Degrauwe Constructie: 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.
Degrauwe Constructie
Largest movements
- Tangible fixed assets +€88,805
up €88,805 (+11.7%), from €757,016 to €845,821
of which Plant, machinery and equipment: +€69,553
- Receivables within one year +€70,611
up €70,611 (+33.6%), from €210,190 to €280,801
of which Trade receivables: +€76,195
- Cash +€15,490
up €15,490 (+328%), from €4,729 to €20,219
mainly Debts after one year (+€92,697) and Net result for the year (+€80,234)
- Stocks and contracts -€13,742
down €13,742 (-13.2%), from €103,908 to €90,166
of which Contracts in progress: -€36,169
- Debts after one year +€92,697
up €92,697 (+11.3%), from €818,791 to €911,488
- Reserves +€80,234
up €80,234 (+126%), from €63,620 to €143,854
- Trade debts -€49,623
down €49,623 (-74.1%), from €66,979 to €17,356
- Current portion of long-term debt +€37,678
up €37,678 (+79.9%), from €47,160 to €84,838
- Gross operating margin +€66,159
up €66,159 (+39.8%), from €166,186 to €232,344
- Taxes +€22,057
up €22,057 (+363%), from €6,070 to €28,127
- Staff costs +€16,313
up €16,313 (+78.6%), from €20,756 to €37,069
- Depreciation +€6,541
up €6,541 (+12.5%), from €52,252 to €58,793
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 | €1,076,211 | €1,240,501 | +€164,290 | +15.3% |
| Fixed assets | 21/28 | €757,383 | €845,948 | +€88,565 | +11.7% |
| Intangible fixed assets | 21 | €367 | €127 | -€240 | -65.4% |
| Tangible fixed assets | 22/27 | €757,016 | €845,821 | +€88,805 | +11.7% |
| Land and buildings | 22 | €674,671 | €665,684 | -€8,987 | -1.3% |
| Plant, machinery and equipment | 23 | €47,698 | €117,251 | +€69,553 | +146% |
| Furniture and vehicles | 24 | €21,143 | €56,149 | +€35,007 | +166% |
| Leasing and similar rights | 25 | €13,505 | €6,737 | -€6,768 | -50.1% |
| Current assets | 29/58 | €318,828 | €394,553 | +€75,725 | +23.8% |
| Stocks and contracts in progress | 3 | €103,908 | €90,166 | -€13,742 | -13.2% |
| Stocks | 30/36 | €31,570 | €53,996 | +€22,426 | +71.0% |
| Contracts in progress | 37 | €72,339 | €36,170 | -€36,169 | -50.0% |
| Amounts receivable within one year | 40/41 | €210,190 | €280,801 | +€70,611 | +33.6% |
| Trade receivables | 40 | €194,305 | €270,499 | +€76,195 | +39.2% |
| Other amounts receivable | 41 | €15,885 | €10,301 | -€5,584 | -35.2% |
| Cash at bank and in hand | 54/58 | €4,729 | €20,219 | +€15,490 | +328% |
| Deferred charges and accrued income | 490/1 | - | €3,367 | +€3,367 | |
| Total equity and liabilities | 10/49 | €1,076,211 | €1,240,501 | +€164,290 | +15.3% |
| Equity | 10/15 | €73,620 | €153,854 | +€80,234 | +109% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €63,620 | €143,854 | +€80,234 | +126% |
| Distributable reserves | 133 | €63,620 | €143,854 | +€80,234 | +126% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,002,591 | €1,086,647 | +€84,056 | +8.4% |
| Amounts payable after more than one year | 17 | €818,791 | €911,488 | +€92,697 | +11.3% |
| Financial debts | 170/4 | €818,791 | €911,488 | +€92,697 | +11.3% |
| Amounts payable within one year | 42/48 | €182,882 | €174,283 | -€8,598 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €47,160 | €84,838 | +€37,678 | +79.9% |
| Trade debts | 44 | €66,979 | €17,356 | -€49,623 | -74.1% |
| Suppliers | 440/4 | €66,979 | €17,356 | -€49,623 | -74.1% |
| Taxes, remuneration and social security | 45 | €6,855 | €13,452 | +€6,596 | +96.2% |
| Taxes | 450/3 | €5,617 | €7,119 | +€1,501 | +26.7% |
| Remuneration and social security | 454/9 | €1,238 | €6,333 | +€5,095 | +412% |
| Other amounts payable | 47/48 | €61,888 | €58,638 | -€3,250 | -5.3% |
| Accrued charges and deferred income | 492/3 | €918 | €876 | -€42 | -4.6% |
| Non-recurring operating income | 76A | €315 | €0 | -€315 | -100% |
| Remuneration, social security and pensions | 62 | €20,756 | €37,069 | +€16,313 | +78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,252 | €58,793 | +€6,541 | +12.5% |
| Other operating charges | 640/8 | €4,337 | €4,564 | +€227 | +5.2% |
| Non-recurring operating charges | 66A | €255 | €0 | -€255 | -100% |
| Gross operating margin | 9900 | €166,186 | €232,344 | +€66,159 | +39.8% |
| Operating profit (loss) | 9901 | €88,585 | €131,918 | +€43,333 | +48.9% |
| Financial income | 75/76B | €910 | €1,470 | +€559 | +61.4% |
| Recurring financial income | 75 | €910 | €1,470 | +€559 | +61.4% |
| Financial charges | 65/66B | €24,773 | €25,027 | +€255 | +1.0% |
| Recurring financial charges | 65 | €24,773 | €25,027 | +€255 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €64,723 | €108,361 | +€43,637 | +67.4% |
| Income taxes | 67/77 | €6,070 | €28,127 | +€22,057 | +363% |
| Profit (loss) for the period | 9904 | €58,653 | €80,234 | +€21,581 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,653 | €80,234 | +€21,581 | +36.8% |
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 19 October 2026 via checked.be.