DeGreE: 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.
DeGreE
Largest movements
- Cash -€49,645
down €49,645 (-20.0%), from €247,610 to €197,965
mainly Contributions, distributions and other (-€150,000) and Tax, wage and social debts (-€6,205)
- Receivables within one year -€31,098
down €31,098 (-46.4%), from €66,993 to €35,896
of which Trade receivables: -€28,287
- Profit (loss) carried forward -€92,349
down €92,349 (-56.6%), from €163,067 to €70,718
- Other debts +€9,740
up €9,740 (+8.2%), from €119,366 to €129,105
- Tax, wage and social debts -€6,205
down €6,205 (-19.3%), from €32,175 to €25,970
of which Taxes: -€6,446
- Gross operating margin -€40,180
down €40,180 (-22.8%), from €176,455 to €136,275
- Taxes -€10,463
down €10,463 (-32.4%), from €32,255 to €21,792
- Staff costs +€2,143
up €2,143 (+4.4%), from €48,750 to €50,894
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 | €335,720 | €250,780 | -€84,940 | -25.3% |
| Fixed assets | 21/28 | €15,858 | €12,619 | -€3,239 | -20.4% |
| Tangible fixed assets | 22/27 | €11,658 | €8,419 | -€3,239 | -27.8% |
| Plant, machinery and equipment | 23 | €2,618 | €1,728 | -€890 | -34.0% |
| Furniture and vehicles | 24 | €3,111 | €1,911 | -€1,200 | -38.6% |
| Other tangible fixed assets | 26 | €5,929 | €4,779 | -€1,150 | -19.4% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €319,862 | €238,161 | -€81,701 | -25.5% |
| Amounts receivable within one year | 40/41 | €66,993 | €35,896 | -€31,098 | -46.4% |
| Trade receivables | 40 | €63,626 | €35,339 | -€28,287 | -44.5% |
| Other amounts receivable | 41 | €3,367 | €557 | -€2,811 | -83.5% |
| Cash at bank and in hand | 54/58 | €247,610 | €197,965 | -€49,645 | -20.0% |
| Deferred charges and accrued income | 490/1 | €5,259 | €4,301 | -€959 | -18.2% |
| Total equity and liabilities | 10/49 | €335,720 | €250,780 | -€84,940 | -25.3% |
| Equity | 10/15 | €181,667 | €89,318 | -€92,349 | -50.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,067 | €70,718 | -€92,349 | -56.6% |
| Amounts payable | 17/49 | €154,053 | €161,462 | +€7,409 | +4.8% |
| Amounts payable within one year | 42/48 | €152,444 | €158,475 | +€6,031 | +4.0% |
| Trade debts | 44 | €903 | €3,399 | +€2,496 | +276% |
| Suppliers | 440/4 | €903 | €3,399 | +€2,496 | +276% |
| Taxes, remuneration and social security | 45 | €32,175 | €25,970 | -€6,205 | -19.3% |
| Taxes | 450/3 | €25,431 | €18,985 | -€6,446 | -25.3% |
| Remuneration and social security | 454/9 | €6,744 | €6,985 | +€241 | +3.6% |
| Other amounts payable | 47/48 | €119,366 | €129,105 | +€9,740 | +8.2% |
| Accrued charges and deferred income | 492/3 | €1,609 | €2,987 | +€1,378 | +85.6% |
| Remuneration, social security and pensions | 62 | €48,750 | €50,894 | +€2,143 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,125 | €3,806 | -€319 | -7.7% |
| Other operating charges | 640/8 | €838 | €1,188 | +€350 | +41.7% |
| Gross operating margin | 9900 | €176,455 | €136,275 | -€40,180 | -22.8% |
| Operating profit (loss) | 9901 | €122,741 | €80,387 | -€42,354 | -34.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €1,410 | €944 | -€466 | -33.1% |
| Recurring financial charges | 65 | €1,410 | €944 | -€466 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €121,332 | €79,443 | -€41,888 | -34.5% |
| Income taxes | 67/77 | €32,255 | €21,792 | -€10,463 | -32.4% |
| Profit (loss) for the period | 9904 | €89,077 | €57,651 | -€31,426 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,077 | €57,651 | -€31,426 | -35.3% |
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 22 October 2026 via checked.be.