Degreef Engineering: 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.
Degreef Engineering
Largest movements
- Receivables within one year +€45,822
up €45,822 (+108.6%), from €42,202 to €88,025
of which Other amounts receivable: +€23,817
- Tangible fixed assets +€28,850
up €28,850 (+565.6%), from €5,101 to €33,951
of which Furniture and vehicles: +€29,887
- Cash -€18,951
down €18,951 (-17.0%), from €111,443 to €92,492
mainly Receivables within one year (-€45,822) and Investment in fixed assets (net) (-€31,866)
- Deferred charges and accrued income -€14,901
down €14,901 (-44.1%), from €33,814 to €18,913
- Reserves +€10,559
up €10,559 (+11.2%), from €94,353 to €104,913
- Debts after one year +€9,314
new in 2025: €9,314
- Tax, wage and social debts +€7,395
up €7,395 (+41.8%), from €17,672 to €25,068
of which Taxes: +€7,195
- Trade debts +€5,674
up €5,674 (+12.8%), from €44,157 to €49,831
- Current portion of long-term debt +€4,885
new in 2025: €4,885
- Gross operating margin -€18,584
down €18,584 (-37.8%), from €49,130 to €30,546
- Financial charges +€3,076
up €3,076 (+57.4%), from €5,354 to €8,429
- Taxes -€2,858
down €2,858 (-31.4%), from €9,114 to €6,256
- Other operating charges +€1,589
up €1,589 (+228.1%), from €697 to €2,286
- Depreciation +€849
up €849 (+39.2%), from €2,167 to €3,016
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 | €210,561 | €251,381 | +€40,820 | +19.4% |
| Fixed assets | 21/28 | €5,101 | €33,951 | +€28,850 | +565.6% |
| Tangible fixed assets | 22/27 | €5,101 | €33,951 | +€28,850 | +565.6% |
| Plant, machinery and equipment | 23 | €3,606 | €2,569 | -€1,037 | -28.8% |
| Furniture and vehicles | 24 | €1,495 | €31,382 | +€29,887 | +1999.5% |
| Current assets | 29/58 | €205,460 | €217,430 | +€11,970 | +5.8% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,202 | €88,025 | +€45,822 | +108.6% |
| Trade receivables | 40 | €42,202 | €64,208 | +€22,006 | +52.1% |
| Other amounts receivable | 41 | - | €23,817 | +€23,817 | |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €111,443 | €92,492 | -€18,951 | -17.0% |
| Deferred charges and accrued income | 490/1 | €33,814 | €18,913 | -€14,901 | -44.1% |
| Total equity and liabilities | 10/49 | €210,561 | €251,381 | +€40,820 | +19.4% |
| Equity | 10/15 | €97,353 | €107,913 | +€10,559 | +10.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,353 | €104,913 | +€10,559 | +11.2% |
| Distributable reserves | 133 | €94,353 | €104,913 | +€10,559 | +11.2% |
| Amounts payable | 17/49 | €113,207 | €143,468 | +€30,261 | +26.7% |
| Amounts payable after more than one year | 17 | - | €9,314 | +€9,314 | |
| Financial debts | 170/4 | - | €9,314 | +€9,314 | |
| Amounts payable within one year | 42/48 | €113,207 | €134,155 | +€20,947 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,885 | +€4,885 | |
| Trade debts | 44 | €44,157 | €49,831 | +€5,674 | +12.8% |
| Suppliers | 440/4 | €44,157 | €49,831 | +€5,674 | +12.8% |
| Taxes, remuneration and social security | 45 | €17,672 | €25,068 | +€7,395 | +41.8% |
| Taxes | 450/3 | €15,872 | €23,068 | +€7,195 | +45.3% |
| Remuneration and social security | 454/9 | €1,800 | €2,000 | +€200 | +11.1% |
| Other amounts payable | 47/48 | €51,378 | €54,371 | +€2,993 | +5.8% |
| Non-recurring operating income | 76A | €59,358 | €5,361 | -€53,997 | -91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €3,016 | +€849 | +39.2% |
| Other operating charges | 640/8 | €697 | €2,286 | +€1,589 | +228.1% |
| Gross operating margin | 9900 | €49,130 | €30,546 | -€18,584 | -37.8% |
| Operating profit (loss) | 9901 | €46,267 | €25,245 | -€21,022 | -45.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,354 | €8,429 | +€3,076 | +57.4% |
| Recurring financial charges | 65 | €5,354 | €8,429 | +€3,076 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €40,913 | €16,815 | -€24,098 | -58.9% |
| Income taxes | 67/77 | €9,114 | €6,256 | -€2,858 | -31.4% |
| Profit (loss) for the period | 9904 | €31,799 | €10,559 | -€21,240 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,799 | €10,559 | -€21,240 | -66.8% |
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 29 September 2026 via checked.be.