DEGREEF IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€25,021
down €25,021 (-20.0%), from €125,278 to €100,257
of which Land and buildings: -€13,529
- Receivables within one year -€2,219
down €2,219 (-39.6%), from €5,604 to €3,385
of which Other amounts receivable: -€3,287
- Profit (loss) carried forward -€20,041
down €20,041 (-100.5%), from -€19,938 to -€39,979
- Debts after one year -€11,077
down €11,077 (-33.9%), from €32,702 to €21,625
- Other debts +€4,625
up €4,625 (+6.2%), from €74,773 to €79,397
- Tax, wage and social debts -€1,350
down €1,350 (-100.0%), from €1,350 to €0
of which Taxes: -€750
- Taxes -€1,098
no longer reported in 2025 (was €1,098)
- Depreciation +€885
up €885 (+3.7%), from €24,137 to €25,021
- Gross operating margin -€705
down €705 (-5.6%), from €12,693 to €11,988
- Financial charges -€408
down €408 (-16.2%), from €2,524 to €2,116
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 | €132,164 | €105,670 | -€26,495 | -20.0% |
| Fixed assets | 21/28 | €125,278 | €100,257 | -€25,021 | -20.0% |
| Tangible fixed assets | 22/27 | €125,278 | €100,257 | -€25,021 | -20.0% |
| Land and buildings | 22 | €82,174 | €68,645 | -€13,529 | -16.5% |
| Furniture and vehicles | 24 | €43,104 | €31,612 | -€11,492 | -26.7% |
| Current assets | 29/58 | €6,886 | €5,413 | -€1,474 | -21.4% |
| Amounts receivable within one year | 40/41 | €5,604 | €3,385 | -€2,219 | -39.6% |
| Trade receivables | 40 | €1,698 | €2,766 | +€1,068 | +62.9% |
| Other amounts receivable | 41 | €3,906 | €619 | -€3,287 | -84.1% |
| Cash at bank and in hand | 54/58 | €481 | €1,179 | +€698 | +145.0% |
| Deferred charges and accrued income | 490/1 | €801 | €849 | +€48 | +6.0% |
| Total equity and liabilities | 10/49 | €132,164 | €105,670 | -€26,495 | -20.0% |
| Equity | 10/15 | €8,978 | -€11,063 | -€20,041 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,317 | €10,317 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,457 | €8,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,938 | -€39,979 | -€20,041 | -100.5% |
| Amounts payable | 17/49 | €123,186 | €116,732 | -€6,454 | -5.2% |
| Amounts payable after more than one year | 17 | €32,702 | €21,625 | -€11,077 | -33.9% |
| Financial debts | 170/4 | €32,702 | €21,625 | -€11,077 | -33.9% |
| Amounts payable within one year | 42/48 | €90,484 | €95,107 | +€4,623 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €10,553 | €11,077 | +€524 | +5.0% |
| Trade debts | 44 | €3,808 | €4,633 | +€825 | +21.7% |
| Suppliers | 440/4 | €3,808 | €4,633 | +€825 | +21.7% |
| Taxes, remuneration and social security | 45 | €1,350 | €0 | -€1,350 | -100.0% |
| Taxes | 450/3 | €750 | €0 | -€750 | -100.0% |
| Remuneration and social security | 454/9 | €600 | €0 | -€600 | -100.0% |
| Other amounts payable | 47/48 | €74,773 | €79,397 | +€4,625 | +6.2% |
| Non-recurring operating income | 76A | €1,993 | €2,959 | +€966 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,137 | €25,021 | +€885 | +3.7% |
| Other operating charges | 640/8 | €4,872 | €4,892 | +€20 | +0.4% |
| Gross operating margin | 9900 | €12,693 | €11,988 | -€705 | -5.6% |
| Operating profit (loss) | 9901 | -€16,317 | -€17,925 | -€1,609 | -9.9% |
| Financial charges | 65/66B | €2,524 | €2,116 | -€408 | -16.2% |
| Recurring financial charges | 65 | €2,524 | €2,116 | -€408 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,841 | -€20,041 | -€1,200 | -6.4% |
| Income taxes | 67/77 | €1,098 | - | -€1,098 | |
| Profit (loss) for the period | 9904 | -€19,938 | -€20,041 | -€103 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,938 | -€20,041 | -€103 | -0.5% |
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 30 September 2026 via checked.be.