DEGRIMMO: 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.
What changed
DEGRIMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€144,480
2024 · €449,737-€594,217
Equity
€4.9m
2024 · €5.1m-€144,480
Cash
€59,894
2024 · €76,357-€16,463
Balance sheet total
€7.9m
2024 · €8.1m-€257,107
Largest movements
Assets
- Tangible fixed assets -€206,902
down €206,902 (-2.9%), from €7.2m to €7.0m
of which Land and buildings: -€205,847
Equity and liabilities
- Profit (loss) carried forward -€114,525
down €114,525 (-16.7%), from -€686,915 to -€801,440
- Debts after one year -€88,737
down €88,737 (-3.5%), from €2.6m to €2.5m
Income statement
- Gross operating margin -€979,645
down €979,645 (-88.1%), from €1.1m to €131,909
- Other operating charges -€46,410
down €46,410 (-78.3%), from €59,268 to €12,858
- Financial charges -€42,802
down €42,802 (-32.8%), from €130,328 to €87,526
- Taxes -€13,079
down €13,079, from €6,540 to -€6,540
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.
Result 2024
€449,737
Gross operating margin
-€979,645
Depreciation
-€7,809
Other operating charges
+€46,410
Other operating items
+€28,330
Financial income
-€7,428
Financial charges
+€42,802
Taxes
+€13,079
Deferred taxes and other
+€270,043
Result 2025
-€144,480
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.
From operations
+€31,460
Investment
+€40,000
Financing
-€87,923
Cash 2024
€76,357
From operations (derived)
+€31,460
Net result for the year
-€144,480
Depreciation
+€206,902
Receivables within one year
-€4,022
Deferred charges and accrued income
-€2,236
Provisions
-€9,985
Trade debts
+€9,517
Accrued charges and deferred income
-€24,236
Investment (derived)
+€40,000
Current investments
+€40,000
Financing
-€87,923
Debts after one year
-€88,737
Current portion of long-term debt
+€904
Short-term financial debts
-€90
Cash 2025
€59,894
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,144,915 | €7,887,807 | -€257,107 | -3.2% |
| Fixed assets | 21/28 | €7,162,766 | €6,955,863 | -€206,902 | -2.9% |
| Tangible fixed assets | 22/27 | €7,162,766 | €6,955,863 | -€206,902 | -2.9% |
| Land and buildings | 22 | €7,157,788 | €6,951,941 | -€205,847 | -2.9% |
| Plant, machinery and equipment | 23 | €2,035 | €1,831 | -€204 | -10.0% |
| Furniture and vehicles | 24 | €2,943 | €2,092 | -€852 | -28.9% |
| Current assets | 29/58 | €982,149 | €931,944 | -€50,205 | -5.1% |
| Amounts receivable within one year | 40/41 | €1,189 | €5,210 | +€4,022 | +338.3% |
| Trade receivables | 40 | €1,189 | €1,029 | -€159 | -13.4% |
| Other amounts receivable | 41 | - | €4,181 | +€4,181 | |
| Current investments | 50/53 | €900,000 | €860,000 | -€40,000 | -4.4% |
| Cash at bank and in hand | 54/58 | €76,357 | €59,894 | -€16,463 | -21.6% |
| Deferred charges and accrued income | 490/1 | €4,603 | €6,840 | +€2,236 | +48.6% |
| Total equity and liabilities | 10/49 | €8,144,915 | €7,887,807 | -€257,107 | -3.2% |
| Equity | 10/15 | €5,060,818 | €4,916,338 | -€144,480 | -2.9% |
| Contributions | 10/11 | €4,750,000 | €4,750,000 | = | 0.0% |
| Reserves | 13 | €997,733 | €967,778 | -€29,956 | -3.0% |
| Tax-exempt reserves | 132 | €953,630 | €923,675 | -€29,956 | -3.1% |
| Distributable reserves | 133 | €44,103 | €44,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€686,915 | -€801,440 | -€114,525 | -16.7% |
| Provisions and deferred taxes | 16 | €317,877 | €307,892 | -€9,985 | -3.1% |
| Deferred taxes | 168 | €317,877 | €307,892 | -€9,985 | -3.1% |
| Amounts payable | 17/49 | €2,766,220 | €2,663,578 | -€102,642 | -3.7% |
| Amounts payable after more than one year | 17 | €2,560,716 | €2,471,980 | -€88,737 | -3.5% |
| Financial debts | 170/4 | €2,560,716 | €2,471,980 | -€88,737 | -3.5% |
| Amounts payable within one year | 42/48 | €97,111 | €107,442 | +€10,331 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €87,833 | €88,737 | +€904 | +1.0% |
| Financial debts | 43 | €145 | €55 | -€90 | -62.0% |
| Credit institutions | 430/8 | €145 | €55 | -€90 | -62.0% |
| Trade debts | 44 | €9,130 | €18,647 | +€9,517 | +104.2% |
| Suppliers | 440/4 | €9,130 | €18,647 | +€9,517 | +104.2% |
| Other amounts payable | 47/48 | €4 | €4 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €108,392 | €84,156 | -€24,236 | -22.4% |
| Non-recurring operating income | 76A | €1,080,174 | €0 | -€1.1m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,093 | €206,902 | +€7,809 | +3.9% |
| Other operating charges | 640/8 | €59,268 | €12,858 | -€46,410 | -78.3% |
| Non-recurring operating charges | 66A | €28,330 | €0 | -€28,330 | -100.0% |
| Gross operating margin | 9900 | €1,111,553 | €131,909 | -€979,645 | -88.1% |
| Operating profit (loss) | 9901 | €824,863 | -€87,851 | -€912,714 | |
| Financial income | 75/76B | €21,800 | €14,372 | -€7,428 | -34.1% |
| Recurring financial income | 75 | €21,800 | €14,372 | -€7,428 | -34.1% |
| Financial charges | 65/66B | €130,328 | €87,526 | -€42,802 | -32.8% |
| Recurring financial charges | 65 | €130,328 | €87,526 | -€42,802 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €716,335 | -€161,005 | -€877,340 | |
| Transfer from deferred taxes | 780 | €9,985 | €9,985 | = | 0.0% |
| Transfer to deferred taxes | 680 | €270,043 | €0 | -€270,043 | -100.0% |
| Income taxes | 67/77 | €6,540 | -€6,540 | -€13,079 | |
| Profit (loss) for the period | 9904 | €449,737 | -€144,480 | -€594,217 | |
| Transfer from tax-exempt reserves | 789 | €29,956 | €29,956 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €810,130 | €0 | -€810,130 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€330,438 | -€114,525 | +€215,913 | +65.3% |
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 2 October 2026 via checked.be.