DEGRO HOLDING: 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.
DEGRO HOLDING
Largest movements
- Financial fixed assets -€7.8m
down €7.8m (-42.1%), from €18.4m to €10.6m
- Profit (loss) carried forward -€7.3m
down €7.3m (-97.5%), from €7.5m to €186,211
- Other debts +€630,159
new in 2025: €630,159
- Debts after one year -€370,303
down €370,303 (-8.1%), from €4.6m to €4.2m
- Short-term financial debts -€369,574
down €369,574 (-96.7%), from €382,178 to €12,604
- Reserves -€291,000
down €291,000 (-12.7%), from €2.3m to €2.0m
of which Distributable reserves: -€291,000
- Financial income -€7.1m
down €7.1m (-97.2%), from €7.3m to €207,845
- Gross operating margin -€74,337
down €74,337 (-7.1%), from €1.0m to €968,792
- Staff costs -€64,361
down €64,361 (-12.2%), from €526,006 to €461,644
- Taxes +€41,570
up €41,570 (+85.9%), from €48,383 to €89,953
- Financial charges -€22,704
down €22,704 (-9.7%), from €235,057 to €212,354
of which Financial charges: -€14,147
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 | €20,402,227 | €12,577,759 | -€7.8m | -38.4% |
| Fixed assets | 21/28 | €19,762,539 | €11,949,621 | -€7.8m | -39.5% |
| Tangible fixed assets | 22/27 | €1,363,560 | €1,300,642 | -€62,918 | -4.6% |
| Land and buildings | 22 | €1,250,275 | €1,194,156 | -€56,119 | -4.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €113,285 | €106,486 | -€6,799 | -6.0% |
| Financial fixed assets | 28 | €18,398,979 | €10,648,979 | -€7.8m | -42.1% |
| Current assets | 29/58 | €639,688 | €628,138 | -€11,550 | -1.8% |
| Amounts receivable within one year | 40/41 | €591,869 | €596,024 | +€4,156 | +0.7% |
| Trade receivables | 40 | €30,250 | €118,024 | +€87,774 | +290% |
| Other amounts receivable | 41 | €561,619 | €478,000 | -€83,619 | -14.9% |
| Cash at bank and in hand | 54/58 | €39,449 | €21,376 | -€18,073 | -45.8% |
| Deferred charges and accrued income | 490/1 | €8,370 | €10,737 | +€2,367 | +28.3% |
| Total equity and liabilities | 10/49 | €20,402,227 | €12,577,759 | -€7.8m | -38.4% |
| Equity | 10/15 | €14,698,907 | €7,063,651 | -€7.6m | -51.9% |
| Contributions | 10/11 | €4,877,440 | €4,877,440 | = | 0.0% |
| Reserves | 13 | €2,291,000 | €2,000,000 | -€291,000 | -12.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,291,000 | €2,000,000 | -€291,000 | -12.7% |
| Profit (loss) carried forward | 14 | €7,530,467 | €186,211 | -€7.3m | -97.5% |
| Amounts payable | 17/49 | €5,703,320 | €5,514,107 | -€189,213 | -3.3% |
| Amounts payable after more than one year | 17 | €4,591,780 | €4,221,477 | -€370,303 | -8.1% |
| Financial debts | 170/4 | €4,591,780 | €4,221,477 | -€370,303 | -8.1% |
| Amounts payable within one year | 42/48 | €1,074,289 | €1,255,380 | +€181,091 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €399,049 | €372,470 | -€26,579 | -6.7% |
| Financial debts | 43 | €382,178 | €12,604 | -€369,574 | -96.7% |
| Credit institutions | 430/8 | €382,178 | €12,604 | -€369,574 | -96.7% |
| Trade debts | 44 | €171,387 | €57,723 | -€113,664 | -66.3% |
| Suppliers | 440/4 | €171,387 | €57,723 | -€113,664 | -66.3% |
| Taxes, remuneration and social security | 45 | €121,677 | €182,425 | +€60,748 | +49.9% |
| Taxes | 450/3 | €46,013 | €121,944 | +€75,932 | +165% |
| Remuneration and social security | 454/9 | €75,664 | €60,481 | -€15,183 | -20.1% |
| Other amounts payable | 47/48 | - | €630,159 | +€630,159 | |
| Accrued charges and deferred income | 492/3 | €37,250 | €37,250 | = | 0.0% |
| Non-recurring operating income | 76A | €5,015 | €0 | -€5,015 | -100% |
| Remuneration, social security and pensions | 62 | €526,006 | €461,644 | -€64,361 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,136 | €109,273 | +€7,137 | +7.0% |
| Other operating charges | 640/8 | €23,836 | €38,669 | +€14,832 | +62.2% |
| Gross operating margin | 9900 | €1,043,129 | €968,792 | -€74,337 | -7.1% |
| Operating profit (loss) | 9901 | €391,150 | €359,206 | -€31,944 | -8.2% |
| Financial income | 75/76B | €7,343,772 | €207,845 | -€7.1m | -97.2% |
| Recurring financial income | 75 | €7,343,772 | €207,845 | -€7.1m | -97.2% |
| Financial charges | 65/66B | €235,057 | €212,354 | -€22,704 | -9.7% |
| Recurring financial charges | 65 | €226,501 | €212,354 | -€14,147 | -6.2% |
| Non-recurring financial charges | 66B | €8,557 | €0 | -€8,557 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,499,865 | €354,697 | -€7.1m | -95.3% |
| Income taxes | 67/77 | €48,383 | €89,953 | +€41,570 | +85.9% |
| Profit (loss) for the period | 9904 | €7,451,482 | €264,744 | -€7.2m | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,451,482 | €264,744 | -€7.2m | -96.4% |
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 16 October 2026 via checked.be.