DEGRO-WOODCONSTRUCT: what changed
What changed
DEGRO-WOODCONSTRUCT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€191,933
2025 · €369,595-€177,663
Equity
€3.3m
2025 · €3.8m-€408,067
Cash
€1.2m
2025 · €1.6m-€427,270
Balance sheet total
€3.9m
2025 · €4.5m-€539,460
Largest movements
Assets
- Cash -€427,270
down €427,270 (-26.8%), from €1.6m to €1.2m
mainly Contributions, distributions and other (-€600,000) and Stocks and contracts (-€290,205)
- Stocks and contracts +€290,205
up €290,205 (+17.5%), from €1.7m to €1.9m
of which Stocks: +€235,317
- Receivables within one year -€262,345
down €262,345 (-40.8%), from €642,824 to €380,479
of which Trade receivables: -€318,349
- Tangible fixed assets -€141,404
down €141,404 (-40.3%), from €351,209 to €209,805
of which Plant, machinery and equipment: -€117,624
Equity and liabilities
- Reserves -€408,067
down €408,067 (-11.1%), from €3.7m to €3.3m
- Trade debts -€68,652
down €68,652 (-13.6%), from €504,494 to €435,843
- Tax, wage and social debts -€53,228
down €53,228 (-38.4%), from €138,766 to €85,538
of which Remuneration and social security: -€38,586
Income statement
- Gross operating margin -€210,488
down €210,488 (-16.0%), from €1.3m to €1.1m
- Taxes -€60,664
down €60,664 (-44.9%), from €135,226 to €74,562
- Staff costs +€16,826
up €16,826 (+2.4%), from €691,748 to €708,573
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€369,595
Gross operating margin
-€210,488
Staff costs
-€16,826
Depreciation
-€2,853
Other operating charges
+€752
Financial income
+€1,246
Financial charges
-€10,158
Taxes
+€60,664
Result 2026
€191,933
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€130,546
Investment
+€51,253
Financing
-€609,069
Cash 2025
€1.6m
From operations (derived)
+€130,546
Net result for the year
+€191,933
Depreciation
+€90,151
Stocks and contracts
-€290,205
Receivables within one year
+€262,345
Smaller working-capital items
-€1,797
Trade debts
-€68,652
Tax, wage and social debts
-€53,228
Investment (derived)
+€51,253
Investment in fixed assets (net)
+€51,253
Financing
-€609,069
Debts after one year
-€9,574
Current portion of long-term debt
+€290
Short-term financial debts
+€215
Contributions, distributions and other
-€600,000
Cash 2026
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,478,664 | €3,939,205 | -€539,460 | -12.0% |
| Fixed assets | 21/28 | €351,379 | €209,975 | -€141,404 | -40.2% |
| Tangible fixed assets | 22/27 | €351,209 | €209,805 | -€141,404 | -40.3% |
| Land and buildings | 22 | €4,254 | €3,304 | -€950 | -22.3% |
| Plant, machinery and equipment | 23 | €223,261 | €105,638 | -€117,624 | -52.7% |
| Furniture and vehicles | 24 | €72,890 | €61,888 | -€11,002 | -15.1% |
| Other tangible fixed assets | 26 | €50,803 | €38,975 | -€11,829 | -23.3% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €4,127,286 | €3,729,230 | -€398,056 | -9.6% |
| Stocks and contracts in progress | 3 | €1,655,962 | €1,946,167 | +€290,205 | +17.5% |
| Stocks | 30/36 | €1,564,708 | €1,800,025 | +€235,317 | +15.0% |
| Contracts in progress | 37 | €91,254 | €146,142 | +€54,888 | +60.1% |
| Amounts receivable within one year | 40/41 | €642,824 | €380,479 | -€262,345 | -40.8% |
| Trade receivables | 40 | €641,708 | €323,359 | -€318,349 | -49.6% |
| Other amounts receivable | 41 | €1,116 | €57,121 | +€56,004 | +5,017% |
| Current investments | 50/53 | €225,000 | €225,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,593,550 | €1,166,280 | -€427,270 | -26.8% |
| Deferred charges and accrued income | 490/1 | €9,950 | €11,303 | +€1,353 | +13.6% |
| Total equity and liabilities | 10/49 | €4,478,664 | €3,939,205 | -€539,460 | -12.0% |
| Equity | 10/15 | €3,754,324 | €3,346,256 | -€408,067 | -10.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €3,679,324 | €3,271,256 | -€408,067 | -11.1% |
| Distributable reserves | 133 | €3,679,324 | €3,271,256 | -€408,067 | -11.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €724,340 | €592,948 | -€131,392 | -18.1% |
| Amounts payable after more than one year | 17 | €28,768 | €19,194 | -€9,574 | -33.3% |
| Financial debts | 170/4 | €28,768 | €19,194 | -€9,574 | -33.3% |
| Amounts payable within one year | 42/48 | €695,572 | €573,754 | -€121,818 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €9,284 | €9,574 | +€290 | +3.1% |
| Financial debts | 43 | €42,585 | €42,800 | +€215 | +0.5% |
| Credit institutions | 430/8 | €42,585 | €42,800 | +€215 | +0.5% |
| Trade debts | 44 | €504,494 | €435,843 | -€68,652 | -13.6% |
| Suppliers | 440/4 | €504,494 | €435,843 | -€68,652 | -13.6% |
| Taxes, remuneration and social security | 45 | €138,766 | €85,538 | -€53,228 | -38.4% |
| Taxes | 450/3 | €51,803 | €37,161 | -€14,642 | -28.3% |
| Remuneration and social security | 454/9 | €86,963 | €48,377 | -€38,586 | -44.4% |
| Other amounts payable | 47/48 | €443 | €0 | -€443 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €7,596 | +€7,596 | |
| Remuneration, social security and pensions | 62 | €691,748 | €708,573 | +€16,826 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,298 | €90,151 | +€2,853 | +3.3% |
| Other operating charges | 640/8 | €3,363 | €2,612 | -€752 | -22.4% |
| Gross operating margin | 9900 | €1,315,226 | €1,104,738 | -€210,488 | -16.0% |
| Operating profit (loss) | 9901 | €532,817 | €303,402 | -€229,415 | -43.1% |
| Financial income | 75/76B | €21,044 | €22,289 | +€1,246 | +5.9% |
| Recurring financial income | 75 | €21,044 | €22,289 | +€1,246 | +5.9% |
| Financial charges | 65/66B | €49,039 | €59,197 | +€10,158 | +20.7% |
| Recurring financial charges | 65 | €49,039 | €59,197 | +€10,158 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €504,821 | €266,494 | -€238,327 | -47.2% |
| Income taxes | 67/77 | €135,226 | €74,562 | -€60,664 | -44.9% |
| Profit (loss) for the period | 9904 | €369,595 | €191,933 | -€177,663 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €369,595 | €191,933 | -€177,663 | -48.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.