DEGROBEL: 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.
DEGROBEL
Largest movements
- Receivables within one year -€82,793
down €82,793 (-20.3%), from €408,606 to €325,813
of which Other amounts receivable: -€137,323
- Cash +€25,868
up €25,868 (+161.6%), from €16,009 to €41,878
mainly Receivables within one year (+€82,793) and Net result for the year (+€32,998)
- Trade debts -€40,534
down €40,534 (-88.3%), from €45,910 to €5,376
- Profit (loss) carried forward -€17,002
down €17,002 (-61.4%), from €27,671 to €10,669
- Other debts -€8,500
down €8,500 (-14.5%), from €58,500 to €50,000
- Tax, wage and social debts +€7,058
up €7,058 (+17.1%), from €41,336 to €48,394
of which Taxes: +€9,747
- Gross operating margin +€31,479
up €31,479 (+13.6%), from €231,324 to €262,803
- Taxes +€8,234
up €8,234 (+242.5%), from €3,395 to €11,629
- Write-downs +€3,875
new in 2024: €3,875
- Staff costs -€3,561
down €3,561 (-1.7%), from €211,611 to €208,049
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,296 | €369,439 | -€59,857 | -13.9% |
| Fixed assets | 21/28 | €2,618 | €589 | -€2,029 | -77.5% |
| Tangible fixed assets | 22/27 | €2,618 | €589 | -€2,029 | -77.5% |
| Plant, machinery and equipment | 23 | €2,618 | €589 | -€2,029 | -77.5% |
| Current assets | 29/58 | €426,678 | €368,850 | -€57,828 | -13.6% |
| Amounts receivable within one year | 40/41 | €408,606 | €325,813 | -€82,793 | -20.3% |
| Trade receivables | 40 | €203,051 | €257,581 | +€54,530 | +26.9% |
| Other amounts receivable | 41 | €205,555 | €68,232 | -€137,323 | -66.8% |
| Cash at bank and in hand | 54/58 | €16,009 | €41,878 | +€25,868 | +161.6% |
| Deferred charges and accrued income | 490/1 | €2,063 | €1,159 | -€903 | -43.8% |
| Total equity and liabilities | 10/49 | €429,296 | €369,439 | -€59,857 | -13.9% |
| Equity | 10/15 | €282,671 | €265,669 | -€17,002 | -6.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,671 | €10,669 | -€17,002 | -61.4% |
| Amounts payable | 17/49 | €146,625 | €103,771 | -€42,855 | -29.2% |
| Amounts payable within one year | 42/48 | €145,747 | €103,771 | -€41,976 | -28.8% |
| Trade debts | 44 | €45,910 | €5,376 | -€40,534 | -88.3% |
| Suppliers | 440/4 | €45,910 | €5,376 | -€40,534 | -88.3% |
| Taxes, remuneration and social security | 45 | €41,336 | €48,394 | +€7,058 | +17.1% |
| Taxes | 450/3 | €15,571 | €25,317 | +€9,747 | +62.6% |
| Remuneration and social security | 454/9 | €25,766 | €23,077 | -€2,689 | -10.4% |
| Other amounts payable | 47/48 | €58,500 | €50,000 | -€8,500 | -14.5% |
| Accrued charges and deferred income | 492/3 | €878 | €0 | -€878 | -100.0% |
| Remuneration, social security and pensions | 62 | €211,611 | €208,049 | -€3,561 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,678 | €2,029 | -€1,649 | -44.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,875 | +€3,875 | |
| Other operating charges | 640/8 | €2,133 | €3,880 | +€1,747 | +81.9% |
| Gross operating margin | 9900 | €231,324 | €262,803 | +€31,479 | +13.6% |
| Operating profit (loss) | 9901 | €13,903 | €44,970 | +€31,067 | +223.5% |
| Financial income | 75/76B | €229 | €18 | -€211 | -92.1% |
| Recurring financial income | 75 | €229 | €18 | -€211 | -92.1% |
| Financial charges | 65/66B | €1,499 | €361 | -€1,138 | -75.9% |
| Recurring financial charges | 65 | €675 | €361 | -€314 | -46.5% |
| Non-recurring financial charges | 66B | €824 | €0 | -€824 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €12,632 | €44,626 | +€31,994 | +253.3% |
| Income taxes | 67/77 | €3,395 | €11,629 | +€8,234 | +242.5% |
| Profit (loss) for the period | 9904 | €9,238 | €32,998 | +€23,760 | +257.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,238 | €32,998 | +€23,760 | +257.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.