Degrofi: 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.
Degrofi
Largest movements
- Receivables after one year +€520,000
new in 2024: €520,000
- Receivables within one year -€425,387
down €425,387 (-61.4%), from €693,328 to €267,941
of which Trade receivables: -€375,765
- Tangible fixed assets +€64,674
up €64,674 (+7.6%), from €850,469 to €915,143
of which Plant, machinery and equipment: +€55,467
- Cash -€54,794
down €54,794 (-21.3%), from €256,758 to €201,964
mainly Receivables after one year (-€520,000) and Trade debts (-€309,055)
- Trade debts -€309,055
down €309,055 (-74.1%), from €417,205 to €108,149
- Reserves +€292,654
up €292,654 (+30.0%), from €976,935 to €1.3m
- Debts after one year +€89,806
up €89,806 (+14.3%), from €627,197 to €717,003
- Other debts +€78,297
new in 2024: €78,297
- Tax, wage and social debts -€33,137
down €33,137 (-65.6%), from €50,503 to €17,366
- Financial income -€640,000
down €640,000 (-88.9%), from €720,000 to €80,000
- Gross operating margin +€268,193
up €268,193 (+211%), from €127,036 to €395,229
- Depreciation +€51,232
up €51,232 (+99.5%), from €51,498 to €102,730
- Financial charges +€10,003
up €10,003 (+49.6%), from €20,167 to €30,170
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.
Derived cash bridge
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 | €2,092,196 | €2,196,689 | +€104,493 | +5.0% |
| Fixed assets | 21/28 | €1,142,110 | €1,206,784 | +€64,674 | +5.7% |
| Tangible fixed assets | 22/27 | €850,469 | €915,143 | +€64,674 | +7.6% |
| Land and buildings | 22 | €356,620 | €364,425 | +€7,805 | +2.2% |
| Plant, machinery and equipment | 23 | €466,863 | €522,331 | +€55,467 | +11.9% |
| Furniture and vehicles | 24 | €26,986 | €28,387 | +€1,402 | +5.2% |
| Financial fixed assets | 28 | €291,641 | €291,641 | = | 0.0% |
| Current assets | 29/58 | €950,087 | €989,905 | +€39,819 | +4.2% |
| Amounts receivable after more than one year | 29 | - | €520,000 | +€520,000 | |
| Other amounts receivable | 291 | - | €520,000 | +€520,000 | |
| Amounts receivable within one year | 40/41 | €693,328 | €267,941 | -€425,387 | -61.4% |
| Trade receivables | 40 | €631,963 | €256,198 | -€375,765 | -59.5% |
| Other amounts receivable | 41 | €61,366 | €11,743 | -€49,622 | -80.9% |
| Cash at bank and in hand | 54/58 | €256,758 | €201,964 | -€54,794 | -21.3% |
| Total equity and liabilities | 10/49 | €2,092,196 | €2,196,689 | +€104,493 | +5.0% |
| Equity | 10/15 | €983,220 | €1,275,875 | +€292,654 | +29.8% |
| Contributions | 10/11 | €6,285 | €6,285 | = | 0.0% |
| Reserves | 13 | €976,935 | €1,269,590 | +€292,654 | +30.0% |
| Distributable reserves | 133 | €976,935 | €1,269,590 | +€292,654 | +30.0% |
| Amounts payable | 17/49 | €1,108,976 | €920,814 | -€188,162 | -17.0% |
| Amounts payable after more than one year | 17 | €627,197 | €717,003 | +€89,806 | +14.3% |
| Financial debts | 170/4 | €627,197 | €717,003 | +€89,806 | +14.3% |
| Amounts payable within one year | 42/48 | €467,707 | €203,812 | -€263,896 | -56.4% |
| Trade debts | 44 | €417,205 | €108,149 | -€309,055 | -74.1% |
| Suppliers | 440/4 | €417,205 | €108,149 | -€309,055 | -74.1% |
| Taxes, remuneration and social security | 45 | €50,503 | €17,366 | -€33,137 | -65.6% |
| Taxes | 450/3 | €50,503 | €17,366 | -€33,137 | -65.6% |
| Other amounts payable | 47/48 | - | €78,297 | +€78,297 | |
| Accrued charges and deferred income | 492/3 | €14,072 | - | -€14,072 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,498 | €102,730 | +€51,232 | +99.5% |
| Other operating charges | 640/8 | €947 | €1,349 | +€403 | +42.5% |
| Gross operating margin | 9900 | €127,036 | €395,229 | +€268,193 | +211% |
| Operating profit (loss) | 9901 | €74,591 | €291,149 | +€216,559 | +290% |
| Financial income | 75/76B | €720,000 | €80,000 | -€640,000 | -88.9% |
| Recurring financial income | 75 | €720,000 | €80,000 | -€640,000 | -88.9% |
| Financial charges | 65/66B | €20,167 | €30,170 | +€10,003 | +49.6% |
| Recurring financial charges | 65 | €20,167 | €30,170 | +€10,003 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €774,424 | €340,980 | -€433,445 | -56.0% |
| Income taxes | 67/77 | €44,444 | €48,325 | +€3,882 | +8.7% |
| Profit (loss) for the period | 9904 | €729,981 | €292,654 | -€437,326 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €729,981 | €292,654 | -€437,326 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.