DEGROFISC: 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.
DEGROFISC
Largest movements
- Current investments +€84,204
up €84,204 (+14.1%), from €595,846 to €680,050
- Cash +€29,795
up €29,795 (+241.7%), from €12,328 to €42,123
mainly Net result for the year (+€183,281) and Receivables within one year (+€22,702)
- Receivables within one year -€22,702
down €22,702 (-79.0%), from €28,752 to €6,050
- Reserves +€183,200
up €183,200 (+28.2%), from €649,490 to €832,690
- Other debts -€110,600
down €110,600 (-99.8%), from €110,859 to €259
- Financial income +€29,989
up €29,989 (+295.8%), from €10,140 to €40,128
- Staff costs +€23,887
up €23,887 (+29.8%), from €80,207 to €104,094
- Gross operating margin -€13,744
down €13,744 (-4.0%), from €342,392 to €328,648
- Taxes -€8,998
down €8,998 (-11.4%), from €78,908 to €69,910
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,507 | €897,668 | +€84,161 | +10.3% |
| Fixed assets | 21/28 | €176,153 | €168,991 | -€7,162 | -4.1% |
| Tangible fixed assets | 22/27 | €175,009 | €167,764 | -€7,246 | -4.1% |
| Land and buildings | 22 | €175,009 | €167,764 | -€7,246 | -4.1% |
| Financial fixed assets | 28 | €1,144 | €1,227 | +€83 | +7.3% |
| Current assets | 29/58 | €637,354 | €728,678 | +€91,323 | +14.3% |
| Amounts receivable within one year | 40/41 | €28,752 | €6,050 | -€22,702 | -79.0% |
| Trade receivables | 40 | €28,752 | €6,050 | -€22,702 | -79.0% |
| Current investments | 50/53 | €595,846 | €680,050 | +€84,204 | +14.1% |
| Cash at bank and in hand | 54/58 | €12,328 | €42,123 | +€29,795 | +241.7% |
| Deferred charges and accrued income | 490/1 | €429 | €455 | +€27 | +6.2% |
| Total equity and liabilities | 10/49 | €813,507 | €897,668 | +€84,161 | +10.3% |
| Equity | 10/15 | €668,752 | €852,033 | +€183,281 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €649,490 | €832,690 | +€183,200 | +28.2% |
| Distributable reserves | 133 | €649,490 | €832,690 | +€183,200 | +28.2% |
| Profit (loss) carried forward | 14 | €662 | €744 | +€81 | +12.2% |
| Amounts payable | 17/49 | €144,755 | €45,635 | -€99,120 | -68.5% |
| Amounts payable within one year | 42/48 | €144,755 | €45,635 | -€99,120 | -68.5% |
| Trade debts | 44 | €4,283 | €7,045 | +€2,762 | +64.5% |
| Suppliers | 440/4 | €4,283 | €7,045 | +€2,762 | +64.5% |
| Taxes, remuneration and social security | 45 | €29,613 | €38,331 | +€8,718 | +29.4% |
| Taxes | 450/3 | €18,631 | €24,486 | +€5,854 | +31.4% |
| Remuneration and social security | 454/9 | €10,982 | €13,845 | +€2,864 | +26.1% |
| Other amounts payable | 47/48 | €110,859 | €259 | -€110,600 | -99.8% |
| Remuneration, social security and pensions | 62 | €80,207 | €104,094 | +€23,887 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,858 | €7,246 | -€613 | -7.8% |
| Other operating charges | 640/8 | €2,525 | €2,655 | +€129 | +5.1% |
| Gross operating margin | 9900 | €342,392 | €328,648 | -€13,744 | -4.0% |
| Operating profit (loss) | 9901 | €251,802 | €214,654 | -€37,148 | -14.8% |
| Financial income | 75/76B | €10,140 | €40,128 | +€29,989 | +295.8% |
| Recurring financial income | 75 | €10,140 | €40,128 | +€29,989 | +295.8% |
| Financial charges | 65/66B | €2,006 | €1,591 | -€415 | -20.7% |
| Recurring financial charges | 65 | €2,006 | €1,591 | -€415 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €259,935 | €253,191 | -€6,744 | -2.6% |
| Income taxes | 67/77 | €78,908 | €69,910 | -€8,998 | -11.4% |
| Profit (loss) for the period | 9904 | €181,027 | €183,281 | +€2,254 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €181,027 | €183,281 | +€2,254 | +1.2% |
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.