DEGROLINE: 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.
What changed
DEGROLINE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€80,373
2024 · -€152,041+€71,668
Equity
€5.1m
2024 · €5.1m-€80,373
Cash
€279,149
2024 · €460,710-€181,561
Balance sheet total
€21.1m
2024 · €21.5m-€408,290
Largest movements
Assets
- Tangible fixed assets -€367,257
down €367,257 (-2.0%), from €18.1m to €17.7m
of which Land and buildings: -€366,958
Equity and liabilities
- Debts after one year -€497,588
down €497,588 (-3.3%), from €15.0m to €14.5m
Income statement
- Financial income +€116,820
up €116,820 (+161%), from €72,476 to €189,296
- Financial charges +€102,271
up €102,271 (+48.0%), from €213,018 to €315,289
- Depreciation -€46,676
down €46,676 (-10.7%), from €435,686 to €389,009
- Gross operating margin +€27,848
up €27,848 (+6.1%), from €456,319 to €484,167
- Other operating charges +€12,442
up €12,442 (+38.9%), from €31,957 to €44,399
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.
Result 2024
-€152,041
Gross operating margin
+€27,848
Depreciation
+€46,676
Other operating charges
-€12,442
Financial income
+€116,820
Financial charges
-€102,271
Taxes
-€4,963
Result 2025
-€80,373
raises the resultlowers the result
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.
From operations
+€410,997
Investment
-€98,381
Financing
-€494,177
Cash 2024
€460,710
From operations (derived)
+€410,997
Net result for the year
-€80,373
Depreciation
+€389,009
Receivables within one year
-€45,382
Deferred charges and accrued income
-€18,518
Trade debts
+€3,555
Accrued charges and deferred income
+€162,704
Investment (derived)
-€98,381
Investment in fixed assets (net)
-€21,752
Current investments
-€76,629
Financing
-€494,177
Debts after one year
-€497,588
Current portion of long-term debt
+€3,410
Cash 2025
€279,149
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,487,734 | €21,079,444 | -€408,290 | -1.9% |
| Fixed assets | 21/28 | €18,103,848 | €17,736,590 | -€367,257 | -2.0% |
| Tangible fixed assets | 22/27 | €18,103,848 | €17,736,590 | -€367,257 | -2.0% |
| Land and buildings | 22 | €18,103,347 | €17,736,390 | -€366,958 | -2.0% |
| Furniture and vehicles | 24 | €500 | €200 | -€300 | -59.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €3,383,887 | €3,342,854 | -€41,032 | -1.2% |
| Amounts receivable within one year | 40/41 | €8,239 | €53,620 | +€45,382 | +551% |
| Trade receivables | 40 | - | €13,906 | +€13,906 | |
| Other amounts receivable | 41 | €8,239 | €39,714 | +€31,475 | +382% |
| Current investments | 50/53 | €2,911,994 | €2,988,624 | +€76,629 | +2.6% |
| Cash at bank and in hand | 54/58 | €460,710 | €279,149 | -€181,561 | -39.4% |
| Deferred charges and accrued income | 490/1 | €2,943 | €21,461 | +€18,518 | +629% |
| Total equity and liabilities | 10/49 | €21,487,734 | €21,079,444 | -€408,290 | -1.9% |
| Equity | 10/15 | €5,147,043 | €5,066,671 | -€80,373 | -1.6% |
| Contributions | 10/11 | €6,310,000 | €6,310,000 | = | 0.0% |
| Capital | 10 | €6,310,000 | €6,310,000 | = | 0.0% |
| Issued capital | 100 | €6,310,000 | €6,310,000 | = | 0.0% |
| Reserves | 13 | €549,279 | €549,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €110,249 | €110,249 | = | 0.0% |
| Legal reserve | 130 | €110,249 | €110,249 | = | 0.0% |
| Distributable reserves | 133 | €439,030 | €439,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,712,236 | -€1,792,609 | -€80,373 | -4.7% |
| Amounts payable | 17/49 | €16,340,691 | €16,012,774 | -€327,917 | -2.0% |
| Amounts payable after more than one year | 17 | €15,015,126 | €14,517,538 | -€497,588 | -3.3% |
| Financial debts | 170/4 | €15,015,126 | €14,517,538 | -€497,588 | -3.3% |
| Amounts payable within one year | 42/48 | €650,536 | €657,502 | +€6,966 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €394,177 | €397,588 | +€3,410 | +0.9% |
| Trade debts | 44 | €1,407 | €4,963 | +€3,555 | +253% |
| Suppliers | 440/4 | €1,407 | €4,963 | +€3,555 | +253% |
| Other amounts payable | 47/48 | €254,952 | €254,952 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €675,029 | €837,733 | +€162,704 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,686 | €389,009 | -€46,676 | -10.7% |
| Other operating charges | 640/8 | €31,957 | €44,399 | +€12,442 | +38.9% |
| Gross operating margin | 9900 | €456,319 | €484,167 | +€27,848 | +6.1% |
| Operating profit (loss) | 9901 | -€11,323 | €50,759 | +€62,082 | |
| Financial income | 75/76B | €72,476 | €189,296 | +€116,820 | +161% |
| Recurring financial income | 75 | €72,476 | €189,296 | +€116,820 | +161% |
| Financial charges | 65/66B | €213,018 | €315,289 | +€102,271 | +48.0% |
| Recurring financial charges | 65 | €213,018 | €315,289 | +€102,271 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | -€151,865 | -€75,234 | +€76,631 | +50.5% |
| Income taxes | 67/77 | €176 | €5,139 | +€4,963 | +2,816% |
| Profit (loss) for the period | 9904 | -€152,041 | -€80,373 | +€71,668 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,041 | -€80,373 | +€71,668 | +47.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.