Degroote Hans: 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.
Degroote Hans
Largest movements
- Receivables within one year +€417,437
up €417,437 (+401%), from €104,005 to €521,441
of which Other amounts receivable: +€451,595
- Tangible fixed assets -€211,200
down €211,200 (-38.4%), from €550,536 to €339,336
of which Land and buildings: -€171,312
- Cash -€20,591
down €20,591 (-62.8%), from €32,791 to €12,200
mainly Receivables within one year (-€417,437) and Deferred charges and accrued income (-€6,930)
- Debts after one year +€79,811
up €79,811 (+37.1%), from €215,286 to €295,097
- Short-term financial debts +€75,000
up €75,000 (+150%), from €50,000 to €125,000
- Trade debts +€19,625
up €19,625 (+71.4%), from €27,476 to €47,100
- Current portion of long-term debt +€15,876
up €15,876 (+28.3%), from €56,127 to €72,003
- Gross operating margin -€30,467
down €30,467 (-23.9%), from €127,408 to €96,942
- Depreciation -€8,750
down €8,750 (-20.1%), from €43,566 to €34,816
- Taxes -€7,653
down €7,653 (-71.0%), from €10,780 to €3,127
- Financial income +€4,617
up €4,617 (+1,871%), from €247 to €4,864
- Financial charges +€4,042
up €4,042 (+34.4%), from €11,765 to €15,808
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,535 | €892,993 | +€192,458 | +27.5% |
| Fixed assets | 21/28 | €550,536 | €339,336 | -€211,200 | -38.4% |
| Tangible fixed assets | 22/27 | €550,536 | €339,336 | -€211,200 | -38.4% |
| Land and buildings | 22 | €440,798 | €269,486 | -€171,312 | -38.9% |
| Plant, machinery and equipment | 23 | €31,543 | €19,504 | -€12,039 | -38.2% |
| Furniture and vehicles | 24 | €70,429 | €43,069 | -€27,361 | -38.8% |
| Other tangible fixed assets | 26 | €7,765 | €7,277 | -€489 | -6.3% |
| Current assets | 29/58 | €149,999 | €553,657 | +€403,658 | +269% |
| Stocks and contracts in progress | 3 | €9,159 | €9,042 | -€117 | -1.3% |
| Stocks | 30/36 | €9,159 | €9,042 | -€117 | -1.3% |
| Amounts receivable within one year | 40/41 | €104,005 | €521,441 | +€417,437 | +401% |
| Trade receivables | 40 | €98,231 | €64,073 | -€34,158 | -34.8% |
| Other amounts receivable | 41 | €5,773 | €457,368 | +€451,595 | +7,822% |
| Cash at bank and in hand | 54/58 | €32,791 | €12,200 | -€20,591 | -62.8% |
| Deferred charges and accrued income | 490/1 | €4,044 | €10,974 | +€6,930 | +171% |
| Total equity and liabilities | 10/49 | €700,535 | €892,993 | +€192,458 | +27.5% |
| Equity | 10/15 | €345,807 | €347,059 | +€1,252 | +0.4% |
| Contributions | 10/11 | €25,000 | €27,500 | +€2,500 | +10.0% |
| Reserves | 13 | €320,807 | €319,559 | -€1,248 | -0.4% |
| Distributable reserves | 133 | €320,807 | €319,559 | -€1,248 | -0.4% |
| Amounts payable | 17/49 | €354,728 | €545,934 | +€191,206 | +53.9% |
| Amounts payable after more than one year | 17 | €215,286 | €295,097 | +€79,811 | +37.1% |
| Financial debts | 170/4 | €215,286 | €295,097 | +€79,811 | +37.1% |
| Amounts payable within one year | 42/48 | €139,442 | €250,837 | +€111,395 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €56,127 | €72,003 | +€15,876 | +28.3% |
| Financial debts | 43 | €50,000 | €125,000 | +€75,000 | +150% |
| Credit institutions | 430/8 | €50,000 | €125,000 | +€75,000 | +150% |
| Trade debts | 44 | €27,476 | €47,100 | +€19,625 | +71.4% |
| Suppliers | 440/4 | €27,476 | €47,100 | +€19,625 | +71.4% |
| Taxes, remuneration and social security | 45 | €5,039 | €5,934 | +€894 | +17.7% |
| Taxes | 450/3 | €2,081 | €2,079 | -€2 | -0.1% |
| Remuneration and social security | 454/9 | €2,958 | €3,855 | +€897 | +30.3% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Non-recurring operating income | 76A | - | €11,698 | +€11,698 | |
| Remuneration, social security and pensions | 62 | €28,744 | €30,948 | +€2,204 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,566 | €34,816 | -€8,750 | -20.1% |
| Other operating charges | 640/8 | €7,771 | €9,986 | +€2,215 | +28.5% |
| Non-recurring operating charges | 66A | - | €5,069 | +€5,069 | |
| Gross operating margin | 9900 | €127,408 | €96,942 | -€30,467 | -23.9% |
| Operating profit (loss) | 9901 | €47,327 | €16,123 | -€31,204 | -65.9% |
| Financial income | 75/76B | €247 | €4,864 | +€4,617 | +1,871% |
| Recurring financial income | 75 | €247 | €4,864 | +€4,617 | +1,871% |
| Financial charges | 65/66B | €11,765 | €15,808 | +€4,042 | +34.4% |
| Recurring financial charges | 65 | €11,765 | €15,808 | +€4,042 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €35,808 | €5,179 | -€30,629 | -85.5% |
| Income taxes | 67/77 | €10,780 | €3,127 | -€7,653 | -71.0% |
| Profit (loss) for the period | 9904 | €25,029 | €2,052 | -€22,976 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,029 | €2,052 | -€22,976 | -91.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.