DEGROOTE RECA: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DEGROOTE RECA
Largest movements
- Tangible fixed assets -€40,513
down €40,513 (-14.8%), from €274,000 to €233,488
of which Other tangible fixed assets: -€31,246
- Stocks and contracts +€26,750
up €26,750 (+18.4%), from €145,393 to €172,143
- Cash -€21,002
down €21,002 (-21.5%), from €97,644 to €76,642
mainly Stocks and contracts (-€26,750) and Debts after one year (-€25,905)
- Debts after one year -€25,905
down €25,905 (-11.1%), from €232,492 to €206,587
- Other debts -€17,606
down €17,606 (-42.2%), from €41,698 to €24,091
- Reserves +€15,557
up €15,557 (+40.3%), from €38,648 to €54,205
- Trade debts -€8,906
down €8,906 (-6.9%), from €129,598 to €120,692
- Gross operating margin -€24,560
down €24,560 (-5.7%), from €431,300 to €406,740
- Staff costs -€18,913
down €18,913 (-5.6%), from €335,619 to €316,706
- Financial charges -€14,383
down €14,383 (-54.7%), from €26,317 to €11,933
of which Non-recurring financial charges: -€18,300
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €574,503 | €535,072 | -€39,431 | -6.9% |
| Fixed assets | 21/28 | €277,944 | €237,431 | -€40,513 | -14.6% |
| Tangible fixed assets | 22/27 | €274,000 | €233,488 | -€40,513 | -14.8% |
| Land and buildings | 22 | €25,205 | €25,205 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,924 | €19,035 | -€5,889 | -23.6% |
| Furniture and vehicles | 24 | €3,737 | €1,830 | -€1,906 | -51.0% |
| Leasing and similar rights | 25 | €14,569 | €13,097 | -€1,471 | -10.1% |
| Other tangible fixed assets | 26 | €205,566 | €174,320 | -€31,246 | -15.2% |
| Financial fixed assets | 28 | €3,944 | €3,944 | = | 0.0% |
| Current assets | 29/58 | €296,559 | €297,640 | +€1,081 | +0.4% |
| Stocks and contracts in progress | 3 | €145,393 | €172,143 | +€26,750 | +18.4% |
| Stocks | 30/36 | €145,393 | €172,143 | +€26,750 | +18.4% |
| Amounts receivable within one year | 40/41 | €51,078 | €46,262 | -€4,816 | -9.4% |
| Trade receivables | 40 | €49,926 | €45,110 | -€4,816 | -9.6% |
| Other amounts receivable | 41 | €1,153 | €1,153 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,644 | €76,642 | -€21,002 | -21.5% |
| Deferred charges and accrued income | 490/1 | €2,443 | €2,593 | +€150 | +6.1% |
| Total equity and liabilities | 10/49 | €574,503 | €535,072 | -€39,431 | -6.9% |
| Equity | 10/15 | €88,648 | €104,205 | +€15,557 | +17.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €38,648 | €54,205 | +€15,557 | +40.3% |
| Distributable reserves | 133 | €38,648 | €54,205 | +€15,557 | +40.3% |
| Amounts payable | 17/49 | €485,855 | €430,867 | -€54,989 | -11.3% |
| Amounts payable after more than one year | 17 | €232,492 | €206,587 | -€25,905 | -11.1% |
| Financial debts | 170/4 | €232,492 | €206,587 | -€25,905 | -11.1% |
| Amounts payable within one year | 42/48 | €253,364 | €224,280 | -€29,084 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €4,905 | €4,905 | = | 0.0% |
| Financial debts | 43 | €6,362 | €6,342 | -€20 | -0.3% |
| Credit institutions | 430/8 | €6,362 | €6,342 | -€20 | -0.3% |
| Trade debts | 44 | €129,598 | €120,692 | -€8,906 | -6.9% |
| Suppliers | 440/4 | €129,598 | €120,692 | -€8,906 | -6.9% |
| Taxes, remuneration and social security | 45 | €70,801 | €68,249 | -€2,552 | -3.6% |
| Taxes | 450/3 | €27,496 | €28,402 | +€907 | +3.3% |
| Remuneration and social security | 454/9 | €43,305 | €39,847 | -€3,458 | -8.0% |
| Other amounts payable | 47/48 | €41,698 | €24,091 | -€17,606 | -42.2% |
| Non-recurring operating income | 76A | €0 | €452 | +€452 | |
| Remuneration, social security and pensions | 62 | €335,619 | €316,706 | -€18,913 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,835 | €46,189 | -€3,646 | -7.3% |
| Other operating charges | 640/8 | €1,274 | €1,002 | -€272 | -21.3% |
| Non-recurring operating charges | 66A | - | €15,570 | +€15,570 | |
| Gross operating margin | 9900 | €431,300 | €406,740 | -€24,560 | -5.7% |
| Operating profit (loss) | 9901 | €44,573 | €27,273 | -€17,300 | -38.8% |
| Financial income | 75/76B | €18 | €218 | +€200 | +1,127% |
| Recurring financial income | 75 | €18 | €218 | +€200 | +1,127% |
| Financial charges | 65/66B | €26,317 | €11,933 | -€14,383 | -54.7% |
| Recurring financial charges | 65 | €8,017 | €11,933 | +€3,917 | +48.9% |
| Non-recurring financial charges | 66B | €18,300 | €0 | -€18,300 | -100% |
| Profit (loss) for the period before taxes | 9903 | €18,274 | €15,557 | -€2,716 | -14.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €18,274 | €15,557 | -€2,716 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,274 | €15,557 | -€2,716 | -14.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.