Degros: 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.
Degros
Largest movements
- Receivables within one year +€215,699
up €215,699 (+273.0%), from €79,016 to €294,715
of which Trade receivables: +€290,000
- Stocks and contracts +€144,096
up €144,096 (+7.6%), from €1.9m to €2.0m
- Cash +€24,253
up €24,253 (+885.2%), from €2,740 to €26,993
mainly Net result for the year (+€350,104) and Trade debts (+€64,057)
- Reserves +€342,471
up €342,471 (+102.3%), from €334,717 to €677,188
of which Distributable reserves: +€342,471
- Accrued charges and deferred income -€88,948
no longer reported in 2025 (was €88,948)
- Trade debts +€64,057
up €64,057 (+2346.1%), from €2,730 to €66,788
- Other debts +€39,636
up €39,636 (+2.6%), from €1.5m to €1.5m
- Gross operating margin +€472,123
up €472,123, from -€5,542 to €466,582
- Taxes +€114,293
up €114,293, from -€94 to €114,199
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 | €1,976,970 | €2,361,019 | +€384,049 | +19.4% |
| Current assets | 29/58 | €1,976,970 | €2,361,019 | +€384,049 | +19.4% |
| Stocks and contracts in progress | 3 | €1,895,214 | €2,039,311 | +€144,096 | +7.6% |
| Stocks | 30/36 | €1,895,214 | €2,039,311 | +€144,096 | +7.6% |
| Amounts receivable within one year | 40/41 | €79,016 | €294,715 | +€215,699 | +273.0% |
| Trade receivables | 40 | - | €290,000 | +€290,000 | |
| Other amounts receivable | 41 | €79,016 | €4,715 | -€74,301 | -94.0% |
| Cash at bank and in hand | 54/58 | €2,740 | €26,993 | +€24,253 | +885.2% |
| Total equity and liabilities | 10/49 | €1,976,970 | €2,361,019 | +€384,049 | +19.4% |
| Equity | 10/15 | €389,057 | €739,162 | +€350,104 | +90.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €334,717 | €677,188 | +€342,471 | +102.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €316,693 | €316,693 | = | 0.0% |
| Distributable reserves | 133 | €11,827 | €354,298 | +€342,471 | +2895.6% |
| Profit (loss) carried forward | 14 | -€7,633 | - | +€7,633 | |
| Amounts payable | 17/49 | €1,587,913 | €1,621,857 | +€33,944 | +2.1% |
| Amounts payable within one year | 42/48 | €1,498,965 | €1,621,857 | +€122,892 | +8.2% |
| Trade debts | 44 | €2,730 | €66,788 | +€64,057 | +2346.1% |
| Suppliers | 440/4 | €2,730 | €66,788 | +€64,057 | +2346.1% |
| Taxes, remuneration and social security | 45 | - | €19,199 | +€19,199 | |
| Taxes | 450/3 | - | €19,199 | +€19,199 | |
| Other amounts payable | 47/48 | €1,496,235 | €1,535,871 | +€39,636 | +2.6% |
| Accrued charges and deferred income | 492/3 | €88,948 | - | -€88,948 | |
| Other operating charges | 640/8 | €1,030 | €1,125 | +€96 | +9.3% |
| Gross operating margin | 9900 | -€5,542 | €466,582 | +€472,123 | |
| Operating profit (loss) | 9901 | -€6,571 | €465,457 | +€472,028 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €1,156 | €1,186 | +€30 | +2.6% |
| Recurring financial charges | 65 | €1,156 | €1,186 | +€30 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,727 | €464,303 | +€472,030 | |
| Income taxes | 67/77 | -€94 | €114,199 | +€114,293 | |
| Profit (loss) for the period | 9904 | -€7,633 | €350,104 | +€357,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,633 | €350,104 | +€357,738 |
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 8 October 2026 via checked.be.