DEGROS DANIEL: 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.
DEGROS DANIEL
Largest movements
- Receivables within one year -€55,168
down €55,168 (-25.9%), from €212,749 to €157,580
of which Trade receivables: -€34,351
- Tangible fixed assets -€10,804
down €10,804 (-10.5%), from €103,348 to €92,544
of which Furniture and vehicles: -€10,275
- Trade debts -€26,430
down €26,430 (-32.7%), from €80,838 to €54,408
- Debts after one year +€24,635
up €24,635 (+51.8%), from €47,565 to €72,200
- Contributions -€18,592
down €18,592 (-93.0%), from €20,000 to €1,408
- Reserves -€15,800
down €15,800 (-7.7%), from €206,068 to €190,268
of which Distributable reserves: -€15,800
- Short-term financial debts -€15,445
down €15,445 (-39.6%), from €39,038 to €23,594
- Gross operating margin -€44,875
down €44,875 (-12.6%), from €354,749 to €309,875
- Staff costs -€23,789
down €23,789 (-8.6%), from €275,508 to €251,718
- Depreciation -€17,000
down €17,000 (-57.0%), from €29,836 to €12,835
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 | €442,974 | €381,665 | -€61,309 | -13.8% |
| Fixed assets | 21/28 | €103,348 | €92,544 | -€10,804 | -10.5% |
| Tangible fixed assets | 22/27 | €103,348 | €92,544 | -€10,804 | -10.5% |
| Land and buildings | 22 | €49,623 | €47,838 | -€1,785 | -3.6% |
| Plant, machinery and equipment | 23 | €2,325 | €3,580 | +€1,256 | +54.0% |
| Furniture and vehicles | 24 | €51,400 | €41,126 | -€10,275 | -20.0% |
| Current assets | 29/58 | €339,626 | €289,121 | -€50,505 | -14.9% |
| Stocks and contracts in progress | 3 | €117,491 | €118,675 | +€1,184 | +1.0% |
| Stocks | 30/36 | €79,660 | €85,975 | +€6,315 | +7.9% |
| Contracts in progress | 37 | €37,831 | €32,700 | -€5,131 | -13.6% |
| Amounts receivable within one year | 40/41 | €212,749 | €157,580 | -€55,168 | -25.9% |
| Trade receivables | 40 | €182,343 | €147,992 | -€34,351 | -18.8% |
| Other amounts receivable | 41 | €30,405 | €9,588 | -€20,817 | -68.5% |
| Cash at bank and in hand | 54/58 | €266 | €451 | +€184 | +69.2% |
| Deferred charges and accrued income | 490/1 | €9,120 | €12,415 | +€3,295 | +36.1% |
| Total equity and liabilities | 10/49 | €442,974 | €381,665 | -€61,309 | -13.8% |
| Equity | 10/15 | €226,185 | €191,854 | -€34,332 | -15.2% |
| Contributions | 10/11 | €20,000 | €1,408 | -€18,592 | -93.0% |
| Reserves | 13 | €206,068 | €190,268 | -€15,800 | -7.7% |
| Tax-exempt reserves | 132 | €11,768 | €11,768 | = | 0.0% |
| Distributable reserves | 133 | €194,300 | €178,500 | -€15,800 | -8.1% |
| Profit (loss) carried forward | 14 | €117 | €177 | +€60 | +51.8% |
| Amounts payable | 17/49 | €216,789 | €189,812 | -€26,977 | -12.4% |
| Amounts payable after more than one year | 17 | €47,565 | €72,200 | +€24,635 | +51.8% |
| Financial debts | 170/4 | €47,565 | €72,200 | +€24,635 | +51.8% |
| Amounts payable within one year | 42/48 | €167,969 | €116,360 | -€51,609 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €29,248 | €30,827 | +€1,579 | +5.4% |
| Financial debts | 43 | €39,038 | €23,594 | -€15,445 | -39.6% |
| Credit institutions | 430/8 | €39,038 | €23,594 | -€15,445 | -39.6% |
| Trade debts | 44 | €80,838 | €54,408 | -€26,430 | -32.7% |
| Suppliers | 440/4 | €80,838 | €54,408 | -€26,430 | -32.7% |
| Taxes, remuneration and social security | 45 | €18,844 | €7,531 | -€11,313 | -60.0% |
| Taxes | 450/3 | €8,599 | €3,614 | -€4,984 | -58.0% |
| Remuneration and social security | 454/9 | €10,246 | €3,917 | -€6,329 | -61.8% |
| Accrued charges and deferred income | 492/3 | €1,255 | €1,251 | -€4 | -0.3% |
| Remuneration, social security and pensions | 62 | €275,508 | €251,718 | -€23,789 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,836 | €12,835 | -€17,000 | -57.0% |
| Other operating charges | 640/8 | €4,968 | €4,079 | -€888 | -17.9% |
| Non-recurring operating charges | 66A | €947 | - | -€947 | |
| Gross operating margin | 9900 | €354,749 | €309,875 | -€44,875 | -12.6% |
| Operating profit (loss) | 9901 | €43,492 | €41,242 | -€2,250 | -5.2% |
| Financial income | 75/76B | €88 | €156 | +€68 | +77.1% |
| Recurring financial income | 75 | €88 | €156 | +€68 | +77.1% |
| Financial charges | 65/66B | €8,410 | €8,785 | +€375 | +4.5% |
| Recurring financial charges | 65 | €8,410 | €8,785 | +€375 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €35,170 | €32,613 | -€2,558 | -7.3% |
| Income taxes | 67/77 | €8,537 | €10,352 | +€1,815 | +21.3% |
| Profit (loss) for the period | 9904 | €26,633 | €22,260 | -€4,373 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,633 | €22,260 | -€4,373 | -16.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.