DEGROVI: 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.
DEGROVI
Largest movements
- Receivables within one year -€53,700
down €53,700 (-58.6%), from €91,592 to €37,891
of which Trade receivables: -€58,389
- Cash +€46,429
up €46,429 (+2384.8%), from €1,947 to €48,376
mainly Debts after one year (+€54,429) and Receivables within one year (+€53,700)
- Tangible fixed assets +€11,583
up €11,583 (+20.9%), from €55,441 to €67,024
of which Plant, machinery and equipment: +€30,485
- Deferred charges and accrued income -€1,601
down €1,601 (-51.9%), from €3,085 to €1,484
- Debts after one year +€54,429
up €54,429 (+40.4%), from €134,571 to €189,000
of which Other amounts payable: +€61,000
- Other debts -€34,791
down €34,791 (-46.5%), from €74,791 to €40,000
- Short-term financial debts -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Tax, wage and social debts +€10,256
up €10,256 (+268.6%), from €3,818 to €14,074
of which Remuneration and social security: +€7,659
- Current portion of long-term debt -€8,768
down €8,768 (-57.2%), from €15,339 to €6,571
- Gross operating margin +€111,628
up €111,628 (+109.8%), from €101,669 to €213,296
- Staff costs +€5,569
up €5,569 (+2.9%), from €190,146 to €195,715
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 | €152,064 | €154,775 | +€2,711 | +1.8% |
| Fixed assets | 21/28 | €55,441 | €67,024 | +€11,583 | +20.9% |
| Tangible fixed assets | 22/27 | €55,441 | €67,024 | +€11,583 | +20.9% |
| Plant, machinery and equipment | 23 | - | €30,485 | +€30,485 | |
| Furniture and vehicles | 24 | €55,441 | €36,539 | -€18,902 | -34.1% |
| Current assets | 29/58 | €96,623 | €87,751 | -€8,872 | -9.2% |
| Amounts receivable within one year | 40/41 | €91,592 | €37,891 | -€53,700 | -58.6% |
| Trade receivables | 40 | €68,301 | €9,911 | -€58,389 | -85.5% |
| Other amounts receivable | 41 | €23,291 | €27,980 | +€4,689 | +20.1% |
| Cash at bank and in hand | 54/58 | €1,947 | €48,376 | +€46,429 | +2384.8% |
| Deferred charges and accrued income | 490/1 | €3,085 | €1,484 | -€1,601 | -51.9% |
| Total equity and liabilities | 10/49 | €152,064 | €154,775 | +€2,711 | +1.8% |
| Equity | 10/15 | -€95,678 | -€98,805 | -€3,127 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,081 | €21,081 | = | 0.0% |
| Distributable reserves | 133 | €21,081 | €21,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,359 | -€138,486 | -€3,127 | -2.3% |
| Amounts payable | 17/49 | €247,743 | €253,580 | +€5,838 | +2.4% |
| Amounts payable after more than one year | 17 | €134,571 | €189,000 | +€54,429 | +40.4% |
| Financial debts | 170/4 | €6,571 | €0 | -€6,571 | -100.0% |
| Other amounts payable | 178/9 | €128,000 | €189,000 | +€61,000 | +47.7% |
| Amounts payable within one year | 42/48 | €113,056 | €64,580 | -€48,476 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €15,339 | €6,571 | -€8,768 | -57.2% |
| Financial debts | 43 | €15,000 | €0 | -€15,000 | -100.0% |
| Other loans | 439 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade debts | 44 | €4,107 | €3,936 | -€172 | -4.2% |
| Suppliers | 440/4 | €4,107 | €3,936 | -€172 | -4.2% |
| Taxes, remuneration and social security | 45 | €3,818 | €14,074 | +€10,256 | +268.6% |
| Taxes | 450/3 | €3,818 | €6,415 | +€2,597 | +68.0% |
| Remuneration and social security | 454/9 | - | €7,659 | +€7,659 | |
| Other amounts payable | 47/48 | €74,791 | €40,000 | -€34,791 | -46.5% |
| Accrued charges and deferred income | 492/3 | €116 | €0 | -€116 | -100.0% |
| Non-recurring operating income | 76A | - | €1,536 | +€1,536 | |
| Remuneration, social security and pensions | 62 | €190,146 | €195,715 | +€5,569 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,456 | €21,417 | +€1,961 | +10.1% |
| Other operating charges | 640/8 | €1,564 | €600 | -€964 | -61.6% |
| Gross operating margin | 9900 | €101,669 | €213,296 | +€111,628 | +109.8% |
| Operating profit (loss) | 9901 | -€109,498 | -€4,436 | +€105,062 | +95.9% |
| Financial income | 75/76B | €1 | €2,097 | +€2,096 | +216088.7% |
| Recurring financial income | 75 | €1 | €2,097 | +€2,096 | +216088.7% |
| Financial charges | 65/66B | €1,176 | €611 | -€566 | -48.1% |
| Recurring financial charges | 65 | €1,176 | €611 | -€566 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€110,673 | -€2,950 | +€107,723 | +97.3% |
| Income taxes | 67/77 | €168 | €177 | +€9 | +5.4% |
| Profit (loss) for the period | 9904 | -€110,841 | -€3,127 | +€107,714 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,841 | -€3,127 | +€107,714 | +97.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.