DEGUBEL: 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.
What changed
DEGUBEL
NACE 01.191, Growing of flowers
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€484,731
2024 · €1.3m-€849,673
Equity
€2.5m
2024 · €2.1m+€362,731
Cash
€275,236
2024 · €131,660+€143,576
Balance sheet total
€15.2m
2024 · €13.2m+€2.1m
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+19.0%), from €10.4m to €12.3m
of which Land and buildings: +€1.5m
- Stocks and contracts -€158,403
down €158,403 (-13.4%), from €1.2m to €1.0m
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+606.2%), from €275,164 to €1.9m
- Reserves +€362,731
up €362,731 (+17.4%), from €2.1m to €2.4m
- Debts after one year -€265,690
down €265,690 (-2.9%), from €9.0m to €8.8m
Income statement
- Financial income -€721,030
down €721,030 (-96.4%), from €747,731 to €26,701
- Gross operating margin +€420,352
up €420,352 (+16.2%), from €2.6m to €3.0m
- Depreciation +€279,515
up €279,515 (+34.2%), from €817,595 to €1.1m
- Staff costs +€170,576
up €170,576 (+18.8%), from €908,763 to €1.1m
- Taxes +€94,390
up €94,390 (+81.0%), from €116,505 to €210,895
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.
Result 2024
€1.3m
Gross operating margin
+€420,352
Staff costs
-€170,576
Depreciation
-€279,515
Other operating charges
-€5,628
Other operating items
-€19,607
Financial income
-€721,030
Financial charges
+€20,721
Taxes
-€94,390
Result 2025
€484,731
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.
From operations
+€3.5m
Investment
-€3.1m
Financing
-€268,775
Cash 2024
€131,660
From operations (derived)
+€3.5m
Net result for the year
+€484,731
Depreciation
+€1.1m
Stocks and contracts
+€158,403
Receivables within one year
-€85,167
Deferred charges and accrued income
-€9,015
Trade debts
+€132,549
Tax, wage and social debts
+€52,315
Other debts
+€1.7m
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€3.1m
Financing
-€268,775
Debts after one year
-€265,690
Current portion of long-term debt
+€77,840
Short-term financial debts
+€41,075
Contributions, distributions and other
-€122,000
Cash 2025
€275,236
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,153,021 | €15,221,960 | +€2.1m | +15.7% |
| Fixed assets | 21/28 | €10,378,574 | €12,368,157 | +€2.0m | +19.2% |
| Tangible fixed assets | 22/27 | €10,368,780 | €12,338,305 | +€2.0m | +19.0% |
| Land and buildings | 22 | €7,221,017 | €8,765,618 | +€1.5m | +21.4% |
| Plant, machinery and equipment | 23 | €2,964,125 | €3,077,530 | +€113,405 | +3.8% |
| Furniture and vehicles | 24 | €183,638 | €495,157 | +€311,519 | +169.6% |
| Financial fixed assets | 28 | €9,794 | €29,852 | +€20,058 | +204.8% |
| Current assets | 29/58 | €2,774,447 | €2,853,803 | +€79,356 | +2.9% |
| Stocks and contracts in progress | 3 | €1,185,000 | €1,026,597 | -€158,403 | -13.4% |
| Stocks | 30/36 | €1,185,000 | €1,026,597 | -€158,403 | -13.4% |
| Amounts receivable within one year | 40/41 | €456,288 | €541,455 | +€85,167 | +18.7% |
| Trade receivables | 40 | €456,288 | €467,580 | +€11,292 | +2.5% |
| Other amounts receivable | 41 | - | €73,875 | +€73,875 | |
| Current investments | 50/53 | €1,000,000 | €1,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,660 | €275,236 | +€143,576 | +109.1% |
| Deferred charges and accrued income | 490/1 | €1,500 | €10,515 | +€9,015 | +601.2% |
| Total equity and liabilities | 10/49 | €13,153,021 | €15,221,960 | +€2.1m | +15.7% |
| Equity | 10/15 | €2,100,836 | €2,463,567 | +€362,731 | +17.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,080,836 | €2,443,567 | +€362,731 | +17.4% |
| Distributable reserves | 133 | €2,080,836 | €2,443,567 | +€362,731 | +17.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,052,185 | €12,758,393 | +€1.7m | +15.4% |
| Amounts payable after more than one year | 17 | €9,040,344 | €8,774,654 | -€265,690 | -2.9% |
| Financial debts | 170/4 | €9,040,344 | €8,774,654 | -€265,690 | -2.9% |
| Amounts payable within one year | 42/48 | €2,011,841 | €3,983,739 | +€2.0m | +98.0% |
| Current portion of amounts payable after more than one year | 42 | €1,145,673 | €1,223,513 | +€77,840 | +6.8% |
| Financial debts | 43 | €100,000 | €141,075 | +€41,075 | +41.1% |
| Credit institutions | 430/8 | €100,000 | €141,075 | +€41,075 | +41.1% |
| Trade debts | 44 | €397,055 | €529,603 | +€132,549 | +33.4% |
| Suppliers | 440/4 | €397,055 | €529,603 | +€132,549 | +33.4% |
| Taxes, remuneration and social security | 45 | €93,949 | €146,264 | +€52,315 | +55.7% |
| Taxes | 450/3 | €26,190 | €31,308 | +€5,119 | +19.5% |
| Remuneration and social security | 454/9 | €67,760 | €114,956 | +€47,196 | +69.7% |
| Other amounts payable | 47/48 | €275,164 | €1,943,282 | +€1.7m | +606.2% |
| Non-recurring operating income | 76A | €0 | €1,913 | +€1,913 | |
| Remuneration, social security and pensions | 62 | €908,763 | €1,079,339 | +€170,576 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817,595 | €1,097,110 | +€279,515 | +34.2% |
| Other operating charges | 640/8 | €28,816 | €34,444 | +€5,628 | +19.5% |
| Non-recurring operating charges | 66A | - | €19,607 | +€19,607 | |
| Gross operating margin | 9900 | €2,601,637 | €3,021,989 | +€420,352 | +16.2% |
| Operating profit (loss) | 9901 | €846,463 | €791,488 | -€54,975 | -6.5% |
| Financial income | 75/76B | €747,731 | €26,701 | -€721,030 | -96.4% |
| Recurring financial income | 75 | €747,731 | €26,701 | -€721,030 | -96.4% |
| Financial charges | 65/66B | €143,284 | €122,563 | -€20,721 | -14.5% |
| Recurring financial charges | 65 | €143,284 | €122,563 | -€20,721 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €1,450,909 | €695,626 | -€755,284 | -52.1% |
| Income taxes | 67/77 | €116,505 | €210,895 | +€94,390 | +81.0% |
| Profit (loss) for the period | 9904 | €1,334,404 | €484,731 | -€849,673 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,334,404 | €484,731 | -€849,673 | -63.7% |
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 9 October 2026 via checked.be.