DEGUBO: 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.
DEGUBO
Largest movements
- Cash -€27,467
down €27,467 (-79.7%), from €34,470 to €7,003
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€16,016)
- Tangible fixed assets -€17,668
down €17,668 (-14.1%), from €124,975 to €107,307
of which Furniture and vehicles: -€20,973
- Receivables within one year -€6,401
down €6,401 (-40.8%), from €15,709 to €9,307
of which Trade receivables: -€5,490
- Reserves -€29,940
down €29,940 (-47.8%), from €62,670 to €32,730
- Debts after one year -€16,016
down €16,016 (-30.2%), from €52,994 to €36,978
- Other debts -€11,207
down €11,207 (-41.8%), from €26,796 to €15,589
- Tax, wage and social debts +€6,180
new in 2025: €6,180
- Trade debts -€2,904
down €2,904 (-92.3%), from €3,148 to €243
- Depreciation +€14,876
up €14,876 (+122.4%), from €12,155 to €27,032
- Gross operating margin -€14,567
down €14,567 (-33.6%), from €43,399 to €28,832
- Taxes -€4,945
down €4,945 (-86.1%), from €5,746 to €801
- Other operating charges -€4,733
down €4,733 (-93.1%), from €5,084 to €350
- Financial charges +€945
up €945 (+55.7%), from €1,696 to €2,641
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 | €193,007 | €138,886 | -€54,122 | -28.0% |
| Fixed assets | 21/28 | €124,975 | €107,307 | -€17,668 | -14.1% |
| Tangible fixed assets | 22/27 | €124,975 | €107,307 | -€17,668 | -14.1% |
| Plant, machinery and equipment | 23 | €400 | €3,705 | +€3,305 | +825.6% |
| Furniture and vehicles | 24 | €124,575 | €103,602 | -€20,973 | -16.8% |
| Current assets | 29/58 | €68,032 | €31,579 | -€36,454 | -53.6% |
| Amounts receivable after more than one year | 29 | €5,000 | €3,500 | -€1,500 | -30.0% |
| Other amounts receivable | 291 | €5,000 | €3,500 | -€1,500 | -30.0% |
| Stocks and contracts in progress | 3 | €2,001 | €1,365 | -€636 | -31.8% |
| Stocks | 30/36 | €2,001 | €1,365 | -€636 | -31.8% |
| Amounts receivable within one year | 40/41 | €15,709 | €9,307 | -€6,401 | -40.8% |
| Trade receivables | 40 | €7,926 | €2,436 | -€5,490 | -69.3% |
| Other amounts receivable | 41 | €7,783 | €6,871 | -€912 | -11.7% |
| Current investments | 50/53 | €5,799 | €5,852 | +€53 | +0.9% |
| Cash at bank and in hand | 54/58 | €34,470 | €7,003 | -€27,467 | -79.7% |
| Deferred charges and accrued income | 490/1 | €5,053 | €4,551 | -€502 | -9.9% |
| Total equity and liabilities | 10/49 | €193,007 | €138,886 | -€54,122 | -28.0% |
| Equity | 10/15 | €87,670 | €57,730 | -€29,940 | -34.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €62,670 | €32,730 | -€29,940 | -47.8% |
| Distributable reserves | 133 | €62,670 | €32,730 | -€29,940 | -47.8% |
| Amounts payable | 17/49 | €105,337 | €81,156 | -€24,182 | -23.0% |
| Amounts payable after more than one year | 17 | €52,994 | €36,978 | -€16,016 | -30.2% |
| Financial debts | 170/4 | €52,994 | €36,978 | -€16,016 | -30.2% |
| Amounts payable within one year | 42/48 | €50,435 | €39,903 | -€10,532 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €20,491 | €17,891 | -€2,601 | -12.7% |
| Trade debts | 44 | €3,148 | €243 | -€2,904 | -92.3% |
| Suppliers | 440/4 | €3,148 | €243 | -€2,904 | -92.3% |
| Taxes, remuneration and social security | 45 | - | €6,180 | +€6,180 | |
| Taxes | 450/3 | - | €6,180 | +€6,180 | |
| Other amounts payable | 47/48 | €26,796 | €15,589 | -€11,207 | -41.8% |
| Accrued charges and deferred income | 492/3 | €1,909 | €4,275 | +€2,366 | +123.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,155 | €27,032 | +€14,876 | +122.4% |
| Other operating charges | 640/8 | €5,084 | €350 | -€4,733 | -93.1% |
| Gross operating margin | 9900 | €43,399 | €28,832 | -€14,567 | -33.6% |
| Operating profit (loss) | 9901 | €26,161 | €1,450 | -€24,710 | -94.5% |
| Financial income | 75/76B | €1,938 | €2,052 | +€114 | +5.9% |
| Recurring financial income | 75 | €1,938 | €2,052 | +€114 | +5.9% |
| Financial charges | 65/66B | €1,696 | €2,641 | +€945 | +55.7% |
| Recurring financial charges | 65 | €1,696 | €2,641 | +€945 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €26,402 | €861 | -€25,541 | -96.7% |
| Income taxes | 67/77 | €5,746 | €801 | -€4,945 | -86.1% |
| Profit (loss) for the period | 9904 | €20,657 | €60 | -€20,597 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,657 | €60 | -€20,597 | -99.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.