DEGUSCH: 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.
DEGUSCH
Largest movements
- Receivables within one year +€161,024
up €161,024 (+6.6%), from €2.5m to €2.6m
of which Other amounts receivable: +€197,620
- Tangible fixed assets -€125,447
down €125,447 (-17.5%), from €718,547 to €593,100
of which Land and buildings: -€105,373
- Current investments -€75,613
down €75,613 (-4.5%), from €1.7m to €1.6m
- Debts after one year -€178,069
down €178,069 (-29.0%), from €613,765 to €435,696
- Short-term financial debts +€100,006
up €100,006 (+5.8%), from €1.7m to €1.8m
- Reserves +€69,423
up €69,423 (+4.9%), from €1.4m to €1.5m
of which Distributable reserves: +€74,400
- Financial income -€138,097
down €138,097 (-55.4%), from €249,318 to €111,221
- Gross operating margin -€83,670
down €83,670 (-30.4%), from €275,072 to €191,402
- Taxes -€79,095
down €79,095 (-68.0%), from €116,383 to €37,288
- Write-downs +€24,200
new in 2024: €24,200
- Financial charges +€14,513
up €14,513 (+16.6%), from €87,262 to €101,775
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,838,807 | €4,810,232 | -€28,575 | -0.6% |
| Fixed assets | 21/28 | €723,848 | €598,401 | -€125,447 | -17.3% |
| Tangible fixed assets | 22/27 | €718,547 | €593,100 | -€125,447 | -17.5% |
| Land and buildings | 22 | €637,152 | €531,779 | -€105,373 | -16.5% |
| Plant, machinery and equipment | 23 | €49,252 | €44,209 | -€5,043 | -10.2% |
| Furniture and vehicles | 24 | €32,143 | €17,113 | -€15,031 | -46.8% |
| Financial fixed assets | 28 | €5,301 | €5,301 | = | 0.0% |
| Current assets | 29/58 | €4,114,960 | €4,211,831 | +€96,872 | +2.4% |
| Amounts receivable within one year | 40/41 | €2,450,725 | €2,611,749 | +€161,024 | +6.6% |
| Trade receivables | 40 | €36,596 | €0 | -€36,596 | -100.0% |
| Other amounts receivable | 41 | €2,414,129 | €2,611,749 | +€197,620 | +8.2% |
| Current investments | 50/53 | €1,663,087 | €1,587,474 | -€75,613 | -4.5% |
| Cash at bank and in hand | 54/58 | €1,148 | €12,609 | +€11,461 | +998.2% |
| Total equity and liabilities | 10/49 | €4,838,807 | €4,810,232 | -€28,575 | -0.6% |
| Equity | 10/15 | €1,596,304 | €1,665,727 | +€69,423 | +4.3% |
| Contributions | 10/11 | €179,723 | €179,723 | = | 0.0% |
| Capital | 10 | €179,723 | €179,723 | = | 0.0% |
| Issued capital | 100 | €179,723 | €179,723 | = | 0.0% |
| Reserves | 13 | €1,416,581 | €1,486,004 | +€69,423 | +4.9% |
| Non-distributable reserves | 130/1 | €17,972 | €17,972 | = | 0.0% |
| Legal reserve | 130 | €17,972 | €17,972 | = | 0.0% |
| Tax-exempt reserves | 132 | €187,390 | €182,413 | -€4,976 | -2.7% |
| Distributable reserves | 133 | €1,211,219 | €1,285,619 | +€74,400 | +6.1% |
| Provisions and deferred taxes | 16 | €16,670 | €13,352 | -€3,318 | -19.9% |
| Deferred taxes | 168 | €16,670 | €13,352 | -€3,318 | -19.9% |
| Amounts payable | 17/49 | €3,225,834 | €3,131,153 | -€94,681 | -2.9% |
| Amounts payable after more than one year | 17 | €613,765 | €435,696 | -€178,069 | -29.0% |
| Financial debts | 170/4 | €613,765 | €435,696 | -€178,069 | -29.0% |
| Amounts payable within one year | 42/48 | €2,612,069 | €2,695,457 | +€83,389 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €187,386 | €181,925 | -€5,461 | -2.9% |
| Financial debts | 43 | €1,723,594 | €1,823,600 | +€100,006 | +5.8% |
| Credit institutions | 430/8 | €1,723,594 | €1,823,600 | +€100,006 | +5.8% |
| Trade debts | 44 | €3,084 | €299 | -€2,785 | -90.3% |
| Suppliers | 440/4 | €3,084 | €299 | -€2,785 | -90.3% |
| Advances received on contracts in progress | 46 | €7,249 | €10,155 | +€2,906 | +40.1% |
| Taxes, remuneration and social security | 45 | €48,843 | €50,836 | +€1,994 | +4.1% |
| Taxes | 450/3 | €48,843 | €50,836 | +€1,994 | +4.1% |
| Other amounts payable | 47/48 | €641,914 | €628,643 | -€13,271 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,231 | €65,447 | -€4,784 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,200 | +€24,200 | |
| Other operating charges | 640/8 | €11,489 | €7,807 | -€3,682 | -32.0% |
| Gross operating margin | 9900 | €275,072 | €191,402 | -€83,670 | -30.4% |
| Operating profit (loss) | 9901 | €193,352 | €93,948 | -€99,404 | -51.4% |
| Financial income | 75/76B | €249,318 | €111,221 | -€138,097 | -55.4% |
| Recurring financial income | 75 | €249,318 | €111,221 | -€138,097 | -55.4% |
| Financial charges | 65/66B | €87,262 | €101,775 | +€14,513 | +16.6% |
| Recurring financial charges | 65 | €87,262 | €101,775 | +€14,513 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €355,407 | €103,394 | -€252,013 | -70.9% |
| Transfer from deferred taxes | 780 | €8,294 | €3,318 | -€4,976 | -60.0% |
| Income taxes | 67/77 | €116,383 | €37,288 | -€79,095 | -68.0% |
| Profit (loss) for the period | 9904 | €247,318 | €69,423 | -€177,895 | -71.9% |
| Transfer from tax-exempt reserves | 789 | - | €4,976 | +€4,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €247,318 | €74,400 | -€172,919 | -69.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.