DAB AGRI: 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.
DAB AGRI
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-48.8%), from €3.4m to €1.7m
- Receivables within one year +€946,904
up €946,904 (+870%), from €108,878 to €1.1m
of which Trade receivables: +€923,033
- Financial fixed assets +€330,200
up €330,200 (+30.8%), from €1.1m to €1.4m
- Cash -€177,089
down €177,089 (-50.4%), from €351,024 to €173,935
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€946,904)
- Tangible fixed assets +€125,761
up €125,761 (+2.4%), from €5.2m to €5.3m
of which Land and buildings: +€1.9m
- Trade debts -€610,125
down €610,125 (-47.4%), from €1.3m to €676,641
- Current portion of long-term debt +€216,337
up €216,337 (+39.4%), from €548,663 to €765,000
- Other debts -€152,819
down €152,819 (-8.5%), from €1.8m to €1.6m
- Gross operating margin -€511,977
down €511,977 (-36.8%), from €1.4m to €880,649
- Taxes -€174,398
no longer reported in 2025 (was €174,398)
- Depreciation +€134,373
up €134,373 (+22.9%), from €586,158 to €720,531
- Financial charges +€60,709
up €60,709 (+74.2%), from €81,814 to €142,524
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 | €10,102,431 | €9,669,210 | -€433,221 | -4.3% |
| Fixed assets | 21/28 | €6,256,542 | €6,712,502 | +€455,961 | +7.3% |
| Tangible fixed assets | 22/27 | €5,183,163 | €5,308,923 | +€125,761 | +2.4% |
| Land and buildings | 22 | €483,011 | €2,419,925 | +€1.9m | +401% |
| Plant, machinery and equipment | 23 | €2,987,095 | €2,887,696 | -€99,399 | -3.3% |
| Furniture and vehicles | 24 | €2,171 | €1,302 | -€869 | -40.0% |
| Assets under construction and advance payments | 27 | €1,710,886 | - | -€1.7m | |
| Financial fixed assets | 28 | €1,073,379 | €1,403,579 | +€330,200 | +30.8% |
| Current assets | 29/58 | €3,845,890 | €2,956,708 | -€889,181 | -23.1% |
| Stocks and contracts in progress | 3 | €3,366,250 | €1,725,000 | -€1.6m | -48.8% |
| Stocks | 30/36 | €3,366,250 | €1,725,000 | -€1.6m | -48.8% |
| Amounts receivable within one year | 40/41 | €108,878 | €1,055,782 | +€946,904 | +870% |
| Trade receivables | 40 | €46,158 | €969,191 | +€923,033 | +2,000% |
| Other amounts receivable | 41 | €62,721 | €86,591 | +€23,871 | +38.1% |
| Cash at bank and in hand | 54/58 | €351,024 | €173,935 | -€177,089 | -50.4% |
| Deferred charges and accrued income | 490/1 | €19,738 | €1,991 | -€17,746 | -89.9% |
| Total equity and liabilities | 10/49 | €10,102,431 | €9,669,210 | -€433,221 | -4.3% |
| Equity | 10/15 | €1,861,408 | €1,877,948 | +€16,540 | +0.9% |
| Contributions | 10/11 | €54,200 | €54,200 | = | 0.0% |
| Reserves | 13 | €1,807,208 | €1,823,748 | +€16,540 | +0.9% |
| Tax-exempt reserves | 132 | €62,985 | €43,348 | -€19,638 | -31.2% |
| Distributable reserves | 133 | €1,744,223 | €1,780,400 | +€36,178 | +2.1% |
| Provisions and deferred taxes | 16 | €20,995 | €14,449 | -€6,546 | -31.2% |
| Deferred taxes | 168 | €20,995 | €14,449 | -€6,546 | -31.2% |
| Amounts payable | 17/49 | €8,220,028 | €7,776,813 | -€443,215 | -5.4% |
| Amounts payable after more than one year | 17 | €4,189,845 | €4,208,235 | +€18,390 | +0.4% |
| Financial debts | 170/4 | €4,189,845 | €4,208,235 | +€18,390 | +0.4% |
| Amounts payable within one year | 42/48 | €4,030,184 | €3,568,578 | -€461,606 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €548,663 | €765,000 | +€216,337 | +39.4% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €1,286,766 | €676,641 | -€610,125 | -47.4% |
| Suppliers | 440/4 | €1,286,766 | €676,641 | -€610,125 | -47.4% |
| Taxes, remuneration and social security | 45 | €203,103 | €288,105 | +€85,002 | +41.9% |
| Taxes | 450/3 | €178,103 | €245,534 | +€67,431 | +37.9% |
| Remuneration and social security | 454/9 | €25,000 | €42,571 | +€17,571 | +70.3% |
| Other amounts payable | 47/48 | €1,791,651 | €1,638,833 | -€152,819 | -8.5% |
| Non-recurring operating income | 76A | - | €105,275 | +€105,275 | |
| Remuneration, social security and pensions | 62 | - | €10,584 | +€10,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586,158 | €720,531 | +€134,373 | +22.9% |
| Other operating charges | 640/8 | €1,569 | €2,724 | +€1,154 | +73.6% |
| Gross operating margin | 9900 | €1,392,626 | €880,649 | -€511,977 | -36.8% |
| Operating profit (loss) | 9901 | €804,899 | €146,810 | -€658,090 | -81.8% |
| Financial income | 75/76B | €3,413 | €5,709 | +€2,295 | +67.2% |
| Recurring financial income | 75 | €3,413 | €5,709 | +€2,295 | +67.2% |
| Financial charges | 65/66B | €81,814 | €142,524 | +€60,709 | +74.2% |
| Recurring financial charges | 65 | €81,814 | €142,524 | +€60,709 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €726,498 | €9,994 | -€716,504 | -98.6% |
| Transfer from deferred taxes | 780 | €6,546 | €6,546 | = | 0.0% |
| Income taxes | 67/77 | €174,398 | - | -€174,398 | |
| Profit (loss) for the period | 9904 | €558,646 | €16,540 | -€542,105 | -97.0% |
| Transfer from tax-exempt reserves | 789 | €19,638 | €19,638 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €578,283 | €36,178 | -€542,105 | -93.7% |
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 15 October 2026 via checked.be.