DEGANDT: 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
DEGANDT
NACE 01.610, Support activities for crop production
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€826,215
2025 · €647,051+€179,164
Equity
€4.0m
2025 · €3.3m+€661,181
Cash
€758,798
2025 · €180,516+€578,282
Balance sheet total
€6.9m
2025 · €4.9m+€2.1m
Largest movements
Assets
- Tangible fixed assets +€646,403
up €646,403 (+15.8%), from €4.1m to €4.7m
of which Assets under construction and advance payments: +€1.3m
- Receivables within one year +€586,665
up €586,665 (+267%), from €220,035 to €806,699
of which Other amounts receivable: +€614,414
- Cash +€578,282
up €578,282 (+320%), from €180,516 to €758,798
mainly Depreciation (+€1.4m) and Debts after one year (+€1.1m)
- Current investments +€250,000
up €250,000 (+71.4%), from €350,000 to €600,000
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+226%), from €508,545 to €1.7m
- Reserves +€704,215
up €704,215 (+24.8%), from €2.8m to €3.5m
of which Distributable reserves: +€544,736
- Trade debts +€194,103
up €194,103 (+56.1%), from €346,204 to €540,307
Income statement
- Gross operating margin +€475,626
up €475,626 (+20.2%), from €2.3m to €2.8m
- Depreciation +€134,582
up €134,582 (+10.8%), from €1.2m to €1.4m
- Staff costs +€80,015
up €80,015 (+24.0%), from €332,798 to €412,814
- Financial income -€56,847
down €56,847 (-50.4%), from €112,868 to €56,021
From the 2025 result to the 2026 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 2025
€647,051
Gross operating margin
+€475,626
Staff costs
-€80,015
Depreciation
-€134,582
Write-downs
-€1,711
Other operating charges
-€5,519
Financial income
-€56,847
Financial charges
-€5,936
Taxes
-€9,645
Deferred taxes and other
-€2,208
Result 2026
€826,215
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.8m
Investment
-€2.3m
Financing
+€1.0m
Cash 2025
€180,516
From operations (derived)
+€1.8m
Net result for the year
+€826,215
Depreciation
+€1.4m
Receivables within one year
-€586,665
Deferred charges and accrued income
-€6,353
Provisions
+€53,160
Trade debts
+€194,103
Tax, wage and social debts
-€27,146
Other debts
-€24,330
Accrued charges and deferred income
+€25
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.0m
Current investments
-€250,000
Financing
+€1.0m
Debts after one year
+€1.1m
Current portion of long-term debt
+€65,871
Contributions, distributions and other
-€165,034
Cash 2026
€758,798
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,866,764 | €6,938,645 | +€2.1m | +42.6% |
| Fixed assets | 21/28 | €4,089,331 | €4,739,911 | +€650,580 | +15.9% |
| Tangible fixed assets | 22/27 | €4,089,161 | €4,735,564 | +€646,403 | +15.8% |
| Land and buildings | 22 | €343,882 | €323,046 | -€20,836 | -6.1% |
| Plant, machinery and equipment | 23 | €3,021,942 | €2,773,386 | -€248,556 | -8.2% |
| Furniture and vehicles | 24 | €65,303 | €33,598 | -€31,705 | -48.6% |
| Leasing and similar rights | 25 | €658,034 | €313,514 | -€344,520 | -52.4% |
| Assets under construction and advance payments | 27 | - | €1,292,020 | +€1.3m | |
| Financial fixed assets | 28 | €170 | €4,347 | +€4,177 | +2,457% |
| Current assets | 29/58 | €777,433 | €2,198,734 | +€1.4m | +183% |
| Amounts receivable within one year | 40/41 | €220,035 | €806,699 | +€586,665 | +267% |
| Trade receivables | 40 | €46,207 | €18,458 | -€27,749 | -60.1% |
| Other amounts receivable | 41 | €173,827 | €788,242 | +€614,414 | +353% |
| Current investments | 50/53 | €350,000 | €600,000 | +€250,000 | +71.4% |
| Cash at bank and in hand | 54/58 | €180,516 | €758,798 | +€578,282 | +320% |
| Deferred charges and accrued income | 490/1 | €26,883 | €33,236 | +€6,353 | +23.6% |
| Total equity and liabilities | 10/49 | €4,866,764 | €6,938,645 | +€2.1m | +42.6% |
| Equity | 10/15 | €3,296,307 | €3,957,488 | +€661,181 | +20.1% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €2,839,542 | €3,543,757 | +€704,215 | +24.8% |
| Tax-exempt reserves | 132 | €305,451 | €464,930 | +€159,479 | +52.2% |
| Distributable reserves | 133 | €2,534,090 | €3,078,827 | +€544,736 | +21.5% |
| Profit (loss) carried forward | 14 | €188,445 | €188,445 | = | 0.0% |
| Investment grants | 15 | €231,120 | €188,086 | -€43,034 | -18.6% |
| Provisions and deferred taxes | 16 | €83,992 | €137,151 | +€53,160 | +63.3% |
| Deferred taxes | 168 | €83,992 | €137,151 | +€53,160 | +63.3% |
| Amounts payable | 17/49 | €1,486,466 | €2,844,005 | +€1.4m | +91.3% |
| Amounts payable after more than one year | 17 | €508,545 | €1,657,563 | +€1.1m | +226% |
| Financial debts | 170/4 | €508,545 | €1,657,563 | +€1.1m | +226% |
| Amounts payable within one year | 42/48 | €977,474 | €1,185,971 | +€208,497 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €550,364 | €616,234 | +€65,871 | +12.0% |
| Trade debts | 44 | €346,204 | €540,307 | +€194,103 | +56.1% |
| Suppliers | 440/4 | €346,204 | €540,307 | +€194,103 | +56.1% |
| Taxes, remuneration and social security | 45 | €55,168 | €28,022 | -€27,146 | -49.2% |
| Taxes | 450/3 | €39,670 | €6,676 | -€32,994 | -83.2% |
| Remuneration and social security | 454/9 | €15,498 | €21,346 | +€5,848 | +37.7% |
| Other amounts payable | 47/48 | €25,738 | €1,408 | -€24,330 | -94.5% |
| Accrued charges and deferred income | 492/3 | €446 | €471 | +€25 | +5.5% |
| Non-recurring operating income | 76A | €259,000 | €345,942 | +€86,942 | +33.6% |
| Remuneration, social security and pensions | 62 | €332,798 | €412,814 | +€80,015 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244,777 | €1,379,359 | +€134,582 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,711 | +€1,711 | |
| Other operating charges | 640/8 | €40,467 | €45,986 | +€5,519 | +13.6% |
| Gross operating margin | 9900 | €2,349,260 | €2,824,887 | +€475,626 | +20.2% |
| Operating profit (loss) | 9901 | €731,218 | €985,017 | +€253,799 | +34.7% |
| Financial income | 75/76B | €112,868 | €56,021 | -€56,847 | -50.4% |
| Recurring financial income | 75 | €112,868 | €56,021 | -€56,847 | -50.4% |
| Financial charges | 65/66B | €10,084 | €16,020 | +€5,936 | +58.9% |
| Recurring financial charges | 65 | €10,084 | €16,020 | +€5,936 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €834,002 | €1,025,018 | +€191,017 | +22.9% |
| Transfer from deferred taxes | 780 | €13,798 | €23,590 | +€9,792 | +71.0% |
| Transfer to deferred taxes | 680 | €64,750 | €76,750 | +€12,000 | +18.5% |
| Income taxes | 67/77 | €135,999 | €145,644 | +€9,645 | +7.1% |
| Profit (loss) for the period | 9904 | €647,051 | €826,215 | +€179,164 | +27.7% |
| Transfer from tax-exempt reserves | 789 | €41,394 | €70,771 | +€29,377 | +71.0% |
| Transfer to tax-exempt reserves | 689 | €194,250 | €230,250 | +€36,000 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €494,195 | €666,735 | +€172,541 | +34.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.