DEGROFARM: 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.
DEGROFARM
Largest movements
- Tangible fixed assets -€23,383
down €23,383 (-2.6%), from €900,027 to €876,643
- Cash -€21,198
down €21,198 (-61.6%), from €34,434 to €13,236
mainly Contributions, distributions and other (-€263,550) and Debts after one year (-€100,023)
- Other debts +€269,604
up €269,604 (+752%), from €35,834 to €305,438
- Reserves -€212,870
down €212,870 (-99.8%), from €213,370 to €500
- Debts after one year -€100,023
down €100,023 (-10.1%), from €990,661 to €890,639
of which Financial debts: -€100,023
- Gross operating margin -€24,532
down €24,532 (-17.8%), from €138,059 to €113,527
- Taxes -€5,746
down €5,746 (-30.8%), from €18,655 to €12,908
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.
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,510,973 | €1,470,900 | -€40,073 | -2.7% |
| Fixed assets | 21/28 | €1,438,475 | €1,415,091 | -€23,383 | -1.6% |
| Tangible fixed assets | 22/27 | €900,027 | €876,643 | -€23,383 | -2.6% |
| Land and buildings | 22 | €900,027 | €876,643 | -€23,383 | -2.6% |
| Financial fixed assets | 28 | €538,448 | €538,448 | = | 0.0% |
| Current assets | 29/58 | €72,499 | €55,809 | -€16,690 | -23.0% |
| Amounts receivable within one year | 40/41 | €35,065 | €40,323 | +€5,258 | +15.0% |
| Trade receivables | 40 | €25,410 | €0 | -€25,410 | -100% |
| Other amounts receivable | 41 | €9,655 | €40,323 | +€30,668 | +318% |
| Cash at bank and in hand | 54/58 | €34,434 | €13,236 | -€21,198 | -61.6% |
| Deferred charges and accrued income | 490/1 | €3,000 | €2,250 | -€750 | -25.0% |
| Total equity and liabilities | 10/49 | €1,510,973 | €1,470,900 | -€40,073 | -2.7% |
| Equity | 10/15 | €363,370 | €150,500 | -€212,870 | -58.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €213,370 | €500 | -€212,870 | -99.8% |
| Distributable reserves | 133 | €213,370 | €500 | -€212,870 | -99.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,147,604 | €1,320,400 | +€172,797 | +15.1% |
| Amounts payable after more than one year | 17 | €990,661 | €890,639 | -€100,023 | -10.1% |
| Financial debts | 170/4 | €986,661 | €886,639 | -€100,023 | -10.1% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152,278 | €420,012 | +€267,733 | +176% |
| Current portion of amounts payable after more than one year | 42 | €101,117 | €102,803 | +€1,686 | +1.7% |
| Trade debts | 44 | €342 | €1,335 | +€993 | +290% |
| Suppliers | 440/4 | €342 | €1,335 | +€993 | +290% |
| Taxes, remuneration and social security | 45 | €14,985 | €10,436 | -€4,550 | -30.4% |
| Taxes | 450/3 | €14,985 | €10,436 | -€4,550 | -30.4% |
| Other amounts payable | 47/48 | €35,834 | €305,438 | +€269,604 | +752% |
| Accrued charges and deferred income | 492/3 | €4,664 | €9,750 | +€5,086 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,383 | €23,383 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,080 | €3,100 | +€20 | +0.6% |
| Gross operating margin | 9900 | €138,059 | €113,527 | -€24,532 | -17.8% |
| Operating profit (loss) | 9901 | €111,596 | €87,044 | -€24,551 | -22.0% |
| Financial income | 75/76B | €30 | €30 | -€0 | 0.0% |
| Recurring financial income | 75 | €30 | €30 | -€0 | 0.0% |
| Financial charges | 65/66B | €24,155 | €23,486 | -€669 | -2.8% |
| Recurring financial charges | 65 | €24,155 | €23,486 | -€669 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €87,471 | €63,589 | -€23,882 | -27.3% |
| Income taxes | 67/77 | €18,655 | €12,908 | -€5,746 | -30.8% |
| Profit (loss) for the period | 9904 | €68,816 | €50,680 | -€18,136 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,816 | €50,680 | -€18,136 | -26.4% |
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 21 October 2026 via checked.be.