DELFORGE 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.
DELFORGE AGRI
Largest movements
- Stocks and contracts -€80,223
down €80,223 (-26.1%), from €307,137 to €226,914
- Receivables within one year +€48,437
up €48,437 (+107%), from €45,378 to €93,815
of which Trade receivables: +€35,574
- Tangible fixed assets +€45,110
up €45,110 (+2.9%), from €1.6m to €1.6m
of which Plant, machinery and equipment: +€120,030
- Cash -€37,210
down €37,210 (-81.5%), from €45,649 to €8,438
mainly Investment in fixed assets (net) (-€257,098) and Debts after one year (-€92,149)
- Debts after one year -€92,149
down €92,149 (-8.7%), from €1.1m to €972,863
- Reserves +€28,113
up €28,113 (+11.4%), from €246,010 to €274,123
of which Distributable reserves: +€28,113
- Other debts +€27,890
up €27,890 (+24.5%), from €113,771 to €141,662
- Gross operating margin -€113,065
down €113,065 (-21.4%), from €527,530 to €414,465
- Depreciation -€38,014
down €38,014 (-15.2%), from €250,002 to €211,988
- Staff costs -€28,276
down €28,276 (-19.3%), from €146,805 to €118,529
- Taxes -€13,404
down €13,404 (-65.7%), from €20,390 to €6,986
- Financial charges +€9,159
up €9,159 (+23.6%), from €38,823 to €47,982
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 | €1,983,538 | €1,963,300 | -€20,238 | -1.0% |
| Fixed assets | 21/28 | €1,556,626 | €1,601,736 | +€45,110 | +2.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,551,435 | €1,596,546 | +€45,110 | +2.9% |
| Land and buildings | 22 | €887,423 | €817,863 | -€69,560 | -7.8% |
| Plant, machinery and equipment | 23 | €654,596 | €774,626 | +€120,030 | +18.3% |
| Furniture and vehicles | 24 | €9,416 | €4,057 | -€5,359 | -56.9% |
| Financial fixed assets | 28 | €5,191 | €5,191 | = | 0.0% |
| Current assets | 29/58 | €426,912 | €361,563 | -€65,348 | -15.3% |
| Stocks and contracts in progress | 3 | €307,137 | €226,914 | -€80,223 | -26.1% |
| Stocks | 30/36 | €307,137 | €226,914 | -€80,223 | -26.1% |
| Amounts receivable within one year | 40/41 | €45,378 | €93,815 | +€48,437 | +107% |
| Trade receivables | 40 | €45,378 | €80,951 | +€35,574 | +78.4% |
| Other amounts receivable | 41 | €0 | €12,864 | +€12,864 | |
| Current investments | 50/53 | €4,785 | €5,085 | +€300 | +6.3% |
| Cash at bank and in hand | 54/58 | €45,649 | €8,438 | -€37,210 | -81.5% |
| Deferred charges and accrued income | 490/1 | €23,964 | €27,311 | +€3,347 | +14.0% |
| Total equity and liabilities | 10/49 | €1,983,538 | €1,963,300 | -€20,238 | -1.0% |
| Equity | 10/15 | €422,095 | €442,209 | +€20,113 | +4.8% |
| Contributions | 10/11 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €246,010 | €274,123 | +€28,113 | +11.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €246,010 | €274,123 | +€28,113 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €142,000 | €134,000 | -€8,000 | -5.6% |
| Amounts payable | 17/49 | €1,561,442 | €1,521,091 | -€40,351 | -2.6% |
| Amounts payable after more than one year | 17 | €1,065,012 | €972,863 | -€92,149 | -8.7% |
| Financial debts | 170/4 | €1,065,012 | €972,863 | -€92,149 | -8.7% |
| Amounts payable within one year | 42/48 | €494,472 | €541,404 | +€46,933 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €172,278 | €187,749 | +€15,471 | +9.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €65,039 | €74,088 | +€9,049 | +13.9% |
| Suppliers | 440/4 | €65,039 | €74,088 | +€9,049 | +13.9% |
| Taxes, remuneration and social security | 45 | €43,384 | €37,906 | -€5,478 | -12.6% |
| Taxes | 450/3 | €25,541 | €24,279 | -€1,262 | -4.9% |
| Remuneration and social security | 454/9 | €17,843 | €13,626 | -€4,216 | -23.6% |
| Other amounts payable | 47/48 | €113,771 | €141,662 | +€27,890 | +24.5% |
| Accrued charges and deferred income | 492/3 | €1,958 | €6,823 | +€4,865 | +248% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €146,805 | €118,529 | -€28,276 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,002 | €211,988 | -€38,014 | -15.2% |
| Other operating charges | 640/8 | €3,923 | €9,920 | +€5,997 | +153% |
| Non-recurring operating charges | 66A | €9,103 | - | -€9,103 | |
| Gross operating margin | 9900 | €527,530 | €414,465 | -€113,065 | -21.4% |
| Operating profit (loss) | 9901 | €117,696 | €74,028 | -€43,668 | -37.1% |
| Financial income | 75/76B | €10,220 | €9,053 | -€1,167 | -11.4% |
| Recurring financial income | 75 | €10,220 | €9,053 | -€1,167 | -11.4% |
| Financial charges | 65/66B | €38,823 | €47,982 | +€9,159 | +23.6% |
| Recurring financial charges | 65 | €38,823 | €47,982 | +€9,159 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €89,093 | €35,100 | -€53,993 | -60.6% |
| Income taxes | 67/77 | €20,390 | €6,986 | -€13,404 | -65.7% |
| Profit (loss) for the period | 9904 | €68,703 | €28,113 | -€40,589 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,703 | €28,113 | -€40,589 | -59.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.