DERONNE JMF: 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
DERONNE JMF
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.7m-€113,497
Equity
€6.9m
2024 · €5.5m+€1.4m
Cash
€2.8m
2024 · €2.1m+€740,350
Balance sheet total
€16.5m
2024 · €14.4m+€2.1m
Largest movements
Assets
- Financial fixed assets -€2.5m
down €2.5m (-66.0%), from €3.8m to €1.3m
- Tangible fixed assets +€2.1m
up €2.1m (+113%), from €1.9m to €4.0m
of which Land and buildings: +€1.7m
- Receivables within one year +€1.5m
up €1.5m (+39.4%), from €3.8m to €5.3m
of which Trade receivables: +€1.5m
- Cash +€740,350
up €740,350 (+35.4%), from €2.1m to €2.8m
mainly Net result for the year (+€1.5m) and Debts after one year (+€889,312)
- Stocks and contracts +€265,458
up €265,458 (+10.2%), from €2.6m to €2.9m
Equity and liabilities
- Debts after one year +€889,312
up €889,312 (+28.4%), from €3.1m to €4.0m
- Profit (loss) carried forward +€864,287
up €864,287 (+23.3%), from €3.7m to €4.6m
- Trade debts -€582,696
down €582,696 (-16.5%), from €3.5m to €3.0m
- Reserves +€499,116
up €499,116 (+33.3%), from €1.5m to €2.0m
of which Distributable reserves: +€252,600
- Tax, wage and social debts +€380,620
up €380,620 (+129%), from €295,658 to €676,279
of which Taxes: +€305,319
Income statement
- Gross operating margin +€903,919
up €903,919 (+25.1%), from €3.6m to €4.5m
- Financial charges +€744,780
up €744,780 (+174%), from €429,046 to €1.2m
- Financial income +€449,890
up €449,890 (+68.4%), from €657,943 to €1.1m
- Staff costs +€296,378
up €296,378 (+19.6%), from €1.5m to €1.8m
- Depreciation +€264,418
up €264,418 (+101%), from €260,601 to €525,019
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.
Result 2024
€1.7m
Gross operating margin
+€903,919
Staff costs
-€296,378
Depreciation
-€264,418
Write-downs
-€100,611
Other operating charges
-€44,575
Other operating items
+€1,720
Financial income
+€449,890
Financial charges
-€744,780
Taxes
-€18,664
Deferred taxes and other
+€400
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€64,655
Investment
-€136,683
Financing
+€941,688
Cash 2024
€2.1m
From operations (derived)
-€64,655
Net result for the year
+€1.5m
Depreciation
+€525,019
Receivables after one year
+€33,807
Stocks and contracts
-€265,458
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€34,817
Provisions
+€941
Trade debts
-€582,696
Tax, wage and social debts
+€380,620
Other debts
-€157,608
Accrued charges and deferred income
-€18,338
Investment (derived)
-€136,683
Investment in fixed assets (net)
-€136,683
Financing
+€941,688
Debts after one year
+€889,312
Current portion of long-term debt
+€216,820
Contributions, distributions and other
-€164,444
Cash 2025
€2.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,411,660 | €16,525,493 | +€2.1m | +14.7% |
| Fixed assets | 21/28 | €5,720,593 | €5,332,257 | -€388,336 | -6.8% |
| Tangible fixed assets | 22/27 | €1,887,616 | €4,029,990 | +€2.1m | +113% |
| Land and buildings | 22 | €1,165,520 | €2,889,256 | +€1.7m | +148% |
| Plant, machinery and equipment | 23 | €228,210 | €429,696 | +€201,486 | +88.3% |
| Furniture and vehicles | 24 | €333,469 | €599,741 | +€266,271 | +79.8% |
| Leasing and similar rights | 25 | €140,044 | €90,923 | -€49,121 | -35.1% |
| Other tangible fixed assets | 26 | €20,374 | €20,374 | = | 0.0% |
| Financial fixed assets | 28 | €3,832,977 | €1,302,267 | -€2.5m | -66.0% |
| Current assets | 29/58 | €8,691,066 | €11,193,236 | +€2.5m | +28.8% |
| Amounts receivable after more than one year | 29 | €146,949 | €113,142 | -€33,807 | -23.0% |
| Other amounts receivable | 291 | €146,949 | €113,142 | -€33,807 | -23.0% |
| Stocks and contracts in progress | 3 | €2,604,980 | €2,870,437 | +€265,458 | +10.2% |
| Stocks | 30/36 | €2,604,980 | €2,870,437 | +€265,458 | +10.2% |
| Amounts receivable within one year | 40/41 | €3,792,282 | €5,287,634 | +€1.5m | +39.4% |
| Trade receivables | 40 | €3,488,465 | €4,979,983 | +€1.5m | +42.8% |
| Other amounts receivable | 41 | €303,817 | €307,651 | +€3,834 | +1.3% |
| Cash at bank and in hand | 54/58 | €2,089,953 | €2,830,303 | +€740,350 | +35.4% |
| Deferred charges and accrued income | 490/1 | €56,903 | €91,720 | +€34,817 | +61.2% |
| Total equity and liabilities | 10/49 | €14,411,660 | €16,525,493 | +€2.1m | +14.7% |
| Equity | 10/15 | €5,479,704 | €6,864,487 | +€1.4m | +25.3% |
| Contributions | 10/11 | €185,000 | €185,000 | = | 0.0% |
| Capital | 10 | €185,000 | €185,000 | = | 0.0% |
| Issued capital | 100 | €185,000 | €185,000 | = | 0.0% |
| Reserves | 13 | €1,500,971 | €2,000,087 | +€499,116 | +33.3% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Legal reserve | 130 | €18,500 | €18,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,482,471 | €1,728,987 | +€246,516 | +16.6% |
| Distributable reserves | 133 | - | €252,600 | +€252,600 | |
| Profit (loss) carried forward | 14 | €3,715,590 | €4,579,878 | +€864,287 | +23.3% |
| Investment grants | 15 | €78,143 | €99,522 | +€21,379 | +27.4% |
| Provisions and deferred taxes | 16 | €329 | €1,270 | +€941 | +286% |
| Deferred taxes | 168 | €329 | €1,270 | +€941 | +286% |
| Amounts payable | 17/49 | €8,931,626 | €9,659,737 | +€728,110 | +8.2% |
| Amounts payable after more than one year | 17 | €3,135,551 | €4,024,863 | +€889,312 | +28.4% |
| Financial debts | 170/4 | €3,135,551 | €4,024,863 | +€889,312 | +28.4% |
| Amounts payable within one year | 42/48 | €5,777,738 | €5,634,874 | -€142,864 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €600,091 | €816,912 | +€216,820 | +36.1% |
| Trade debts | 44 | €3,537,239 | €2,954,542 | -€582,696 | -16.5% |
| Suppliers | 440/4 | €3,537,239 | €2,954,542 | -€582,696 | -16.5% |
| Taxes, remuneration and social security | 45 | €295,658 | €676,279 | +€380,620 | +129% |
| Taxes | 450/3 | €134,052 | €439,371 | +€305,319 | +228% |
| Remuneration and social security | 454/9 | €161,607 | €236,908 | +€75,301 | +46.6% |
| Other amounts payable | 47/48 | €1,344,750 | €1,187,141 | -€157,608 | -11.7% |
| Accrued charges and deferred income | 492/3 | €18,338 | - | -€18,338 | |
| Non-recurring operating income | 76A | - | €53 | +€53 | |
| Remuneration, social security and pensions | 62 | €1,513,889 | €1,810,268 | +€296,378 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,601 | €525,019 | +€264,418 | +101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€117,378 | -€16,768 | +€100,611 | +85.7% |
| Other operating charges | 640/8 | €96,074 | €140,649 | +€44,575 | +46.4% |
| Non-recurring operating charges | 66A | €1,783 | €63 | -€1,720 | -96.5% |
| Gross operating margin | 9900 | €3,604,822 | €4,508,741 | +€903,919 | +25.1% |
| Operating profit (loss) | 9901 | €1,849,852 | €2,049,509 | +€199,657 | +10.8% |
| Financial income | 75/76B | €657,943 | €1,107,833 | +€449,890 | +68.4% |
| Recurring financial income | 75 | €657,943 | €1,107,833 | +€449,890 | +68.4% |
| Financial charges | 65/66B | €429,046 | €1,173,825 | +€744,780 | +174% |
| Recurring financial charges | 65 | €429,046 | €1,173,825 | +€744,780 | +174% |
| Profit (loss) for the period before taxes | 9903 | €2,078,750 | €1,983,517 | -€95,233 | -4.6% |
| Transfer from deferred taxes | 780 | €241 | €641 | +€400 | +166% |
| Income taxes | 67/77 | €416,267 | €434,931 | +€18,664 | +4.5% |
| Profit (loss) for the period | 9904 | €1,662,724 | €1,549,227 | -€113,497 | -6.8% |
| Transfer from tax-exempt reserves | 789 | €503 | €254,303 | +€253,800 | +50,415% |
| Transfer to tax-exempt reserves | 689 | €657,500 | €315,750 | -€341,750 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,005,728 | €1,487,780 | +€482,053 | +47.9% |
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 24 October 2026 via checked.be.