DESAGRO: 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.
DESAGRO
Largest movements
- Receivables within one year +€50,518
up €50,518 (+88.0%), from €57,387 to €107,904
of which Trade receivables: +€43,880
- Cash +€32,574
up €32,574 (+16.0%), from €203,624 to €236,198
mainly Depreciation (+€47,215) and Net result for the year (+€42,855)
- Tangible fixed assets -€29,664
down €29,664 (-15.8%), from €187,510 to €157,845
of which Furniture and vehicles: -€22,647
- Stocks and contracts -€6,205
down €6,205 (-14.2%), from €43,710 to €37,505
of which Stocks: -€3,705
- Reserves +€42,855
up €42,855 (+13.9%), from €309,286 to €352,141
- Debts after one year -€20,419
down €20,419 (-30.5%), from €66,960 to €46,541
- Trade debts +€13,976
up €13,976 (+150%), from €9,307 to €23,283
- Other debts +€9,609
up €9,609 (+12.0%), from €80,393 to €90,002
- Gross operating margin +€40,465
up €40,465 (+21.3%), from €190,262 to €230,728
- Staff costs +€18,058
up €18,058 (+19.8%), from €91,240 to €109,298
- Depreciation +€15,515
up €15,515 (+48.9%), from €31,699 to €47,215
- Taxes +€3,088
up €3,088 (+19.6%), from €15,773 to €18,861
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 | €498,179 | €540,943 | +€42,765 | +8.6% |
| Fixed assets | 21/28 | €187,510 | €157,845 | -€29,664 | -15.8% |
| Tangible fixed assets | 22/27 | €187,510 | €157,845 | -€29,664 | -15.8% |
| Land and buildings | 22 | €97,938 | €92,481 | -€5,456 | -5.6% |
| Plant, machinery and equipment | 23 | - | €14,510 | +€14,510 | |
| Furniture and vehicles | 24 | €43,869 | €21,222 | -€22,647 | -51.6% |
| Leasing and similar rights | 25 | €45,703 | €29,632 | -€16,071 | -35.2% |
| Current assets | 29/58 | €310,669 | €383,098 | +€72,429 | +23.3% |
| Stocks and contracts in progress | 3 | €43,710 | €37,505 | -€6,205 | -14.2% |
| Stocks | 30/36 | €21,210 | €17,505 | -€3,705 | -17.5% |
| Contracts in progress | 37 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Amounts receivable within one year | 40/41 | €57,387 | €107,904 | +€50,518 | +88.0% |
| Trade receivables | 40 | €47,884 | €91,765 | +€43,880 | +91.6% |
| Other amounts receivable | 41 | €9,502 | €16,139 | +€6,637 | +69.8% |
| Cash at bank and in hand | 54/58 | €203,624 | €236,198 | +€32,574 | +16.0% |
| Deferred charges and accrued income | 490/1 | €5,948 | €1,491 | -€4,457 | -74.9% |
| Total equity and liabilities | 10/49 | €498,179 | €540,943 | +€42,765 | +8.6% |
| Equity | 10/15 | €309,857 | €352,713 | +€42,855 | +13.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €309,286 | €352,141 | +€42,855 | +13.9% |
| Distributable reserves | 133 | €309,286 | €352,141 | +€42,855 | +13.9% |
| Profit (loss) carried forward | 14 | €471 | €471 | = | 0.0% |
| Amounts payable | 17/49 | €188,321 | €188,231 | -€91 | 0.0% |
| Amounts payable after more than one year | 17 | €66,960 | €46,541 | -€20,419 | -30.5% |
| Financial debts | 170/4 | €66,960 | €46,541 | -€20,419 | -30.5% |
| Amounts payable within one year | 42/48 | €121,136 | €141,465 | +€20,328 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €20,077 | €20,419 | +€341 | +1.7% |
| Trade debts | 44 | €9,307 | €23,283 | +€13,976 | +150% |
| Suppliers | 440/4 | €9,307 | €23,283 | +€13,976 | +150% |
| Taxes, remuneration and social security | 45 | €11,359 | €7,761 | -€3,598 | -31.7% |
| Taxes | 450/3 | €4,374 | €4,811 | +€437 | +10.0% |
| Remuneration and social security | 454/9 | €6,985 | €2,950 | -€4,035 | -57.8% |
| Other amounts payable | 47/48 | €80,393 | €90,002 | +€9,609 | +12.0% |
| Accrued charges and deferred income | 492/3 | €225 | €225 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €91,240 | €109,298 | +€18,058 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,699 | €47,215 | +€15,515 | +48.9% |
| Other operating charges | 640/8 | €7,121 | €7,299 | +€179 | +2.5% |
| Gross operating margin | 9900 | €190,262 | €230,728 | +€40,465 | +21.3% |
| Operating profit (loss) | 9901 | €60,202 | €66,916 | +€6,714 | +11.2% |
| Financial income | 75/76B | €803 | €2,033 | +€1,230 | +153% |
| Recurring financial income | 75 | €803 | €2,033 | +€1,230 | +153% |
| Financial charges | 65/66B | €7,620 | €7,233 | -€387 | -5.1% |
| Recurring financial charges | 65 | €7,620 | €7,233 | -€387 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €53,385 | €61,716 | +€8,331 | +15.6% |
| Income taxes | 67/77 | €15,773 | €18,861 | +€3,088 | +19.6% |
| Profit (loss) for the period | 9904 | €37,612 | €42,855 | +€5,243 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,612 | €42,855 | +€5,243 | +13.9% |
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 14 October 2026 via checked.be.