DHEERE METAL SERVICES: 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.
DHEERE METAL SERVICES
Largest movements
- Receivables within one year -€48,716
down €48,716 (-26.2%), from €186,172 to €137,455
of which Trade receivables: -€39,839
- Tangible fixed assets -€21,276
down €21,276 (-24.8%), from €85,909 to €64,633
of which Land and buildings: -€16,121
- Cash +€19,178
up €19,178 (+180,924%), from €11 to €19,189
mainly Receivables within one year (+€48,716) and Net result for the year (+€24,302)
- Trade debts -€49,294
down €49,294 (-73.7%), from €66,924 to €17,630
- Reserves +€24,302
up €24,302 (+25.1%), from €96,670 to €120,972
of which Distributable reserves: +€24,302
- Current portion of long-term debt -€18,122
down €18,122 (-99.3%), from €18,246 to €124
- Tax, wage and social debts +€17,699
up €17,699 (+37.1%), from €47,750 to €65,449
of which Taxes: +€21,736
- Other debts -€15,423
down €15,423 (-77.1%), from €20,009 to €4,585
- Gross operating margin -€58,722
down €58,722 (-50.9%), from €115,259 to €56,537
- Staff costs -€12,600
down €12,600, from €8,711 to -€3,888
- Taxes -€10,986
down €10,986 (-50.0%), from €21,963 to €10,977
- Depreciation -€6,966
down €6,966 (-23.6%), from €29,567 to €22,601
- Other operating charges -€3,187
down €3,187 (-54.1%), from €5,892 to €2,704
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 | €284,487 | €231,358 | -€53,130 | -18.7% |
| Fixed assets | 21/28 | €95,027 | €73,438 | -€21,589 | -22.7% |
| Intangible fixed assets | 21 | €1,148 | €835 | -€313 | -27.3% |
| Tangible fixed assets | 22/27 | €85,909 | €64,633 | -€21,276 | -24.8% |
| Land and buildings | 22 | €64,783 | €48,663 | -€16,121 | -24.9% |
| Plant, machinery and equipment | 23 | €9,786 | €7,951 | -€1,835 | -18.7% |
| Furniture and vehicles | 24 | €6,750 | €4,464 | -€2,286 | -33.9% |
| Other tangible fixed assets | 26 | €4,590 | €3,555 | -€1,035 | -22.5% |
| Financial fixed assets | 28 | €7,970 | €7,970 | = | 0.0% |
| Current assets | 29/58 | €189,461 | €157,920 | -€31,541 | -16.6% |
| Amounts receivable within one year | 40/41 | €186,172 | €137,455 | -€48,716 | -26.2% |
| Trade receivables | 40 | €137,962 | €98,123 | -€39,839 | -28.9% |
| Other amounts receivable | 41 | €48,210 | €39,332 | -€8,878 | -18.4% |
| Cash at bank and in hand | 54/58 | €11 | €19,189 | +€19,178 | +180,924% |
| Deferred charges and accrued income | 490/1 | €3,279 | €1,276 | -€2,002 | -61.1% |
| Total equity and liabilities | 10/49 | €284,487 | €231,358 | -€53,130 | -18.7% |
| Equity | 10/15 | €113,269 | €137,571 | +€24,302 | +21.5% |
| Contributions | 10/11 | €11,827 | €11,827 | = | 0.0% |
| Reserves | 13 | €96,670 | €120,972 | +€24,302 | +25.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,670 | €120,972 | +€24,302 | +25.1% |
| Profit (loss) carried forward | 14 | €4,773 | €4,773 | = | 0.0% |
| Amounts payable | 17/49 | €171,218 | €93,787 | -€77,432 | -45.2% |
| Amounts payable after more than one year | 17 | €12,122 | €5,999 | -€6,123 | -50.5% |
| Financial debts | 170/4 | €12,122 | €5,999 | -€6,123 | -50.5% |
| Advances received on contracts in progress | 176 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €159,097 | €87,788 | -€71,309 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €18,246 | €124 | -€18,122 | -99.3% |
| Financial debts | 43 | €6,168 | €0 | -€6,168 | -100% |
| Credit institutions | 430/8 | €6,168 | €0 | -€6,168 | -100% |
| Trade debts | 44 | €66,924 | €17,630 | -€49,294 | -73.7% |
| Suppliers | 440/4 | €66,924 | €17,630 | -€49,294 | -73.7% |
| Taxes, remuneration and social security | 45 | €47,750 | €65,449 | +€17,699 | +37.1% |
| Taxes | 450/3 | €43,713 | €65,449 | +€21,736 | +49.7% |
| Remuneration and social security | 454/9 | €4,037 | €0 | -€4,037 | -100% |
| Other amounts payable | 47/48 | €20,009 | €4,585 | -€15,423 | -77.1% |
| Remuneration, social security and pensions | 62 | €8,711 | -€3,888 | -€12,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,567 | €22,601 | -€6,966 | -23.6% |
| Other operating charges | 640/8 | €5,892 | €2,704 | -€3,187 | -54.1% |
| Gross operating margin | 9900 | €115,259 | €56,537 | -€58,722 | -50.9% |
| Operating profit (loss) | 9901 | €71,089 | €35,120 | -€35,968 | -50.6% |
| Financial income | 75/76B | €3,414 | €3,728 | +€314 | +9.2% |
| Recurring financial income | 75 | €3,414 | €3,728 | +€314 | +9.2% |
| Financial charges | 65/66B | €3,875 | €3,569 | -€306 | -7.9% |
| Recurring financial charges | 65 | €3,875 | €3,569 | -€306 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €70,628 | €35,279 | -€35,349 | -50.0% |
| Income taxes | 67/77 | €21,963 | €10,977 | -€10,986 | -50.0% |
| Profit (loss) for the period | 9904 | €48,665 | €24,302 | -€24,363 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,665 | €24,302 | -€24,363 | -50.1% |
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 28 October 2026 via checked.be.