FRANS DEGROOTE: 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
FRANS DEGROOTE
NACE 01.410, Raising of dairy cattle
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€81,940
2024 · €69,786+€12,154
Equity
-€250,350
2024 · -€332,290+€81,940
Cash
€23,103
2024 · €33,278-€10,175
Balance sheet total
€2.3m
2024 · €2.3m+€6,929
Largest movements
Assets
- Stocks and contracts +€245,938
up €245,938 (+20.0%), from €1.2m to €1.5m
- Receivables within one year -€196,727
down €196,727 (-30.0%), from €656,696 to €459,969
of which Trade receivables: -€209,511
- Tangible fixed assets -€32,892
down €32,892 (-10.2%), from €322,469 to €289,576
of which Plant, machinery and equipment: -€33,174
Equity and liabilities
- Profit (loss) carried forward +€81,940
up €81,940 (+6.2%), from -€1.3m to -€1.2m
- Debts after one year -€75,850
down €75,850 (-30.2%), from €251,500 to €175,650
- Trade debts +€45,647
up €45,647 (+11.8%), from €386,335 to €431,981
- Other debts -€32,417
down €32,417 (-2.8%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€123,162
up €123,162 (+63.7%), from €193,476 to €316,638
- Write-downs +€101,517
new in 2025: €101,517
- Financial charges +€17,018
up €17,018 (+43.5%), from €39,153 to €56,172
- Depreciation -€7,572
down €7,572 (-9.7%), from €77,964 to €70,392
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
€69,786
Gross operating margin
+€123,162
Depreciation
+€7,572
Write-downs
-€101,517
Other operating charges
-€83
Financial income
-€71
Financial charges
-€17,018
Taxes
+€109
Result 2025
€81,940
raises the resultlowers the result
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
+€111,925
Investment
-€37,500
Financing
-€84,600
Cash 2024
€33,278
From operations (derived)
+€111,925
Net result for the year
+€81,940
Depreciation
+€70,392
Stocks and contracts
-€245,938
Receivables within one year
+€196,727
Deferred charges and accrued income
-€785
Trade debts
+€45,647
Tax, wage and social debts
+€219
Advances received
-€21,465
Other debts
-€32,417
Accrued charges and deferred income
+€17,605
Investment (derived)
-€37,500
Investment in fixed assets (net)
-€37,500
Financing
-€84,600
Debts after one year
-€75,850
Current portion of long-term debt
-€8,750
Cash 2025
€23,103
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,250,054 | €2,256,983 | +€6,929 | +0.3% |
| Fixed assets | 21/28 | €324,854 | €291,961 | -€32,892 | -10.1% |
| Tangible fixed assets | 22/27 | €322,469 | €289,576 | -€32,892 | -10.2% |
| Land and buildings | 22 | €165,537 | €148,526 | -€17,010 | -10.3% |
| Plant, machinery and equipment | 23 | €90,769 | €57,595 | -€33,174 | -36.5% |
| Furniture and vehicles | 24 | €66,163 | €83,455 | +€17,292 | +26.1% |
| Financial fixed assets | 28 | €2,385 | €2,385 | = | 0.0% |
| Current assets | 29/58 | €1,925,200 | €1,965,022 | +€39,821 | +2.1% |
| Stocks and contracts in progress | 3 | €1,232,200 | €1,478,138 | +€245,938 | +20.0% |
| Stocks | 30/36 | €1,232,200 | €1,478,138 | +€245,938 | +20.0% |
| Amounts receivable within one year | 40/41 | €656,696 | €459,969 | -€196,727 | -30.0% |
| Trade receivables | 40 | €649,422 | €439,911 | -€209,511 | -32.3% |
| Other amounts receivable | 41 | €7,274 | €20,058 | +€12,784 | +176% |
| Cash at bank and in hand | 54/58 | €33,278 | €23,103 | -€10,175 | -30.6% |
| Deferred charges and accrued income | 490/1 | €3,027 | €3,812 | +€785 | +25.9% |
| Total equity and liabilities | 10/49 | €2,250,054 | €2,256,983 | +€6,929 | +0.3% |
| Equity | 10/15 | -€332,290 | -€250,350 | +€81,940 | +24.7% |
| Contributions | 10/11 | €960,288 | €960,288 | = | 0.0% |
| Reserves | 13 | €32,792 | €32,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,029 | €31,029 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,029 | €31,029 | = | 0.0% |
| Distributable reserves | 133 | €1,764 | €1,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,325,370 | -€1,243,430 | +€81,940 | +6.2% |
| Amounts payable | 17/49 | €2,582,343 | €2,507,332 | -€75,011 | -2.9% |
| Amounts payable after more than one year | 17 | €251,500 | €175,650 | -€75,850 | -30.2% |
| Financial debts | 170/4 | €251,500 | €175,650 | -€75,850 | -30.2% |
| Amounts payable within one year | 42/48 | €2,330,843 | €2,314,077 | -€16,766 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €84,600 | €75,850 | -€8,750 | -10.3% |
| Financial debts | 43 | €639,723 | €639,723 | = | 0.0% |
| Credit institutions | 430/8 | €639,723 | €639,723 | = | 0.0% |
| Trade debts | 44 | €386,335 | €431,981 | +€45,647 | +11.8% |
| Suppliers | 440/4 | €386,335 | €431,981 | +€45,647 | +11.8% |
| Advances received on contracts in progress | 46 | €65,966 | €44,501 | -€21,465 | -32.5% |
| Taxes, remuneration and social security | 45 | €2,387 | €2,606 | +€219 | +9.2% |
| Taxes | 450/3 | €2,362 | €2,606 | +€244 | +10.3% |
| Remuneration and social security | 454/9 | €24 | €0 | -€24 | -100% |
| Other amounts payable | 47/48 | €1,151,833 | €1,119,416 | -€32,417 | -2.8% |
| Accrued charges and deferred income | 492/3 | €0 | €17,605 | +€17,605 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,964 | €70,392 | -€7,572 | -9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €101,517 | +€101,517 | |
| Other operating charges | 640/8 | €5,354 | €5,437 | +€83 | +1.6% |
| Gross operating margin | 9900 | €193,476 | €316,638 | +€123,162 | +63.7% |
| Operating profit (loss) | 9901 | €110,158 | €139,292 | +€29,134 | +26.4% |
| Financial income | 75/76B | €111 | €40 | -€71 | -64.0% |
| Recurring financial income | 75 | €111 | €40 | -€71 | -64.0% |
| Financial charges | 65/66B | €39,153 | €56,172 | +€17,018 | +43.5% |
| Recurring financial charges | 65 | €39,153 | €56,172 | +€17,018 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €71,115 | €83,160 | +€12,044 | +16.9% |
| Income taxes | 67/77 | €1,329 | €1,220 | -€109 | -8.2% |
| Profit (loss) for the period | 9904 | €69,786 | €81,940 | +€12,154 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,786 | €81,940 | +€12,154 | +17.4% |
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 21 October 2026 via checked.be.