Group DF: what changed
Two fiscal 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
Group DF
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€160,788
2024 · €222,452-€61,664
Equity
€2.4m
2024 · €2.2m+€160,788
Cash
€107,579
2024 · €216,112-€108,532
Balance sheet total
€8.5m
2024 · €8.6m-€35,641
Largest movements
Assets
- Stocks and contracts +€201,788
up €201,788 (+9.3%), from €2.2m to €2.4m
- Cash -€108,532
down €108,532 (-50.2%), from €216,112 to €107,579
mainly Investment in fixed assets (net) (-€345,436) and Debts after one year (-€327,865)
Equity and liabilities
- Debts after one year -€327,865
down €327,865 (-6.8%), from €4.8m to €4.5m
- Reserves +€160,788
up €160,788 (+7.4%), from €2.2m to €2.3m
of which Distributable reserves: +€294,790
- Trade debts +€140,709
up €140,709 (+31.4%), from €448,018 to €588,728
- Current portion of long-term debt +€94,361
up €94,361 (+24.2%), from €390,272 to €484,633
Income statement
- Gross operating margin -€112,005
down €112,005 (-5.0%), from €2.3m to €2.1m
- Staff costs +€43,863
up €43,863 (+3.9%), from €1.1m to €1.2m
- Taxes -€38,061
down €38,061 (-29.7%), from €127,962 to €89,901
- Financial charges -€31,577
down €31,577 (-12.8%), from €246,804 to €215,227
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
€222,452
Gross operating margin
-€112,005
Staff costs
-€43,863
Depreciation
+€12,235
Write-downs
+€312
Other operating charges
+€4,337
Financial income
+€7,681
Financial charges
+€31,577
Taxes
+€38,061
Result 2025
€160,788
Cash bridge derived
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
+€545,408
Investment
-€345,436
Financing
-€308,504
Cash 2024
€216,112
From operations (derived)
+€545,408
Net result for the year
+€160,788
Depreciation
+€469,716
Stocks and contracts
-€201,788
Receivables within one year
-€25,452
Deferred charges and accrued income
+€30,068
Trade debts
+€140,709
Tax, wage and social debts
-€23,770
Advances received
+€5,461
Other debts
-€6,994
Accrued charges and deferred income
-€3,332
Investment (derived)
-€345,436
Investment in fixed assets (net)
-€345,436
Financing
-€308,504
Debts after one year
-€327,865
Current portion of long-term debt
+€94,361
Short-term financial debts
-€75,000
Cash 2025
€107,579
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,555,604 | €8,519,963 | -€35,641 | -0.4% |
| Formation expenses | 20 | €10,000 | €0 | -€10,000 | -100.0% |
| Fixed assets | 21/28 | €5,653,963 | €5,539,683 | -€114,280 | -2.0% |
| Intangible fixed assets | 21 | €131,748 | €92,542 | -€39,205 | -29.8% |
| Tangible fixed assets | 22/27 | €5,520,547 | €5,445,472 | -€75,075 | -1.4% |
| Land and buildings | 22 | €2,243,135 | €2,463,840 | +€220,705 | +9.8% |
| Plant, machinery and equipment | 23 | €172,545 | €151,724 | -€20,821 | -12.1% |
| Furniture and vehicles | 24 | €210,985 | €125,488 | -€85,497 | -40.5% |
| Leasing and similar rights | 25 | €2,823,277 | €2,633,815 | -€189,462 | -6.7% |
| Other tangible fixed assets | 26 | €70,604 | €70,604 | = | 0.0% |
| Financial fixed assets | 28 | €1,669 | €1,669 | = | 0.0% |
| Current assets | 29/58 | €2,891,641 | €2,980,280 | +€88,639 | +3.1% |
| Stocks and contracts in progress | 3 | €2,170,212 | €2,372,000 | +€201,788 | +9.3% |
| Stocks | 30/36 | €2,170,212 | €2,372,000 | +€201,788 | +9.3% |
| Amounts receivable within one year | 40/41 | €386,943 | €412,395 | +€25,452 | +6.6% |
| Trade receivables | 40 | €349,665 | €302,951 | -€46,714 | -13.4% |
| Other amounts receivable | 41 | €37,278 | €109,444 | +€72,166 | +193.6% |
| Cash at bank and in hand | 54/58 | €216,112 | €107,579 | -€108,532 | -50.2% |
| Deferred charges and accrued income | 490/1 | €118,374 | €88,305 | -€30,068 | -25.4% |
| Total equity and liabilities | 10/49 | €8,555,604 | €8,519,963 | -€35,641 | -0.4% |
| Equity | 10/15 | €2,206,280 | €2,367,068 | +€160,788 | +7.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,187,280 | €2,348,068 | +€160,788 | +7.4% |
| Tax-exempt reserves | 132 | €437,827 | €303,826 | -€134,001 | -30.6% |
| Distributable reserves | 133 | €1,749,452 | €2,044,242 | +€294,790 | +16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,349,324 | €6,152,895 | -€196,429 | -3.1% |
| Amounts payable after more than one year | 17 | €4,831,105 | €4,503,240 | -€327,865 | -6.8% |
| Financial debts | 170/4 | €4,831,105 | €4,503,240 | -€327,865 | -6.8% |
| Amounts payable within one year | 42/48 | €1,514,158 | €1,648,926 | +€134,768 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €390,272 | €484,633 | +€94,361 | +24.2% |
| Financial debts | 43 | €375,000 | €300,000 | -€75,000 | -20.0% |
| Credit institutions | 430/8 | €375,000 | €300,000 | -€75,000 | -20.0% |
| Trade debts | 44 | €448,018 | €588,728 | +€140,709 | +31.4% |
| Suppliers | 440/4 | €448,018 | €588,728 | +€140,709 | +31.4% |
| Advances received on contracts in progress | 46 | €10,130 | €15,591 | +€5,461 | +53.9% |
| Taxes, remuneration and social security | 45 | €283,744 | €259,974 | -€23,770 | -8.4% |
| Taxes | 450/3 | €85,056 | €54,595 | -€30,461 | -35.8% |
| Remuneration and social security | 454/9 | €198,688 | €205,379 | +€6,691 | +3.4% |
| Other amounts payable | 47/48 | €6,994 | €0 | -€6,994 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,061 | €729 | -€3,332 | -82.1% |
| Non-recurring operating income | 76A | €83 | €0 | -€83 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,122,925 | €1,166,788 | +€43,863 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481,951 | €469,716 | -€12,235 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €312 | €0 | -€312 | -100.0% |
| Other operating charges | 640/8 | €57,571 | €53,234 | -€4,337 | -7.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,254,279 | €2,142,274 | -€112,005 | -5.0% |
| Operating profit (loss) | 9901 | €591,519 | €452,535 | -€138,983 | -23.5% |
| Financial income | 75/76B | €5,700 | €13,381 | +€7,681 | +134.8% |
| Recurring financial income | 75 | €5,700 | €13,381 | +€7,681 | +134.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €246,804 | €215,227 | -€31,577 | -12.8% |
| Recurring financial charges | 65 | €246,804 | €215,227 | -€31,577 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €350,414 | €250,689 | -€99,725 | -28.5% |
| Income taxes | 67/77 | €127,962 | €89,901 | -€38,061 | -29.7% |
| Profit (loss) for the period | 9904 | €222,452 | €160,788 | -€61,664 | -27.7% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €134,001 | +€7,701 | +6.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €348,752 | €294,790 | -€53,963 | -15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.