2H AGRI: 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.
2H AGRI
Largest movements
- Receivables within one year +€350,849
up €350,849 (+52.5%), from €667,883 to €1.0m
of which Trade receivables: +€222,835
- Tangible fixed assets -€75,763
down €75,763 (-16.5%), from €458,098 to €382,335
of which Furniture and vehicles: -€39,247
- Cash -€64,346
down €64,346 (-90.4%), from €71,183 to €6,837
mainly Receivables within one year (-€350,849) and Accrued charges and deferred income (-€27,002)
- Other debts +€106,810
up €106,810 (+19.9%), from €537,805 to €644,615
- Trade debts +€71,371
up €71,371 (+38.7%), from €184,376 to €255,747
- Profit (loss) carried forward +€65,732
up €65,732 (+313%), from €21,005 to €86,737
- Accrued charges and deferred income -€27,002
down €27,002 (-99.9%), from €27,042 to €40
- Debts after one year -€15,050
down €15,050 (-5.5%), from €272,500 to €257,450
of which Financial debts: -€15,050
- Gross operating margin +€26,044
up €26,044 (+14.8%), from €175,632 to €201,675
- Depreciation -€22,746
down €22,746 (-25.2%), from €90,209 to €67,463
- Taxes +€2,781
new in 2025: €2,781
- Financial income -€2,045
down €2,045 (-96.5%), from €2,119 to €74
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 | €1,236,118 | €1,454,374 | +€218,256 | +17.7% |
| Fixed assets | 21/28 | €458,148 | €382,385 | -€75,763 | -16.5% |
| Tangible fixed assets | 22/27 | €458,098 | €382,335 | -€75,763 | -16.5% |
| Plant, machinery and equipment | 23 | €192,196 | €155,681 | -€36,516 | -19.0% |
| Furniture and vehicles | 24 | €265,901 | €226,654 | -€39,247 | -14.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €777,971 | €1,071,990 | +€294,019 | +37.8% |
| Stocks and contracts in progress | 3 | €35,505 | €42,945 | +€7,440 | +21.0% |
| Stocks | 30/36 | €35,505 | €42,945 | +€7,440 | +21.0% |
| Amounts receivable within one year | 40/41 | €667,883 | €1,018,732 | +€350,849 | +52.5% |
| Trade receivables | 40 | €667,883 | €890,718 | +€222,835 | +33.4% |
| Other amounts receivable | 41 | - | €128,014 | +€128,014 | |
| Cash at bank and in hand | 54/58 | €71,183 | €6,837 | -€64,346 | -90.4% |
| Deferred charges and accrued income | 490/1 | €3,400 | €3,476 | +€76 | +2.2% |
| Total equity and liabilities | 10/49 | €1,236,118 | €1,454,374 | +€218,256 | +17.7% |
| Equity | 10/15 | €150,505 | €216,237 | +€65,732 | +43.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,005 | €86,737 | +€65,732 | +313% |
| Amounts payable | 17/49 | €1,085,614 | €1,238,137 | +€152,524 | +14.0% |
| Amounts payable after more than one year | 17 | €272,500 | €257,450 | -€15,050 | -5.5% |
| Financial debts | 170/4 | €122,500 | €107,450 | -€15,050 | -12.3% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €786,072 | €980,648 | +€194,576 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €37,560 | €41,300 | +€3,740 | +10.0% |
| Trade debts | 44 | €184,376 | €255,747 | +€71,371 | +38.7% |
| Suppliers | 440/4 | €184,376 | €255,747 | +€71,371 | +38.7% |
| Taxes, remuneration and social security | 45 | €26,331 | €38,986 | +€12,655 | +48.1% |
| Taxes | 450/3 | €21,726 | €33,157 | +€11,431 | +52.6% |
| Remuneration and social security | 454/9 | €4,605 | €5,829 | +€1,224 | +26.6% |
| Other amounts payable | 47/48 | €537,805 | €644,615 | +€106,810 | +19.9% |
| Accrued charges and deferred income | 492/3 | €27,042 | €40 | -€27,002 | -99.9% |
| Remuneration, social security and pensions | 62 | €61,383 | €62,532 | +€1,149 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,209 | €67,463 | -€22,746 | -25.2% |
| Other operating charges | 640/8 | €1,159 | €1,333 | +€174 | +15.0% |
| Gross operating margin | 9900 | €175,632 | €201,675 | +€26,044 | +14.8% |
| Operating profit (loss) | 9901 | €22,881 | €70,348 | +€47,467 | +207% |
| Financial income | 75/76B | €2,119 | €74 | -€2,045 | -96.5% |
| Recurring financial income | 75 | €2,119 | €74 | -€2,045 | -96.5% |
| Financial charges | 65/66B | €1,422 | €1,908 | +€487 | +34.2% |
| Recurring financial charges | 65 | €1,422 | €1,908 | +€487 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €23,578 | €68,514 | +€44,935 | +191% |
| Income taxes | 67/77 | - | €2,781 | +€2,781 | |
| Profit (loss) for the period | 9904 | €23,578 | €65,732 | +€42,154 | +179% |
| Profit (loss) for the period to be appropriated | 9905 | €23,578 | €65,732 | +€42,154 | +179% |
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 25 October 2026 via checked.be.