Adgro: 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.
Adgro
Largest movements
- Cash +€21,943
up €21,943 (+12.4%), from €176,908 to €198,851
mainly Other debts (+€91,523) and Net result for the year (+€89,361)
- Tangible fixed assets -€8,245
down €8,245 (-40.4%), from €20,404 to €12,159
- Receivables within one year -€6,531
down €6,531 (-21.5%), from €30,338 to €23,807
of which Trade receivables: -€8,164
- Other debts +€91,523
up €91,523 (+158,097%), from €58 to €91,580
- Reserves -€81,302
down €81,302 (-39.2%), from €207,269 to €125,967
- Accrued charges and deferred income -€2,420
down €2,420 (-31.7%), from €7,644 to €5,224
- Gross operating margin +€11,014
up €11,014 (+9.9%), from €110,838 to €121,851
- Taxes +€2,634
up €2,634 (+12.7%), from €20,733 to €23,367
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 | €227,829 | €235,172 | +€7,343 | +3.2% |
| Fixed assets | 21/28 | €20,404 | €12,159 | -€8,245 | -40.4% |
| Tangible fixed assets | 22/27 | €20,404 | €12,159 | -€8,245 | -40.4% |
| Furniture and vehicles | 24 | €20,404 | €12,159 | -€8,245 | -40.4% |
| Current assets | 29/58 | €207,425 | €223,013 | +€15,588 | +7.5% |
| Amounts receivable within one year | 40/41 | €30,338 | €23,807 | -€6,531 | -21.5% |
| Trade receivables | 40 | €26,071 | €17,907 | -€8,164 | -31.3% |
| Other amounts receivable | 41 | €4,267 | €5,900 | +€1,633 | +38.3% |
| Cash at bank and in hand | 54/58 | €176,908 | €198,851 | +€21,943 | +12.4% |
| Deferred charges and accrued income | 490/1 | €179 | €355 | +€176 | +98.0% |
| Total equity and liabilities | 10/49 | €227,829 | €235,172 | +€7,343 | +3.2% |
| Equity | 10/15 | €209,269 | €127,967 | -€81,302 | -38.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €207,269 | €125,967 | -€81,302 | -39.2% |
| Distributable reserves | 133 | €207,269 | €125,967 | -€81,302 | -39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,560 | €107,205 | +€88,645 | +478% |
| Amounts payable within one year | 42/48 | €10,916 | €101,981 | +€91,065 | +834% |
| Trade debts | 44 | €0 | €212 | +€212 | |
| Suppliers | 440/4 | €0 | €212 | +€212 | |
| Taxes, remuneration and social security | 45 | €10,858 | €10,188 | -€670 | -6.2% |
| Taxes | 450/3 | €10,858 | €10,188 | -€670 | -6.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58 | €91,580 | +€91,523 | +158,097% |
| Accrued charges and deferred income | 492/3 | €7,644 | €5,224 | -€2,420 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,245 | €8,245 | = | 0.0% |
| Other operating charges | 640/8 | €432 | €773 | +€341 | +79.0% |
| Gross operating margin | 9900 | €110,838 | €121,851 | +€11,014 | +9.9% |
| Operating profit (loss) | 9901 | €102,160 | €112,833 | +€10,673 | +10.4% |
| Financial charges | 65/66B | €125 | €105 | -€20 | -16.3% |
| Recurring financial charges | 65 | €125 | €105 | -€20 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €102,035 | €112,728 | +€10,693 | +10.5% |
| Income taxes | 67/77 | €20,733 | €23,367 | +€2,634 | +12.7% |
| Profit (loss) for the period | 9904 | €81,302 | €89,361 | +€8,059 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,302 | €89,361 | +€8,059 | +9.9% |
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 19 October 2026 via checked.be.