AGRAL: 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
AGRAL
NACE 46.331, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.0m
2024 · €209,678-€3.2m
Equity
€2.0m
2024 · €5.1m-€3.1m
Cash
€136,825
2024 · €2.2m-€2.1m
Balance sheet total
€22.2m
2024 · €27.1m-€4.9m
Largest movements
Assets
- Cash -€2.1m
down €2.1m (-93.8%), from €2.2m to €136,825
mainly Net result for the year (-€3.0m) and Short-term financial debts (-€1.4m)
- Stocks and contracts -€1.6m
down €1.6m (-17.2%), from €9.1m to €7.5m
- Tangible fixed assets -€718,276
down €718,276 (-19.0%), from €3.8m to €3.1m
of which Plant, machinery and equipment: -€584,014
- Receivables within one year -€535,236
down €535,236 (-4.5%), from €12.0m to €11.5m
of which Other amounts receivable: -€1.4m
Equity and liabilities
- Profit (loss) carried forward -€3.0m
down €3.0m, from €325,780 to -€2.7m
- Short-term financial debts -€1.4m
down €1.4m (-34.5%), from €4.0m to €2.6m
- Trade debts -€731,631
down €731,631 (-6.4%), from €11.4m to €10.6m
- Debts after one year +€572,966
up €572,966 (+11.5%), from €5.0m to €5.6m
- Tax, wage and social debts -€359,009
down €359,009 (-55.3%), from €649,169 to €290,160
of which Taxes: -€223,536
Income statement
- Goods and materials +€7.4m
up €7.4m (+11.2%), from €66.1m to €73.5m
of which Purchases: +€3.8m
- Turnover +€3.2m
up €3.2m (+4.2%), from €76.9m to €80.1m
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
€209,678
Turnover
+€3.2m
Other operating income
+€166,723
Goods and materials
-€7.4m
Services and other goods
+€424,676
Staff costs
+€228,145
Depreciation
+€66,784
Other operating charges
-€89,679
Other operating items
+€144,206
Financial income
-€2,614
Financial charges
+€23,753
Taxes
+€1,405
Result 2025
-€3.0m
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
-€1.3m
Investment
-€8,235
Financing
-€801,537
Cash 2024
€2.2m
From operations (derived)
-€1.3m
Net result for the year
-€3.0m
Depreciation
+€728,321
Stocks and contracts
+€1.6m
Receivables within one year
+€535,236
Deferred charges and accrued income
+€33,591
Provisions
-€6,138
Trade debts
-€731,631
Tax, wage and social debts
-€359,009
Advances received
-€36,407
Accrued charges and deferred income
+€20,619
Investment (derived)
-€8,235
Investment in fixed assets (net)
-€8,235
Financing
-€801,537
Debts after one year
+€572,966
Current portion of long-term debt
+€68,065
Short-term financial debts
-€1.4m
Contributions, distributions and other
-€47,163
Cash 2025
€136,825
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,107,376 | €22,178,976 | -€4.9m | -18.2% |
| Fixed assets | 21/28 | €3,786,974 | €3,066,888 | -€720,086 | -19.0% |
| Intangible fixed assets | 21 | €3,580 | €1,770 | -€1,810 | -50.6% |
| Tangible fixed assets | 22/27 | €3,783,394 | €3,065,118 | -€718,276 | -19.0% |
| Land and buildings | 22 | €1,998,202 | €1,704,384 | -€293,819 | -14.7% |
| Plant, machinery and equipment | 23 | €1,410,394 | €826,380 | -€584,014 | -41.4% |
| Furniture and vehicles | 24 | €325,296 | €253,144 | -€72,152 | -22.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €49,501 | €281,210 | +€231,709 | +468.1% |
| Current assets | 29/58 | €23,320,402 | €19,112,089 | -€4.2m | -18.0% |
| Stocks and contracts in progress | 3 | €9,056,918 | €7,502,203 | -€1.6m | -17.2% |
| Stocks | 30/36 | €9,056,918 | €7,502,203 | -€1.6m | -17.2% |
| Raw materials and consumables | 30/31 | €6,396,037 | €4,946,443 | -€1.4m | -22.7% |
| Finished goods | 33 | €2,660,881 | €2,555,761 | -€105,121 | -4.0% |
| Amounts receivable within one year | 40/41 | €11,999,114 | €11,463,878 | -€535,236 | -4.5% |
| Trade receivables | 40 | €7,733,992 | €8,549,240 | +€815,248 | +10.5% |
| Other amounts receivable | 41 | €4,265,122 | €2,914,638 | -€1.4m | -31.7% |
| Cash at bank and in hand | 54/58 | €2,221,597 | €136,825 | -€2.1m | -93.8% |
| Deferred charges and accrued income | 490/1 | €42,773 | €9,182 | -€33,591 | -78.5% |
| Total equity and liabilities | 10/49 | €27,107,376 | €22,178,976 | -€4.9m | -18.2% |
| Equity | 10/15 | €5,109,392 | €2,047,931 | -€3.1m | -59.9% |
| Contributions | 10/11 | €4,080,000 | €4,080,000 | = | 0.0% |
| Capital | 10 | €4,080,000 | €4,080,000 | = | 0.0% |
| Issued capital | 100 | €4,080,000 | €4,080,000 | = | 0.0% |
| Reserves | 13 | €450,210 | €439,576 | -€10,635 | -2.4% |
| Non-distributable reserves | 130/1 | €336,092 | €336,092 | = | 0.0% |
| Legal reserve | 130 | €336,092 | €336,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,231 | €63,596 | -€10,635 | -14.3% |
| Distributable reserves | 133 | €39,888 | €39,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,780 | -€2,677,883 | -€3.0m | |
| Investment grants | 15 | €253,402 | €206,238 | -€47,163 | -18.6% |
| Provisions and deferred taxes | 16 | €45,010 | €38,873 | -€6,138 | -13.6% |
| Deferred taxes | 168 | €45,010 | €38,873 | -€6,138 | -13.6% |
| Amounts payable | 17/49 | €21,952,974 | €20,092,173 | -€1.9m | -8.5% |
| Amounts payable after more than one year | 17 | €4,996,317 | €5,569,282 | +€572,966 | +11.5% |
| Financial debts | 170/4 | €4,996,317 | €5,569,282 | +€572,966 | +11.5% |
| Credit institutions | 173 | €1,696,317 | €1,569,282 | -€127,034 | -7.5% |
| Other loans | 174 | €3,300,000 | €4,000,000 | +€700,000 | +21.2% |
| Amounts payable within one year | 42/48 | €16,751,237 | €14,296,851 | -€2.5m | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €622,003 | €690,068 | +€68,065 | +10.9% |
| Financial debts | 43 | €4,043,366 | €2,647,961 | -€1.4m | -34.5% |
| Credit institutions | 430/8 | €4,043,366 | €2,647,961 | -€1.4m | -34.5% |
| Trade debts | 44 | €11,380,527 | €10,648,896 | -€731,631 | -6.4% |
| Suppliers | 440/4 | €11,380,527 | €10,648,896 | -€731,631 | -6.4% |
| Advances received on contracts in progress | 46 | €39,787 | €3,380 | -€36,407 | -91.5% |
| Taxes, remuneration and social security | 45 | €649,169 | €290,160 | -€359,009 | -55.3% |
| Taxes | 450/3 | €282,400 | €58,864 | -€223,536 | -79.2% |
| Remuneration and social security | 454/9 | €366,769 | €231,296 | -€135,473 | -36.9% |
| Other amounts payable | 47/48 | €16,385 | €16,385 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €205,420 | €226,039 | +€20,619 | +10.0% |
| Operating income | 70/76A | €76,715,567 | €80,229,386 | +€3.5m | +4.6% |
| Turnover | 70 | €76,872,019 | €80,074,910 | +€3.2m | +4.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€248,375 | -€105,121 | +€143,254 | +57.7% |
| Other operating income | 74 | €86,262 | €252,986 | +€166,723 | +193.3% |
| Non-recurring operating income | 76A | €5,660 | €6,612 | +€952 | +16.8% |
| Operating charges | 60/66A | €76,145,592 | €82,905,931 | +€6.8m | +8.9% |
| Goods for resale, raw materials and consumables | 60 | €66,118,799 | €73,509,063 | +€7.4m | +11.2% |
| Purchases | 600/8 | €68,255,335 | €72,059,468 | +€3.8m | +5.6% |
| Change in stocks: decrease (increase) | 609 | -€2,136,537 | €1,449,594 | +€3.6m | |
| Services and other goods | 61 | €6,570,775 | €6,146,099 | -€424,676 | -6.5% |
| Remuneration, social security and pensions | 62 | €2,494,661 | €2,266,516 | -€228,145 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795,106 | €728,321 | -€66,784 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €166,253 | €255,932 | +€89,679 | +53.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €569,974 | -€2,676,545 | -€3.2m | |
| Financial income | 75/76B | €50,244 | €47,630 | -€2,614 | -5.2% |
| Recurring financial income | 75 | €50,244 | €47,630 | -€2,614 | -5.2% |
| Other financial income | 752/9 | €50,244 | €47,630 | -€2,614 | -5.2% |
| Financial charges | 65/66B | €413,362 | €389,609 | -€23,753 | -5.7% |
| Recurring financial charges | 65 | €413,362 | €389,609 | -€23,753 | -5.7% |
| Debt charges | 650 | €327,804 | €292,586 | -€35,219 | -10.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €558 | +€558 | |
| Other financial charges | 652/9 | €85,558 | €96,465 | +€10,908 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €206,857 | -€3,018,524 | -€3.2m | |
| Transfer from deferred taxes | 780 | €6,138 | €6,138 | = | 0.0% |
| Income taxes | 67/77 | €3,317 | €1,911 | -€1,405 | -42.4% |
| Taxes | 670/3 | €3,317 | €2,000 | -€1,317 | -39.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | €209,678 | -€3,014,298 | -€3.2m | |
| Transfer from tax-exempt reserves | 789 | €11,814 | €10,635 | -€1,180 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €221,492 | -€3,003,663 | -€3.2m |
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 11 October 2026 via checked.be.