AGRAR: 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
AGRAR
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,885
2024 · -€6,417+€1,531
Equity
€604,226
2024 · €609,111-€4,885
Cash
€38,990
2024 · €14,984+€24,006
Balance sheet total
€1.5m
2024 · €1.5m+€2,518
Largest movements
Assets
- Tangible fixed assets -€28,923
down €28,923 (-2.9%), from €1.0m to €982,257
- Cash +€24,006
up €24,006 (+160%), from €14,984 to €38,990
mainly Depreciation (+€28,923) and Accrued charges and deferred income (+€16,000)
Equity and liabilities
- Accrued charges and deferred income +€16,000
new in 2025: €16,000
Income statement
- Financial charges +€16,460
up €16,460 (+174%), from €9,434 to €25,894
- Depreciation -€10,000
down €10,000 (-25.7%), from €38,923 to €28,923
- Gross operating margin +€8,267
up €8,267 (+18.0%), from €46,034 to €54,301
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
-€6,417
Gross operating margin
+€8,267
Depreciation
+€10,000
Other operating charges
-€225
Financial charges
-€16,460
Taxes
-€50
Result 2025
-€4,885
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
+€30,895
Investment
€0
Financing
-€6,889
Cash 2024
€14,984
From operations (derived)
+€30,895
Net result for the year
-€4,885
Depreciation
+€28,923
Receivables within one year
-€756
Deferred charges and accrued income
-€6,678
Provisions
-€1,796
Smaller working-capital items
+€88
Accrued charges and deferred income
+€16,000
Financing
-€6,889
Short-term financial debts
-€6,889
Cash 2025
€38,990
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,482,114 | €1,484,632 | +€2,518 | +0.2% |
| Fixed assets | 21/28 | €1,436,180 | €1,407,257 | -€28,923 | -2.0% |
| Tangible fixed assets | 22/27 | €1,011,180 | €982,257 | -€28,923 | -2.9% |
| Land and buildings | 22 | €1,011,180 | €982,257 | -€28,923 | -2.9% |
| Financial fixed assets | 28 | €425,000 | €425,000 | = | 0.0% |
| Current assets | 29/58 | €45,934 | €77,375 | +€31,441 | +68.4% |
| Amounts receivable within one year | 40/41 | €19,200 | €19,956 | +€756 | +3.9% |
| Trade receivables | 40 | €15,000 | €15,756 | +€756 | +5.0% |
| Other amounts receivable | 41 | €4,200 | €4,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,984 | €38,990 | +€24,006 | +160% |
| Deferred charges and accrued income | 490/1 | €11,750 | €18,428 | +€6,678 | +56.8% |
| Total equity and liabilities | 10/49 | €1,482,114 | €1,484,632 | +€2,518 | +0.2% |
| Equity | 10/15 | €609,111 | €604,226 | -€4,885 | -0.8% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €419,000 | €419,000 | = | 0.0% |
| Uncalled capital | 101 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €259,111 | €254,226 | -€4,885 | -1.9% |
| Non-distributable reserves | 130/1 | €13,162 | €13,187 | +€25 | +0.2% |
| Legal reserve | 130 | €13,162 | €13,187 | +€25 | +0.2% |
| Tax-exempt reserves | 132 | €139,858 | €134,471 | -€5,387 | -3.9% |
| Distributable reserves | 133 | €106,091 | €106,568 | +€477 | +0.4% |
| Provisions and deferred taxes | 16 | €46,620 | €44,824 | -€1,796 | -3.9% |
| Deferred taxes | 168 | €46,620 | €44,824 | -€1,796 | -3.9% |
| Amounts payable | 17/49 | €826,383 | €835,582 | +€9,199 | +1.1% |
| Amounts payable after more than one year | 17 | €503,750 | €503,750 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €3,750 | €3,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €322,633 | €315,832 | -€6,801 | -2.1% |
| Financial debts | 43 | €322,633 | €315,744 | -€6,889 | -2.1% |
| Other loans | 439 | €322,633 | €315,744 | -€6,889 | -2.1% |
| Trade debts | 44 | - | €38 | +€38 | |
| Suppliers | 440/4 | - | €38 | +€38 | |
| Taxes, remuneration and social security | 45 | - | €50 | +€50 | |
| Taxes | 450/3 | - | €50 | +€50 | |
| Accrued charges and deferred income | 492/3 | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,923 | €28,923 | -€10,000 | -25.7% |
| Other operating charges | 640/8 | €5,890 | €6,115 | +€225 | +3.8% |
| Gross operating margin | 9900 | €46,034 | €54,301 | +€8,267 | +18.0% |
| Operating profit (loss) | 9901 | €1,222 | €19,263 | +€18,042 | +1,477% |
| Financial charges | 65/66B | €9,434 | €25,894 | +€16,460 | +174% |
| Recurring financial charges | 65 | €9,434 | €25,894 | +€16,460 | +174% |
| Profit (loss) for the period before taxes | 9903 | -€8,212 | -€6,631 | +€1,581 | +19.3% |
| Transfer from deferred taxes | 780 | €1,796 | €1,796 | = | 0.0% |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€6,417 | -€4,885 | +€1,531 | +23.9% |
| Transfer from tax-exempt reserves | 789 | €5,387 | €5,387 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,029 | €502 | +€1,531 |
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 13 October 2026 via checked.be.