AGRARIUS: 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.
AGRARIUS
Largest movements
- Stocks and contracts +€233,445
up €233,445 (+71.8%), from €325,032 to €558,477
- Receivables within one year +€97,408
up €97,408 (+28.8%), from €338,206 to €435,614
of which Trade receivables: +€139,093
- Tangible fixed assets -€73,981
down €73,981 (-7.1%), from €1.0m to €966,225
of which Land and buildings: -€40,683
- Cash +€34,851
up €34,851 (+49.6%), from €70,332 to €105,183
mainly Trade debts (+€155,212) and Depreciation (+€98,153)
- Trade debts +€155,212
up €155,212 (+129.6%), from €119,744 to €274,956
- Profit (loss) carried forward +€116,326
up €116,326, from -€2,506 to €113,821
- Advances received +€40,440
new in 2025: €40,440
- Debts after one year -€29,413
down €29,413 (-2.6%), from €1.1m to €1.1m
of which Financial debts: -€79,840
- Gross operating margin +€134,627
up €134,627 (+87.5%), from €153,859 to €288,486
- Staff costs -€31,898
down €31,898 (-26.1%), from €122,188 to €90,290
- Financial income -€7,649
down €7,649 (-68.1%), from €11,237 to €3,588
- Depreciation +€5,502
up €5,502 (+5.9%), from €92,651 to €98,153
- Financial charges -€3,326
down €3,326 (-10.6%), from €31,518 to €28,192
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,785,044 | €2,078,027 | +€292,982 | +16.4% |
| Fixed assets | 21/28 | €1,050,115 | €973,359 | -€76,756 | -7.3% |
| Intangible fixed assets | 21 | €9,909 | €7,134 | -€2,775 | -28.0% |
| Tangible fixed assets | 22/27 | €1,040,206 | €966,225 | -€73,981 | -7.1% |
| Land and buildings | 22 | €724,696 | €684,013 | -€40,683 | -5.6% |
| Plant, machinery and equipment | 23 | €286,035 | €263,812 | -€22,223 | -7.8% |
| Furniture and vehicles | 24 | €28,636 | €18,399 | -€10,236 | -35.7% |
| Assets under construction and advance payments | 27 | €839 | - | -€839 | |
| Current assets | 29/58 | €734,930 | €1,104,667 | +€369,738 | +50.3% |
| Stocks and contracts in progress | 3 | €325,032 | €558,477 | +€233,445 | +71.8% |
| Stocks | 30/36 | €325,032 | €558,477 | +€233,445 | +71.8% |
| Amounts receivable within one year | 40/41 | €338,206 | €435,614 | +€97,408 | +28.8% |
| Trade receivables | 40 | €274,715 | €413,807 | +€139,093 | +50.6% |
| Other amounts receivable | 41 | €63,491 | €21,807 | -€41,685 | -65.7% |
| Cash at bank and in hand | 54/58 | €70,332 | €105,183 | +€34,851 | +49.6% |
| Deferred charges and accrued income | 490/1 | €1,359 | €5,393 | +€4,034 | +296.7% |
| Total equity and liabilities | 10/49 | €1,785,044 | €2,078,027 | +€292,982 | +16.4% |
| Equity | 10/15 | €128,239 | €240,979 | +€112,740 | +87.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €8,400 | €8,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,506 | €113,821 | +€116,326 | |
| Investment grants | 15 | €47,345 | €43,759 | -€3,586 | -7.6% |
| Amounts payable | 17/49 | €1,656,805 | €1,837,047 | +€180,242 | +10.9% |
| Amounts payable after more than one year | 17 | €1,135,987 | €1,106,574 | -€29,413 | -2.6% |
| Financial debts | 170/4 | €785,028 | €705,188 | -€79,840 | -10.2% |
| Other amounts payable | 178/9 | €350,959 | €401,386 | +€50,427 | +14.4% |
| Amounts payable within one year | 42/48 | €518,892 | €729,682 | +€210,790 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €78,173 | €79,840 | +€1,667 | +2.1% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €119,744 | €274,956 | +€155,212 | +129.6% |
| Suppliers | 440/4 | €119,744 | €274,956 | +€155,212 | +129.6% |
| Advances received on contracts in progress | 46 | - | €40,440 | +€40,440 | |
| Taxes, remuneration and social security | 45 | €20,976 | €34,447 | +€13,471 | +64.2% |
| Taxes | 450/3 | €1,861 | €17,959 | +€16,098 | +865.0% |
| Remuneration and social security | 454/9 | €19,115 | €16,487 | -€2,627 | -13.7% |
| Accrued charges and deferred income | 492/3 | €1,926 | €791 | -€1,135 | -58.9% |
| Non-recurring operating income | 76A | €165 | €330 | +€165 | +100.0% |
| Remuneration, social security and pensions | 62 | €122,188 | €90,290 | -€31,898 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,651 | €98,153 | +€5,502 | +5.9% |
| Other operating charges | 640/8 | €8,692 | €8,853 | +€160 | +1.8% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €153,859 | €288,486 | +€134,627 | +87.5% |
| Operating profit (loss) | 9901 | -€69,673 | €91,190 | +€160,863 | |
| Financial income | 75/76B | €11,237 | €3,588 | -€7,649 | -68.1% |
| Recurring financial income | 75 | €11,237 | €3,588 | -€7,649 | -68.1% |
| Financial charges | 65/66B | €31,518 | €28,192 | -€3,326 | -10.6% |
| Recurring financial charges | 65 | €31,518 | €28,192 | -€3,326 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€89,953 | €66,586 | +€156,539 | |
| Income taxes | 67/77 | €249 | €209 | -€40 | -16.0% |
| Profit (loss) for the period | 9904 | -€90,202 | €66,376 | +€156,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,202 | €66,376 | +€156,579 |
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 12 October 2026 via checked.be.