AGRECO: what changed
Two fiscal 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.
AGRECO
Largest movements
- Stocks and contracts -€2.1m
down €2.1m (-84.6%), from €2.4m to €376,333
- Receivables within one year -€1.5m
down €1.5m (-27.3%), from €5.6m to €4.1m
of which Trade receivables: -€1.6m
- Current investments +€678,466
up €678,466 (+80.7%), from €840,968 to €1.5m
- Cash +€212,719
up €212,719 (+105.4%), from €201,789 to €414,508
mainly Stocks and contracts (+€2.1m) and Receivables within one year (+€1.5m)
- Advances received -€1.8m
down €1.8m (-66.7%), from €2.7m to €887,537
- Trade debts -€731,430
down €731,430 (-34.4%), from €2.1m to €1.4m
- Other debts -€350,511
down €350,511 (-15.4%), from €2.3m to €1.9m
- Purchases and services -€1.7m
down €1.7m (-29.7%), from €5.7m to €4.0m
- Turnover -€1.4m
down €1.4m (-19.6%), from €7.3m to €5.9m
- Gross operating margin +€244,382
up €244,382 (+14.5%), from €1.7m to €1.9m
- Write-downs +€84,596
new in 2026: €84,596
- Provisions +€80,000
new in 2026: €80,000
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,177,525 | €6,413,074 | -€2.8m | -30.1% |
| Fixed assets | 21/28 | €80,498 | €27,639 | -€52,859 | -65.7% |
| Tangible fixed assets | 22/27 | €74,993 | €22,134 | -€52,859 | -70.5% |
| Furniture and vehicles | 24 | €74,993 | €22,134 | -€52,859 | -70.5% |
| Financial fixed assets | 28 | €5,505 | €5,505 | = | 0.0% |
| Current assets | 29/58 | €9,097,027 | €6,385,435 | -€2.7m | -29.8% |
| Stocks and contracts in progress | 3 | €2,447,480 | €376,333 | -€2.1m | -84.6% |
| Contracts in progress | 37 | €2,447,480 | €376,333 | -€2.1m | -84.6% |
| Amounts receivable within one year | 40/41 | €5,606,178 | €4,073,546 | -€1.5m | -27.3% |
| Trade receivables | 40 | €5,538,315 | €3,894,873 | -€1.6m | -29.7% |
| Other amounts receivable | 41 | €67,864 | €178,672 | +€110,809 | +163.3% |
| Current investments | 50/53 | €840,968 | €1,519,434 | +€678,466 | +80.7% |
| Cash at bank and in hand | 54/58 | €201,789 | €414,508 | +€212,719 | +105.4% |
| Deferred charges and accrued income | 490/1 | €612 | €1,614 | +€1,002 | +163.7% |
| Total equity and liabilities | 10/49 | €9,177,525 | €6,413,074 | -€2.8m | -30.1% |
| Provisions and deferred taxes | 16 | - | €80,000 | +€80,000 | |
| Provisions for liabilities and charges | 160/5 | - | €80,000 | +€80,000 | |
| Other liabilities and charges | 164/5 | - | €80,000 | +€80,000 | |
| Amounts payable | 17/49 | €9,177,525 | €6,333,074 | -€2.8m | -31.0% |
| Amounts payable after more than one year | 17 | €2,027,030 | €2,027,030 | = | 0.0% |
| Advances received on contracts in progress | 176 | €2,027,030 | €2,027,030 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,150,495 | €4,306,044 | -€2.8m | -39.8% |
| Trade debts | 44 | €2,126,245 | €1,394,816 | -€731,430 | -34.4% |
| Suppliers | 440/4 | €2,126,245 | €1,394,816 | -€731,430 | -34.4% |
| Advances received on contracts in progress | 46 | €2,668,825 | €887,537 | -€1.8m | -66.7% |
| Taxes, remuneration and social security | 45 | €83,273 | €102,049 | +€18,777 | +22.5% |
| Taxes | 450/3 | €3,904 | €3,859 | -€45 | -1.1% |
| Remuneration and social security | 454/9 | €79,369 | €98,190 | +€18,821 | +23.7% |
| Other amounts payable | 47/48 | €2,272,153 | €1,921,642 | -€350,511 | -15.4% |
| Turnover | 70 | €7,328,178 | €5,893,126 | -€1.4m | -19.6% |
| Non-recurring operating income | 76A | €26,086 | €21,512 | -€4,573 | -17.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,665,507 | €3,981,481 | -€1.7m | -29.7% |
| Remuneration, social security and pensions | 62 | €286,762 | €341,956 | +€55,194 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,577 | €23,756 | -€29,821 | -55.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €84,596 | +€84,596 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €80,000 | +€80,000 | |
| Other operating charges | 640/8 | €98,484 | €24,621 | -€73,863 | -75.0% |
| Non-recurring operating charges | 66A | €62 | €85 | +€23 | +37.1% |
| Gross operating margin | 9900 | €1,688,776 | €1,933,158 | +€244,382 | +14.5% |
| Operating profit (loss) | 9901 | €1,249,892 | €1,378,144 | +€128,252 | +10.3% |
| Financial income | 75/76B | €39,201 | €19,456 | -€19,745 | -50.4% |
| Recurring financial income | 75 | €39,201 | €19,456 | -€19,745 | -50.4% |
| Financial charges | 65/66B | €30,060 | €21,829 | -€8,231 | -27.4% |
| Recurring financial charges | 65 | €30,060 | €21,829 | -€8,231 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €1,259,033 | €1,375,771 | +€116,738 | +9.3% |
| Income taxes | 67/77 | €7,725 | €5,437 | -€2,288 | -29.6% |
| Profit (loss) for the period | 9904 | €1,251,308 | €1,370,334 | +€119,026 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,251,308 | €1,370,334 | +€119,026 | +9.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.