AGRERO: 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
AGRERO
NACE 01.130, Growing of vegetables, melons, roots and tubers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,525
2024 · -€6,055+€19,579
Equity
€1.1m
2024 · €1.1m+€13,525
Cash
€11,560
2024 · €7,748+€3,811
Balance sheet total
€3.1m
2024 · €3.2m-€130,130
Largest movements
Assets
- Tangible fixed assets -€198,771
down €198,771 (-8.9%), from €2.2m to €2.0m
of which Plant, machinery and equipment: -€140,137
- Receivables within one year +€160,140
up €160,140 (+20.1%), from €798,449 to €958,588
of which Other amounts receivable: +€124,217
- Receivables after one year -€78,991
down €78,991 (-50.8%), from €155,361 to €76,370
Equity and liabilities
- Debts after one year -€233,859
down €233,859 (-16.9%), from €1.4m to €1.2m
- Other debts +€179,838
up €179,838 (+102%), from €176,460 to €356,298
- Trade debts -€69,674
down €69,674 (-32.4%), from €214,903 to €145,229
Income statement
- Financial charges -€14,173
down €14,173 (-20.0%), from €70,896 to €56,723
- Depreciation -€6,836
down €6,836 (-2.4%), from €288,009 to €281,173
- Staff costs +€6,571
up €6,571 (+11.8%), from €55,755 to €62,325
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
-€6,055
Gross operating margin
+€2,394
Staff costs
-€6,571
Depreciation
+€6,836
Other operating charges
+€3,827
Financial income
-€932
Financial charges
+€14,173
Taxes
-€9
Deferred taxes and other
-€138
Result 2025
€13,525
raises the resultlowers the resultnot broken down further in the accounts
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
+€347,535
Investment
-€82,402
Financing
-€261,321
Cash 2024
€7,748
From operations (derived)
+€347,535
Net result for the year
+€13,525
Depreciation
+€281,173
Receivables after one year
+€78,991
Receivables within one year
-€160,140
Deferred charges and accrued income
+€16,320
Provisions
-€7,140
Trade debts
-€69,674
Tax, wage and social debts
+€972
Other debts
+€179,838
Accrued charges and deferred income
+€13,670
Investment (derived)
-€82,402
Investment in fixed assets (net)
-€82,402
Financing
-€261,321
Debts after one year
-€233,859
Current portion of long-term debt
-€27,462
Cash 2025
€11,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,235,474 | €3,105,345 | -€130,130 | -4.0% |
| Fixed assets | 21/28 | €2,242,833 | €2,044,062 | -€198,771 | -8.9% |
| Tangible fixed assets | 22/27 | €2,235,755 | €2,036,984 | -€198,771 | -8.9% |
| Land and buildings | 22 | €1,655,736 | €1,605,089 | -€50,647 | -3.1% |
| Plant, machinery and equipment | 23 | €535,770 | €395,633 | -€140,137 | -26.2% |
| Furniture and vehicles | 24 | €44,249 | €36,262 | -€7,987 | -18.0% |
| Financial fixed assets | 28 | €7,078 | €7,078 | = | 0.0% |
| Current assets | 29/58 | €992,642 | €1,061,283 | +€68,641 | +6.9% |
| Amounts receivable after more than one year | 29 | €155,361 | €76,370 | -€78,991 | -50.8% |
| Other amounts receivable | 291 | €155,361 | €76,370 | -€78,991 | -50.8% |
| Amounts receivable within one year | 40/41 | €798,449 | €958,588 | +€160,140 | +20.1% |
| Trade receivables | 40 | €98,724 | €134,646 | +€35,922 | +36.4% |
| Other amounts receivable | 41 | €699,725 | €823,942 | +€124,217 | +17.8% |
| Cash at bank and in hand | 54/58 | €7,748 | €11,560 | +€3,811 | +49.2% |
| Deferred charges and accrued income | 490/1 | €31,084 | €14,764 | -€16,320 | -52.5% |
| Total equity and liabilities | 10/49 | €3,235,474 | €3,105,345 | -€130,130 | -4.0% |
| Equity | 10/15 | €1,098,710 | €1,112,235 | +€13,525 | +1.2% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Revaluation surpluses | 12 | €274,175 | €274,175 | = | 0.0% |
| Reserves | 13 | €694,535 | €708,059 | +€13,525 | +1.9% |
| Tax-exempt reserves | 132 | €206,999 | €185,579 | -€21,420 | -10.3% |
| Distributable reserves | 133 | €487,536 | €522,480 | +€34,944 | +7.2% |
| Provisions and deferred taxes | 16 | €69,000 | €61,860 | -€7,140 | -10.3% |
| Deferred taxes | 168 | €69,000 | €61,860 | -€7,140 | -10.3% |
| Amounts payable | 17/49 | €2,067,765 | €1,931,250 | -€136,515 | -6.6% |
| Amounts payable after more than one year | 17 | €1,385,831 | €1,151,972 | -€233,859 | -16.9% |
| Financial debts | 170/4 | €1,385,831 | €1,151,972 | -€233,859 | -16.9% |
| Amounts payable within one year | 42/48 | €680,634 | €764,308 | +€83,674 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €281,379 | €253,918 | -€27,462 | -9.8% |
| Trade debts | 44 | €214,903 | €145,229 | -€69,674 | -32.4% |
| Suppliers | 440/4 | €214,903 | €145,229 | -€69,674 | -32.4% |
| Taxes, remuneration and social security | 45 | €7,892 | €8,863 | +€972 | +12.3% |
| Taxes | 450/3 | €2,038 | €1,737 | -€301 | -14.8% |
| Remuneration and social security | 454/9 | €5,853 | €7,126 | +€1,273 | +21.7% |
| Other amounts payable | 47/48 | €176,460 | €356,298 | +€179,838 | +102% |
| Accrued charges and deferred income | 492/3 | €1,300 | €14,970 | +€13,670 | +1,052% |
| Non-recurring operating income | 76A | €2,434 | €13,829 | +€11,395 | +468% |
| Remuneration, social security and pensions | 62 | €55,755 | €62,325 | +€6,571 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288,009 | €281,173 | -€6,836 | -2.4% |
| Other operating charges | 640/8 | €18,134 | €14,307 | -€3,827 | -21.1% |
| Gross operating margin | 9900 | €401,714 | €404,108 | +€2,394 | +0.6% |
| Operating profit (loss) | 9901 | €39,817 | €46,303 | +€6,486 | +16.3% |
| Financial income | 75/76B | €18,315 | €17,383 | -€932 | -5.1% |
| Recurring financial income | 75 | €18,315 | €17,383 | -€932 | -5.1% |
| Financial charges | 65/66B | €70,896 | €56,723 | -€14,173 | -20.0% |
| Recurring financial charges | 65 | €70,896 | €56,723 | -€14,173 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,765 | €6,962 | +€19,727 | |
| Transfer from deferred taxes | 780 | €7,278 | €7,140 | -€138 | -1.9% |
| Income taxes | 67/77 | €569 | €578 | +€9 | +1.6% |
| Profit (loss) for the period | 9904 | -€6,055 | €13,525 | +€19,579 | |
| Transfer from tax-exempt reserves | 789 | €21,835 | €21,420 | -€415 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,780 | €34,944 | +€19,164 | +121% |
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 30 October 2026 via checked.be.