AGRI: 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.
AGRI
Largest movements
- Tangible fixed assets +€686,045
up €686,045 (+1363.1%), from €50,331 to €736,376
of which Leasing and similar rights: +€422,659
- Stocks and contracts +€232,820
up €232,820 (+21.2%), from €1.1m to €1.3m
of which Stocks: +€232,820
- Receivables within one year +€108,933
up €108,933 (+24.1%), from €452,671 to €561,604
of which Trade receivables: +€59,814
- Cash -€81,977
down €81,977 (-81.6%), from €100,469 to €18,492
mainly Investment in fixed assets (net) (-€804,330) and Other debts (-€487,934)
- Deferred charges and accrued income +€31,290
up €31,290, from €0 to €31,290
- Debts after one year +€1.0m
up €1.0m (+172.1%), from €594,326 to €1.6m
- Other debts -€487,934
down €487,934 (-69.9%), from €698,458 to €210,524
- Trade debts +€297,006
up €297,006 (+88.4%), from €336,105 to €633,111
- Current portion of long-term debt +€104,549
new in 2025: €104,549
- Reserves +€77,428
up €77,428 (+283.9%), from €27,271 to €104,698
- Gross operating margin +€202,945
up €202,945 (+239.8%), from €84,638 to €287,583
- Depreciation +€108,572
up €108,572 (+1117.8%), from €9,713 to €118,285
- Staff costs +€26,189
up €26,189 (+131.3%), from €19,945 to €46,134
- Financial charges +€17,319
up €17,319 (+62.2%), from €27,831 to €45,150
- Taxes -€4,106
down €4,106, from €4,079 to -€27
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 | €1,703,731 | €2,680,841 | +€977,110 | +57.4% |
| Fixed assets | 21/28 | €50,331 | €736,376 | +€686,045 | +1363.1% |
| Tangible fixed assets | 22/27 | €50,331 | €736,376 | +€686,045 | +1363.1% |
| Plant, machinery and equipment | 23 | €50,331 | €94,952 | +€44,621 | +88.7% |
| Furniture and vehicles | 24 | - | €218,765 | +€218,765 | |
| Leasing and similar rights | 25 | - | €422,659 | +€422,659 | |
| Current assets | 29/58 | €1,653,399 | €1,944,465 | +€291,066 | +17.6% |
| Stocks and contracts in progress | 3 | €1,100,260 | €1,333,080 | +€232,820 | +21.2% |
| Stocks | 30/36 | €1,100,260 | €1,333,080 | +€232,820 | +21.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €452,671 | €561,604 | +€108,933 | +24.1% |
| Trade receivables | 40 | €427,030 | €486,845 | +€59,814 | +14.0% |
| Other amounts receivable | 41 | €25,640 | €74,759 | +€49,119 | +191.6% |
| Cash at bank and in hand | 54/58 | €100,469 | €18,492 | -€81,977 | -81.6% |
| Deferred charges and accrued income | 490/1 | €0 | €31,290 | +€31,290 | |
| Total equity and liabilities | 10/49 | €1,703,731 | €2,680,841 | +€977,110 | +57.4% |
| Equity | 10/15 | €29,971 | €107,398 | +€77,428 | +258.3% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Reserves | 13 | €27,271 | €104,698 | +€77,428 | +283.9% |
| Distributable reserves | 133 | €27,271 | €104,698 | +€77,428 | +283.9% |
| Amounts payable | 17/49 | €1,673,760 | €2,573,442 | +€899,683 | +53.8% |
| Amounts payable after more than one year | 17 | €594,326 | €1,616,992 | +€1.0m | +172.1% |
| Financial debts | 170/4 | €594,326 | €1,616,992 | +€1.0m | +172.1% |
| Amounts payable within one year | 42/48 | €1,041,047 | €956,450 | -€84,597 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | - | €104,549 | +€104,549 | |
| Trade debts | 44 | €336,105 | €633,111 | +€297,006 | +88.4% |
| Suppliers | 440/4 | €336,105 | €633,111 | +€297,006 | +88.4% |
| Advances received on contracts in progress | 46 | €540 | €0 | -€540 | -100.0% |
| Taxes, remuneration and social security | 45 | €5,944 | €8,266 | +€2,322 | +39.1% |
| Taxes | 450/3 | €4,079 | €45 | -€4,033 | -98.9% |
| Remuneration and social security | 454/9 | €1,865 | €8,221 | +€6,356 | +340.7% |
| Other amounts payable | 47/48 | €698,458 | €210,524 | -€487,934 | -69.9% |
| Accrued charges and deferred income | 492/3 | €38,387 | €0 | -€38,387 | -100.0% |
| Remuneration, social security and pensions | 62 | €19,945 | €46,134 | +€26,189 | +131.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,713 | €118,285 | +€108,572 | +1117.8% |
| Other operating charges | 640/8 | €635 | €622 | -€13 | -2.0% |
| Non-recurring operating charges | 66A | €11,000 | €0 | -€11,000 | -100.0% |
| Gross operating margin | 9900 | €84,638 | €287,583 | +€202,945 | +239.8% |
| Operating profit (loss) | 9901 | €43,346 | €122,542 | +€79,197 | +182.7% |
| Financial income | 75/76B | €1 | €8 | +€8 | +1550.0% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +1550.0% |
| Financial charges | 65/66B | €27,831 | €45,150 | +€17,319 | +62.2% |
| Recurring financial charges | 65 | €27,831 | €45,150 | +€17,319 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €15,515 | €77,400 | +€61,886 | +398.9% |
| Income taxes | 67/77 | €4,079 | -€27 | -€4,106 | |
| Profit (loss) for the period | 9904 | €11,436 | €77,428 | +€65,992 | +577.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,436 | €77,428 | +€65,992 | +577.0% |
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.