AGRI-FLEURBAEY: 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.
AGRI-FLEURBAEY
Largest movements
- Tangible fixed assets +€51,465
up €51,465 (+9.0%), from €574,231 to €625,695
of which Plant, machinery and equipment: +€136,522
- Cash +€9,903
up €9,903 (+223.9%), from €4,422 to €14,326
- Other debts +€186,621
up €186,621 (+62.8%), from €297,147 to €483,768
- Debts after one year -€102,334
down €102,334 (-44.6%), from €229,611 to €127,277
- Current portion of long-term debt -€78,667
no longer reported in 2025 (was €78,667)
- Short-term financial debts +€48,667
new in 2025: €48,667
- Trade debts -€7,490
down €7,490 (-43.2%), from €17,334 to €9,844
- Depreciation +€28,891
up €28,891 (+47.6%), from €60,684 to €89,575
- Gross operating margin +€17,121
up €17,121 (+21.2%), from €80,929 to €98,049
- Other operating charges -€5,636
down €5,636 (-57.7%), from €9,762 to €4,126
- Financial charges -€3,340
down €3,340 (-39.0%), from €8,568 to €5,228
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,133 | €687,209 | +€52,076 | +8.2% |
| Fixed assets | 21/28 | €577,565 | €628,077 | +€50,512 | +8.7% |
| Intangible fixed assets | 21 | €3,334 | €2,381 | -€953 | -28.6% |
| Tangible fixed assets | 22/27 | €574,231 | €625,695 | +€51,465 | +9.0% |
| Land and buildings | 22 | €176,035 | €181,881 | +€5,846 | +3.3% |
| Plant, machinery and equipment | 23 | €68,921 | €205,443 | +€136,522 | +198.1% |
| Furniture and vehicles | 24 | €329,274 | €238,371 | -€90,903 | -27.6% |
| Current assets | 29/58 | €57,568 | €59,133 | +€1,565 | +2.7% |
| Stocks and contracts in progress | 3 | €6,250 | €8,013 | +€1,763 | +28.2% |
| Stocks | 30/36 | €6,250 | €5,000 | -€1,250 | -20.0% |
| Contracts in progress | 37 | - | €3,013 | +€3,013 | |
| Amounts receivable within one year | 40/41 | €39,291 | €35,607 | -€3,684 | -9.4% |
| Trade receivables | 40 | €34,288 | €35,607 | +€1,319 | +3.8% |
| Other amounts receivable | 41 | €5,003 | €0 | -€5,003 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,422 | €14,326 | +€9,903 | +223.9% |
| Deferred charges and accrued income | 490/1 | €7,605 | €1,187 | -€6,417 | -84.4% |
| Total equity and liabilities | 10/49 | €635,133 | €687,209 | +€52,076 | +8.2% |
| Equity | 10/15 | €12,375 | €13,435 | +€1,060 | +8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,625 | -€6,565 | +€1,060 | +13.9% |
| Amounts payable | 17/49 | €622,758 | €673,775 | +€51,017 | +8.2% |
| Amounts payable after more than one year | 17 | €229,611 | €127,277 | -€102,334 | -44.6% |
| Financial debts | 170/4 | €229,611 | €127,277 | -€102,334 | -44.6% |
| Amounts payable within one year | 42/48 | €393,148 | €546,498 | +€153,350 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €78,667 | - | -€78,667 | |
| Financial debts | 43 | - | €48,667 | +€48,667 | |
| Credit institutions | 430/8 | - | €48,667 | +€48,667 | |
| Trade debts | 44 | €17,334 | €9,844 | -€7,490 | -43.2% |
| Suppliers | 440/4 | €17,334 | €9,844 | -€7,490 | -43.2% |
| Taxes, remuneration and social security | 45 | - | €4,219 | +€4,219 | |
| Taxes | 450/3 | - | €4,219 | +€4,219 | |
| Other amounts payable | 47/48 | €297,147 | €483,768 | +€186,621 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,684 | €89,575 | +€28,891 | +47.6% |
| Other operating charges | 640/8 | €9,762 | €4,126 | -€5,636 | -57.7% |
| Gross operating margin | 9900 | €80,929 | €98,049 | +€17,121 | +21.2% |
| Operating profit (loss) | 9901 | €10,483 | €4,348 | -€6,135 | -58.5% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €8,568 | €5,228 | -€3,340 | -39.0% |
| Recurring financial charges | 65 | €8,568 | €5,228 | -€3,340 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €1,955 | -€880 | -€2,835 | |
| Profit (loss) for the period | 9904 | €1,955 | -€880 | -€2,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,955 | -€880 | -€2,835 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.