AGRI-MAIZEROULE: 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-MAIZEROULE
Largest movements
- Current investments -€17,917
down €17,917 (-63.3%), from €28,311 to €10,394
- Cash -€17,100
down €17,100 (-42.9%), from €39,865 to €22,765
mainly Investment in fixed assets (net) (-€48,737) and Net result for the year (-€20,569)
- Tangible fixed assets +€16,499
up €16,499 (+15.6%), from €105,698 to €122,197
- Receivables within one year -€8,652
down €8,652 (-17.7%), from €48,766 to €40,114
of which Trade receivables: -€7,812
- Profit (loss) carried forward -€15,881
down €15,881 (-70.6%), from €22,506 to €6,625
- Reserves -€4,688
down €4,688 (-2.8%), from €170,125 to €165,437
of which Tax-exempt reserves: -€4,688
- Other debts -€2,243
down €2,243 (-85.6%), from €2,621 to €378
- Gross operating margin -€16,843
down €16,843 (-60.8%), from €27,706 to €10,863
- Depreciation +€5,399
up €5,399 (+20.1%), from €26,839 to €32,238
- Taxes -€1,960
down €1,960 (-87.6%), from €2,237 to €277
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,935 | €195,949 | -€27,986 | -12.5% |
| Fixed assets | 21/28 | €105,698 | €122,197 | +€16,499 | +15.6% |
| Tangible fixed assets | 22/27 | €105,698 | €122,197 | +€16,499 | +15.6% |
| Plant, machinery and equipment | 23 | €105,698 | €122,197 | +€16,499 | +15.6% |
| Current assets | 29/58 | €118,237 | €73,752 | -€44,485 | -37.6% |
| Stocks and contracts in progress | 3 | €1,295 | €479 | -€816 | -63.0% |
| Stocks | 30/36 | €1,295 | €479 | -€816 | -63.0% |
| Amounts receivable within one year | 40/41 | €48,766 | €40,114 | -€8,652 | -17.7% |
| Trade receivables | 40 | €47,117 | €39,305 | -€7,812 | -16.6% |
| Other amounts receivable | 41 | €1,649 | €809 | -€840 | -50.9% |
| Current investments | 50/53 | €28,311 | €10,394 | -€17,917 | -63.3% |
| Cash at bank and in hand | 54/58 | €39,865 | €22,765 | -€17,100 | -42.9% |
| Total equity and liabilities | 10/49 | €223,935 | €195,949 | -€27,986 | -12.5% |
| Equity | 10/15 | €206,523 | €185,402 | -€21,121 | -10.2% |
| Contributions | 10/11 | €10,580 | €10,580 | = | 0.0% |
| Contributions outside capital | 11 | €10,580 | €10,580 | = | 0.0% |
| Share premium | 1100/10 | €10,580 | €10,580 | = | 0.0% |
| Reserves | 13 | €170,125 | €165,437 | -€4,688 | -2.8% |
| Tax-exempt reserves | 132 | €28,125 | €23,437 | -€4,688 | -16.7% |
| Distributable reserves | 133 | €142,000 | €142,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,506 | €6,625 | -€15,881 | -70.6% |
| Investment grants | 15 | €3,312 | €2,760 | -€552 | -16.7% |
| Provisions and deferred taxes | 16 | €9,375 | €7,812 | -€1,563 | -16.7% |
| Deferred taxes | 168 | €9,375 | €7,812 | -€1,563 | -16.7% |
| Amounts payable | 17/49 | €8,037 | €2,735 | -€5,302 | -66.0% |
| Amounts payable within one year | 42/48 | €8,037 | €2,735 | -€5,302 | -66.0% |
| Trade debts | 44 | €3,179 | €2,115 | -€1,064 | -33.5% |
| Suppliers | 440/4 | €3,179 | €2,115 | -€1,064 | -33.5% |
| Taxes, remuneration and social security | 45 | €2,237 | €242 | -€1,995 | -89.2% |
| Taxes | 450/3 | €2,237 | €242 | -€1,995 | -89.2% |
| Other amounts payable | 47/48 | €2,621 | €378 | -€2,243 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,839 | €32,238 | +€5,399 | +20.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €27,706 | €10,863 | -€16,843 | -60.8% |
| Operating profit (loss) | 9901 | €480 | -€21,775 | -€22,255 | |
| Financial income | 75/76B | €148 | €119 | -€29 | -19.6% |
| Recurring financial income | 75 | €148 | €119 | -€29 | -19.6% |
| Financial charges | 65/66B | €205 | €198 | -€7 | -3.4% |
| Recurring financial charges | 65 | €205 | €198 | -€7 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €423 | -€21,854 | -€22,277 | |
| Transfer from deferred taxes | 780 | €1,563 | €1,562 | -€1 | -0.1% |
| Income taxes | 67/77 | €2,237 | €277 | -€1,960 | -87.6% |
| Profit (loss) for the period | 9904 | -€251 | -€20,569 | -€20,318 | -8,095% |
| Transfer from tax-exempt reserves | 789 | €4,687 | €4,688 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,436 | -€15,881 | -€20,317 |
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 22 October 2026 via checked.be.