AGRI MC: 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 MC
Largest movements
- Tangible fixed assets -€67,585
down €67,585 (-7.5%), from €896,228 to €828,643
of which Plant, machinery and equipment: -€62,570
- Cash -€21,063
down €21,063 (-40.6%), from €51,829 to €30,765
mainly Investment in fixed assets (net) (-€123,020) and Other debts (-€73,123)
- Receivables within one year +€19,545
up €19,545 (+7.5%), from €260,822 to €280,367
of which Trade receivables: +€28,517
- Other debts -€73,123
down €73,123 (-37.0%), from €197,612 to €124,489
- Debts after one year -€49,264
down €49,264 (-15.4%), from €320,711 to €271,446
of which Financial debts: -€49,264
- Reserves +€46,700
up €46,700 (+9.2%), from €505,167 to €551,867
of which Distributable reserves: +€50,000
- Investment grants -€18,651
down €18,651 (-35.5%), from €52,545 to €33,894
- Profit (loss) carried forward +€13,585
up €13,585 (+55.9%), from €24,311 to €37,895
- Staff costs -€39,638
down €39,638 (-22.5%), from €176,342 to €136,704
- Taxes +€13,734
up €13,734 (+171.7%), from €7,997 to €21,731
- Depreciation +€11,624
up €11,624 (+6.5%), from €178,981 to €190,605
- Gross operating margin +€7,354
up €7,354 (+1.8%), from €400,294 to €407,647
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 | €1,226,386 | €1,163,324 | -€63,062 | -5.1% |
| Fixed assets | 21/28 | €896,228 | €828,643 | -€67,585 | -7.5% |
| Tangible fixed assets | 22/27 | €896,228 | €828,643 | -€67,585 | -7.5% |
| Plant, machinery and equipment | 23 | €332,165 | €269,595 | -€62,570 | -18.8% |
| Furniture and vehicles | 24 | €564,063 | €559,049 | -€5,014 | -0.9% |
| Current assets | 29/58 | €330,158 | €334,680 | +€4,523 | +1.4% |
| Stocks and contracts in progress | 3 | €10,778 | €16,424 | +€5,645 | +52.4% |
| Stocks | 30/36 | €10,778 | €16,424 | +€5,645 | +52.4% |
| Amounts receivable within one year | 40/41 | €260,822 | €280,367 | +€19,545 | +7.5% |
| Trade receivables | 40 | €251,850 | €280,367 | +€28,517 | +11.3% |
| Other amounts receivable | 41 | €8,971 | - | -€8,971 | |
| Cash at bank and in hand | 54/58 | €51,829 | €30,765 | -€21,063 | -40.6% |
| Deferred charges and accrued income | 490/1 | €6,729 | €7,124 | +€395 | +5.9% |
| Total equity and liabilities | 10/49 | €1,226,386 | €1,163,324 | -€63,062 | -5.1% |
| Equity | 10/15 | €600,923 | €642,556 | +€41,633 | +6.9% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €505,167 | €551,867 | +€46,700 | +9.2% |
| Tax-exempt reserves | 132 | €18,277 | €14,977 | -€3,300 | -18.1% |
| Distributable reserves | 133 | €486,890 | €536,890 | +€50,000 | +10.3% |
| Profit (loss) carried forward | 14 | €24,311 | €37,895 | +€13,585 | +55.9% |
| Investment grants | 15 | €52,545 | €33,894 | -€18,651 | -35.5% |
| Provisions and deferred taxes | 16 | €8,858 | €6,776 | -€2,082 | -23.5% |
| Deferred taxes | 168 | €8,858 | €6,776 | -€2,082 | -23.5% |
| Amounts payable | 17/49 | €616,605 | €513,991 | -€102,614 | -16.6% |
| Amounts payable after more than one year | 17 | €320,711 | €271,446 | -€49,264 | -15.4% |
| Financial debts | 170/4 | €120,711 | €71,446 | -€49,264 | -40.8% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €284,666 | €221,405 | -€63,261 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €48,398 | €49,264 | +€866 | +1.8% |
| Trade debts | 44 | €4,774 | €10,802 | +€6,028 | +126.3% |
| Suppliers | 440/4 | €4,774 | €10,802 | +€6,028 | +126.3% |
| Taxes, remuneration and social security | 45 | €33,882 | €36,849 | +€2,967 | +8.8% |
| Taxes | 450/3 | €9,836 | €11,316 | +€1,479 | +15.0% |
| Remuneration and social security | 454/9 | €24,045 | €25,533 | +€1,488 | +6.2% |
| Other amounts payable | 47/48 | €197,612 | €124,489 | -€73,123 | -37.0% |
| Accrued charges and deferred income | 492/3 | €11,228 | €21,140 | +€9,912 | +88.3% |
| Remuneration, social security and pensions | 62 | €176,342 | €136,704 | -€39,638 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,981 | €190,605 | +€11,624 | +6.5% |
| Other operating charges | 640/8 | €3,548 | €2,141 | -€1,406 | -39.6% |
| Gross operating margin | 9900 | €400,294 | €407,647 | +€7,354 | +1.8% |
| Operating profit (loss) | 9901 | €41,423 | €78,197 | +€36,774 | +88.8% |
| Financial income | 75/76B | €19,731 | €18,862 | -€869 | -4.4% |
| Recurring financial income | 75 | €19,731 | €18,862 | -€869 | -4.4% |
| Financial charges | 65/66B | €18,688 | €17,126 | -€1,563 | -8.4% |
| Recurring financial charges | 65 | €18,688 | €17,126 | -€1,563 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €42,466 | €79,934 | +€37,468 | +88.2% |
| Transfer from deferred taxes | 780 | €2,138 | €2,082 | -€57 | -2.7% |
| Income taxes | 67/77 | €7,997 | €21,731 | +€13,734 | +171.7% |
| Profit (loss) for the period | 9904 | €36,607 | €60,285 | +€23,677 | +64.7% |
| Transfer from tax-exempt reserves | 789 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,907 | €63,585 | +€23,677 | +59.3% |
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 4 October 2026 via checked.be.