AGRI NARMONT: 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 NARMONT
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+136%), from €828,071 to €2.0m
- Tangible fixed assets -€188,765
down €188,765 (-15.5%), from €1.2m to €1.0m
of which Plant, machinery and equipment: -€114,980
- Cash -€109,576
down €109,576 (-69.1%), from €158,584 to €49,008
mainly Receivables within one year (-€1.1m) and Debts after one year (-€180,269)
- Stocks and contracts +€72,132
up €72,132 (+10.6%), from €677,484 to €749,616
- Current investments -€42,921
down €42,921 (-29.9%), from €143,345 to €100,424
- Short-term financial debts +€750,820
up €750,820 (+22,207%), from €3,381 to €754,201
- Reserves +€261,947
up €261,947 (+22.2%), from €1.2m to €1.4m
of which Distributable reserves: +€267,000
- Debts after one year -€180,269
down €180,269 (-40.9%), from €440,806 to €260,537
- Tax, wage and social debts +€41,595
up €41,595 (+18.1%), from €229,964 to €271,559
of which Taxes: +€32,061
- Gross operating margin +€49,947
up €49,947 (+4.8%), from €1.0m to €1.1m
- Financial charges +€21,245
up €21,245 (+39.6%), from €53,603 to €74,848
of which Financial charges: +€26,238
- Taxes +€19,562
up €19,562 (+15.2%), from €129,119 to €148,682
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 | €3,028,202 | €3,887,616 | +€859,413 | +28.4% |
| Fixed assets | 21/28 | €1,220,718 | €1,031,953 | -€188,765 | -15.5% |
| Tangible fixed assets | 22/27 | €1,220,718 | €1,031,953 | -€188,765 | -15.5% |
| Land and buildings | 22 | €940,140 | €889,451 | -€50,689 | -5.4% |
| Plant, machinery and equipment | 23 | €216,667 | €101,687 | -€114,980 | -53.1% |
| Furniture and vehicles | 24 | €63,911 | €40,815 | -€23,096 | -36.1% |
| Current assets | 29/58 | €1,807,484 | €2,855,663 | +€1.0m | +58.0% |
| Stocks and contracts in progress | 3 | €677,484 | €749,616 | +€72,132 | +10.6% |
| Stocks | 30/36 | €677,484 | €749,616 | +€72,132 | +10.6% |
| Amounts receivable within one year | 40/41 | €828,071 | €1,956,614 | +€1.1m | +136% |
| Trade receivables | 40 | €828,071 | €1,956,614 | +€1.1m | +136% |
| Current investments | 50/53 | €143,345 | €100,424 | -€42,921 | -29.9% |
| Cash at bank and in hand | 54/58 | €158,584 | €49,008 | -€109,576 | -69.1% |
| Total equity and liabilities | 10/49 | €3,028,202 | €3,887,616 | +€859,413 | +28.4% |
| Equity | 10/15 | €1,919,231 | €2,181,208 | +€261,977 | +13.7% |
| Contributions | 10/11 | €379,446 | €379,446 | = | 0.0% |
| Reserves | 13 | €1,182,028 | €1,443,975 | +€261,947 | +22.2% |
| Tax-exempt reserves | 132 | €23,871 | €18,819 | -€5,053 | -21.2% |
| Distributable reserves | 133 | €1,158,156 | €1,425,156 | +€267,000 | +23.1% |
| Profit (loss) carried forward | 14 | €357,757 | €357,787 | +€30 | 0.0% |
| Provisions and deferred taxes | 16 | €20,100 | €17,934 | -€2,165 | -10.8% |
| Deferred taxes | 168 | €20,100 | €17,934 | -€2,165 | -10.8% |
| Amounts payable | 17/49 | €1,088,872 | €1,688,473 | +€599,601 | +55.1% |
| Amounts payable after more than one year | 17 | €440,806 | €260,537 | -€180,269 | -40.9% |
| Financial debts | 170/4 | €440,806 | €260,537 | -€180,269 | -40.9% |
| Amounts payable within one year | 42/48 | €648,066 | €1,427,936 | +€779,870 | +120% |
| Current portion of amounts payable after more than one year | 42 | €180,269 | €180,269 | = | 0.0% |
| Financial debts | 43 | €3,381 | €754,201 | +€750,820 | +22,207% |
| Credit institutions | 430/8 | €3,381 | €754,201 | +€750,820 | +22,207% |
| Trade debts | 44 | €234,453 | €201,908 | -€32,545 | -13.9% |
| Suppliers | 440/4 | €234,453 | €201,908 | -€32,545 | -13.9% |
| Taxes, remuneration and social security | 45 | €229,964 | €271,559 | +€41,595 | +18.1% |
| Taxes | 450/3 | €182,754 | €214,815 | +€32,061 | +17.5% |
| Remuneration and social security | 454/9 | €47,210 | €56,744 | +€9,534 | +20.2% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €381,060 | €380,508 | -€553 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,994 | €190,865 | -€6,128 | -3.1% |
| Other operating charges | 640/8 | €11,378 | €11,659 | +€281 | +2.5% |
| Gross operating margin | 9900 | €1,036,426 | €1,086,372 | +€49,947 | +4.8% |
| Operating profit (loss) | 9901 | €446,993 | €503,340 | +€56,347 | +12.6% |
| Financial income | 75/76B | €2 | €1 | -€1 | -52.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -52.0% |
| Financial charges | 65/66B | €53,603 | €74,848 | +€21,245 | +39.6% |
| Recurring financial charges | 65 | €48,610 | €74,848 | +€26,238 | +54.0% |
| Non-recurring financial charges | 66B | €4,993 | - | -€4,993 | |
| Profit (loss) for the period before taxes | 9903 | €393,393 | €428,493 | +€35,101 | +8.9% |
| Transfer from deferred taxes | 780 | €2,263 | €2,165 | -€98 | -4.3% |
| Income taxes | 67/77 | €129,119 | €148,682 | +€19,562 | +15.2% |
| Profit (loss) for the period | 9904 | €266,536 | €281,977 | +€15,441 | +5.8% |
| Transfer from tax-exempt reserves | 789 | €5,280 | €5,053 | -€227 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €271,817 | €287,030 | +€15,213 | +5.6% |
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 17 October 2026 via checked.be.