AGRI-POWER: what changed
What changed
AGRI-POWER
NACE 01.410, Raising of dairy cattle
filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.4m+€314,893
Equity
€9.3m
2024 · €7.7m+€1.7m
Cash
€3.3m
2024 · €1.9m+€1.4m
Balance sheet total
€10.0m
2024 · €8.6m+€1.4m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+74.4%), from €1.9m to €3.3m
mainly Net result for the year (+€1.7m) and Current investments (+€1.0m)
- Current investments -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Tangible fixed assets +€621,155
up €621,155 (+14.7%), from €4.2m to €4.8m
of which Plant, machinery and equipment: +€378,896
- Receivables within one year +€208,173
up €208,173 (+51.6%), from €403,551 to €611,724
of which Trade receivables: +€201,896
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+21.9%), from €7.6m to €9.3m
of which Distributable reserves: +€1.7m
- Trade debts -€303,816
down €303,816 (-42.5%), from €714,265 to €410,448
Income statement
- Gross operating margin +€509,484
up €509,484 (+20.4%), from €2.5m to €3.0m
- Taxes +€140,095
up €140,095 (+26.5%), from €528,369 to €668,464
- Depreciation +€70,472
up €70,472 (+12.9%), from €544,286 to €614,758
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.4m
Gross operating margin
+€509,484
Staff costs
-€127
Depreciation
-€70,472
Other operating charges
-€3,587
Financial income
+€19,832
Financial charges
+€9
Taxes
-€140,095
Deferred taxes and other
-€152
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.7m
Investment
-€297,751
Financing
€0
Cash 2024
€1.9m
From operations (derived)
+€1.7m
Net result for the year
+€1.7m
Depreciation
+€614,758
Stocks and contracts
-€95,850
Receivables within one year
-€208,173
Deferred charges and accrued income
+€4,780
Provisions
-€5,551
Trade debts
-€303,816
Tax, wage and social debts
+€27,909
Accrued charges and deferred income
-€19,282
Investment (derived)
-€297,751
Investment in fixed assets (net)
-€1.3m
Current investments
+€1.0m
Cash 2025
€3.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,633,502 | €10,005,843 | +€1.4m | +15.9% |
| Fixed assets | 21/28 | €4,266,146 | €4,949,139 | +€682,993 | +16.0% |
| Intangible fixed assets | 21 | €25,523 | €24,008 | -€1,515 | -5.9% |
| Tangible fixed assets | 22/27 | €4,218,320 | €4,839,475 | +€621,155 | +14.7% |
| Land and buildings | 22 | €1,488,662 | €1,396,571 | -€92,090 | -6.2% |
| Plant, machinery and equipment | 23 | €949,867 | €1,328,763 | +€378,896 | +39.9% |
| Furniture and vehicles | 24 | €121,766 | €56,871 | -€64,895 | -53.3% |
| Other tangible fixed assets | 26 | €1,411,227 | €1,442,950 | +€31,724 | +2.2% |
| Assets under construction and advance payments | 27 | €246,800 | €614,321 | +€367,521 | +149% |
| Financial fixed assets | 28 | €22,302 | €85,655 | +€63,353 | +284% |
| Current assets | 29/58 | €4,367,356 | €5,056,705 | +€689,348 | +15.8% |
| Stocks and contracts in progress | 3 | €1,079,640 | €1,175,490 | +€95,850 | +8.9% |
| Stocks | 30/36 | €1,079,640 | €1,175,490 | +€95,850 | +8.9% |
| Amounts receivable within one year | 40/41 | €403,551 | €611,724 | +€208,173 | +51.6% |
| Trade receivables | 40 | €291,255 | €493,151 | +€201,896 | +69.3% |
| Other amounts receivable | 41 | €112,296 | €118,573 | +€6,277 | +5.6% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100% |
| Cash at bank and in hand | 54/58 | €1,867,499 | €3,257,605 | +€1.4m | +74.4% |
| Deferred charges and accrued income | 490/1 | €16,666 | €11,886 | -€4,780 | -28.7% |
| Total equity and liabilities | 10/49 | €8,633,502 | €10,005,843 | +€1.4m | +15.9% |
| Equity | 10/15 | €7,657,239 | €9,330,321 | +€1.7m | +21.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €7,644,739 | €9,317,821 | +€1.7m | +21.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €216,695 | €200,041 | -€16,654 | -7.7% |
| Distributable reserves | 133 | €7,428,044 | €9,117,780 | +€1.7m | +22.7% |
| Provisions and deferred taxes | 16 | €72,232 | €66,680 | -€5,551 | -7.7% |
| Deferred taxes | 168 | €72,232 | €66,680 | -€5,551 | -7.7% |
| Amounts payable | 17/49 | €904,031 | €608,842 | -€295,189 | -32.7% |
| Amounts payable within one year | 42/48 | €870,605 | €594,697 | -€275,908 | -31.7% |
| Trade debts | 44 | €714,265 | €410,448 | -€303,816 | -42.5% |
| Suppliers | 440/4 | €714,265 | €410,448 | -€303,816 | -42.5% |
| Taxes, remuneration and social security | 45 | €156,340 | €184,248 | +€27,909 | +17.9% |
| Taxes | 450/3 | €147,334 | €175,064 | +€27,730 | +18.8% |
| Remuneration and social security | 454/9 | €9,005 | €9,184 | +€179 | +2.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €33,427 | €14,145 | -€19,282 | -57.7% |
| Non-recurring operating income | 76A | - | €8,449 | +€8,449 | |
| Remuneration, social security and pensions | 62 | €67,633 | €67,760 | +€127 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €544,286 | €614,758 | +€70,472 | +12.9% |
| Other operating charges | 640/8 | €26,251 | €29,838 | +€3,587 | +13.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,495,162 | €3,004,646 | +€509,484 | +20.4% |
| Operating profit (loss) | 9901 | €1,856,992 | €2,292,290 | +€435,298 | +23.4% |
| Financial income | 75/76B | €23,988 | €43,820 | +€19,832 | +82.7% |
| Recurring financial income | 75 | €23,988 | €43,820 | +€19,832 | +82.7% |
| Financial charges | 65/66B | €125 | €116 | -€9 | -7.5% |
| Recurring financial charges | 65 | €125 | €116 | -€9 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €1,880,855 | €2,335,994 | +€455,140 | +24.2% |
| Transfer from deferred taxes | 780 | €5,703 | €5,551 | -€152 | -2.7% |
| Income taxes | 67/77 | €528,369 | €668,464 | +€140,095 | +26.5% |
| Profit (loss) for the period | 9904 | €1,358,189 | €1,673,082 | +€314,893 | +23.2% |
| Transfer from tax-exempt reserves | 789 | €17,110 | €16,654 | -€456 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,375,299 | €1,689,736 | +€314,437 | +22.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.