AGRI-VANCE: 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.
What changed
AGRI-VANCE
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€217,747
2024 · €286,233-€68,485
Equity
€1.7m
2024 · €1.8m-€22,253
Cash
€574,973
2024 · €692,120-€117,147
Balance sheet total
€2.4m
2024 · €2.5m-€118,981
Largest movements
Assets
- Cash -€117,147
down €117,147 (-16.9%), from €692,120 to €574,973
mainly Contributions, distributions and other (-€240,000) and Other debts (-€45,811)
- Tangible fixed assets -€35,031
down €35,031 (-5.6%), from €621,384 to €586,354
of which Land and buildings: -€22,474
Equity and liabilities
- Other debts -€45,811
down €45,811 (-15.4%), from €297,829 to €252,018
- Debts after one year -€37,533
down €37,533 (-14.9%), from €251,825 to €214,293
- Tax, wage and social debts -€25,081
down €25,081 (-32.2%), from €77,852 to €52,771
of which Taxes: -€26,908
Income statement
- Gross operating margin -€67,244
down €67,244 (-10.6%), from €636,618 to €569,374
- Staff costs +€37,096
up €37,096 (+23.5%), from €158,127 to €195,224
- Taxes -€23,859
down €23,859 (-23.8%), from €100,195 to €76,336
- Depreciation -€8,080
down €8,080 (-12.0%), from €67,225 to €59,145
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.
Result 2024
€286,233
Gross operating margin
-€67,244
Staff costs
-€37,096
Depreciation
+€8,080
Other operating charges
+€125
Financial income
-€60
Financial charges
+€3,851
Taxes
+€23,859
Result 2025
€217,747
raises the resultlowers the result
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.
From operations
+€158,893
Investment
-€24,114
Financing
-€251,926
Cash 2024
€692,120
From operations (derived)
+€158,893
Net result for the year
+€217,747
Depreciation
+€59,145
Stocks and contracts
-€18,444
Receivables within one year
+€9,878
Deferred charges and accrued income
-€24,630
Trade debts
-€13,576
Tax, wage and social debts
-€25,081
Smaller working-capital items
-€335
Other debts
-€45,811
Investment (derived)
-€24,114
Investment in fixed assets (net)
-€24,114
Financing
-€251,926
Debts after one year
-€37,533
Current portion of long-term debt
+€607
Short-term financial debts
+€25,000
Contributions, distributions and other
-€240,000
Cash 2025
€574,973
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,504,705 | €2,385,724 | -€118,981 | -4.8% |
| Fixed assets | 21/28 | €621,496 | €586,465 | -€35,031 | -5.6% |
| Tangible fixed assets | 22/27 | €621,384 | €586,354 | -€35,031 | -5.6% |
| Land and buildings | 22 | €603,248 | €580,774 | -€22,474 | -3.7% |
| Plant, machinery and equipment | 23 | €7,086 | €3,777 | -€3,309 | -46.7% |
| Furniture and vehicles | 24 | €11,050 | €1,803 | -€9,248 | -83.7% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €1,883,209 | €1,799,259 | -€83,950 | -4.5% |
| Stocks and contracts in progress | 3 | €1,030,215 | €1,048,659 | +€18,444 | +1.8% |
| Stocks | 30/36 | €1,030,215 | €1,048,659 | +€18,444 | +1.8% |
| Amounts receivable within one year | 40/41 | €107,804 | €97,926 | -€9,878 | -9.2% |
| Trade receivables | 40 | €83,572 | €88,850 | +€5,277 | +6.3% |
| Other amounts receivable | 41 | €24,232 | €9,077 | -€15,155 | -62.5% |
| Cash at bank and in hand | 54/58 | €692,120 | €574,973 | -€117,147 | -16.9% |
| Deferred charges and accrued income | 490/1 | €53,070 | €77,700 | +€24,630 | +46.4% |
| Total equity and liabilities | 10/49 | €2,504,705 | €2,385,724 | -€118,981 | -4.8% |
| Equity | 10/15 | €1,750,382 | €1,728,129 | -€22,253 | -1.3% |
| Contributions | 10/11 | €17,273 | €17,273 | = | 0.0% |
| Reserves | 13 | €1,731,785 | €1,710,785 | -€21,000 | -1.2% |
| Non-distributable reserves | 130/1 | €1,741 | €1,741 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,741 | €1,741 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,003 | €39,003 | = | 0.0% |
| Distributable reserves | 133 | €1,691,041 | €1,670,041 | -€21,000 | -1.2% |
| Profit (loss) carried forward | 14 | €1,324 | €71 | -€1,253 | -94.6% |
| Amounts payable | 17/49 | €754,323 | €657,595 | -€96,728 | -12.8% |
| Amounts payable after more than one year | 17 | €251,825 | €214,293 | -€37,533 | -14.9% |
| Financial debts | 170/4 | €251,825 | €214,293 | -€37,533 | -14.9% |
| Amounts payable within one year | 42/48 | €501,978 | €443,017 | -€58,961 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €36,926 | €37,533 | +€607 | +1.6% |
| Financial debts | 43 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Other loans | 439 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Trade debts | 44 | €39,272 | €25,696 | -€13,576 | -34.6% |
| Suppliers | 440/4 | €39,272 | €25,696 | -€13,576 | -34.6% |
| Advances received on contracts in progress | 46 | €100 | €0 | -€100 | -100% |
| Taxes, remuneration and social security | 45 | €77,852 | €52,771 | -€25,081 | -32.2% |
| Taxes | 450/3 | €54,533 | €27,625 | -€26,908 | -49.3% |
| Remuneration and social security | 454/9 | €23,318 | €25,145 | +€1,827 | +7.8% |
| Other amounts payable | 47/48 | €297,829 | €252,018 | -€45,811 | -15.4% |
| Accrued charges and deferred income | 492/3 | €519 | €285 | -€235 | -45.2% |
| Remuneration, social security and pensions | 62 | €158,127 | €195,224 | +€37,096 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,225 | €59,145 | -€8,080 | -12.0% |
| Other operating charges | 640/8 | €14,164 | €14,039 | -€125 | -0.9% |
| Gross operating margin | 9900 | €636,618 | €569,374 | -€67,244 | -10.6% |
| Operating profit (loss) | 9901 | €397,102 | €300,967 | -€96,135 | -24.2% |
| Financial income | 75/76B | €11,162 | €11,102 | -€60 | -0.5% |
| Recurring financial income | 75 | €11,162 | €11,102 | -€60 | -0.5% |
| Financial charges | 65/66B | €21,836 | €17,986 | -€3,851 | -17.6% |
| Recurring financial charges | 65 | €19,136 | €17,986 | -€1,151 | -6.0% |
| Non-recurring financial charges | 66B | €2,700 | €0 | -€2,700 | -100% |
| Profit (loss) for the period before taxes | 9903 | €386,428 | €294,084 | -€92,344 | -23.9% |
| Income taxes | 67/77 | €100,195 | €76,336 | -€23,859 | -23.8% |
| Profit (loss) for the period | 9904 | €286,233 | €217,747 | -€68,485 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €286,233 | €217,747 | -€68,485 | -23.9% |
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.