AGRIBAYART: 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.
AGRIBAYART
Largest movements
- Tangible fixed assets +€149,470
up €149,470 (+30.3%), from €493,560 to €643,029
of which Land and buildings: +€223,280
- Cash -€103,492
down €103,492 (-60.3%), from €171,708 to €68,216
mainly Investment in fixed assets (net) (-€226,850) and Receivables within one year (-€95,223)
- Receivables within one year +€95,223
up €95,223 (+144%), from €65,977 to €161,200
of which Trade receivables: +€102,054
- Debts after one year +€128,215
up €128,215 (+31.3%), from €409,145 to €537,359
- Profit (loss) carried forward +€33,801
up €33,801, from -€33,801 to €0
- Reserves -€17,891
down €17,891 (-13.8%), from €129,404 to €111,513
of which Tax-exempt reserves: -€11,250
- Gross operating margin -€102,387
down €102,387 (-48.9%), from €209,498 to €107,111
- Depreciation +€15,978
up €15,978 (+26.0%), from €61,552 to €77,530
- Financial charges +€2,669
up €2,669 (+21.2%), from €12,596 to €15,264
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 | €736,103 | €876,524 | +€140,422 | +19.1% |
| Fixed assets | 21/28 | €493,860 | €643,179 | +€149,320 | +30.2% |
| Tangible fixed assets | 22/27 | €493,560 | €643,029 | +€149,470 | +30.3% |
| Land and buildings | 22 | - | €223,280 | +€223,280 | |
| Plant, machinery and equipment | 23 | €122,082 | €106,986 | -€15,096 | -12.4% |
| Furniture and vehicles | 24 | €371,478 | €312,764 | -€58,714 | -15.8% |
| Financial fixed assets | 28 | €300 | €150 | -€150 | -50.0% |
| Current assets | 29/58 | €242,243 | €233,345 | -€8,898 | -3.7% |
| Stocks and contracts in progress | 3 | €986 | €853 | -€132 | -13.4% |
| Stocks | 30/36 | €986 | €853 | -€132 | -13.4% |
| Amounts receivable within one year | 40/41 | €65,977 | €161,200 | +€95,223 | +144% |
| Trade receivables | 40 | €59,146 | €161,200 | +€102,054 | +173% |
| Other amounts receivable | 41 | €6,831 | €0 | -€6,831 | -100% |
| Cash at bank and in hand | 54/58 | €171,708 | €68,216 | -€103,492 | -60.3% |
| Deferred charges and accrued income | 490/1 | €3,573 | €3,076 | -€498 | -13.9% |
| Total equity and liabilities | 10/49 | €736,103 | €876,524 | +€140,422 | +19.1% |
| Equity | 10/15 | €144,507 | €160,416 | +€15,909 | +11.0% |
| Contributions | 10/11 | €48,903 | €48,903 | = | 0.0% |
| Reserves | 13 | €129,404 | €111,513 | -€17,891 | -13.8% |
| Tax-exempt reserves | 132 | €86,837 | €75,587 | -€11,250 | -13.0% |
| Distributable reserves | 133 | €42,567 | €35,926 | -€6,641 | -15.6% |
| Profit (loss) carried forward | 14 | -€33,801 | €0 | +€33,801 | |
| Provisions and deferred taxes | 16 | €28,946 | €25,196 | -€3,750 | -13.0% |
| Deferred taxes | 168 | €28,946 | €25,196 | -€3,750 | -13.0% |
| Amounts payable | 17/49 | €562,651 | €690,913 | +€128,263 | +22.8% |
| Amounts payable after more than one year | 17 | €409,145 | €537,359 | +€128,215 | +31.3% |
| Financial debts | 170/4 | €409,145 | €537,359 | +€128,215 | +31.3% |
| Amounts payable within one year | 42/48 | €149,083 | €149,713 | +€630 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €98,785 | €98,785 | = | 0.0% |
| Trade debts | 44 | €6,625 | €1,303 | -€5,322 | -80.3% |
| Suppliers | 440/4 | €6,625 | €1,303 | -€5,322 | -80.3% |
| Taxes, remuneration and social security | 45 | €0 | €6,052 | +€6,052 | |
| Taxes | 450/3 | €0 | €6,052 | +€6,052 | |
| Other amounts payable | 47/48 | €43,673 | €43,573 | -€100 | -0.2% |
| Accrued charges and deferred income | 492/3 | €4,423 | €3,841 | -€582 | -13.2% |
| Non-recurring operating income | 76A | €120,125 | €9,200 | -€110,925 | -92.3% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,552 | €77,530 | +€15,978 | +26.0% |
| Other operating charges | 640/8 | €387 | €2,158 | +€1,771 | +457% |
| Gross operating margin | 9900 | €209,498 | €107,111 | -€102,387 | -48.9% |
| Operating profit (loss) | 9901 | €147,559 | €27,423 | -€120,135 | -81.4% |
| Financial charges | 65/66B | €12,596 | €15,264 | +€2,669 | +21.2% |
| Recurring financial charges | 65 | €12,596 | €15,264 | +€2,669 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €134,963 | €12,159 | -€122,804 | -91.0% |
| Transfer from deferred taxes | 780 | €1,086 | €3,750 | +€2,664 | +245% |
| Transfer to deferred taxes | 680 | €30,031 | €0 | -€30,031 | -100% |
| Profit (loss) for the period | 9904 | €106,018 | €15,909 | -€90,108 | -85.0% |
| Transfer from tax-exempt reserves | 789 | €3,257 | €11,250 | +€7,993 | +245% |
| Transfer to tax-exempt reserves | 689 | €90,094 | €0 | -€90,094 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €19,181 | €27,159 | +€7,978 | +41.6% |
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 28 October 2026 via checked.be.