AGRICAP: 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.
AGRICAP
Largest movements
- Cash +€80,637
up €80,637 (+103.0%), from €78,303 to €158,940
mainly Receivables within one year (+€79,686) and Depreciation (+€37,433)
- Receivables within one year -€79,686
down €79,686 (-80.9%), from €98,500 to €18,814
of which Trade receivables: -€83,439
- Tangible fixed assets -€37,433
down €37,433 (-33.2%), from €112,852 to €75,419
of which Plant, machinery and equipment: -€31,385
- Deferred charges and accrued income +€4,658
up €4,658 (+105.3%), from €4,426 to €9,084
- Other debts -€16,448
down €16,448 (-31.9%), from €51,623 to €35,176
- Tax, wage and social debts -€8,920
down €8,920 (-87.7%), from €10,166 to €1,246
of which Remuneration and social security: -€9,190
- Profit (loss) carried forward -€7,378
new in 2025: -€7,378
- Gross operating margin -€58,015
down €58,015 (-45.1%), from €128,689 to €70,674
- Staff costs -€47,717
down €47,717 (-55.1%), from €86,578 to €38,861
- Depreciation -€7,030
down €7,030 (-15.8%), from €44,462 to €37,433
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.
Cash bridge derived
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 | €294,082 | €262,258 | -€31,824 | -10.8% |
| Fixed assets | 21/28 | €112,852 | €75,419 | -€37,433 | -33.2% |
| Tangible fixed assets | 22/27 | €112,852 | €75,419 | -€37,433 | -33.2% |
| Plant, machinery and equipment | 23 | €95,649 | €64,264 | -€31,385 | -32.8% |
| Furniture and vehicles | 24 | €17,203 | €11,155 | -€6,048 | -35.2% |
| Current assets | 29/58 | €181,230 | €186,838 | +€5,609 | +3.1% |
| Amounts receivable within one year | 40/41 | €98,500 | €18,814 | -€79,686 | -80.9% |
| Trade receivables | 40 | €98,149 | €14,710 | -€83,439 | -85.0% |
| Other amounts receivable | 41 | €351 | €4,104 | +€3,753 | +1069.5% |
| Cash at bank and in hand | 54/58 | €78,303 | €158,940 | +€80,637 | +103.0% |
| Deferred charges and accrued income | 490/1 | €4,426 | €9,084 | +€4,658 | +105.3% |
| Total equity and liabilities | 10/49 | €294,082 | €262,258 | -€31,824 | -10.8% |
| Equity | 10/15 | €221,183 | €212,749 | -€8,434 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,594 | €199,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,593 | €19,593 | = | 0.0% |
| Distributable reserves | 133 | €180,001 | €180,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,378 | -€7,378 | |
| Investment grants | 15 | €2,988 | €1,933 | -€1,055 | -35.3% |
| Amounts payable | 17/49 | €72,899 | €49,509 | -€23,391 | -32.1% |
| Amounts payable within one year | 42/48 | €72,899 | €49,509 | -€23,391 | -32.1% |
| Trade debts | 44 | €11,110 | €13,087 | +€1,977 | +17.8% |
| Suppliers | 440/4 | €11,110 | €13,087 | +€1,977 | +17.8% |
| Taxes, remuneration and social security | 45 | €10,166 | €1,246 | -€8,920 | -87.7% |
| Taxes | 450/3 | €210 | €480 | +€270 | +128.6% |
| Remuneration and social security | 454/9 | €9,956 | €766 | -€9,190 | -92.3% |
| Other amounts payable | 47/48 | €51,623 | €35,176 | -€16,448 | -31.9% |
| Non-recurring operating income | 76A | €673 | €21,500 | +€20,827 | +3096.6% |
| Remuneration, social security and pensions | 62 | €86,578 | €38,861 | -€47,717 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,462 | €37,433 | -€7,030 | -15.8% |
| Other operating charges | 640/8 | €2,245 | €1,842 | -€403 | -17.9% |
| Gross operating margin | 9900 | €128,689 | €70,674 | -€58,015 | -45.1% |
| Operating profit (loss) | 9901 | -€4,596 | -€7,463 | -€2,866 | -62.4% |
| Financial income | 75/76B | €1,992 | €1,568 | -€424 | -21.3% |
| Recurring financial income | 75 | €1,992 | €1,568 | -€424 | -21.3% |
| Financial charges | 65/66B | €1,210 | €1,214 | +€4 | +0.3% |
| Recurring financial charges | 65 | €1,210 | €1,214 | +€4 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,814 | -€7,108 | -€3,294 | -86.4% |
| Income taxes | 67/77 | €159 | €270 | +€111 | +69.4% |
| Profit (loss) for the period | 9904 | -€3,974 | -€7,378 | -€3,404 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,974 | -€7,378 | -€3,404 | -85.7% |
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 11 October 2026 via checked.be.