AGRICO: 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.
AGRICO
Largest movements
- Cash +€49,881
up €49,881 (+76.2%), from €65,460 to €115,341
mainly Net result for the year (+€32,290) and Receivables within one year (+€24,385)
- Receivables within one year -€24,385
down €24,385 (-43.9%), from €55,522 to €31,137
of which Trade receivables: -€20,672
- Tangible fixed assets -€10,238
down €10,238 (-11.5%), from €88,752 to €78,514
- Reserves +€32,290
up €32,290 (+8.2%), from €395,169 to €427,459
of which Distributable reserves: +€32,290
- Debts after one year -€22,733
down €22,733 (-87.2%), from €26,067 to €3,333
- Trade debts -€16,376
down €16,376 (-97.3%), from €16,830 to €453
- Other debts +€13,666
up €13,666 (+2,327%), from €587 to €14,253
- Tax, wage and social debts +€8,912
up €8,912 (+184%), from €4,839 to €13,750
- Gross operating margin +€27,605
up €27,605 (+67.9%), from €40,669 to €68,273
- Taxes +€7,102
up €7,102 (+159%), from €4,473 to €11,575
- Depreciation +€4,146
up €4,146 (+22.8%), from €18,150 to €22,296
- Staff costs -€758
no longer reported in 2025 (was €758)
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 | €466,674 | €482,432 | +€15,758 | +3.4% |
| Fixed assets | 21/28 | €88,752 | €78,514 | -€10,238 | -11.5% |
| Tangible fixed assets | 22/27 | €88,752 | €78,514 | -€10,238 | -11.5% |
| Land and buildings | 22 | €28,432 | €25,263 | -€3,168 | -11.1% |
| Plant, machinery and equipment | 23 | €43,397 | €40,167 | -€3,230 | -7.4% |
| Furniture and vehicles | 24 | €16,924 | €13,084 | -€3,840 | -22.7% |
| Current assets | 29/58 | €377,922 | €403,918 | +€25,996 | +6.9% |
| Stocks and contracts in progress | 3 | €49,940 | €49,940 | = | 0.0% |
| Stocks | 30/36 | €49,940 | €49,940 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,522 | €31,137 | -€24,385 | -43.9% |
| Trade receivables | 40 | €44,894 | €24,222 | -€20,672 | -46.0% |
| Other amounts receivable | 41 | €10,628 | €6,916 | -€3,713 | -34.9% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,460 | €115,341 | +€49,881 | +76.2% |
| Deferred charges and accrued income | 490/1 | €7,000 | €7,500 | +€500 | +7.1% |
| Total equity and liabilities | 10/49 | €466,674 | €482,432 | +€15,758 | +3.4% |
| Equity | 10/15 | €413,769 | €446,059 | +€32,290 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €395,169 | €427,459 | +€32,290 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €383,809 | €416,099 | +€32,290 | +8.4% |
| Amounts payable | 17/49 | €52,905 | €36,373 | -€16,532 | -31.2% |
| Amounts payable after more than one year | 17 | €26,067 | €3,333 | -€22,733 | -87.2% |
| Financial debts | 170/4 | €26,067 | €3,333 | -€22,733 | -87.2% |
| Amounts payable within one year | 42/48 | €25,589 | €31,790 | +€6,201 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | €3,333 | = | 0.0% |
| Trade debts | 44 | €16,830 | €453 | -€16,376 | -97.3% |
| Suppliers | 440/4 | €16,830 | €453 | -€16,376 | -97.3% |
| Taxes, remuneration and social security | 45 | €4,839 | €13,750 | +€8,912 | +184% |
| Taxes | 450/3 | €4,839 | €13,750 | +€8,912 | +184% |
| Other amounts payable | 47/48 | €587 | €14,253 | +€13,666 | +2,327% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | €7,983 | €6,730 | -€1,253 | -15.7% |
| Remuneration, social security and pensions | 62 | €758 | - | -€758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,150 | €22,296 | +€4,146 | +22.8% |
| Other operating charges | 640/8 | €1,779 | €1,808 | +€28 | +1.6% |
| Gross operating margin | 9900 | €40,669 | €68,273 | +€27,605 | +67.9% |
| Operating profit (loss) | 9901 | €19,981 | €44,169 | +€24,189 | +121% |
| Financial income | 75/76B | €256 | €310 | +€55 | +21.4% |
| Recurring financial income | 75 | €256 | €310 | +€55 | +21.4% |
| Financial charges | 65/66B | €758 | €615 | -€144 | -18.9% |
| Recurring financial charges | 65 | €758 | €615 | -€144 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €19,478 | €43,865 | +€24,387 | +125% |
| Income taxes | 67/77 | €4,473 | €11,575 | +€7,102 | +159% |
| Profit (loss) for the period | 9904 | €15,005 | €32,290 | +€17,286 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €15,005 | €32,290 | +€17,286 | +115% |
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 23 October 2026 via checked.be.