Agriconstruct: what changed
Two fiscal 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.
Agriconstruct
Largest movements
- Receivables within one year +€372,621
up €372,621 (+107.3%), from €347,321 to €719,942
of which Trade receivables: +€366,602
- Cash +€98,660
up €98,660 (+73.1%), from €134,900 to €233,561
mainly Trade debts (+€416,864) and Depreciation (+€148,415)
- Tangible fixed assets +€95,167
up €95,167 (+21.9%), from €433,664 to €528,831
of which Furniture and vehicles: +€200,365
- Stocks and contracts +€70,912
up €70,912 (+134.5%), from €52,705 to €123,617
- Trade debts +€416,864
up €416,864 (+261.6%), from €159,362 to €576,226
- Advances received +€95,000
up €95,000 (+118.8%), from €80,000 to €175,000
- Debts after one year +€90,612
up €90,612 (+86.1%), from €105,190 to €195,802
- Reserves +€43,435
up €43,435 (+26.8%), from €161,860 to €205,295
of which Distributable reserves: +€43,435
- Staff costs +€72,715
up €72,715 (+66.9%), from €108,692 to €181,407
- Gross operating margin +€56,783
up €56,783 (+15.4%), from €368,179 to €424,962
- Depreciation -€16,567
down €16,567 (-10.0%), from €164,982 to €148,415
- Other operating charges +€16,457
up €16,457 (+131.4%), from €12,522 to €28,978
- Taxes -€4,300
down €4,300 (-21.4%), from €20,091 to €15,791
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 | €978,058 | €1,609,349 | +€631,290 | +64.5% |
| Fixed assets | 21/28 | €434,645 | €529,812 | +€95,167 | +21.9% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €433,664 | €528,831 | +€95,167 | +21.9% |
| Land and buildings | 22 | €15,498 | €12,082 | -€3,416 | -22.0% |
| Plant, machinery and equipment | 23 | €163,070 | €108,640 | -€54,431 | -33.4% |
| Furniture and vehicles | 24 | €148,857 | €349,221 | +€200,365 | +134.6% |
| Leasing and similar rights | 25 | €106,239 | €58,887 | -€47,352 | -44.6% |
| Financial fixed assets | 28 | €980 | €980 | = | 0.0% |
| Current assets | 29/58 | €543,413 | €1,079,537 | +€536,124 | +98.7% |
| Stocks and contracts in progress | 3 | €52,705 | €123,617 | +€70,912 | +134.5% |
| Stocks | 30/36 | €52,705 | €123,617 | +€70,912 | +134.5% |
| Amounts receivable within one year | 40/41 | €347,321 | €719,942 | +€372,621 | +107.3% |
| Trade receivables | 40 | €271,400 | €638,002 | +€366,602 | +135.1% |
| Other amounts receivable | 41 | €75,921 | €81,940 | +€6,020 | +7.9% |
| Cash at bank and in hand | 54/58 | €134,900 | €233,561 | +€98,660 | +73.1% |
| Deferred charges and accrued income | 490/1 | €8,486 | €2,416 | -€6,070 | -71.5% |
| Total equity and liabilities | 10/49 | €978,058 | €1,609,349 | +€631,290 | +64.5% |
| Equity | 10/15 | €513,395 | €555,843 | +€42,449 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €161,860 | €205,295 | +€43,435 | +26.8% |
| 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 | €73,000 | €73,000 | = | 0.0% |
| Distributable reserves | 133 | €87,000 | €130,435 | +€43,435 | +49.9% |
| Profit (loss) carried forward | 14 | €329,938 | €329,928 | -€10 | 0.0% |
| Investment grants | 15 | €2,996 | €2,020 | -€976 | -32.6% |
| Amounts payable | 17/49 | €464,664 | €1,053,505 | +€588,842 | +126.7% |
| Amounts payable after more than one year | 17 | €105,190 | €195,802 | +€90,612 | +86.1% |
| Financial debts | 170/4 | €105,190 | €195,802 | +€90,612 | +86.1% |
| Amounts payable within one year | 42/48 | €359,474 | €857,704 | +€498,230 | +138.6% |
| Current portion of amounts payable after more than one year | 42 | €76,146 | €78,055 | +€1,909 | +2.5% |
| Trade debts | 44 | €159,362 | €576,226 | +€416,864 | +261.6% |
| Suppliers | 440/4 | €159,362 | €576,226 | +€416,864 | +261.6% |
| Advances received on contracts in progress | 46 | €80,000 | €175,000 | +€95,000 | +118.8% |
| Taxes, remuneration and social security | 45 | €36,124 | €25,372 | -€10,752 | -29.8% |
| Taxes | 450/3 | €12,411 | €2,200 | -€10,211 | -82.3% |
| Remuneration and social security | 454/9 | €23,713 | €23,172 | -€541 | -2.3% |
| Other amounts payable | 47/48 | €7,843 | €3,051 | -€4,791 | -61.1% |
| Remuneration, social security and pensions | 62 | €108,692 | €181,407 | +€72,715 | +66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,982 | €148,415 | -€16,567 | -10.0% |
| Other operating charges | 640/8 | €12,522 | €28,978 | +€16,457 | +131.4% |
| Gross operating margin | 9900 | €368,179 | €424,962 | +€56,783 | +15.4% |
| Operating profit (loss) | 9901 | €81,983 | €66,162 | -€15,822 | -19.3% |
| Financial income | 75/76B | €1,343 | €995 | -€348 | -25.9% |
| Recurring financial income | 75 | €1,343 | €995 | -€348 | -25.9% |
| Financial charges | 65/66B | €7,668 | €7,941 | +€273 | +3.6% |
| Recurring financial charges | 65 | €7,668 | €7,941 | +€273 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €75,658 | €59,216 | -€16,442 | -21.7% |
| Income taxes | 67/77 | €20,091 | €15,791 | -€4,300 | -21.4% |
| Profit (loss) for the period | 9904 | €55,567 | €43,425 | -€12,142 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,567 | €43,425 | -€12,142 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.