AGRICORSO: 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
AGRICORSO
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,295
2024 · €61,758-€29,463
Equity
€442,703
2024 · €435,408+€7,295
Cash
€54,398
2024 · €14,096+€40,302
Balance sheet total
€3.8m
2024 · €3.5m+€326,329
Largest movements
Assets
- Tangible fixed assets +€269,339
up €269,339 (+11.1%), from €2.4m to €2.7m
of which Leasing and similar rights: +€253,898
- Cash +€40,302
up €40,302 (+286%), from €14,096 to €54,398
mainly Depreciation (+€517,938) and Debts after one year (+€186,810)
Equity and liabilities
- Debts after one year +€186,810
up €186,810 (+9.1%), from €2.0m to €2.2m
- Trade debts +€117,602
up €117,602 (+25.9%), from €453,981 to €571,583
- Current portion of long-term debt +€94,890
up €94,890 (+23.0%), from €413,235 to €508,125
- Short-term financial debts -€43,595
no longer reported in 2025 (was €43,595)
Income statement
- Depreciation +€135,676
up €135,676 (+35.5%), from €382,262 to €517,938
- Gross operating margin +€119,024
up €119,024 (+23.1%), from €515,354 to €634,378
- Financial charges +€23,339
up €23,339 (+43.2%), from €53,968 to €77,306
- Taxes -€9,782
down €9,782 (-51.3%), from €19,072 to €9,290
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
€61,758
Gross operating margin
+€119,024
Depreciation
-€135,676
Other operating charges
+€217
Financial income
+€528
Financial charges
-€23,339
Taxes
+€9,782
Result 2025
€32,295
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
+€614,474
Investment
-€787,277
Financing
+€213,105
Cash 2024
€14,096
From operations (derived)
+€614,474
Net result for the year
+€32,295
Depreciation
+€517,938
Receivables within one year
-€11,386
Deferred charges and accrued income
-€5,302
Provisions
-€3,750
Trade debts
+€117,602
Tax, wage and social debts
-€6,992
Other debts
-€26,141
Accrued charges and deferred income
+€210
Investment (derived)
-€787,277
Investment in fixed assets (net)
-€787,277
Financing
+€213,105
Debts after one year
+€186,810
Current portion of long-term debt
+€94,890
Short-term financial debts
-€43,595
Contributions, distributions and other
-€25,000
Cash 2025
€54,398
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,498,808 | €3,825,136 | +€326,329 | +9.3% |
| Fixed assets | 21/28 | €2,426,965 | €2,696,304 | +€269,339 | +11.1% |
| Tangible fixed assets | 22/27 | €2,426,915 | €2,696,254 | +€269,339 | +11.1% |
| Plant, machinery and equipment | 23 | €848,289 | €877,780 | +€29,491 | +3.5% |
| Furniture and vehicles | 24 | €24,001 | €9,951 | -€14,050 | -58.5% |
| Leasing and similar rights | 25 | €1,554,626 | €1,808,524 | +€253,898 | +16.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,071,842 | €1,128,832 | +€56,990 | +5.3% |
| Stocks and contracts in progress | 3 | €2,317 | €2,317 | = | 0.0% |
| Stocks | 30/36 | €2,317 | €2,317 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,048,916 | €1,060,301 | +€11,386 | +1.1% |
| Trade receivables | 40 | €1,034,689 | €1,019,414 | -€15,275 | -1.5% |
| Other amounts receivable | 41 | €14,226 | €40,887 | +€26,661 | +187% |
| Cash at bank and in hand | 54/58 | €14,096 | €54,398 | +€40,302 | +286% |
| Deferred charges and accrued income | 490/1 | €6,514 | €11,816 | +€5,302 | +81.4% |
| Total equity and liabilities | 10/49 | €3,498,808 | €3,825,136 | +€326,329 | +9.3% |
| Equity | 10/15 | €435,408 | €442,703 | +€7,295 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €416,808 | €424,103 | +€7,295 | +1.8% |
| 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 | €63,492 | €52,242 | -€11,250 | -17.7% |
| Distributable reserves | 133 | €351,456 | €370,001 | +€18,545 | +5.3% |
| Investment grants | 15 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,164 | €17,414 | -€3,750 | -17.7% |
| Deferred taxes | 168 | €21,164 | €17,414 | -€3,750 | -17.7% |
| Amounts payable | 17/49 | €3,042,236 | €3,365,020 | +€322,784 | +10.6% |
| Amounts payable after more than one year | 17 | €2,044,540 | €2,231,349 | +€186,810 | +9.1% |
| Financial debts | 170/4 | €2,044,540 | €2,231,349 | +€186,810 | +9.1% |
| Amounts payable within one year | 42/48 | €997,307 | €1,133,070 | +€135,764 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €413,235 | €508,125 | +€94,890 | +23.0% |
| Financial debts | 43 | €43,595 | - | -€43,595 | |
| Credit institutions | 430/8 | €43,595 | - | -€43,595 | |
| Trade debts | 44 | €453,981 | €571,583 | +€117,602 | +25.9% |
| Suppliers | 440/4 | €453,981 | €571,583 | +€117,602 | +25.9% |
| Taxes, remuneration and social security | 45 | €35,354 | €28,362 | -€6,992 | -19.8% |
| Taxes | 450/3 | €35,354 | €28,362 | -€6,992 | -19.8% |
| Other amounts payable | 47/48 | €51,141 | €25,000 | -€26,141 | -51.1% |
| Accrued charges and deferred income | 492/3 | €390 | €600 | +€210 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,262 | €517,938 | +€135,676 | +35.5% |
| Other operating charges | 640/8 | €2,403 | €2,186 | -€217 | -9.0% |
| Gross operating margin | 9900 | €515,354 | €634,378 | +€119,024 | +23.1% |
| Operating profit (loss) | 9901 | €130,690 | €114,254 | -€16,436 | -12.6% |
| Financial income | 75/76B | €358 | €887 | +€528 | +147% |
| Recurring financial income | 75 | €358 | €887 | +€528 | +147% |
| Financial charges | 65/66B | €53,968 | €77,306 | +€23,339 | +43.2% |
| Recurring financial charges | 65 | €53,968 | €77,306 | +€23,339 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €77,080 | €37,834 | -€39,246 | -50.9% |
| Transfer from deferred taxes | 780 | €3,750 | €3,750 | = | 0.0% |
| Income taxes | 67/77 | €19,072 | €9,290 | -€9,782 | -51.3% |
| Profit (loss) for the period | 9904 | €61,758 | €32,295 | -€29,463 | -47.7% |
| Transfer from tax-exempt reserves | 789 | €11,250 | €11,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,008 | €43,545 | -€29,463 | -40.4% |
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 20 October 2026 via checked.be.