AGRIFEMA: 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
AGRIFEMA
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,988
2024 · €88,912-€156,900
Equity
€1.2m
2024 · €1.2m-€67,988
Cash
€21,827
2024 · €24,312-€2,486
Balance sheet total
€3.9m
2024 · €4.2m-€293,840
Largest movements
Assets
- Tangible fixed assets -€208,302
down €208,302 (-6.5%), from €3.2m to €3.0m
of which Leasing and similar rights: -€127,908
- Receivables within one year -€78,603
down €78,603 (-8.0%), from €979,769 to €901,167
of which Trade receivables: -€63,133
Equity and liabilities
- Debts after one year -€284,232
down €284,232 (-14.9%), from €1.9m to €1.6m
- Trade debts +€97,582
up €97,582 (+19.6%), from €497,504 to €595,086
- Reserves -€67,988
down €67,988 (-5.6%), from €1.2m to €1.1m
of which Distributable reserves: -€67,988
Income statement
- Gross operating margin -€288,801
down €288,801 (-35.9%), from €803,542 to €514,742
- Staff costs -€116,680
down €116,680 (-36.1%), from €323,640 to €206,960
- Taxes -€24,810
down €24,810 (-97.9%), from €25,352 to €542
- Other operating charges +€12,044
up €12,044 (+40.5%), from €29,773 to €41,817
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
€88,912
Gross operating margin
-€288,801
Staff costs
+€116,680
Depreciation
+€1,924
Other operating charges
-€12,044
Financial income
-€2,826
Financial charges
+€3,356
Taxes
+€24,810
Result 2025
-€67,988
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
+€361,119
Investment
-€43,777
Financing
-€319,828
Cash 2024
€24,312
From operations (derived)
+€361,119
Net result for the year
-€67,988
Depreciation
+€251,778
Stocks and contracts
-€4,270
Receivables within one year
+€78,603
Deferred charges and accrued income
+€9,020
Trade debts
+€97,582
Tax, wage and social debts
-€3,824
Other debts
+€218
Investment (derived)
-€43,777
Investment in fixed assets (net)
-€43,777
Financing
-€319,828
Debts after one year
-€284,232
Current portion of long-term debt
-€37,781
Short-term financial debts
+€2,186
Cash 2025
€21,827
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,240,606 | €3,946,766 | -€293,840 | -6.9% |
| Fixed assets | 21/28 | €3,193,850 | €2,985,848 | -€208,002 | -6.5% |
| Tangible fixed assets | 22/27 | €3,190,984 | €2,982,683 | -€208,302 | -6.5% |
| Land and buildings | 22 | €2,152,778 | €2,114,644 | -€38,134 | -1.8% |
| Plant, machinery and equipment | 23 | €263,238 | €215,543 | -€47,694 | -18.1% |
| Furniture and vehicles | 24 | €58,677 | €64,112 | +€5,435 | +9.3% |
| Leasing and similar rights | 25 | €715,293 | €587,385 | -€127,908 | -17.9% |
| Other tangible fixed assets | 26 | €999 | €999 | = | 0.0% |
| Financial fixed assets | 28 | €2,866 | €3,166 | +€300 | +10.5% |
| Current assets | 29/58 | €1,046,756 | €960,918 | -€85,838 | -8.2% |
| Stocks and contracts in progress | 3 | €30,750 | €35,020 | +€4,270 | +13.9% |
| Stocks | 30/36 | €30,750 | €35,020 | +€4,270 | +13.9% |
| Amounts receivable within one year | 40/41 | €979,769 | €901,167 | -€78,603 | -8.0% |
| Trade receivables | 40 | €885,725 | €822,592 | -€63,133 | -7.1% |
| Other amounts receivable | 41 | €94,044 | €78,574 | -€15,470 | -16.4% |
| Cash at bank and in hand | 54/58 | €24,312 | €21,827 | -€2,486 | -10.2% |
| Deferred charges and accrued income | 490/1 | €11,925 | €2,905 | -€9,020 | -75.6% |
| Total equity and liabilities | 10/49 | €4,240,606 | €3,946,766 | -€293,840 | -6.9% |
| Equity | 10/15 | €1,224,452 | €1,156,464 | -€67,988 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,205,852 | €1,137,864 | -€67,988 | -5.6% |
| 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 | €46,841 | €46,841 | = | 0.0% |
| Distributable reserves | 133 | €1,157,152 | €1,089,163 | -€67,988 | -5.9% |
| Amounts payable | 17/49 | €3,016,154 | €2,790,302 | -€225,852 | -7.5% |
| Amounts payable after more than one year | 17 | €1,909,246 | €1,625,014 | -€284,232 | -14.9% |
| Financial debts | 170/4 | €1,909,246 | €1,625,014 | -€284,232 | -14.9% |
| Amounts payable within one year | 42/48 | €1,106,908 | €1,165,289 | +€58,380 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €329,214 | €291,433 | -€37,781 | -11.5% |
| Financial debts | 43 | €217,760 | €219,946 | +€2,186 | +1.0% |
| Credit institutions | 430/8 | €17,760 | €19,946 | +€2,186 | +12.3% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €497,504 | €595,086 | +€97,582 | +19.6% |
| Suppliers | 440/4 | €497,504 | €595,086 | +€97,582 | +19.6% |
| Taxes, remuneration and social security | 45 | €32,093 | €28,269 | -€3,824 | -11.9% |
| Taxes | 450/3 | €10,895 | €7,325 | -€3,570 | -32.8% |
| Remuneration and social security | 454/9 | €21,198 | €20,945 | -€253 | -1.2% |
| Other amounts payable | 47/48 | €30,337 | €30,555 | +€218 | +0.7% |
| Remuneration, social security and pensions | 62 | €323,640 | €206,960 | -€116,680 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,703 | €251,778 | -€1,924 | -0.8% |
| Other operating charges | 640/8 | €29,773 | €41,817 | +€12,044 | +40.5% |
| Gross operating margin | 9900 | €803,542 | €514,742 | -€288,801 | -35.9% |
| Operating profit (loss) | 9901 | €196,426 | €14,187 | -€182,240 | -92.8% |
| Financial income | 75/76B | €3,000 | €174 | -€2,826 | -94.2% |
| Recurring financial income | 75 | €3,000 | €174 | -€2,826 | -94.2% |
| Financial charges | 65/66B | €85,162 | €81,807 | -€3,356 | -3.9% |
| Recurring financial charges | 65 | €85,162 | €81,807 | -€3,356 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €114,264 | -€67,446 | -€181,710 | |
| Income taxes | 67/77 | €25,352 | €542 | -€24,810 | -97.9% |
| Profit (loss) for the period | 9904 | €88,912 | -€67,988 | -€156,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,912 | -€67,988 | -€156,900 |
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 29 October 2026 via checked.be.