AGRIFER: 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
AGRIFER
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.4m-€1,836
Equity
€10.7m
2024 · €10.8m-€50,534
Cash
€2.4m
2024 · €3.0m-€605,000
Balance sheet total
€14.2m
2024 · €14.0m+€167,696
Largest movements
Assets
- Receivables within one year +€2.6m
up €2.6m (+73.8%), from €3.5m to €6.0m
of which Other amounts receivable: +€3.0m
- Current investments -€2.2m
down €2.2m (-80.5%), from €2.7m to €522,639
- Cash -€605,000
down €605,000 (-20.1%), from €3.0m to €2.4m
mainly Receivables within one year (-€2.6m) and Contributions, distributions and other (-€1.4m)
- Tangible fixed assets +€244,775
up €244,775 (+9.4%), from €2.6m to €2.9m
of which Furniture and vehicles: +€386,768
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€849,988
down €849,988 (-4.4%), from €19.2m to €18.4m
- Goods and materials -€508,416
down €508,416 (-3.7%), from €13.9m to €13.4m
of which Purchases: -€583,248
- Services and other goods -€366,191
down €366,191 (-19.3%), from €1.9m to €1.5m
- Staff costs +€195,793
up €195,793 (+14.1%), from €1.4m to €1.6m
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
€1.4m
Turnover
-€849,988
Other operating income
+€55,837
Goods and materials
+€508,416
Services and other goods
+€366,191
Staff costs
-€195,793
Depreciation
+€151,568
Write-downs
+€34,276
Other operating charges
-€8,351
Other operating items
+€2,430
Financial income
-€36,108
Financial charges
-€18,286
Taxes
-€12,029
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
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
-€874,295
Investment
+€1.5m
Financing
-€1.2m
Cash 2024
€3.0m
From operations (derived)
-€874,295
Net result for the year
+€1.4m
Depreciation
+€415,019
Stocks and contracts
-€101,871
Receivables within one year
-€2.6m
Deferred charges and accrued income
-€25,161
Trade debts
-€132,198
Tax, wage and social debts
+€58,028
Other debts
+€100,000
Investment (derived)
+€1.5m
Investment in fixed assets (net)
-€659,794
Current investments
+€2.2m
Financing
-€1.2m
Debts after one year
+€133,270
Current portion of long-term debt
+€59,129
Contributions, distributions and other
-€1.4m
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,005,677 | €14,173,373 | +€167,696 | +1.2% |
| Fixed assets | 21/28 | €2,620,751 | €2,865,526 | +€244,775 | +9.3% |
| Tangible fixed assets | 22/27 | €2,616,267 | €2,861,041 | +€244,775 | +9.4% |
| Land and buildings | 22 | €1,637,269 | €1,599,080 | -€38,189 | -2.3% |
| Plant, machinery and equipment | 23 | €525,388 | €421,585 | -€103,804 | -19.8% |
| Furniture and vehicles | 24 | €453,609 | €840,377 | +€386,768 | +85.3% |
| Financial fixed assets | 28 | €4,485 | €4,485 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,485 | €4,485 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,485 | €4,485 | = | 0.0% |
| Current assets | 29/58 | €11,384,926 | €11,307,847 | -€77,079 | -0.7% |
| Stocks and contracts in progress | 3 | €2,211,818 | €2,313,689 | +€101,871 | +4.6% |
| Stocks | 30/36 | €2,211,818 | €2,313,689 | +€101,871 | +4.6% |
| Goods purchased for resale | 34 | €2,211,818 | €2,313,689 | +€101,871 | +4.6% |
| Amounts receivable within one year | 40/41 | €3,474,968 | €6,039,160 | +€2.6m | +73.8% |
| Trade receivables | 40 | €2,328,474 | €1,850,126 | -€478,348 | -20.5% |
| Other amounts receivable | 41 | €1,146,494 | €4,189,034 | +€3.0m | +265% |
| Current investments | 50/53 | €2,685,940 | €522,639 | -€2.2m | -80.5% |
| Other investments | 51/53 | €2,685,940 | €522,639 | -€2.2m | -80.5% |
| Cash at bank and in hand | 54/58 | €3,005,116 | €2,400,115 | -€605,000 | -20.1% |
| Deferred charges and accrued income | 490/1 | €7,084 | €32,244 | +€25,161 | +355% |
| Total equity and liabilities | 10/49 | €14,005,677 | €14,173,373 | +€167,696 | +1.2% |
| Equity | 10/15 | €10,774,459 | €10,723,925 | -€50,534 | -0.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €4,216,502 | €4,216,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €4,198,702 | €4,198,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,467,504 | €6,443,583 | -€23,921 | -0.4% |
| Investment grants | 15 | €27,453 | €840 | -€26,613 | -96.9% |
| Amounts payable | 17/49 | €3,231,218 | €3,449,448 | +€218,230 | +6.8% |
| Amounts payable after more than one year | 17 | €854,060 | €987,331 | +€133,270 | +15.6% |
| Financial debts | 170/4 | €854,060 | €987,331 | +€133,270 | +15.6% |
| Credit institutions | 173 | €854,060 | €987,331 | +€133,270 | +15.6% |
| Amounts payable within one year | 42/48 | €2,375,734 | €2,460,694 | +€84,960 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €271,951 | €331,080 | +€59,129 | +21.7% |
| Trade debts | 44 | €449,073 | €316,875 | -€132,198 | -29.4% |
| Suppliers | 440/4 | €449,073 | €316,875 | -€132,198 | -29.4% |
| Taxes, remuneration and social security | 45 | €354,711 | €412,739 | +€58,028 | +16.4% |
| Taxes | 450/3 | €213,038 | €246,682 | +€33,644 | +15.8% |
| Remuneration and social security | 454/9 | €141,673 | €166,057 | +€24,385 | +17.2% |
| Other amounts payable | 47/48 | €1,300,000 | €1,400,000 | +€100,000 | +7.7% |
| Accrued charges and deferred income | 492/3 | €1,424 | €1,424 | = | 0.0% |
| Operating income | 70/76A | €19,393,346 | €18,596,413 | -€796,933 | -4.1% |
| Turnover | 70 | €19,238,798 | €18,388,811 | -€849,988 | -4.4% |
| Other operating income | 74 | €151,765 | €207,602 | +€55,837 | +36.8% |
| Non-recurring operating income | 76A | €2,783 | - | -€2,783 | |
| Operating charges | 60/66A | €17,856,768 | €16,995,247 | -€861,520 | -4.8% |
| Goods for resale, raw materials and consumables | 60 | €13,885,085 | €13,376,669 | -€508,416 | -3.7% |
| Purchases | 600/8 | €14,061,787 | €13,478,540 | -€583,248 | -4.1% |
| Change in stocks: decrease (increase) | 609 | -€176,702 | -€101,871 | +€74,831 | +42.3% |
| Services and other goods | 61 | €1,897,504 | €1,531,314 | -€366,191 | -19.3% |
| Remuneration, social security and pensions | 62 | €1,384,187 | €1,579,980 | +€195,793 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566,587 | €415,019 | -€151,568 | -26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,236 | €10,960 | -€34,276 | -75.8% |
| Other operating charges | 640/8 | €68,531 | €76,882 | +€8,351 | +12.2% |
| Non-recurring operating charges | 66A | €9,638 | €4,425 | -€5,213 | -54.1% |
| Operating profit (loss) | 9901 | €1,536,579 | €1,601,166 | +€64,587 | +4.2% |
| Financial income | 75/76B | €339,814 | €303,706 | -€36,108 | -10.6% |
| Recurring financial income | 75 | €339,814 | €303,706 | -€36,108 | -10.6% |
| Income from financial fixed assets | 750 | €75,335 | €66,382 | -€8,953 | -11.9% |
| Other financial income | 752/9 | €264,479 | €237,325 | -€27,155 | -10.3% |
| Financial charges | 65/66B | €27,827 | €46,113 | +€18,286 | +65.7% |
| Recurring financial charges | 65 | €27,827 | €46,113 | +€18,286 | +65.7% |
| Debt charges | 650 | €35,337 | €27,632 | -€7,705 | -21.8% |
| Other financial charges | 652/9 | -€7,510 | €18,481 | +€25,991 | |
| Profit (loss) for the period before taxes | 9903 | €1,848,566 | €1,858,759 | +€10,193 | +0.6% |
| Income taxes | 67/77 | €470,651 | €482,680 | +€12,029 | +2.6% |
| Taxes | 670/3 | €470,651 | €502,356 | +€31,705 | +6.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €19,675 | +€19,675 | |
| Profit (loss) for the period | 9904 | €1,377,915 | €1,376,079 | -€1,836 | -0.1% |
| Transfer from tax-exempt reserves | 789 | €442,050 | - | -€442,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,819,965 | €1,376,079 | -€443,886 | -24.4% |
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 21 October 2026 via checked.be.