agritav: 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.
What changed
agritav
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€66,648
2024 · -€4,438+€71,086
Equity
€2.0m
2024 · €2.0m+€68,664
Cash
€36,351
2024 · €47,987-€11,636
Balance sheet total
€2.5m
2024 · €2.4m+€45,295
Largest movements
Assets
- Receivables after one year +€90,000
new in 2025: €90,000
- Tangible fixed assets -€56,541
down €56,541 (-2.5%), from €2.2m to €2.2m
of which Land and buildings: -€52,246
- Current investments +€26,157
up €26,157 (+43.6%), from €60,000 to €86,157
Equity and liabilities
- Profit (loss) carried forward +€79,218
up €79,218 (+40.3%), from €196,763 to €275,981
- Debts after one year -€33,825
down €33,825 (-16.4%), from €206,756 to €172,931
Income statement
- Gross operating margin +€97,896
up €97,896 (+131.1%), from €74,669 to €172,565
- Other operating charges +€13,331
up €13,331 (+120.0%), from €11,114 to €24,445
- Taxes +€9,133
up €9,133 (+308.9%), from €2,957 to €12,090
- Financial income -€3,993
down €3,993 (-36.6%), from €10,909 to €6,916
of which Non-recurring financial income: -€2,800
- Financial charges +€2,160
up €2,160 (+30.8%), from €7,020 to €9,180
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
-€4,438
Gross operating margin
+€97,896
Depreciation
+€1,642
Other operating charges
-€13,331
Financial income
-€3,993
Financial charges
-€2,160
Taxes
-€9,133
Deferred taxes and other
+€166
Result 2025
€66,648
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.
From operations
+€62,270
Investment
-€42,031
Financing
-€31,875
Cash 2024
€47,987
From operations (derived)
+€62,270
Net result for the year
+€66,648
Depreciation
+€72,415
Receivables after one year
-€90,000
Stocks and contracts
+€3,275
Receivables within one year
-€591
Provisions
-€5,298
Trade debts
-€3,558
Tax, wage and social debts
+€12,764
Other debts
+€482
Accrued charges and deferred income
+€6,132
Investment (derived)
-€42,031
Investment in fixed assets (net)
-€15,874
Current investments
-€26,157
Financing
-€31,875
Debts after one year
-€33,825
Current portion of long-term debt
-€66
Contributions, distributions and other
+€2,016
Cash 2025
€36,351
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,430,399 | €2,475,694 | +€45,295 | +1.9% |
| Fixed assets | 21/28 | €2,250,407 | €2,193,866 | -€56,541 | -2.5% |
| Tangible fixed assets | 22/27 | €2,244,407 | €2,187,866 | -€56,541 | -2.5% |
| Land and buildings | 22 | €2,127,958 | €2,075,712 | -€52,246 | -2.5% |
| Plant, machinery and equipment | 23 | €61,121 | €72,763 | +€11,642 | +19.0% |
| Furniture and vehicles | 24 | €50,368 | €34,431 | -€15,937 | -31.6% |
| Other tangible fixed assets | 26 | €4,960 | €4,960 | +€0 | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €179,992 | €281,828 | +€101,836 | +56.6% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Stocks and contracts in progress | 3 | €57,656 | €54,381 | -€3,275 | -5.7% |
| Stocks | 30/36 | €57,656 | €54,381 | -€3,275 | -5.7% |
| Amounts receivable within one year | 40/41 | €14,349 | €14,940 | +€591 | +4.1% |
| Trade receivables | 40 | €7,788 | €7,714 | -€74 | -0.9% |
| Other amounts receivable | 41 | €6,561 | €7,225 | +€664 | +10.1% |
| Current investments | 50/53 | €60,000 | €86,157 | +€26,157 | +43.6% |
| Cash at bank and in hand | 54/58 | €47,987 | €36,351 | -€11,636 | -24.2% |
| Total equity and liabilities | 10/49 | €2,430,399 | €2,475,694 | +€45,295 | +1.9% |
| Equity | 10/15 | €1,978,550 | €2,047,214 | +€68,664 | +3.5% |
| Contributions | 10/11 | €1,362,170 | €1,362,170 | -€0 | 0.0% |
| Capital | 10 | €1,362,170 | €1,362,170 | -€0 | 0.0% |
| Issued capital | 100 | €1,362,170 | €1,362,170 | -€0 | 0.0% |
| Reserves | 13 | €403,724 | €391,154 | -€12,570 | -3.1% |
| Non-distributable reserves | 130/1 | €110,000 | €110,000 | = | 0.0% |
| Legal reserve | 130 | €110,000 | €110,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €293,724 | €281,154 | -€12,570 | -4.3% |
| Profit (loss) carried forward | 14 | €196,763 | €275,981 | +€79,218 | +40.3% |
| Investment grants | 15 | €15,893 | €17,909 | +€2,016 | +12.7% |
| Provisions and deferred taxes | 16 | €97,888 | €92,590 | -€5,298 | -5.4% |
| Deferred taxes | 168 | €97,888 | €92,590 | -€5,298 | -5.4% |
| Amounts payable | 17/49 | €353,961 | €335,890 | -€18,071 | -5.1% |
| Amounts payable after more than one year | 17 | €206,756 | €172,931 | -€33,825 | -16.4% |
| Financial debts | 170/4 | €206,756 | €172,931 | -€33,825 | -16.4% |
| Amounts payable within one year | 42/48 | €144,307 | €153,929 | +€9,622 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €33,891 | €33,825 | -€66 | -0.2% |
| Trade debts | 44 | €5,058 | €1,500 | -€3,558 | -70.3% |
| Suppliers | 440/4 | €5,058 | €1,500 | -€3,558 | -70.3% |
| Taxes, remuneration and social security | 45 | €195 | €12,959 | +€12,764 | +6545.6% |
| Taxes | 450/3 | €195 | €12,959 | +€12,764 | +6545.6% |
| Other amounts payable | 47/48 | €105,163 | €105,645 | +€482 | +0.5% |
| Accrued charges and deferred income | 492/3 | €2,898 | €9,030 | +€6,132 | +211.6% |
| Non-recurring operating income | 76A | - | €63,700 | +€63,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,057 | €72,415 | -€1,642 | -2.2% |
| Other operating charges | 640/8 | €11,114 | €24,445 | +€13,331 | +120.0% |
| Gross operating margin | 9900 | €74,669 | €172,565 | +€97,896 | +131.1% |
| Operating profit (loss) | 9901 | -€10,502 | €75,705 | +€86,207 | |
| Financial income | 75/76B | €10,909 | €6,916 | -€3,993 | -36.6% |
| Recurring financial income | 75 | €8,109 | €6,916 | -€1,193 | -14.7% |
| Non-recurring financial income | 76B | €2,800 | - | -€2,800 | |
| Financial charges | 65/66B | €7,020 | €9,180 | +€2,160 | +30.8% |
| Recurring financial charges | 65 | €7,020 | €9,180 | +€2,160 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,613 | €73,440 | +€80,053 | |
| Transfer from deferred taxes | 780 | €5,132 | €5,298 | +€166 | +3.2% |
| Income taxes | 67/77 | €2,957 | €12,090 | +€9,133 | +308.9% |
| Profit (loss) for the period | 9904 | -€4,438 | €66,648 | +€71,086 | |
| Transfer from tax-exempt reserves | 789 | €15,394 | €12,570 | -€2,824 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,956 | €79,218 | +€68,262 | +623.1% |
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 7 October 2026 via checked.be.