AGRITECH: 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.
AGRITECH
Largest movements
- Tangible fixed assets +€199,509
up €199,509 (+51.6%), from €386,794 to €586,304
of which Furniture and vehicles: +€110,515
- Cash +€15,670
up €15,670 (+104.6%), from €14,985 to €30,655
mainly Debts after one year (+€134,569) and Depreciation (+€87,587)
- Receivables within one year +€10,810
up €10,810 (+50.7%), from €21,342 to €32,152
of which Trade receivables: +€15,400
- Debts after one year +€134,569
up €134,569 (+137.2%), from €98,069 to €232,638
- Reserves +€59,117
up €59,117 (+38.4%), from €154,100 to €213,217
of which Distributable reserves: +€39,488
- Current portion of long-term debt +€28,576
up €28,576 (+97.9%), from €29,202 to €57,777
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Other debts +€18,438
up €18,438 (+18.3%), from €100,502 to €118,940
- Gross operating margin +€66,020
up €66,020 (+59.6%), from €110,810 to €176,829
- Depreciation +€28,283
up €28,283 (+47.7%), from €59,304 to €87,587
- Taxes -€4,888
down €4,888 (-41.0%), from €11,911 to €7,023
- Financial income -€2,821
down €2,821 (-100.0%), from €2,822 to €1
of which Non-recurring financial income: -€2,790
- Financial charges +€2,331
up €2,331 (+19.3%), from €12,048 to €14,379
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 | €429,051 | €655,025 | +€225,974 | +52.7% |
| Fixed assets | 21/28 | €386,794 | €586,304 | +€199,509 | +51.6% |
| Tangible fixed assets | 22/27 | €386,794 | €586,304 | +€199,509 | +51.6% |
| Land and buildings | 22 | €279,270 | €268,478 | -€10,792 | -3.9% |
| Plant, machinery and equipment | 23 | €46,402 | €146,188 | +€99,787 | +215.1% |
| Furniture and vehicles | 24 | €61,123 | €171,638 | +€110,515 | +180.8% |
| Current assets | 29/58 | €42,257 | €68,721 | +€26,464 | +62.6% |
| Stocks and contracts in progress | 3 | €3,210 | €2,675 | -€535 | -16.7% |
| Stocks | 30/36 | €3,210 | €2,675 | -€535 | -16.7% |
| Amounts receivable within one year | 40/41 | €21,342 | €32,152 | +€10,810 | +50.7% |
| Trade receivables | 40 | €16,753 | €32,152 | +€15,400 | +91.9% |
| Other amounts receivable | 41 | €4,590 | - | -€4,590 | |
| Cash at bank and in hand | 54/58 | €14,985 | €30,655 | +€15,670 | +104.6% |
| Deferred charges and accrued income | 490/1 | €2,720 | €3,239 | +€519 | +19.1% |
| Total equity and liabilities | 10/49 | €429,051 | €655,025 | +€225,974 | +52.7% |
| Equity | 10/15 | €160,300 | €219,417 | +€59,117 | +36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,100 | €213,217 | +€59,117 | +38.4% |
| Tax-exempt reserves | 132 | - | €19,629 | +€19,629 | |
| Distributable reserves | 133 | €154,100 | €193,588 | +€39,488 | +25.6% |
| Provisions and deferred taxes | 16 | - | €6,543 | +€6,543 | |
| Deferred taxes | 168 | - | €6,543 | +€6,543 | |
| Amounts payable | 17/49 | €268,751 | €429,064 | +€160,313 | +59.7% |
| Amounts payable after more than one year | 17 | €98,069 | €232,638 | +€134,569 | +137.2% |
| Financial debts | 170/4 | €98,069 | €232,638 | +€134,569 | +137.2% |
| Amounts payable within one year | 42/48 | €170,682 | €196,426 | +€25,745 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €29,202 | €57,777 | +€28,576 | +97.9% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €14,270 | €16,378 | +€2,108 | +14.8% |
| Suppliers | 440/4 | €14,270 | €16,378 | +€2,108 | +14.8% |
| Taxes, remuneration and social security | 45 | €1,707 | €3,330 | +€1,623 | +95.1% |
| Taxes | 450/3 | €1,707 | €3,330 | +€1,623 | +95.1% |
| Other amounts payable | 47/48 | €100,502 | €118,940 | +€18,438 | +18.3% |
| Non-recurring operating income | 76A | €90,681 | €28,393 | -€62,287 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,304 | €87,587 | +€28,283 | +47.7% |
| Other operating charges | 640/8 | €1,295 | €1,348 | +€53 | +4.1% |
| Non-recurring operating charges | 66A | €2,089 | - | -€2,089 | |
| Gross operating margin | 9900 | €110,810 | €176,829 | +€66,020 | +59.6% |
| Operating profit (loss) | 9901 | €48,122 | €87,895 | +€39,773 | +82.7% |
| Financial income | 75/76B | €2,822 | €1 | -€2,821 | -100.0% |
| Recurring financial income | 75 | €32 | €1 | -€31 | -98.0% |
| Non-recurring financial income | 76B | €2,790 | - | -€2,790 | |
| Financial charges | 65/66B | €12,048 | €14,379 | +€2,331 | +19.3% |
| Recurring financial charges | 65 | €12,048 | €14,379 | +€2,331 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €38,895 | €73,516 | +€34,621 | +89.0% |
| Transfer from deferred taxes | 780 | - | €555 | +€555 | |
| Transfer to deferred taxes | 680 | - | €7,098 | +€7,098 | |
| Income taxes | 67/77 | €11,911 | €7,023 | -€4,888 | -41.0% |
| Profit (loss) for the period | 9904 | €26,985 | €59,950 | +€32,965 | +122.2% |
| Transfer from tax-exempt reserves | 789 | - | €1,666 | +€1,666 | |
| Transfer to tax-exempt reserves | 689 | - | €21,295 | +€21,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,985 | €40,321 | +€13,336 | +49.4% |
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 1 October 2026 via checked.be.