AGRITOP: 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.
AGRITOP
Largest movements
- Receivables within one year +€54,976
up €54,976 (+36.0%), from €152,731 to €207,707
of which Trade receivables: +€64,058
- Tangible fixed assets -€52,019
down €52,019 (-10.2%), from €511,490 to €459,471
of which Land and buildings: -€51,511
- Reserves +€30,051
up €30,051 (+19.5%), from €153,935 to €183,986
of which Distributable reserves: +€34,601
- Trade debts +€22,488
up €22,488 (+585%), from €3,844 to €26,332
- Other debts -€18,887
down €18,887 (-10.0%), from €189,422 to €170,535
- Debts after one year -€17,500
down €17,500 (-16.7%), from €105,001 to €87,501
- Gross operating margin +€71,977
up €71,977 (+389%), from €18,507 to €90,484
- Depreciation -€4,416
down €4,416 (-7.8%), from €56,434 to €52,019
- Financial income +€3,598
up €3,598 (+302,375%), from €1 to €3,599
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €781,079 | €788,329 | +€7,250 | +0.9% |
| Fixed assets | 21/28 | €512,538 | €460,519 | -€52,019 | -10.1% |
| Tangible fixed assets | 22/27 | €511,490 | €459,471 | -€52,019 | -10.2% |
| Land and buildings | 22 | €508,997 | €457,486 | -€51,511 | -10.1% |
| Plant, machinery and equipment | 23 | €2,493 | €1,986 | -€507 | -20.3% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Financial fixed assets | 28 | €1,048 | €1,048 | = | 0.0% |
| Current assets | 29/58 | €268,541 | €327,809 | +€59,269 | +22.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,731 | €207,707 | +€54,976 | +36.0% |
| Trade receivables | 40 | €47,638 | €111,696 | +€64,058 | +134% |
| Other amounts receivable | 41 | €105,093 | €96,011 | -€9,083 | -8.6% |
| Cash at bank and in hand | 54/58 | €24,964 | €26,849 | +€1,884 | +7.5% |
| Deferred charges and accrued income | 490/1 | €89,845 | €92,254 | +€2,409 | +2.7% |
| Total equity and liabilities | 10/49 | €781,079 | €788,329 | +€7,250 | +0.9% |
| Equity | 10/15 | €439,252 | €469,303 | +€30,051 | +6.8% |
| Contributions | 10/11 | €285,317 | €285,317 | = | 0.0% |
| Reserves | 13 | €153,935 | €183,986 | +€30,051 | +19.5% |
| Tax-exempt reserves | 132 | €67,835 | €63,285 | -€4,550 | -6.7% |
| Distributable reserves | 133 | €86,100 | €120,701 | +€34,601 | +40.2% |
| Provisions and deferred taxes | 16 | €15,228 | €13,712 | -€1,517 | -10.0% |
| Deferred taxes | 168 | €15,228 | €13,712 | -€1,517 | -10.0% |
| Amounts payable | 17/49 | €326,598 | €305,314 | -€21,284 | -6.5% |
| Amounts payable after more than one year | 17 | €105,001 | €87,501 | -€17,500 | -16.7% |
| Financial debts | 170/4 | €105,001 | €87,501 | -€17,500 | -16.7% |
| Amounts payable within one year | 42/48 | €216,898 | €217,813 | +€915 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €18,958 | €17,500 | -€1,458 | -7.7% |
| Trade debts | 44 | €3,844 | €26,332 | +€22,488 | +585% |
| Suppliers | 440/4 | €3,844 | €26,332 | +€22,488 | +585% |
| Advances received on contracts in progress | 46 | €2,693 | €0 | -€2,693 | -100% |
| Taxes, remuneration and social security | 45 | €1,980 | €3,446 | +€1,466 | +74.0% |
| Taxes | 450/3 | €1,980 | €3,446 | +€1,466 | +74.0% |
| Other amounts payable | 47/48 | €189,422 | €170,535 | -€18,887 | -10.0% |
| Accrued charges and deferred income | 492/3 | €4,699 | €0 | -€4,699 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,434 | €52,019 | -€4,416 | -7.8% |
| Other operating charges | 640/8 | €7,092 | €7,199 | +€107 | +1.5% |
| Gross operating margin | 9900 | €18,507 | €90,484 | +€71,977 | +389% |
| Operating profit (loss) | 9901 | -€45,019 | €31,266 | +€76,285 | |
| Financial income | 75/76B | €1 | €3,599 | +€3,598 | +302,375% |
| Recurring financial income | 75 | €1 | €3,599 | +€3,598 | +302,375% |
| Financial charges | 65/66B | €5,752 | €6,331 | +€580 | +10.1% |
| Recurring financial charges | 65 | €5,752 | €6,331 | +€580 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,770 | €28,534 | +€79,304 | |
| Transfer from deferred taxes | 780 | €1,517 | €1,517 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period | 9904 | -€49,253 | €30,051 | +€79,304 | |
| Transfer from tax-exempt reserves | 789 | €4,550 | €4,550 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,704 | €34,601 | +€79,304 |
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 14 October 2026 via checked.be.