AGRO-CEL: 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.
AGRO-CEL
Largest movements
- Cash -€31,306
down €31,306 (-96.4%), from €32,463 to €1,157
mainly Debts after one year (-€57,533) and Deferred charges and accrued income (-€29,303)
- Deferred charges and accrued income +€29,303
up €29,303 (+800.7%), from €3,659 to €32,962
- Tangible fixed assets -€24,600
down €24,600 (-21.8%), from €112,747 to €88,147
of which Furniture and vehicles: -€22,321
- Debts after one year -€57,533
down €57,533 (-22.6%), from €255,116 to €197,583
- Reserves +€23,668
up €23,668 (+10.1%), from €233,239 to €256,907
- Other debts +€8,326
up €8,326 (+10.0%), from €83,286 to €91,613
- Gross operating margin -€28,987
down €28,987 (-33.6%), from €86,226 to €57,239
- Depreciation +€15,616
up €15,616 (+173.8%), from €8,985 to €24,600
- Taxes -€9,519
down €9,519 (-39.9%), from €23,871 to €14,352
- Financial charges +€2,205
up €2,205 (+22.7%), from €9,702 to €11,907
- Other operating charges +€964
up €964 (+99.8%), from €966 to €1,930
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 | €662,179 | €639,393 | -€22,786 | -3.4% |
| Fixed assets | 21/28 | €612,747 | €588,147 | -€24,600 | -4.0% |
| Tangible fixed assets | 22/27 | €112,747 | €88,147 | -€24,600 | -21.8% |
| Plant, machinery and equipment | 23 | €1,801 | €533 | -€1,268 | -70.4% |
| Furniture and vehicles | 24 | €104,654 | €82,333 | -€22,321 | -21.3% |
| Other tangible fixed assets | 26 | €6,292 | €5,281 | -€1,011 | -16.1% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €49,432 | €51,246 | +€1,814 | +3.7% |
| Amounts receivable within one year | 40/41 | €13,310 | €17,127 | +€3,817 | +28.7% |
| Trade receivables | 40 | €13,310 | €13,310 | = | 0.0% |
| Other amounts receivable | 41 | - | €3,817 | +€3,817 | |
| Cash at bank and in hand | 54/58 | €32,463 | €1,157 | -€31,306 | -96.4% |
| Deferred charges and accrued income | 490/1 | €3,659 | €32,962 | +€29,303 | +800.7% |
| Total equity and liabilities | 10/49 | €662,179 | €639,393 | -€22,786 | -3.4% |
| Equity | 10/15 | €245,639 | €269,307 | +€23,668 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,239 | €256,907 | +€23,668 | +10.1% |
| Distributable reserves | 133 | €233,239 | €256,907 | +€23,668 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €416,540 | €370,086 | -€46,454 | -11.2% |
| Amounts payable after more than one year | 17 | €255,116 | €197,583 | -€57,533 | -22.6% |
| Financial debts | 170/4 | €255,116 | €197,583 | -€57,533 | -22.6% |
| Amounts payable within one year | 42/48 | €158,250 | €166,718 | +€8,468 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €56,401 | €57,533 | +€1,132 | +2.0% |
| Financial debts | 43 | €4,016 | €0 | -€4,016 | -100.0% |
| Credit institutions | 430/8 | €4,016 | €0 | -€4,016 | -100.0% |
| Trade debts | 44 | €1,339 | €3,658 | +€2,319 | +173.2% |
| Suppliers | 440/4 | €1,339 | €3,658 | +€2,319 | +173.2% |
| Taxes, remuneration and social security | 45 | €13,208 | €13,915 | +€707 | +5.4% |
| Taxes | 450/3 | €13,208 | €13,915 | +€707 | +5.4% |
| Other amounts payable | 47/48 | €83,286 | €91,613 | +€8,326 | +10.0% |
| Accrued charges and deferred income | 492/3 | €3,174 | €5,784 | +€2,611 | +82.3% |
| Non-recurring operating income | 76A | €26,500 | €0 | -€26,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,985 | €24,600 | +€15,616 | +173.8% |
| Other operating charges | 640/8 | €966 | €1,930 | +€964 | +99.8% |
| Gross operating margin | 9900 | €86,226 | €57,239 | -€28,987 | -33.6% |
| Operating profit (loss) | 9901 | €76,276 | €30,709 | -€45,567 | -59.7% |
| Financial income | 75/76B | €20,001 | €20,052 | +€51 | +0.3% |
| Recurring financial income | 75 | €20,001 | €20,052 | +€51 | +0.3% |
| Financial charges | 65/66B | €9,702 | €11,907 | +€2,205 | +22.7% |
| Recurring financial charges | 65 | €9,702 | €11,907 | +€2,205 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €86,574 | €38,853 | -€47,721 | -55.1% |
| Income taxes | 67/77 | €23,871 | €14,352 | -€9,519 | -39.9% |
| Profit (loss) for the period | 9904 | €62,703 | €24,501 | -€38,203 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,703 | €24,501 | -€38,203 | -60.9% |
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 3 October 2026 via checked.be.