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Agro eco: 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

Agro eco

BE 0703.956.516
NACE 42.110, Construction of roads and motorways
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,528
2024 · -€71,098+€73,626
Equity
€44,130
2024 · €41,601+€2,528
Cash
€25,567
2024 · €32,311-€6,744
Balance sheet total
€73,373
2024 · €124,580-€51,207

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets -€59,501

    down €59,501 (-84.3%), from €70,591 to €11,090

    of which Plant, machinery and equipment: -€53,948

  • Receivables within one year +€17,191

    up €17,191 (+91.7%), from €18,744 to €35,935

    of which Trade receivables: +€15,326

  • Cash -€6,744

    down €6,744 (-20.9%), from €32,311 to €25,567

    mainly Other debts (-€50,836) and Receivables within one year (-€17,191)

  • Deferred charges and accrued income -€2,152

    down €2,152 (-73.4%), from €2,933 to €781

Equity and liabilities
  • Other debts -€50,836

    down €50,836 (-66.9%), from €75,960 to €25,124

  • Reserves +€2,528

    up €2,528 (+11.0%), from €23,001 to €25,530

  • Tax, wage and social debts -€2,083

    down €2,083 (-74.9%), from €2,782 to €699

Income statement
  • Gross operating margin +€52,776

    up €52,776, from -€41,196 to €11,580

  • Depreciation -€13,090

    down €13,090 (-74.6%), from €17,557 to €4,466

  • Other operating charges -€2,976

    down €2,976 (-60.0%), from €4,956 to €1,981

From the 2024 result to the 2025 result

effect on the 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 -€71,098
Gross operating margin +€52,776
Depreciation +€13,090
Other operating charges +€2,976
Other operating items +€4,995
Financial income -€168
Financial charges -€16
Taxes -€27
Result 2025 €2,528
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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 -€61,778
Investment +€55,034
Financing €0
Cash 2024 €32,311
Net result for the year +€2,528
Depreciation +€4,466
Receivables within one year -€17,191
Deferred charges and accrued income +€2,152
Trade debts -€816
Tax, wage and social debts -€2,083
Other debts -€50,836
Investment in fixed assets (net) +€55,034
Cash 2025 €25,567
brings cash intakes cash out
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €124,580 €73,373 -€51,207 -41.1%
Fixed assets 21/28 €70,591 €11,090 -€59,501 -84.3%
Tangible fixed assets 22/27 €70,591 €11,090 -€59,501 -84.3%
Plant, machinery and equipment 23 €65,038 €11,090 -€53,948 -82.9%
Furniture and vehicles 24 €5,553 €0 -€5,553 -100%
Current assets 29/58 €53,989 €62,282 +€8,294 +15.4%
Amounts receivable within one year 40/41 €18,744 €35,935 +€17,191 +91.7%
Trade receivables 40 €18,233 €33,559 +€15,326 +84.1%
Other amounts receivable 41 €511 €2,376 +€1,865 +365%
Cash at bank and in hand 54/58 €32,311 €25,567 -€6,744 -20.9%
Deferred charges and accrued income 490/1 €2,933 €781 -€2,152 -73.4%
Total equity and liabilities 10/49 €124,580 €73,373 -€51,207 -41.1%
Equity 10/15 €41,601 €44,130 +€2,528 +6.1%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €23,001 €25,530 +€2,528 +11.0%
Distributable reserves 133 €23,001 €25,530 +€2,528 +11.0%
Amounts payable 17/49 €82,978 €29,243 -€53,735 -64.8%
Amounts payable within one year 42/48 €82,978 €29,243 -€53,735 -64.8%
Trade debts 44 €4,236 €3,420 -€816 -19.3%
Suppliers 440/4 €4,236 €3,420 -€816 -19.3%
Taxes, remuneration and social security 45 €2,782 €699 -€2,083 -74.9%
Taxes 450/3 €2,782 €699 -€2,083 -74.9%
Other amounts payable 47/48 €75,960 €25,124 -€50,836 -66.9%
Non-recurring operating income 76A - €8,898 +€8,898
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,557 €4,466 -€13,090 -74.6%
Other operating charges 640/8 €4,956 €1,981 -€2,976 -60.0%
Non-recurring operating charges 66A €6,738 €1,743 -€4,995 -74.1%
Gross operating margin 9900 -€41,196 €11,580 +€52,776
Operating profit (loss) 9901 -€70,447 €3,390 +€73,837
Financial income 75/76B €197 €29 -€168 -85.3%
Recurring financial income 75 €197 €29 -€168 -85.3%
Financial charges 65/66B €254 €270 +€16 +6.3%
Recurring financial charges 65 €254 €270 +€16 +6.3%
Profit (loss) for the period before taxes 9903 -€70,504 €3,149 +€73,653
Income taxes 67/77 €594 €621 +€27 +4.6%
Profit (loss) for the period 9904 -€71,098 €2,528 +€73,626
Profit (loss) for the period to be appropriated 9905 -€71,098 €2,528 +€73,626

Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.