AGRO-FORE: 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.
AGRO-FORE
Largest movements
- Receivables within one year +€135,917
up €135,917 (+109%), from €125,232 to €261,150
of which Trade receivables: +€139,415
- Stocks and contracts -€46,393
down €46,393 (-9.5%), from €490,857 to €444,464
- Profit (loss) carried forward +€44,450
up €44,450 (+19.8%), from €224,690 to €269,140
- Other debts -€34,344
down €34,344 (-3.6%), from €945,830 to €911,486
- Gross operating margin +€137,259
up €137,259 (+55.5%), from €247,420 to €384,679
- Depreciation -€33,718
down €33,718 (-22.0%), from €153,501 to €119,783
- Staff costs +€30,574
up €30,574 (+20.6%), from €148,232 to €178,806
- Financial income -€13,266
down €13,266 (-98.8%), from €13,433 to €167
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 | €3,177,748 | €3,211,078 | +€33,330 | +1.0% |
| Fixed assets | 21/28 | €2,499,664 | €2,471,979 | -€27,686 | -1.1% |
| Tangible fixed assets | 22/27 | €2,498,799 | €2,471,114 | -€27,686 | -1.1% |
| Land and buildings | 22 | €2,416,897 | €2,419,319 | +€2,422 | +0.1% |
| Plant, machinery and equipment | 23 | €70,942 | €44,424 | -€26,518 | -37.4% |
| Furniture and vehicles | 24 | €10,961 | €7,371 | -€3,590 | -32.8% |
| Financial fixed assets | 28 | €865 | €865 | = | 0.0% |
| Current assets | 29/58 | €678,084 | €739,100 | +€61,016 | +9.0% |
| Stocks and contracts in progress | 3 | €490,857 | €444,464 | -€46,393 | -9.5% |
| Stocks | 30/36 | €490,857 | €444,464 | -€46,393 | -9.5% |
| Amounts receivable within one year | 40/41 | €125,232 | €261,150 | +€135,917 | +109% |
| Trade receivables | 40 | €119,468 | €258,884 | +€139,415 | +117% |
| Other amounts receivable | 41 | €5,764 | €2,266 | -€3,498 | -60.7% |
| Cash at bank and in hand | 54/58 | €61,109 | €32,600 | -€28,508 | -46.7% |
| Deferred charges and accrued income | 490/1 | €886 | €886 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,177,748 | €3,211,078 | +€33,330 | +1.0% |
| Equity | 10/15 | €2,209,916 | €2,256,705 | +€46,790 | +2.1% |
| Contributions | 10/11 | €1,912,248 | €1,912,248 | = | 0.0% |
| Capital | 10 | €1,912,248 | €1,912,248 | = | 0.0% |
| Issued capital | 100 | €1,912,248 | €1,912,248 | = | 0.0% |
| Reserves | 13 | €72,978 | €75,317 | +€2,339 | +3.2% |
| Non-distributable reserves | 130/1 | €66,161 | €68,500 | +€2,339 | +3.5% |
| Legal reserve | 130 | €66,161 | €68,500 | +€2,339 | +3.5% |
| Distributable reserves | 133 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,690 | €269,140 | +€44,450 | +19.8% |
| Amounts payable | 17/49 | €967,833 | €954,373 | -€13,459 | -1.4% |
| Amounts payable within one year | 42/48 | €967,833 | €954,373 | -€13,459 | -1.4% |
| Trade debts | 44 | €6,065 | €24,824 | +€18,759 | +309% |
| Suppliers | 440/4 | €6,065 | €24,824 | +€18,759 | +309% |
| Taxes, remuneration and social security | 45 | €15,937 | €18,063 | +€2,126 | +13.3% |
| Taxes | 450/3 | €2,591 | €4,716 | +€2,126 | +82.1% |
| Remuneration and social security | 454/9 | €13,347 | €13,347 | = | 0.0% |
| Other amounts payable | 47/48 | €945,830 | €911,486 | -€34,344 | -3.6% |
| Remuneration, social security and pensions | 62 | €148,232 | €178,806 | +€30,574 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,501 | €119,783 | -€33,718 | -22.0% |
| Other operating charges | 640/8 | €22,596 | €24,759 | +€2,163 | +9.6% |
| Gross operating margin | 9900 | €247,420 | €384,679 | +€137,259 | +55.5% |
| Operating profit (loss) | 9901 | -€76,908 | €61,332 | +€138,240 | |
| Financial income | 75/76B | €13,433 | €167 | -€13,266 | -98.8% |
| Recurring financial income | 75 | €13,433 | €167 | -€13,266 | -98.8% |
| Financial charges | 65/66B | €15,179 | €14,709 | -€470 | -3.1% |
| Recurring financial charges | 65 | €15,179 | €14,709 | -€470 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,654 | €46,790 | +€125,444 | |
| Profit (loss) for the period | 9904 | -€78,654 | €46,790 | +€125,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,654 | €46,790 | +€125,444 |
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 17 October 2026 via checked.be.