AGRO HERENTHOUT: 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 HERENTHOUT
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+155%), from €961,703 to €2.5m
of which Land and buildings: +€1.5m
- Cash +€136,037
up €136,037 (+104%), from €131,216 to €267,253
mainly Debts after one year (+€1.1m) and Short-term financial debts (+€250,000)
- Receivables within one year +€117,354
up €117,354 (+31.5%), from €372,087 to €489,441
of which Trade receivables: +€108,469
- Stocks and contracts -€58,704
down €58,704 (-12.7%), from €462,513 to €403,808
- Debts after one year +€1.1m
up €1.1m (+129%), from €850,825 to €2.0m
- Short-term financial debts +€250,000
new in 2025: €250,000
- Trade debts +€130,165
up €130,165 (+44.2%), from €294,696 to €424,860
- Reserves +€110,646
up €110,646 (+18.6%), from €594,246 to €704,892
of which Distributable reserves: +€112,506
- Current portion of long-term debt +€107,978
up €107,978 (+82.2%), from €131,350 to €239,328
- Taxes -€56,275
down €56,275 (-83.2%), from €67,605 to €11,330
- Depreciation +€49,157
up €49,157 (+48.7%), from €100,908 to €150,065
- Financial charges +€37,545
up €37,545 (+160%), from €23,524 to €61,069
- Staff costs +€8,450
up €8,450 (+12.4%), from €68,359 to €76,809
- Gross operating margin -€4,843
down €4,843 (-1.2%), from €420,864 to €416,022
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 | €1,935,881 | €3,618,989 | +€1.7m | +86.9% |
| Fixed assets | 21/28 | €962,838 | €2,451,847 | +€1.5m | +155% |
| Tangible fixed assets | 22/27 | €961,703 | €2,450,712 | +€1.5m | +155% |
| Land and buildings | 22 | €816,472 | €2,287,512 | +€1.5m | +180% |
| Plant, machinery and equipment | 23 | €82,853 | €89,770 | +€6,918 | +8.3% |
| Furniture and vehicles | 24 | €19,138 | €41,757 | +€22,619 | +118% |
| Leasing and similar rights | 25 | €43,240 | €31,672 | -€11,568 | -26.8% |
| Financial fixed assets | 28 | €1,135 | €1,135 | = | 0.0% |
| Current assets | 29/58 | €973,043 | €1,167,143 | +€194,099 | +19.9% |
| Stocks and contracts in progress | 3 | €462,513 | €403,808 | -€58,704 | -12.7% |
| Stocks | 30/36 | €462,513 | €403,808 | -€58,704 | -12.7% |
| Amounts receivable within one year | 40/41 | €372,087 | €489,441 | +€117,354 | +31.5% |
| Trade receivables | 40 | €366,858 | €475,327 | +€108,469 | +29.6% |
| Other amounts receivable | 41 | €5,229 | €14,114 | +€8,885 | +170% |
| Cash at bank and in hand | 54/58 | €131,216 | €267,253 | +€136,037 | +104% |
| Deferred charges and accrued income | 490/1 | €7,228 | €6,640 | -€587 | -8.1% |
| Total equity and liabilities | 10/49 | €1,935,881 | €3,618,989 | +€1.7m | +86.9% |
| Equity | 10/15 | €612,846 | €723,492 | +€110,646 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €594,246 | €704,892 | +€110,646 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €573,786 | €686,292 | +€112,506 | +19.6% |
| Amounts payable | 17/49 | €1,323,035 | €2,895,498 | +€1.6m | +119% |
| Amounts payable after more than one year | 17 | €850,825 | €1,950,996 | +€1.1m | +129% |
| Financial debts | 170/4 | €850,825 | €1,950,996 | +€1.1m | +129% |
| Amounts payable within one year | 42/48 | €472,210 | €944,502 | +€472,292 | +100% |
| Current portion of amounts payable after more than one year | 42 | €131,350 | €239,328 | +€107,978 | +82.2% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €294,696 | €424,860 | +€130,165 | +44.2% |
| Suppliers | 440/4 | €294,696 | €424,860 | +€130,165 | +44.2% |
| Taxes, remuneration and social security | 45 | €43,975 | €27,466 | -€16,510 | -37.5% |
| Taxes | 450/3 | €31,973 | €14,586 | -€17,387 | -54.4% |
| Remuneration and social security | 454/9 | €12,003 | €12,880 | +€877 | +7.3% |
| Other amounts payable | 47/48 | €2,189 | €2,847 | +€659 | +30.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €68,359 | €76,809 | +€8,450 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,908 | €150,065 | +€49,157 | +48.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,155 | €8,600 | -€555 | -6.1% |
| Gross operating margin | 9900 | €420,864 | €416,022 | -€4,843 | -1.2% |
| Operating profit (loss) | 9901 | €242,443 | €180,548 | -€61,894 | -25.5% |
| Financial income | 75/76B | €3,146 | €2,496 | -€649 | -20.6% |
| Recurring financial income | 75 | €3,146 | €2,496 | -€649 | -20.6% |
| Financial charges | 65/66B | €23,524 | €61,069 | +€37,545 | +160% |
| Recurring financial charges | 65 | €23,524 | €61,069 | +€37,545 | +160% |
| Profit (loss) for the period before taxes | 9903 | €222,064 | €121,976 | -€100,088 | -45.1% |
| Income taxes | 67/77 | €67,605 | €11,330 | -€56,275 | -83.2% |
| Profit (loss) for the period | 9904 | €154,458 | €110,646 | -€43,813 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,458 | €110,646 | -€43,813 | -28.4% |
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 31 October 2026 via checked.be.