AGRO KERKHOVE: what changed
AGRO KERKHOVE
Largest movements
- Tangible fixed assets +€743,007
up €743,007 (+246%), from €301,889 to €1.0m
of which Land and buildings: +€893,195
- Cash -€85,783
down €85,783 (-44.6%), from €192,473 to €106,690
mainly Investment in fixed assets (net) (-€934,649) and Trade debts (-€324,092)
- Intangible fixed assets -€60,000
down €60,000 (-25.0%), from €240,066 to €180,066
- Stocks and contracts +€50,500
up €50,500 (+8.7%), from €582,983 to €633,483
- Contributions +€904,000
up €904,000 (+904%), from €100,000 to €1.0m
- Trade debts -€324,092
down €324,092 (-31.6%), from €1.0m to €702,522
- Reserves +€76,325
up €76,325 (+35.7%), from €213,591 to €289,916
- Gross operating margin -€156,247
down €156,247 (-29.5%), from €529,563 to €373,316
- Taxes -€71,115
down €71,115 (-71.3%), from €99,676 to €28,561
- Depreciation +€41,977
up €41,977 (+20.0%), from €209,665 to €251,642
- Other operating charges +€9,451
up €9,451 (+143%), from €6,591 to €16,042
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,340,204 | €1,999,786 | +€659,582 | +49.2% |
| Fixed assets | 21/28 | €541,955 | €1,224,962 | +€683,007 | +126% |
| Intangible fixed assets | 21 | €240,066 | €180,066 | -€60,000 | -25.0% |
| Tangible fixed assets | 22/27 | €301,889 | €1,044,896 | +€743,007 | +246% |
| Land and buildings | 22 | - | €893,195 | +€893,195 | |
| Plant, machinery and equipment | 23 | €58,232 | €29,484 | -€28,748 | -49.4% |
| Furniture and vehicles | 24 | €243,657 | €122,218 | -€121,440 | -49.8% |
| Current assets | 29/58 | €798,250 | €774,824 | -€23,425 | -2.9% |
| Stocks and contracts in progress | 3 | €582,983 | €633,483 | +€50,500 | +8.7% |
| Stocks | 30/36 | €582,983 | €633,483 | +€50,500 | +8.7% |
| Amounts receivable within one year | 40/41 | €22,794 | €32,804 | +€10,010 | +43.9% |
| Trade receivables | 40 | - | €32,328 | +€32,328 | |
| Other amounts receivable | 41 | €22,794 | €476 | -€22,318 | -97.9% |
| Cash at bank and in hand | 54/58 | €192,473 | €106,690 | -€85,783 | -44.6% |
| Deferred charges and accrued income | 490/1 | - | €1,847 | +€1,847 | |
| Total equity and liabilities | 10/49 | €1,340,204 | €1,999,786 | +€659,582 | +49.2% |
| Equity | 10/15 | €313,591 | €1,293,916 | +€980,325 | +313% |
| Contributions | 10/11 | €100,000 | €1,004,000 | +€904,000 | +904% |
| Reserves | 13 | €213,591 | €289,916 | +€76,325 | +35.7% |
| Distributable reserves | 133 | €213,591 | €289,916 | +€76,325 | +35.7% |
| Amounts payable | 17/49 | €1,026,613 | €705,871 | -€320,743 | -31.2% |
| Amounts payable within one year | 42/48 | €1,026,613 | €705,871 | -€320,743 | -31.2% |
| Trade debts | 44 | €1,026,613 | €702,522 | -€324,092 | -31.6% |
| Suppliers | 440/4 | €1,026,613 | €702,522 | -€324,092 | -31.6% |
| Taxes, remuneration and social security | 45 | - | €2,241 | +€2,241 | |
| Taxes | 450/3 | - | €2,241 | +€2,241 | |
| Other amounts payable | 47/48 | - | €1,108 | +€1,108 | |
| Remuneration, social security and pensions | 62 | - | €715 | +€715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,665 | €251,642 | +€41,977 | +20.0% |
| Other operating charges | 640/8 | €6,591 | €16,042 | +€9,451 | +143% |
| Gross operating margin | 9900 | €529,563 | €373,316 | -€156,247 | -29.5% |
| Operating profit (loss) | 9901 | €313,308 | €104,917 | -€208,391 | -66.5% |
| Financial income | 75/76B | €9 | €32 | +€24 | +268% |
| Recurring financial income | 75 | €9 | €32 | +€24 | +268% |
| Financial charges | 65/66B | €50 | €63 | +€14 | +27.2% |
| Recurring financial charges | 65 | €50 | €63 | +€14 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €313,267 | €104,886 | -€208,381 | -66.5% |
| Income taxes | 67/77 | €99,676 | €28,561 | -€71,115 | -71.3% |
| Profit (loss) for the period | 9904 | €213,591 | €76,325 | -€137,266 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €213,591 | €76,325 | -€137,266 | -64.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.