AGRO KERKOM: 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 KERKOM
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€3,313
2024 · €18,519-€21,832
Equity
€120,570
2024 · €123,883-€3,313
Cash
€71,628
2024 · €98,646-€27,018
Balance sheet total
€326,732
2024 · €331,099-€4,367
Largest movements
Assets
- Cash -€27,018
down €27,018 (-27.4%), from €98,646 to €71,628
mainly Investment in fixed assets (net) (-€49,251) and Receivables within one year (-€3,753)
- Tangible fixed assets +€21,066
up €21,066 (+9.8%), from €214,749 to €235,815
of which Plant, machinery and equipment: +€27,304
- Receivables within one year +€3,753
up €3,753 (+43.8%), from €8,566 to €12,319
of which Other amounts receivable: +€7,500
Equity and liabilities
- Trade debts +€3,831
up €3,831 (+35.2%), from €10,886 to €14,717
Income statement
- Staff costs +€15,966
up €15,966 (+311%), from €5,141 to €21,107
- Gross operating margin -€11,469
down €11,469 (-16.8%), from €68,190 to €56,721
- Taxes -€8,061
down €8,061 (-97.3%), from €8,283 to €222
- Other operating charges +€2,785
up €2,785 (+114%), from €2,436 to €5,221
- Financial charges -€1,044
down €1,044 (-13.8%), from €7,552 to €6,508
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.
Result 2024
€18,519
Gross operating margin
-€11,469
Staff costs
-€15,966
Depreciation
-€556
Other operating charges
-€2,785
Financial income
-€124
Financial charges
+€1,044
Taxes
+€8,061
Deferred taxes and other
-€37
Result 2025
-€3,313
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€25,189
Investment
-€48,998
Financing
-€3,209
Cash 2024
€98,646
From operations (derived)
+€25,189
Net result for the year
-€3,313
Depreciation
+€28,185
Stocks and contracts
+€419
Receivables within one year
-€3,753
Deferred charges and accrued income
+€1,496
Provisions
-€1,057
Trade debts
+€3,831
Tax, wage and social debts
-€1,601
Other debts
+€1,075
Accrued charges and deferred income
-€92
Investment (derived)
-€48,998
Investment in fixed assets (net)
-€49,251
Current investments
+€253
Financing
-€3,209
Debts after one year
-€2,986
Current portion of long-term debt
-€223
Cash 2025
€71,628
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €331,099 | €326,732 | -€4,367 | -1.3% |
| Fixed assets | 21/28 | €214,749 | €235,815 | +€21,066 | +9.8% |
| Tangible fixed assets | 22/27 | €214,749 | €235,815 | +€21,066 | +9.8% |
| Land and buildings | 22 | €126,617 | €126,617 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,619 | €29,924 | +€27,304 | +1,042% |
| Furniture and vehicles | 24 | €5,952 | €17,103 | +€11,151 | +187% |
| Leasing and similar rights | 25 | €60,349 | €44,893 | -€15,456 | -25.6% |
| Other tangible fixed assets | 26 | €19,212 | €17,278 | -€1,933 | -10.1% |
| Current assets | 29/58 | €116,350 | €90,916 | -€25,433 | -21.9% |
| Stocks and contracts in progress | 3 | €6,300 | €5,881 | -€419 | -6.6% |
| Stocks | 30/36 | €6,300 | €5,881 | -€419 | -6.6% |
| Amounts receivable within one year | 40/41 | €8,566 | €12,319 | +€3,753 | +43.8% |
| Trade receivables | 40 | €5,215 | €1,468 | -€3,747 | -71.9% |
| Other amounts receivable | 41 | €3,352 | €10,851 | +€7,500 | +224% |
| Current investments | 50/53 | €884 | €631 | -€253 | -28.6% |
| Cash at bank and in hand | 54/58 | €98,646 | €71,628 | -€27,018 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,953 | €458 | -€1,496 | -76.6% |
| Total equity and liabilities | 10/49 | €331,099 | €326,732 | -€4,367 | -1.3% |
| Equity | 10/15 | €123,883 | €120,570 | -€3,313 | -2.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €36,308 | €33,136 | -€3,172 | -8.7% |
| Tax-exempt reserves | 132 | €9,515 | €6,343 | -€3,172 | -33.3% |
| Distributable reserves | 133 | €26,793 | €26,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,576 | €47,434 | -€142 | -0.3% |
| Provisions and deferred taxes | 16 | €3,172 | €2,114 | -€1,057 | -33.3% |
| Deferred taxes | 168 | €3,172 | €2,114 | -€1,057 | -33.3% |
| Amounts payable | 17/49 | €204,044 | €204,047 | +€3 | 0.0% |
| Amounts payable after more than one year | 17 | €159,520 | €156,533 | -€2,986 | -1.9% |
| Financial debts | 170/4 | €114,520 | €111,533 | -€2,986 | -2.6% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,433 | €47,514 | +€3,081 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €19,919 | €19,696 | -€223 | -1.1% |
| Trade debts | 44 | €10,886 | €14,717 | +€3,831 | +35.2% |
| Suppliers | 440/4 | €10,886 | €14,717 | +€3,831 | +35.2% |
| Taxes, remuneration and social security | 45 | €4,897 | €3,296 | -€1,601 | -32.7% |
| Taxes | 450/3 | €4,653 | €2,155 | -€2,498 | -53.7% |
| Remuneration and social security | 454/9 | €244 | €1,141 | +€897 | +367% |
| Other amounts payable | 47/48 | €8,731 | €9,806 | +€1,075 | +12.3% |
| Accrued charges and deferred income | 492/3 | €92 | €0 | -€92 | -100% |
| Remuneration, social security and pensions | 62 | €5,141 | €21,107 | +€15,966 | +311% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,629 | €28,185 | +€556 | +2.0% |
| Other operating charges | 640/8 | €2,436 | €5,221 | +€2,785 | +114% |
| Gross operating margin | 9900 | €68,190 | €56,721 | -€11,469 | -16.8% |
| Operating profit (loss) | 9901 | €32,984 | €2,208 | -€30,776 | -93.3% |
| Financial income | 75/76B | €275 | €151 | -€124 | -45.0% |
| Recurring financial income | 75 | €275 | €151 | -€124 | -45.0% |
| Financial charges | 65/66B | €7,552 | €6,508 | -€1,044 | -13.8% |
| Recurring financial charges | 65 | €7,552 | €6,508 | -€1,044 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €25,707 | -€4,148 | -€29,855 | |
| Transfer from deferred taxes | 780 | €1,094 | €1,057 | -€37 | -3.4% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €8,283 | €222 | -€8,061 | -97.3% |
| Profit (loss) for the period | 9904 | €18,519 | -€3,313 | -€21,832 | |
| Transfer from tax-exempt reserves | 789 | €3,317 | €3,172 | -€145 | -4.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €21,836 | -€142 | -€21,977 |
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 31 October 2026 via checked.be.