Agro Smet: 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 Smet
Largest movements
- Tangible fixed assets -€285,695
down €285,695 (-38.9%), from €734,445 to €448,750
of which Plant, machinery and equipment: -€149,103
- Receivables within one year -€56,490
down €56,490 (-19.8%), from €285,115 to €228,625
of which Other amounts receivable: -€76,143
- Debts after one year -€222,118
down €222,118 (-28.8%), from €772,382 to €550,264
- Profit (loss) carried forward -€200,962
down €200,962 (-602.1%), from -€33,376 to -€234,338
- Tax, wage and social debts +€116,598
new in 2024: €116,598
of which Taxes: +€104,798
- Current portion of long-term debt -€14,666
down €14,666 (-91.3%), from €16,063 to €1,397
- Gross operating margin -€203,586
down €203,586 (-59.1%), from €344,636 to €141,050
- Depreciation -€58,508
down €58,508 (-35.2%), from €166,213 to €107,705
- Financial charges -€8,148
down €8,148 (-53.1%), from €15,347 to €7,199
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,027,091 | €683,425 | -€343,666 | -33.5% |
| Fixed assets | 21/28 | €734,445 | €448,750 | -€285,695 | -38.9% |
| Tangible fixed assets | 22/27 | €734,445 | €448,750 | -€285,695 | -38.9% |
| Plant, machinery and equipment | 23 | €169,387 | €20,284 | -€149,103 | -88.0% |
| Furniture and vehicles | 24 | €317,030 | €237,988 | -€79,042 | -24.9% |
| Leasing and similar rights | 25 | €248,028 | €190,478 | -€57,550 | -23.2% |
| Current assets | 29/58 | €292,646 | €234,675 | -€57,971 | -19.8% |
| Amounts receivable within one year | 40/41 | €285,115 | €228,625 | -€56,490 | -19.8% |
| Trade receivables | 40 | €139,440 | €159,093 | +€19,653 | +14.1% |
| Other amounts receivable | 41 | €145,675 | €69,532 | -€76,143 | -52.3% |
| Cash at bank and in hand | 54/58 | - | €4,248 | +€4,248 | |
| Deferred charges and accrued income | 490/1 | €7,531 | €1,802 | -€5,729 | -76.1% |
| Total equity and liabilities | 10/49 | €1,027,091 | €683,425 | -€343,666 | -33.5% |
| Equity | 10/15 | €75,225 | -€134,451 | -€209,676 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,601 | €79,887 | -€8,714 | -9.8% |
| Non-distributable reserves | 130/1 | €1,583 | €1,583 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,583 | €1,583 | = | 0.0% |
| Distributable reserves | 133 | €87,018 | €78,304 | -€8,714 | -10.0% |
| Profit (loss) carried forward | 14 | -€33,376 | -€234,338 | -€200,962 | -602.1% |
| Amounts payable | 17/49 | €951,866 | €817,876 | -€133,990 | -14.1% |
| Amounts payable after more than one year | 17 | €772,382 | €550,264 | -€222,118 | -28.8% |
| Financial debts | 170/4 | €772,382 | €550,264 | -€222,118 | -28.8% |
| Amounts payable within one year | 42/48 | €176,852 | €267,612 | +€90,760 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €16,063 | €1,397 | -€14,666 | -91.3% |
| Financial debts | 43 | €245 | - | -€245 | |
| Credit institutions | 430/8 | €245 | - | -€245 | |
| Trade debts | 44 | €79,167 | €77,500 | -€1,667 | -2.1% |
| Suppliers | 440/4 | €79,167 | €77,500 | -€1,667 | -2.1% |
| Taxes, remuneration and social security | 45 | - | €116,598 | +€116,598 | |
| Taxes | 450/3 | - | €104,798 | +€104,798 | |
| Remuneration and social security | 454/9 | - | €11,800 | +€11,800 | |
| Other amounts payable | 47/48 | €81,377 | €72,117 | -€9,260 | -11.4% |
| Accrued charges and deferred income | 492/3 | €2,632 | - | -€2,632 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,213 | €107,705 | -€58,508 | -35.2% |
| Other operating charges | 640/8 | €9,575 | €8,411 | -€1,164 | -12.2% |
| Non-recurring operating charges | 66A | €13,249 | - | -€13,249 | |
| Gross operating margin | 9900 | €344,636 | €141,050 | -€203,586 | -59.1% |
| Operating profit (loss) | 9901 | €155,599 | €24,934 | -€130,665 | -84.0% |
| Financial charges | 65/66B | €15,347 | €7,199 | -€8,148 | -53.1% |
| Recurring financial charges | 65 | €15,347 | €7,199 | -€8,148 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €140,252 | €17,735 | -€122,517 | -87.4% |
| Profit (loss) for the period | 9904 | €140,252 | €17,735 | -€122,517 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,252 | €17,735 | -€122,517 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.