AGRO VANBESIEN: 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 VANBESIEN
Largest movements
- Tangible fixed assets -€283,507
down €283,507 (-20.8%), from €1.4m to €1.1m
of which Land and buildings: -€277,102
- Cash +€247,600
up €247,600 (+1,794%), from €13,798 to €261,398
mainly Investment in fixed assets (net) (+€236,187) and Net result for the year (+€223,498)
- Receivables within one year +€173,572
up €173,572 (+38.4%), from €451,753 to €625,324
of which Trade receivables: +€178,333
- Debts after one year -€367,666
down €367,666 (-46.4%), from €793,123 to €425,456
- Reserves +€223,498
up €223,498 (+46.7%), from €478,167 to €701,665
of which Tax-exempt reserves: +€201,393
- Other debts +€186,622
up €186,622 (+71.8%), from €259,848 to €446,470
- Provisions +€67,131
new in 2025: €67,131
- Accrued charges and deferred income +€37,014
up €37,014 (+71.6%), from €51,703 to €88,718
- Gross operating margin +€290,861
up €290,861 (+272%), from €106,783 to €397,644
- Other operating charges -€18,846
down €18,846 (-72.9%), from €25,861 to €7,015
- Financial charges -€15,634
down €15,634 (-26.5%), from €58,906 to €43,272
- Depreciation -€8,927
down €8,927 (-15.9%), from €56,246 to €47,319
- Taxes -€5,591
down €5,591 (-37.3%), from €15,000 to €9,409
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 | €1,923,144 | €2,059,462 | +€136,318 | +7.1% |
| Fixed assets | 21/28 | €1,453,592 | €1,170,086 | -€283,507 | -19.5% |
| Tangible fixed assets | 22/27 | €1,364,864 | €1,081,357 | -€283,507 | -20.8% |
| Land and buildings | 22 | €1,302,105 | €1,025,003 | -€277,102 | -21.3% |
| Plant, machinery and equipment | 23 | €43,446 | €40,103 | -€3,343 | -7.7% |
| Furniture and vehicles | 24 | €19,313 | €16,251 | -€3,062 | -15.9% |
| Financial fixed assets | 28 | €88,728 | €88,728 | = | 0.0% |
| Current assets | 29/58 | €469,552 | €889,376 | +€419,824 | +89.4% |
| Amounts receivable within one year | 40/41 | €451,753 | €625,324 | +€173,572 | +38.4% |
| Trade receivables | 40 | €275,868 | €454,201 | +€178,333 | +64.6% |
| Other amounts receivable | 41 | €175,885 | €171,124 | -€4,761 | -2.7% |
| Cash at bank and in hand | 54/58 | €13,798 | €261,398 | +€247,600 | +1,794% |
| Deferred charges and accrued income | 490/1 | €4,001 | €2,653 | -€1,347 | -33.7% |
| Total equity and liabilities | 10/49 | €1,923,144 | €2,059,462 | +€136,318 | +7.1% |
| Equity | 10/15 | €757,047 | €980,545 | +€223,498 | +29.5% |
| Contributions | 10/11 | €278,880 | €278,880 | = | 0.0% |
| Capital | 10 | €278,880 | €278,880 | = | 0.0% |
| Issued capital | 100 | €278,880 | €278,880 | = | 0.0% |
| Reserves | 13 | €478,167 | €701,665 | +€223,498 | +46.7% |
| Non-distributable reserves | 130/1 | €27,888 | €27,888 | = | 0.0% |
| Legal reserve | 130 | €27,888 | €27,888 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €201,393 | +€201,393 | |
| Distributable reserves | 133 | €450,279 | €472,384 | +€22,105 | +4.9% |
| Provisions and deferred taxes | 16 | - | €67,131 | +€67,131 | |
| Deferred taxes | 168 | - | €67,131 | +€67,131 | |
| Amounts payable | 17/49 | €1,166,096 | €1,011,785 | -€154,311 | -13.2% |
| Amounts payable after more than one year | 17 | €793,123 | €425,456 | -€367,666 | -46.4% |
| Financial debts | 170/4 | €793,123 | €425,456 | -€367,666 | -46.4% |
| Amounts payable within one year | 42/48 | €321,271 | €497,612 | +€176,341 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €50,167 | €42,666 | -€7,501 | -15.0% |
| Financial debts | 43 | €5,081 | €5,095 | +€14 | +0.3% |
| Credit institutions | 430/8 | €5,081 | €5,095 | +€14 | +0.3% |
| Trade debts | 44 | €3,882 | €3,381 | -€501 | -12.9% |
| Suppliers | 440/4 | €3,882 | €3,381 | -€501 | -12.9% |
| Taxes, remuneration and social security | 45 | €2,293 | €0 | -€2,293 | -100% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,293 | €0 | -€2,293 | -100% |
| Other amounts payable | 47/48 | €259,848 | €446,470 | +€186,622 | +71.8% |
| Accrued charges and deferred income | 492/3 | €51,703 | €88,718 | +€37,014 | +71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,246 | €47,319 | -€8,927 | -15.9% |
| Other operating charges | 640/8 | €25,861 | €7,015 | -€18,846 | -72.9% |
| Gross operating margin | 9900 | €106,783 | €397,644 | +€290,861 | +272% |
| Operating profit (loss) | 9901 | €24,676 | €343,310 | +€318,633 | +1,291% |
| Financial charges | 65/66B | €58,906 | €43,272 | -€15,634 | -26.5% |
| Recurring financial charges | 65 | €58,906 | €43,272 | -€15,634 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,229 | €300,038 | +€334,267 | |
| Transfer to deferred taxes | 680 | - | €67,131 | +€67,131 | |
| Income taxes | 67/77 | €15,000 | €9,409 | -€5,591 | -37.3% |
| Profit (loss) for the period | 9904 | -€49,229 | €223,498 | +€272,727 | |
| Transfer to tax-exempt reserves | 689 | - | €201,393 | +€201,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,229 | €22,105 | +€71,334 |
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 1 November 2026 via checked.be.