AGRO VERSCHELDE: 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 VERSCHELDE
Largest movements
- Tangible fixed assets +€967,470
up €967,470 (+22.2%), from €4.4m to €5.3m
of which Land and buildings: +€762,147
- Receivables within one year +€450,822
up €450,822 (+160%), from €280,924 to €731,746
of which Other amounts receivable: +€352,091
- Cash +€232,891
up €232,891 (+90.1%), from €258,604 to €491,495
mainly Debts after one year (+€844,145) and Net result for the year (+€747,479)
- Debts after one year +€844,145
up €844,145 (+29.5%), from €2.9m to €3.7m
- Profit (loss) carried forward +€447,479
up €447,479 (+59.0%), from €758,002 to €1.2m
- Reserves +€300,000
up €300,000 (+50.0%), from €600,000 to €900,000
- Tax, wage and social debts +€97,003
up €97,003 (+72.8%), from €133,272 to €230,275
- Gross operating margin +€626,321
up €626,321 (+69.9%), from €896,346 to €1.5m
- Depreciation +€147,685
up €147,685 (+55.8%), from €264,895 to €412,580
- Taxes +€98,966
up €98,966 (+75.4%), from €131,308 to €230,275
- Financial charges +€48,272
up €48,272 (+61.7%), from €78,218 to €126,489
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 | €5,549,628 | €7,254,441 | +€1.7m | +30.7% |
| Fixed assets | 21/28 | €4,365,952 | €5,329,440 | +€963,488 | +22.1% |
| Intangible fixed assets | 21 | €12,939 | €8,957 | -€3,982 | -30.8% |
| Tangible fixed assets | 22/27 | €4,353,013 | €5,320,483 | +€967,470 | +22.2% |
| Land and buildings | 22 | €2,698,462 | €3,460,609 | +€762,147 | +28.2% |
| Plant, machinery and equipment | 23 | €1,654,551 | €1,859,874 | +€205,323 | +12.4% |
| Current assets | 29/58 | €1,183,676 | €1,925,001 | +€741,326 | +62.6% |
| Stocks and contracts in progress | 3 | €644,148 | €701,761 | +€57,613 | +8.9% |
| Stocks | 30/36 | €644,148 | €701,761 | +€57,613 | +8.9% |
| Amounts receivable within one year | 40/41 | €280,924 | €731,746 | +€450,822 | +160% |
| Trade receivables | 40 | €235,869 | €334,600 | +€98,731 | +41.9% |
| Other amounts receivable | 41 | €45,055 | €397,146 | +€352,091 | +781% |
| Cash at bank and in hand | 54/58 | €258,604 | €491,495 | +€232,891 | +90.1% |
| Total equity and liabilities | 10/49 | €5,549,628 | €7,254,441 | +€1.7m | +30.7% |
| Equity | 10/15 | €1,861,002 | €2,608,481 | +€747,479 | +40.2% |
| Contributions | 10/11 | €503,000 | €503,000 | = | 0.0% |
| Reserves | 13 | €600,000 | €900,000 | +€300,000 | +50.0% |
| Distributable reserves | 133 | €600,000 | €900,000 | +€300,000 | +50.0% |
| Profit (loss) carried forward | 14 | €758,002 | €1,205,481 | +€447,479 | +59.0% |
| Amounts payable | 17/49 | €3,688,626 | €4,645,960 | +€957,334 | +26.0% |
| Amounts payable after more than one year | 17 | €2,858,416 | €3,702,561 | +€844,145 | +29.5% |
| Financial debts | 170/4 | €2,858,416 | €3,702,561 | +€844,145 | +29.5% |
| Amounts payable within one year | 42/48 | €830,210 | €940,787 | +€110,577 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €318,784 | €375,990 | +€57,206 | +17.9% |
| Trade debts | 44 | €378,154 | €334,522 | -€43,632 | -11.5% |
| Suppliers | 440/4 | €378,154 | €334,522 | -€43,632 | -11.5% |
| Taxes, remuneration and social security | 45 | €133,272 | €230,275 | +€97,003 | +72.8% |
| Taxes | 450/3 | €133,272 | €230,275 | +€97,003 | +72.8% |
| Accrued charges and deferred income | 492/3 | - | €2,613 | +€2,613 | |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,895 | €412,580 | +€147,685 | +55.8% |
| Other operating charges | 640/8 | €5,564 | €5,943 | +€379 | +6.8% |
| Non-recurring operating charges | 66A | €214 | - | -€214 | |
| Gross operating margin | 9900 | €896,346 | €1,522,667 | +€626,321 | +69.9% |
| Operating profit (loss) | 9901 | €625,674 | €1,104,144 | +€478,470 | +76.5% |
| Financial income | 75/76B | €330 | €99 | -€231 | -70.0% |
| Recurring financial income | 75 | €330 | €99 | -€231 | -70.0% |
| Financial charges | 65/66B | €78,218 | €126,489 | +€48,272 | +61.7% |
| Recurring financial charges | 65 | €78,218 | €126,489 | +€48,272 | +61.7% |
| Profit (loss) for the period before taxes | 9903 | €547,786 | €977,753 | +€429,967 | +78.5% |
| Income taxes | 67/77 | €131,308 | €230,275 | +€98,966 | +75.4% |
| Profit (loss) for the period | 9904 | €416,478 | €747,479 | +€331,001 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €416,478 | €747,479 | +€331,001 | +79.5% |
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 18 October 2026 via checked.be.