AGRO-VETO: 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-VETO
Largest movements
- Receivables within one year +€54,733
up €54,733 (+14.3%), from €382,266 to €436,999
of which Other amounts receivable: +€31,734
- Cash -€14,082
no longer reported in 2025 (was €14,082)
mainly Receivables within one year (-€54,733) and Short-term financial debts (-€8,068)
- Tangible fixed assets -€6,410
down €6,410 (-44.5%), from €14,395 to €7,985
of which Furniture and vehicles: -€3,927
- Stocks and contracts -€6,320
down €6,320 (-20.8%), from €30,447 to €24,127
- Reserves +€26,497
up €26,497 (+7.2%), from €367,763 to €394,260
of which Distributable reserves: +€26,497
- Other debts +€10,362
new in 2025: €10,362
- Short-term financial debts -€8,068
down €8,068 (-16.2%), from €49,952 to €41,884
- Gross operating margin +€15,045
up €15,045 (+53.4%), from €28,184 to €43,230
- Taxes +€5,443
up €5,443 (+52.9%), from €10,292 to €15,735
- Financial charges -€817
down €817 (-17.3%), from €4,713 to €3,896
- Depreciation -€799
down €799 (-11.1%), from €7,209 to €6,410
- Financial income +€594
up €594 (+6.0%), from €9,873 to €10,467
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 | €444,904 | €474,544 | +€29,640 | +6.7% |
| Fixed assets | 21/28 | €14,395 | €7,985 | -€6,410 | -44.5% |
| Tangible fixed assets | 22/27 | €14,395 | €7,985 | -€6,410 | -44.5% |
| Land and buildings | 22 | €2,852 | €2,437 | -€415 | -14.5% |
| Plant, machinery and equipment | 23 | €7,616 | €5,548 | -€2,068 | -27.2% |
| Furniture and vehicles | 24 | €3,927 | - | -€3,927 | |
| Current assets | 29/58 | €430,509 | €466,559 | +€36,049 | +8.4% |
| Stocks and contracts in progress | 3 | €30,447 | €24,127 | -€6,320 | -20.8% |
| Stocks | 30/36 | €30,447 | €24,127 | -€6,320 | -20.8% |
| Amounts receivable within one year | 40/41 | €382,266 | €436,999 | +€54,733 | +14.3% |
| Trade receivables | 40 | €40,051 | €63,051 | +€22,999 | +57.4% |
| Other amounts receivable | 41 | €342,215 | €373,949 | +€31,734 | +9.3% |
| Current investments | 50/53 | €55 | €40 | -€14 | -25.8% |
| Cash at bank and in hand | 54/58 | €14,082 | - | -€14,082 | |
| Deferred charges and accrued income | 490/1 | €3,660 | €5,392 | +€1,732 | +47.3% |
| Total equity and liabilities | 10/49 | €444,904 | €474,544 | +€29,640 | +6.7% |
| Equity | 10/15 | €374,141 | €400,638 | +€26,497 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €367,763 | €394,260 | +€26,497 | +7.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €365,903 | €392,400 | +€26,497 | +7.2% |
| Profit (loss) carried forward | 14 | €178 | €178 | = | 0.0% |
| Amounts payable | 17/49 | €70,764 | €73,906 | +€3,143 | +4.4% |
| Amounts payable within one year | 42/48 | €70,764 | €73,906 | +€3,143 | +4.4% |
| Financial debts | 43 | €49,952 | €41,884 | -€8,068 | -16.2% |
| Credit institutions | 430/8 | €49,952 | €41,884 | -€8,068 | -16.2% |
| Trade debts | 44 | €5,648 | €7,091 | +€1,442 | +25.5% |
| Suppliers | 440/4 | €5,648 | €7,091 | +€1,442 | +25.5% |
| Taxes, remuneration and social security | 45 | €15,163 | €14,570 | -€593 | -3.9% |
| Taxes | 450/3 | €15,163 | €14,570 | -€593 | -3.9% |
| Other amounts payable | 47/48 | - | €10,362 | +€10,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,209 | €6,410 | -€799 | -11.1% |
| Other operating charges | 640/8 | €794 | €1,159 | +€365 | +46.0% |
| Non-recurring operating charges | 66A | €178 | - | -€178 | |
| Gross operating margin | 9900 | €28,184 | €43,230 | +€15,045 | +53.4% |
| Operating profit (loss) | 9901 | €20,004 | €35,661 | +€15,657 | +78.3% |
| Financial income | 75/76B | €9,873 | €10,467 | +€594 | +6.0% |
| Recurring financial income | 75 | €9,873 | €10,467 | +€594 | +6.0% |
| Financial charges | 65/66B | €4,713 | €3,896 | -€817 | -17.3% |
| Recurring financial charges | 65 | €4,713 | €3,896 | -€817 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €25,164 | €42,232 | +€17,068 | +67.8% |
| Income taxes | 67/77 | €10,292 | €15,735 | +€5,443 | +52.9% |
| Profit (loss) for the period | 9904 | €14,872 | €26,497 | +€11,625 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,872 | €26,497 | +€11,625 | +78.2% |
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 26 October 2026 via checked.be.