Agro West: 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 West
Largest movements
- Receivables within one year +€433,974
up €433,974 (+214%), from €202,351 to €636,326
of which Other amounts receivable: +€565,912
- Cash -€87,986
down €87,986 (-71.4%), from €123,213 to €35,227
mainly Receivables within one year (-€433,974) and Debts after one year (-€350,000)
- Reserves +€615,452
up €615,452 (+18.8%), from €3.3m to €3.9m
of which Distributable reserves: +€320,752
- Debts after one year -€350,000
down €350,000 (-21.0%), from €1.7m to €1.3m
- Other debts +€103,126
up €103,126 (+15.0%), from €686,706 to €789,832
- Gross operating margin +€278,216
up €278,216 (+47.6%), from €584,395 to €862,611
- Taxes +€73,096
up €73,096 (+59.9%), from €121,943 to €195,039
- Financial income +€13,505
up €13,505, from €0 to €13,505
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 | €6,027,700 | €6,373,301 | +€345,601 | +5.7% |
| Fixed assets | 21/28 | €5,701,331 | €5,701,331 | = | 0.0% |
| Financial fixed assets | 28 | €5,701,331 | €5,701,331 | = | 0.0% |
| Current assets | 29/58 | €326,369 | €671,970 | +€345,601 | +106% |
| Amounts receivable within one year | 40/41 | €202,351 | €636,326 | +€433,974 | +214% |
| Trade receivables | 40 | €168,706 | €36,768 | -€131,938 | -78.2% |
| Other amounts receivable | 41 | €33,645 | €599,557 | +€565,912 | +1,682% |
| Cash at bank and in hand | 54/58 | €123,213 | €35,227 | -€87,986 | -71.4% |
| Deferred charges and accrued income | 490/1 | €805 | €417 | -€388 | -48.2% |
| Total equity and liabilities | 10/49 | €6,027,700 | €6,373,301 | +€345,601 | +5.7% |
| Equity | 10/15 | €3,268,009 | €3,883,461 | +€615,452 | +18.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,266,009 | €3,881,461 | +€615,452 | +18.8% |
| Tax-exempt reserves | 132 | €315,750 | €610,450 | +€294,700 | +93.3% |
| Distributable reserves | 133 | €2,950,259 | €3,271,011 | +€320,752 | +10.9% |
| Amounts payable | 17/49 | €2,759,691 | €2,489,840 | -€269,851 | -9.8% |
| Amounts payable after more than one year | 17 | €1,670,238 | €1,320,238 | -€350,000 | -21.0% |
| Financial debts | 170/4 | €1,670,238 | €1,320,238 | -€350,000 | -21.0% |
| Amounts payable within one year | 42/48 | €1,085,815 | €1,165,964 | +€80,149 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €1,398 | €1,396 | -€2 | -0.1% |
| Suppliers | 440/4 | €1,398 | €1,396 | -€2 | -0.1% |
| Taxes, remuneration and social security | 45 | €47,711 | €24,736 | -€22,975 | -48.2% |
| Taxes | 450/3 | €21,793 | €24,736 | +€2,943 | +13.5% |
| Remuneration and social security | 454/9 | €25,918 | €0 | -€25,918 | -100% |
| Other amounts payable | 47/48 | €686,706 | €789,832 | +€103,126 | +15.0% |
| Accrued charges and deferred income | 492/3 | €3,638 | €3,638 | = | 0.0% |
| Other operating charges | 640/8 | €226 | €128 | -€98 | -43.4% |
| Gross operating margin | 9900 | €584,395 | €862,611 | +€278,216 | +47.6% |
| Operating profit (loss) | 9901 | €584,169 | €862,483 | +€278,314 | +47.6% |
| Financial income | 75/76B | €0 | €13,505 | +€13,505 | |
| Recurring financial income | 75 | €0 | €13,505 | +€13,505 | |
| Financial charges | 65/66B | €70,450 | €65,497 | -€4,952 | -7.0% |
| Recurring financial charges | 65 | €70,450 | €65,497 | -€4,952 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €513,719 | €810,491 | +€296,772 | +57.8% |
| Income taxes | 67/77 | €121,943 | €195,039 | +€73,096 | +59.9% |
| Profit (loss) for the period | 9904 | €391,777 | €615,452 | +€223,675 | +57.1% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €294,700 | +€105,250 | +55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €202,327 | €320,752 | +€118,425 | +58.5% |
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 20 October 2026 via checked.be.