Agrofin: what changed
Two fiscal 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.
Agrofin
Largest movements
- Cash +€39,836
up €39,836 (+339.2%), from €11,745 to €51,581
mainly Net result for the year (+€82,315) and Depreciation (+€26,556)
- Receivables within one year -€15,172
down €15,172 (-20.3%), from €74,812 to €59,640
of which Trade receivables: -€27,992
- Reserves +€25,150
up €25,150 (+1352.2%), from €1,860 to €27,010
of which Distributable reserves: +€25,150
- Current portion of long-term debt -€20,479
down €20,479 (-100.0%), from €20,479 to €0
- Other debts +€20,000
up €20,000 (+66.7%), from €30,000 to €50,000
- Profit (loss) carried forward +€7,165
up €7,165 (+14.1%), from €50,686 to €57,851
- Tax, wage and social debts -€4,337
down €4,337 (-20.0%), from €21,684 to €17,346
- Gross operating margin +€9,029
up €9,029 (+7.0%), from €128,339 to €137,368
- Taxes +€4,241
up €4,241 (+19.4%), from €21,887 to €26,128
- Other operating charges -€2,168
down €2,168 (-65.6%), from €3,305 to €1,138
- Financial income +€1,514
up €1,514 (+7571050.0%), from €0 to €1,514
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.
Cash bridge derived
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 | €141,026 | €165,867 | +€24,841 | +17.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €49,540 | €50,464 | +€924 | +1.9% |
| Tangible fixed assets | 22/27 | €49,540 | €50,464 | +€924 | +1.9% |
| Furniture and vehicles | 24 | €48,037 | €32,744 | -€15,293 | -31.8% |
| Other tangible fixed assets | 26 | €1,503 | €17,720 | +€16,217 | +1079.1% |
| Current assets | 29/58 | €91,485 | €115,403 | +€23,918 | +26.1% |
| Amounts receivable within one year | 40/41 | €74,812 | €59,640 | -€15,172 | -20.3% |
| Trade receivables | 40 | €53,240 | €25,248 | -€27,992 | -52.6% |
| Other amounts receivable | 41 | €21,572 | €34,392 | +€12,820 | +59.4% |
| Cash at bank and in hand | 54/58 | €11,745 | €51,581 | +€39,836 | +339.2% |
| Deferred charges and accrued income | 490/1 | €4,929 | €4,183 | -€746 | -15.1% |
| Total equity and liabilities | 10/49 | €141,026 | €165,867 | +€24,841 | +17.6% |
| Equity | 10/15 | €58,746 | €91,061 | +€32,315 | +55.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €27,010 | +€25,150 | +1352.2% |
| 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 | - | €25,150 | +€25,150 | |
| Profit (loss) carried forward | 14 | €50,686 | €57,851 | +€7,165 | +14.1% |
| Amounts payable | 17/49 | €82,280 | €74,806 | -€7,474 | -9.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,280 | €74,172 | -€8,108 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €20,479 | €0 | -€20,479 | -100.0% |
| Financial debts | 43 | €74 | €203 | +€129 | +173.7% |
| Credit institutions | 430/8 | €74 | €203 | +€129 | +173.7% |
| Trade debts | 44 | €10,043 | €6,623 | -€3,420 | -34.1% |
| Suppliers | 440/4 | €10,043 | €6,623 | -€3,420 | -34.1% |
| Taxes, remuneration and social security | 45 | €21,684 | €17,346 | -€4,337 | -20.0% |
| Taxes | 450/3 | €21,684 | €17,346 | -€4,337 | -20.0% |
| Other amounts payable | 47/48 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | - | €634 | +€634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,643 | €26,556 | -€87 | -0.3% |
| Other operating charges | 640/8 | €3,305 | €1,138 | -€2,168 | -65.6% |
| Non-recurring operating charges | 66A | €1,570 | €978 | -€592 | -37.7% |
| Gross operating margin | 9900 | €128,339 | €137,368 | +€9,029 | +7.0% |
| Operating profit (loss) | 9901 | €96,821 | €108,696 | +€11,876 | +12.3% |
| Financial income | 75/76B | €0 | €1,514 | +€1,514 | +7571050.0% |
| Recurring financial income | 75 | €0 | €1,514 | +€1,514 | +7571050.0% |
| Financial charges | 65/66B | €1,963 | €1,768 | -€195 | -9.9% |
| Recurring financial charges | 65 | €1,963 | €1,768 | -€195 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €94,858 | €108,443 | +€13,585 | +14.3% |
| Income taxes | 67/77 | €21,887 | €26,128 | +€4,241 | +19.4% |
| Profit (loss) for the period | 9904 | €72,971 | €82,315 | +€9,344 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,971 | €82,315 | +€9,344 | +12.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.