AGROFROST: 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.
AGROFROST
Largest movements
- Cash -€369,305
down €369,305 (-86.9%), from €424,841 to €55,536
mainly Receivables within one year (-€237,116) and Trade debts (-€131,930)
- Receivables within one year +€237,116
up €237,116 (+27.5%), from €862,709 to €1.1m
of which Trade receivables: +€226,972
- Trade debts -€131,930
down €131,930 (-86.1%), from €153,199 to €21,269
- Current portion of long-term debt -€27,883
no longer reported in 2023 (was €27,883)
- Gross operating margin -€125,386
down €125,386, from €104,724 to -€20,662
- Financial income +€51,060
up €51,060 (+5635.4%), from €906 to €51,966
- Depreciation -€15,464
down €15,464 (-56.7%), from €27,284 to €11,820
- Taxes -€12,886
down €12,886 (-72.1%), from €17,864 to €4,978
- Financial charges -€6,237
down €6,237 (-80.9%), from €7,713 to €1,476
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,339 | €1,218,888 | -€143,451 | -10.5% |
| Fixed assets | 21/28 | €39,188 | €27,369 | -€11,820 | -30.2% |
| Intangible fixed assets | 21 | €29,536 | €22,543 | -€6,994 | -23.7% |
| Tangible fixed assets | 22/27 | €9,652 | €4,826 | -€4,826 | -50.0% |
| Plant, machinery and equipment | 23 | €9,652 | €4,826 | -€4,826 | -50.0% |
| Current assets | 29/58 | €1,323,150 | €1,191,519 | -€131,631 | -9.9% |
| Stocks and contracts in progress | 3 | €35,600 | €36,158 | +€558 | +1.6% |
| Stocks | 30/36 | €35,600 | €36,158 | +€558 | +1.6% |
| Amounts receivable within one year | 40/41 | €862,709 | €1,099,826 | +€237,116 | +27.5% |
| Trade receivables | 40 | €861,597 | €1,088,569 | +€226,972 | +26.3% |
| Other amounts receivable | 41 | €1,112 | €11,257 | +€10,144 | +911.8% |
| Cash at bank and in hand | 54/58 | €424,841 | €55,536 | -€369,305 | -86.9% |
| Total equity and liabilities | 10/49 | €1,362,339 | €1,218,888 | -€143,451 | -10.5% |
| Equity | 10/15 | €472,931 | €485,962 | +€13,031 | +2.8% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €260,931 | €273,962 | +€13,031 | +5.0% |
| Non-distributable reserves | 130/1 | €20,120 | €20,771 | +€652 | +3.2% |
| Legal reserve | 130 | €20,120 | €20,771 | +€652 | +3.2% |
| Distributable reserves | 133 | €240,811 | €253,190 | +€12,380 | +5.1% |
| Amounts payable | 17/49 | €889,408 | €732,926 | -€156,482 | -17.6% |
| Amounts payable within one year | 42/48 | €889,408 | €731,611 | -€157,797 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €27,883 | - | -€27,883 | |
| Trade debts | 44 | €153,199 | €21,269 | -€131,930 | -86.1% |
| Suppliers | 440/4 | €153,199 | €21,269 | -€131,930 | -86.1% |
| Taxes, remuneration and social security | 45 | €8,326 | €10,342 | +€2,016 | +24.2% |
| Taxes | 450/3 | €8,326 | €10,342 | +€2,016 | +24.2% |
| Other amounts payable | 47/48 | €700,000 | €700,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,315 | +€1,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,284 | €11,820 | -€15,464 | -56.7% |
| Non-recurring operating charges | 66A | €1,226 | - | -€1,226 | |
| Gross operating margin | 9900 | €104,724 | -€20,662 | -€125,386 | |
| Operating profit (loss) | 9901 | €76,214 | -€32,482 | -€108,696 | |
| Financial income | 75/76B | €906 | €51,966 | +€51,060 | +5635.4% |
| Recurring financial income | 75 | €906 | €51,966 | +€51,060 | +5635.4% |
| Financial charges | 65/66B | €7,713 | €1,476 | -€6,237 | -80.9% |
| Recurring financial charges | 65 | €7,713 | €1,476 | -€6,237 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | €69,407 | €18,009 | -€51,398 | -74.1% |
| Income taxes | 67/77 | €17,864 | €4,978 | -€12,886 | -72.1% |
| Profit (loss) for the period | 9904 | €51,543 | €13,031 | -€38,512 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €51,543 | €13,031 | -€38,512 | -74.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.