AGROKOM: 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.
What changed
AGROKOM
NACE 46.214, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €3.1m-€2.0m
Equity
€7.3m
2024 · €6.4m+€943,103
Cash
€919,478
2024 · €1.9m-€940,988
Balance sheet total
€12.6m
2024 · €12.4m+€128,787
Largest movements
Assets
- Current investments +€1.7m
up €1.7m (+52.8%), from €3.2m to €4.9m
- Cash -€940,988
down €940,988 (-50.6%), from €1.9m to €919,478
mainly Current investments (-€1.7m) and Debts after one year (-€560,455)
- Tangible fixed assets -€651,955
down €651,955 (-10.8%), from €6.0m to €5.4m
of which Assets under construction and advance payments: -€536,659
- Deferred charges and accrued income +€136,576
up €136,576 (+98.2%), from €139,021 to €275,597
Equity and liabilities
- Reserves +€943,103
up €943,103 (+15.1%), from €6.2m to €7.2m
of which Distributable reserves: +€943,103
- Debts after one year -€560,455
down €560,455 (-16.1%), from €3.5m to €2.9m
- Short-term financial debts -€475,000
down €475,000 (-100%), from €475,000 to €0
Income statement
- Gross operating margin -€2.9m
down €2.9m (-41.9%), from €6.9m to €4.0m
- Taxes -€967,217
down €967,217 (-66.5%), from €1.5m to €487,392
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.
Result 2024
€3.1m
Gross operating margin
-€2.9m
Staff costs
-€8,707
Depreciation
-€48,800
Provisions
-€48,039
Other operating charges
-€2,292
Financial income
-€19,499
Financial charges
+€354
Taxes
+€967,217
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
-€1.9m
Financing
-€1.2m
Cash 2024
€1.9m
From operations (derived)
+€2.2m
Net result for the year
+€1.1m
Depreciation
+€870,271
Stocks and contracts
+€110,387
Receivables within one year
-€2,058
Deferred charges and accrued income
-€136,576
Trade debts
+€49,857
Tax, wage and social debts
+€76,747
Other debts
+€124,654
Accrued charges and deferred income
+€4,523
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€218,316
Current investments
-€1.7m
Financing
-€1.2m
Debts after one year
-€560,455
Current portion of long-term debt
-€34,643
Short-term financial debts
-€475,000
Contributions, distributions and other
-€150,253
Cash 2025
€919,478
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,439,709 | €12,568,497 | +€128,787 | +1.0% |
| Fixed assets | 21/28 | €6,036,913 | €5,384,958 | -€651,955 | -10.8% |
| Tangible fixed assets | 22/27 | €6,036,235 | €5,384,280 | -€651,955 | -10.8% |
| Land and buildings | 22 | €3,800,498 | €3,814,931 | +€14,432 | +0.4% |
| Plant, machinery and equipment | 23 | €1,595,906 | €1,484,848 | -€111,058 | -7.0% |
| Furniture and vehicles | 24 | €103,171 | €84,501 | -€18,670 | -18.1% |
| Assets under construction and advance payments | 27 | €536,659 | €0 | -€536,659 | -100% |
| Financial fixed assets | 28 | €679 | €679 | = | 0.0% |
| Current assets | 29/58 | €6,402,796 | €7,183,538 | +€780,742 | +12.2% |
| Stocks and contracts in progress | 3 | €179,008 | €68,621 | -€110,387 | -61.7% |
| Stocks | 30/36 | €179,008 | €68,621 | -€110,387 | -61.7% |
| Amounts receivable within one year | 40/41 | €1,019,603 | €1,021,661 | +€2,058 | +0.2% |
| Trade receivables | 40 | €698,003 | €605,059 | -€92,943 | -13.3% |
| Other amounts receivable | 41 | €321,600 | €416,601 | +€95,002 | +29.5% |
| Current investments | 50/53 | €3,204,699 | €4,898,182 | +€1.7m | +52.8% |
| Cash at bank and in hand | 54/58 | €1,860,466 | €919,478 | -€940,988 | -50.6% |
| Deferred charges and accrued income | 490/1 | €139,021 | €275,597 | +€136,576 | +98.2% |
| Total equity and liabilities | 10/49 | €12,439,709 | €12,568,497 | +€128,787 | +1.0% |
| Equity | 10/15 | €6,382,418 | €7,325,521 | +€943,103 | +14.8% |
| Contributions | 10/11 | €156,000 | €156,000 | = | 0.0% |
| Reserves | 13 | €6,226,418 | €7,169,521 | +€943,103 | +15.1% |
| Non-distributable reserves | 130/1 | €38,100 | €38,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,100 | €38,100 | = | 0.0% |
| Distributable reserves | 133 | €6,188,318 | €7,131,421 | +€943,103 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €6,057,292 | €5,242,975 | -€814,316 | -13.4% |
| Amounts payable after more than one year | 17 | €3,475,095 | €2,914,641 | -€560,455 | -16.1% |
| Financial debts | 170/4 | €3,475,095 | €2,914,641 | -€560,455 | -16.1% |
| Amounts payable within one year | 42/48 | €2,551,169 | €2,292,785 | -€258,385 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €610,935 | €576,292 | -€34,643 | -5.7% |
| Financial debts | 43 | €475,000 | €0 | -€475,000 | -100% |
| Credit institutions | 430/8 | €475,000 | €0 | -€475,000 | -100% |
| Trade debts | 44 | €661,882 | €711,739 | +€49,857 | +7.5% |
| Suppliers | 440/4 | €661,882 | €711,739 | +€49,857 | +7.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €494,693 | €571,440 | +€76,747 | +15.5% |
| Taxes | 450/3 | €323,662 | €421,341 | +€97,679 | +30.2% |
| Remuneration and social security | 454/9 | €171,030 | €150,098 | -€20,932 | -12.2% |
| Other amounts payable | 47/48 | €308,660 | €433,313 | +€124,654 | +40.4% |
| Accrued charges and deferred income | 492/3 | €31,027 | €35,550 | +€4,523 | +14.6% |
| Remuneration, social security and pensions | 62 | €1,379,280 | €1,387,987 | +€8,707 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821,471 | €870,271 | +€48,800 | +5.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€48,039 | €0 | +€48,039 | |
| Other operating charges | 640/8 | €75,112 | €77,404 | +€2,292 | +3.1% |
| Gross operating margin | 9900 | €6,868,275 | €3,992,669 | -€2.9m | -41.9% |
| Operating profit (loss) | 9901 | €4,640,451 | €1,657,006 | -€3.0m | -64.3% |
| Financial income | 75/76B | €85,697 | €66,198 | -€19,499 | -22.8% |
| Recurring financial income | 75 | €85,697 | €66,198 | -€19,499 | -22.8% |
| Financial charges | 65/66B | €142,810 | €142,456 | -€354 | -0.2% |
| Recurring financial charges | 65 | €142,810 | €142,456 | -€354 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €4,583,338 | €1,580,748 | -€3.0m | -65.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,454,609 | €487,392 | -€967,217 | -66.5% |
| Profit (loss) for the period | 9904 | €3,128,728 | €1,093,356 | -€2.0m | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,128,728 | €1,093,356 | -€2.0m | -65.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.