AGROPAK: 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.
AGROPAK
Largest movements
- Current investments +€187,584
new in 2025: €187,584
- Receivables within one year -€94,987
down €94,987 (-24.4%), from €388,647 to €293,660
of which Trade receivables: -€71,987
- Cash -€71,815
down €71,815 (-23.8%), from €301,675 to €229,860
mainly Current investments (-€187,584) and Tax, wage and social debts (-€39,385)
- Trade debts +€58,609
up €58,609 (+26.5%), from €220,913 to €279,522
- Tax, wage and social debts -€39,385
down €39,385 (-59.6%), from €66,123 to €26,739
of which Taxes: -€31,661
- Reserves +€18,488
up €18,488 (+2.0%), from €902,751 to €921,239
of which Non-distributable reserves: +€187,584
- Gross operating margin -€134,431
down €134,431 (-72.5%), from €185,418 to €50,987
- Staff costs -€49,172
down €49,172 (-71.5%), from €68,741 to €19,569
- Financial income +€22,849
up €22,849 (+726%), from €3,149 to €25,999
- Taxes -€13,696
down €13,696 (-70.8%), from €19,349 to €5,653
- Depreciation -€12,551
down €12,551 (-36.1%), from €34,725 to €22,174
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 | €1,304,787 | €1,342,500 | +€37,713 | +2.9% |
| Fixed assets | 21/28 | €126,804 | €134,781 | +€7,977 | +6.3% |
| Tangible fixed assets | 22/27 | €126,804 | €134,781 | +€7,977 | +6.3% |
| Plant, machinery and equipment | 23 | €109,619 | €69,110 | -€40,508 | -37.0% |
| Furniture and vehicles | 24 | €17,185 | €65,671 | +€48,486 | +282% |
| Current assets | 29/58 | €1,177,983 | €1,207,719 | +€29,735 | +2.5% |
| Stocks and contracts in progress | 3 | €483,942 | €494,728 | +€10,786 | +2.2% |
| Stocks | 30/36 | €483,942 | €494,728 | +€10,786 | +2.2% |
| Amounts receivable within one year | 40/41 | €388,647 | €293,660 | -€94,987 | -24.4% |
| Trade receivables | 40 | €365,647 | €293,660 | -€71,987 | -19.7% |
| Other amounts receivable | 41 | €23,000 | - | -€23,000 | |
| Current investments | 50/53 | - | €187,584 | +€187,584 | |
| Cash at bank and in hand | 54/58 | €301,675 | €229,860 | -€71,815 | -23.8% |
| Deferred charges and accrued income | 490/1 | €3,719 | €1,887 | -€1,832 | -49.3% |
| Total equity and liabilities | 10/49 | €1,304,787 | €1,342,500 | +€37,713 | +2.9% |
| Equity | 10/15 | €967,751 | €986,239 | +€18,488 | +1.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €902,751 | €921,239 | +€18,488 | +2.0% |
| Non-distributable reserves | 130/1 | - | €187,584 | +€187,584 | |
| Own shares acquired | 1312 | - | €187,584 | +€187,584 | |
| Tax-exempt reserves | 132 | €29,470 | €38,844 | +€9,374 | +31.8% |
| Distributable reserves | 133 | €873,281 | €694,811 | -€178,470 | -20.4% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €287,036 | €306,260 | +€19,224 | +6.7% |
| Amounts payable within one year | 42/48 | €287,036 | €306,260 | +€19,224 | +6.7% |
| Trade debts | 44 | €220,913 | €279,522 | +€58,609 | +26.5% |
| Suppliers | 440/4 | €220,913 | €279,522 | +€58,609 | +26.5% |
| Taxes, remuneration and social security | 45 | €66,123 | €26,739 | -€39,385 | -59.6% |
| Taxes | 450/3 | €56,598 | €24,937 | -€31,661 | -55.9% |
| Remuneration and social security | 454/9 | €9,526 | €1,802 | -€7,724 | -81.1% |
| Remuneration, social security and pensions | 62 | €68,741 | €19,569 | -€49,172 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,725 | €22,174 | -€12,551 | -36.1% |
| Other operating charges | 640/8 | €5,346 | €8,440 | +€3,094 | +57.9% |
| Non-recurring operating charges | 66A | - | €2,344 | +€2,344 | |
| Gross operating margin | 9900 | €185,418 | €50,987 | -€134,431 | -72.5% |
| Operating profit (loss) | 9901 | €76,606 | -€1,540 | -€78,146 | |
| Financial income | 75/76B | €3,149 | €25,999 | +€22,849 | +726% |
| Recurring financial income | 75 | €3,149 | €25,999 | +€22,849 | +726% |
| Financial charges | 65/66B | €740 | €317 | -€423 | -57.2% |
| Recurring financial charges | 65 | €740 | €317 | -€423 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €79,014 | €24,141 | -€54,873 | -69.4% |
| Income taxes | 67/77 | €19,349 | €5,653 | -€13,696 | -70.8% |
| Profit (loss) for the period | 9904 | €59,666 | €18,488 | -€41,177 | -69.0% |
| Transfer to tax-exempt reserves | 689 | €29,470 | €9,374 | -€20,096 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,196 | €9,114 | -€21,082 | -69.8% |
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 13 October 2026 via checked.be.