AgroPELLETS: 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.
AgroPELLETS
Largest movements
- Receivables within one year -€50,221
down €50,221 (-48.4%), from €103,839 to €53,619
of which Trade receivables: -€37,918
- Tangible fixed assets -€38,662
down €38,662 (-18.5%), from €209,111 to €170,449
of which Furniture and vehicles: -€28,351
- Cash -€21,377
down €21,377 (-79.6%), from €26,869 to €5,493
mainly Net result for the year (-€70,272) and Provisions (-€47,968)
- Deferred charges and accrued income -€18,716
down €18,716 (-82.3%), from €22,728 to €4,012
- Reserves -€191,871
down €191,871 (-99.7%), from €192,418 to €546
of which Tax-exempt reserves: -€191,871
- Profit (loss) carried forward +€107,599
up €107,599 (+95.8%), from -€112,290 to -€4,690
- Other debts +€91,667
up €91,667 (+39.2%), from €234,072 to €325,739
- Provisions -€47,968
down €47,968 (-100.0%), from €47,968 to €0
- Debts after one year -€29,990
down €29,990 (-39.6%), from €75,641 to €45,651
- Write-downs +€69,844
new in 2025: €69,844
- Gross operating margin -€41,923
down €41,923 (-40.5%), from €103,550 to €61,627
- Other operating charges -€8,885
down €8,885 (-65.5%), from €13,569 to €4,684
- Taxes +€4,436
up €4,436 (+526.5%), from €842 to €5,278
- Financial charges -€3,852
down €3,852 (-42.9%), from €8,973 to €5,121
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 | €570,966 | €441,991 | -€128,975 | -22.6% |
| Fixed assets | 21/28 | €417,530 | €378,868 | -€38,662 | -9.3% |
| Intangible fixed assets | 21 | €208,419 | €208,419 | = | 0.0% |
| Tangible fixed assets | 22/27 | €209,111 | €170,449 | -€38,662 | -18.5% |
| Land and buildings | 22 | €99,147 | €96,749 | -€2,398 | -2.4% |
| Plant, machinery and equipment | 23 | €27,667 | €19,754 | -€7,913 | -28.6% |
| Furniture and vehicles | 24 | €82,297 | €53,946 | -€28,351 | -34.4% |
| Current assets | 29/58 | €153,437 | €63,124 | -€90,313 | -58.9% |
| Amounts receivable within one year | 40/41 | €103,839 | €53,619 | -€50,221 | -48.4% |
| Trade receivables | 40 | €91,530 | €53,613 | -€37,918 | -41.4% |
| Other amounts receivable | 41 | €12,309 | €6 | -€12,303 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,869 | €5,493 | -€21,377 | -79.6% |
| Deferred charges and accrued income | 490/1 | €22,728 | €4,012 | -€18,716 | -82.3% |
| Total equity and liabilities | 10/49 | €570,966 | €441,991 | -€128,975 | -22.6% |
| Equity | 10/15 | €98,678 | €14,406 | -€84,272 | -85.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €192,418 | €546 | -€191,871 | -99.7% |
| Non-distributable reserves | 130/1 | €546 | €546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €546 | €546 | = | 0.0% |
| Tax-exempt reserves | 132 | €191,871 | €0 | -€191,871 | -100.0% |
| Profit (loss) carried forward | 14 | -€112,290 | -€4,690 | +€107,599 | +95.8% |
| Provisions and deferred taxes | 16 | €47,968 | €0 | -€47,968 | -100.0% |
| Deferred taxes | 168 | €47,968 | €0 | -€47,968 | -100.0% |
| Amounts payable | 17/49 | €424,321 | €427,586 | +€3,265 | +0.8% |
| Amounts payable after more than one year | 17 | €75,641 | €45,651 | -€29,990 | -39.6% |
| Financial debts | 170/4 | €75,641 | €45,651 | -€29,990 | -39.6% |
| Amounts payable within one year | 42/48 | €348,680 | €381,166 | +€32,486 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €48,856 | €28,294 | -€20,562 | -42.1% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €34,940 | €7,297 | -€27,642 | -79.1% |
| Suppliers | 440/4 | €34,940 | €7,297 | -€27,642 | -79.1% |
| Taxes, remuneration and social security | 45 | €30,812 | €19,819 | -€10,993 | -35.7% |
| Taxes | 450/3 | €2,660 | €8,076 | +€5,416 | +203.6% |
| Remuneration and social security | 454/9 | €28,152 | €11,743 | -€16,409 | -58.3% |
| Other amounts payable | 47/48 | €234,072 | €325,739 | +€91,667 | +39.2% |
| Accrued charges and deferred income | 492/3 | - | €769 | +€769 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €53,199 | €55,101 | +€1,902 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,457 | €39,912 | +€3,455 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €69,844 | +€69,844 | |
| Other operating charges | 640/8 | €13,569 | €4,684 | -€8,885 | -65.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €103,550 | €61,627 | -€41,923 | -40.5% |
| Operating profit (loss) | 9901 | €326 | -€107,913 | -€108,239 | |
| Financial income | 75/76B | €959 | €73 | -€886 | -92.4% |
| Recurring financial income | 75 | €959 | €73 | -€886 | -92.4% |
| Financial charges | 65/66B | €8,973 | €5,121 | -€3,852 | -42.9% |
| Recurring financial charges | 65 | €8,973 | €5,121 | -€3,852 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,688 | -€112,962 | -€105,273 | -1369.2% |
| Transfer from deferred taxes | 780 | - | €47,968 | +€47,968 | |
| Income taxes | 67/77 | €842 | €5,278 | +€4,436 | +526.5% |
| Profit (loss) for the period | 9904 | -€8,531 | -€70,272 | -€61,741 | -723.7% |
| Transfer from tax-exempt reserves | 789 | - | €191,871 | +€191,871 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,531 | €121,599 | +€130,130 |
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 6 October 2026 via checked.be.