AGROTEC: 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.
What changed
AGROTEC
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€50,903
2024 · €26,566+€24,337
Equity
€345,209
2024 · €294,306+€50,903
Cash
€19,507
2024 · €2,780+€16,727
Balance sheet total
€2.0m
2024 · €2.0m-€40,038
Largest movements
Assets
- Tangible fixed assets -€55,759
down €55,759 (-2.8%), from €2.0m to €1.9m
of which Land and buildings: -€29,341
Equity and liabilities
- Reserves +€50,903
up €50,903 (+24.1%), from €211,055 to €261,959
of which Distributable reserves: +€50,903
- Debts after one year -€43,142
down €43,142 (-10.2%), from €420,928 to €377,786
- Other debts -€40,707
down €40,707 (-4.2%), from €980,201 to €939,495
Income statement
- Gross operating margin +€22,497
up €22,497 (+15.2%), from €147,585 to €170,082
- Financial charges -€5,917
down €5,917 (-24.9%), from €23,718 to €17,801
of which Non-recurring financial charges: -€4,918
- Taxes +€2,906
up €2,906 (+1219.8%), from €238 to €3,144
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
€26,566
Gross operating margin
+€22,497
Depreciation
-€355
Other operating charges
-€816
Financial income
-€0
Financial charges
+€5,917
Taxes
-€2,906
Result 2025
€50,903
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.
From operations
+€85,191
Investment
-€25,968
Financing
-€42,496
Cash 2024
€2,780
From operations (derived)
+€85,191
Net result for the year
+€50,903
Depreciation
+€81,727
Receivables within one year
+€2,907
Deferred charges and accrued income
-€1,901
Provisions
-€15,624
Trade debts
+€2,504
Tax, wage and social debts
+€5,881
Other debts
-€40,707
Accrued charges and deferred income
-€500
Investment (derived)
-€25,968
Investment in fixed assets (net)
-€25,968
Financing
-€42,496
Debts after one year
-€43,142
Current portion of long-term debt
+€646
Cash 2025
€19,507
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,418 | €1,973,380 | -€40,038 | -2.0% |
| Fixed assets | 21/28 | €2,000,976 | €1,945,218 | -€55,759 | -2.8% |
| Tangible fixed assets | 22/27 | €1,993,581 | €1,937,822 | -€55,759 | -2.8% |
| Land and buildings | 22 | €1,645,880 | €1,616,539 | -€29,341 | -1.8% |
| Plant, machinery and equipment | 23 | €298,194 | €272,889 | -€25,304 | -8.5% |
| Furniture and vehicles | 24 | €49,507 | €48,394 | -€1,114 | -2.2% |
| Financial fixed assets | 28 | €7,395 | €7,395 | = | 0.0% |
| Current assets | 29/58 | €12,441 | €28,162 | +€15,721 | +126.4% |
| Amounts receivable within one year | 40/41 | €8,218 | €5,312 | -€2,907 | -35.4% |
| Trade receivables | 40 | €2,300 | €3,482 | +€1,182 | +51.4% |
| Other amounts receivable | 41 | €5,918 | €1,830 | -€4,088 | -69.1% |
| Cash at bank and in hand | 54/58 | €2,780 | €19,507 | +€16,727 | +601.7% |
| Deferred charges and accrued income | 490/1 | €1,443 | €3,344 | +€1,901 | +131.7% |
| Total equity and liabilities | 10/49 | €2,013,418 | €1,973,380 | -€40,038 | -2.0% |
| Equity | 10/15 | €294,306 | €345,209 | +€50,903 | +17.3% |
| Contributions | 10/11 | €83,251 | €83,251 | = | 0.0% |
| Capital | 10 | €83,080 | €83,080 | = | 0.0% |
| Issued capital | 100 | €83,080 | €83,080 | = | 0.0% |
| Outside capital | 11 | €171 | €171 | = | 0.0% |
| Share premium | 1100/10 | €171 | €171 | = | 0.0% |
| Reserves | 13 | €211,055 | €261,959 | +€50,903 | +24.1% |
| Non-distributable reserves | 130/1 | €8,017 | €8,017 | = | 0.0% |
| Legal reserve | 130 | €8,017 | €8,017 | = | 0.0% |
| Distributable reserves | 133 | €203,038 | €253,941 | +€50,903 | +25.1% |
| Provisions and deferred taxes | 16 | €272,904 | €257,280 | -€15,624 | -5.7% |
| Provisions for liabilities and charges | 160/5 | €272,904 | €257,280 | -€15,624 | -5.7% |
| Environmental obligations | 163 | €272,904 | - | -€272,904 | |
| Other liabilities and charges | 164/5 | - | €257,280 | +€257,280 | |
| Amounts payable | 17/49 | €1,446,208 | €1,370,891 | -€75,317 | -5.2% |
| Amounts payable after more than one year | 17 | €420,928 | €377,786 | -€43,142 | -10.2% |
| Financial debts | 170/4 | €420,928 | €377,786 | -€43,142 | -10.2% |
| Amounts payable within one year | 42/48 | €1,024,779 | €993,104 | -€31,675 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €42,496 | €43,142 | +€646 | +1.5% |
| Trade debts | 44 | €352 | €2,856 | +€2,504 | +711.7% |
| Suppliers | 440/4 | €352 | €2,856 | +€2,504 | +711.7% |
| Taxes, remuneration and social security | 45 | €1,730 | €7,612 | +€5,881 | +339.9% |
| Taxes | 450/3 | €354 | €3,192 | +€2,838 | +801.0% |
| Remuneration and social security | 454/9 | €1,376 | €4,420 | +€3,044 | +221.2% |
| Other amounts payable | 47/48 | €980,201 | €939,495 | -€40,707 | -4.2% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Non-recurring operating income | 76A | €844 | €6,100 | +€5,256 | +623.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,372 | €81,727 | +€355 | +0.4% |
| Other operating charges | 640/8 | €15,691 | €16,506 | +€816 | +5.2% |
| Gross operating margin | 9900 | €147,585 | €170,082 | +€22,497 | +15.2% |
| Operating profit (loss) | 9901 | €50,522 | €71,849 | +€21,327 | +42.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €23,718 | €17,801 | -€5,917 | -24.9% |
| Recurring financial charges | 65 | €18,780 | €17,781 | -€999 | -5.3% |
| Non-recurring financial charges | 66B | €4,938 | €20 | -€4,918 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €26,804 | €54,048 | +€27,244 | +101.6% |
| Income taxes | 67/77 | €238 | €3,144 | +€2,906 | +1219.8% |
| Profit (loss) for the period | 9904 | €26,566 | €50,903 | +€24,337 | +91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,566 | €50,903 | +€24,337 | +91.6% |
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 4 October 2026 via checked.be.