AGROTRUST: 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
AGROTRUST
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,527
2024 · €85,087-€87,614
Equity
€1.6m
2024 · €1.7m-€47,527
Cash
€329,260
2024 · €356,091-€26,832
Balance sheet total
€2.1m
2024 · €2.2m-€71,419
Largest movements
Assets
- Tangible fixed assets -€33,414
down €33,414 (-2.1%), from €1.6m to €1.5m
of which Land and buildings: -€28,275
- Cash -€26,832
down €26,832 (-7.5%), from €356,091 to €329,260
mainly Contributions, distributions and other (-€45,000) and Debts after one year (-€16,506)
Equity and liabilities
- Reserves -€47,527
down €47,527 (-3.2%), from €1.5m to €1.4m
of which Distributable reserves: -€47,527
Income statement
- Gross operating margin -€189,354
down €189,354 (-61.6%), from €307,370 to €118,016
- Depreciation -€107,040
down €107,040 (-71.8%), from €148,984 to €41,944
- Taxes -€8,485
down €8,485 (-90.0%), from €9,429 to €943
- Staff costs +€3,983
up €3,983 (+11.5%), from €34,582 to €38,565
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
€85,087
Gross operating margin
-€189,354
Staff costs
-€3,983
Depreciation
+€107,040
Other operating charges
-€969
Other operating items
-€10,777
Financial income
+€1,924
Financial charges
+€20
Taxes
+€8,485
Result 2025
-€2,527
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
+€33,684
Investment
+€380
Financing
-€60,895
Cash 2024
€356,091
From operations (derived)
+€33,684
Net result for the year
-€2,527
Depreciation
+€41,944
Receivables within one year
+€1,229
Deferred charges and accrued income
+€1,034
Trade debts
+€469
Tax, wage and social debts
-€1,415
Other debts
-€8,000
Accrued charges and deferred income
+€950
Investment (derived)
+€380
Investment in fixed assets (net)
-€1,713
Current investments
+€2,092
Financing
-€60,895
Debts after one year
-€16,506
Current portion of long-term debt
+€611
Contributions, distributions and other
-€45,000
Cash 2025
€329,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,181,816 | €2,110,398 | -€71,419 | -3.3% |
| Fixed assets | 21/28 | €1,590,099 | €1,549,867 | -€40,231 | -2.5% |
| Tangible fixed assets | 22/27 | €1,583,182 | €1,549,768 | -€33,414 | -2.1% |
| Land and buildings | 22 | €1,578,043 | €1,549,768 | -€28,275 | -1.8% |
| Furniture and vehicles | 24 | €879 | €0 | -€879 | -100.0% |
| Other tangible fixed assets | 26 | €4,260 | €0 | -€4,260 | -100.0% |
| Financial fixed assets | 28 | €6,916 | €99 | -€6,817 | -98.6% |
| Current assets | 29/58 | €591,718 | €560,530 | -€31,187 | -5.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,163 | €67,934 | -€1,229 | -1.8% |
| Other amounts receivable | 41 | €69,163 | €67,934 | -€1,229 | -1.8% |
| Current investments | 50/53 | €122,468 | €120,375 | -€2,092 | -1.7% |
| Cash at bank and in hand | 54/58 | €356,091 | €329,260 | -€26,832 | -7.5% |
| Deferred charges and accrued income | 490/1 | €3,996 | €2,962 | -€1,034 | -25.9% |
| Total equity and liabilities | 10/49 | €2,181,816 | €2,110,398 | -€71,419 | -3.3% |
| Equity | 10/15 | €1,672,840 | €1,625,312 | -€47,527 | -2.8% |
| Contributions | 10/11 | €179,723 | €179,723 | = | 0.0% |
| Capital | 10 | €179,723 | €179,723 | = | 0.0% |
| Issued capital | 100 | €179,723 | €179,723 | = | 0.0% |
| Reserves | 13 | €1,493,117 | €1,445,589 | -€47,527 | -3.2% |
| Non-distributable reserves | 130/1 | €17,972 | €17,972 | = | 0.0% |
| Legal reserve | 130 | €17,972 | €17,972 | = | 0.0% |
| Tax-exempt reserves | 132 | €52 | €52 | = | 0.0% |
| Distributable reserves | 133 | €1,475,093 | €1,427,566 | -€47,527 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €508,976 | €485,085 | -€23,891 | -4.7% |
| Amounts payable after more than one year | 17 | €420,052 | €403,546 | -€16,506 | -3.9% |
| Financial debts | 170/4 | €420,052 | €403,546 | -€16,506 | -3.9% |
| Amounts payable within one year | 42/48 | €88,924 | €80,589 | -€8,335 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €15,895 | €16,506 | +€611 | +3.8% |
| Trade debts | 44 | €2,691 | €3,161 | +€469 | +17.4% |
| Suppliers | 440/4 | €2,691 | €3,161 | +€469 | +17.4% |
| Taxes, remuneration and social security | 45 | €17,238 | €15,822 | -€1,415 | -8.2% |
| Taxes | 450/3 | €6,884 | €6,884 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,354 | €8,939 | -€1,415 | -13.7% |
| Other amounts payable | 47/48 | €53,100 | €45,100 | -€8,000 | -15.1% |
| Accrued charges and deferred income | 492/3 | €0 | €950 | +€950 | |
| Non-recurring operating income | 76A | €247,495 | €29,982 | -€217,512 | -87.9% |
| Remuneration, social security and pensions | 62 | €34,582 | €38,565 | +€3,983 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,984 | €41,944 | -€107,040 | -71.8% |
| Other operating charges | 640/8 | €17,683 | €18,652 | +€969 | +5.5% |
| Non-recurring operating charges | 66A | €0 | €10,777 | +€10,777 | |
| Gross operating margin | 9900 | €307,370 | €118,016 | -€189,354 | -61.6% |
| Operating profit (loss) | 9901 | €106,121 | €8,077 | -€98,044 | -92.4% |
| Financial income | 75/76B | €4,941 | €6,865 | +€1,924 | +38.9% |
| Recurring financial income | 75 | €4,941 | €6,865 | +€1,924 | +38.9% |
| Financial charges | 65/66B | €16,547 | €16,527 | -€20 | -0.1% |
| Recurring financial charges | 65 | €16,547 | €16,527 | -€20 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €94,515 | -€1,584 | -€96,100 | |
| Income taxes | 67/77 | €9,429 | €943 | -€8,485 | -90.0% |
| Profit (loss) for the period | 9904 | €85,087 | -€2,527 | -€87,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,087 | -€2,527 | -€87,614 |
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 2 October 2026 via checked.be.