Agrovack: 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.
Agrovack
Largest movements
- Receivables within one year +€231,316
up €231,316 (+35.9%), from €645,141 to €876,457
of which Other amounts receivable: +€125,831
- Cash +€48,191
up €48,191 (+62.5%), from €77,122 to €125,314
mainly Trade debts (+€294,419) and Net result for the year (+€256,793)
- Stocks and contracts -€42,000
down €42,000 (-84.8%), from €49,500 to €7,500
- Trade debts +€294,419
up €294,419 (+339%), from €86,876 to €381,295
- Debts after one year -€226,921
down €226,921 (-17.0%), from €1.3m to €1.1m
- Reserves +€172,322
up €172,322 (+20.1%), from €857,110 to €1.0m
of which Distributable reserves: +€174,182
- Staff costs -€219,709
down €219,709 (-73.3%), from €299,540 to €79,831
- Gross operating margin -€88,278
down €88,278 (-11.1%), from €794,690 to €706,412
- Taxes +€29,019
up €29,019 (+37.8%), from €76,782 to €105,801
- Depreciation +€26,157
up €26,157 (+12.3%), from €213,414 to €239,571
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 | €2,974,421 | €3,226,374 | +€251,953 | +8.5% |
| Fixed assets | 21/28 | €2,192,090 | €2,208,113 | +€16,023 | +0.7% |
| Intangible fixed assets | 21 | €314 | €0 | -€314 | -100% |
| Tangible fixed assets | 22/27 | €2,191,776 | €2,208,113 | +€16,337 | +0.7% |
| Land and buildings | 22 | €1,053,896 | €1,239,979 | +€186,083 | +17.7% |
| Plant, machinery and equipment | 23 | €1,137,881 | €968,134 | -€169,746 | -14.9% |
| Current assets | 29/58 | €782,331 | €1,018,261 | +€235,930 | +30.2% |
| Stocks and contracts in progress | 3 | €49,500 | €7,500 | -€42,000 | -84.8% |
| Stocks | 30/36 | €49,500 | €7,500 | -€42,000 | -84.8% |
| Amounts receivable within one year | 40/41 | €645,141 | €876,457 | +€231,316 | +35.9% |
| Trade receivables | 40 | €315,025 | €420,510 | +€105,485 | +33.5% |
| Other amounts receivable | 41 | €330,116 | €455,947 | +€125,831 | +38.1% |
| Cash at bank and in hand | 54/58 | €77,122 | €125,314 | +€48,191 | +62.5% |
| Deferred charges and accrued income | 490/1 | €10,568 | €8,991 | -€1,578 | -14.9% |
| Total equity and liabilities | 10/49 | €2,974,421 | €3,226,374 | +€251,953 | +8.5% |
| Equity | 10/15 | €867,110 | €1,039,431 | +€172,322 | +19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €857,110 | €1,029,431 | +€172,322 | +20.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €855,250 | €1,029,431 | +€174,182 | +20.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,107,312 | €2,186,943 | +€79,631 | +3.8% |
| Amounts payable after more than one year | 17 | €1,338,026 | €1,111,106 | -€226,921 | -17.0% |
| Financial debts | 170/4 | €1,338,026 | €1,111,106 | -€226,921 | -17.0% |
| Amounts payable within one year | 42/48 | €769,286 | €1,075,837 | +€306,551 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €321,087 | €326,087 | +€5,000 | +1.6% |
| Trade debts | 44 | €86,876 | €381,295 | +€294,419 | +339% |
| Suppliers | 440/4 | €86,876 | €381,295 | +€294,419 | +339% |
| Taxes, remuneration and social security | 45 | €59,874 | €47,805 | -€12,069 | -20.2% |
| Taxes | 450/3 | €39,622 | €35,809 | -€3,814 | -9.6% |
| Remuneration and social security | 454/9 | €20,252 | €11,996 | -€8,256 | -40.8% |
| Other amounts payable | 47/48 | €301,449 | €320,650 | +€19,201 | +6.4% |
| Remuneration, social security and pensions | 62 | €299,540 | €79,831 | -€219,709 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,414 | €239,571 | +€26,157 | +12.3% |
| Other operating charges | 640/8 | €352 | €3,860 | +€3,507 | +996% |
| Gross operating margin | 9900 | €794,690 | €706,412 | -€88,278 | -11.1% |
| Operating profit (loss) | 9901 | €281,384 | €383,150 | +€101,767 | +36.2% |
| Financial income | 75/76B | €10,368 | €10,840 | +€473 | +4.6% |
| Recurring financial income | 75 | €10,368 | €10,840 | +€473 | +4.6% |
| Financial charges | 65/66B | €34,282 | €31,397 | -€2,885 | -8.4% |
| Recurring financial charges | 65 | €33,064 | €31,397 | -€1,667 | -5.0% |
| Non-recurring financial charges | 66B | €1,218 | €0 | -€1,218 | -100% |
| Profit (loss) for the period before taxes | 9903 | €257,469 | €362,594 | +€105,124 | +40.8% |
| Income taxes | 67/77 | €76,782 | €105,801 | +€29,019 | +37.8% |
| Profit (loss) for the period | 9904 | €180,688 | €256,793 | +€76,105 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €180,688 | €256,793 | +€76,105 | +42.1% |
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 25 October 2026 via checked.be.