AGROVIT: 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.
AGROVIT
Largest movements
- Cash -€47,521
down €47,521 (-81.0%), from €58,694 to €11,172
mainly Investment in fixed assets (net) (-€151,660) and Debts after one year (-€120,297)
- Receivables within one year -€40,411
down €40,411 (-45.7%), from €88,498 to €48,088
of which Trade receivables: -€62,451
- Deferred charges and accrued income +€28,054
up €28,054 (+86.4%), from €32,479 to €60,533
- Debts after one year -€120,297
down €120,297 (-10.1%), from €1.2m to €1.1m
- Reserves +€64,765
up €64,765 (+14.9%), from €435,566 to €500,330
- Trade debts -€21,957
down €21,957 (-48.5%), from €45,238 to €23,281
- Depreciation +€14,904
up €14,904 (+11.7%), from €127,205 to €142,109
- Taxes +€9,002
up €9,002 (+209.9%), from €4,290 to €13,292
- Other operating charges -€6,084
down €6,084 (-61.6%), from €9,883 to €3,799
- Financial income +€5,129
up €5,129 (+511.3%), from €1,003 to €6,132
of which Non-recurring financial income: +€3,719
- Financial charges -€2,551
down €2,551 (-11.9%), from €21,428 to €18,877
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,795,768 | €1,745,441 | -€50,327 | -2.8% |
| Fixed assets | 21/28 | €1,616,097 | €1,625,648 | +€9,551 | +0.6% |
| Tangible fixed assets | 22/27 | €1,616,097 | €1,625,648 | +€9,551 | +0.6% |
| Land and buildings | 22 | €1,363,793 | €1,329,228 | -€34,565 | -2.5% |
| Plant, machinery and equipment | 23 | €124,426 | €195,282 | +€70,856 | +56.9% |
| Furniture and vehicles | 24 | €127,877 | €101,138 | -€26,739 | -20.9% |
| Current assets | 29/58 | €179,672 | €119,793 | -€59,878 | -33.3% |
| Amounts receivable within one year | 40/41 | €88,498 | €48,088 | -€40,411 | -45.7% |
| Trade receivables | 40 | €62,451 | - | -€62,451 | |
| Other amounts receivable | 41 | €26,047 | €48,088 | +€22,040 | +84.6% |
| Cash at bank and in hand | 54/58 | €58,694 | €11,172 | -€47,521 | -81.0% |
| Deferred charges and accrued income | 490/1 | €32,479 | €60,533 | +€28,054 | +86.4% |
| Total equity and liabilities | 10/49 | €1,795,768 | €1,745,441 | -€50,327 | -2.8% |
| Equity | 10/15 | €445,566 | €510,330 | +€64,765 | +14.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €435,566 | €500,330 | +€64,765 | +14.9% |
| Distributable reserves | 133 | €435,566 | €500,330 | +€64,765 | +14.9% |
| Amounts payable | 17/49 | €1,350,203 | €1,235,111 | -€115,092 | -8.5% |
| Amounts payable after more than one year | 17 | €1,188,638 | €1,068,342 | -€120,297 | -10.1% |
| Financial debts | 170/4 | €1,188,638 | €1,068,342 | -€120,297 | -10.1% |
| Amounts payable within one year | 42/48 | €161,564 | €166,769 | +€5,204 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €108,841 | €111,566 | +€2,725 | +2.5% |
| Trade debts | 44 | €45,238 | €23,281 | -€21,957 | -48.5% |
| Suppliers | 440/4 | €45,238 | €23,281 | -€21,957 | -48.5% |
| Advances received on contracts in progress | 46 | - | €8,697 | +€8,697 | |
| Taxes, remuneration and social security | 45 | €7,485 | €23,225 | +€15,739 | +210.3% |
| Taxes | 450/3 | €7,485 | €23,225 | +€15,739 | +210.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,205 | €142,109 | +€14,904 | +11.7% |
| Other operating charges | 640/8 | €9,883 | €3,799 | -€6,084 | -61.6% |
| Gross operating margin | 9900 | €236,351 | €236,709 | +€358 | +0.2% |
| Operating profit (loss) | 9901 | €99,263 | €90,802 | -€8,461 | -8.5% |
| Financial income | 75/76B | €1,003 | €6,132 | +€5,129 | +511.3% |
| Recurring financial income | 75 | €1,003 | €2,413 | +€1,410 | +140.5% |
| Non-recurring financial income | 76B | - | €3,719 | +€3,719 | |
| Financial charges | 65/66B | €21,428 | €18,877 | -€2,551 | -11.9% |
| Recurring financial charges | 65 | €21,428 | €18,877 | -€2,551 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €78,838 | €78,056 | -€782 | -1.0% |
| Income taxes | 67/77 | €4,290 | €13,292 | +€9,002 | +209.9% |
| Profit (loss) for the period | 9904 | €74,549 | €64,765 | -€9,784 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,549 | €64,765 | -€9,784 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.