AGROW: 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.
What changed
AGROW
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,838
2024 · €6,167+€3,671
Equity
€17.1m
2024 · €11,167+€17.1m
Cash
€2
2024 · €6,980-€6,978
Balance sheet total
€18.2m
2024 · €790,673+€17.4m
Largest movements
Assets
- Financial fixed assets +€17.1m
up €17.1m (+1709385200.0%), from €1 to €17.1m
Equity and liabilities
- Revaluation surpluses +€17.1m
new in 2025: €17.1m
- Other debts +€237,467
up €237,467 (+38.9%), from €609,908 to €847,375
Income statement
- Services and other goods +€156,038
new in 2025: €156,038
- Turnover +€121,217
new in 2025: €121,217
- Financial income +€50,444
up €50,444 (+3642.9%), from €1,385 to €51,828
- Gross operating margin -€8,634
no longer reported in 2025 (was €8,634)
- Taxes +€1,951
up €1,951 (+105.6%), from €1,848 to €3,799
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
€6,167
Turnover
+€121,217
Services and other goods
-€156,038
Other operating charges
+€12
Other operating items
-€8,634
Financial income
+€50,444
Financial charges
-€1,378
Taxes
-€1,951
Result 2025
€9,838
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
-€109,089
Investment
-€17.1m
Financing
+€17.2m
Cash 2024
€6,980
From operations (derived)
-€109,089
Net result for the year
+€9,838
Receivables after one year
-€178,000
Receivables within one year
-€126,072
Smaller working-capital items
-€52,323
Other debts
+€237,467
Investment (derived)
-€17.1m
Investment in fixed assets (net)
-€17.1m
Financing
+€17.2m
Debts after one year
+€105,000
Short-term financial debts
-€2,889
Contributions, distributions and other
+€17.1m
Cash 2025
€2
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,673 | €18,203,964 | +€17.4m | +2202.3% |
| Fixed assets | 21/28 | €1 | €17,093,853 | +€17.1m | +1709385200.0% |
| Financial fixed assets | 28 | €1 | €17,093,853 | +€17.1m | +1709385200.0% |
| Affiliated companies | 280/1 | - | €17,093,853 | +€17.1m | |
| Participating interests | 280 | - | €17,093,853 | +€17.1m | |
| Current assets | 29/58 | €790,672 | €1,110,111 | +€319,439 | +40.4% |
| Amounts receivable after more than one year | 29 | €500,000 | €678,000 | +€178,000 | +35.6% |
| Other amounts receivable | 291 | €500,000 | €678,000 | +€178,000 | +35.6% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €282,307 | €408,379 | +€126,072 | +44.7% |
| Trade receivables | 40 | €269,135 | €321,835 | +€52,700 | +19.6% |
| Other amounts receivable | 41 | €13,172 | €86,544 | +€73,372 | +557.0% |
| Cash at bank and in hand | 54/58 | €6,980 | €2 | -€6,978 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,385 | €23,730 | +€22,345 | +1613.7% |
| Total equity and liabilities | 10/49 | €790,673 | €18,203,964 | +€17.4m | +2202.3% |
| Equity | 10/15 | €11,167 | €17,114,857 | +€17.1m | +153164.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €17,093,852 | +€17.1m | |
| Profit (loss) carried forward | 14 | €6,167 | €16,005 | +€9,838 | +159.5% |
| Amounts payable | 17/49 | €779,506 | €1,089,107 | +€309,601 | +39.7% |
| Amounts payable after more than one year | 17 | - | €105,000 | +€105,000 | |
| Financial debts | 170/4 | - | €105,000 | +€105,000 | |
| Other loans | 174 | - | €105,000 | +€105,000 | |
| Amounts payable within one year | 42/48 | €779,506 | €981,774 | +€202,268 | +25.9% |
| Financial debts | 43 | €2,889 | €0 | -€2,889 | -100.0% |
| Credit institutions | 430/8 | €2,889 | €0 | -€2,889 | -100.0% |
| Trade debts | 44 | €164,861 | €128,751 | -€36,109 | -21.9% |
| Suppliers | 440/4 | €164,861 | €128,751 | -€36,109 | -21.9% |
| Taxes, remuneration and social security | 45 | €1,848 | €5,647 | +€3,799 | +205.6% |
| Taxes | 450/3 | €1,848 | €5,647 | +€3,799 | +205.6% |
| Other amounts payable | 47/48 | €609,908 | €847,375 | +€237,467 | +38.9% |
| Accrued charges and deferred income | 492/3 | - | €2,333 | +€2,333 | |
| Operating income | 70/76A | - | €121,217 | +€121,217 | |
| Turnover | 70 | - | €121,217 | +€121,217 | |
| Operating charges | 60/66A | - | €156,125 | +€156,125 | |
| Services and other goods | 61 | - | €156,038 | +€156,038 | |
| Other operating charges | 640/8 | €100 | €88 | -€12 | -12.3% |
| Gross operating margin | 9900 | €8,634 | - | -€8,634 | |
| Operating profit (loss) | 9901 | €8,534 | -€34,908 | -€43,443 | |
| Financial income | 75/76B | €1,385 | €51,828 | +€50,444 | +3642.9% |
| Recurring financial income | 75 | €1,385 | €51,828 | +€50,444 | +3642.9% |
| Income from financial fixed assets | 750 | - | €46,388 | +€46,388 | |
| Income from current assets | 751 | - | €5,440 | +€5,440 | |
| Financial charges | 65/66B | €1,904 | €3,283 | +€1,378 | +72.4% |
| Recurring financial charges | 65 | €1,904 | €3,283 | +€1,378 | +72.4% |
| Debt charges | 650 | - | €2,333 | +€2,333 | |
| Other financial charges | 652/9 | - | €950 | +€950 | |
| Profit (loss) for the period before taxes | 9903 | €8,015 | €13,637 | +€5,623 | +70.2% |
| Income taxes | 67/77 | €1,848 | €3,799 | +€1,951 | +105.6% |
| Taxes | 670/3 | - | €3,799 | +€3,799 | |
| Profit (loss) for the period | 9904 | €6,167 | €9,838 | +€3,671 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,167 | €9,838 | +€3,671 | +59.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.