Agrowa: 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.
Agrowa
Largest movements
- Tangible fixed assets -€42,000
down €42,000 (-21.0%), from €200,446 to €158,445
- Cash +€12,022
up €12,022 (+18.2%), from €66,066 to €78,088
mainly Other debts (+€47,700) and Depreciation (+€42,000)
- Receivables within one year +€5,073
up €5,073 (+11.7%), from €43,391 to €48,464
of which Trade receivables: +€9,753
- Other debts +€47,700
up €47,700 (+313.5%), from €15,218 to €62,918
- Reserves -€45,026
down €45,026 (-29.9%), from €150,342 to €105,316
- Debts after one year -€24,733
down €24,733 (-29.7%), from €83,158 to €58,425
- Current portion of long-term debt -€8,260
down €8,260 (-19.7%), from €41,994 to €33,733
- Trade debts +€4,229
up €4,229 (+34.0%), from €12,423 to €16,652
- Gross operating margin -€20,255
down €20,255 (-17.7%), from €114,647 to €94,392
- Depreciation -€2,508
down €2,508 (-5.6%), from €44,509 to €42,000
- Taxes -€1,320
down €1,320 (-13.3%), from €9,891 to €8,571
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,595 | €289,701 | -€24,894 | -7.9% |
| Fixed assets | 21/28 | €200,446 | €158,445 | -€42,000 | -21.0% |
| Tangible fixed assets | 22/27 | €200,446 | €158,445 | -€42,000 | -21.0% |
| Land and buildings | 22 | €46,610 | €46,610 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,934 | €6,486 | -€3,449 | -34.7% |
| Furniture and vehicles | 24 | €41,031 | €23,409 | -€17,622 | -42.9% |
| Leasing and similar rights | 25 | €102,870 | €81,941 | -€20,930 | -20.3% |
| Current assets | 29/58 | €114,150 | €131,256 | +€17,106 | +15.0% |
| Amounts receivable within one year | 40/41 | €43,391 | €48,464 | +€5,073 | +11.7% |
| Trade receivables | 40 | €28,282 | €38,035 | +€9,753 | +34.5% |
| Other amounts receivable | 41 | €15,109 | €10,429 | -€4,680 | -31.0% |
| Cash at bank and in hand | 54/58 | €66,066 | €78,088 | +€12,022 | +18.2% |
| Deferred charges and accrued income | 490/1 | €4,693 | €4,704 | +€11 | +0.2% |
| Total equity and liabilities | 10/49 | €314,595 | €289,701 | -€24,894 | -7.9% |
| Equity | 10/15 | €155,342 | €110,316 | -€45,026 | -29.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €150,342 | €105,316 | -€45,026 | -29.9% |
| Distributable reserves | 133 | €150,342 | €105,316 | -€45,026 | -29.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €159,253 | €179,385 | +€20,132 | +12.6% |
| Amounts payable after more than one year | 17 | €83,158 | €58,425 | -€24,733 | -29.7% |
| Financial debts | 170/4 | €83,158 | €58,425 | -€24,733 | -29.7% |
| Amounts payable within one year | 42/48 | €76,095 | €120,960 | +€44,866 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €41,994 | €33,733 | -€8,260 | -19.7% |
| Trade debts | 44 | €12,423 | €16,652 | +€4,229 | +34.0% |
| Suppliers | 440/4 | €12,423 | €16,652 | +€4,229 | +34.0% |
| Taxes, remuneration and social security | 45 | €6,461 | €7,657 | +€1,197 | +18.5% |
| Taxes | 450/3 | €6,461 | €7,657 | +€1,197 | +18.5% |
| Other amounts payable | 47/48 | €15,218 | €62,918 | +€47,700 | +313.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,509 | €42,000 | -€2,508 | -5.6% |
| Other operating charges | 640/8 | €14,948 | €15,618 | +€670 | +4.5% |
| Non-recurring operating charges | 66A | €11,880 | €0 | -€11,880 | -100.0% |
| Gross operating margin | 9900 | €114,647 | €94,392 | -€20,255 | -17.7% |
| Operating profit (loss) | 9901 | €43,310 | €36,773 | -€6,537 | -15.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,023 | €3,229 | -€794 | -19.7% |
| Recurring financial charges | 65 | €4,023 | €3,229 | -€794 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €39,287 | €33,545 | -€5,743 | -14.6% |
| Income taxes | 67/77 | €9,891 | €8,571 | -€1,320 | -13.3% |
| Profit (loss) for the period | 9904 | €29,396 | €24,974 | -€4,423 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,396 | €24,974 | -€4,423 | -15.0% |
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 10 October 2026 via checked.be.