AGROWORK: 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.
AGROWORK
Largest movements
- Cash +€63,137
up €63,137 (+452.3%), from €13,960 to €77,097
mainly Contributions, distributions and other (+€152,070) and Other debts (+€109,677)
- Receivables within one year +€62,770
up €62,770 (+52.7%), from €119,121 to €181,891
- Tangible fixed assets -€5,690
down €5,690 (-30.6%), from €18,587 to €12,897
of which Land and buildings: -€3,869
- Other debts +€109,677
up €109,677 (+107.2%), from €102,309 to €211,985
- Tax, wage and social debts +€10,084
up €10,084 (+18.5%), from €54,537 to €64,621
of which Taxes: +€6,169
- Staff costs +€97,191
up €97,191 (+9.0%), from €1.1m to €1.2m
- Gross operating margin +€39,894
up €39,894 (+4.0%), from €996,556 to €1.0m
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 | €172,159 | €291,076 | +€118,916 | +69.1% |
| Fixed assets | 21/28 | €18,587 | €12,897 | -€5,690 | -30.6% |
| Tangible fixed assets | 22/27 | €18,587 | €12,897 | -€5,690 | -30.6% |
| Land and buildings | 22 | €15,445 | €11,577 | -€3,869 | -25.0% |
| Other tangible fixed assets | 26 | €3,142 | €1,320 | -€1,821 | -58.0% |
| Current assets | 29/58 | €153,572 | €278,178 | +€124,606 | +81.1% |
| Amounts receivable within one year | 40/41 | €119,121 | €181,891 | +€62,770 | +52.7% |
| Trade receivables | 40 | €119,121 | €181,891 | +€62,770 | +52.7% |
| Cash at bank and in hand | 54/58 | €13,960 | €77,097 | +€63,137 | +452.3% |
| Deferred charges and accrued income | 490/1 | €20,491 | €19,190 | -€1,301 | -6.3% |
| Total equity and liabilities | 10/49 | €172,159 | €291,076 | +€118,916 | +69.1% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €167,159 | €286,076 | +€118,916 | +71.1% |
| Amounts payable within one year | 42/48 | €167,159 | €286,076 | +€118,916 | +71.1% |
| Trade debts | 44 | €10,314 | €9,469 | -€845 | -8.2% |
| Suppliers | 440/4 | €10,314 | €9,469 | -€845 | -8.2% |
| Taxes, remuneration and social security | 45 | €54,537 | €64,621 | +€10,084 | +18.5% |
| Taxes | 450/3 | €8,828 | €14,997 | +€6,169 | +69.9% |
| Remuneration and social security | 454/9 | €45,709 | €49,624 | +€3,916 | +8.6% |
| Other amounts payable | 47/48 | €102,309 | €211,985 | +€109,677 | +107.2% |
| Remuneration, social security and pensions | 62 | €1,084,024 | €1,181,215 | +€97,191 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,253 | €5,690 | -€6,563 | -53.6% |
| Other operating charges | 640/8 | €908 | €974 | +€65 | +7.2% |
| Gross operating margin | 9900 | €996,556 | €1,036,451 | +€39,894 | +4.0% |
| Operating profit (loss) | 9901 | -€100,629 | -€151,428 | -€50,798 | -50.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €7,940 | €648 | -€7,292 | -91.8% |
| Recurring financial charges | 65 | €900 | €648 | -€252 | -28.0% |
| Non-recurring financial charges | 66B | €7,039 | - | -€7,039 | |
| Profit (loss) for the period before taxes | 9903 | -€108,569 | -€152,070 | -€43,501 | -40.1% |
| Profit (loss) for the period | 9904 | -€108,569 | -€152,070 | -€43,501 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,569 | -€152,070 | -€43,501 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.