AP Agri: 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.
AP Agri
Largest movements
- Tangible fixed assets +€11,895
up €11,895 (+12.9%), from €92,557 to €104,452
of which Plant, machinery and equipment: +€25,895
- Receivables within one year +€3,058
up €3,058 (+9.0%), from €34,097 to €37,155
of which Trade receivables: +€3,552
- Deferred charges and accrued income +€1,462
new in 2025: €1,462
- Other debts +€28,722
up €28,722 (+39.0%), from €73,591 to €102,313
- Debts after one year -€11,857
down €11,857 (-36.7%), from €32,286 to €20,429
- Trade debts -€1,781
down €1,781 (-60.6%), from €2,941 to €1,160
- Gross operating margin +€3,380
up €3,380 (+18.7%), from €18,064 to €21,443
- Depreciation +€2,784
up €2,784 (+17.5%), from €15,894 to €18,677
- Financial charges -€554
down €554 (-25.7%), from €2,156 to €1,602
- Other operating charges +€400
new in 2025: €400
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 | €128,757 | €144,603 | +€15,846 | +12.3% |
| Formation expenses | 20 | €1,468 | €896 | -€572 | -39.0% |
| Fixed assets | 21/28 | €92,557 | €104,452 | +€11,895 | +12.9% |
| Tangible fixed assets | 22/27 | €92,557 | €104,452 | +€11,895 | +12.9% |
| Plant, machinery and equipment | 23 | €2,580 | €28,475 | +€25,895 | +1,004% |
| Furniture and vehicles | 24 | €89,978 | €75,978 | -€14,000 | -15.6% |
| Current assets | 29/58 | €34,732 | €39,255 | +€4,523 | +13.0% |
| Amounts receivable within one year | 40/41 | €34,097 | €37,155 | +€3,058 | +9.0% |
| Trade receivables | 40 | €33,364 | €36,916 | +€3,552 | +10.6% |
| Other amounts receivable | 41 | €733 | €239 | -€494 | -67.4% |
| Cash at bank and in hand | 54/58 | €634 | €638 | +€3 | +0.5% |
| Deferred charges and accrued income | 490/1 | - | €1,462 | +€1,462 | |
| Total equity and liabilities | 10/49 | €128,757 | €144,603 | +€15,846 | +12.3% |
| Equity | 10/15 | €8,065 | €8,688 | +€623 | +7.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65 | €688 | +€623 | +963% |
| Amounts payable | 17/49 | €120,692 | €135,915 | +€15,222 | +12.6% |
| Amounts payable after more than one year | 17 | €32,286 | €20,429 | -€11,857 | -36.7% |
| Financial debts | 170/4 | €32,286 | €20,429 | -€11,857 | -36.7% |
| Amounts payable within one year | 42/48 | €88,406 | €115,486 | +€27,079 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €11,857 | €11,857 | = | 0.0% |
| Trade debts | 44 | €2,941 | €1,160 | -€1,781 | -60.6% |
| Suppliers | 440/4 | €2,941 | €1,160 | -€1,781 | -60.6% |
| Taxes, remuneration and social security | 45 | €18 | €156 | +€138 | +783% |
| Taxes | 450/3 | €18 | €156 | +€138 | +783% |
| Other amounts payable | 47/48 | €73,591 | €102,313 | +€28,722 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,894 | €18,677 | +€2,784 | +17.5% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €18,064 | €21,443 | +€3,380 | +18.7% |
| Operating profit (loss) | 9901 | €2,170 | €2,367 | +€197 | +9.1% |
| Financial charges | 65/66B | €2,156 | €1,602 | -€554 | -25.7% |
| Recurring financial charges | 65 | €2,156 | €1,602 | -€554 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €14 | €765 | +€750 | +5,242% |
| Income taxes | 67/77 | €3 | €141 | +€138 | +4,421% |
| Profit (loss) for the period | 9904 | €11 | €623 | +€612 | +5,471% |
| Profit (loss) for the period to be appropriated | 9905 | €11 | €623 | +€612 | +5,471% |
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 23 October 2026 via checked.be.