Apers Agro: 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
Apers Agro
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€23,470
2025 · -€9,742-€13,727
Equity
€685,544
2025 · €649,584+€35,960
Cash
€413,858
2025 · €67,553+€346,305
Balance sheet total
€6.9m
2025 · €4.6m+€2.3m
Largest movements
Assets
- Tangible fixed assets +€1.7m
up €1.7m (+40.7%), from €4.2m to €5.9m
of which Land and buildings: +€3.1m
- Cash +€346,305
up €346,305 (+513%), from €67,553 to €413,858
mainly Debts after one year (+€1.6m) and Depreciation (+€612,007)
- Receivables within one year +€166,962
up €166,962 (+135%), from €123,689 to €290,651
of which Trade receivables: +€144,991
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+54.6%), from €2.9m to €4.4m
- Other debts +€490,909
up €490,909 (+140%), from €351,693 to €842,603
- Current portion of long-term debt +€125,190
up €125,190 (+24.8%), from €505,216 to €630,405
Income statement
- Depreciation +€172,495
up €172,495 (+39.2%), from €439,512 to €612,007
- Gross operating margin -€68,764
down €68,764 (-7.5%), from €911,942 to €843,178
- Financial charges +€66,793
up €66,793 (+48.3%), from €138,383 to €205,176
- Staff costs +€25,543
up €25,543 (+79.4%), from €32,188 to €57,731
From the 2025 result to the 2026 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 2025
-€9,742
Gross operating margin
-€68,764
Staff costs
-€25,543
Depreciation
-€172,495
Other operating charges
-€588
Other operating items
+€314,312
Financial income
+€5,702
Financial charges
-€66,793
Taxes
-€432
Deferred taxes and other
+€873
Result 2026
-€23,470
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€915,229
Investment
-€2.3m
Financing
+€1.8m
Cash 2025
€67,553
From operations (derived)
+€915,229
Net result for the year
-€23,470
Depreciation
+€612,007
Stocks and contracts
-€26,328
Receivables within one year
-€166,962
Deferred charges and accrued income
-€12,716
Smaller working-capital items
-€949
Tax, wage and social debts
+€15,454
Other debts
+€490,909
Accrued charges and deferred income
+€27,283
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€1.8m
Debts after one year
+€1.6m
Current portion of long-term debt
+€125,190
Contributions, distributions and other
+€59,430
Cash 2026
€413,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,637,090 | €6,896,848 | +€2.3m | +48.7% |
| Fixed assets | 21/28 | €4,203,178 | €5,910,626 | +€1.7m | +40.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,198,243 | €5,905,691 | +€1.7m | +40.7% |
| Land and buildings | 22 | €1,590,189 | €4,710,910 | +€3.1m | +196% |
| Plant, machinery and equipment | 23 | €369,616 | €371,850 | +€2,233 | +0.6% |
| Furniture and vehicles | 24 | €511,328 | €731,303 | +€219,975 | +43.0% |
| Leasing and similar rights | 25 | €179,958 | €91,628 | -€88,330 | -49.1% |
| Assets under construction and advance payments | 27 | €1,547,151 | €0 | -€1.5m | -100% |
| Financial fixed assets | 28 | €4,935 | €4,935 | = | 0.0% |
| Current assets | 29/58 | €433,912 | €986,223 | +€552,311 | +127% |
| Stocks and contracts in progress | 3 | €222,853 | €249,181 | +€26,328 | +11.8% |
| Stocks | 30/36 | €222,853 | €249,181 | +€26,328 | +11.8% |
| Amounts receivable within one year | 40/41 | €123,689 | €290,651 | +€166,962 | +135% |
| Trade receivables | 40 | €115,775 | €260,766 | +€144,991 | +125% |
| Other amounts receivable | 41 | €7,914 | €29,885 | +€21,971 | +278% |
| Cash at bank and in hand | 54/58 | €67,553 | €413,858 | +€346,305 | +513% |
| Deferred charges and accrued income | 490/1 | €19,817 | €32,533 | +€12,716 | +64.2% |
| Total equity and liabilities | 10/49 | €4,637,090 | €6,896,848 | +€2.3m | +48.7% |
| Equity | 10/15 | €649,584 | €685,544 | +€35,960 | +5.5% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €134,326 | €134,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €131,826 | €131,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,742 | -€40,156 | -€30,414 | -312% |
| Investment grants | 15 | - | €66,374 | +€66,374 | |
| Provisions and deferred taxes | 16 | - | €3,493 | +€3,493 | |
| Deferred taxes | 168 | - | €3,493 | +€3,493 | |
| Amounts payable | 17/49 | €3,987,506 | €6,207,811 | +€2.2m | +55.7% |
| Amounts payable after more than one year | 17 | €2,868,278 | €4,434,189 | +€1.6m | +54.6% |
| Financial debts | 170/4 | €2,868,278 | €4,434,189 | +€1.6m | +54.6% |
| Amounts payable within one year | 42/48 | €1,119,229 | €1,746,339 | +€627,110 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €505,216 | €630,405 | +€125,190 | +24.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €254,850 | €250,408 | -€4,443 | -1.7% |
| Suppliers | 440/4 | €254,850 | €250,408 | -€4,443 | -1.7% |
| Taxes, remuneration and social security | 45 | €7,470 | €22,924 | +€15,454 | +207% |
| Taxes | 450/3 | €1,859 | €14,937 | +€13,078 | +703% |
| Remuneration and social security | 454/9 | €5,611 | €7,987 | +€2,376 | +42.4% |
| Other amounts payable | 47/48 | €351,693 | €842,603 | +€490,909 | +140% |
| Accrued charges and deferred income | 492/3 | €0 | €27,283 | +€27,283 | |
| Non-recurring operating income | 76A | €67,223 | €0 | -€67,223 | -100% |
| Remuneration, social security and pensions | 62 | €32,188 | €57,731 | +€25,543 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439,512 | €612,007 | +€172,495 | +39.2% |
| Other operating charges | 640/8 | €8,189 | €8,777 | +€588 | +7.2% |
| Non-recurring operating charges | 66A | €314,312 | €0 | -€314,312 | -100% |
| Gross operating margin | 9900 | €911,942 | €843,178 | -€68,764 | -7.5% |
| Operating profit (loss) | 9901 | €117,741 | €164,663 | +€46,921 | +39.9% |
| Financial income | 75/76B | €11,341 | €17,043 | +€5,702 | +50.3% |
| Recurring financial income | 75 | €11,341 | €17,043 | +€5,702 | +50.3% |
| Financial charges | 65/66B | €138,383 | €205,176 | +€66,793 | +48.3% |
| Recurring financial charges | 65 | €138,383 | €205,176 | +€66,793 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,301 | -€23,470 | -€14,169 | -152% |
| Transfer from deferred taxes | 780 | - | €873 | +€873 | |
| Income taxes | 67/77 | €442 | €873 | +€432 | +97.7% |
| Profit (loss) for the period | 9904 | -€9,742 | -€23,470 | -€13,727 | -141% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,742 | -€23,470 | -€13,727 | -141% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.