AVAGRO: 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.
AVAGRO
Largest movements
- Stocks and contracts -€237,505
down €237,505 (-22.5%), from €1.1m to €817,450
- Cash +€73,664
up €73,664 (+8.4%), from €875,130 to €948,794
mainly Stocks and contracts (+€237,505) and Depreciation (+€209,433)
- Receivables within one year +€36,564
up €36,564 (+50.2%), from €72,768 to €109,332
of which Other amounts receivable: +€52,488
- Tax, wage and social debts -€126,274
down €126,274 (-89.5%), from €141,099 to €14,826
- Profit (loss) carried forward +€48,393
up €48,393 (+5.4%), from €896,901 to €945,294
- Debts after one year -€46,200
down €46,200 (-25.0%), from €184,800 to €138,600
- Gross operating margin -€243,530
down €243,530 (-47.4%), from €513,351 to €269,822
- Taxes -€77,589
down €77,589 (-90.2%), from €86,030 to €8,441
- Depreciation +€46,740
up €46,740 (+28.7%), from €162,692 to €209,433
- Financial charges +€6,601
up €6,601 (+1,166%), from €566 to €7,167
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 | €2,681,788 | €2,578,734 | -€103,054 | -3.8% |
| Fixed assets | 21/28 | €665,956 | €689,524 | +€23,567 | +3.5% |
| Tangible fixed assets | 22/27 | €665,956 | €689,524 | +€23,567 | +3.5% |
| Plant, machinery and equipment | 23 | €633,178 | €663,704 | +€30,526 | +4.8% |
| Furniture and vehicles | 24 | €32,778 | €25,819 | -€6,959 | -21.2% |
| Current assets | 29/58 | €2,015,832 | €1,889,211 | -€126,621 | -6.3% |
| Stocks and contracts in progress | 3 | €1,054,955 | €817,450 | -€237,505 | -22.5% |
| Stocks | 30/36 | €1,054,955 | €817,450 | -€237,505 | -22.5% |
| Amounts receivable within one year | 40/41 | €72,768 | €109,332 | +€36,564 | +50.2% |
| Trade receivables | 40 | €72,753 | €56,828 | -€15,924 | -21.9% |
| Other amounts receivable | 41 | €16 | €52,504 | +€52,488 | +328,872% |
| Cash at bank and in hand | 54/58 | €875,130 | €948,794 | +€73,664 | +8.4% |
| Deferred charges and accrued income | 490/1 | €12,978 | €13,635 | +€657 | +5.1% |
| Total equity and liabilities | 10/49 | €2,681,788 | €2,578,734 | -€103,054 | -3.8% |
| Equity | 10/15 | €1,002,901 | €1,051,294 | +€48,393 | +4.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €896,901 | €945,294 | +€48,393 | +5.4% |
| Amounts payable | 17/49 | €1,678,886 | €1,527,440 | -€151,446 | -9.0% |
| Amounts payable after more than one year | 17 | €184,800 | €138,600 | -€46,200 | -25.0% |
| Financial debts | 170/4 | €184,800 | €138,600 | -€46,200 | -25.0% |
| Amounts payable within one year | 42/48 | €1,494,086 | €1,388,840 | -€105,246 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €46,200 | €46,200 | = | 0.0% |
| Trade debts | 44 | €20,460 | €19,445 | -€1,015 | -5.0% |
| Suppliers | 440/4 | €20,460 | €19,445 | -€1,015 | -5.0% |
| Taxes, remuneration and social security | 45 | €141,099 | €14,826 | -€126,274 | -89.5% |
| Taxes | 450/3 | €141,099 | €14,826 | -€126,274 | -89.5% |
| Other amounts payable | 47/48 | €1,286,327 | €1,308,370 | +€22,043 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,692 | €209,433 | +€46,740 | +28.7% |
| Other operating charges | 640/8 | €1,465 | €1,298 | -€167 | -11.4% |
| Gross operating margin | 9900 | €513,351 | €269,822 | -€243,530 | -47.4% |
| Operating profit (loss) | 9901 | €349,193 | €59,090 | -€290,103 | -83.1% |
| Financial income | 75/76B | €1,608 | €4,910 | +€3,303 | +205% |
| Recurring financial income | 75 | €1,608 | €4,910 | +€3,303 | +205% |
| Financial charges | 65/66B | €566 | €7,167 | +€6,601 | +1,166% |
| Recurring financial charges | 65 | €566 | €7,167 | +€6,601 | +1,166% |
| Profit (loss) for the period before taxes | 9903 | €350,234 | €56,833 | -€293,401 | -83.8% |
| Income taxes | 67/77 | €86,030 | €8,441 | -€77,589 | -90.2% |
| Profit (loss) for the period | 9904 | €264,205 | €48,393 | -€215,812 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €264,205 | €48,393 | -€215,812 | -81.7% |
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 16 October 2026 via checked.be.