BR AGRI: what changed
Two fiscal 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.
BR AGRI
Largest movements
- Tangible fixed assets +€151,804
up €151,804 (+19.1%), from €795,294 to €947,098
of which Plant, machinery and equipment: +€201,384
- Cash -€39,133
down €39,133 (-86.1%), from €45,455 to €6,322
mainly Investment in fixed assets (net) (-€368,413) and Receivables within one year (-€31,378)
- Receivables within one year +€31,378
up €31,378 (+6.3%), from €501,849 to €533,227
of which Trade receivables: +€184,061
- Reserves +€105,407
up €105,407 (+37.3%), from €282,777 to €388,184
of which Distributable reserves: +€108,300
- Tax, wage and social debts +€26,490
up €26,490 (+174.4%), from €15,192 to €41,683
of which Taxes: +€26,078
- Current portion of long-term debt +€25,714
up €25,714 (+16.9%), from €152,181 to €177,896
- Gross operating margin +€186,664
up €186,664 (+78.7%), from €237,086 to €423,750
- Taxes +€34,697
new in 2025: €34,697
- Other operating charges +€14,264
up €14,264 (+371.5%), from €3,839 to €18,103
- Staff costs +€6,009
up €6,009 (+21.2%), from €28,388 to €34,397
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 | €1,342,598 | €1,488,928 | +€146,330 | +10.9% |
| Fixed assets | 21/28 | €795,294 | €947,098 | +€151,804 | +19.1% |
| Tangible fixed assets | 22/27 | €795,294 | €947,098 | +€151,804 | +19.1% |
| Land and buildings | 22 | €79,457 | €62,490 | -€16,967 | -21.4% |
| Plant, machinery and equipment | 23 | €568,789 | €770,173 | +€201,384 | +35.4% |
| Furniture and vehicles | 24 | €13,894 | €10,269 | -€3,625 | -26.1% |
| Leasing and similar rights | 25 | €133,154 | €104,166 | -€28,988 | -21.8% |
| Current assets | 29/58 | €547,304 | €541,830 | -€5,473 | -1.0% |
| Amounts receivable within one year | 40/41 | €501,849 | €533,227 | +€31,378 | +6.3% |
| Trade receivables | 40 | - | €184,061 | +€184,061 | |
| Other amounts receivable | 41 | €501,849 | €349,166 | -€152,683 | -30.4% |
| Cash at bank and in hand | 54/58 | €45,455 | €6,322 | -€39,133 | -86.1% |
| Deferred charges and accrued income | 490/1 | - | €2,281 | +€2,281 | |
| Total equity and liabilities | 10/49 | €1,342,598 | €1,488,928 | +€146,330 | +10.9% |
| Equity | 10/15 | €569,238 | €674,652 | +€105,415 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €282,777 | €388,184 | +€105,407 | +37.3% |
| Tax-exempt reserves | 132 | €143,005 | €140,112 | -€2,893 | -2.0% |
| Distributable reserves | 133 | €139,772 | €248,072 | +€108,300 | +77.5% |
| Profit (loss) carried forward | 14 | €280,261 | €280,268 | +€8 | 0.0% |
| Provisions and deferred taxes | 16 | €47,668 | €46,704 | -€964 | -2.0% |
| Deferred taxes | 168 | €47,668 | €46,704 | -€964 | -2.0% |
| Amounts payable | 17/49 | €725,691 | €767,572 | +€41,880 | +5.8% |
| Amounts payable after more than one year | 17 | €547,572 | €537,533 | -€10,039 | -1.8% |
| Financial debts | 170/4 | €547,572 | €537,533 | -€10,039 | -1.8% |
| Amounts payable within one year | 42/48 | €178,120 | €230,039 | +€51,919 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €152,181 | €177,896 | +€25,714 | +16.9% |
| Trade debts | 44 | €8,997 | €8,273 | -€724 | -8.0% |
| Suppliers | 440/4 | €8,997 | €8,273 | -€724 | -8.0% |
| Taxes, remuneration and social security | 45 | €15,192 | €41,683 | +€26,490 | +174.4% |
| Taxes | 450/3 | €11,563 | €37,640 | +€26,078 | +225.5% |
| Remuneration and social security | 454/9 | €3,629 | €4,042 | +€413 | +11.4% |
| Other amounts payable | 47/48 | €1,749 | €2,187 | +€438 | +25.0% |
| Remuneration, social security and pensions | 62 | €28,388 | €34,397 | +€6,009 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,880 | €216,609 | -€3,271 | -1.5% |
| Other operating charges | 640/8 | €3,839 | €18,103 | +€14,264 | +371.5% |
| Gross operating margin | 9900 | €237,086 | €423,750 | +€186,664 | +78.7% |
| Operating profit (loss) | 9901 | -€15,022 | €154,639 | +€169,661 | |
| Financial income | 75/76B | €12,663 | €8,431 | -€4,232 | -33.4% |
| Recurring financial income | 75 | €12,663 | €8,431 | -€4,232 | -33.4% |
| Financial charges | 65/66B | €23,720 | €23,924 | +€204 | +0.9% |
| Recurring financial charges | 65 | €23,720 | €23,924 | +€204 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,079 | €139,147 | +€165,226 | |
| Transfer from deferred taxes | 780 | €11,082 | €37,221 | +€26,140 | +235.9% |
| Transfer to deferred taxes | 680 | €4,246 | €36,257 | +€32,011 | +753.9% |
| Income taxes | 67/77 | - | €34,697 | +€34,697 | |
| Profit (loss) for the period | 9904 | -€19,243 | €105,415 | +€124,658 | |
| Transfer from tax-exempt reserves | 789 | €33,245 | €111,664 | +€78,420 | +235.9% |
| Transfer to tax-exempt reserves | 689 | - | €108,771 | +€108,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,001 | €108,308 | +€94,306 | +673.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.