CAPAGRI: 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.
CAPAGRI
Largest movements
- Receivables within one year -€103,329
down €103,329 (-85.0%), from €121,518 to €18,189
of which Trade receivables: -€106,329
- Cash +€58,741
up €58,741 (+59.9%), from €98,068 to €156,809
mainly Receivables within one year (+€103,329) and Depreciation (+€83,938)
- Tangible fixed assets -€43,417
down €43,417 (-11.3%), from €384,061 to €340,644
of which Plant, machinery and equipment: -€26,880
- Stocks and contracts -€14,701
down €14,701 (-16.6%), from €88,692 to €73,991
- Debts after one year -€96,846
down €96,846 (-37.7%), from €257,000 to €160,154
of which Other amounts payable: -€86,846
- Depreciation +€7,637
up €7,637 (+10.0%), from €76,300 to €83,938
- Gross operating margin -€4,628
down €4,628 (-5.0%), from €92,165 to €87,537
- Financial charges +€3,147
up €3,147 (+645.4%), from €488 to €3,635
- Taxes -€1,803
down €1,803 (-100.0%), from €1,803 to €0
- Financial income -€993
down €993 (-29.8%), from €3,328 to €2,335
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 | €693,819 | €591,198 | -€102,620 | -14.8% |
| Fixed assets | 21/28 | €384,061 | €340,644 | -€43,417 | -11.3% |
| Tangible fixed assets | 22/27 | €384,061 | €340,644 | -€43,417 | -11.3% |
| Land and buildings | 22 | €27,142 | €19,873 | -€7,269 | -26.8% |
| Plant, machinery and equipment | 23 | €283,521 | €256,641 | -€26,880 | -9.5% |
| Furniture and vehicles | 24 | €73,398 | €64,130 | -€9,268 | -12.6% |
| Current assets | 29/58 | €309,758 | €250,554 | -€59,204 | -19.1% |
| Stocks and contracts in progress | 3 | €88,692 | €73,991 | -€14,701 | -16.6% |
| Stocks | 30/36 | €88,692 | €73,991 | -€14,701 | -16.6% |
| Amounts receivable within one year | 40/41 | €121,518 | €18,189 | -€103,329 | -85.0% |
| Trade receivables | 40 | €121,503 | €15,174 | -€106,329 | -87.5% |
| Other amounts receivable | 41 | €15 | €3,015 | +€3,000 | +20000.0% |
| Cash at bank and in hand | 54/58 | €98,068 | €156,809 | +€58,741 | +59.9% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,566 | +€85 | +5.8% |
| Total equity and liabilities | 10/49 | €693,819 | €591,198 | -€102,620 | -14.8% |
| Equity | 10/15 | €272,578 | €271,219 | -€1,359 | -0.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €135,782 | €135,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €125,782 | €125,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,225 | €31,100 | +€875 | +2.9% |
| Investment grants | 15 | €6,571 | €4,337 | -€2,234 | -34.0% |
| Amounts payable | 17/49 | €421,241 | €319,979 | -€101,261 | -24.0% |
| Amounts payable after more than one year | 17 | €257,000 | €160,154 | -€96,846 | -37.7% |
| Financial debts | 170/4 | €90,000 | €80,000 | -€10,000 | -11.1% |
| Other amounts payable | 178/9 | €167,000 | €80,154 | -€86,846 | -52.0% |
| Amounts payable within one year | 42/48 | €164,241 | €159,825 | -€4,415 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €9,999 | €12,636 | +€2,638 | +26.4% |
| Suppliers | 440/4 | €9,999 | €12,636 | +€2,638 | +26.4% |
| Taxes, remuneration and social security | 45 | €14,030 | €8,365 | -€5,666 | -40.4% |
| Taxes | 450/3 | €10,330 | €7,065 | -€3,266 | -31.6% |
| Remuneration and social security | 454/9 | €3,700 | €1,300 | -€2,400 | -64.9% |
| Other amounts payable | 47/48 | €130,212 | €128,824 | -€1,387 | -1.1% |
| Remuneration, social security and pensions | 62 | €388 | - | -€388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,300 | €83,938 | +€7,637 | +10.0% |
| Other operating charges | 640/8 | €896 | €1,424 | +€528 | +58.9% |
| Gross operating margin | 9900 | €92,165 | €87,537 | -€4,628 | -5.0% |
| Operating profit (loss) | 9901 | €14,580 | €2,175 | -€12,406 | -85.1% |
| Financial income | 75/76B | €3,328 | €2,335 | -€993 | -29.8% |
| Recurring financial income | 75 | €3,328 | €2,335 | -€993 | -29.8% |
| Financial charges | 65/66B | €488 | €3,635 | +€3,147 | +645.4% |
| Recurring financial charges | 65 | €488 | €3,635 | +€3,147 | +645.4% |
| Profit (loss) for the period before taxes | 9903 | €17,421 | €875 | -€16,546 | -95.0% |
| Income taxes | 67/77 | €1,803 | €0 | -€1,803 | -100.0% |
| Profit (loss) for the period | 9904 | €15,617 | €875 | -€14,743 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,617 | €875 | -€14,743 | -94.4% |
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 6 October 2026 via checked.be.