ENAGRI: 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.
ENAGRI
Largest movements
- Tangible fixed assets +€177,439
up €177,439 (+37.4%), from €474,222 to €651,661
of which Plant, machinery and equipment: +€182,139
- Receivables within one year -€112,735
down €112,735 (-42.2%), from €267,022 to €154,288
of which Trade receivables: -€106,824
- Cash +€23,684
up €23,684 (+68.2%), from €34,733 to €58,417
mainly Receivables within one year (+€112,735) and Depreciation (+€104,671)
- Debts after one year +€94,877
up €94,877 (+26.6%), from €356,746 to €451,623
- Other debts -€69,992
down €69,992 (-70.0%), from €100,000 to €30,008
- Reserves +€37,599
up €37,599 (+47.0%), from €80,037 to €117,636
of which Distributable reserves: +€23,500
- Trade debts +€30,171
up €30,171 (+1,327%), from €2,274 to €32,445
- Gross operating margin +€59,944
up €59,944 (+56.2%), from €106,729 to €166,673
- Depreciation +€25,194
up €25,194 (+31.7%), from €79,476 to €104,671
- Staff costs -€9,845
down €9,845 (-73.9%), from €13,322 to €3,476
- Taxes +€2,350
new in 2025: €2,350
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €794,971 | €888,864 | +€93,893 | +11.8% |
| Fixed assets | 21/28 | €474,222 | €651,661 | +€177,439 | +37.4% |
| Tangible fixed assets | 22/27 | €474,222 | €651,661 | +€177,439 | +37.4% |
| Land and buildings | 22 | €318,980 | €296,288 | -€22,693 | -7.1% |
| Plant, machinery and equipment | 23 | €136,010 | €318,149 | +€182,139 | +134% |
| Furniture and vehicles | 24 | €19,231 | €37,224 | +€17,993 | +93.6% |
| Current assets | 29/58 | €320,749 | €237,203 | -€83,546 | -26.0% |
| Stocks and contracts in progress | 3 | €15,373 | €20,333 | +€4,960 | +32.3% |
| Stocks | 30/36 | €15,373 | €20,333 | +€4,960 | +32.3% |
| Amounts receivable within one year | 40/41 | €267,022 | €154,288 | -€112,735 | -42.2% |
| Trade receivables | 40 | €261,066 | €154,242 | -€106,824 | -40.9% |
| Other amounts receivable | 41 | €5,956 | €46 | -€5,911 | -99.2% |
| Cash at bank and in hand | 54/58 | €34,733 | €58,417 | +€23,684 | +68.2% |
| Deferred charges and accrued income | 490/1 | €3,622 | €4,166 | +€544 | +15.0% |
| Total equity and liabilities | 10/49 | €794,971 | €888,864 | +€93,893 | +11.8% |
| Equity | 10/15 | €201,733 | €239,640 | +€37,907 | +18.8% |
| Contributions | 10/11 | €20,496 | €20,496 | = | 0.0% |
| Reserves | 13 | €80,037 | €117,636 | +€37,599 | +47.0% |
| Tax-exempt reserves | 132 | - | €14,099 | +€14,099 | |
| Distributable reserves | 133 | €80,037 | €103,537 | +€23,500 | +29.4% |
| Profit (loss) carried forward | 14 | €101,201 | €101,508 | +€308 | +0.3% |
| Provisions and deferred taxes | 16 | - | €4,700 | +€4,700 | |
| Deferred taxes | 168 | - | €4,700 | +€4,700 | |
| Amounts payable | 17/49 | €593,238 | €644,524 | +€51,286 | +8.6% |
| Amounts payable after more than one year | 17 | €356,746 | €451,623 | +€94,877 | +26.6% |
| Financial debts | 170/4 | €356,746 | €451,623 | +€94,877 | +26.6% |
| Amounts payable within one year | 42/48 | €236,491 | €192,901 | -€43,590 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €134,177 | €127,201 | -€6,977 | -5.2% |
| Trade debts | 44 | €2,274 | €32,445 | +€30,171 | +1,327% |
| Suppliers | 440/4 | €2,274 | €32,445 | +€30,171 | +1,327% |
| Taxes, remuneration and social security | 45 | €40 | €3,248 | +€3,208 | +8,039% |
| Taxes | 450/3 | €40 | €3,248 | +€3,208 | +8,039% |
| Other amounts payable | 47/48 | €100,000 | €30,008 | -€69,992 | -70.0% |
| Remuneration, social security and pensions | 62 | €13,322 | €3,476 | -€9,845 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,476 | €104,671 | +€25,194 | +31.7% |
| Other operating charges | 640/8 | €1,395 | €1,625 | +€229 | +16.4% |
| Gross operating margin | 9900 | €106,729 | €166,673 | +€59,944 | +56.2% |
| Operating profit (loss) | 9901 | €12,535 | €56,901 | +€44,366 | +354% |
| Financial income | 75/76B | €42 | €3 | -€39 | -92.9% |
| Recurring financial income | 75 | €42 | €3 | -€39 | -92.9% |
| Financial charges | 65/66B | €10,954 | €11,948 | +€993 | +9.1% |
| Recurring financial charges | 65 | €10,954 | €11,948 | +€993 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €1,623 | €44,957 | +€43,334 | +2,671% |
| Transfer from deferred taxes | 780 | - | €300 | +€300 | |
| Transfer to deferred taxes | 680 | - | €5,000 | +€5,000 | |
| Income taxes | 67/77 | - | €2,350 | +€2,350 | |
| Profit (loss) for the period | 9904 | €1,623 | €37,907 | +€36,284 | +2,236% |
| Transfer from tax-exempt reserves | 789 | - | €901 | +€901 | |
| Transfer to tax-exempt reserves | 689 | - | €15,000 | +€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,623 | €23,808 | +€22,185 | +1,367% |
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 15 October 2026 via checked.be.