F & D AGRI: 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.
F & D AGRI
Largest movements
- Tangible fixed assets +€155,059
up €155,059 (+33.4%), from €464,629 to €619,688
of which Leasing and similar rights: +€269,967
- Cash +€39,822
up €39,822 (+22.4%), from €178,091 to €217,913
mainly Debts after one year (+€157,174) and Net result for the year (+€152,831)
- Deferred charges and accrued income -€25,969
down €25,969 (-81.4%), from €31,884 to €5,915
- Receivables within one year -€19,441
down €19,441 (-10.9%), from €178,151 to €158,710
of which Other amounts receivable: -€52,840
- Debts after one year +€157,174
up €157,174 (+61.9%), from €253,851 to €411,025
- Other debts +€110,000
up €110,000 (+733%), from €15,000 to €125,000
- Short-term financial debts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Trade debts -€68,891
down €68,891 (-59.3%), from €116,175 to €47,284
- Reserves +€27,831
up €27,831 (+13.8%), from €201,404 to €229,236
of which Distributable reserves: +€27,831
- Gross operating margin +€273,834
up €273,834 (+69.1%), from €396,507 to €670,340
- Depreciation +€76,208
up €76,208 (+103%), from €73,732 to €149,941
- Financial charges +€12,562
up €12,562 (+108%), from €11,677 to €24,239
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 | €853,755 | €1,003,227 | +€149,471 | +17.5% |
| Fixed assets | 21/28 | €465,629 | €620,688 | +€155,059 | +33.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €464,629 | €619,688 | +€155,059 | +33.4% |
| Furniture and vehicles | 24 | €464,629 | €349,722 | -€114,907 | -24.7% |
| Leasing and similar rights | 25 | - | €269,967 | +€269,967 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €388,126 | €382,538 | -€5,588 | -1.4% |
| Amounts receivable within one year | 40/41 | €178,151 | €158,710 | -€19,441 | -10.9% |
| Trade receivables | 40 | €105,816 | €139,215 | +€33,399 | +31.6% |
| Other amounts receivable | 41 | €72,335 | €19,495 | -€52,840 | -73.0% |
| Cash at bank and in hand | 54/58 | €178,091 | €217,913 | +€39,822 | +22.4% |
| Deferred charges and accrued income | 490/1 | €31,884 | €5,915 | -€25,969 | -81.4% |
| Total equity and liabilities | 10/49 | €853,755 | €1,003,227 | +€149,471 | +17.5% |
| Equity | 10/15 | €220,004 | €247,836 | +€27,831 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,404 | €229,236 | +€27,831 | +13.8% |
| Tax-exempt reserves | 132 | €161,405 | €161,405 | = | 0.0% |
| Distributable reserves | 133 | €39,999 | €67,831 | +€27,831 | +69.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €633,751 | €755,391 | +€121,640 | +19.2% |
| Amounts payable after more than one year | 17 | €253,851 | €411,025 | +€157,174 | +61.9% |
| Financial debts | 170/4 | €253,851 | €411,025 | +€157,174 | +61.9% |
| Amounts payable within one year | 42/48 | €379,503 | €344,187 | -€35,317 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €95,464 | €115,327 | +€19,863 | +20.8% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100% |
| Trade debts | 44 | €116,175 | €47,284 | -€68,891 | -59.3% |
| Suppliers | 440/4 | €116,175 | €47,284 | -€68,891 | -59.3% |
| Advances received on contracts in progress | 46 | €5,435 | €6,352 | +€916 | +16.9% |
| Taxes, remuneration and social security | 45 | €47,430 | €50,224 | +€2,794 | +5.9% |
| Taxes | 450/3 | €5,688 | €16,321 | +€10,633 | +187% |
| Remuneration and social security | 454/9 | €41,742 | €33,903 | -€7,839 | -18.8% |
| Other amounts payable | 47/48 | €15,000 | €125,000 | +€110,000 | +733% |
| Accrued charges and deferred income | 492/3 | €396 | €179 | -€217 | -54.8% |
| Non-recurring operating income | 76A | €33,500 | €0 | -€33,500 | -100% |
| Remuneration, social security and pensions | 62 | €346,094 | €340,362 | -€5,732 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,732 | €149,941 | +€76,208 | +103% |
| Other operating charges | 640/8 | €3,249 | €4,891 | +€1,642 | +50.5% |
| Gross operating margin | 9900 | €396,507 | €670,340 | +€273,834 | +69.1% |
| Operating profit (loss) | 9901 | -€26,569 | €175,146 | +€201,715 | |
| Financial income | 75/76B | €61 | €1,924 | +€1,863 | +3,034% |
| Recurring financial income | 75 | €61 | €1,924 | +€1,863 | +3,034% |
| Financial charges | 65/66B | €11,677 | €24,239 | +€12,562 | +108% |
| Recurring financial charges | 65 | €11,677 | €24,239 | +€12,562 | +108% |
| Profit (loss) for the period before taxes | 9903 | -€38,184 | €152,831 | +€191,016 | |
| Income taxes | 67/77 | €676 | €0 | -€676 | -100% |
| Profit (loss) for the period | 9904 | -€38,860 | €152,831 | +€191,692 | |
| Transfer from tax-exempt reserves | 789 | €82,500 | €0 | -€82,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €43,640 | €152,831 | +€109,192 | +250% |
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 21 October 2026 via checked.be.