Fedagro: 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.
Fedagro
Largest movements
- Receivables within one year +€184,176
up €184,176 (+48.4%), from €380,606 to €564,782
of which Trade receivables: +€186,415
- Tangible fixed assets -€101,093
down €101,093 (-13.2%), from €766,053 to €664,960
of which Furniture and vehicles: -€123,547
- Current investments -€62,355
down €62,355 (-100.0%), from €62,355 to €0
- Cash +€55,007
up €55,007 (+19.5%), from €282,596 to €337,603
mainly Depreciation (+€249,214) and Net result for the year (+€80,388)
- Deferred charges and accrued income -€20,469
down €20,469 (-68.4%), from €29,927 to €9,458
- Debts after one year -€108,218
down €108,218 (-24.4%), from €443,692 to €335,474
- Reserves +€80,388
up €80,388 (+13.0%), from €617,149 to €697,538
- Trade debts +€57,846
up €57,846 (+24.6%), from €234,783 to €292,629
- Current portion of long-term debt +€16,581
up €16,581 (+8.5%), from €194,271 to €210,851
- Depreciation +€63,124
up €63,124 (+33.9%), from €186,090 to €249,214
- Taxes -€18,415
down €18,415 (-38.5%), from €47,811 to €29,396
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 | €1,562,922 | €1,614,588 | +€51,667 | +3.3% |
| Fixed assets | 21/28 | €766,188 | €665,095 | -€101,093 | -13.2% |
| Tangible fixed assets | 22/27 | €766,053 | €664,960 | -€101,093 | -13.2% |
| Land and buildings | 22 | €170,002 | €177,429 | +€7,427 | +4.4% |
| Plant, machinery and equipment | 23 | €43,573 | €41,623 | -€1,950 | -4.5% |
| Furniture and vehicles | 24 | €206,160 | €82,613 | -€123,547 | -59.9% |
| Leasing and similar rights | 25 | €346,317 | €363,295 | +€16,977 | +4.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €796,734 | €949,493 | +€152,759 | +19.2% |
| Stocks and contracts in progress | 3 | €41,250 | €37,650 | -€3,600 | -8.7% |
| Stocks | 30/36 | €41,250 | €37,650 | -€3,600 | -8.7% |
| Amounts receivable within one year | 40/41 | €380,606 | €564,782 | +€184,176 | +48.4% |
| Trade receivables | 40 | €377,999 | €564,414 | +€186,415 | +49.3% |
| Other amounts receivable | 41 | €2,608 | €368 | -€2,240 | -85.9% |
| Current investments | 50/53 | €62,355 | €0 | -€62,355 | -100.0% |
| Cash at bank and in hand | 54/58 | €282,596 | €337,603 | +€55,007 | +19.5% |
| Deferred charges and accrued income | 490/1 | €29,927 | €9,458 | -€20,469 | -68.4% |
| Total equity and liabilities | 10/49 | €1,562,922 | €1,614,588 | +€51,667 | +3.3% |
| Equity | 10/15 | €645,529 | €725,918 | +€80,388 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €617,149 | €697,538 | +€80,388 | +13.0% |
| Distributable reserves | 133 | €617,149 | €697,538 | +€80,388 | +13.0% |
| Profit (loss) carried forward | 14 | €9,780 | €9,780 | = | 0.0% |
| Amounts payable | 17/49 | €917,392 | €888,671 | -€28,722 | -3.1% |
| Amounts payable after more than one year | 17 | €443,692 | €335,474 | -€108,218 | -24.4% |
| Financial debts | 170/4 | €443,692 | €335,474 | -€108,218 | -24.4% |
| Amounts payable within one year | 42/48 | €473,700 | €553,137 | +€79,437 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €194,271 | €210,851 | +€16,581 | +8.5% |
| Trade debts | 44 | €234,783 | €292,629 | +€57,846 | +24.6% |
| Suppliers | 440/4 | €234,783 | €292,629 | +€57,846 | +24.6% |
| Taxes, remuneration and social security | 45 | €41,682 | €46,541 | +€4,859 | +11.7% |
| Taxes | 450/3 | €22,781 | €27,302 | +€4,521 | +19.8% |
| Remuneration and social security | 454/9 | €18,901 | €19,239 | +€338 | +1.8% |
| Other amounts payable | 47/48 | €2,964 | €3,115 | +€151 | +5.1% |
| Accrued charges and deferred income | 492/3 | €0 | €60 | +€60 | |
| Remuneration, social security and pensions | 62 | €97,307 | €102,178 | +€4,871 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,090 | €249,214 | +€63,124 | +33.9% |
| Other operating charges | 640/8 | €1,862 | €4,863 | +€3,001 | +161.1% |
| Gross operating margin | 9900 | €490,769 | €490,139 | -€630 | -0.1% |
| Operating profit (loss) | 9901 | €205,511 | €133,884 | -€71,627 | -34.9% |
| Financial income | 75/76B | €745 | €502 | -€243 | -32.6% |
| Recurring financial income | 75 | €745 | €502 | -€243 | -32.6% |
| Financial charges | 65/66B | €22,203 | €24,601 | +€2,398 | +10.8% |
| Recurring financial charges | 65 | €22,203 | €24,601 | +€2,398 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €184,053 | €109,785 | -€74,268 | -40.4% |
| Income taxes | 67/77 | €47,811 | €29,396 | -€18,415 | -38.5% |
| Profit (loss) for the period | 9904 | €136,242 | €80,388 | -€55,853 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,242 | €80,388 | -€55,853 | -41.0% |
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 4 October 2026 via checked.be.