FERTAGRO HANDLING: 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.
What changed
FERTAGRO HANDLING
NACE 52.241, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€82,899
2024 · €48,665+€34,234
Equity
€1.2m
2024 · €1.2m+€82,899
Cash
€32,326
2024 · €24,502+€7,825
Balance sheet total
€1.4m
2024 · €1.3m+€112,128
Largest movements
Assets
- Receivables within one year +€214,813
up €214,813 (+49.6%), from €433,351 to €648,164
of which Trade receivables: +€235,809
- Tangible fixed assets -€111,078
down €111,078 (-13.5%), from €824,630 to €713,553
of which Plant, machinery and equipment: -€58,684
Equity and liabilities
- Reserves +€82,899
up €82,899 (+18.0%), from €459,627 to €542,526
of which Distributable reserves: +€80,179
- Trade debts +€41,536
up €41,536 (+230%), from €18,064 to €59,600
Income statement
- Gross operating margin +€51,792
up €51,792 (+8.8%), from €586,293 to €638,085
- Taxes +€16,759
up €16,759 (+126%), from €13,352 to €30,111
- Staff costs +€9,157
up €9,157 (+2.5%), from €367,450 to €376,607
- Depreciation -€8,076
down €8,076 (-6.7%), from €120,901 to €112,824
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.
Result 2024
€48,665
Gross operating margin
+€51,792
Staff costs
-€9,157
Depreciation
+€8,076
Other operating charges
-€4,928
Financial income
+€42
Financial charges
+€0
Taxes
-€16,759
Deferred taxes and other
+€5,167
Result 2025
€82,899
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€23,942
Investment
-€1,747
Financing
-€14,371
Cash 2024
€24,502
From operations (derived)
+€23,942
Net result for the year
+€82,899
Depreciation
+€112,824
Receivables within one year
-€214,813
Deferred charges and accrued income
-€568
Smaller working-capital items
-€469
Trade debts
+€41,536
Tax, wage and social debts
+€2,533
Investment (derived)
-€1,747
Investment in fixed assets (net)
-€1,747
Financing
-€14,371
Debts after one year
-€11,000
Current portion of long-term debt
-€3,371
Cash 2025
€32,326
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,310,577 | €1,422,705 | +€112,128 | +8.6% |
| Fixed assets | 21/28 | €825,630 | €714,553 | -€111,078 | -13.5% |
| Tangible fixed assets | 22/27 | €824,630 | €713,553 | -€111,078 | -13.5% |
| Land and buildings | 22 | €601,677 | €549,555 | -€52,122 | -8.7% |
| Plant, machinery and equipment | 23 | €221,995 | €163,311 | -€58,684 | -26.4% |
| Furniture and vehicles | 24 | €959 | €688 | -€272 | -28.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €484,947 | €708,153 | +€223,206 | +46.0% |
| Amounts receivable after more than one year | 29 | €9,531 | €9,531 | = | 0.0% |
| Other amounts receivable | 291 | €9,531 | €9,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €433,351 | €648,164 | +€214,813 | +49.6% |
| Trade receivables | 40 | €397,466 | €633,274 | +€235,809 | +59.3% |
| Other amounts receivable | 41 | €35,885 | €14,889 | -€20,996 | -58.5% |
| Cash at bank and in hand | 54/58 | €24,502 | €32,326 | +€7,825 | +31.9% |
| Deferred charges and accrued income | 490/1 | €17,563 | €18,131 | +€568 | +3.2% |
| Total equity and liabilities | 10/49 | €1,310,577 | €1,422,705 | +€112,128 | +8.6% |
| Equity | 10/15 | €1,159,090 | €1,241,989 | +€82,899 | +7.2% |
| Contributions | 10/11 | €699,463 | €699,463 | = | 0.0% |
| Capital | 10 | €699,463 | €699,463 | = | 0.0% |
| Issued capital | 100 | €699,463 | €699,463 | = | 0.0% |
| Reserves | 13 | €459,627 | €542,526 | +€82,899 | +18.0% |
| Non-distributable reserves | 130/1 | €25,312 | €29,532 | +€4,220 | +16.7% |
| Legal reserve | 130 | €25,312 | €29,532 | +€4,220 | +16.7% |
| Tax-exempt reserves | 132 | €14,002 | €12,502 | -€1,500 | -10.7% |
| Distributable reserves | 133 | €420,312 | €500,492 | +€80,179 | +19.1% |
| Provisions and deferred taxes | 16 | €4,667 | €4,167 | -€500 | -10.7% |
| Deferred taxes | 168 | €4,667 | €4,167 | -€500 | -10.7% |
| Amounts payable | 17/49 | €146,820 | €176,549 | +€29,729 | +20.2% |
| Amounts payable after more than one year | 17 | €49,500 | €38,500 | -€11,000 | -22.2% |
| Financial debts | 170/4 | €49,500 | €38,500 | -€11,000 | -22.2% |
| Amounts payable within one year | 42/48 | €96,475 | €137,173 | +€40,698 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €14,371 | €11,000 | -€3,371 | -23.5% |
| Trade debts | 44 | €18,064 | €59,600 | +€41,536 | +230% |
| Suppliers | 440/4 | €18,064 | €59,600 | +€41,536 | +230% |
| Taxes, remuneration and social security | 45 | €64,040 | €66,573 | +€2,533 | +4.0% |
| Taxes | 450/3 | €21,256 | €37,264 | +€16,008 | +75.3% |
| Remuneration and social security | 454/9 | €42,784 | €29,309 | -€13,475 | -31.5% |
| Accrued charges and deferred income | 492/3 | €845 | €876 | +€31 | +3.7% |
| Remuneration, social security and pensions | 62 | €367,450 | €376,607 | +€9,157 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,901 | €112,824 | -€8,076 | -6.7% |
| Other operating charges | 640/8 | €29,566 | €34,495 | +€4,928 | +16.7% |
| Gross operating margin | 9900 | €586,293 | €638,085 | +€51,792 | +8.8% |
| Operating profit (loss) | 9901 | €68,377 | €114,159 | +€45,782 | +67.0% |
| Financial income | 75/76B | €0 | €42 | +€42 | |
| Recurring financial income | 75 | €0 | €42 | +€42 | |
| Financial charges | 65/66B | €1,692 | €1,691 | -€0 | 0.0% |
| Recurring financial charges | 65 | €1,692 | €1,691 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €66,685 | €112,510 | +€45,825 | +68.7% |
| Transfer from deferred taxes | 780 | €333 | €500 | +€167 | +50.3% |
| Transfer to deferred taxes | 680 | €5,000 | €0 | -€5,000 | -100% |
| Income taxes | 67/77 | €13,352 | €30,111 | +€16,759 | +126% |
| Profit (loss) for the period | 9904 | €48,665 | €82,899 | +€34,234 | +70.3% |
| Transfer from tax-exempt reserves | 789 | €998 | €1,500 | +€502 | +50.3% |
| Transfer to tax-exempt reserves | 689 | €15,000 | €0 | -€15,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €34,663 | €84,399 | +€49,736 | +143% |
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.