FS AGRI: 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.
FS AGRI
Largest movements
- Receivables within one year +€146,256
up €146,256 (+416.1%), from €35,153 to €181,409
of which Trade receivables: +€138,224
- Tangible fixed assets +€63,090
up €63,090 (+44.0%), from €143,503 to €206,593
of which Plant, machinery and equipment: +€70,807
- Trade debts +€68,903
up €68,903 (+9205.8%), from €748 to €69,651
- Debts after one year +€48,225
up €48,225 (+63.6%), from €75,823 to €124,048
- Reserves +€43,061
up €43,061 (+60.0%), from €71,775 to €114,837
- Other debts +€41,332
up €41,332 (+275.5%), from €15,000 to €56,332
- Current portion of long-term debt +€8,982
up €8,982 (+26.4%), from €34,049 to €43,031
- Gross operating margin +€36,295
up €36,295 (+55.9%), from €64,890 to €101,186
- Depreciation +€18,446
up €18,446 (+99.1%), from €18,605 to €37,051
- Taxes +€5,643
up €5,643 (+70.2%), from €8,035 to €13,678
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 | €224,811 | €435,312 | +€210,501 | +93.6% |
| Fixed assets | 21/28 | €143,503 | €206,818 | +€63,315 | +44.1% |
| Tangible fixed assets | 22/27 | €143,503 | €206,593 | +€63,090 | +44.0% |
| Plant, machinery and equipment | 23 | €91,836 | €162,643 | +€70,807 | +77.1% |
| Furniture and vehicles | 24 | €51,667 | €43,951 | -€7,717 | -14.9% |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €81,308 | €228,494 | +€147,186 | +181.0% |
| Amounts receivable within one year | 40/41 | €35,153 | €181,409 | +€146,256 | +416.1% |
| Trade receivables | 40 | €33,645 | €171,869 | +€138,224 | +410.8% |
| Other amounts receivable | 41 | €1,508 | €9,540 | +€8,032 | +532.6% |
| Cash at bank and in hand | 54/58 | €43,307 | €44,398 | +€1,091 | +2.5% |
| Deferred charges and accrued income | 490/1 | €2,848 | €2,687 | -€161 | -5.7% |
| Total equity and liabilities | 10/49 | €224,811 | €435,312 | +€210,501 | +93.6% |
| Equity | 10/15 | €83,499 | €126,561 | +€43,061 | +51.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €71,775 | €114,837 | +€43,061 | +60.0% |
| Distributable reserves | 133 | €71,775 | €114,837 | +€43,061 | +60.0% |
| Profit (loss) carried forward | 14 | €1,724 | €1,724 | = | 0.0% |
| Amounts payable | 17/49 | €141,312 | €308,752 | +€167,440 | +118.5% |
| Amounts payable after more than one year | 17 | €75,823 | €124,048 | +€48,225 | +63.6% |
| Financial debts | 170/4 | €75,823 | €124,048 | +€48,225 | +63.6% |
| Amounts payable within one year | 42/48 | €65,489 | €184,704 | +€119,215 | +182.0% |
| Current portion of amounts payable after more than one year | 42 | €34,049 | €43,031 | +€8,982 | +26.4% |
| Trade debts | 44 | €748 | €69,651 | +€68,903 | +9205.8% |
| Suppliers | 440/4 | €748 | €69,651 | +€68,903 | +9205.8% |
| Taxes, remuneration and social security | 45 | €15,692 | €15,690 | -€1 | 0.0% |
| Taxes | 450/3 | €13,392 | €13,690 | +€299 | +2.2% |
| Remuneration and social security | 454/9 | €2,300 | €2,000 | -€300 | -13.0% |
| Other amounts payable | 47/48 | €15,000 | €56,332 | +€41,332 | +275.5% |
| Remuneration, social security and pensions | 62 | €623 | €391 | -€233 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,605 | €37,051 | +€18,446 | +99.1% |
| Other operating charges | 640/8 | €1,857 | €2,150 | +€293 | +15.8% |
| Gross operating margin | 9900 | €64,890 | €101,186 | +€36,295 | +55.9% |
| Operating profit (loss) | 9901 | €43,805 | €61,594 | +€17,789 | +40.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,994 | €4,854 | +€860 | +21.5% |
| Recurring financial charges | 65 | €3,994 | €4,854 | +€860 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €39,811 | €56,740 | +€16,929 | +42.5% |
| Income taxes | 67/77 | €8,035 | €13,678 | +€5,643 | +70.2% |
| Profit (loss) for the period | 9904 | €31,775 | €43,061 | +€11,286 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,775 | €43,061 | +€11,286 | +35.5% |
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 3 October 2026 via checked.be.