HAGRI: 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.
HAGRI
Largest movements
- Receivables within one year +€66,018
up €66,018 (+20.5%), from €322,047 to €388,065
of which Other amounts receivable: +€194,554
- Stocks and contracts -€5,841
down €5,841 (-22.5%), from €26,010 to €20,169
- Profit (loss) carried forward +€46,105
up €46,105 (+20.8%), from €221,239 to €267,344
- Other debts +€27,878
up €27,878 (+156%), from €17,879 to €45,757
- Tax, wage and social debts -€13,632
down €13,632 (-75.6%), from €18,022 to €4,390
- Trade debts -€4,178
down €4,178 (-26.1%), from €15,983 to €11,805
- Gross operating margin -€14,322
down €14,322 (-16.5%), from €86,989 to €72,667
- Taxes -€3,654
down €3,654 (-19.2%), from €19,022 to €15,368
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 | €354,975 | €414,834 | +€59,859 | +16.9% |
| Current assets | 29/58 | €354,975 | €414,834 | +€59,859 | +16.9% |
| Stocks and contracts in progress | 3 | €26,010 | €20,169 | -€5,841 | -22.5% |
| Stocks | 30/36 | €26,010 | €20,169 | -€5,841 | -22.5% |
| Amounts receivable within one year | 40/41 | €322,047 | €388,065 | +€66,018 | +20.5% |
| Trade receivables | 40 | €136,786 | €8,250 | -€128,536 | -94.0% |
| Other amounts receivable | 41 | €185,261 | €379,815 | +€194,554 | +105% |
| Cash at bank and in hand | 54/58 | €1,190 | €1,366 | +€176 | +14.8% |
| Deferred charges and accrued income | 490/1 | €5,728 | €5,234 | -€494 | -8.6% |
| Total equity and liabilities | 10/49 | €354,975 | €414,834 | +€59,859 | +16.9% |
| Equity | 10/15 | €297,980 | €344,085 | +€46,105 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,141 | €58,141 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,281 | €56,281 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €221,239 | €267,344 | +€46,105 | +20.8% |
| Amounts payable | 17/49 | €56,995 | €70,749 | +€13,754 | +24.1% |
| Amounts payable within one year | 42/48 | €56,995 | €70,749 | +€13,754 | +24.1% |
| Financial debts | 43 | €5,111 | €8,797 | +€3,686 | +72.1% |
| Credit institutions | 430/8 | €5,111 | €8,797 | +€3,686 | +72.1% |
| Trade debts | 44 | €15,983 | €11,805 | -€4,178 | -26.1% |
| Suppliers | 440/4 | €15,983 | €11,805 | -€4,178 | -26.1% |
| Taxes, remuneration and social security | 45 | €18,022 | €4,390 | -€13,632 | -75.6% |
| Taxes | 450/3 | €18,022 | €4,390 | -€13,632 | -75.6% |
| Other amounts payable | 47/48 | €17,879 | €45,757 | +€27,878 | +156% |
| Remuneration, social security and pensions | 62 | €344 | €402 | +€58 | +16.8% |
| Other operating charges | 640/8 | €242 | €244 | +€2 | +0.8% |
| Gross operating margin | 9900 | €86,989 | €72,667 | -€14,322 | -16.5% |
| Operating profit (loss) | 9901 | €86,403 | €72,021 | -€14,382 | -16.6% |
| Financial income | 75/76B | €722 | €320 | -€402 | -55.7% |
| Recurring financial income | 75 | €722 | €320 | -€402 | -55.7% |
| Financial charges | 65/66B | €1,038 | €868 | -€170 | -16.4% |
| Recurring financial charges | 65 | €1,038 | €868 | -€170 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €86,087 | €71,473 | -€14,614 | -17.0% |
| Income taxes | 67/77 | €19,022 | €15,368 | -€3,654 | -19.2% |
| Profit (loss) for the period | 9904 | €67,065 | €56,105 | -€10,960 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,065 | €56,105 | -€10,960 | -16.3% |
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 18 October 2026 via checked.be.