HAGRICO: 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.
HAGRICO
Largest movements
- Tangible fixed assets -€2,336
down €2,336 (-10.3%), from €22,597 to €20,261
of which Land and buildings: -€1,636
- Receivables within one year +€2,012
up €2,012 (+1.5%), from €137,587 to €139,599
of which Other amounts receivable: +€7,700
- Trade debts -€25,069
down €25,069 (-28.4%), from €88,355 to €63,286
- Other debts +€12,524
up €12,524 (+154%), from €8,131 to €20,655
- Profit (loss) carried forward +€12,292
up €12,292 (+69.9%), from -€17,573 to -€5,281
- Accrued charges and deferred income +€1,727
new in 2025: €1,727
- Gross operating margin +€28,574
up €28,574, from -€11,672 to €16,902
- Depreciation -€982
down €982 (-29.6%), from €3,318 to €2,336
- Other operating charges -€579
down €579 (-21.2%), from €2,734 to €2,155
- Financial income -€200
no longer reported in 2025 (was €200)
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 | €167,353 | €167,748 | +€396 | +0.2% |
| Fixed assets | 21/28 | €23,836 | €21,500 | -€2,336 | -9.8% |
| Tangible fixed assets | 22/27 | €22,597 | €20,261 | -€2,336 | -10.3% |
| Land and buildings | 22 | €20,293 | €18,657 | -€1,636 | -8.1% |
| Plant, machinery and equipment | 23 | €2,303 | €1,603 | -€700 | -30.4% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €143,516 | €146,248 | +€2,732 | +1.9% |
| Amounts receivable within one year | 40/41 | €137,587 | €139,599 | +€2,012 | +1.5% |
| Trade receivables | 40 | €128,676 | €122,988 | -€5,688 | -4.4% |
| Other amounts receivable | 41 | €8,911 | €16,611 | +€7,700 | +86.4% |
| Cash at bank and in hand | 54/58 | €4,119 | €4,839 | +€720 | +17.5% |
| Deferred charges and accrued income | 490/1 | €1,811 | €1,811 | = | 0.0% |
| Total equity and liabilities | 10/49 | €167,353 | €167,748 | +€396 | +0.2% |
| Equity | 10/15 | €69,789 | €82,081 | +€12,292 | +17.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €25,862 | €25,862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €19,712 | €19,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,573 | -€5,281 | +€12,292 | +69.9% |
| Amounts payable | 17/49 | €97,564 | €85,667 | -€11,896 | -12.2% |
| Amounts payable within one year | 42/48 | €97,564 | €83,941 | -€13,623 | -14.0% |
| Trade debts | 44 | €88,355 | €63,286 | -€25,069 | -28.4% |
| Suppliers | 440/4 | €88,355 | €63,286 | -€25,069 | -28.4% |
| Taxes, remuneration and social security | 45 | €1,078 | - | -€1,078 | |
| Taxes | 450/3 | €1,078 | - | -€1,078 | |
| Other amounts payable | 47/48 | €8,131 | €20,655 | +€12,524 | +154% |
| Accrued charges and deferred income | 492/3 | - | €1,727 | +€1,727 | |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | €2,336 | -€982 | -29.6% |
| Other operating charges | 640/8 | €2,734 | €2,155 | -€579 | -21.2% |
| Gross operating margin | 9900 | -€11,672 | €16,902 | +€28,574 | |
| Operating profit (loss) | 9901 | -€17,724 | €12,411 | +€30,135 | |
| Financial income | 75/76B | €200 | - | -€200 | |
| Recurring financial income | 75 | €200 | - | -€200 | |
| Financial charges | 65/66B | €50 | €119 | +€69 | +140% |
| Recurring financial charges | 65 | €50 | €119 | +€69 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€17,573 | €12,292 | +€29,866 | |
| Profit (loss) for the period | 9904 | -€17,573 | €12,292 | +€29,866 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,573 | €12,292 | +€29,866 |
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 26 October 2026 via checked.be.