HERAGRO: 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.
HERAGRO
Largest movements
- Tangible fixed assets +€38,085
up €38,085 (+24.5%), from €155,627 to €193,712
of which Furniture and vehicles: +€42,356
- Cash +€9,522
up €9,522 (+29.1%), from €32,710 to €42,232
mainly Debts after one year (+€24,592) and Depreciation (+€13,593)
- Receivables within one year +€8,806
up €8,806 (+46.0%), from €19,127 to €27,932
of which Trade receivables: +€7,757
- Debts after one year +€24,592
up €24,592 (+21.8%), from €112,940 to €137,532
- Trade debts +€12,464
up €12,464 (+47.7%), from €26,115 to €38,578
- Current portion of long-term debt +€9,901
up €9,901 (+97.3%), from €10,171 to €20,071
- Other debts +€8,360
up €8,360 (+62.1%), from €13,464 to €21,824
- Depreciation +€4,936
up €4,936 (+57.0%), from €8,657 to €13,593
- Gross operating margin +€4,005
up €4,005 (+28.6%), from €13,999 to €18,003
- Financial charges +€647
up €647 (+30.9%), from €2,096 to €2,742
- Other operating charges -€365
down €365 (-43.0%), from €849 to €484
- Taxes -€296
down €296 (-32.1%), from €924 to €628
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 | €207,464 | €263,877 | +€56,412 | +27.2% |
| Fixed assets | 21/28 | €155,627 | €193,712 | +€38,085 | +24.5% |
| Tangible fixed assets | 22/27 | €155,627 | €193,712 | +€38,085 | +24.5% |
| Land and buildings | 22 | €153,127 | €146,970 | -€6,157 | -4.0% |
| Plant, machinery and equipment | 23 | - | €1,886 | +€1,886 | |
| Furniture and vehicles | 24 | €2,500 | €44,856 | +€42,356 | +1694.2% |
| Current assets | 29/58 | €51,837 | €70,164 | +€18,328 | +35.4% |
| Amounts receivable within one year | 40/41 | €19,127 | €27,932 | +€8,806 | +46.0% |
| Trade receivables | 40 | €13,381 | €21,138 | +€7,757 | +58.0% |
| Other amounts receivable | 41 | €5,746 | €6,795 | +€1,049 | +18.3% |
| Cash at bank and in hand | 54/58 | €32,710 | €42,232 | +€9,522 | +29.1% |
| Total equity and liabilities | 10/49 | €207,464 | €263,877 | +€56,412 | +27.2% |
| Equity | 10/15 | €42,462 | €43,018 | +€555 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,462 | €40,018 | +€555 | +1.4% |
| Distributable reserves | 133 | €39,462 | €40,018 | +€555 | +1.4% |
| Amounts payable | 17/49 | €165,002 | €220,859 | +€55,857 | +33.9% |
| Amounts payable after more than one year | 17 | €112,940 | €137,532 | +€24,592 | +21.8% |
| Financial debts | 170/4 | €112,940 | €137,532 | +€24,592 | +21.8% |
| Amounts payable within one year | 42/48 | €52,061 | €83,326 | +€31,265 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €10,171 | €20,071 | +€9,901 | +97.3% |
| Trade debts | 44 | €26,115 | €38,578 | +€12,464 | +47.7% |
| Suppliers | 440/4 | €26,115 | €38,578 | +€12,464 | +47.7% |
| Taxes, remuneration and social security | 45 | €2,312 | €2,852 | +€541 | +23.4% |
| Taxes | 450/3 | €1,012 | €1,552 | +€541 | +53.4% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €13,464 | €21,824 | +€8,360 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,657 | €13,593 | +€4,936 | +57.0% |
| Other operating charges | 640/8 | €849 | €484 | -€365 | -43.0% |
| Gross operating margin | 9900 | €13,999 | €18,003 | +€4,005 | +28.6% |
| Operating profit (loss) | 9901 | €4,492 | €3,925 | -€567 | -12.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,096 | €2,742 | +€647 | +30.9% |
| Recurring financial charges | 65 | €2,096 | €2,742 | +€647 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €2,397 | €1,183 | -€1,213 | -50.6% |
| Income taxes | 67/77 | €924 | €628 | -€296 | -32.1% |
| Profit (loss) for the period | 9904 | €1,472 | €555 | -€917 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,472 | €555 | -€917 | -62.3% |
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 5 October 2026 via checked.be.