HUSAGRO: 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.
HUSAGRO
Largest movements
- Tangible fixed assets -€472,046
down €472,046 (-9.9%), from €4.8m to €4.3m
- Cash +€432,588
up €432,588 (+29.3%), from €1.5m to €1.9m
mainly Depreciation (+€605,313) and Net result for the year (+€588,766)
- Current investments +€250,000
up €250,000 (+25.2%), from €990,288 to €1.2m
- Deferred charges and accrued income -€248,086
down €248,086 (-92.0%), from €269,602 to €21,515
- Debts after one year -€339,913
down €339,913 (-16.3%), from €2.1m to €1.7m
- Reserves +€288,766
up €288,766 (+7.2%), from €4.0m to €4.3m
of which Tax-exempt reserves: +€189,450
- Other debts +€271,356
up €271,356 (+801%), from €33,894 to €305,250
- Current portion of long-term debt -€141,953
down €141,953 (-29.5%), from €481,866 to €339,913
- Accrued charges and deferred income -€119,813
down €119,813 (-45.6%), from €262,985 to €143,172
- Gross operating margin -€513,541
down €513,541 (-20.5%), from €2.5m to €2.0m
- Depreciation -€135,675
down €135,675 (-18.3%), from €740,988 to €605,313
- Taxes -€118,582
down €118,582 (-33.1%), from €357,819 to €239,237
- Financial income +€56,362
up €56,362 (+1,043%), from €5,403 to €61,766
- Staff costs -€38,728
down €38,728 (-7.0%), from €555,516 to €516,788
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 | €8,224,349 | €8,162,813 | -€61,536 | -0.7% |
| Fixed assets | 21/28 | €4,800,920 | €4,330,874 | -€470,046 | -9.8% |
| Tangible fixed assets | 22/27 | €4,777,071 | €4,305,025 | -€472,046 | -9.9% |
| Land and buildings | 22 | €3,694,813 | €3,468,466 | -€226,347 | -6.1% |
| Plant, machinery and equipment | 23 | €899,655 | €686,804 | -€212,851 | -23.7% |
| Furniture and vehicles | 24 | €139,095 | €117,648 | -€21,447 | -15.4% |
| Leasing and similar rights | 25 | €43,507 | €32,107 | -€11,400 | -26.2% |
| Financial fixed assets | 28 | €23,849 | €25,849 | +€2,000 | +8.4% |
| Current assets | 29/58 | €3,423,430 | €3,831,940 | +€408,510 | +11.9% |
| Stocks and contracts in progress | 3 | €201,050 | €135,316 | -€65,734 | -32.7% |
| Stocks | 30/36 | €201,050 | €135,316 | -€65,734 | -32.7% |
| Amounts receivable within one year | 40/41 | €485,102 | €524,845 | +€39,743 | +8.2% |
| Trade receivables | 40 | €350,371 | €226,621 | -€123,750 | -35.3% |
| Other amounts receivable | 41 | €134,731 | €298,224 | +€163,493 | +121% |
| Current investments | 50/53 | €990,288 | €1,240,288 | +€250,000 | +25.2% |
| Cash at bank and in hand | 54/58 | €1,477,388 | €1,909,975 | +€432,588 | +29.3% |
| Deferred charges and accrued income | 490/1 | €269,602 | €21,515 | -€248,086 | -92.0% |
| Total equity and liabilities | 10/49 | €8,224,349 | €8,162,813 | -€61,536 | -0.7% |
| Equity | 10/15 | €5,033,018 | €5,321,783 | +€288,766 | +5.7% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €4,008,347 | €4,297,113 | +€288,766 | +7.2% |
| Non-distributable reserves | 130/1 | €9,860 | €9,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,860 | €9,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €378,900 | +€189,450 | +100% |
| Distributable reserves | 133 | €3,809,037 | €3,908,353 | +€99,316 | +2.6% |
| Profit (loss) carried forward | 14 | €926,071 | €926,071 | = | 0.0% |
| Amounts payable | 17/49 | €3,191,332 | €2,841,030 | -€350,302 | -11.0% |
| Amounts payable after more than one year | 17 | €2,081,861 | €1,741,948 | -€339,913 | -16.3% |
| Financial debts | 170/4 | €2,081,861 | €1,741,948 | -€339,913 | -16.3% |
| Amounts payable within one year | 42/48 | €846,486 | €955,910 | +€109,425 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €481,866 | €339,913 | -€141,953 | -29.5% |
| Trade debts | 44 | €208,824 | €224,879 | +€16,055 | +7.7% |
| Suppliers | 440/4 | €208,824 | €224,879 | +€16,055 | +7.7% |
| Taxes, remuneration and social security | 45 | €121,901 | €85,869 | -€36,033 | -29.6% |
| Taxes | 450/3 | €105,027 | €85,869 | -€19,159 | -18.2% |
| Remuneration and social security | 454/9 | €16,874 | €0 | -€16,874 | -100% |
| Other amounts payable | 47/48 | €33,894 | €305,250 | +€271,356 | +801% |
| Accrued charges and deferred income | 492/3 | €262,985 | €143,172 | -€119,813 | -45.6% |
| Remuneration, social security and pensions | 62 | €555,516 | €516,788 | -€38,728 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740,988 | €605,313 | -€135,675 | -18.3% |
| Other operating charges | 640/8 | €37,511 | €38,336 | +€825 | +2.2% |
| Gross operating margin | 9900 | €2,503,901 | €1,990,360 | -€513,541 | -20.5% |
| Operating profit (loss) | 9901 | €1,169,885 | €829,923 | -€339,962 | -29.1% |
| Financial income | 75/76B | €5,403 | €61,766 | +€56,362 | +1,043% |
| Recurring financial income | 75 | €5,403 | €61,766 | +€56,362 | +1,043% |
| Financial charges | 65/66B | €71,147 | €63,686 | -€7,461 | -10.5% |
| Recurring financial charges | 65 | €71,147 | €63,686 | -€7,461 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €1,104,142 | €828,003 | -€276,139 | -25.0% |
| Income taxes | 67/77 | €357,819 | €239,237 | -€118,582 | -33.1% |
| Profit (loss) for the period | 9904 | €746,323 | €588,766 | -€157,557 | -21.1% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €0 | -€63,150 | -100% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €189,450 | +€105,250 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €725,273 | €399,316 | -€325,957 | -44.9% |
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 15 October 2026 via checked.be.