INAGRA: 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.
INAGRA
Largest movements
- Receivables within one year +€194,792
up €194,792 (+140.1%), from €139,086 to €333,878
of which Trade receivables: +€191,475
- Cash -€160,370
down €160,370 (-73.0%), from €219,665 to €59,295
mainly Receivables within one year (-€194,792) and Trade debts (-€30,617)
- Stocks and contracts -€32,850
down €32,850 (-15.3%), from €214,460 to €181,610
- Tangible fixed assets -€22,934
down €22,934 (-5.3%), from €433,922 to €410,987
of which Land and buildings: -€22,607
- Trade debts -€30,617
down €30,617 (-55.8%), from €54,904 to €24,288
- Debts after one year -€29,211
down €29,211 (-7.4%), from €397,096 to €367,885
- Other debts +€21,898
up €21,898 (+8.2%), from €266,108 to €288,006
- Reserves +€16,370
up €16,370 (+6.0%), from €271,125 to €287,494
- Gross operating margin +€57,438
up €57,438 (+128.2%), from €44,791 to €102,230
- Depreciation +€8,269
up €8,269 (+31.7%), from €26,100 to €34,369
- Taxes +€5,537
up €5,537, from -€1,357 to €4,179
- Other operating charges +€1,487
up €1,487 (+17.2%), from €8,621 to €10,108
- Financial charges -€1,263
down €1,263 (-6.2%), from €20,262 to €18,999
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 | €1,051,365 | €1,023,235 | -€28,130 | -2.7% |
| Fixed assets | 21/28 | €474,899 | €443,765 | -€31,134 | -6.6% |
| Intangible fixed assets | 21 | €40,978 | €32,778 | -€8,200 | -20.0% |
| Tangible fixed assets | 22/27 | €433,922 | €410,987 | -€22,934 | -5.3% |
| Land and buildings | 22 | €422,629 | €400,022 | -€22,607 | -5.3% |
| Plant, machinery and equipment | 23 | €4,966 | €4,783 | -€183 | -3.7% |
| Furniture and vehicles | 24 | €6,327 | €6,183 | -€144 | -2.3% |
| Current assets | 29/58 | €576,465 | €579,470 | +€3,005 | +0.5% |
| Stocks and contracts in progress | 3 | €214,460 | €181,610 | -€32,850 | -15.3% |
| Stocks | 30/36 | €214,460 | €181,610 | -€32,850 | -15.3% |
| Amounts receivable within one year | 40/41 | €139,086 | €333,878 | +€194,792 | +140.1% |
| Trade receivables | 40 | €107,687 | €299,162 | +€191,475 | +177.8% |
| Other amounts receivable | 41 | €31,399 | €34,716 | +€3,317 | +10.6% |
| Cash at bank and in hand | 54/58 | €219,665 | €59,295 | -€160,370 | -73.0% |
| Deferred charges and accrued income | 490/1 | €3,254 | €4,686 | +€1,432 | +44.0% |
| Total equity and liabilities | 10/49 | €1,051,365 | €1,023,235 | -€28,130 | -2.7% |
| Equity | 10/15 | €289,675 | €306,044 | +€16,370 | +5.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €271,125 | €287,494 | +€16,370 | +6.0% |
| Distributable reserves | 133 | €271,125 | €287,494 | +€16,370 | +6.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €761,690 | €717,191 | -€44,499 | -5.8% |
| Amounts payable after more than one year | 17 | €397,096 | €367,885 | -€29,211 | -7.4% |
| Financial debts | 170/4 | €397,096 | €367,885 | -€29,211 | -7.4% |
| Amounts payable within one year | 42/48 | €364,224 | €348,584 | -€15,640 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €28,095 | €29,211 | +€1,117 | +4.0% |
| Trade debts | 44 | €54,904 | €24,288 | -€30,617 | -55.8% |
| Suppliers | 440/4 | €54,904 | €24,288 | -€30,617 | -55.8% |
| Advances received on contracts in progress | 46 | €6,830 | €6,830 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,287 | €249 | -€8,038 | -97.0% |
| Taxes | 450/3 | €8,287 | €249 | -€8,038 | -97.0% |
| Other amounts payable | 47/48 | €266,108 | €288,006 | +€21,898 | +8.2% |
| Accrued charges and deferred income | 492/3 | €370 | €722 | +€352 | +95.2% |
| Non-recurring operating income | 76A | €1,250 | €0 | -€1,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,100 | €34,369 | +€8,269 | +31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €273 | -€638 | -€910 | |
| Other operating charges | 640/8 | €8,621 | €10,108 | +€1,487 | +17.2% |
| Gross operating margin | 9900 | €44,791 | €102,230 | +€57,438 | +128.2% |
| Operating profit (loss) | 9901 | €9,798 | €58,391 | +€48,593 | +495.9% |
| Financial income | 75/76B | €1,025 | €1,157 | +€132 | +12.9% |
| Recurring financial income | 75 | €1,025 | €1,157 | +€132 | +12.9% |
| Financial charges | 65/66B | €20,262 | €18,999 | -€1,263 | -6.2% |
| Recurring financial charges | 65 | €20,262 | €18,999 | -€1,263 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,439 | €40,549 | +€49,988 | |
| Income taxes | 67/77 | -€1,357 | €4,179 | +€5,537 | |
| Profit (loss) for the period | 9904 | -€8,082 | €36,370 | +€44,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,082 | €36,370 | +€44,452 |
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 9 October 2026 via checked.be.