INDAGRO: 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.
INDAGRO
Largest movements
- Receivables within one year -€44,484
down €44,484 (-48.8%), from €91,184 to €46,700
of which Trade receivables: -€31,191
- Stocks and contracts +€24,321
up €24,321 (+139.3%), from €17,463 to €41,784
- Cash -€2,680
down €2,680 (-2.4%), from €111,742 to €109,063
mainly Stocks and contracts (-€24,321) and Accrued charges and deferred income (-€16,967)
- Accrued charges and deferred income -€16,967
no longer reported in 2025 (was €16,967)
- Reserves -€8,262
down €8,262 (-5.2%), from €158,843 to €150,582
of which Distributable reserves: -€8,262
- Trade debts +€5,987
up €5,987 (+237.7%), from €2,519 to €8,506
- Tax, wage and social debts -€5,044
down €5,044 (-60.6%), from €8,317 to €3,273
- Debts after one year +€3,600
new in 2025: €3,600
- Gross operating margin -€20,253
down €20,253 (-66.8%), from €30,300 to €10,047
- Financial charges -€4,628
down €4,628 (-97.2%), from €4,761 to €133
- Taxes -€2,892
no longer reported in 2025 (was €2,892)
- Depreciation +€1,238
up €1,238 (+11.0%), from €11,217 to €12,456
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 | €254,593 | €233,185 | -€21,408 | -8.4% |
| Fixed assets | 21/28 | €34,204 | €35,639 | +€1,435 | +4.2% |
| Tangible fixed assets | 22/27 | €31,205 | €32,664 | +€1,460 | +4.7% |
| Land and buildings | 22 | €10,569 | €4,483 | -€6,086 | -57.6% |
| Plant, machinery and equipment | 23 | €20,636 | €14,456 | -€6,180 | -29.9% |
| Furniture and vehicles | 24 | - | €13,725 | +€13,725 | |
| Financial fixed assets | 28 | €3,000 | €2,975 | -€25 | -0.8% |
| Current assets | 29/58 | €220,389 | €197,546 | -€22,842 | -10.4% |
| Stocks and contracts in progress | 3 | €17,463 | €41,784 | +€24,321 | +139.3% |
| Stocks | 30/36 | €17,463 | €41,784 | +€24,321 | +139.3% |
| Amounts receivable within one year | 40/41 | €91,184 | €46,700 | -€44,484 | -48.8% |
| Trade receivables | 40 | €71,048 | €39,856 | -€31,191 | -43.9% |
| Other amounts receivable | 41 | €20,136 | €6,843 | -€13,293 | -66.0% |
| Cash at bank and in hand | 54/58 | €111,742 | €109,063 | -€2,680 | -2.4% |
| Total equity and liabilities | 10/49 | €254,593 | €233,185 | -€21,408 | -8.4% |
| Equity | 10/15 | €177,435 | €169,174 | -€8,262 | -4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €158,843 | €150,582 | -€8,262 | -5.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €156,984 | €148,722 | -€8,262 | -5.3% |
| Amounts payable | 17/49 | €77,158 | €64,012 | -€13,146 | -17.0% |
| Amounts payable after more than one year | 17 | - | €3,600 | +€3,600 | |
| Other amounts payable | 178/9 | - | €3,600 | +€3,600 | |
| Amounts payable within one year | 42/48 | €60,191 | €60,412 | +€221 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €3,600 | - | -€3,600 | |
| Trade debts | 44 | €2,519 | €8,506 | +€5,987 | +237.7% |
| Suppliers | 440/4 | €2,519 | €8,506 | +€5,987 | +237.7% |
| Taxes, remuneration and social security | 45 | €8,317 | €3,273 | -€5,044 | -60.6% |
| Taxes | 450/3 | €8,317 | €3,273 | -€5,044 | -60.6% |
| Other amounts payable | 47/48 | €45,754 | €48,632 | +€2,878 | +6.3% |
| Accrued charges and deferred income | 492/3 | €16,967 | - | -€16,967 | |
| Non-recurring operating income | 76A | - | €520 | +€520 | |
| Remuneration, social security and pensions | 62 | €114 | €278 | +€163 | +142.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,217 | €12,456 | +€1,238 | +11.0% |
| Other operating charges | 640/8 | €5,529 | €5,443 | -€87 | -1.6% |
| Gross operating margin | 9900 | €30,300 | €10,047 | -€20,253 | -66.8% |
| Operating profit (loss) | 9901 | €13,439 | -€8,129 | -€21,567 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €4,761 | €133 | -€4,628 | -97.2% |
| Recurring financial charges | 65 | €4,761 | €133 | -€4,628 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €8,678 | -€8,262 | -€16,940 | |
| Income taxes | 67/77 | €2,892 | - | -€2,892 | |
| Profit (loss) for the period | 9904 | €5,786 | -€8,262 | -€14,047 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,786 | -€8,262 | -€14,047 |
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 1 October 2026 via checked.be.