M & H AGRI: 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.
M & H AGRI
Largest movements
- Receivables within one year +€42,101
up €42,101 (+33.8%), from €124,605 to €166,706
of which Trade receivables: +€46,422
- Cash -€24,646
down €24,646 (-38.3%), from €64,268 to €39,622
mainly Investment in fixed assets (net) (-€114,851) and Receivables within one year (-€42,101)
- Tangible fixed assets -€11,834
down €11,834 (-2.1%), from €566,063 to €554,229
of which Furniture and vehicles: -€16,013
- Tax, wage and social debts +€34,100
up €34,100 (+143%), from €23,811 to €57,911
of which Remuneration and social security: +€33,048
- Trade debts -€20,833
down €20,833 (-32.1%), from €64,870 to €44,037
- Debts after one year -€15,770
down €15,770 (-3.7%), from €427,103 to €411,333
- Current portion of long-term debt +€11,713
up €11,713 (+7.8%), from €149,234 to €160,947
- Depreciation -€18,929
down €18,929 (-13.0%), from €145,614 to €126,685
- Staff costs +€7,232
up €7,232 (+16.0%), from €45,162 to €52,394
- Financial charges -€5,253
down €5,253 (-24.8%), from €21,166 to €15,913
- Other operating charges -€4,285
down €4,285 (-61.7%), from €6,946 to €2,661
- Gross operating margin +€3,130
up €3,130 (+1.5%), from €210,877 to €214,007
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 | €755,212 | €762,792 | +€7,580 | +1.0% |
| Fixed assets | 21/28 | €566,063 | €554,229 | -€11,834 | -2.1% |
| Tangible fixed assets | 22/27 | €566,063 | €554,229 | -€11,834 | -2.1% |
| Plant, machinery and equipment | 23 | €4,800 | €8,979 | +€4,179 | +87.1% |
| Furniture and vehicles | 24 | €561,263 | €545,250 | -€16,013 | -2.9% |
| Current assets | 29/58 | €189,149 | €208,563 | +€19,414 | +10.3% |
| Amounts receivable within one year | 40/41 | €124,605 | €166,706 | +€42,101 | +33.8% |
| Trade receivables | 40 | €109,972 | €156,394 | +€46,422 | +42.2% |
| Other amounts receivable | 41 | €14,633 | €10,312 | -€4,321 | -29.5% |
| Cash at bank and in hand | 54/58 | €64,268 | €39,622 | -€24,646 | -38.3% |
| Deferred charges and accrued income | 490/1 | €276 | €2,235 | +€1,959 | +710% |
| Total equity and liabilities | 10/49 | €755,212 | €762,792 | +€7,580 | +1.0% |
| Equity | 10/15 | €83,158 | €82,348 | -€810 | -1.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,158 | €67,348 | -€810 | -1.2% |
| Amounts payable | 17/49 | €672,054 | €680,444 | +€8,390 | +1.2% |
| Amounts payable after more than one year | 17 | €427,103 | €411,333 | -€15,770 | -3.7% |
| Financial debts | 170/4 | €427,103 | €411,333 | -€15,770 | -3.7% |
| Amounts payable within one year | 42/48 | €244,431 | €269,109 | +€24,678 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €149,234 | €160,947 | +€11,713 | +7.8% |
| Trade debts | 44 | €64,870 | €44,037 | -€20,833 | -32.1% |
| Suppliers | 440/4 | €64,870 | €44,037 | -€20,833 | -32.1% |
| Taxes, remuneration and social security | 45 | €23,811 | €57,911 | +€34,100 | +143% |
| Taxes | 450/3 | €14,581 | €15,633 | +€1,052 | +7.2% |
| Remuneration and social security | 454/9 | €9,230 | €42,278 | +€33,048 | +358% |
| Other amounts payable | 47/48 | €6,516 | €6,214 | -€302 | -4.6% |
| Accrued charges and deferred income | 492/3 | €520 | €2 | -€518 | -99.6% |
| Remuneration, social security and pensions | 62 | €45,162 | €52,394 | +€7,232 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,614 | €126,685 | -€18,929 | -13.0% |
| Other operating charges | 640/8 | €6,946 | €2,661 | -€4,285 | -61.7% |
| Non-recurring operating charges | 66A | - | €17,381 | +€17,381 | |
| Gross operating margin | 9900 | €210,877 | €214,007 | +€3,130 | +1.5% |
| Operating profit (loss) | 9901 | €13,155 | €14,887 | +€1,732 | +13.2% |
| Financial income | 75/76B | €78 | €216 | +€138 | +177% |
| Recurring financial income | 75 | €78 | €216 | +€138 | +177% |
| Financial charges | 65/66B | €21,166 | €15,913 | -€5,253 | -24.8% |
| Recurring financial charges | 65 | €21,166 | €15,913 | -€5,253 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,933 | -€810 | +€7,123 | +89.8% |
| Profit (loss) for the period | 9904 | -€7,933 | -€810 | +€7,123 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,933 | -€810 | +€7,123 | +89.8% |
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 31 October 2026 via checked.be.