MADE-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.
MADE-AGRI
Largest movements
- Tangible fixed assets +€398,929
up €398,929 (+865%), from €46,142 to €445,071
of which Land and buildings: +€315,243
- Receivables within one year +€117,599
up €117,599 (+81.1%), from €145,060 to €262,659
of which Other amounts receivable: +€87,041
- Cash +€90,362
up €90,362 (+1,033%), from €8,747 to €99,109
mainly Net result for the year (+€284,583) and Debts after one year (+€267,765)
- Stocks and contracts +€45,599
up €45,599 (+8,157%), from €559 to €46,158
- Reserves +€282,917
up €282,917 (+313%), from €90,468 to €373,385
- Debts after one year +€267,765
up €267,765 (+876%), from €30,584 to €298,349
- Trade debts +€47,310
up €47,310 (+307%), from €15,400 to €62,710
- Tax, wage and social debts +€43,514
up €43,514 (+147%), from €29,689 to €73,203
- Current portion of long-term debt +€34,593
up €34,593 (+396%), from €8,738 to €43,331
- Gross operating margin +€278,921
up €278,921 (+228%), from €122,278 to €401,199
- Taxes +€55,993
up €55,993 (+248%), from €22,604 to €78,597
- Depreciation +€22,840
up €22,840 (+305%), from €7,481 to €30,321
- Financial charges +€7,765
up €7,765 (+518%), from €1,500 to €9,265
of which Financial charges: +€7,701
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 | €203,817 | €857,644 | +€653,827 | +321% |
| Fixed assets | 21/28 | €46,142 | €445,071 | +€398,929 | +865% |
| Tangible fixed assets | 22/27 | €46,142 | €445,071 | +€398,929 | +865% |
| Land and buildings | 22 | - | €315,243 | +€315,243 | |
| Plant, machinery and equipment | 23 | - | €27,933 | +€27,933 | |
| Furniture and vehicles | 24 | €46,142 | €101,895 | +€55,753 | +121% |
| Current assets | 29/58 | €157,675 | €412,573 | +€254,898 | +162% |
| Stocks and contracts in progress | 3 | €559 | €46,158 | +€45,599 | +8,157% |
| Stocks | 30/36 | €559 | €46,158 | +€45,599 | +8,157% |
| Amounts receivable within one year | 40/41 | €145,060 | €262,659 | +€117,599 | +81.1% |
| Trade receivables | 40 | €145,036 | €175,594 | +€30,558 | +21.1% |
| Other amounts receivable | 41 | €24 | €87,065 | +€87,041 | +362,671% |
| Cash at bank and in hand | 54/58 | €8,747 | €99,109 | +€90,362 | +1,033% |
| Deferred charges and accrued income | 490/1 | €3,309 | €4,647 | +€1,338 | +40.4% |
| Total equity and liabilities | 10/49 | €203,817 | €857,644 | +€653,827 | +321% |
| Equity | 10/15 | €95,468 | €378,385 | +€282,917 | +296% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,468 | €373,385 | +€282,917 | +313% |
| Distributable reserves | 133 | €90,468 | €373,385 | +€282,917 | +313% |
| Amounts payable | 17/49 | €108,349 | €479,259 | +€370,910 | +342% |
| Amounts payable after more than one year | 17 | €30,584 | €298,349 | +€267,765 | +876% |
| Financial debts | 170/4 | €30,584 | €298,349 | +€267,765 | +876% |
| Amounts payable within one year | 42/48 | €77,390 | €180,910 | +€103,520 | +134% |
| Current portion of amounts payable after more than one year | 42 | €8,738 | €43,331 | +€34,593 | +396% |
| Trade debts | 44 | €15,400 | €62,710 | +€47,310 | +307% |
| Suppliers | 440/4 | €15,400 | €62,710 | +€47,310 | +307% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €29,689 | €73,203 | +€43,514 | +147% |
| Taxes | 450/3 | €29,689 | €73,203 | +€43,514 | +147% |
| Other amounts payable | 47/48 | €13,563 | €1,666 | -€11,897 | -87.7% |
| Accrued charges and deferred income | 492/3 | €375 | - | -€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,481 | €30,321 | +€22,840 | +305% |
| Other operating charges | 640/8 | €225 | €400 | +€175 | +77.8% |
| Gross operating margin | 9900 | €122,278 | €401,199 | +€278,921 | +228% |
| Operating profit (loss) | 9901 | €114,572 | €370,478 | +€255,906 | +223% |
| Financial income | 75/76B | - | €1,967 | +€1,967 | |
| Recurring financial income | 75 | - | €1,967 | +€1,967 | |
| Financial charges | 65/66B | €1,500 | €9,265 | +€7,765 | +518% |
| Recurring financial charges | 65 | €1,437 | €9,138 | +€7,701 | +536% |
| Non-recurring financial charges | 66B | €63 | €127 | +€64 | +102% |
| Profit (loss) for the period before taxes | 9903 | €113,072 | €363,180 | +€250,108 | +221% |
| Income taxes | 67/77 | €22,604 | €78,597 | +€55,993 | +248% |
| Profit (loss) for the period | 9904 | €90,468 | €284,583 | +€194,115 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €90,468 | €284,583 | +€194,115 | +215% |
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 20 October 2026 via checked.be.