MEFRAKO-AGRI: what changed
MEFRAKO-AGRI
Largest movements
- Stocks and contracts +€118,215
new in 2025: €118,215
- Receivables within one year -€92,052
down €92,052 (-53.6%), from €171,666 to €79,614
of which Other amounts receivable: -€63,191
- Cash +€56,866
up €56,866 (+103%), from €54,973 to €111,839
mainly Other debts (+€242,058) and Receivables within one year (+€92,052)
- Tangible fixed assets -€18,571
down €18,571 (-14.3%), from €129,673 to €111,102
- Other debts +€242,058
up €242,058 (+1,011%), from €23,939 to €265,997
- Trade debts -€101,934
down €101,934 (-94.5%), from €107,866 to €5,932
- Debts after one year -€43,832
down €43,832 (-70.3%), from €62,354 to €18,522
- Tax, wage and social debts -€38,373
down €38,373 (-91.4%), from €41,974 to €3,601
- Reserves +€5,677
up €5,677 (+10.9%), from €52,209 to €57,886
- Gross operating margin +€18,767
up €18,767 (+143%), from €13,166 to €31,933
- Depreciation +€18,245
up €18,245 (+5,587%), from €327 to €18,571
- Other operating charges -€8,702
down €8,702 (-93.6%), from €9,296 to €593
- Financial charges +€3,673
up €3,673 (+110%), from €3,342 to €7,016
- Taxes +€542
up €542 (+2,092%), from €26 to €568
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,313 | €420,771 | +€64,458 | +18.1% |
| Fixed assets | 21/28 | €129,673 | €111,102 | -€18,571 | -14.3% |
| Tangible fixed assets | 22/27 | €129,673 | €111,102 | -€18,571 | -14.3% |
| Furniture and vehicles | 24 | €129,673 | €111,102 | -€18,571 | -14.3% |
| Current assets | 29/58 | €226,639 | €309,669 | +€83,029 | +36.6% |
| Stocks and contracts in progress | 3 | - | €118,215 | +€118,215 | |
| Stocks | 30/36 | - | €118,215 | +€118,215 | |
| Amounts receivable within one year | 40/41 | €171,666 | €79,614 | -€92,052 | -53.6% |
| Trade receivables | 40 | €104,043 | €75,182 | -€28,861 | -27.7% |
| Other amounts receivable | 41 | €67,623 | €4,432 | -€63,191 | -93.4% |
| Cash at bank and in hand | 54/58 | €54,973 | €111,839 | +€56,866 | +103% |
| Total equity and liabilities | 10/49 | €356,313 | €420,771 | +€64,458 | +18.1% |
| Equity | 10/15 | €77,209 | €82,886 | +€5,677 | +7.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €52,209 | €57,886 | +€5,677 | +10.9% |
| Distributable reserves | 133 | €52,209 | €57,886 | +€5,677 | +10.9% |
| Amounts payable | 17/49 | €279,104 | €337,884 | +€58,780 | +21.1% |
| Amounts payable after more than one year | 17 | €62,354 | €18,522 | -€43,832 | -70.3% |
| Financial debts | 170/4 | €62,354 | €18,522 | -€43,832 | -70.3% |
| Amounts payable within one year | 42/48 | €216,750 | €319,363 | +€102,612 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €42,971 | €43,832 | +€861 | +2.0% |
| Trade debts | 44 | €107,866 | €5,932 | -€101,934 | -94.5% |
| Suppliers | 440/4 | €107,866 | €5,932 | -€101,934 | -94.5% |
| Taxes, remuneration and social security | 45 | €41,974 | €3,601 | -€38,373 | -91.4% |
| Taxes | 450/3 | €41,974 | €3,601 | -€38,373 | -91.4% |
| Other amounts payable | 47/48 | €23,939 | €265,997 | +€242,058 | +1,011% |
| Non-recurring operating income | 76A | €4,078 | €0 | -€4,078 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €18,571 | +€18,245 | +5,587% |
| Other operating charges | 640/8 | €9,296 | €593 | -€8,702 | -93.6% |
| Gross operating margin | 9900 | €13,166 | €31,933 | +€18,767 | +143% |
| Operating profit (loss) | 9901 | €3,544 | €12,769 | +€9,225 | +260% |
| Financial income | 75/76B | €84 | €492 | +€409 | +488% |
| Recurring financial income | 75 | €84 | €492 | +€409 | +488% |
| Financial charges | 65/66B | €3,342 | €7,016 | +€3,673 | +110% |
| Recurring financial charges | 65 | €3,342 | €7,016 | +€3,673 | +110% |
| Profit (loss) for the period before taxes | 9903 | €285 | €6,245 | +€5,960 | +2,092% |
| Income taxes | 67/77 | €26 | €568 | +€542 | +2,092% |
| Profit (loss) for the period | 9904 | €259 | €5,677 | +€5,418 | +2,092% |
| Profit (loss) for the period to be appropriated | 9905 | €259 | €5,677 | +€5,418 | +2,092% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.