MEN 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.
MEN AGRI
Largest movements
- Cash -€62,994
down €62,994 (-59.1%), from €106,554 to €43,559
mainly Investment in fixed assets (net) (-€121,096) and Receivables within one year (-€52,767)
- Tangible fixed assets +€59,318
up €59,318 (+15.9%), from €372,326 to €431,645
of which Furniture and vehicles: +€83,064
- Receivables within one year +€52,767
up €52,767 (+37.8%), from €139,569 to €192,336
of which Trade receivables: +€52,619
- Trade debts +€62,976
up €62,976 (+428%), from €14,726 to €77,702
- Debts after one year -€15,638
down €15,638 (-8.2%), from €190,306 to €174,668
- Profit (loss) carried forward +€8,823
up €8,823 (+57.2%), from €15,423 to €24,246
- Staff costs -€10,716
down €10,716 (-19.7%), from €54,427 to €43,711
- Depreciation +€8,135
up €8,135 (+15.2%), from €53,372 to €61,507
- Taxes +€1,457
up €1,457, from -€1,457 to €0
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 | €624,398 | €678,291 | +€53,893 | +8.6% |
| Fixed assets | 21/28 | €373,961 | €433,550 | +€59,588 | +15.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €372,326 | €431,645 | +€59,318 | +15.9% |
| Land and buildings | 22 | €221,844 | €206,630 | -€15,213 | -6.9% |
| Plant, machinery and equipment | 23 | €65,130 | €56,597 | -€8,533 | -13.1% |
| Furniture and vehicles | 24 | €85,353 | €168,417 | +€83,064 | +97.3% |
| Financial fixed assets | 28 | €1,635 | €1,905 | +€270 | +16.5% |
| Current assets | 29/58 | €250,436 | €244,741 | -€5,695 | -2.3% |
| Amounts receivable within one year | 40/41 | €139,569 | €192,336 | +€52,767 | +37.8% |
| Trade receivables | 40 | €138,569 | €191,187 | +€52,619 | +38.0% |
| Other amounts receivable | 41 | €1,000 | €1,148 | +€148 | +14.8% |
| Cash at bank and in hand | 54/58 | €106,554 | €43,559 | -€62,994 | -59.1% |
| Deferred charges and accrued income | 490/1 | €4,314 | €8,846 | +€4,532 | +105% |
| Total equity and liabilities | 10/49 | €624,398 | €678,291 | +€53,893 | +8.6% |
| Equity | 10/15 | €356,126 | €364,949 | +€8,823 | +2.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €190,703 | €190,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,163 | €44,163 | = | 0.0% |
| Distributable reserves | 133 | €131,539 | €131,539 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,423 | €24,246 | +€8,823 | +57.2% |
| Amounts payable | 17/49 | €268,272 | €313,342 | +€45,070 | +16.8% |
| Amounts payable after more than one year | 17 | €190,306 | €174,668 | -€15,638 | -8.2% |
| Other amounts payable | 178/9 | €190,306 | €174,668 | -€15,638 | -8.2% |
| Amounts payable within one year | 42/48 | €76,193 | €136,791 | +€60,598 | +79.5% |
| Trade debts | 44 | €14,726 | €77,702 | +€62,976 | +428% |
| Suppliers | 440/4 | €14,726 | €77,702 | +€62,976 | +428% |
| Taxes, remuneration and social security | 45 | €15,934 | €13,424 | -€2,509 | -15.7% |
| Taxes | 450/3 | €11,997 | €7,953 | -€4,043 | -33.7% |
| Remuneration and social security | 454/9 | €3,937 | €5,471 | +€1,534 | +39.0% |
| Other amounts payable | 47/48 | €45,533 | €45,665 | +€132 | +0.3% |
| Accrued charges and deferred income | 492/3 | €1,773 | €1,883 | +€110 | +6.2% |
| Remuneration, social security and pensions | 62 | €54,427 | €43,711 | -€10,716 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,372 | €61,507 | +€8,135 | +15.2% |
| Other operating charges | 640/8 | €4,945 | €4,430 | -€515 | -10.4% |
| Gross operating margin | 9900 | €122,049 | €122,978 | +€929 | +0.8% |
| Operating profit (loss) | 9901 | €9,304 | €13,329 | +€4,025 | +43.3% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €4,790 | €4,506 | -€283 | -5.9% |
| Recurring financial charges | 65 | €4,790 | €4,506 | -€283 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €4,570 | €8,823 | +€4,254 | +93.1% |
| Income taxes | 67/77 | -€1,457 | €0 | +€1,457 | |
| Profit (loss) for the period | 9904 | €6,027 | €8,823 | +€2,797 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,027 | €8,823 | +€2,797 | +46.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.