MS. AGRI: 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.
MS. AGRI
Largest movements
- Tangible fixed assets +€231,323
up €231,323 (+180.3%), from €128,299 to €359,622
of which Furniture and vehicles: +€221,924
- Receivables within one year -€4,853
down €4,853 (-9.6%), from €50,306 to €45,453
of which Other amounts receivable: -€18,641
- Debts after one year +€152,986
new in 2025: €152,986
- Other debts +€120,900
new in 2025: €120,900
- Profit (loss) carried forward -€50,419
down €50,419, from €13,848 to -€36,572
- Current portion of long-term debt +€25,993
new in 2025: €25,993
- Trade debts -€18,480
down €18,480 (-12.4%), from €149,499 to €131,019
- Depreciation +€62,311
up €62,311 (+4447.4%), from €1,401 to €63,712
- Gross operating margin +€39,165
up €39,165 (+191.5%), from €20,448 to €59,613
- Other operating charges +€35,013
new in 2025: €35,013
- Staff costs +€8,139
new in 2025: €8,139
- Taxes -€5,187
no longer reported in 2025 (was €5,187)
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 | €181,534 | €414,394 | +€232,861 | +128.3% |
| Fixed assets | 21/28 | €128,299 | €359,622 | +€231,323 | +180.3% |
| Tangible fixed assets | 22/27 | €128,299 | €359,622 | +€231,323 | +180.3% |
| Plant, machinery and equipment | 23 | €128,299 | €123,554 | -€4,745 | -3.7% |
| Furniture and vehicles | 24 | - | €221,924 | +€221,924 | |
| Other tangible fixed assets | 26 | - | €14,144 | +€14,144 | |
| Current assets | 29/58 | €53,235 | €54,772 | +€1,538 | +2.9% |
| Amounts receivable within one year | 40/41 | €50,306 | €45,453 | -€4,853 | -9.6% |
| Trade receivables | 40 | €22,537 | €36,325 | +€13,788 | +61.2% |
| Other amounts receivable | 41 | €27,769 | €9,128 | -€18,641 | -67.1% |
| Cash at bank and in hand | 54/58 | €2,929 | €5,965 | +€3,035 | +103.6% |
| Deferred charges and accrued income | 490/1 | - | €3,355 | +€3,355 | |
| Total equity and liabilities | 10/49 | €181,534 | €414,394 | +€232,861 | +128.3% |
| Equity | 10/15 | €26,848 | -€23,572 | -€50,419 | |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,848 | -€36,572 | -€50,419 | |
| Amounts payable | 17/49 | €154,686 | €437,966 | +€283,280 | +183.1% |
| Amounts payable after more than one year | 17 | - | €152,986 | +€152,986 | |
| Financial debts | 170/4 | - | €152,986 | +€152,986 | |
| Amounts payable within one year | 42/48 | €154,686 | €284,841 | +€130,155 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | - | €25,993 | +€25,993 | |
| Trade debts | 44 | €149,499 | €131,019 | -€18,480 | -12.4% |
| Suppliers | 440/4 | €149,499 | €131,019 | -€18,480 | -12.4% |
| Taxes, remuneration and social security | 45 | €5,187 | €6,928 | +€1,741 | +33.6% |
| Taxes | 450/3 | €5,187 | €5,187 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €1,741 | +€1,741 | |
| Other amounts payable | 47/48 | - | €120,900 | +€120,900 | |
| Accrued charges and deferred income | 492/3 | - | €139 | +€139 | |
| Remuneration, social security and pensions | 62 | - | €8,139 | +€8,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,401 | €63,712 | +€62,311 | +4447.4% |
| Other operating charges | 640/8 | - | €35,013 | +€35,013 | |
| Gross operating margin | 9900 | €20,448 | €59,613 | +€39,165 | +191.5% |
| Operating profit (loss) | 9901 | €19,047 | -€47,251 | -€66,298 | |
| Financial charges | 65/66B | €12 | €3,168 | +€3,156 | +25954.5% |
| Recurring financial charges | 65 | €12 | €3,168 | +€3,156 | +25954.5% |
| Profit (loss) for the period before taxes | 9903 | €19,035 | -€50,419 | -€69,454 | |
| Income taxes | 67/77 | €5,187 | - | -€5,187 | |
| Profit (loss) for the period | 9904 | €13,848 | -€50,419 | -€64,267 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,848 | -€50,419 | -€64,267 |
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 7 October 2026 via checked.be.