PHILUC-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.
PHILUC-AGRI
Largest movements
- Tangible fixed assets -€23,494
down €23,494 (-22.6%), from €103,778 to €80,284
of which Furniture and vehicles: -€17,179
- Cash -€23,107
down €23,107 (-34.1%), from €67,732 to €44,626
mainly Current investments (-€18,220) and Debts after one year (-€16,908)
- Current investments +€18,220
up €18,220 (+70.8%), from €25,730 to €43,950
- Receivables within one year -€4,498
down €4,498 (-63.0%), from €7,135 to €2,637
- Debts after one year -€16,908
down €16,908 (-28.7%), from €58,823 to €41,915
- Reserves -€7,500
down €7,500 (-7.1%), from €105,610 to €98,110
of which Distributable reserves: -€7,500
- Advances received -€5,110
down €5,110 (-92.8%), from €5,508 to €398
- Profit (loss) carried forward -€3,765
down €3,765 (-97.5%), from €3,860 to €95
- Gross operating margin -€20,560
down €20,560 (-60.4%), from €34,028 to €13,468
- Taxes -€2,992
down €2,992 (-97.5%), from €3,067 to €75
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 | €204,375 | €171,497 | -€32,878 | -16.1% |
| Fixed assets | 21/28 | €103,778 | €80,284 | -€23,494 | -22.6% |
| Tangible fixed assets | 22/27 | €103,778 | €80,284 | -€23,494 | -22.6% |
| Land and buildings | 22 | €29,712 | €25,614 | -€4,098 | -13.8% |
| Plant, machinery and equipment | 23 | €6,777 | €4,560 | -€2,217 | -32.7% |
| Furniture and vehicles | 24 | €67,289 | €50,110 | -€17,179 | -25.5% |
| Current assets | 29/58 | €100,597 | €91,213 | -€9,384 | -9.3% |
| Amounts receivable within one year | 40/41 | €7,135 | €2,637 | -€4,498 | -63.0% |
| Trade receivables | 40 | €7,135 | €2,637 | -€4,498 | -63.0% |
| Current investments | 50/53 | €25,730 | €43,950 | +€18,220 | +70.8% |
| Cash at bank and in hand | 54/58 | €67,732 | €44,626 | -€23,107 | -34.1% |
| Total equity and liabilities | 10/49 | €204,375 | €171,497 | -€32,878 | -16.1% |
| Equity | 10/15 | €115,670 | €104,405 | -€11,265 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €105,610 | €98,110 | -€7,500 | -7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,750 | €96,250 | -€7,500 | -7.2% |
| Profit (loss) carried forward | 14 | €3,860 | €95 | -€3,765 | -97.5% |
| Amounts payable | 17/49 | €88,704 | €67,092 | -€21,612 | -24.4% |
| Amounts payable after more than one year | 17 | €58,823 | €41,915 | -€16,908 | -28.7% |
| Financial debts | 170/4 | €58,823 | €41,915 | -€16,908 | -28.7% |
| Amounts payable within one year | 42/48 | €29,881 | €25,177 | -€4,705 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €16,908 | €16,908 | = | 0.0% |
| Trade debts | 44 | €300 | €1,356 | +€1,056 | +352% |
| Suppliers | 440/4 | €300 | €1,356 | +€1,056 | +352% |
| Advances received on contracts in progress | 46 | €5,508 | €398 | -€5,110 | -92.8% |
| Taxes, remuneration and social security | 45 | €5,024 | €4,843 | -€181 | -3.6% |
| Taxes | 450/3 | €5,024 | - | -€5,024 | |
| Remuneration and social security | 454/9 | - | €4,843 | +€4,843 | |
| Other amounts payable | 47/48 | €2,142 | €1,672 | -€470 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,494 | €23,494 | = | 0.0% |
| Other operating charges | 640/8 | €364 | €347 | -€16 | -4.5% |
| Gross operating margin | 9900 | €34,028 | €13,468 | -€20,560 | -60.4% |
| Operating profit (loss) | 9901 | €10,170 | -€10,373 | -€20,544 | |
| Financial income | 75/76B | - | €309 | +€309 | |
| Recurring financial income | 75 | - | €309 | +€309 | |
| Financial charges | 65/66B | €1,114 | €1,126 | +€12 | +1.1% |
| Recurring financial charges | 65 | €1,114 | €1,126 | +€12 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €9,056 | -€11,190 | -€20,247 | |
| Income taxes | 67/77 | €3,067 | €75 | -€2,992 | -97.5% |
| Profit (loss) for the period | 9904 | €5,989 | -€11,265 | -€17,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,989 | -€11,265 | -€17,255 |
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 28 October 2026 via checked.be.