QUAD - 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.
QUAD - AGRI
Largest movements
- Tangible fixed assets +€131,932
up €131,932 (+298%), from €44,233 to €176,165
of which Furniture and vehicles: +€69,265
- Cash -€84,863
down €84,863 (-25.2%), from €337,133 to €252,270
mainly Investment in fixed assets (net) (-€146,533) and Trade debts (-€71,995)
- Receivables within one year +€60,268
up €60,268 (+34.1%), from €176,578 to €236,846
of which Other amounts receivable: +€72,977
- Advances received +€79,638
new in 2025: €79,638
- Trade debts -€71,995
down €71,995 (-18.6%), from €386,305 to €314,310
- Profit (loss) carried forward +€46,907
up €46,907 (+15.7%), from €298,219 to €345,126
- Other debts +€40,284
up €40,284 (+3,120%), from €1,291 to €41,575
- Tax, wage and social debts +€21,788
up €21,788 (+22.7%), from €95,922 to €117,710
of which Remuneration and social security: +€10,999
- Gross operating margin -€225,193
down €225,193 (-40.2%), from €559,610 to €334,417
- Staff costs +€109,552
up €109,552 (+136%), from €80,529 to €190,081
- Taxes -€74,810
down €74,810 (-72.9%), from €102,590 to €27,780
- Financial income +€16,793
up €16,793 (+6,954%), from €241 to €17,034
- Depreciation +€10,286
up €10,286 (+238%), from €4,315 to €14,601
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 | €1,906,847 | €2,036,762 | +€129,915 | +6.8% |
| Fixed assets | 21/28 | €50,295 | €182,227 | +€131,932 | +262% |
| Tangible fixed assets | 22/27 | €44,233 | €176,165 | +€131,932 | +298% |
| Land and buildings | 22 | - | €31,956 | +€31,956 | |
| Plant, machinery and equipment | 23 | €13,292 | €19,052 | +€5,761 | +43.3% |
| Furniture and vehicles | 24 | €10,108 | €79,373 | +€69,265 | +685% |
| Other tangible fixed assets | 26 | €20,834 | €45,784 | +€24,950 | +120% |
| Financial fixed assets | 28 | €6,062 | €6,062 | = | 0.0% |
| Current assets | 29/58 | €1,856,552 | €1,854,535 | -€2,017 | -0.1% |
| Amounts receivable after more than one year | 29 | €365,000 | €365,000 | = | 0.0% |
| Other amounts receivable | 291 | €365,000 | €365,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €977,841 | €997,319 | +€19,478 | +2.0% |
| Stocks | 30/36 | €977,841 | €997,319 | +€19,478 | +2.0% |
| Amounts receivable within one year | 40/41 | €176,578 | €236,846 | +€60,268 | +34.1% |
| Trade receivables | 40 | €93,179 | €80,471 | -€12,708 | -13.6% |
| Other amounts receivable | 41 | €83,399 | €156,375 | +€72,977 | +87.5% |
| Cash at bank and in hand | 54/58 | €337,133 | €252,270 | -€84,863 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €3,099 | +€3,099 | |
| Total equity and liabilities | 10/49 | €1,906,847 | €2,036,762 | +€129,915 | +6.8% |
| Equity | 10/15 | €1,022,670 | €1,069,577 | +€46,907 | +4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €705,859 | €705,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €704,000 | €704,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,219 | €345,126 | +€46,907 | +15.7% |
| Amounts payable | 17/49 | €884,177 | €967,185 | +€83,008 | +9.4% |
| Amounts payable after more than one year | 17 | €343,385 | €339,331 | -€4,053 | -1.2% |
| Financial debts | 170/4 | €343,385 | €339,331 | -€4,053 | -1.2% |
| Amounts payable within one year | 42/48 | €540,792 | €627,830 | +€87,037 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €57,275 | €74,596 | +€17,321 | +30.2% |
| Trade debts | 44 | €386,305 | €314,310 | -€71,995 | -18.6% |
| Suppliers | 440/4 | €386,305 | €314,310 | -€71,995 | -18.6% |
| Advances received on contracts in progress | 46 | - | €79,638 | +€79,638 | |
| Taxes, remuneration and social security | 45 | €95,922 | €117,710 | +€21,788 | +22.7% |
| Taxes | 450/3 | €82,589 | €93,378 | +€10,789 | +13.1% |
| Remuneration and social security | 454/9 | €13,333 | €24,332 | +€10,999 | +82.5% |
| Other amounts payable | 47/48 | €1,291 | €41,575 | +€40,284 | +3,120% |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €80,529 | €190,081 | +€109,552 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,315 | €14,601 | +€10,286 | +238% |
| Other operating charges | 640/8 | €14,609 | €11,386 | -€3,223 | -22.1% |
| Non-recurring operating charges | 66A | €67,115 | €3,117 | -€63,998 | -95.4% |
| Gross operating margin | 9900 | €559,610 | €334,417 | -€225,193 | -40.2% |
| Operating profit (loss) | 9901 | €393,042 | €115,232 | -€277,809 | -70.7% |
| Financial income | 75/76B | €241 | €17,034 | +€16,793 | +6,954% |
| Recurring financial income | 75 | €241 | €17,034 | +€16,793 | +6,954% |
| Financial charges | 65/66B | €9,445 | €17,580 | +€8,135 | +86.1% |
| Recurring financial charges | 65 | €9,445 | €17,580 | +€8,135 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €383,838 | €114,687 | -€269,152 | -70.1% |
| Income taxes | 67/77 | €102,590 | €27,780 | -€74,810 | -72.9% |
| Profit (loss) for the period | 9904 | €281,248 | €86,907 | -€194,342 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €281,248 | €86,907 | -€194,342 | -69.1% |
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 24 October 2026 via checked.be.