RN-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.
RN-Agri
Largest movements
- Receivables within one year -€243,623
down €243,623 (-59.5%), from €409,658 to €166,035
of which Trade receivables: -€257,718
- Tangible fixed assets -€112,692
down €112,692 (-7.1%), from €1.6m to €1.5m
of which Furniture and vehicles: -€154,919
- Cash -€52,469
down €52,469 (-63.4%), from €82,752 to €30,283
mainly Trade debts (-€255,067) and Investment in fixed assets (net) (-€184,995)
- Deferred charges and accrued income -€43,521
down €43,521 (-36.7%), from €118,567 to €75,047
- Trade debts -€255,067
down €255,067 (-67.2%), from €379,564 to €124,498
- Debts after one year -€159,320
down €159,320 (-12.3%), from €1.3m to €1.1m
of which Financial debts: -€159,320
- Current portion of long-term debt +€42,927
up €42,927 (+16.5%), from €260,146 to €303,073
- Profit (loss) carried forward -€39,833
new in 2025: -€39,833
- Reserves -€37,407
down €37,407 (-38.5%), from €97,072 to €59,665
- Gross operating margin -€144,426
down €144,426 (-22.6%), from €639,192 to €494,765
- Depreciation +€79,954
up €79,954 (+36.4%), from €219,401 to €299,356
- Staff costs +€64,214
up €64,214 (+52.7%), from €121,791 to €186,006
- Financial charges +€8,933
up €8,933 (+19.4%), from €46,063 to €54,996
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 | €2,216,732 | €1,777,081 | -€439,650 | -19.8% |
| Formation expenses | 20 | €5,925 | €4,258 | -€1,668 | -28.1% |
| Fixed assets | 21/28 | €1,589,439 | €1,476,746 | -€112,692 | -7.1% |
| Tangible fixed assets | 22/27 | €1,576,839 | €1,464,146 | -€112,692 | -7.1% |
| Plant, machinery and equipment | 23 | €366,912 | €377,048 | +€10,137 | +2.8% |
| Furniture and vehicles | 24 | €944,417 | €789,498 | -€154,919 | -16.4% |
| Leasing and similar rights | 25 | €265,510 | €297,600 | +€32,090 | +12.1% |
| Financial fixed assets | 28 | €12,600 | €12,600 | = | 0.0% |
| Current assets | 29/58 | €621,367 | €296,078 | -€325,290 | -52.4% |
| Stocks and contracts in progress | 3 | €10,390 | €24,713 | +€14,323 | +137.9% |
| Stocks | 30/36 | €10,390 | €24,713 | +€14,323 | +137.9% |
| Amounts receivable within one year | 40/41 | €409,658 | €166,035 | -€243,623 | -59.5% |
| Trade receivables | 40 | €372,534 | €114,816 | -€257,718 | -69.2% |
| Other amounts receivable | 41 | €37,124 | €51,219 | +€14,095 | +38.0% |
| Cash at bank and in hand | 54/58 | €82,752 | €30,283 | -€52,469 | -63.4% |
| Deferred charges and accrued income | 490/1 | €118,567 | €75,047 | -€43,521 | -36.7% |
| Total equity and liabilities | 10/49 | €2,216,732 | €1,777,081 | -€439,650 | -19.8% |
| Equity | 10/15 | €262,384 | €183,343 | -€79,040 | -30.1% |
| Contributions | 10/11 | €163,512 | €163,512 | = | 0.0% |
| Reserves | 13 | €97,072 | €59,665 | -€37,407 | -38.5% |
| Distributable reserves | 133 | €97,072 | €59,665 | -€37,407 | -38.5% |
| Profit (loss) carried forward | 14 | - | -€39,833 | -€39,833 | |
| Investment grants | 15 | €1,800 | €0 | -€1,800 | -100.0% |
| Amounts payable | 17/49 | €1,954,348 | €1,593,738 | -€360,610 | -18.5% |
| Amounts payable after more than one year | 17 | €1,293,551 | €1,134,231 | -€159,320 | -12.3% |
| Financial debts | 170/4 | €1,293,551 | €1,134,231 | -€159,320 | -12.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €660,249 | €459,507 | -€200,742 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €260,146 | €303,073 | +€42,927 | +16.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €379,564 | €124,498 | -€255,067 | -67.2% |
| Suppliers | 440/4 | €379,564 | €124,498 | -€255,067 | -67.2% |
| Taxes, remuneration and social security | 45 | €13,017 | €17,112 | +€4,095 | +31.5% |
| Taxes | 450/3 | €0 | €2,025 | +€2,025 | |
| Remuneration and social security | 454/9 | €13,017 | €15,087 | +€2,070 | +15.9% |
| Other amounts payable | 47/48 | €7,522 | €14,824 | +€7,302 | +97.1% |
| Accrued charges and deferred income | 492/3 | €547 | €0 | -€547 | -100.0% |
| Non-recurring operating income | 76A | €160,260 | €6,571 | -€153,689 | -95.9% |
| Remuneration, social security and pensions | 62 | €121,791 | €186,006 | +€64,214 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,401 | €299,356 | +€79,954 | +36.4% |
| Other operating charges | 640/8 | €2,825 | €7,946 | +€5,121 | +181.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €212,446 | €25,550 | -€186,896 | -88.0% |
| Gross operating margin | 9900 | €639,192 | €494,765 | -€144,426 | -22.6% |
| Operating profit (loss) | 9901 | €82,727 | -€24,092 | -€106,819 | |
| Financial income | 75/76B | €743 | €1,848 | +€1,105 | +148.8% |
| Recurring financial income | 75 | €743 | €1,848 | +€1,105 | +148.8% |
| Financial charges | 65/66B | €46,063 | €54,996 | +€8,933 | +19.4% |
| Recurring financial charges | 65 | €46,063 | €54,996 | +€8,933 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €37,407 | -€77,240 | -€114,648 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €37,407 | -€77,240 | -€114,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,407 | -€77,240 | -€114,648 |
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 10 October 2026 via checked.be.