ROPAGRI: 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.
ROPAGRI
Largest movements
- Tangible fixed assets -€609,919
down €609,919 (-14.3%), from €4.3m to €3.7m
of which Furniture and vehicles: -€335,749
- Receivables within one year +€150,941
up €150,941 (+15.7%), from €958,637 to €1.1m
of which Trade receivables: +€120,371
- Debts after one year -€502,105
down €502,105 (-15.6%), from €3.2m to €2.7m
- Trade debts -€280,031
down €280,031 (-40.9%), from €684,024 to €403,993
- Short-term financial debts +€200,000
up €200,000 (+100%), from €200,000 to €400,000
- Investment grants +€86,469
up €86,469 (+165%), from €52,535 to €139,004
- Current portion of long-term debt -€63,356
down €63,356 (-6.4%), from €987,960 to €924,604
- Depreciation -€144,965
down €144,965 (-13.2%), from €1.1m to €949,168
- Gross operating margin +€104,877
up €104,877 (+6.7%), from €1.6m to €1.7m
- Financial income +€24,582
up €24,582 (+90.7%), from €27,094 to €51,676
- Staff costs +€17,245
up €17,245 (+3.1%), from €551,732 to €568,977
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 | €5,735,840 | €5,229,442 | -€506,398 | -8.8% |
| Fixed assets | 21/28 | €4,279,438 | €3,669,519 | -€609,919 | -14.3% |
| Tangible fixed assets | 22/27 | €4,279,401 | €3,669,482 | -€609,919 | -14.3% |
| Plant, machinery and equipment | 23 | €1,436,682 | €1,167,816 | -€268,866 | -18.7% |
| Furniture and vehicles | 24 | €2,825,354 | €2,489,605 | -€335,749 | -11.9% |
| Other tangible fixed assets | 26 | €17,365 | €12,061 | -€5,304 | -30.5% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €1,456,402 | €1,559,923 | +€103,521 | +7.1% |
| Stocks and contracts in progress | 3 | €99,637 | €105,658 | +€6,021 | +6.0% |
| Stocks | 30/36 | €99,637 | €105,658 | +€6,021 | +6.0% |
| Amounts receivable within one year | 40/41 | €958,637 | €1,109,578 | +€150,941 | +15.7% |
| Trade receivables | 40 | €937,906 | €1,058,277 | +€120,371 | +12.8% |
| Other amounts receivable | 41 | €20,731 | €51,301 | +€30,570 | +147% |
| Cash at bank and in hand | 54/58 | €397,136 | €343,279 | -€53,857 | -13.6% |
| Deferred charges and accrued income | 490/1 | €992 | €1,408 | +€416 | +41.9% |
| Total equity and liabilities | 10/49 | €5,735,840 | €5,229,442 | -€506,398 | -8.8% |
| Equity | 10/15 | €561,783 | €649,142 | +€87,359 | +15.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €401,875 | €401,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,623 | €89,513 | +€890 | +1.0% |
| Investment grants | 15 | €52,535 | €139,004 | +€86,469 | +165% |
| Amounts payable | 17/49 | €5,174,057 | €4,580,300 | -€593,757 | -11.5% |
| Amounts payable after more than one year | 17 | €3,223,199 | €2,721,094 | -€502,105 | -15.6% |
| Financial debts | 170/4 | €3,223,199 | €2,721,094 | -€502,105 | -15.6% |
| Amounts payable within one year | 42/48 | €1,950,858 | €1,859,206 | -€91,652 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €987,960 | €924,604 | -€63,356 | -6.4% |
| Financial debts | 43 | €200,000 | €400,000 | +€200,000 | +100% |
| Credit institutions | 430/8 | €200,000 | €400,000 | +€200,000 | +100% |
| Trade debts | 44 | €684,024 | €403,993 | -€280,031 | -40.9% |
| Suppliers | 440/4 | €684,024 | €403,993 | -€280,031 | -40.9% |
| Taxes, remuneration and social security | 45 | €58,874 | €69,309 | +€10,435 | +17.7% |
| Taxes | 450/3 | €40,359 | €52,497 | +€12,138 | +30.1% |
| Remuneration and social security | 454/9 | €18,515 | €16,812 | -€1,703 | -9.2% |
| Other amounts payable | 47/48 | €20,000 | €61,300 | +€41,300 | +207% |
| Remuneration, social security and pensions | 62 | €551,732 | €568,977 | +€17,245 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,094,133 | €949,168 | -€144,965 | -13.2% |
| Other operating charges | 640/8 | €30,940 | €38,354 | +€7,414 | +24.0% |
| Gross operating margin | 9900 | €1,576,236 | €1,681,113 | +€104,877 | +6.7% |
| Operating profit (loss) | 9901 | -€100,569 | €124,614 | +€225,183 | |
| Financial income | 75/76B | €27,094 | €51,676 | +€24,582 | +90.7% |
| Recurring financial income | 75 | €27,094 | €51,676 | +€24,582 | +90.7% |
| Financial charges | 65/66B | €120,188 | €116,400 | -€3,788 | -3.2% |
| Recurring financial charges | 65 | €120,188 | €116,400 | -€3,788 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€193,663 | €59,890 | +€253,553 | |
| Profit (loss) for the period | 9904 | -€193,663 | €59,890 | +€253,553 | |
| Profit (loss) for the period to be appropriated | 9905 | -€193,663 | €59,890 | +€253,553 |
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 29 October 2026 via checked.be.