SB AGRO: 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.
SB AGRO
Largest movements
- Cash -€329,713
down €329,713 (-59.6%), from €552,818 to €223,104
mainly Net result for the year (-€317,208) and Trade debts (-€180,261)
- Receivables within one year -€109,536
down €109,536 (-31.5%), from €348,214 to €238,677
of which Trade receivables: -€73,702
- Stocks and contracts -€39,857
down €39,857 (-27.1%), from €147,133 to €107,276
- Profit (loss) carried forward -€317,208
down €317,208 (-72.3%), from €439,024 to €121,817
- Trade debts -€180,261
down €180,261 (-57.5%), from €313,503 to €133,242
- Other operating charges +€293,680
up €293,680 (+46.0%), from €639,011 to €932,691
- Financial income -€175,915
no longer reported in 2025 (was €175,915)
- Financial charges -€171,847
down €171,847 (-94.8%), from €181,225 to €9,379
- Gross operating margin -€59,219
down €59,219 (-82.4%), from €71,835 to €12,616
- Write-downs +€14,236
up €14,236 (+2.2%), from -€636,790 to -€622,554
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 | €1,081,383 | €591,801 | -€489,582 | -45.3% |
| Fixed assets | 21/28 | €32,793 | €22,743 | -€10,050 | -30.6% |
| Tangible fixed assets | 22/27 | €32,793 | €22,743 | -€10,050 | -30.6% |
| Furniture and vehicles | 24 | €32,793 | €22,743 | -€10,050 | -30.6% |
| Current assets | 29/58 | €1,048,590 | €569,058 | -€479,532 | -45.7% |
| Stocks and contracts in progress | 3 | €147,133 | €107,276 | -€39,857 | -27.1% |
| Stocks | 30/36 | €147,133 | €107,276 | -€39,857 | -27.1% |
| Amounts receivable within one year | 40/41 | €348,214 | €238,677 | -€109,536 | -31.5% |
| Trade receivables | 40 | €300,930 | €227,228 | -€73,702 | -24.5% |
| Other amounts receivable | 41 | €47,283 | €11,449 | -€35,834 | -75.8% |
| Cash at bank and in hand | 54/58 | €552,818 | €223,104 | -€329,713 | -59.6% |
| Deferred charges and accrued income | 490/1 | €425 | - | -€425 | |
| Total equity and liabilities | 10/49 | €1,081,383 | €591,801 | -€489,582 | -45.3% |
| Equity | 10/15 | €509,782 | €192,574 | -€317,208 | -62.2% |
| Contributions | 10/11 | €64,323 | €64,323 | = | 0.0% |
| Capital | 10 | €64,323 | €64,323 | = | 0.0% |
| Issued capital | 100 | €64,323 | €64,323 | = | 0.0% |
| Reserves | 13 | €6,435 | €6,435 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,435 | €6,435 | = | 0.0% |
| Legal reserve | 130 | €6,435 | €6,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,024 | €121,817 | -€317,208 | -72.3% |
| Amounts payable | 17/49 | €571,601 | €399,227 | -€172,374 | -30.2% |
| Amounts payable within one year | 42/48 | €570,021 | €396,253 | -€173,769 | -30.5% |
| Trade debts | 44 | €313,503 | €133,242 | -€180,261 | -57.5% |
| Suppliers | 440/4 | €313,503 | €133,242 | -€180,261 | -57.5% |
| Taxes, remuneration and social security | 45 | €2,137 | €2,108 | -€30 | -1.4% |
| Taxes | 450/3 | €2,137 | €2,108 | -€30 | -1.4% |
| Other amounts payable | 47/48 | €254,381 | €260,903 | +€6,521 | +2.6% |
| Accrued charges and deferred income | 492/3 | €1,580 | €2,974 | +€1,394 | +88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €10,050 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€636,790 | -€622,554 | +€14,236 | +2.2% |
| Other operating charges | 640/8 | €639,011 | €932,691 | +€293,680 | +46.0% |
| Gross operating margin | 9900 | €71,835 | €12,616 | -€59,219 | -82.4% |
| Operating profit (loss) | 9901 | €59,564 | -€307,571 | -€367,135 | |
| Financial income | 75/76B | €175,915 | - | -€175,915 | |
| Recurring financial income | 75 | €175,915 | - | -€175,915 | |
| Financial charges | 65/66B | €181,225 | €9,379 | -€171,847 | -94.8% |
| Recurring financial charges | 65 | €181,225 | €9,379 | -€171,847 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €54,254 | -€316,950 | -€371,204 | |
| Income taxes | 67/77 | €287 | €258 | -€30 | -10.3% |
| Profit (loss) for the period | 9904 | €53,966 | -€317,208 | -€371,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,966 | -€317,208 | -€371,174 |
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 4 October 2026 via checked.be.