TB 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.
TB Agri
Largest movements
- Cash -€470,953
down €470,953 (-64.2%), from €733,817 to €262,864
mainly Investment in fixed assets (net) (-€748,522) and Receivables within one year (-€343,863)
- Receivables within one year +€343,863
up €343,863 (+55.3%), from €621,708 to €965,571
of which Other amounts receivable: +€431,036
- Tangible fixed assets +€237,164
up €237,164 (+23.1%), from €1.0m to €1.3m
of which Furniture and vehicles: +€259,760
- Reserves +€248,525
up €248,525 (+32.7%), from €760,000 to €1.0m
of which Non-distributable reserves: +€300,000
- Current portion of long-term debt -€100,363
down €100,363 (-19.5%), from €513,616 to €413,253
- Trade debts -€69,348
down €69,348 (-28.8%), from €241,064 to €171,717
- Provisions +€56,175
new in 2025: €56,175
- Tax, wage and social debts -€40,808
down €40,808 (-56.4%), from €72,392 to €31,584
of which Remuneration and social security: -€36,528
- Gross operating margin -€283,683
down €283,683 (-20.2%), from €1.4m to €1.1m
- Depreciation -€199,820
down €199,820 (-28.5%), from €700,877 to €501,057
- Staff costs -€42,602
down €42,602 (-13.1%), from €324,856 to €282,254
- Taxes -€35,784
down €35,784 (-63.9%), from €56,017 to €20,233
- Write-downs -€32,372
down €32,372 (-330%), from -€9,805 to -€42,177
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 | €2,446,333 | €2,546,467 | +€100,134 | +4.1% |
| Fixed assets | 21/28 | €1,028,243 | €1,275,707 | +€247,464 | +24.1% |
| Tangible fixed assets | 22/27 | €1,024,703 | €1,261,867 | +€237,164 | +23.1% |
| Plant, machinery and equipment | 23 | €9,735 | €7,928 | -€1,807 | -18.6% |
| Furniture and vehicles | 24 | €988,963 | €1,248,723 | +€259,760 | +26.3% |
| Leasing and similar rights | 25 | €23,919 | €0 | -€23,919 | -100% |
| Other tangible fixed assets | 26 | €2,085 | €5,216 | +€3,131 | +150% |
| Financial fixed assets | 28 | €3,540 | €13,840 | +€10,300 | +291% |
| Current assets | 29/58 | €1,418,091 | €1,270,760 | -€147,331 | -10.4% |
| Stocks and contracts in progress | 3 | €37,333 | €23,763 | -€13,570 | -36.3% |
| Stocks | 30/36 | €37,333 | €23,763 | -€13,570 | -36.3% |
| Amounts receivable within one year | 40/41 | €621,708 | €965,571 | +€343,863 | +55.3% |
| Trade receivables | 40 | €613,331 | €526,157 | -€87,173 | -14.2% |
| Other amounts receivable | 41 | €8,377 | €439,413 | +€431,036 | +5,145% |
| Cash at bank and in hand | 54/58 | €733,817 | €262,864 | -€470,953 | -64.2% |
| Deferred charges and accrued income | 490/1 | €25,233 | €18,562 | -€6,671 | -26.4% |
| Total equity and liabilities | 10/49 | €2,446,333 | €2,546,467 | +€100,134 | +4.1% |
| Equity | 10/15 | €911,702 | €1,155,166 | +€243,463 | +26.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €760,000 | €1,008,525 | +€248,525 | +32.7% |
| Non-distributable reserves | 130/1 | - | €300,000 | +€300,000 | |
| Other | 1319 | - | €300,000 | +€300,000 | |
| Tax-exempt reserves | 132 | - | €168,525 | +€168,525 | |
| Distributable reserves | 133 | €760,000 | €540,000 | -€220,000 | -28.9% |
| Profit (loss) carried forward | 14 | €7,607 | €6,013 | -€1,594 | -21.0% |
| Investment grants | 15 | €4,095 | €628 | -€3,468 | -84.7% |
| Provisions and deferred taxes | 16 | - | €56,175 | +€56,175 | |
| Deferred taxes | 168 | - | €56,175 | +€56,175 | |
| Amounts payable | 17/49 | €1,534,631 | €1,335,126 | -€199,505 | -13.0% |
| Amounts payable after more than one year | 17 | €688,619 | €718,395 | +€29,776 | +4.3% |
| Financial debts | 170/4 | €688,619 | €718,395 | +€29,776 | +4.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €845,431 | €616,553 | -€228,878 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €513,616 | €413,253 | -€100,363 | -19.5% |
| Trade debts | 44 | €241,064 | €171,717 | -€69,348 | -28.8% |
| Suppliers | 440/4 | €241,064 | €171,717 | -€69,348 | -28.8% |
| Taxes, remuneration and social security | 45 | €72,392 | €31,584 | -€40,808 | -56.4% |
| Taxes | 450/3 | €15,297 | €11,017 | -€4,280 | -28.0% |
| Remuneration and social security | 454/9 | €57,095 | €20,567 | -€36,528 | -64.0% |
| Other amounts payable | 47/48 | €18,359 | €0 | -€18,359 | -100% |
| Accrued charges and deferred income | 492/3 | €581 | €178 | -€403 | -69.3% |
| Non-recurring operating income | 76A | €16,904 | €0 | -€16,904 | -100% |
| Remuneration, social security and pensions | 62 | €324,856 | €282,254 | -€42,602 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,877 | €501,057 | -€199,820 | -28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,805 | -€42,177 | -€32,372 | -330% |
| Other operating charges | 640/8 | €27,176 | €34,844 | +€7,667 | +28.2% |
| Non-recurring operating charges | 66A | €16,904 | €0 | -€16,904 | -100% |
| Gross operating margin | 9900 | €1,405,804 | €1,122,121 | -€283,683 | -20.2% |
| Operating profit (loss) | 9901 | €345,796 | €346,143 | +€348 | +0.1% |
| Financial income | 75/76B | €16,258 | €12,242 | -€4,016 | -24.7% |
| Recurring financial income | 75 | €16,258 | €12,242 | -€4,016 | -24.7% |
| Financial charges | 65/66B | €39,460 | €35,046 | -€4,413 | -11.2% |
| Recurring financial charges | 65 | €39,460 | €35,046 | -€4,413 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €322,594 | €323,339 | +€745 | +0.2% |
| Transfer from deferred taxes | 780 | - | €18,025 | +€18,025 | |
| Transfer to deferred taxes | 680 | - | €74,200 | +€74,200 | |
| Income taxes | 67/77 | €56,017 | €20,233 | -€35,784 | -63.9% |
| Profit (loss) for the period | 9904 | €266,577 | €246,931 | -€19,646 | -7.4% |
| Transfer from tax-exempt reserves | 789 | - | €54,075 | +€54,075 | |
| Transfer to tax-exempt reserves | 689 | - | €222,600 | +€222,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €266,577 | €78,406 | -€188,171 | -70.6% |
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 22 October 2026 via checked.be.