XAGRO: 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.
XAGRO
Largest movements
- Cash -€103,495
down €103,495 (-73.7%), from €140,387 to €36,892
mainly Current investments (-€82,902) and Investment in fixed assets (net) (-€70,891)
- Current investments +€82,902
new in 2025: €82,902
- Tangible fixed assets +€24,008
up €24,008 (+20.9%), from €114,914 to €138,923
of which Furniture and vehicles: +€30,327
- Other debts +€25,057
up €25,057 (+255.5%), from €9,806 to €34,863
- Reserves -€14,900
down €14,900 (-9.4%), from €158,915 to €144,015
of which Tax-exempt reserves: -€9,015
- Tax, wage and social debts -€4,650
down €4,650 (-33.0%), from €14,072 to €9,422
- Accrued charges and deferred income +€3,780
new in 2025: €3,780
- Gross operating margin -€15,960
down €15,960 (-17.3%), from €92,201 to €76,241
- Taxes +€3,067
up €3,067 (+47.3%), from €6,490 to €9,556
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 | €277,219 | €281,984 | +€4,765 | +1.7% |
| Fixed assets | 21/28 | €115,049 | €139,058 | +€24,008 | +20.9% |
| Tangible fixed assets | 22/27 | €114,914 | €138,923 | +€24,008 | +20.9% |
| Plant, machinery and equipment | 23 | €31,536 | €25,217 | -€6,319 | -20.0% |
| Furniture and vehicles | 24 | €83,378 | €113,706 | +€30,327 | +36.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €162,170 | €142,927 | -€19,243 | -11.9% |
| Amounts receivable within one year | 40/41 | €20,817 | €20,577 | -€240 | -1.2% |
| Trade receivables | 40 | €15,359 | €2,107 | -€13,252 | -86.3% |
| Other amounts receivable | 41 | €5,458 | €18,470 | +€13,012 | +238.4% |
| Current investments | 50/53 | - | €82,902 | +€82,902 | |
| Cash at bank and in hand | 54/58 | €140,387 | €36,892 | -€103,495 | -73.7% |
| Deferred charges and accrued income | 490/1 | €967 | €2,557 | +€1,590 | +164.5% |
| Total equity and liabilities | 10/49 | €277,219 | €281,984 | +€4,765 | +1.7% |
| Equity | 10/15 | €233,915 | €219,015 | -€14,900 | -6.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €158,915 | €144,015 | -€14,900 | -9.4% |
| Tax-exempt reserves | 132 | €33,629 | €24,614 | -€9,015 | -26.8% |
| Distributable reserves | 133 | €125,286 | €119,401 | -€5,885 | -4.7% |
| Provisions and deferred taxes | 16 | €8,407 | €6,153 | -€2,254 | -26.8% |
| Deferred taxes | 168 | €8,407 | €6,153 | -€2,254 | -26.8% |
| Amounts payable | 17/49 | €34,897 | €56,816 | +€21,919 | +62.8% |
| Amounts payable within one year | 42/48 | €34,897 | €53,036 | +€18,139 | +52.0% |
| Trade debts | 44 | €11,019 | €8,751 | -€2,268 | -20.6% |
| Suppliers | 440/4 | €11,019 | €8,751 | -€2,268 | -20.6% |
| Taxes, remuneration and social security | 45 | €14,072 | €9,422 | -€4,650 | -33.0% |
| Taxes | 450/3 | €14,072 | €9,422 | -€4,650 | -33.0% |
| Other amounts payable | 47/48 | €9,806 | €34,863 | +€25,057 | +255.5% |
| Accrued charges and deferred income | 492/3 | - | €3,780 | +€3,780 | |
| Non-recurring operating income | 76A | €27,400 | €850 | -€26,550 | -96.9% |
| Remuneration, social security and pensions | 62 | €205 | - | -€205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,043 | €46,883 | -€160 | -0.3% |
| Other operating charges | 640/8 | €2,454 | €2,709 | +€255 | +10.4% |
| Gross operating margin | 9900 | €92,201 | €76,241 | -€15,960 | -17.3% |
| Operating profit (loss) | 9901 | €42,499 | €26,648 | -€15,850 | -37.3% |
| Financial income | 75/76B | €672 | €681 | +€9 | +1.4% |
| Recurring financial income | 75 | €672 | €681 | +€9 | +1.4% |
| Financial charges | 65/66B | €499 | €564 | +€65 | +13.0% |
| Recurring financial charges | 65 | €499 | €564 | +€65 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €42,671 | €26,765 | -€15,906 | -37.3% |
| Transfer from deferred taxes | 780 | €1,599 | €2,254 | +€655 | +40.9% |
| Transfer to deferred taxes | 680 | €5,480 | - | -€5,480 | |
| Income taxes | 67/77 | €6,490 | €9,556 | +€3,067 | +47.3% |
| Profit (loss) for the period | 9904 | €32,301 | €19,463 | -€12,838 | -39.7% |
| Transfer from tax-exempt reserves | 789 | €6,397 | €9,015 | +€2,618 | +40.9% |
| Transfer to tax-exempt reserves | 689 | €21,920 | - | -€21,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,778 | €28,478 | +€11,700 | +69.7% |
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 1 October 2026 via checked.be.