XAMAGRI: 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.
XAMAGRI
Largest movements
- Cash +€103,511
up €103,511 (+482%), from €21,486 to €124,997
mainly Other debts (+€110,000) and Receivables within one year (+€67,546)
- Tangible fixed assets +€88,209
up €88,209 (+3.4%), from €2.6m to €2.7m
of which Plant, machinery and equipment: +€90,968
- Receivables within one year -€67,546
no longer reported in 2025 (was €67,546)
- Other debts +€110,000
up €110,000 (+15.7%), from €701,265 to €811,265
- Gross operating margin +€14,226
up €14,226 (+26.4%), from €53,806 to €68,032
- Depreciation -€3,718
down €3,718 (-6.1%), from €60,502 to €56,784
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 | €2,716,141 | €2,817,519 | +€101,377 | +3.7% |
| Fixed assets | 21/28 | €2,598,425 | €2,686,634 | +€88,209 | +3.4% |
| Tangible fixed assets | 22/27 | €2,597,990 | €2,686,199 | +€88,209 | +3.4% |
| Land and buildings | 22 | €2,517,777 | €2,515,017 | -€2,760 | -0.1% |
| Plant, machinery and equipment | 23 | €80,213 | €171,182 | +€90,968 | +113% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €117,716 | €130,885 | +€13,169 | +11.2% |
| Stocks and contracts in progress | 3 | €27,428 | €5,211 | -€22,217 | -81.0% |
| Stocks | 30/36 | €27,428 | €5,211 | -€22,217 | -81.0% |
| Amounts receivable within one year | 40/41 | €67,546 | - | -€67,546 | |
| Trade receivables | 40 | €67,546 | - | -€67,546 | |
| Cash at bank and in hand | 54/58 | €21,486 | €124,997 | +€103,511 | +482% |
| Deferred charges and accrued income | 490/1 | €1,256 | €677 | -€579 | -46.1% |
| Total equity and liabilities | 10/49 | €2,716,141 | €2,817,519 | +€101,377 | +3.7% |
| Equity | 10/15 | €2,000,596 | €2,004,625 | +€4,029 | +0.2% |
| Contributions | 10/11 | €2,000,219 | €2,000,219 | = | 0.0% |
| Capital | 10 | - | €2,000,219 | +€2.0m | |
| Issued capital | 100 | - | €2,000,219 | +€2.0m | |
| Reserves | 13 | €6,416 | €6,416 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,416 | €6,416 | = | 0.0% |
| Legal reserve | 130 | - | €6,416 | +€6,416 | |
| Reserves not available under the articles | 1311 | €6,416 | - | -€6,416 | |
| Profit (loss) carried forward | 14 | -€6,039 | -€2,010 | +€4,029 | +66.7% |
| Amounts payable | 17/49 | €715,545 | €812,894 | +€97,349 | +13.6% |
| Amounts payable within one year | 42/48 | €715,545 | €812,894 | +€97,349 | +13.6% |
| Trade debts | 44 | €12,601 | €1,279 | -€11,323 | -89.9% |
| Suppliers | 440/4 | €12,601 | €1,279 | -€11,323 | -89.9% |
| Taxes, remuneration and social security | 45 | €1,679 | €350 | -€1,329 | -79.2% |
| Taxes | 450/3 | €1,679 | €350 | -€1,329 | -79.2% |
| Other amounts payable | 47/48 | €701,265 | €811,265 | +€110,000 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,502 | €56,784 | -€3,718 | -6.1% |
| Other operating charges | 640/8 | €7,267 | €7,176 | -€91 | -1.2% |
| Gross operating margin | 9900 | €53,806 | €68,032 | +€14,226 | +26.4% |
| Operating profit (loss) | 9901 | -€13,964 | €4,071 | +€18,034 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,006 | €4,029 | +€18,034 | |
| Profit (loss) for the period | 9904 | -€14,006 | €4,029 | +€18,034 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,006 | €4,029 | +€18,034 |
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 26 October 2026 via checked.be.