AGRI VERVAEKE: 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.
AGRI VERVAEKE
Largest movements
- Stocks and contracts -€876,239
down €876,239 (-95.6%), from €916,415 to €40,176
- Receivables within one year +€322,758
up €322,758 (+28.9%), from €1.1m to €1.4m
of which Trade receivables: +€382,604
- Tangible fixed assets -€230,212
down €230,212 (-29.5%), from €781,539 to €551,327
of which Furniture and vehicles: -€221,600
- Cash -€134,691
down €134,691 (-50.1%), from €269,008 to €134,317
mainly Other debts (-€1.4m) and Receivables within one year (-€322,758)
- Deferred charges and accrued income -€96,121
down €96,121 (-46.3%), from €207,780 to €111,659
- Other debts -€1.4m
down €1.4m (-84.6%), from €1.6m to €245,057
- Reserves +€341,694
up €341,694 (+39.6%), from €863,742 to €1.2m
of which Distributable reserves: +€348,034
- Gross operating margin -€79,211
down €79,211 (-10.3%), from €772,753 to €693,541
- Depreciation +€49,150
up €49,150 (+26.6%), from €185,062 to €234,212
- Taxes -€15,756
down €15,756 (-11.9%), from €132,544 to €116,789
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,292,155 | €2,277,650 | -€1.0m | -30.8% |
| Fixed assets | 21/28 | €781,539 | €551,327 | -€230,212 | -29.5% |
| Tangible fixed assets | 22/27 | €781,539 | €551,327 | -€230,212 | -29.5% |
| Plant, machinery and equipment | 23 | €48,498 | €39,886 | -€8,612 | -17.8% |
| Furniture and vehicles | 24 | €733,041 | €511,441 | -€221,600 | -30.2% |
| Current assets | 29/58 | €2,510,616 | €1,726,323 | -€784,293 | -31.2% |
| Stocks and contracts in progress | 3 | €916,415 | €40,176 | -€876,239 | -95.6% |
| Stocks | 30/36 | €916,415 | €40,176 | -€876,239 | -95.6% |
| Amounts receivable within one year | 40/41 | €1,117,413 | €1,440,171 | +€322,758 | +28.9% |
| Trade receivables | 40 | €1,040,316 | €1,422,920 | +€382,604 | +36.8% |
| Other amounts receivable | 41 | €77,098 | €17,251 | -€59,847 | -77.6% |
| Cash at bank and in hand | 54/58 | €269,008 | €134,317 | -€134,691 | -50.1% |
| Deferred charges and accrued income | 490/1 | €207,780 | €111,659 | -€96,121 | -46.3% |
| Total equity and liabilities | 10/49 | €3,292,155 | €2,277,650 | -€1.0m | -30.8% |
| Equity | 10/15 | €864,117 | €1,205,811 | +€341,694 | +39.5% |
| Contributions | 10/11 | €375 | €375 | = | 0.0% |
| Reserves | 13 | €863,742 | €1,205,435 | +€341,694 | +39.6% |
| Tax-exempt reserves | 132 | €7,436 | €1,096 | -€6,340 | -85.3% |
| Distributable reserves | 133 | €856,306 | €1,204,339 | +€348,034 | +40.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €2,409 | €296 | -€2,113 | -87.7% |
| Deferred taxes | 168 | €2,409 | €296 | -€2,113 | -87.7% |
| Amounts payable | 17/49 | €2,425,629 | €1,071,544 | -€1.4m | -55.8% |
| Amounts payable within one year | 42/48 | €2,389,679 | €1,054,439 | -€1.3m | -55.9% |
| Trade debts | 44 | €761,186 | €793,003 | +€31,817 | +4.2% |
| Suppliers | 440/4 | €761,186 | €793,003 | +€31,817 | +4.2% |
| Taxes, remuneration and social security | 45 | €32,463 | €16,379 | -€16,085 | -49.5% |
| Taxes | 450/3 | €32,463 | €16,379 | -€16,085 | -49.5% |
| Other amounts payable | 47/48 | €1,596,029 | €245,057 | -€1.4m | -84.6% |
| Accrued charges and deferred income | 492/3 | €35,950 | €17,105 | -€18,845 | -52.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,062 | €234,212 | +€49,150 | +26.6% |
| Other operating charges | 640/8 | €897 | €2,829 | +€1,932 | +215% |
| Gross operating margin | 9900 | €772,753 | €693,541 | -€79,211 | -10.3% |
| Operating profit (loss) | 9901 | €586,794 | €456,501 | -€130,293 | -22.2% |
| Financial income | 75/76B | €312 | €1,367 | +€1,055 | +338% |
| Recurring financial income | 75 | €312 | €1,367 | +€1,055 | +338% |
| Financial charges | 65/66B | €1,928 | €1,499 | -€429 | -22.3% |
| Recurring financial charges | 65 | €1,928 | €1,499 | -€429 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €585,178 | €456,369 | -€128,809 | -22.0% |
| Transfer from deferred taxes | 780 | €3,750 | €2,113 | -€1,637 | -43.6% |
| Income taxes | 67/77 | €132,544 | €116,789 | -€15,756 | -11.9% |
| Profit (loss) for the period | 9904 | €456,383 | €341,694 | -€114,690 | -25.1% |
| Transfer from tax-exempt reserves | 789 | €11,250 | €6,340 | -€4,910 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €467,633 | €348,034 | -€119,600 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.