AGRO VEKEMANS: 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.
AGRO VEKEMANS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+87.0%), from €1.3m to €2.5m
of which Land and buildings: +€1.1m
- Stocks and contracts +€221,691
up €221,691 (+145%), from €153,067 to €374,758
- Receivables within one year -€193,668
down €193,668 (-88.5%), from €218,909 to €25,241
of which Trade receivables: -€132,374
- Cash -€122,864
down €122,864 (-48.1%), from €255,626 to €132,762
mainly Investment in fixed assets (net) (-€1.3m) and Stocks and contracts (-€221,691)
- Debts after one year +€889,453
up €889,453 (+116%), from €765,829 to €1.7m
- Trade debts +€245,507
up €245,507 (+101%), from €243,390 to €488,897
- Accrued charges and deferred income -€126,713
no longer reported in 2025 (was €126,713)
- Current portion of long-term debt +€68,522
up €68,522 (+78.7%), from €87,064 to €155,587
- Other debts -€50,998
down €50,998 (-16.9%), from €302,550 to €251,552
- Depreciation +€35,933
up €35,933 (+40.4%), from €88,889 to €124,822
- Financial charges +€28,939
up €28,939 (+61.2%), from €47,275 to €76,214
- Staff costs +€23,983
up €23,983 (+80.3%), from €29,864 to €53,847
- Other operating charges -€10,776
down €10,776 (-29.9%), from €36,040 to €25,265
- Taxes +€9,243
up €9,243 (+1,220%), from €757 to €10,000
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 | €1,969,231 | €3,041,103 | +€1.1m | +54.4% |
| Fixed assets | 21/28 | €1,341,629 | €2,508,342 | +€1.2m | +87.0% |
| Tangible fixed assets | 22/27 | €1,341,629 | €2,508,342 | +€1.2m | +87.0% |
| Land and buildings | 22 | €1,267,152 | €2,387,992 | +€1.1m | +88.5% |
| Plant, machinery and equipment | 23 | €18,979 | €93,398 | +€74,419 | +392% |
| Furniture and vehicles | 24 | €4,405 | €1,405 | -€3,000 | -68.1% |
| Leasing and similar rights | 25 | €51,092 | €25,546 | -€25,546 | -50.0% |
| Current assets | 29/58 | €627,602 | €532,761 | -€94,840 | -15.1% |
| Stocks and contracts in progress | 3 | €153,067 | €374,758 | +€221,691 | +145% |
| Stocks | 30/36 | €153,067 | €374,758 | +€221,691 | +145% |
| Amounts receivable within one year | 40/41 | €218,909 | €25,241 | -€193,668 | -88.5% |
| Trade receivables | 40 | €132,374 | - | -€132,374 | |
| Other amounts receivable | 41 | €86,535 | €25,241 | -€61,294 | -70.8% |
| Cash at bank and in hand | 54/58 | €255,626 | €132,762 | -€122,864 | -48.1% |
| Total equity and liabilities | 10/49 | €1,969,231 | €3,041,103 | +€1.1m | +54.4% |
| Equity | 10/15 | €332,642 | €373,849 | +€41,207 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,814 | €343,021 | +€41,207 | +13.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €299,954 | €341,161 | +€41,207 | +13.7% |
| Profit (loss) carried forward | 14 | €12,228 | €12,228 | = | 0.0% |
| Amounts payable | 17/49 | €1,636,589 | €2,667,255 | +€1.0m | +63.0% |
| Amounts payable after more than one year | 17 | €765,829 | €1,655,282 | +€889,453 | +116% |
| Financial debts | 170/4 | €765,829 | €1,655,282 | +€889,453 | +116% |
| Amounts payable within one year | 42/48 | €744,047 | €1,011,972 | +€267,925 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €87,064 | €155,587 | +€68,522 | +78.7% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €243,390 | €488,897 | +€245,507 | +101% |
| Suppliers | 440/4 | €243,390 | €488,897 | +€245,507 | +101% |
| Advances received on contracts in progress | 46 | €934 | €827 | -€107 | -11.5% |
| Taxes, remuneration and social security | 45 | €10,108 | €15,110 | +€5,002 | +49.5% |
| Taxes | 450/3 | €165 | €3,600 | +€3,435 | +2,082% |
| Remuneration and social security | 454/9 | €9,943 | €11,510 | +€1,567 | +15.8% |
| Other amounts payable | 47/48 | €302,550 | €251,552 | -€50,998 | -16.9% |
| Accrued charges and deferred income | 492/3 | €126,713 | - | -€126,713 | |
| Remuneration, social security and pensions | 62 | €29,864 | €53,847 | +€23,983 | +80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,889 | €124,822 | +€35,933 | +40.4% |
| Other operating charges | 640/8 | €36,040 | €25,265 | -€10,776 | -29.9% |
| Gross operating margin | 9900 | €330,457 | €331,319 | +€862 | +0.3% |
| Operating profit (loss) | 9901 | €175,664 | €127,386 | -€48,278 | -27.5% |
| Financial income | 75/76B | €1 | €35 | +€35 | +5,770% |
| Recurring financial income | 75 | €1 | €35 | +€35 | +5,770% |
| Financial charges | 65/66B | €47,275 | €76,214 | +€28,939 | +61.2% |
| Recurring financial charges | 65 | €47,275 | €76,214 | +€28,939 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €128,389 | €51,207 | -€77,182 | -60.1% |
| Income taxes | 67/77 | €757 | €10,000 | +€9,243 | +1,220% |
| Profit (loss) for the period | 9904 | €127,632 | €41,207 | -€86,425 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €127,632 | €41,207 | -€86,425 | -67.7% |
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 25 October 2026 via checked.be.