CUMA VD 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.
CUMA VD AGRI
Largest movements
- Receivables within one year +€550,494
up €550,494 (+281%), from €196,016 to €746,510
of which Trade receivables: +€590,134
- Tangible fixed assets +€215,498
up €215,498 (+34.7%), from €621,273 to €836,771
of which Furniture and vehicles: +€233,734
- Cash +€158,622
up €158,622 (+827%), from €19,175 to €177,798
mainly Debts after one year (+€961,774) and Depreciation (+€171,930)
- Debts after one year +€961,774
up €961,774 (+2,137%), from €45,000 to €1.0m
- Trade debts -€191,155
down €191,155 (-75.3%), from €253,971 to €62,816
- Other debts +€151,041
up €151,041 (+1,054%), from €14,336 to €165,377
- Profit (loss) carried forward -€148,336
no longer reported in 2025 (was €148,336)
- Current portion of long-term debt +€139,812
up €139,812 (+125%), from €111,570 to €251,381
- Depreciation +€68,091
up €68,091 (+65.6%), from €103,840 to €171,930
- Gross operating margin +€17,043
up €17,043 (+8.1%), from €209,778 to €226,820
- Taxes +€4,405
up €4,405 (+441%), from €999 to €5,404
- Staff costs -€2,286
no longer reported in 2025 (was €2,286)
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 | €838,333 | €1,764,967 | +€926,634 | +111% |
| Fixed assets | 21/28 | €621,273 | €836,771 | +€215,498 | +34.7% |
| Tangible fixed assets | 22/27 | €621,273 | €836,771 | +€215,498 | +34.7% |
| Plant, machinery and equipment | 23 | €545,048 | €534,281 | -€10,767 | -2.0% |
| Furniture and vehicles | 24 | €10,767 | €244,501 | +€233,734 | +2,171% |
| Other tangible fixed assets | 26 | €65,457 | €57,989 | -€7,469 | -11.4% |
| Current assets | 29/58 | €217,060 | €928,196 | +€711,136 | +328% |
| Stocks and contracts in progress | 3 | €784 | €784 | = | 0.0% |
| Stocks | 30/36 | €784 | €784 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,016 | €746,510 | +€550,494 | +281% |
| Trade receivables | 40 | €156,376 | €746,510 | +€590,134 | +377% |
| Other amounts receivable | 41 | €39,640 | - | -€39,640 | |
| Cash at bank and in hand | 54/58 | €19,175 | €177,798 | +€158,622 | +827% |
| Deferred charges and accrued income | 490/1 | €1,085 | €3,104 | +€2,019 | +186% |
| Total equity and liabilities | 10/49 | €838,333 | €1,764,967 | +€926,634 | +111% |
| Equity | 10/15 | €236,655 | €118,400 | -€118,255 | -50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €22,388 | €66,439 | +€44,051 | +197% |
| 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 | €20,528 | €64,579 | +€44,051 | +215% |
| Profit (loss) carried forward | 14 | €148,336 | - | -€148,336 | |
| Investment grants | 15 | €47,331 | €33,361 | -€13,970 | -29.5% |
| Amounts payable | 17/49 | €601,678 | €1,646,567 | +€1.0m | +174% |
| Amounts payable after more than one year | 17 | €45,000 | €1,006,774 | +€961,774 | +2,137% |
| Financial debts | 170/4 | €45,000 | €1,006,774 | +€961,774 | +2,137% |
| Amounts payable within one year | 42/48 | €556,678 | €639,793 | +€83,116 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €111,570 | €251,381 | +€139,812 | +125% |
| Trade debts | 44 | €253,971 | €62,816 | -€191,155 | -75.3% |
| Suppliers | 440/4 | €253,971 | €62,816 | -€191,155 | -75.3% |
| Advances received on contracts in progress | 46 | €176,801 | €81,134 | -€95,667 | -54.1% |
| Taxes, remuneration and social security | 45 | €0 | €79,085 | +€79,085 | |
| Taxes | 450/3 | €0 | €79,085 | +€79,085 | |
| Other amounts payable | 47/48 | €14,336 | €165,377 | +€151,041 | +1,054% |
| Remuneration, social security and pensions | 62 | €2,286 | - | -€2,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,840 | €171,930 | +€68,091 | +65.6% |
| Other operating charges | 640/8 | €706 | €444 | -€262 | -37.1% |
| Non-recurring operating charges | 66A | - | €418 | +€418 | |
| Gross operating margin | 9900 | €209,778 | €226,820 | +€17,043 | +8.1% |
| Operating profit (loss) | 9901 | €102,946 | €54,028 | -€48,918 | -47.5% |
| Financial charges | 65/66B | €2,328 | €4,574 | +€2,246 | +96.5% |
| Recurring financial charges | 65 | €2,328 | €4,574 | +€2,246 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €100,618 | €49,454 | -€51,163 | -50.8% |
| Income taxes | 67/77 | €999 | €5,404 | +€4,405 | +441% |
| Profit (loss) for the period | 9904 | €99,619 | €44,051 | -€55,568 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,619 | €44,051 | -€55,568 | -55.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.