V & V Agro: 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.
V & V Agro
Largest movements
- Cash -€61,482
down €61,482 (-21.4%), from €286,907 to €225,425
mainly Trade debts (-€2.1m) and Investment in fixed assets (net) (-€117,168)
- Trade debts -€2.1m
down €2.1m (-97.7%), from €2.1m to €49,201
- Debts after one year +€1.2m
new in 2025: €1.2m
- Reserves +€367,374
up €367,374 (+2,880%), from €12,756 to €380,130
of which Distributable reserves: +€262,124
- Contributions +€250,000
up €250,000 (+1,330%), from €18,800 to €268,800
- Current portion of long-term debt +€129,333
new in 2025: €129,333
- Gross operating margin +€576,388
up €576,388 (+381%), from €151,269 to €727,656
- Taxes +€142,813
up €142,813 (+2,170%), from €6,580 to €149,393
- Depreciation +€99,115
up €99,115 (+225%), from €44,088 to €143,203
- Other operating charges -€50,916
down €50,916 (-91.2%), from €55,835 to €4,919
- Financial charges +€39,252
up €39,252 (+2,559%), from €1,534 to €40,785
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 | €2,162,450 | €2,065,101 | -€97,349 | -4.5% |
| Fixed assets | 21/28 | €1,615,345 | €1,589,310 | -€26,035 | -1.6% |
| Intangible fixed assets | 21 | €232,728 | €211,843 | -€20,885 | -9.0% |
| Tangible fixed assets | 22/27 | €1,382,617 | €1,377,466 | -€5,150 | -0.4% |
| Land and buildings | 22 | €995,776 | €943,692 | -€52,084 | -5.2% |
| Plant, machinery and equipment | 23 | €386,841 | €361,958 | -€24,883 | -6.4% |
| Furniture and vehicles | 24 | - | €71,816 | +€71,816 | |
| Current assets | 29/58 | €547,105 | €475,791 | -€71,314 | -13.0% |
| Stocks and contracts in progress | 3 | €121,359 | €122,541 | +€1,182 | +1.0% |
| Stocks | 30/36 | €121,359 | €122,541 | +€1,182 | +1.0% |
| Amounts receivable within one year | 40/41 | €133,009 | €121,365 | -€11,644 | -8.8% |
| Trade receivables | 40 | €133,009 | €121,365 | -€11,644 | -8.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €286,907 | €225,425 | -€61,482 | -21.4% |
| Deferred charges and accrued income | 490/1 | €5,831 | €6,461 | +€630 | +10.8% |
| Total equity and liabilities | 10/49 | €2,162,450 | €2,065,101 | -€97,349 | -4.5% |
| Equity | 10/15 | €31,556 | €648,930 | +€617,374 | +1,956% |
| Contributions | 10/11 | €18,800 | €268,800 | +€250,000 | +1,330% |
| Reserves | 13 | €12,756 | €380,130 | +€367,374 | +2,880% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €12,756 | €274,880 | +€262,124 | +2,055% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,130,894 | €1,416,171 | -€714,723 | -33.5% |
| Amounts payable after more than one year | 17 | - | €1,152,111 | +€1.2m | |
| Financial debts | 170/4 | - | €1,152,111 | +€1.2m | |
| Amounts payable within one year | 42/48 | €2,130,826 | €257,720 | -€1.9m | -87.9% |
| Current portion of amounts payable after more than one year | 42 | - | €129,333 | +€129,333 | |
| Trade debts | 44 | €2,120,714 | €49,201 | -€2.1m | -97.7% |
| Suppliers | 440/4 | €2,120,714 | €49,201 | -€2.1m | -97.7% |
| Taxes, remuneration and social security | 45 | €7,713 | €50,933 | +€43,220 | +560% |
| Taxes | 450/3 | €7,713 | €48,533 | +€40,820 | +529% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €2,399 | €28,254 | +€25,854 | +1,078% |
| Accrued charges and deferred income | 492/3 | €68 | €6,340 | +€6,272 | +9,199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,088 | €143,203 | +€99,115 | +225% |
| Other operating charges | 640/8 | €55,835 | €4,919 | -€50,916 | -91.2% |
| Non-recurring operating charges | 66A | €11,607 | €21,993 | +€10,387 | +89.5% |
| Gross operating margin | 9900 | €151,269 | €727,656 | +€576,388 | +381% |
| Operating profit (loss) | 9901 | €39,739 | €557,541 | +€517,802 | +1,303% |
| Financial income | 75/76B | €0 | €11 | +€11 | |
| Recurring financial income | 75 | €0 | €11 | +€11 | |
| Financial charges | 65/66B | €1,534 | €40,785 | +€39,252 | +2,559% |
| Recurring financial charges | 65 | €1,534 | €40,785 | +€39,252 | +2,559% |
| Profit (loss) for the period before taxes | 9903 | €38,205 | €516,766 | +€478,561 | +1,253% |
| Income taxes | 67/77 | €6,580 | €149,393 | +€142,813 | +2,170% |
| Profit (loss) for the period | 9904 | €31,625 | €367,374 | +€335,749 | +1,062% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,625 | €262,124 | +€230,499 | +729% |
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 15 October 2026 via checked.be.