Vanoverschelde Fourages: 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.
Vanoverschelde Fourages
Largest movements
- Receivables after one year -€106,867
down €106,867 (-25.5%), from €418,689 to €311,822
- Tangible fixed assets -€80,119
down €80,119 (-22.9%), from €349,877 to €269,758
of which Furniture and vehicles: -€61,944
- Cash -€34,410
down €34,410 (-6.1%), from €559,540 to €525,130
mainly Contributions, distributions and other (-€432,619) and Receivables within one year (-€9,537)
- Reserves -€256,513
down €256,513 (-23.1%), from €1.1m to €856,279
of which Distributable reserves: -€256,513
- Tax, wage and social debts +€31,534
up €31,534 (+64.7%), from €48,712 to €80,246
- Gross operating margin -€104,575
down €104,575 (-22.9%), from €457,053 to €352,478
- Taxes -€30,449
down €30,449 (-26.2%), from €116,164 to €85,715
- Other operating charges +€14,802
up €14,802 (+209%), from €7,071 to €21,873
- Write-downs -€13,190
down €13,190, from €6,595 to -€6,595
- Depreciation -€6,128
down €6,128 (-7.1%), from €86,246 to €80,119
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 | €1,563,026 | €1,331,041 | -€231,985 | -14.8% |
| Fixed assets | 21/28 | €349,877 | €269,758 | -€80,119 | -22.9% |
| Tangible fixed assets | 22/27 | €349,877 | €269,758 | -€80,119 | -22.9% |
| Land and buildings | 22 | €159,434 | €146,539 | -€12,895 | -8.1% |
| Plant, machinery and equipment | 23 | €15,973 | €10,694 | -€5,280 | -33.1% |
| Furniture and vehicles | 24 | €174,469 | €112,525 | -€61,944 | -35.5% |
| Current assets | 29/58 | €1,213,150 | €1,061,283 | -€151,867 | -12.5% |
| Amounts receivable after more than one year | 29 | €418,689 | €311,822 | -€106,867 | -25.5% |
| Trade receivables | 290 | €418,689 | €311,822 | -€106,867 | -25.5% |
| Stocks and contracts in progress | 3 | €15,371 | - | -€15,371 | |
| Stocks | 30/36 | €15,371 | - | -€15,371 | |
| Amounts receivable within one year | 40/41 | €203,188 | €212,725 | +€9,537 | +4.7% |
| Trade receivables | 40 | €200,859 | €152,367 | -€48,492 | -24.1% |
| Other amounts receivable | 41 | €2,329 | €60,358 | +€58,029 | +2,491% |
| Cash at bank and in hand | 54/58 | €559,540 | €525,130 | -€34,410 | -6.1% |
| Deferred charges and accrued income | 490/1 | €16,362 | €11,606 | -€4,756 | -29.1% |
| Total equity and liabilities | 10/49 | €1,563,026 | €1,331,041 | -€231,985 | -14.8% |
| Equity | 10/15 | €1,457,226 | €1,200,714 | -€256,513 | -17.6% |
| Contributions | 10/11 | €340,000 | €340,000 | = | 0.0% |
| Reserves | 13 | €1,112,792 | €856,279 | -€256,513 | -23.1% |
| Non-distributable reserves | 130/1 | €13,800 | €13,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,800 | €13,800 | = | 0.0% |
| Distributable reserves | 133 | €1,098,992 | €842,479 | -€256,513 | -23.3% |
| Profit (loss) carried forward | 14 | €4,435 | €4,435 | = | 0.0% |
| Amounts payable | 17/49 | €105,800 | €130,328 | +€24,528 | +23.2% |
| Amounts payable within one year | 42/48 | €102,334 | €130,081 | +€27,748 | +27.1% |
| Trade debts | 44 | €52,584 | €49,835 | -€2,749 | -5.2% |
| Suppliers | 440/4 | €52,584 | €49,835 | -€2,749 | -5.2% |
| Taxes, remuneration and social security | 45 | €48,712 | €80,246 | +€31,534 | +64.7% |
| Taxes | 450/3 | €48,712 | €80,246 | +€31,534 | +64.7% |
| Other amounts payable | 47/48 | €1,037 | - | -€1,037 | |
| Accrued charges and deferred income | 492/3 | €3,466 | €246 | -€3,220 | -92.9% |
| Non-recurring operating income | 76A | €55,000 | - | -€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,246 | €80,119 | -€6,128 | -7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,595 | -€6,595 | -€13,190 | |
| Other operating charges | 640/8 | €7,071 | €21,873 | +€14,802 | +209% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €457,053 | €352,478 | -€104,575 | -22.9% |
| Operating profit (loss) | 9901 | €357,140 | €256,881 | -€100,259 | -28.1% |
| Financial income | 75/76B | €9,988 | €5,743 | -€4,245 | -42.5% |
| Recurring financial income | 75 | €9,988 | €5,743 | -€4,245 | -42.5% |
| Financial charges | 65/66B | €2,660 | €804 | -€1,856 | -69.8% |
| Recurring financial charges | 65 | €2,660 | €804 | -€1,856 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €364,469 | €261,821 | -€102,648 | -28.2% |
| Income taxes | 67/77 | €116,164 | €85,715 | -€30,449 | -26.2% |
| Profit (loss) for the period | 9904 | €248,305 | €176,106 | -€72,199 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €248,305 | €176,106 | -€72,199 | -29.1% |
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 21 October 2026 via checked.be.