VAWI: 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.
What changed
VAWI
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€469,013
2024 · €918,920-€449,907
Equity
€8.3m
2024 · €7.9m+€469,013
Cash
€8,884
2024 · €16,053-€7,169
Balance sheet total
€19.9m
2024 · €18.0m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€2.9m
up €2.9m (+63.5%), from €4.6m to €7.6m
of which Land and buildings: +€2.9m
- Receivables within one year -€1.3m
down €1.3m (-10.9%), from €12.2m to €10.9m
of which Other amounts receivable: -€2.3m
- Stocks and contracts +€259,378
up €259,378 (+25.7%), from €1.0m to €1.3m
Equity and liabilities
- Debts after one year +€589,208
up €589,208 (+22.5%), from €2.6m to €3.2m
- Trade debts +€572,423
up €572,423 (+11.2%), from €5.1m to €5.7m
- Reserves +€469,013
up €469,013 (+6.2%), from €7.6m to €8.0m
of which Distributable reserves: +€469,013
Income statement
- Turnover +€6.0m
up €6.0m (+8.9%), from €67.4m to €73.4m
- Goods and materials +€3.8m
up €3.8m (+7.9%), from €48.2m to €52.0m
of which Purchases: +€3.9m
- Staff costs +€1.3m
up €1.3m (+13.7%), from €9.4m to €10.7m
- Services and other goods +€896,273
up €896,273 (+11.1%), from €8.1m to €9.0m
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.
Result 2024
€918,920
Turnover
+€6.0m
Other operating income
+€41,469
Goods and materials
-€3.8m
Services and other goods
-€896,273
Staff costs
-€1.3m
Depreciation
-€323,994
Write-downs
-€130,343
Other operating charges
+€38,891
Financial income
-€13,321
Financial charges
-€10,955
Taxes
-€48,195
Result 2025
€469,013
raises the resultlowers the result
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.
From operations
+€3.5m
Investment
-€4.3m
Financing
+€716,975
Cash 2024
€16,053
From operations (derived)
+€3.5m
Net result for the year
+€469,013
Depreciation
+€1.3m
Stocks and contracts
-€259,378
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€17,420
Trade debts
+€572,423
Tax, wage and social debts
+€110,981
Accrued charges and deferred income
-€14,501
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Financing
+€716,975
Debts after one year
+€589,208
Current portion of long-term debt
+€127,768
Cash 2025
€8,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,019,747 | €19,874,637 | +€1.9m | +10.3% |
| Fixed assets | 21/28 | €4,739,920 | €7,685,117 | +€2.9m | +62.1% |
| Intangible fixed assets | 21 | €9,353 | €7,653 | -€1,700 | -18.2% |
| Tangible fixed assets | 22/27 | €4,640,724 | €7,587,616 | +€2.9m | +63.5% |
| Land and buildings | 22 | €1,366,415 | €4,236,278 | +€2.9m | +210% |
| Plant, machinery and equipment | 23 | €1,129,109 | €1,293,261 | +€164,152 | +14.5% |
| Furniture and vehicles | 24 | €84,285 | €87,923 | +€3,638 | +4.3% |
| Leasing and similar rights | 25 | €2,060,914 | €1,970,154 | -€90,760 | -4.4% |
| Financial fixed assets | 28 | €89,843 | €89,848 | +€5 | 0.0% |
| Other financial fixed assets | 284/8 | €89,843 | €89,848 | +€5 | 0.0% |
| Shares | 284 | €86,750 | €86,750 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,093 | €3,098 | +€5 | +0.2% |
| Current assets | 29/58 | €13,279,827 | €12,189,520 | -€1.1m | -8.2% |
| Stocks and contracts in progress | 3 | €1,008,272 | €1,267,650 | +€259,378 | +25.7% |
| Stocks | 30/36 | €1,008,272 | €1,267,650 | +€259,378 | +25.7% |
| Goods purchased for resale | 34 | €1,008,272 | €1,267,650 | +€259,378 | +25.7% |
| Amounts receivable within one year | 40/41 | €12,179,888 | €10,854,792 | -€1.3m | -10.9% |
| Trade receivables | 40 | €8,372,048 | €9,316,171 | +€944,122 | +11.3% |
| Other amounts receivable | 41 | €3,807,839 | €1,538,621 | -€2.3m | -59.6% |
| Cash at bank and in hand | 54/58 | €16,053 | €8,884 | -€7,169 | -44.7% |
| Deferred charges and accrued income | 490/1 | €75,614 | €58,194 | -€17,420 | -23.0% |
| Total equity and liabilities | 10/49 | €18,019,747 | €19,874,637 | +€1.9m | +10.3% |
| Equity | 10/15 | €7,880,700 | €8,349,713 | +€469,013 | +6.0% |
| Contributions | 10/11 | €254,200 | €254,200 | = | 0.0% |
| Capital | 10 | €254,200 | €254,200 | = | 0.0% |
| Issued capital | 100 | €254,200 | €254,200 | = | 0.0% |
| Revaluation surpluses | 12 | €45,550 | €45,550 | = | 0.0% |
| Reserves | 13 | €7,580,949 | €8,049,962 | +€469,013 | +6.2% |
| Non-distributable reserves | 130/1 | €26,563 | €26,563 | = | 0.0% |
| Legal reserve | 130 | €25,420 | €25,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,143 | €1,143 | = | 0.0% |
| Distributable reserves | 133 | €7,554,386 | €8,023,399 | +€469,013 | +6.2% |
| Amounts payable | 17/49 | €10,139,047 | €11,524,924 | +€1.4m | +13.7% |
| Amounts payable after more than one year | 17 | €2,618,280 | €3,207,487 | +€589,208 | +22.5% |
| Financial debts | 170/4 | €2,618,280 | €3,207,487 | +€589,208 | +22.5% |
| Leasing and similar obligations | 172 | €1,549,665 | €1,479,533 | -€70,132 | -4.5% |
| Credit institutions | 173 | €1,068,615 | €1,727,954 | +€659,339 | +61.7% |
| Amounts payable within one year | 42/48 | €7,475,915 | €8,287,086 | +€811,171 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €985,420 | €1,113,188 | +€127,768 | +13.0% |
| Trade debts | 44 | €5,088,660 | €5,661,083 | +€572,423 | +11.2% |
| Suppliers | 440/4 | €5,088,660 | €5,661,083 | +€572,423 | +11.2% |
| Taxes, remuneration and social security | 45 | €1,401,835 | €1,512,815 | +€110,981 | +7.9% |
| Taxes | 450/3 | €102,029 | €46,117 | -€55,912 | -54.8% |
| Remuneration and social security | 454/9 | €1,299,806 | €1,466,699 | +€166,893 | +12.8% |
| Accrued charges and deferred income | 492/3 | €44,852 | €30,351 | -€14,501 | -32.3% |
| Operating income | 70/76A | €68,070,193 | €74,086,308 | +€6.0m | +8.8% |
| Turnover | 70 | €67,428,062 | €73,402,708 | +€6.0m | +8.9% |
| Other operating income | 74 | €642,131 | €683,600 | +€41,469 | +6.5% |
| Operating charges | 60/66A | €66,885,264 | €73,278,816 | +€6.4m | +9.6% |
| Goods for resale, raw materials and consumables | 60 | €48,199,350 | €51,990,422 | +€3.8m | +7.9% |
| Purchases | 600/8 | €48,310,169 | €52,249,800 | +€3.9m | +8.2% |
| Change in stocks: decrease (increase) | 609 | -€110,819 | -€259,378 | -€148,559 | -134% |
| Services and other goods | 61 | €8,074,800 | €8,971,073 | +€896,273 | +11.1% |
| Remuneration, social security and pensions | 62 | €9,400,008 | €10,690,770 | +€1.3m | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996,237 | €1,320,231 | +€323,994 | +32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,855 | €151,198 | +€130,343 | +625% |
| Other operating charges | 640/8 | €194,015 | €155,123 | -€38,891 | -20.0% |
| Operating profit (loss) | 9901 | €1,184,929 | €807,492 | -€377,437 | -31.9% |
| Financial income | 75/76B | €86,006 | €72,685 | -€13,321 | -15.5% |
| Recurring financial income | 75 | €86,006 | €72,685 | -€13,321 | -15.5% |
| Income from current assets | 751 | €56,833 | €37,899 | -€18,933 | -33.3% |
| Other financial income | 752/9 | €29,173 | €34,786 | +€5,613 | +19.2% |
| Financial charges | 65/66B | €135,729 | €146,684 | +€10,955 | +8.1% |
| Recurring financial charges | 65 | €135,729 | €146,684 | +€10,955 | +8.1% |
| Debt charges | 650 | €132,283 | €141,399 | +€9,116 | +6.9% |
| Other financial charges | 652/9 | €3,446 | €5,285 | +€1,839 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €1,135,206 | €733,494 | -€401,712 | -35.4% |
| Income taxes | 67/77 | €216,286 | €264,481 | +€48,195 | +22.3% |
| Taxes | 670/3 | €661,526 | €406,852 | -€254,674 | -38.5% |
| Tax adjustments and reversals of tax provisions | 77 | €445,240 | €142,371 | -€302,868 | -68.0% |
| Profit (loss) for the period | 9904 | €918,920 | €469,013 | -€449,907 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €918,920 | €469,013 | -€449,907 | -49.0% |
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 13 October 2026 via checked.be.