VB-AGRO: what changed
Two fiscal 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.
VB-AGRO
Largest movements
- Tangible fixed assets +€90,559
up €90,559 (+2.5%), from €3.6m to €3.7m
of which Furniture and vehicles: +€110,024
- Trade debts +€71,876
up €71,876 (+28.8%), from €249,234 to €321,111
- Profit (loss) carried forward +€70,762
up €70,762 (+12.3%), from -€576,004 to -€505,241
- Other debts -€61,249
down €61,249 (-4.6%), from €1.3m to €1.3m
- Gross operating margin +€170,326
up €170,326 (+208.8%), from €81,564 to €251,891
- Depreciation +€9,097
up €9,097 (+7.5%), from €120,887 to €129,984
- Other operating charges +€7,779
up €7,779 (+44.5%), from €17,498 to €25,277
- Financial charges -€3,469
down €3,469 (-10.7%), from €32,309 to €28,840
- Financial income +€3,158
up €3,158 (+2368.2%), from €133 to €3,291
of which Non-recurring financial income: +€3,234
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.
Cash bridge derived
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 | €3,859,214 | €3,974,918 | +€115,704 | +3.0% |
| Fixed assets | 21/28 | €3,569,924 | €3,657,515 | +€87,590 | +2.5% |
| Tangible fixed assets | 22/27 | €3,566,956 | €3,657,515 | +€90,559 | +2.5% |
| Land and buildings | 22 | €3,465,139 | €3,469,274 | +€4,135 | +0.1% |
| Plant, machinery and equipment | 23 | €34,225 | €26,069 | -€8,156 | -23.8% |
| Furniture and vehicles | 24 | €27,014 | €137,038 | +€110,024 | +407.3% |
| Leasing and similar rights | 25 | €40,578 | €25,134 | -€15,444 | -38.1% |
| Financial fixed assets | 28 | €2,969 | €0 | -€2,969 | -100.0% |
| Current assets | 29/58 | €289,290 | €317,404 | +€28,114 | +9.7% |
| Stocks and contracts in progress | 3 | €237,975 | €260,071 | +€22,096 | +9.3% |
| Stocks | 30/36 | €237,975 | €260,071 | +€22,096 | +9.3% |
| Amounts receivable within one year | 40/41 | €30,089 | €37,405 | +€7,316 | +24.3% |
| Trade receivables | 40 | €29,687 | €29,064 | -€623 | -2.1% |
| Other amounts receivable | 41 | €402 | €8,340 | +€7,939 | +1976.1% |
| Cash at bank and in hand | 54/58 | €4,035 | €2,893 | -€1,142 | -28.3% |
| Deferred charges and accrued income | 490/1 | €17,191 | €17,035 | -€156 | -0.9% |
| Total equity and liabilities | 10/49 | €3,859,214 | €3,974,918 | +€115,704 | +3.0% |
| Equity | 10/15 | €1,711,234 | €1,783,731 | +€72,498 | +4.2% |
| Contributions | 10/11 | €2,244,797 | €2,244,797 | = | 0.0% |
| Reserves | 13 | €42,440 | €42,440 | = | 0.0% |
| Distributable reserves | 133 | €42,440 | €42,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€576,004 | -€505,241 | +€70,762 | +12.3% |
| Investment grants | 15 | - | €1,736 | +€1,736 | |
| Amounts payable | 17/49 | €2,147,981 | €2,191,187 | +€43,206 | +2.0% |
| Amounts payable after more than one year | 17 | €394,944 | €412,793 | +€17,850 | +4.5% |
| Financial debts | 170/4 | €394,944 | €412,793 | +€17,850 | +4.5% |
| Amounts payable within one year | 42/48 | €1,733,616 | €1,769,145 | +€35,529 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €132,275 | €163,835 | +€31,559 | +23.9% |
| Trade debts | 44 | €249,234 | €321,111 | +€71,876 | +28.8% |
| Suppliers | 440/4 | €249,234 | €321,111 | +€71,876 | +28.8% |
| Taxes, remuneration and social security | 45 | €8,797 | €2,139 | -€6,658 | -75.7% |
| Taxes | 450/3 | €8,797 | €2,139 | -€6,658 | -75.7% |
| Other amounts payable | 47/48 | €1,343,310 | €1,282,061 | -€61,249 | -4.6% |
| Accrued charges and deferred income | 492/3 | €19,420 | €9,248 | -€10,172 | -52.4% |
| Non-recurring operating income | 76A | - | €28,936 | +€28,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,887 | €129,984 | +€9,097 | +7.5% |
| Other operating charges | 640/8 | €17,498 | €25,277 | +€7,779 | +44.5% |
| Gross operating margin | 9900 | €81,564 | €251,891 | +€170,326 | +208.8% |
| Operating profit (loss) | 9901 | -€56,821 | €96,629 | +€153,450 | |
| Financial income | 75/76B | €133 | €3,291 | +€3,158 | +2368.2% |
| Recurring financial income | 75 | €133 | €57 | -€76 | -57.3% |
| Non-recurring financial income | 76B | - | €3,234 | +€3,234 | |
| Financial charges | 65/66B | €32,309 | €28,840 | -€3,469 | -10.7% |
| Recurring financial charges | 65 | €32,309 | €28,840 | -€3,469 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€88,996 | €71,081 | +€160,077 | |
| Income taxes | 67/77 | €553 | €319 | -€234 | -42.4% |
| Profit (loss) for the period | 9904 | -€89,549 | €70,762 | +€160,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,549 | €70,762 | +€160,311 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.