VB Engineering & 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.
VB Engineering & Agro
Largest movements
- Tangible fixed assets -€36,197
down €36,197 (-25.4%), from €142,516 to €106,319
of which Furniture and vehicles: -€24,558
- Cash +€31,814
up €31,814 (+99.6%), from €31,940 to €63,755
mainly Depreciation (+€37,097) and Other debts (+€3,700)
- Trade debts -€12,364
down €12,364 (-49.4%), from €25,030 to €12,667
- Other debts +€3,700
up €3,700 (+1.6%), from €231,887 to €235,587
- Depreciation +€2,460
up €2,460 (+7.1%), from €34,637 to €37,097
- Gross operating margin -€1,249
down €1,249 (-2.9%), from €43,008 to €41,759
- Taxes -€972
down €972 (-60.7%), from €1,601 to €629
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 | €279,045 | €272,764 | -€6,282 | -2.3% |
| Fixed assets | 21/28 | €151,716 | €113,219 | -€38,497 | -25.4% |
| Intangible fixed assets | 21 | €9,200 | €6,900 | -€2,300 | -25.0% |
| Tangible fixed assets | 22/27 | €142,516 | €106,319 | -€36,197 | -25.4% |
| Plant, machinery and equipment | 23 | €41,203 | €30,964 | -€10,239 | -24.9% |
| Furniture and vehicles | 24 | €99,913 | €75,355 | -€24,558 | -24.6% |
| Assets under construction and advance payments | 27 | €1,400 | - | -€1,400 | |
| Current assets | 29/58 | €127,329 | €159,545 | +€32,216 | +25.3% |
| Stocks and contracts in progress | 3 | €41,607 | €40,000 | -€1,607 | -3.9% |
| Stocks | 30/36 | €41,607 | €40,000 | -€1,607 | -3.9% |
| Amounts receivable within one year | 40/41 | €53,665 | €55,669 | +€2,004 | +3.7% |
| Trade receivables | 40 | €53,092 | €55,669 | +€2,577 | +4.9% |
| Other amounts receivable | 41 | €573 | - | -€573 | |
| Cash at bank and in hand | 54/58 | €31,940 | €63,755 | +€31,814 | +99.6% |
| Deferred charges and accrued income | 490/1 | €117 | €121 | +€5 | +3.9% |
| Total equity and liabilities | 10/49 | €279,045 | €272,764 | -€6,282 | -2.3% |
| Equity | 10/15 | €11,405 | €13,554 | +€2,150 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,405 | €8,554 | +€2,150 | +33.6% |
| Amounts payable | 17/49 | €267,641 | €259,210 | -€8,431 | -3.2% |
| Amounts payable within one year | 42/48 | €267,641 | €259,210 | -€8,431 | -3.2% |
| Trade debts | 44 | €25,030 | €12,667 | -€12,364 | -49.4% |
| Suppliers | 440/4 | €25,030 | €12,667 | -€12,364 | -49.4% |
| Taxes, remuneration and social security | 45 | €10,724 | €10,956 | +€232 | +2.2% |
| Taxes | 450/3 | €10,724 | €10,956 | +€232 | +2.2% |
| Other amounts payable | 47/48 | €231,887 | €235,587 | +€3,700 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,637 | €37,097 | +€2,460 | +7.1% |
| Other operating charges | 640/8 | €325 | €428 | +€103 | +31.6% |
| Non-recurring operating charges | 66A | - | €1,400 | +€1,400 | |
| Gross operating margin | 9900 | €43,008 | €41,759 | -€1,249 | -2.9% |
| Operating profit (loss) | 9901 | €8,046 | €2,834 | -€5,212 | -64.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €40 | €55 | +€15 | +37.6% |
| Recurring financial charges | 65 | €40 | €55 | +€15 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €8,006 | €2,778 | -€5,227 | -65.3% |
| Income taxes | 67/77 | €1,601 | €629 | -€972 | -60.7% |
| Profit (loss) for the period | 9904 | €6,405 | €2,150 | -€4,255 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,405 | €2,150 | -€4,255 | -66.4% |
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 13 October 2026 via checked.be.