VC Agri: 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.
VC Agri
Largest movements
- Tangible fixed assets -€114,365
down €114,365 (-22.5%), from €509,347 to €394,981
of which Plant, machinery and equipment: -€68,737
- Cash +€35,529
up €35,529 (+57.1%), from €62,220 to €97,749
mainly Depreciation (+€114,365) and Trade debts (+€107,503)
- Receivables within one year +€32,465
up €32,465 (+14.4%), from €225,977 to €258,443
of which Trade receivables: +€31,377
- Trade debts +€107,503
up €107,503 (+18,050%), from €596 to €108,099
- Other debts -€106,182
down €106,182 (-29.5%), from €359,729 to €253,547
- Debts after one year -€58,856
down €58,856 (-17.6%), from €334,285 to €275,430
- Profit (loss) carried forward +€16,657
up €16,657 (+13.7%), from €121,789 to €138,446
- Gross operating margin -€177,253
down €177,253 (-55.2%), from €321,111 to €143,858
- Depreciation -€134,441
down €134,441 (-54.0%), from €248,806 to €114,365
- Write-downs -€7,683
new in 2025: -€7,683
- Financial charges -€5,475
down €5,475 (-26.2%), from €20,911 to €15,437
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 | €904,601 | €861,154 | -€43,447 | -4.8% |
| Fixed assets | 21/28 | €509,347 | €394,981 | -€114,365 | -22.5% |
| Tangible fixed assets | 22/27 | €509,347 | €394,981 | -€114,365 | -22.5% |
| Plant, machinery and equipment | 23 | €361,628 | €292,891 | -€68,737 | -19.0% |
| Furniture and vehicles | 24 | €147,719 | €102,090 | -€45,629 | -30.9% |
| Current assets | 29/58 | €395,255 | €466,172 | +€70,918 | +17.9% |
| Stocks and contracts in progress | 3 | €104,740 | €105,171 | +€431 | +0.4% |
| Stocks | 30/36 | €104,740 | €105,171 | +€431 | +0.4% |
| Amounts receivable within one year | 40/41 | €225,977 | €258,443 | +€32,465 | +14.4% |
| Trade receivables | 40 | €225,977 | €257,355 | +€31,377 | +13.9% |
| Other amounts receivable | 41 | - | €1,088 | +€1,088 | |
| Cash at bank and in hand | 54/58 | €62,220 | €97,749 | +€35,529 | +57.1% |
| Deferred charges and accrued income | 490/1 | €2,317 | €4,810 | +€2,493 | +108% |
| Total equity and liabilities | 10/49 | €904,601 | €861,154 | -€43,447 | -4.8% |
| Equity | 10/15 | €124,289 | €140,946 | +€16,657 | +13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,789 | €138,446 | +€16,657 | +13.7% |
| Amounts payable | 17/49 | €780,313 | €720,208 | -€60,105 | -7.7% |
| Amounts payable after more than one year | 17 | €334,285 | €275,430 | -€58,856 | -17.6% |
| Financial debts | 170/4 | €334,285 | €275,430 | -€58,856 | -17.6% |
| Amounts payable within one year | 42/48 | €446,027 | €444,778 | -€1,249 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €56,482 | €58,856 | +€2,374 | +4.2% |
| Trade debts | 44 | €596 | €108,099 | +€107,503 | +18,050% |
| Suppliers | 440/4 | €596 | €108,099 | +€107,503 | +18,050% |
| Taxes, remuneration and social security | 45 | €29,221 | €24,277 | -€4,944 | -16.9% |
| Taxes | 450/3 | €25,181 | €10,137 | -€15,044 | -59.7% |
| Remuneration and social security | 454/9 | €4,040 | €14,140 | +€10,100 | +250% |
| Other amounts payable | 47/48 | €359,729 | €253,547 | -€106,182 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,806 | €114,365 | -€134,441 | -54.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,683 | -€7,683 | |
| Other operating charges | 640/8 | €608 | €876 | +€268 | +44.1% |
| Gross operating margin | 9900 | €321,111 | €143,858 | -€177,253 | -55.2% |
| Operating profit (loss) | 9901 | €71,697 | €36,299 | -€35,398 | -49.4% |
| Financial income | 75/76B | €595 | €243 | -€352 | -59.2% |
| Recurring financial income | 75 | €595 | €243 | -€352 | -59.2% |
| Financial charges | 65/66B | €20,911 | €15,437 | -€5,475 | -26.2% |
| Recurring financial charges | 65 | €20,911 | €15,437 | -€5,475 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €51,381 | €21,105 | -€30,276 | -58.9% |
| Income taxes | 67/77 | €5,689 | €4,448 | -€1,241 | -21.8% |
| Profit (loss) for the period | 9904 | €45,692 | €16,657 | -€29,034 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,692 | €16,657 | -€29,034 | -63.5% |
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.