VC 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.
VC AGRO
Largest movements
- Tangible fixed assets -€41,296
down €41,296 (-21.0%), from €196,495 to €155,200
of which Furniture and vehicles: -€31,316
- Receivables within one year -€19,960
down €19,960 (-59.7%), from €33,425 to €13,465
of which Trade receivables: -€19,341
- Profit (loss) carried forward -€37,306
down €37,306 (-23.6%), from -€158,305 to -€195,611
- Trade debts -€25,011
down €25,011 (-71.1%), from €35,179 to €10,168
- Other debts -€7,019
down €7,019 (-8.2%), from €86,083 to €79,065
- Tax, wage and social debts +€3,894
new in 2025: €3,894
- Gross operating margin -€46,104
down €46,104 (-63.5%), from €72,568 to €26,464
- Write-downs +€8,124
new in 2025: €8,124
- Depreciation +€5,524
up €5,524 (+11.5%), from €48,082 to €53,606
- Other operating charges -€2,101
down €2,101 (-62.1%), from €3,383 to €1,282
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,835 | €171,350 | -€61,485 | -26.4% |
| Fixed assets | 21/28 | €196,495 | €155,200 | -€41,296 | -21.0% |
| Tangible fixed assets | 22/27 | €196,495 | €155,200 | -€41,296 | -21.0% |
| Plant, machinery and equipment | 23 | €35,550 | €38,775 | +€3,225 | +9.1% |
| Furniture and vehicles | 24 | €123,834 | €92,518 | -€31,316 | -25.3% |
| Leasing and similar rights | 25 | €37,111 | €23,906 | -€13,205 | -35.6% |
| Current assets | 29/58 | €36,340 | €16,151 | -€20,189 | -55.6% |
| Amounts receivable within one year | 40/41 | €33,425 | €13,465 | -€19,960 | -59.7% |
| Trade receivables | 40 | €30,965 | €11,624 | -€19,341 | -62.5% |
| Other amounts receivable | 41 | €2,460 | €1,841 | -€619 | -25.2% |
| Deferred charges and accrued income | 490/1 | €2,914 | €2,685 | -€229 | -7.9% |
| Total equity and liabilities | 10/49 | €232,835 | €171,350 | -€61,485 | -26.4% |
| Equity | 10/15 | -€139,705 | -€177,011 | -€37,306 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,305 | -€195,611 | -€37,306 | -23.6% |
| Amounts payable | 17/49 | €372,540 | €348,361 | -€24,179 | -6.5% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,478 | €96,561 | -€25,917 | -21.2% |
| Financial debts | 43 | €1,216 | €3,435 | +€2,218 | +182.4% |
| Credit institutions | 430/8 | €1,216 | €3,435 | +€2,218 | +182.4% |
| Trade debts | 44 | €35,179 | €10,168 | -€25,011 | -71.1% |
| Suppliers | 440/4 | €35,179 | €10,168 | -€25,011 | -71.1% |
| Taxes, remuneration and social security | 45 | - | €3,894 | +€3,894 | |
| Taxes | 450/3 | - | €3,894 | +€3,894 | |
| Other amounts payable | 47/48 | €86,083 | €79,065 | -€7,019 | -8.2% |
| Accrued charges and deferred income | 492/3 | €62 | €1,800 | +€1,738 | +2803.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,082 | €53,606 | +€5,524 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,124 | +€8,124 | |
| Other operating charges | 640/8 | €3,383 | €1,282 | -€2,101 | -62.1% |
| Gross operating margin | 9900 | €72,568 | €26,464 | -€46,104 | -63.5% |
| Operating profit (loss) | 9901 | €21,103 | -€36,548 | -€57,651 | |
| Financial income | 75/76B | €193 | €202 | +€9 | +4.6% |
| Recurring financial income | 75 | €193 | €202 | +€9 | +4.6% |
| Financial charges | 65/66B | €848 | €959 | +€111 | +13.1% |
| Recurring financial charges | 65 | €848 | €959 | +€111 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €20,447 | -€37,306 | -€57,753 | |
| Profit (loss) for the period | 9904 | €20,447 | -€37,306 | -€57,753 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,447 | -€37,306 | -€57,753 |
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 4 October 2026 via checked.be.