VDB 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.
VDB Agri
Largest movements
- Stocks and contracts +€55,988
up €55,988 (+37.2%), from €150,313 to €206,300
- Receivables within one year +€51,294
up €51,294 (+79.4%), from €64,617 to €115,911
of which Other amounts receivable: +€26,090
- Tangible fixed assets -€31,502
down €31,502 (-20.3%), from €155,415 to €123,913
- Cash -€26,651
down €26,651 (-15.3%), from €173,734 to €147,083
mainly Other debts (-€135,735) and Short-term financial debts (-€75,000)
- Debts after one year +€190,000
up €190,000, from €0 to €190,000
- Other debts -€135,735
down €135,735 (-95.4%), from €142,268 to €6,533
- Short-term financial debts -€75,000
down €75,000 (-20.0%), from €375,000 to €300,000
- Trade debts +€66,771
up €66,771 (+79.5%), from €83,960 to €150,731
- Gross operating margin +€32,906
up €32,906 (+127.1%), from €25,884 to €58,790
- Depreciation +€26,676
up €26,676 (+465.2%), from €5,735 to €32,411
- Financial charges +€11,907
up €11,907 (+129.2%), from €9,214 to €21,121
- Other operating charges -€8,932
down €8,932 (-73.4%), from €12,161 to €3,229
- Financial income -€2,225
down €2,225 (-88.1%), from €2,525 to €300
of which Financial income: -€2,225
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 | €545,662 | €594,376 | +€48,715 | +8.9% |
| Fixed assets | 21/28 | €156,584 | €125,082 | -€31,502 | -20.1% |
| Tangible fixed assets | 22/27 | €155,415 | €123,913 | -€31,502 | -20.3% |
| Plant, machinery and equipment | 23 | €155,415 | €123,913 | -€31,502 | -20.3% |
| Financial fixed assets | 28 | €1,169 | €1,169 | = | 0.0% |
| Current assets | 29/58 | €389,078 | €469,294 | +€80,217 | +20.6% |
| Stocks and contracts in progress | 3 | €150,313 | €206,300 | +€55,988 | +37.2% |
| Stocks | 30/36 | €150,313 | €206,300 | +€55,988 | +37.2% |
| Amounts receivable within one year | 40/41 | €64,617 | €115,911 | +€51,294 | +79.4% |
| Trade receivables | 40 | €59,592 | €84,796 | +€25,204 | +42.3% |
| Other amounts receivable | 41 | €5,026 | €31,115 | +€26,090 | +519.1% |
| Cash at bank and in hand | 54/58 | €173,734 | €147,083 | -€26,651 | -15.3% |
| Deferred charges and accrued income | 490/1 | €414 | €0 | -€414 | -100.0% |
| Total equity and liabilities | 10/49 | €545,662 | €594,376 | +€48,715 | +8.9% |
| Equity | 10/15 | -€64,578 | -€62,410 | +€2,169 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €15,867 | €15,867 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €15,867 | €15,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,038 | -€96,869 | +€2,169 | +2.2% |
| Amounts payable | 17/49 | €610,240 | €656,786 | +€46,546 | +7.6% |
| Amounts payable after more than one year | 17 | €0 | €190,000 | +€190,000 | |
| Financial debts | 170/4 | €0 | €190,000 | +€190,000 | |
| Amounts payable within one year | 42/48 | €610,240 | €466,786 | -€143,454 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €375,000 | €300,000 | -€75,000 | -20.0% |
| Credit institutions | 430/8 | €375,000 | €300,000 | -€75,000 | -20.0% |
| Trade debts | 44 | €83,960 | €150,731 | +€66,771 | +79.5% |
| Suppliers | 440/4 | €83,960 | €150,731 | +€66,771 | +79.5% |
| Taxes, remuneration and social security | 45 | €9,012 | €9,522 | +€510 | +5.7% |
| Taxes | 450/3 | €9,012 | €9,522 | +€510 | +5.7% |
| Other amounts payable | 47/48 | €142,268 | €6,533 | -€135,735 | -95.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,735 | €32,411 | +€26,676 | +465.2% |
| Other operating charges | 640/8 | €12,161 | €3,229 | -€8,932 | -73.4% |
| Gross operating margin | 9900 | €25,884 | €58,790 | +€32,906 | +127.1% |
| Operating profit (loss) | 9901 | €7,989 | €23,150 | +€15,161 | +189.8% |
| Financial income | 75/76B | €2,525 | €300 | -€2,225 | -88.1% |
| Recurring financial income | 75 | €2,525 | €300 | -€2,225 | -88.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,214 | €21,121 | +€11,907 | +129.2% |
| Recurring financial charges | 65 | €9,214 | €21,121 | +€11,907 | +129.2% |
| Profit (loss) for the period before taxes | 9903 | €1,300 | €2,329 | +€1,029 | +79.1% |
| Income taxes | 67/77 | €273 | €160 | -€112 | -41.2% |
| Profit (loss) for the period | 9904 | €1,027 | €2,169 | +€1,141 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,027 | €2,169 | +€1,141 | +111.1% |
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 9 October 2026 via checked.be.