VDB 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.
VDB Agro
Largest movements
- Cash +€15,332
up €15,332 (+12.4%), from €123,366 to €138,699
mainly Receivables within one year (+€6,208) and Net result for the year (+€4,877)
- Receivables within one year -€6,208
down €6,208 (-64.3%), from €9,649 to €3,440
of which Trade receivables: -€7,764
- Tangible fixed assets -€4,055
down €4,055 (-22.2%), from €18,300 to €14,245
- Reserves +€4,877
up €4,877 (+8.0%), from €60,653 to €65,530
- Other debts -€1,582
down €1,582 (-2.1%), from €77,042 to €75,460
- Gross operating margin -€7,765
down €7,765 (-30.1%), from €25,833 to €18,068
- Depreciation +€2,081
up €2,081 (+105%), from €1,974 to €4,055
- Taxes -€884
down €884 (-21.4%), from €4,126 to €3,243
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 | €152,094 | €157,188 | +€5,094 | +3.3% |
| Fixed assets | 21/28 | €18,300 | €14,245 | -€4,055 | -22.2% |
| Tangible fixed assets | 22/27 | €18,300 | €14,245 | -€4,055 | -22.2% |
| Furniture and vehicles | 24 | €18,300 | €14,245 | -€4,055 | -22.2% |
| Current assets | 29/58 | €133,794 | €142,943 | +€9,149 | +6.8% |
| Amounts receivable within one year | 40/41 | €9,649 | €3,440 | -€6,208 | -64.3% |
| Trade receivables | 40 | €8,256 | €492 | -€7,764 | -94.0% |
| Other amounts receivable | 41 | €1,392 | €2,948 | +€1,556 | +112% |
| Cash at bank and in hand | 54/58 | €123,366 | €138,699 | +€15,332 | +12.4% |
| Deferred charges and accrued income | 490/1 | €779 | €804 | +€25 | +3.2% |
| Total equity and liabilities | 10/49 | €152,094 | €157,188 | +€5,094 | +3.3% |
| Equity | 10/15 | €73,053 | €77,930 | +€4,877 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,653 | €65,530 | +€4,877 | +8.0% |
| Distributable reserves | 133 | €60,653 | €65,530 | +€4,877 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €79,041 | €79,259 | +€217 | +0.3% |
| Amounts payable within one year | 42/48 | €79,040 | €79,259 | +€219 | +0.3% |
| Trade debts | 44 | €608 | €1,032 | +€424 | +69.7% |
| Suppliers | 440/4 | €608 | €1,032 | +€424 | +69.7% |
| Taxes, remuneration and social security | 45 | €1,389 | €2,767 | +€1,377 | +99.1% |
| Taxes | 450/3 | €1,389 | €2,767 | +€1,377 | +99.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €77,042 | €75,460 | -€1,582 | -2.1% |
| Accrued charges and deferred income | 492/3 | €2 | €0 | -€2 | -100% |
| Remuneration, social security and pensions | 62 | €601 | €677 | +€76 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €4,055 | +€2,081 | +105% |
| Other operating charges | 640/8 | €451 | €571 | +€120 | +26.7% |
| Gross operating margin | 9900 | €25,833 | €18,068 | -€7,765 | -30.1% |
| Operating profit (loss) | 9901 | €22,807 | €12,765 | -€10,043 | -44.0% |
| Financial charges | 65/66B | €4,699 | €4,646 | -€53 | -1.1% |
| Recurring financial charges | 65 | €4,699 | €4,646 | -€53 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €18,109 | €8,119 | -€9,989 | -55.2% |
| Income taxes | 67/77 | €4,126 | €3,243 | -€884 | -21.4% |
| Profit (loss) for the period | 9904 | €13,982 | €4,877 | -€9,106 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,982 | €4,877 | -€9,106 | -65.1% |
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 18 October 2026 via checked.be.