VDP 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.
VDP AGRO
Largest movements
- Receivables within one year +€8,028
up €8,028 (+1,224%), from €656 to €8,684
of which Trade receivables: +€7,017
- Cash +€6,897
up €6,897 (+13.0%), from €52,961 to €59,858
mainly Net result for the year (+€17,492) and Depreciation (+€2,257)
- Tangible fixed assets +€1,243
up €1,243 (+11.4%), from €10,946 to €12,189
of which Plant, machinery and equipment: +€2,443
- Profit (loss) carried forward +€17,492
up €17,492 (+68.5%), from €25,527 to €43,019
- Tax, wage and social debts -€1,521
down €1,521 (-21.8%), from €6,974 to €5,453
- Gross operating margin -€9,775
down €9,775 (-28.6%), from €34,227 to €24,452
- Taxes -€2,008
down €2,008 (-31.5%), from €6,381 to €4,373
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 | €66,077 | €82,326 | +€16,249 | +24.6% |
| Fixed assets | 21/28 | €10,946 | €12,189 | +€1,243 | +11.4% |
| Tangible fixed assets | 22/27 | €10,946 | €12,189 | +€1,243 | +11.4% |
| Plant, machinery and equipment | 23 | €6,703 | €9,146 | +€2,443 | +36.4% |
| Furniture and vehicles | 24 | €4,243 | €3,043 | -€1,200 | -28.3% |
| Current assets | 29/58 | €55,131 | €70,137 | +€15,006 | +27.2% |
| Amounts receivable within one year | 40/41 | €656 | €8,684 | +€8,028 | +1,224% |
| Trade receivables | 40 | €656 | €7,673 | +€7,017 | +1,070% |
| Other amounts receivable | 41 | - | €1,011 | +€1,011 | |
| Cash at bank and in hand | 54/58 | €52,961 | €59,858 | +€6,897 | +13.0% |
| Deferred charges and accrued income | 490/1 | €1,514 | €1,595 | +€81 | +5.4% |
| Total equity and liabilities | 10/49 | €66,077 | €82,326 | +€16,249 | +24.6% |
| Equity | 10/15 | €55,568 | €73,060 | +€17,492 | +31.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,041 | €25,041 | = | 0.0% |
| Distributable reserves | 133 | €25,041 | €25,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,527 | €43,019 | +€17,492 | +68.5% |
| Amounts payable | 17/49 | €10,509 | €9,266 | -€1,243 | -11.8% |
| Amounts payable within one year | 42/48 | €9,771 | €8,527 | -€1,244 | -12.7% |
| Trade debts | 44 | €2,603 | €2,849 | +€246 | +9.5% |
| Suppliers | 440/4 | €2,603 | €2,849 | +€246 | +9.5% |
| Taxes, remuneration and social security | 45 | €6,974 | €5,453 | -€1,521 | -21.8% |
| Taxes | 450/3 | €6,974 | €5,453 | -€1,521 | -21.8% |
| Other amounts payable | 47/48 | €194 | €225 | +€31 | +16.0% |
| Accrued charges and deferred income | 492/3 | €738 | €739 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €2,257 | +€264 | +13.2% |
| Other operating charges | 640/8 | €288 | €291 | +€3 | +1.0% |
| Gross operating margin | 9900 | €34,227 | €24,452 | -€9,775 | -28.6% |
| Operating profit (loss) | 9901 | €31,946 | €21,904 | -€10,042 | -31.4% |
| Financial charges | 65/66B | €38 | €39 | +€1 | +2.6% |
| Recurring financial charges | 65 | €38 | €39 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €31,908 | €21,865 | -€10,043 | -31.5% |
| Income taxes | 67/77 | €6,381 | €4,373 | -€2,008 | -31.5% |
| Profit (loss) for the period | 9904 | €25,527 | €17,492 | -€8,035 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,527 | €17,492 | -€8,035 | -31.5% |
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 19 October 2026 via checked.be.