VDS 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.
VDS AGRO
Largest movements
- Receivables within one year +€442,741
up €442,741 (+257.2%), from €172,145 to €614,886
of which Other amounts receivable: +€480,826
- Cash +€131,710
up €131,710 (+298.4%), from €44,131 to €175,842
mainly Trade debts (+€632,152) and Net result for the year (+€73,604)
- Tangible fixed assets +€86,512
up €86,512 (+9.8%), from €882,595 to €969,107
of which Plant, machinery and equipment: +€714,642
- Trade debts +€632,152
up €632,152 (+497.0%), from €127,183 to €759,336
- Reserves +€73,604
up €73,604 (+114.6%), from €64,235 to €137,839
- Debts after one year -€62,701
down €62,701 (-10.9%), from €577,030 to €514,329
- Other operating charges +€74,035
up €74,035 (+1990.6%), from €3,719 to €77,754
- Depreciation -€67,560
down €67,560 (-47.9%), from €141,118 to €73,558
- Gross operating margin +€10,081
up €10,081 (+4.1%), from €247,936 to €258,017
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 | €1,100,395 | €1,769,361 | +€668,967 | +60.8% |
| Fixed assets | 21/28 | €882,595 | €969,107 | +€86,512 | +9.8% |
| Tangible fixed assets | 22/27 | €882,595 | €969,107 | +€86,512 | +9.8% |
| Plant, machinery and equipment | 23 | €70,842 | €785,485 | +€714,642 | +1008.8% |
| Furniture and vehicles | 24 | €811,752 | €183,622 | -€628,130 | -77.4% |
| Current assets | 29/58 | €217,800 | €800,255 | +€582,455 | +267.4% |
| Amounts receivable within one year | 40/41 | €172,145 | €614,886 | +€442,741 | +257.2% |
| Trade receivables | 40 | €154,161 | €116,076 | -€38,085 | -24.7% |
| Other amounts receivable | 41 | €17,984 | €498,810 | +€480,826 | +2673.7% |
| Cash at bank and in hand | 54/58 | €44,131 | €175,842 | +€131,710 | +298.4% |
| Deferred charges and accrued income | 490/1 | €1,524 | €9,527 | +€8,003 | +525.2% |
| Total equity and liabilities | 10/49 | €1,100,395 | €1,769,361 | +€668,967 | +60.8% |
| Equity | 10/15 | €114,235 | €187,839 | +€73,604 | +64.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €64,235 | €137,839 | +€73,604 | +114.6% |
| Distributable reserves | 133 | €64,235 | €137,839 | +€73,604 | +114.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €986,160 | €1,581,523 | +€595,363 | +60.4% |
| Amounts payable after more than one year | 17 | €577,030 | €514,329 | -€62,701 | -10.9% |
| Financial debts | 170/4 | €577,030 | €514,329 | -€62,701 | -10.9% |
| Amounts payable within one year | 42/48 | €409,130 | €1,067,194 | +€658,064 | +160.8% |
| Current portion of amounts payable after more than one year | 42 | €129,576 | €143,488 | +€13,912 | +10.7% |
| Trade debts | 44 | €127,183 | €759,336 | +€632,152 | +497.0% |
| Suppliers | 440/4 | €127,183 | €759,336 | +€632,152 | +497.0% |
| Other amounts payable | 47/48 | €152,370 | €164,370 | +€12,000 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,118 | €73,558 | -€67,560 | -47.9% |
| Other operating charges | 640/8 | €3,719 | €77,754 | +€74,035 | +1990.6% |
| Gross operating margin | 9900 | €247,936 | €258,017 | +€10,081 | +4.1% |
| Operating profit (loss) | 9901 | €103,099 | €106,705 | +€3,606 | +3.5% |
| Financial charges | 65/66B | €31,416 | €33,101 | +€1,685 | +5.4% |
| Recurring financial charges | 65 | €31,416 | €33,101 | +€1,685 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €71,683 | €73,604 | +€1,921 | +2.7% |
| Income taxes | 67/77 | €2,465 | €0 | -€2,465 | -100.0% |
| Profit (loss) for the period | 9904 | €69,218 | €73,604 | +€4,386 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,218 | €73,604 | +€4,386 | +6.3% |
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 12 October 2026 via checked.be.