VDZ 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.
VDZ AGRI
Largest movements
- Cash +€21,270
up €21,270 (+74.2%), from €28,663 to €49,933
mainly Depreciation (+€62,275) and Net result for the year (+€15,750)
- Receivables within one year +€13,101
up €13,101 (+39.8%), from €32,914 to €46,015
of which Trade receivables: +€8,078
- Tangible fixed assets +€4,725
up €4,725 (+2.6%), from €184,346 to €189,071
- Reserves +€104,478
up €104,478 (+16,859%), from €620 to €105,098
of which Distributable reserves: +€104,478
- Profit (loss) carried forward -€88,728
no longer reported in 2025 (was €88,728)
- Debts after one year +€12,913
up €12,913 (+10.0%), from €129,000 to €141,912
- Current portion of long-term debt +€10,502
up €10,502 (+50.5%), from €20,800 to €31,302
- Gross operating margin +€21,375
up €21,375 (+35.7%), from €59,845 to €81,220
- Depreciation +€9,378
up €9,378 (+17.7%), from €52,897 to €62,275
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 | €246,443 | €285,571 | +€39,128 | +15.9% |
| Fixed assets | 21/28 | €184,346 | €189,071 | +€4,725 | +2.6% |
| Tangible fixed assets | 22/27 | €184,346 | €189,071 | +€4,725 | +2.6% |
| Plant, machinery and equipment | 23 | €184,346 | €189,071 | +€4,725 | +2.6% |
| Current assets | 29/58 | €62,097 | €96,500 | +€34,403 | +55.4% |
| Amounts receivable within one year | 40/41 | €32,914 | €46,015 | +€13,101 | +39.8% |
| Trade receivables | 40 | €32,157 | €40,235 | +€8,078 | +25.1% |
| Other amounts receivable | 41 | €757 | €5,780 | +€5,023 | +664% |
| Cash at bank and in hand | 54/58 | €28,663 | €49,933 | +€21,270 | +74.2% |
| Deferred charges and accrued income | 490/1 | €520 | €552 | +€32 | +6.1% |
| Total equity and liabilities | 10/49 | €246,443 | €285,571 | +€39,128 | +15.9% |
| Equity | 10/15 | €95,545 | €111,295 | +€15,750 | +16.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €620 | €105,098 | +€104,478 | +16,859% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | - | €104,478 | +€104,478 | |
| Profit (loss) carried forward | 14 | €88,728 | - | -€88,728 | |
| Amounts payable | 17/49 | €150,898 | €174,276 | +€23,378 | +15.5% |
| Amounts payable after more than one year | 17 | €129,000 | €141,912 | +€12,913 | +10.0% |
| Financial debts | 170/4 | €129,000 | €141,912 | +€12,913 | +10.0% |
| Amounts payable within one year | 42/48 | €21,898 | €32,364 | +€10,466 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €20,800 | €31,302 | +€10,502 | +50.5% |
| Other amounts payable | 47/48 | €1,098 | €1,062 | -€36 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,897 | €62,275 | +€9,378 | +17.7% |
| Gross operating margin | 9900 | €59,845 | €81,220 | +€21,375 | +35.7% |
| Operating profit (loss) | 9901 | €6,949 | €18,946 | +€11,997 | +173% |
| Financial charges | 65/66B | €2,700 | €3,196 | +€496 | +18.4% |
| Recurring financial charges | 65 | €2,700 | €3,196 | +€496 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €4,249 | €15,750 | +€11,501 | +271% |
| Profit (loss) for the period | 9904 | €4,249 | €15,750 | +€11,501 | +271% |
| Profit (loss) for the period to be appropriated | 9905 | €4,249 | €15,750 | +€11,501 | +271% |
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 26 October 2026 via checked.be.