VEGOBEL: what changed
Two fiscal 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.
What changed
VEGOBEL
NACE 01.280, Crop and animal production, hunting and related service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.2m+€355,815
Equity
€6.0m
2024 · €4.5m+€1.6m
Cash
€950,955
2024 · €764,090+€186,865
Balance sheet total
€7.8m
2024 · €6.1m+€1.7m
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+166.7%), from €600,050 to €1.6m
- Deferred charges and accrued income +€961,309
new in 2025: €961,309
- Intangible fixed assets -€206,763
down €206,763 (-25.6%), from €807,793 to €601,030
- Receivables within one year -€200,324
down €200,324 (-10.1%), from €2.0m to €1.8m
of which Other amounts receivable: -€789,246
- Cash +€186,865
up €186,865 (+24.5%), from €764,090 to €950,955
mainly Net result for the year (+€1.6m) and Depreciation (+€1.1m)
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+35.1%), from €4.4m to €6.0m
- Other debts +€131,136
up €131,136 (+78.4%), from €167,178 to €298,314
Income statement
- Turnover +€1.6m
up €1.6m (+14.9%), from €10.7m to €12.3m
- Services and other goods +€378,745
up €378,745 (+6.6%), from €5.7m to €6.1m
- Depreciation +€319,407
up €319,407 (+43.4%), from €735,987 to €1.1m
- Staff costs +€274,956
up €274,956 (+15.8%), from €1.7m to €2.0m
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.
Result 2024
€1.2m
Turnover
+€1.6m
Other operating income
-€27,600
Goods and materials
-€83,605
Services and other goods
-€378,745
Staff costs
-€274,956
Depreciation
-€319,407
Other operating charges
-€84,185
Financial income
+€2,605
Financial charges
+€5,774
Taxes
-€82,353
Result 2025
€1.6m
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.
From operations
+€2.1m
Investment
-€1.8m
Financing
-€78,000
Cash 2024
€764,090
From operations (derived)
+€2.1m
Net result for the year
+€1.6m
Depreciation
+€1.1m
Stocks and contracts
+€14,958
Receivables within one year
+€200,324
Deferred charges and accrued income
-€961,309
Trade debts
+€38,493
Tax, wage and social debts
+€54,113
Other debts
+€131,136
Accrued charges and deferred income
+€25,158
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€844,407
Current investments
-€1.0m
Financing
-€78,000
Debts after one year
-€78,000
Cash 2025
€950,955
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,112,329 | €7,834,234 | +€1.7m | +28.2% |
| Fixed assets | 21/28 | €2,618,183 | €2,407,197 | -€210,986 | -8.1% |
| Intangible fixed assets | 21 | €807,793 | €601,030 | -€206,763 | -25.6% |
| Tangible fixed assets | 22/27 | €1,803,536 | €1,799,312 | -€4,223 | -0.2% |
| Land and buildings | 22 | €497,459 | €817,234 | +€319,775 | +64.3% |
| Plant, machinery and equipment | 23 | €1,198,919 | €919,531 | -€279,388 | -23.3% |
| Furniture and vehicles | 24 | €107,158 | €62,548 | -€44,610 | -41.6% |
| Financial fixed assets | 28 | €6,855 | €6,855 | = | 0.0% |
| Affiliated companies | 280/1 | €6,855 | - | -€6,855 | |
| Participating interests | 280 | €6,855 | - | -€6,855 | |
| Other financial fixed assets | 284/8 | - | €6,855 | +€6,855 | |
| Amounts receivable and cash guarantees | 285/8 | - | €6,855 | +€6,855 | |
| Current assets | 29/58 | €3,494,146 | €5,427,038 | +€1.9m | +55.3% |
| Stocks and contracts in progress | 3 | €144,955 | €129,997 | -€14,958 | -10.3% |
| Stocks | 30/36 | €144,955 | €129,997 | -€14,958 | -10.3% |
| Goods purchased for resale | 34 | €144,955 | €129,997 | -€14,958 | -10.3% |
| Amounts receivable within one year | 40/41 | €1,985,052 | €1,784,728 | -€200,324 | -10.1% |
| Trade receivables | 40 | €1,035,065 | €1,623,987 | +€588,922 | +56.9% |
| Other amounts receivable | 41 | €949,987 | €160,741 | -€789,246 | -83.1% |
| Current investments | 50/53 | €600,050 | €1,600,050 | +€1.0m | +166.7% |
| Other investments | 51/53 | €600,050 | €1,600,050 | +€1.0m | +166.7% |
| Cash at bank and in hand | 54/58 | €764,090 | €950,955 | +€186,865 | +24.5% |
| Deferred charges and accrued income | 490/1 | - | €961,309 | +€961,309 | |
| Total equity and liabilities | 10/49 | €6,112,329 | €7,834,234 | +€1.7m | +28.2% |
| Equity | 10/15 | €4,498,005 | €6,049,010 | +€1.6m | +34.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €4,423,637 | €5,974,642 | +€1.6m | +35.1% |
| Distributable reserves | 133 | €4,423,637 | €5,974,642 | +€1.6m | +35.1% |
| Amounts payable | 17/49 | €1,614,324 | €1,785,224 | +€170,900 | +10.6% |
| Amounts payable after more than one year | 17 | €78,000 | €0 | -€78,000 | -100.0% |
| Financial debts | 170/4 | €78,000 | €0 | -€78,000 | -100.0% |
| Subordinated loans | 170 | €78,000 | €0 | -€78,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,529,824 | €1,753,566 | +€223,742 | +14.6% |
| Trade debts | 44 | €1,135,295 | €1,173,787 | +€38,493 | +3.4% |
| Suppliers | 440/4 | €1,135,295 | €1,173,787 | +€38,493 | +3.4% |
| Taxes, remuneration and social security | 45 | €227,352 | €281,465 | +€54,113 | +23.8% |
| Taxes | 450/3 | €86,163 | €190,476 | +€104,314 | +121.1% |
| Remuneration and social security | 454/9 | €141,189 | €90,989 | -€50,201 | -35.6% |
| Other amounts payable | 47/48 | €167,178 | €298,314 | +€131,136 | +78.4% |
| Accrued charges and deferred income | 492/3 | €6,500 | €31,658 | +€25,158 | +387.0% |
| Operating income | 70/76A | €10,851,392 | €12,422,080 | +€1.6m | +14.5% |
| Turnover | 70 | €10,719,031 | €12,317,319 | +€1.6m | +14.9% |
| Other operating income | 74 | €132,361 | €104,761 | -€27,600 | -20.9% |
| Operating charges | 60/66A | €9,618,148 | €10,759,046 | +€1.1m | +11.9% |
| Goods for resale, raw materials and consumables | 60 | €1,385,643 | €1,469,249 | +€83,605 | +6.0% |
| Purchases | 600/8 | €1,393,848 | €1,454,291 | +€60,442 | +4.3% |
| Change in stocks: decrease (increase) | 609 | -€8,205 | €14,958 | +€23,163 | |
| Services and other goods | 61 | €5,724,284 | €6,103,029 | +€378,745 | +6.6% |
| Remuneration, social security and pensions | 62 | €1,740,035 | €2,014,991 | +€274,956 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735,987 | €1,055,393 | +€319,407 | +43.4% |
| Other operating charges | 640/8 | €32,199 | €116,384 | +€84,185 | +261.5% |
| Operating profit (loss) | 9901 | €1,233,244 | €1,663,034 | +€429,790 | +34.9% |
| Financial income | 75/76B | €35,268 | €37,873 | +€2,605 | +7.4% |
| Recurring financial income | 75 | €35,268 | €37,873 | +€2,605 | +7.4% |
| Income from financial fixed assets | 750 | €21,946 | - | -€21,946 | |
| Income from current assets | 751 | - | €25,524 | +€25,524 | |
| Other financial income | 752/9 | €13,322 | €12,349 | -€974 | -7.3% |
| Financial charges | 65/66B | €6,288 | €514 | -€5,774 | -91.8% |
| Recurring financial charges | 65 | €6,288 | €514 | -€5,774 | -91.8% |
| Debt charges | 650 | €6,068 | €0 | -€6,068 | -100.0% |
| Other financial charges | 652/9 | €219 | €514 | +€294 | +134.1% |
| Profit (loss) for the period before taxes | 9903 | €1,262,224 | €1,700,393 | +€438,169 | +34.7% |
| Income taxes | 67/77 | €67,035 | €149,388 | +€82,353 | +122.9% |
| Taxes | 670/3 | €67,035 | €149,388 | +€82,353 | +122.9% |
| Profit (loss) for the period | 9904 | €1,195,190 | €1,551,005 | +€355,815 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,195,190 | €1,551,005 | +€355,815 | +29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.