VEMAGRI: 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.
VEMAGRI
Largest movements
- Cash -€33,810
down €33,810 (-97.3%), from €34,737 to €927
mainly Debts after one year (-€14,403) and Tax, wage and social debts (-€13,966)
- Receivables within one year +€7,301
up €7,301 (+21.0%), from €34,726 to €42,027
of which Trade receivables: +€9,837
- Tangible fixed assets -€7,156
down €7,156 (-1.9%), from €373,249 to €366,093
of which Furniture and vehicles: -€11,444
- Deferred charges and accrued income +€6,334
up €6,334 (+96.7%), from €6,551 to €12,885
- Debts after one year -€14,403
down €14,403 (-42.6%), from €33,845 to €19,442
- Tax, wage and social debts -€13,966
down €13,966 (-78.8%), from €17,714 to €3,748
- Current portion of long-term debt -€7,594
down €7,594 (-34.5%), from €21,997 to €14,403
- Reserves +€6,236
up €6,236 (+4.5%), from €137,450 to €143,686
- Gross operating margin +€5,896
up €5,896 (+24.3%), from €24,256 to €30,153
- Taxes +€2,679
up €2,679 (+177%), from €1,510 to €4,189
- Financial charges -€771
down €771 (-23.7%), from €3,253 to €2,482
- Other operating charges +€334
up €334 (+15.1%), from €2,205 to €2,539
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 | €455,619 | €428,288 | -€27,332 | -6.0% |
| Fixed assets | 21/28 | €379,606 | €372,450 | -€7,156 | -1.9% |
| Tangible fixed assets | 22/27 | €373,249 | €366,093 | -€7,156 | -1.9% |
| Land and buildings | 22 | €334,000 | €341,121 | +€7,121 | +2.1% |
| Plant, machinery and equipment | 23 | €4,018 | €1,185 | -€2,834 | -70.5% |
| Furniture and vehicles | 24 | €35,231 | €23,787 | -€11,444 | -32.5% |
| Financial fixed assets | 28 | €6,357 | €6,357 | = | 0.0% |
| Current assets | 29/58 | €76,014 | €55,838 | -€20,175 | -26.5% |
| Amounts receivable within one year | 40/41 | €34,726 | €42,027 | +€7,301 | +21.0% |
| Trade receivables | 40 | €32,089 | €41,927 | +€9,837 | +30.7% |
| Other amounts receivable | 41 | €2,636 | €100 | -€2,536 | -96.2% |
| Cash at bank and in hand | 54/58 | €34,737 | €927 | -€33,810 | -97.3% |
| Deferred charges and accrued income | 490/1 | €6,551 | €12,885 | +€6,334 | +96.7% |
| Total equity and liabilities | 10/49 | €455,619 | €428,288 | -€27,332 | -6.0% |
| Equity | 10/15 | €156,050 | €162,286 | +€6,236 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,450 | €143,686 | +€6,236 | +4.5% |
| Distributable reserves | 133 | €137,450 | €143,686 | +€6,236 | +4.5% |
| Amounts payable | 17/49 | €299,569 | €266,002 | -€33,567 | -11.2% |
| Amounts payable after more than one year | 17 | €33,845 | €19,442 | -€14,403 | -42.6% |
| Financial debts | 170/4 | €33,845 | €19,442 | -€14,403 | -42.6% |
| Amounts payable within one year | 42/48 | €265,319 | €245,339 | -€19,980 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €21,997 | €14,403 | -€7,594 | -34.5% |
| Trade debts | 44 | €7,824 | €10,434 | +€2,609 | +33.3% |
| Suppliers | 440/4 | €7,824 | €10,434 | +€2,609 | +33.3% |
| Taxes, remuneration and social security | 45 | €17,714 | €3,748 | -€13,966 | -78.8% |
| Taxes | 450/3 | €17,714 | €3,748 | -€13,966 | -78.8% |
| Other amounts payable | 47/48 | €217,784 | €216,754 | -€1,029 | -0.5% |
| Accrued charges and deferred income | 492/3 | €406 | €1,221 | +€815 | +201% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,769 | €14,770 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,205 | €2,539 | +€334 | +15.1% |
| Gross operating margin | 9900 | €24,256 | €30,153 | +€5,896 | +24.3% |
| Operating profit (loss) | 9901 | €7,282 | €12,844 | +€5,562 | +76.4% |
| Financial income | 75/76B | €186 | €63 | -€123 | -65.9% |
| Recurring financial income | 75 | €186 | €63 | -€123 | -65.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,253 | €2,482 | -€771 | -23.7% |
| Recurring financial charges | 65 | €3,253 | €2,482 | -€771 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €4,215 | €10,425 | +€6,210 | +147% |
| Income taxes | 67/77 | €1,510 | €4,189 | +€2,679 | +177% |
| Profit (loss) for the period | 9904 | €2,705 | €6,236 | +€3,530 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €2,705 | €6,236 | +€3,530 | +131% |
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 21 October 2026 via checked.be.