VERHAEGEN 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.
VERHAEGEN AGRO
Largest movements
- Cash +€77,807
up €77,807 (+51.2%), from €152,042 to €229,849
mainly Other debts (+€100,000) and Net result for the year (+€50,134)
- Receivables within one year -€10,846
down €10,846 (-24.7%), from €43,984 to €33,138
of which Trade receivables: -€10,846
- Other debts +€100,000
up €100,000 (+87.3%), from €114,519 to €214,519
- Reserves -€49,866
down €49,866 (-30.4%), from €164,054 to €114,188
of which Distributable reserves: -€49,866
- Tax, wage and social debts +€11,922
up €11,922 (+188%), from €6,328 to €18,250
- Depreciation -€1,714
down €1,714 (-36.9%), from €4,647 to €2,932
- Gross operating margin -€1,206
down €1,206 (-1.4%), from €86,152 to €84,946
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 | €516,984 | €581,013 | +€64,029 | +12.4% |
| Fixed assets | 21/28 | €101,306 | €98,373 | -€2,932 | -2.9% |
| Tangible fixed assets | 22/27 | €101,306 | €98,373 | -€2,932 | -2.9% |
| Land and buildings | 22 | €101,266 | €98,353 | -€2,912 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100% |
| Furniture and vehicles | 24 | €40 | €20 | -€20 | -50.0% |
| Current assets | 29/58 | €415,679 | €482,640 | +€66,961 | +16.1% |
| Amounts receivable within one year | 40/41 | €43,984 | €33,138 | -€10,846 | -24.7% |
| Trade receivables | 40 | €43,984 | €33,138 | -€10,846 | -24.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €152,042 | €229,849 | +€77,807 | +51.2% |
| Deferred charges and accrued income | 490/1 | €219,653 | €219,653 | = | 0.0% |
| Total equity and liabilities | 10/49 | €516,984 | €581,013 | +€64,029 | +12.4% |
| Equity | 10/15 | €394,054 | €344,188 | -€49,866 | -12.7% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Share premium | 1100/10 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €164,054 | €114,188 | -€49,866 | -30.4% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €144,054 | €94,188 | -€49,866 | -34.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,931 | €236,825 | +€113,895 | +92.6% |
| Amounts payable within one year | 42/48 | €122,931 | €236,825 | +€113,895 | +92.6% |
| Trade debts | 44 | - | €1,973 | +€1,973 | |
| Suppliers | 440/4 | - | €1,973 | +€1,973 | |
| Advances received on contracts in progress | 46 | €2,083 | €2,083 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,328 | €18,250 | +€11,922 | +188% |
| Taxes | 450/3 | €6,328 | €18,250 | +€11,922 | +188% |
| Other amounts payable | 47/48 | €114,519 | €214,519 | +€100,000 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,647 | €2,932 | -€1,714 | -36.9% |
| Other operating charges | 640/8 | €13,060 | €13,205 | +€144 | +1.1% |
| Gross operating margin | 9900 | €86,152 | €84,946 | -€1,206 | -1.4% |
| Operating profit (loss) | 9901 | €68,445 | €68,809 | +€364 | +0.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €452 | €425 | -€27 | -5.9% |
| Recurring financial charges | 65 | €452 | €425 | -€27 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €67,993 | €68,384 | +€391 | +0.6% |
| Income taxes | 67/77 | €17,718 | €18,250 | +€532 | +3.0% |
| Profit (loss) for the period | 9904 | €50,275 | €50,134 | -€141 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,275 | €50,134 | -€141 | -0.3% |
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 26 October 2026 via checked.be.