VERHOEVEN 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.
VERHOEVEN AGRI
Largest movements
- Tangible fixed assets +€660,566
up €660,566 (+150%), from €440,860 to €1.1m
of which Land and buildings: +€595,000
- Cash -€281,255
down €281,255 (-85.6%), from €328,757 to €47,502
mainly Investment in fixed assets (net) (-€673,350) and Short-term financial debts (-€91,813)
- Receivables within one year -€17,546
down €17,546 (-14.3%), from €122,315 to €104,769
of which Other amounts receivable: -€35,262
- Stocks and contracts +€13,000
up €13,000, from €0 to €13,000
- Other debts +€410,115
up €410,115 (+137%), from €298,894 to €709,008
- Short-term financial debts -€91,813
no longer reported in 2025 (was €91,813)
- Reserves +€41,203
up €41,203 (+13.2%), from €311,359 to €352,562
of which Distributable reserves: +€41,203
- Trade debts +€14,312
up €14,312 (+1,380%), from €1,037 to €15,349
- Turnover -€306,784
no longer reported in 2025 (was €306,784)
- Gross operating margin +€153,011
new in 2025: €153,011
- Other operating charges +€62,979
up €62,979 (+2,096%), from €3,005 to €65,983
- Taxes -€49,685
down €49,685 (-80.1%), from €62,054 to €12,368
- Services and other goods -€44,446
no longer reported in 2025 (was €44,446)
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 | €891,931 | €1,268,601 | +€376,669 | +42.2% |
| Fixed assets | 21/28 | €440,860 | €1,101,426 | +€660,566 | +150% |
| Tangible fixed assets | 22/27 | €440,860 | €1,101,426 | +€660,566 | +150% |
| Land and buildings | 22 | €433,125 | €1,028,125 | +€595,000 | +137% |
| Plant, machinery and equipment | 23 | €7,735 | €73,301 | +€65,566 | +848% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €451,072 | €167,175 | -€283,897 | -62.9% |
| Stocks and contracts in progress | 3 | €0 | €13,000 | +€13,000 | |
| Stocks | 30/36 | - | €13,000 | +€13,000 | |
| Amounts receivable within one year | 40/41 | €122,315 | €104,769 | -€17,546 | -14.3% |
| Trade receivables | 40 | €84,369 | €102,085 | +€17,716 | +21.0% |
| Other amounts receivable | 41 | €37,946 | €2,684 | -€35,262 | -92.9% |
| Cash at bank and in hand | 54/58 | €328,757 | €47,502 | -€281,255 | -85.6% |
| Deferred charges and accrued income | 490/1 | - | €1,904 | +€1,904 | |
| Total equity and liabilities | 10/49 | €891,931 | €1,268,601 | +€376,669 | +42.2% |
| Equity | 10/15 | €495,859 | €537,062 | +€41,203 | +8.3% |
| Contributions | 10/11 | €184,500 | €184,500 | = | 0.0% |
| Capital | 10 | €184,500 | €184,500 | = | 0.0% |
| Issued capital | 100 | €184,500 | €184,500 | = | 0.0% |
| Reserves | 13 | €311,359 | €352,562 | +€41,203 | +13.2% |
| Non-distributable reserves | 130/1 | €18,450 | €18,450 | = | 0.0% |
| Legal reserve | 130 | €18,450 | €18,450 | = | 0.0% |
| Distributable reserves | 133 | €292,909 | €334,112 | +€41,203 | +14.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €396,072 | €731,539 | +€335,467 | +84.7% |
| Amounts payable within one year | 42/48 | €396,072 | €727,597 | +€331,524 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | €91,813 | - | -€91,813 | |
| Credit institutions | 430/8 | €91,813 | - | -€91,813 | |
| Trade debts | 44 | €1,037 | €15,349 | +€14,312 | +1,380% |
| Suppliers | 440/4 | €1,037 | €15,349 | +€14,312 | +1,380% |
| Taxes, remuneration and social security | 45 | €4,330 | €3,239 | -€1,090 | -25.2% |
| Taxes | 450/3 | €4,330 | €3,239 | -€1,090 | -25.2% |
| Other amounts payable | 47/48 | €298,894 | €709,008 | +€410,115 | +137% |
| Accrued charges and deferred income | 492/3 | €0 | €3,943 | +€3,943 | |
| Operating income | 70/76A | €309,220 | - | -€309,220 | |
| Turnover | 70 | €306,784 | - | -€306,784 | |
| Other operating income | 74 | €2,436 | - | -€2,436 | |
| Operating charges | 60/66A | €59,145 | - | -€59,145 | |
| Services and other goods | 61 | €44,446 | - | -€44,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,695 | €12,784 | +€1,089 | +9.3% |
| Other operating charges | 640/8 | €3,005 | €65,983 | +€62,979 | +2,096% |
| Gross operating margin | 9900 | - | €153,011 | +€153,011 | |
| Operating profit (loss) | 9901 | €250,074 | €74,244 | -€175,830 | -70.3% |
| Financial income | 75/76B | €130 | €174 | +€44 | +34.1% |
| Recurring financial income | 75 | €130 | €174 | +€44 | +34.1% |
| Income from current assets | 751 | €130 | - | -€130 | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €5,014 | €20,847 | +€15,832 | +316% |
| Recurring financial charges | 65 | €5,014 | €20,847 | +€15,832 | +316% |
| Debt charges | 650 | €4,948 | - | -€4,948 | |
| Other financial charges | 652/9 | €66 | - | -€66 | |
| Profit (loss) for the period before taxes | 9903 | €245,190 | €53,571 | -€191,618 | -78.2% |
| Income taxes | 67/77 | €62,054 | €12,368 | -€49,685 | -80.1% |
| Taxes | 670/3 | €62,054 | - | -€62,054 | |
| Profit (loss) for the period | 9904 | €183,136 | €41,203 | -€141,933 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €183,136 | €41,203 | -€141,933 | -77.5% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.