VERSTRAETE AGRA: 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.
What changed
VERSTRAETE AGRA
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€161,104
2024 · €235,209-€74,105
Equity
€3.0m
2024 · €2.8m+€155,974
Cash
€529,500
2024 · €496,261+€33,239
Balance sheet total
€4.1m
2024 · €3.6m+€551,640
Largest movements
Assets
- Stocks and contracts +€555,005
up €555,005 (+165%), from €336,782 to €891,786
- Receivables within one year -€297,945
down €297,945 (-13.9%), from €2.1m to €1.8m
of which Trade receivables: -€211,055
- Tangible fixed assets +€260,464
up €260,464 (+43.7%), from €595,848 to €856,312
of which Furniture and vehicles: +€241,750
Equity and liabilities
- Trade debts +€474,408
up €474,408 (+187%), from €253,700 to €728,108
- Reserves +€161,104
up €161,104 (+6.2%), from €2.6m to €2.7m
of which Distributable reserves: +€161,856
Income statement
- Gross operating margin -€54,826
down €54,826 (-9.9%), from €555,838 to €501,012
- Taxes -€41,933
down €41,933 (-40.3%), from €104,081 to €62,148
- Financial income -€32,569
down €32,569 (-72.1%), from €45,156 to €12,586
- Depreciation +€27,630
up €27,630 (+23.8%), from €116,054 to €143,684
- Financial charges -€13,964
down €13,964 (-37.3%), from €37,417 to €23,453
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
€235,209
Gross operating margin
-€54,826
Staff costs
-€13,261
Depreciation
-€27,630
Other operating charges
-€1,715
Financial income
-€32,569
Financial charges
+€13,964
Taxes
+€41,933
Result 2025
€161,104
raises the resultlowers the result
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.
From operations
+€484,869
Investment
-€403,999
Financing
-€47,630
Cash 2024
€496,261
From operations (derived)
+€484,869
Net result for the year
+€161,104
Depreciation
+€143,684
Stocks and contracts
-€555,005
Receivables within one year
+€297,945
Smaller working-capital items
-€2,020
Trade debts
+€474,408
Other debts
-€23,298
Accrued charges and deferred income
-€11,950
Investment (derived)
-€403,999
Investment in fixed assets (net)
-€403,999
Financing
-€47,630
Debts after one year
-€40,000
Current portion of long-term debt
-€2,500
Contributions, distributions and other
-€5,130
Cash 2025
€529,500
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,588,924 | €4,140,564 | +€551,640 | +15.4% |
| Fixed assets | 21/28 | €595,997 | €856,312 | +€260,315 | +43.7% |
| Intangible fixed assets | 21 | €149 | €0 | -€149 | -100% |
| Tangible fixed assets | 22/27 | €595,848 | €856,312 | +€260,464 | +43.7% |
| Land and buildings | 22 | €395,284 | €456,065 | +€60,780 | +15.4% |
| Plant, machinery and equipment | 23 | €140,551 | €98,485 | -€42,066 | -29.9% |
| Furniture and vehicles | 24 | €60,012 | €301,762 | +€241,750 | +403% |
| Current assets | 29/58 | €2,992,928 | €3,284,252 | +€291,324 | +9.7% |
| Stocks and contracts in progress | 3 | €336,782 | €891,786 | +€555,005 | +165% |
| Stocks | 30/36 | €336,782 | €891,786 | +€555,005 | +165% |
| Amounts receivable within one year | 40/41 | €2,142,495 | €1,844,550 | -€297,945 | -13.9% |
| Trade receivables | 40 | €2,040,353 | €1,829,298 | -€211,055 | -10.3% |
| Other amounts receivable | 41 | €102,142 | €15,251 | -€86,891 | -85.1% |
| Cash at bank and in hand | 54/58 | €496,261 | €529,500 | +€33,239 | +6.7% |
| Deferred charges and accrued income | 490/1 | €17,390 | €18,416 | +€1,026 | +5.9% |
| Total equity and liabilities | 10/49 | €3,588,924 | €4,140,564 | +€551,640 | +15.4% |
| Equity | 10/15 | €2,799,107 | €2,955,080 | +€155,974 | +5.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,588,519 | €2,749,623 | +€161,104 | +6.2% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,118 | €31,365 | -€753 | -2.3% |
| Distributable reserves | 133 | €2,541,402 | €2,703,258 | +€161,856 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €60,587 | €55,457 | -€5,130 | -8.5% |
| Provisions and deferred taxes | 16 | €5,411 | €5,085 | -€326 | -6.0% |
| Deferred taxes | 168 | €5,411 | €5,085 | -€326 | -6.0% |
| Amounts payable | 17/49 | €784,407 | €1,180,399 | +€395,992 | +50.5% |
| Amounts payable after more than one year | 17 | €143,334 | €103,333 | -€40,000 | -27.9% |
| Financial debts | 170/4 | €143,334 | €103,333 | -€40,000 | -27.9% |
| Amounts payable within one year | 42/48 | €627,873 | €1,075,815 | +€447,942 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €42,500 | €40,000 | -€2,500 | -5.9% |
| Trade debts | 44 | €253,700 | €728,108 | +€474,408 | +187% |
| Suppliers | 440/4 | €253,700 | €728,108 | +€474,408 | +187% |
| Taxes, remuneration and social security | 45 | €30,113 | €29,445 | -€668 | -2.2% |
| Taxes | 450/3 | €3,789 | €12,607 | +€8,818 | +233% |
| Remuneration and social security | 454/9 | €26,324 | €16,838 | -€9,486 | -36.0% |
| Other amounts payable | 47/48 | €301,560 | €278,263 | -€23,298 | -7.7% |
| Accrued charges and deferred income | 492/3 | €13,200 | €1,250 | -€11,950 | -90.5% |
| Non-recurring operating income | 76A | €3,000 | €0 | -€3,000 | -100% |
| Remuneration, social security and pensions | 62 | €79,600 | €92,861 | +€13,261 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,054 | €143,684 | +€27,630 | +23.8% |
| Other operating charges | 640/8 | €28,959 | €30,674 | +€1,715 | +5.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €555,838 | €501,012 | -€54,826 | -9.9% |
| Operating profit (loss) | 9901 | €331,225 | €233,793 | -€97,432 | -29.4% |
| Financial income | 75/76B | €45,156 | €12,586 | -€32,569 | -72.1% |
| Recurring financial income | 75 | €45,156 | €12,586 | -€32,569 | -72.1% |
| Financial charges | 65/66B | €37,417 | €23,453 | -€13,964 | -37.3% |
| Recurring financial charges | 65 | €37,417 | €23,453 | -€13,964 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €338,964 | €222,926 | -€116,037 | -34.2% |
| Transfer from deferred taxes | 780 | €326 | €326 | = | 0.0% |
| Income taxes | 67/77 | €104,081 | €62,148 | -€41,933 | -40.3% |
| Profit (loss) for the period | 9904 | €235,209 | €161,104 | -€74,105 | -31.5% |
| Transfer from tax-exempt reserves | 789 | €753 | €753 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €235,961 | €161,856 | -€74,105 | -31.4% |
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 31 October 2026 via checked.be.