VMS 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.
VMS AGRO
Largest movements
- Cash +€138,237
up €138,237 (+142%), from €97,182 to €235,419
mainly Stocks and contracts (+€54,931) and Depreciation (+€50,311)
- Stocks and contracts -€54,931
down €54,931 (-37.1%), from €147,869 to €92,937
- Tangible fixed assets -€43,461
down €43,461 (-14.5%), from €300,614 to €257,153
- Current investments -€19,294
down €19,294 (-69.6%), from €27,740 to €8,446
- Reserves +€28,392
up €28,392 (+17.4%), from €163,171 to €191,562
- Debts after one year -€22,219
down €22,219 (-23.7%), from €93,638 to €71,419
of which Financial debts: -€22,219
- Tax, wage and social debts +€17,975
up €17,975 (+83.5%), from €21,537 to €39,512
of which Taxes: +€14,248
- Trade debts -€14,927
down €14,927 (-73.2%), from €20,386 to €5,459
- Advances received +€13,676
up €13,676 (+86.5%), from €15,810 to €29,486
- Staff costs +€38,759
up €38,759 (+35.2%), from €109,985 to €148,744
- Gross operating margin +€36,219
up €36,219 (+16.1%), from €224,471 to €260,690
- Taxes +€7,490
up €7,490 (+53.8%), from €13,914 to €21,403
- Depreciation -€3,024
down €3,024 (-5.7%), from €53,335 to €50,311
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 | €583,930 | €599,898 | +€15,968 | +2.7% |
| Fixed assets | 21/28 | €300,614 | €257,153 | -€43,461 | -14.5% |
| Tangible fixed assets | 22/27 | €300,614 | €257,153 | -€43,461 | -14.5% |
| Land and buildings | 22 | €157,547 | €147,477 | -€10,070 | -6.4% |
| Plant, machinery and equipment | 23 | €23,105 | €18,115 | -€4,990 | -21.6% |
| Furniture and vehicles | 24 | €58,491 | €38,742 | -€19,749 | -33.8% |
| Other tangible fixed assets | 26 | €61,471 | €52,819 | -€8,652 | -14.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €283,316 | €342,745 | +€59,429 | +21.0% |
| Stocks and contracts in progress | 3 | €147,869 | €92,937 | -€54,931 | -37.1% |
| Stocks | 30/36 | €147,869 | €92,937 | -€54,931 | -37.1% |
| Amounts receivable within one year | 40/41 | €2,260 | €720 | -€1,540 | -68.2% |
| Trade receivables | 40 | - | €713 | +€713 | |
| Other amounts receivable | 41 | €2,260 | €7 | -€2,253 | -99.7% |
| Current investments | 50/53 | €27,740 | €8,446 | -€19,294 | -69.6% |
| Cash at bank and in hand | 54/58 | €97,182 | €235,419 | +€138,237 | +142% |
| Deferred charges and accrued income | 490/1 | €8,265 | €5,223 | -€3,042 | -36.8% |
| Total equity and liabilities | 10/49 | €583,930 | €599,898 | +€15,968 | +2.7% |
| Equity | 10/15 | €393,171 | €421,562 | +€28,392 | +7.2% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €163,171 | €191,562 | +€28,392 | +17.4% |
| Distributable reserves | 133 | €163,171 | €191,562 | +€28,392 | +17.4% |
| Amounts payable | 17/49 | €190,759 | €178,336 | -€12,423 | -6.5% |
| Amounts payable after more than one year | 17 | €93,638 | €71,419 | -€22,219 | -23.7% |
| Financial debts | 170/4 | €30,638 | €8,419 | -€22,219 | -72.5% |
| Other amounts payable | 178/9 | €63,000 | €63,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €79,692 | €100,674 | +€20,981 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €21,818 | €22,219 | +€402 | +1.8% |
| Trade debts | 44 | €20,386 | €5,459 | -€14,927 | -73.2% |
| Suppliers | 440/4 | €20,386 | €5,459 | -€14,927 | -73.2% |
| Advances received on contracts in progress | 46 | €15,810 | €29,486 | +€13,676 | +86.5% |
| Taxes, remuneration and social security | 45 | €21,537 | €39,512 | +€17,975 | +83.5% |
| Taxes | 450/3 | €14,315 | €28,563 | +€14,248 | +99.5% |
| Remuneration and social security | 454/9 | €7,222 | €10,949 | +€3,727 | +51.6% |
| Other amounts payable | 47/48 | €141 | €3,997 | +€3,856 | +2,738% |
| Accrued charges and deferred income | 492/3 | €17,429 | €6,244 | -€11,186 | -64.2% |
| Non-recurring operating income | 76A | €4,170 | €4,170 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €109,985 | €148,744 | +€38,759 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,335 | €50,311 | -€3,024 | -5.7% |
| Other operating charges | 640/8 | €2,780 | €2,338 | -€442 | -15.9% |
| Gross operating margin | 9900 | €224,471 | €260,690 | +€36,219 | +16.1% |
| Operating profit (loss) | 9901 | €58,371 | €59,297 | +€926 | +1.6% |
| Financial income | 75/76B | €268 | €735 | +€466 | +174% |
| Recurring financial income | 75 | €268 | €735 | +€466 | +174% |
| Financial charges | 65/66B | €12,354 | €10,237 | -€2,117 | -17.1% |
| Recurring financial charges | 65 | €12,354 | €10,237 | -€2,117 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €46,285 | €49,795 | +€3,509 | +7.6% |
| Income taxes | 67/77 | €13,914 | €21,403 | +€7,490 | +53.8% |
| Profit (loss) for the period | 9904 | €32,372 | €28,392 | -€3,980 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,372 | €28,392 | -€3,980 | -12.3% |
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 16 October 2026 via checked.be.