VPLANT: 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
VPLANT
NACE 47.761, Retail sale of flowers, plants, seeds and fertilisers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,999
2024 · €65,003+€1,996
Equity
€649,327
2024 · €582,328+€66,999
Cash
€3,220
2024 · €7,923-€4,703
Balance sheet total
€2.3m
2024 · €2.3m+€23,103
Largest movements
Assets
- Receivables after one year +€150,000
new in 2025: €150,000
- Tangible fixed assets -€137,086
down €137,086 (-6.9%), from €2.0m to €1.8m
of which Land and buildings: -€136,845
Equity and liabilities
- Reserves +€66,999
up €66,999 (+29.3%), from €228,728 to €295,727
- Current portion of long-term debt +€49,459
up €49,459 (+32.6%), from €151,733 to €201,192
- Other debts -€44,740
down €44,740 (-87.9%), from €50,875 to €6,135
- Trade debts -€38,027
down €38,027 (-56.7%), from €67,110 to €29,084
Income statement
- Gross operating margin +€25,698
up €25,698 (+7.4%), from €347,977 to €373,675
- Financial charges +€18,585
up €18,585 (+40.1%), from €46,314 to €64,900
- Depreciation +€5,941
up €5,941 (+4.0%), from €147,767 to €153,708
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
€65,003
Gross operating margin
+€25,698
Staff costs
-€567
Depreciation
-€5,941
Other operating charges
-€649
Financial income
+€3,615
Financial charges
-€18,585
Taxes
-€1,575
Result 2025
€66,999
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
-€32,150
Investment
-€16,622
Financing
+€44,069
Cash 2024
€7,923
From operations (derived)
-€32,150
Net result for the year
+€66,999
Depreciation
+€153,708
Receivables after one year
-€150,000
Stocks and contracts
+€2,449
Receivables within one year
-€14,152
Deferred charges and accrued income
-€3,189
Trade debts
-€38,027
Tax, wage and social debts
-€19,506
Other debts
-€44,740
Accrued charges and deferred income
+€14,308
Investment (derived)
-€16,622
Investment in fixed assets (net)
-€16,622
Financing
+€44,069
Debts after one year
-€5,390
Current portion of long-term debt
+€49,459
Cash 2025
€3,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,280,830 | €2,303,933 | +€23,103 | +1.0% |
| Fixed assets | 21/28 | €1,981,650 | €1,844,564 | -€137,086 | -6.9% |
| Tangible fixed assets | 22/27 | €1,981,150 | €1,844,064 | -€137,086 | -6.9% |
| Land and buildings | 22 | €1,921,944 | €1,785,098 | -€136,845 | -7.1% |
| Plant, machinery and equipment | 23 | €47,942 | €41,259 | -€6,683 | -13.9% |
| Furniture and vehicles | 24 | €4,686 | €1,873 | -€2,813 | -60.0% |
| Other tangible fixed assets | 26 | €6,579 | €15,834 | +€9,255 | +141% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €299,180 | €459,369 | +€160,189 | +53.5% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Stocks and contracts in progress | 3 | €59,697 | €57,248 | -€2,449 | -4.1% |
| Stocks | 30/36 | €26,351 | €25,497 | -€854 | -3.2% |
| Contracts in progress | 37 | €33,346 | €31,751 | -€1,594 | -4.8% |
| Amounts receivable within one year | 40/41 | €230,126 | €244,278 | +€14,152 | +6.1% |
| Trade receivables | 40 | €230,124 | €244,267 | +€14,143 | +6.1% |
| Other amounts receivable | 41 | €2 | €11 | +€9 | +509% |
| Cash at bank and in hand | 54/58 | €7,923 | €3,220 | -€4,703 | -59.4% |
| Deferred charges and accrued income | 490/1 | €1,433 | €4,622 | +€3,189 | +223% |
| Total equity and liabilities | 10/49 | €2,280,830 | €2,303,933 | +€23,103 | +1.0% |
| Equity | 10/15 | €582,328 | €649,327 | +€66,999 | +11.5% |
| Contributions | 10/11 | €353,600 | €353,600 | = | 0.0% |
| Reserves | 13 | €228,728 | €295,727 | +€66,999 | +29.3% |
| Distributable reserves | 133 | €228,728 | €295,727 | +€66,999 | +29.3% |
| Amounts payable | 17/49 | €1,698,502 | €1,654,605 | -€43,896 | -2.6% |
| Amounts payable after more than one year | 17 | €1,397,286 | €1,391,896 | -€5,390 | -0.4% |
| Financial debts | 170/4 | €1,072,286 | €1,191,896 | +€119,610 | +11.2% |
| Other amounts payable | 178/9 | €325,000 | €200,000 | -€125,000 | -38.5% |
| Amounts payable within one year | 42/48 | €301,216 | €248,402 | -€52,814 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €151,733 | €201,192 | +€49,459 | +32.6% |
| Trade debts | 44 | €67,110 | €29,084 | -€38,027 | -56.7% |
| Suppliers | 440/4 | €67,110 | €29,084 | -€38,027 | -56.7% |
| Taxes, remuneration and social security | 45 | €31,497 | €11,991 | -€19,506 | -61.9% |
| Taxes | 450/3 | €28,404 | €8,957 | -€19,446 | -68.5% |
| Remuneration and social security | 454/9 | €3,094 | €3,034 | -€60 | -1.9% |
| Other amounts payable | 47/48 | €50,875 | €6,135 | -€44,740 | -87.9% |
| Accrued charges and deferred income | 492/3 | - | €14,308 | +€14,308 | |
| Remuneration, social security and pensions | 62 | €46,413 | €46,980 | +€567 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,767 | €153,708 | +€5,941 | +4.0% |
| Other operating charges | 640/8 | €21,941 | €22,591 | +€649 | +3.0% |
| Gross operating margin | 9900 | €347,977 | €373,675 | +€25,698 | +7.4% |
| Operating profit (loss) | 9901 | €131,856 | €150,397 | +€18,541 | +14.1% |
| Financial income | 75/76B | €899 | €4,514 | +€3,615 | +402% |
| Recurring financial income | 75 | €899 | €4,514 | +€3,615 | +402% |
| Financial charges | 65/66B | €46,314 | €64,900 | +€18,585 | +40.1% |
| Recurring financial charges | 65 | €46,314 | €64,900 | +€18,585 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €86,440 | €90,011 | +€3,571 | +4.1% |
| Income taxes | 67/77 | €21,437 | €23,012 | +€1,575 | +7.3% |
| Profit (loss) for the period | 9904 | €65,003 | €66,999 | +€1,996 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,003 | €66,999 | +€1,996 | +3.1% |
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 23 October 2026 via checked.be.