VV-AGRO: what changed
Two fiscal 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.
VV-AGRO
Largest movements
- Cash +€41,710
up €41,710 (+236.0%), from €17,675 to €59,385
mainly Net result for the year (+€57,559) and Depreciation (+€55,594)
- Tangible fixed assets -€37,310
down €37,310 (-5.1%), from €726,553 to €689,243
of which Land and buildings: -€23,400
- Receivables within one year -€9,013
down €9,013 (-11.1%), from €81,328 to €72,314
of which Trade receivables: -€9,013
- Debts after one year -€60,592
down €60,592 (-11.0%), from €552,513 to €491,921
- Profit (loss) carried forward +€57,559
up €57,559 (+47.0%), from €122,473 to €180,031
- Tax, wage and social debts +€20,704
up €20,704 (+71.5%), from €28,959 to €49,663
- Accrued charges and deferred income -€16,411
down €16,411 (-96.4%), from €17,022 to €611
- Gross operating margin -€14,601
down €14,601 (-8.0%), from €183,213 to €168,612
- Depreciation -€14,566
down €14,566 (-20.8%), from €70,159 to €55,594
- Taxes +€3,751
up €3,751 (+23.5%), from €15,956 to €19,707
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.
Cash bridge derived
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 | €827,122 | €825,845 | -€1,277 | -0.2% |
| Fixed assets | 21/28 | €726,553 | €689,243 | -€37,310 | -5.1% |
| Tangible fixed assets | 22/27 | €726,553 | €689,243 | -€37,310 | -5.1% |
| Land and buildings | 22 | €556,920 | €533,520 | -€23,400 | -4.2% |
| Plant, machinery and equipment | 23 | €40,905 | €48,660 | +€7,755 | +19.0% |
| Furniture and vehicles | 24 | €38,753 | €33,753 | -€5,000 | -12.9% |
| Leasing and similar rights | 25 | €89,974 | €73,309 | -€16,665 | -18.5% |
| Current assets | 29/58 | €100,569 | €136,602 | +€36,033 | +35.8% |
| Amounts receivable within one year | 40/41 | €81,328 | €72,314 | -€9,013 | -11.1% |
| Trade receivables | 40 | €79,969 | €70,956 | -€9,013 | -11.3% |
| Other amounts receivable | 41 | €1,359 | €1,359 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,675 | €59,385 | +€41,710 | +236.0% |
| Deferred charges and accrued income | 490/1 | €1,567 | €4,903 | +€3,336 | +213.0% |
| Total equity and liabilities | 10/49 | €827,122 | €825,845 | -€1,277 | -0.2% |
| Equity | 10/15 | €137,473 | €195,031 | +€57,559 | +41.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,473 | €180,031 | +€57,559 | +47.0% |
| Amounts payable | 17/49 | €689,649 | €630,813 | -€58,836 | -8.5% |
| Amounts payable after more than one year | 17 | €552,513 | €491,921 | -€60,592 | -11.0% |
| Financial debts | 170/4 | €552,513 | €491,921 | -€60,592 | -11.0% |
| Amounts payable within one year | 42/48 | €120,114 | €138,282 | +€18,168 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €65,028 | €60,592 | -€4,436 | -6.8% |
| Trade debts | 44 | €1,896 | €1,530 | -€366 | -19.3% |
| Suppliers | 440/4 | €1,896 | €1,530 | -€366 | -19.3% |
| Taxes, remuneration and social security | 45 | €28,959 | €49,663 | +€20,704 | +71.5% |
| Taxes | 450/3 | €28,959 | €49,663 | +€20,704 | +71.5% |
| Other amounts payable | 47/48 | €24,231 | €26,497 | +€2,266 | +9.4% |
| Accrued charges and deferred income | 492/3 | €17,022 | €611 | -€16,411 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,159 | €55,594 | -€14,566 | -20.8% |
| Other operating charges | 640/8 | €3,605 | €4,240 | +€635 | +17.6% |
| Gross operating margin | 9900 | €183,213 | €168,612 | -€14,601 | -8.0% |
| Operating profit (loss) | 9901 | €109,448 | €108,778 | -€670 | -0.6% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €30,307 | €31,579 | +€1,273 | +4.2% |
| Recurring financial charges | 65 | €30,307 | €31,579 | +€1,273 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €79,141 | €77,266 | -€1,876 | -2.4% |
| Income taxes | 67/77 | €15,956 | €19,707 | +€3,751 | +23.5% |
| Profit (loss) for the period | 9904 | €63,185 | €57,559 | -€5,627 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,185 | €57,559 | -€5,627 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.