VM 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.
VM AGRO
Largest movements
- Stocks and contracts -€316,417
down €316,417 (-17.5%), from €1.8m to €1.5m
- Receivables within one year +€198,683
up €198,683 (+28.1%), from €707,172 to €905,855
of which Other amounts receivable: +€245,025
- Tangible fixed assets +€40,575
up €40,575 (+28.2%), from €144,112 to €184,687
of which Furniture and vehicles: +€33,454
- Other debts -€606,930
down €606,930 (-91.6%), from €662,722 to €55,792
- Trade debts +€468,257
up €468,257 (+70.5%), from €664,442 to €1.1m
- Debts after one year -€150,000
down €150,000 (-90.0%), from €166,667 to €16,667
- Current portion of long-term debt +€100,000
up €100,000 (+200%), from €50,000 to €150,000
- Reserves +€88,851
up €88,851 (+38.2%), from €232,513 to €321,364
- Gross operating margin -€192,502
down €192,502 (-50.2%), from €383,519 to €191,017
- Financial charges -€47,841
down €47,841 (-53.2%), from €90,007 to €42,166
- Depreciation +€16,903
up €16,903 (+495%), from €3,416 to €20,319
- Taxes -€15,983
down €15,983 (-34.4%), from €46,468 to €30,485
- Staff costs -€10,389
down €10,389 (-40.9%), from €25,430 to €15,041
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 | €2,689,134 | €2,618,398 | -€70,736 | -2.6% |
| Fixed assets | 21/28 | €144,112 | €184,687 | +€40,575 | +28.2% |
| Tangible fixed assets | 22/27 | €144,112 | €184,687 | +€40,575 | +28.2% |
| Plant, machinery and equipment | 23 | €144,112 | €151,233 | +€7,121 | +4.9% |
| Furniture and vehicles | 24 | - | €33,454 | +€33,454 | |
| Current assets | 29/58 | €2,545,022 | €2,433,712 | -€111,311 | -4.4% |
| Stocks and contracts in progress | 3 | €1,805,273 | €1,488,856 | -€316,417 | -17.5% |
| Stocks | 30/36 | €1,805,273 | €1,488,856 | -€316,417 | -17.5% |
| Amounts receivable within one year | 40/41 | €707,172 | €905,855 | +€198,683 | +28.1% |
| Trade receivables | 40 | €373,442 | €327,099 | -€46,342 | -12.4% |
| Other amounts receivable | 41 | €333,730 | €578,755 | +€245,025 | +73.4% |
| Cash at bank and in hand | 54/58 | €28,411 | €33,605 | +€5,194 | +18.3% |
| Deferred charges and accrued income | 490/1 | €4,167 | €5,396 | +€1,229 | +29.5% |
| Total equity and liabilities | 10/49 | €2,689,134 | €2,618,398 | -€70,736 | -2.6% |
| Equity | 10/15 | €251,113 | €339,964 | +€88,851 | +35.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,513 | €321,364 | +€88,851 | +38.2% |
| Distributable reserves | 133 | €232,513 | €321,364 | +€88,851 | +38.2% |
| Amounts payable | 17/49 | €2,438,021 | €2,278,434 | -€159,587 | -6.5% |
| Amounts payable after more than one year | 17 | €166,667 | €16,667 | -€150,000 | -90.0% |
| Financial debts | 170/4 | €166,667 | €16,667 | -€150,000 | -90.0% |
| Amounts payable within one year | 42/48 | €2,271,355 | €2,259,543 | -€11,812 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €150,000 | +€100,000 | +200% |
| Financial debts | 43 | €890,000 | €890,000 | = | 0.0% |
| Credit institutions | 430/8 | €890,000 | €890,000 | = | 0.0% |
| Trade debts | 44 | €664,442 | €1,132,700 | +€468,257 | +70.5% |
| Suppliers | 440/4 | €664,442 | €1,132,700 | +€468,257 | +70.5% |
| Taxes, remuneration and social security | 45 | €4,191 | €31,051 | +€26,861 | +641% |
| Taxes | 450/3 | €467 | €29,928 | +€29,460 | +6,304% |
| Remuneration and social security | 454/9 | €3,723 | €1,123 | -€2,600 | -69.8% |
| Other amounts payable | 47/48 | €662,722 | €55,792 | -€606,930 | -91.6% |
| Accrued charges and deferred income | 492/3 | - | €2,225 | +€2,225 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €25,430 | €15,041 | -€10,389 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,416 | €20,319 | +€16,903 | +495% |
| Other operating charges | 640/8 | €1,291 | €2,455 | +€1,165 | +90.3% |
| Gross operating margin | 9900 | €383,519 | €191,017 | -€192,502 | -50.2% |
| Operating profit (loss) | 9901 | €353,382 | €153,201 | -€200,181 | -56.6% |
| Financial income | 75/76B | €4,741 | €8,301 | +€3,559 | +75.1% |
| Recurring financial income | 75 | €4,741 | €8,301 | +€3,559 | +75.1% |
| Financial charges | 65/66B | €90,007 | €42,166 | -€47,841 | -53.2% |
| Recurring financial charges | 65 | €90,007 | €42,166 | -€47,841 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €268,117 | €119,336 | -€148,781 | -55.5% |
| Income taxes | 67/77 | €46,468 | €30,485 | -€15,983 | -34.4% |
| Profit (loss) for the period | 9904 | €221,648 | €88,851 | -€132,798 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €221,648 | €88,851 | -€132,798 | -59.9% |
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 28 October 2026 via checked.be.