BOUWONDERNEMING VANGAEVER: 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.
BOUWONDERNEMING VANGAEVER
Largest movements
- Cash +€231,711
up €231,711 (+11,473%), from €2,020 to €233,731
mainly Net result for the year (+€136,195) and Investment in fixed assets (net) (+€118,954)
- Tangible fixed assets -€136,059
down €136,059 (-73.1%), from €186,180 to €50,121
of which Land and buildings: -€132,236
- Receivables within one year -€9,835
down €9,835 (-16.6%), from €59,157 to €49,323
of which Trade receivables: -€9,811
- Reserves +€136,195
up €136,195 (+217%), from €62,726 to €198,921
of which Distributable reserves: +€136,195
- Other debts -€32,847
down €32,847 (-85.3%), from €38,485 to €5,638
- Tax, wage and social debts +€22,335
up €22,335 (+173%), from €12,920 to €35,255
of which Taxes: +€25,069
- Short-term financial debts -€16,075
down €16,075 (-100%), from €16,075 to €0
- Debts after one year -€10,173
down €10,173 (-30.1%), from €33,799 to €23,626
- Gross operating margin +€173,989
up €173,989 (+186%), from €93,389 to €267,379
- Taxes +€29,617
up €29,617 (+598%), from €4,952 to €34,570
- Other operating charges +€11,839
up €11,839 (+223%), from €5,304 to €17,143
- Staff costs +€9,988
up €9,988 (+19.8%), from €50,495 to €60,483
- Depreciation -€2,757
down €2,757 (-13.9%), from €19,863 to €17,105
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 | €255,621 | €344,502 | +€88,882 | +34.8% |
| Fixed assets | 21/28 | €189,130 | €53,071 | -€136,059 | -71.9% |
| Tangible fixed assets | 22/27 | €186,180 | €50,121 | -€136,059 | -73.1% |
| Land and buildings | 22 | €138,569 | €6,333 | -€132,236 | -95.4% |
| Plant, machinery and equipment | 23 | €4,353 | €3,076 | -€1,277 | -29.3% |
| Furniture and vehicles | 24 | €43,258 | €40,712 | -€2,546 | -5.9% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €66,491 | €291,432 | +€224,941 | +338% |
| Stocks and contracts in progress | 3 | - | €620 | +€620 | |
| Stocks | 30/36 | - | €620 | +€620 | |
| Amounts receivable within one year | 40/41 | €59,157 | €49,323 | -€9,835 | -16.6% |
| Trade receivables | 40 | €48,871 | €39,060 | -€9,811 | -20.1% |
| Other amounts receivable | 41 | €10,286 | €10,262 | -€24 | -0.2% |
| Cash at bank and in hand | 54/58 | €2,020 | €233,731 | +€231,711 | +11,473% |
| Deferred charges and accrued income | 490/1 | €5,314 | €7,758 | +€2,445 | +46.0% |
| Total equity and liabilities | 10/49 | €255,621 | €344,502 | +€88,882 | +34.8% |
| Equity | 10/15 | €95,900 | €232,096 | +€136,195 | +142% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,726 | €198,921 | +€136,195 | +217% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €19,866 | €19,866 | = | 0.0% |
| Distributable reserves | 133 | €42,860 | €179,055 | +€136,195 | +318% |
| Profit (loss) carried forward | 14 | €26,974 | €26,974 | = | 0.0% |
| Amounts payable | 17/49 | €159,720 | €112,407 | -€47,314 | -29.6% |
| Amounts payable after more than one year | 17 | €33,799 | €23,626 | -€10,173 | -30.1% |
| Financial debts | 170/4 | €33,799 | €23,626 | -€10,173 | -30.1% |
| Amounts payable within one year | 42/48 | €125,880 | €88,350 | -€37,530 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €18,103 | €10,173 | -€7,930 | -43.8% |
| Financial debts | 43 | €16,075 | €0 | -€16,075 | -100% |
| Credit institutions | 430/8 | €16,075 | €0 | -€16,075 | -100% |
| Trade debts | 44 | €40,297 | €37,283 | -€3,014 | -7.5% |
| Suppliers | 440/4 | €40,297 | €37,283 | -€3,014 | -7.5% |
| Taxes, remuneration and social security | 45 | €12,920 | €35,255 | +€22,335 | +173% |
| Taxes | 450/3 | €8,753 | €33,823 | +€25,069 | +286% |
| Remuneration and social security | 454/9 | €4,166 | €1,432 | -€2,734 | -65.6% |
| Other amounts payable | 47/48 | €38,485 | €5,638 | -€32,847 | -85.3% |
| Accrued charges and deferred income | 492/3 | €41 | €431 | +€390 | +947% |
| Non-recurring operating income | 76A | €22,735 | €170,261 | +€147,526 | +649% |
| Remuneration, social security and pensions | 62 | €50,495 | €60,483 | +€9,988 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,863 | €17,105 | -€2,757 | -13.9% |
| Other operating charges | 640/8 | €5,304 | €17,143 | +€11,839 | +223% |
| Gross operating margin | 9900 | €93,389 | €267,379 | +€173,989 | +186% |
| Operating profit (loss) | 9901 | €17,728 | €172,648 | +€154,920 | +874% |
| Financial income | 75/76B | €98 | €760 | +€662 | +673% |
| Recurring financial income | 75 | €98 | €760 | +€662 | +673% |
| Financial charges | 65/66B | €3,734 | €2,643 | -€1,091 | -29.2% |
| Recurring financial charges | 65 | €3,734 | €2,643 | -€1,091 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €14,093 | €170,765 | +€156,673 | +1,112% |
| Income taxes | 67/77 | €4,952 | €34,570 | +€29,617 | +598% |
| Profit (loss) for the period | 9904 | €9,140 | €136,195 | +€127,055 | +1,390% |
| Profit (loss) for the period to be appropriated | 9905 | €9,140 | €136,195 | +€127,055 | +1,390% |
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.