Construct Vierstraete: 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.
Construct Vierstraete
Largest movements
- Receivables within one year +€230,592
up €230,592 (+170%), from €136,037 to €366,629
of which Trade receivables: +€234,665
- Tangible fixed assets -€67,961
down €67,961 (-100%), from €67,961 to €0
of which Furniture and vehicles: -€67,961
- Profit (loss) carried forward +€299,100
up €299,100 (+30.5%), from -€980,948 to -€681,847
- Trade debts -€81,829
down €81,829 (-84.4%), from €96,926 to €15,097
- Short-term financial debts -€46,000
down €46,000 (-100%), from €46,000 to €0
- Current portion of long-term debt -€22,775
down €22,775 (-100%), from €22,775 to €0
- Tax, wage and social debts +€10,859
up €10,859, from €0 to €10,859
of which Taxes: +€10,859
- Gross operating margin +€665,189
up €665,189, from -€305,890 to €359,299
- Depreciation -€27,998
down €27,998 (-100%), from €27,998 to €0
- Financial charges -€7,503
down €7,503 (-69.3%), from €10,826 to €3,323
- Staff costs -€6,926
down €6,926 (-100%), from €6,926 to €0
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 | €206,309 | €367,822 | +€161,513 | +78.3% |
| Fixed assets | 21/28 | €67,961 | €0 | -€67,961 | -100% |
| Tangible fixed assets | 22/27 | €67,961 | €0 | -€67,961 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €67,961 | €0 | -€67,961 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €138,348 | €367,822 | +€229,474 | +166% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €136,037 | €366,629 | +€230,592 | +170% |
| Trade receivables | 40 | €120,051 | €354,716 | +€234,665 | +195% |
| Other amounts receivable | 41 | €15,986 | €11,914 | -€4,073 | -25.5% |
| Cash at bank and in hand | 54/58 | €1,482 | €492 | -€990 | -66.8% |
| Deferred charges and accrued income | 490/1 | €829 | €701 | -€128 | -15.4% |
| Total equity and liabilities | 10/49 | €206,309 | €367,822 | +€161,513 | +78.3% |
| Equity | 10/15 | -€935,948 | -€636,847 | +€299,100 | +32.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€980,948 | -€681,847 | +€299,100 | +30.5% |
| Amounts payable | 17/49 | €1,142,257 | €1,004,669 | -€137,588 | -12.0% |
| Amounts payable after more than one year | 17 | €976,556 | €978,714 | +€2,158 | +0.2% |
| Financial debts | 170/4 | €5,165 | €0 | -€5,165 | -100% |
| Other amounts payable | 178/9 | €971,391 | €978,714 | +€7,323 | +0.8% |
| Amounts payable within one year | 42/48 | €165,701 | €25,955 | -€139,746 | -84.3% |
| Current portion of amounts payable after more than one year | 42 | €22,775 | €0 | -€22,775 | -100% |
| Financial debts | 43 | €46,000 | €0 | -€46,000 | -100% |
| Credit institutions | 430/8 | €46,000 | €0 | -€46,000 | -100% |
| Trade debts | 44 | €96,926 | €15,097 | -€81,829 | -84.4% |
| Suppliers | 440/4 | €96,926 | €15,097 | -€81,829 | -84.4% |
| Taxes, remuneration and social security | 45 | €0 | €10,859 | +€10,859 | |
| Taxes | 450/3 | €0 | €10,859 | +€10,859 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €84,224 | +€84,224 | |
| Remuneration, social security and pensions | 62 | €6,926 | €0 | -€6,926 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,998 | €0 | -€27,998 | -100% |
| Other operating charges | 640/8 | €416 | €842 | +€426 | +102% |
| Non-recurring operating charges | 66A | €1,267 | €56,734 | +€55,467 | +4,378% |
| Gross operating margin | 9900 | -€305,890 | €359,299 | +€665,189 | |
| Operating profit (loss) | 9901 | -€342,497 | €301,722 | +€644,220 | |
| Financial income | 75/76B | €2 | €701 | +€699 | +29,981% |
| Recurring financial income | 75 | €2 | €701 | +€699 | +29,981% |
| Financial charges | 65/66B | €10,826 | €3,323 | -€7,503 | -69.3% |
| Recurring financial charges | 65 | €10,826 | €3,323 | -€7,503 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€353,321 | €299,100 | +€652,421 | |
| Profit (loss) for the period | 9904 | -€353,321 | €299,100 | +€652,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€353,321 | €299,100 | +€652,421 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.