CONSTRUCTIE V.B.W.: 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.
CONSTRUCTIE V.B.W.
Largest movements
- Cash +€222,094
up €222,094 (+41.3%), from €537,169 to €759,263
mainly Net result for the year (+€455,760) and Depreciation (+€316,490)
- Tangible fixed assets -€146,857
down €146,857 (-3.6%), from €4.0m to €3.9m
of which Land and buildings: -€142,100
- Receivables within one year +€93,457
up €93,457 (+28.4%), from €329,121 to €422,578
of which Trade receivables: +€122,718
- Reserves +€386,774
up €386,774 (+20.7%), from €1.9m to €2.3m
- Contributions -€280,500
down €280,500 (-88.2%), from €318,000 to €37,500
- Debts after one year -€276,277
down €276,277 (-12.0%), from €2.3m to €2.0m
- Advances received +€243,000
up €243,000 (+608%), from €40,000 to €283,000
- Write-downs -€58,311
down €58,311 (-9,662%), from -€603 to -€58,915
- Staff costs -€51,898
down €51,898 (-12.0%), from €434,045 to €382,147
- Depreciation +€32,464
up €32,464 (+11.4%), from €284,027 to €316,490
- Gross operating margin -€17,771
down €17,771 (-1.3%), from €1.4m to €1.4m
- Taxes +€16,121
up €16,121 (+8.5%), from €189,466 to €205,587
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 | €5,252,979 | €5,368,966 | +€115,986 | +2.2% |
| Fixed assets | 21/28 | €4,049,608 | €3,902,142 | -€147,466 | -3.6% |
| Intangible fixed assets | 21 | €646 | €37 | -€609 | -94.3% |
| Tangible fixed assets | 22/27 | €4,046,462 | €3,899,605 | -€146,857 | -3.6% |
| Land and buildings | 22 | €3,492,187 | €3,350,087 | -€142,100 | -4.1% |
| Plant, machinery and equipment | 23 | €73,056 | €44,551 | -€28,506 | -39.0% |
| Furniture and vehicles | 24 | €481,219 | €504,968 | +€23,748 | +4.9% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,203,372 | €1,466,824 | +€263,452 | +21.9% |
| Stocks and contracts in progress | 3 | €320,509 | €268,365 | -€52,144 | -16.3% |
| Stocks | 30/36 | €206,139 | €207,765 | +€1,626 | +0.8% |
| Contracts in progress | 37 | €114,370 | €60,600 | -€53,770 | -47.0% |
| Amounts receivable within one year | 40/41 | €329,121 | €422,578 | +€93,457 | +28.4% |
| Trade receivables | 40 | €164,742 | €287,461 | +€122,718 | +74.5% |
| Other amounts receivable | 41 | €164,379 | €135,117 | -€29,262 | -17.8% |
| Cash at bank and in hand | 54/58 | €537,169 | €759,263 | +€222,094 | +41.3% |
| Deferred charges and accrued income | 490/1 | €16,572 | €16,618 | +€46 | +0.3% |
| Total equity and liabilities | 10/49 | €5,252,979 | €5,368,966 | +€115,986 | +2.2% |
| Equity | 10/15 | €2,187,455 | €2,293,730 | +€106,274 | +4.9% |
| Contributions | 10/11 | €318,000 | €37,500 | -€280,500 | -88.2% |
| Reserves | 13 | €1,869,455 | €2,256,230 | +€386,774 | +20.7% |
| Distributable reserves | 133 | €1,869,455 | €2,256,230 | +€386,774 | +20.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,065,524 | €3,075,236 | +€9,712 | +0.3% |
| Amounts payable after more than one year | 17 | €2,296,283 | €2,020,005 | -€276,277 | -12.0% |
| Financial debts | 170/4 | €2,296,283 | €2,020,005 | -€276,277 | -12.0% |
| Amounts payable within one year | 42/48 | €763,836 | €1,049,656 | +€285,821 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €391,686 | €413,329 | +€21,643 | +5.5% |
| Trade debts | 44 | €173,789 | €198,989 | +€25,200 | +14.5% |
| Suppliers | 440/4 | €173,789 | €198,989 | +€25,200 | +14.5% |
| Advances received on contracts in progress | 46 | €40,000 | €283,000 | +€243,000 | +608% |
| Taxes, remuneration and social security | 45 | €97,312 | €91,296 | -€6,016 | -6.2% |
| Taxes | 450/3 | €47,883 | €50,741 | +€2,858 | +6.0% |
| Remuneration and social security | 454/9 | €49,429 | €40,555 | -€8,874 | -18.0% |
| Other amounts payable | 47/48 | €61,048 | €63,042 | +€1,994 | +3.3% |
| Accrued charges and deferred income | 492/3 | €5,406 | €5,574 | +€169 | +3.1% |
| Remuneration, social security and pensions | 62 | €434,045 | €382,147 | -€51,898 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,027 | €316,490 | +€32,464 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€603 | -€58,915 | -€58,311 | -9,662% |
| Other operating charges | 640/8 | €41,201 | €40,621 | -€580 | -1.4% |
| Gross operating margin | 9900 | €1,401,502 | €1,383,731 | -€17,771 | -1.3% |
| Operating profit (loss) | 9901 | €642,833 | €703,387 | +€60,554 | +9.4% |
| Financial income | 75/76B | €27,118 | €15,081 | -€12,038 | -44.4% |
| Recurring financial income | 75 | €27,118 | €15,081 | -€12,038 | -44.4% |
| Financial charges | 65/66B | €60,957 | €57,121 | -€3,836 | -6.3% |
| Recurring financial charges | 65 | €60,957 | €57,121 | -€3,836 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €608,994 | €661,346 | +€52,353 | +8.6% |
| Income taxes | 67/77 | €189,466 | €205,587 | +€16,121 | +8.5% |
| Profit (loss) for the period | 9904 | €419,528 | €455,760 | +€36,232 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €419,528 | €455,760 | +€36,232 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.