DE VARGAS CONSTRUCT: 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.
DE VARGAS CONSTRUCT
Largest movements
- Cash +€7,500
new in 2025: €7,500
mainly Net result for the year (+€12,012) and Receivables within one year (+€3,488)
- Receivables within one year -€3,488
down €3,488 (-10.2%), from €34,330 to €30,841
- Profit (loss) carried forward +€12,012
up €12,012 (+73.4%), from €16,375 to €28,386
- Other debts -€8,000
down €8,000 (-50.0%), from €16,000 to €8,000
- Gross operating margin -€18,610
down €18,610 (-63.1%), from €29,491 to €10,881
- Depreciation -€2,500
no longer reported in 2025 (was €2,500)
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 | €34,330 | €38,341 | +€4,012 | +11.7% |
| Current assets | 29/58 | €34,330 | €38,341 | +€4,012 | +11.7% |
| Amounts receivable within one year | 40/41 | €34,330 | €30,841 | -€3,488 | -10.2% |
| Other amounts receivable | 41 | €34,330 | €30,841 | -€3,488 | -10.2% |
| Cash at bank and in hand | 54/58 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €34,330 | €38,341 | +€4,012 | +11.7% |
| Equity | 10/15 | €18,330 | €30,341 | +€12,012 | +65.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,375 | €28,386 | +€12,012 | +73.4% |
| Amounts payable | 17/49 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Amounts payable within one year | 42/48 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Other amounts payable | 47/48 | €16,000 | €8,000 | -€8,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €271 | €191 | -€80 | -29.4% |
| Gross operating margin | 9900 | €29,491 | €10,881 | -€18,610 | -63.1% |
| Operating profit (loss) | 9901 | €26,720 | €10,690 | -€16,030 | -60.0% |
| Financial income | 75/76B | €1,601 | €1,322 | -€279 | -17.4% |
| Recurring financial income | 75 | €1,601 | €1,322 | -€279 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €28,321 | €12,012 | -€16,310 | -57.6% |
| Profit (loss) for the period | 9904 | €28,321 | €12,012 | -€16,310 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,321 | €12,012 | -€16,310 | -57.6% |
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 27 October 2026 via checked.be.