PRO VLV CONSTRUCT: what changed
Two fiscal 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.
PRO VLV CONSTRUCT
Largest movements
- Cash -€42,702
down €42,702 (-100.0%), from €42,702 to €0
mainly Trade debts (-€18,376) and Receivables within one year (-€15,170)
- Receivables within one year +€15,170
up €15,170 (+137.3%), from €11,051 to €26,221
of which Trade receivables: +€12,778
- Tangible fixed assets -€5,863
down €5,863 (-29.3%), from €20,000 to €14,137
of which Furniture and vehicles: -€6,667
- Trade debts -€18,376
down €18,376 (-90.6%), from €20,276 to €1,901
- Other debts -€10,701
no longer reported in 2025 (was €10,701)
- Debts after one year -€6,634
down €6,634 (-23.1%), from €28,696 to €22,062
- Current portion of long-term debt +€1,976
up €1,976 (+31.3%), from €6,304 to €8,279
- Profit (loss) carried forward +€802
up €802 (+29.0%), from €2,769 to €3,571
- Gross operating margin +€9,797
up €9,797 (+152.8%), from €6,412 to €16,210
- Depreciation +€6,773
new in 2025: €6,773
- Financial charges +€3,117
up €3,117 (+1503.2%), from €207 to €3,324
- Taxes +€1,061
up €1,061 (+114.3%), from €928 to €1,989
- Other operating charges +€1,045
up €1,045 (+41.7%), from €2,508 to €3,553
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.
Cash bridge derived
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 | €74,114 | €40,863 | -€33,251 | -44.9% |
| Fixed assets | 21/28 | €20,000 | €14,137 | -€5,863 | -29.3% |
| Tangible fixed assets | 22/27 | €20,000 | €14,137 | -€5,863 | -29.3% |
| Plant, machinery and equipment | 23 | - | €803 | +€803 | |
| Furniture and vehicles | 24 | €20,000 | €13,333 | -€6,667 | -33.3% |
| Current assets | 29/58 | €54,114 | €26,727 | -€27,388 | -50.6% |
| Amounts receivable within one year | 40/41 | €11,051 | €26,221 | +€15,170 | +137.3% |
| Trade receivables | 40 | €10,728 | €23,505 | +€12,778 | +119.1% |
| Other amounts receivable | 41 | €324 | €2,716 | +€2,393 | +739.3% |
| Cash at bank and in hand | 54/58 | €42,702 | €0 | -€42,702 | -100.0% |
| Deferred charges and accrued income | 490/1 | €361 | €505 | +€144 | +40.0% |
| Total equity and liabilities | 10/49 | €74,114 | €40,863 | -€33,251 | -44.9% |
| Equity | 10/15 | €4,769 | €5,571 | +€802 | +16.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Share premium | 1100/10 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €2,769 | €3,571 | +€802 | +29.0% |
| Amounts payable | 17/49 | €69,345 | €35,292 | -€34,053 | -49.1% |
| Amounts payable after more than one year | 17 | €28,696 | €22,062 | -€6,634 | -23.1% |
| Financial debts | 170/4 | €28,696 | €22,062 | -€6,634 | -23.1% |
| Amounts payable within one year | 42/48 | €40,649 | €13,225 | -€27,423 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €6,304 | €8,279 | +€1,976 | +31.3% |
| Financial debts | 43 | - | €128 | +€128 | |
| Credit institutions | 430/8 | - | €128 | +€128 | |
| Trade debts | 44 | €20,276 | €1,901 | -€18,376 | -90.6% |
| Suppliers | 440/4 | €20,276 | €1,901 | -€18,376 | -90.6% |
| Taxes, remuneration and social security | 45 | €3,367 | €2,917 | -€450 | -13.4% |
| Taxes | 450/3 | €1,867 | €2,917 | +€1,050 | +56.2% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €10,701 | - | -€10,701 | |
| Accrued charges and deferred income | 492/3 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,773 | +€6,773 | |
| Other operating charges | 640/8 | €2,508 | €3,553 | +€1,045 | +41.7% |
| Gross operating margin | 9900 | €6,412 | €16,210 | +€9,797 | +152.8% |
| Operating profit (loss) | 9901 | €3,904 | €5,884 | +€1,980 | +50.7% |
| Financial income | 75/76B | €0 | €231 | +€231 | +136041.2% |
| Recurring financial income | 75 | €0 | €231 | +€231 | +136041.2% |
| Financial charges | 65/66B | €207 | €3,324 | +€3,117 | +1503.2% |
| Recurring financial charges | 65 | €207 | €3,324 | +€3,117 | +1503.2% |
| Profit (loss) for the period before taxes | 9903 | €3,697 | €2,792 | -€906 | -24.5% |
| Income taxes | 67/77 | €928 | €1,989 | +€1,061 | +114.3% |
| Profit (loss) for the period | 9904 | €2,769 | €802 | -€1,966 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,769 | €802 | -€1,966 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.