PROJECT VUURBERG: 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.
PROJECT VUURBERG
Largest movements
- Tangible fixed assets +€22.5m
up €22.5m (+110%), from €20.4m to €42.9m
of which Assets under construction and advance payments: +€22.5m
- Receivables within one year +€723,914
up €723,914 (+889%), from €81,399 to €805,313
of which Trade receivables: +€600,000
- Trade debts +€21.3m
up €21.3m (+633%), from €3.4m to €24.7m
- Other debts +€2.0m
up €2.0m (+48.5%), from €4.0m to €6.0m
- Gross operating margin +€14,554
up €14,554 (+18.1%), from -€80,548 to -€65,993
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,491,751 | €43,684,497 | +€23.2m | +113% |
| Fixed assets | 21/28 | €20,393,287 | €42,870,556 | +€22.5m | +110% |
| Tangible fixed assets | 22/27 | €20,393,287 | €42,870,556 | +€22.5m | +110% |
| Land and buildings | 22 | €16,035,000 | €16,035,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €4,358,287 | €26,835,556 | +€22.5m | +516% |
| Current assets | 29/58 | €98,464 | €813,941 | +€715,477 | +727% |
| Amounts receivable within one year | 40/41 | €81,399 | €805,313 | +€723,914 | +889% |
| Trade receivables | 40 | - | €600,000 | +€600,000 | |
| Other amounts receivable | 41 | €81,399 | €205,313 | +€123,914 | +152% |
| Current investments | 50/53 | €38 | €38 | -€0 | -0.4% |
| Cash at bank and in hand | 54/58 | €17,026 | €8,590 | -€8,437 | -49.5% |
| Total equity and liabilities | 10/49 | €20,491,751 | €43,684,497 | +€23.2m | +113% |
| Equity | 10/15 | €13,083,465 | €13,015,675 | -€67,790 | -0.5% |
| Contributions | 10/11 | €10,062,000 | €10,062,000 | = | 0.0% |
| Capital | 10 | €10,062,000 | €10,062,000 | = | 0.0% |
| Issued capital | 100 | €10,062,000 | €10,062,000 | = | 0.0% |
| Revaluation surpluses | 12 | €14,049,114 | €14,049,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,027,649 | -€11,095,440 | -€67,790 | -0.6% |
| Amounts payable | 17/49 | €7,408,286 | €30,668,822 | +€23.3m | +314% |
| Amounts payable within one year | 42/48 | €7,408,286 | €30,668,822 | +€23.3m | +314% |
| Trade debts | 44 | €3,362,332 | €24,662,142 | +€21.3m | +633% |
| Suppliers | 440/4 | €3,362,332 | €24,662,142 | +€21.3m | +633% |
| Other amounts payable | 47/48 | €4,045,955 | €6,006,680 | +€2.0m | +48.5% |
| Other operating charges | 640/8 | €1,066 | €1,077 | +€11 | +1.0% |
| Gross operating margin | 9900 | -€80,548 | -€65,993 | +€14,554 | +18.1% |
| Operating profit (loss) | 9901 | -€81,614 | -€67,070 | +€14,544 | +17.8% |
| Financial charges | 65/66B | €665 | €720 | +€55 | +8.2% |
| Recurring financial charges | 65 | €665 | €720 | +€55 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€82,279 | -€67,790 | +€14,489 | +17.6% |
| Profit (loss) for the period | 9904 | -€82,279 | -€67,790 | +€14,489 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,279 | -€67,790 | +€14,489 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.