V-B Construction générale: 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.
What changed
V-B Construction générale
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,833
2024 · €1,473-€34,306
Equity
€45,709
2024 · €78,542-€32,833
Cash
€1,270
2024 · -+€1,270
Balance sheet total
€154,790
2024 · €122,127+€32,663
Largest movements
Assets
- Tangible fixed assets +€16,532
up €16,532 (+122%), from €13,525 to €30,057
of which Furniture and vehicles: +€14,603
- Stocks and contracts +€13,628
up €13,628 (+555%), from €2,454 to €16,082
Equity and liabilities
- Trade debts +€35,622
new in 2025: €35,622
- Profit (loss) carried forward -€32,833
down €32,833, from €19,162 to -€13,671
- Short-term financial debts +€18,468
up €18,468 (+58.6%), from €31,532 to €50,000
- Current portion of long-term debt +€10,363
new in 2025: €10,363
- Other debts -€8,111
no longer reported in 2025 (was €8,111)
Income statement
- Staff costs +€29,955
up €29,955 (+374%), from €8,018 to €37,974
- Depreciation +€3,409
up €3,409 (+28.2%), from €12,067 to €15,476
- Taxes -€2,807
down €2,807 (-84.9%), from €3,306 to €499
- Financial charges +€2,797
up €2,797 (+188%), from €1,486 to €4,283
- Financial income +€1,197
up €1,197 (+155%), from €774 to €1,972
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.
Result 2024
€1,473
Gross operating margin
-€1,136
Staff costs
-€29,955
Depreciation
-€3,409
Other operating charges
-€1,015
Financial income
+€1,197
Financial charges
-€2,797
Taxes
+€2,807
Result 2025
-€32,833
raises the resultlowers the result
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.
From operations
-€1,598
Investment
-€32,008
Financing
+€34,876
Cash 2024
€0
From operations (derived)
-€1,598
Net result for the year
-€32,833
Depreciation
+€15,476
Stocks and contracts
-€13,628
Receivables within one year
-€559
Deferred charges and accrued income
-€674
Trade debts
+€35,622
Tax, wage and social debts
+€3,560
Other debts
-€8,111
Accrued charges and deferred income
-€452
Investment (derived)
-€32,008
Investment in fixed assets (net)
-€32,008
Financing
+€34,876
Debts after one year
+€6,045
Current portion of long-term debt
+€10,363
Short-term financial debts
+€18,468
Cash 2025
€1,270
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,127 | €154,790 | +€32,663 | +26.7% |
| Fixed assets | 21/28 | €15,125 | €31,657 | +€16,532 | +109% |
| Tangible fixed assets | 22/27 | €13,525 | €30,057 | +€16,532 | +122% |
| Plant, machinery and equipment | 23 | €10,271 | €12,201 | +€1,929 | +18.8% |
| Furniture and vehicles | 24 | €3,254 | €17,857 | +€14,603 | +449% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €107,002 | €123,132 | +€16,130 | +15.1% |
| Stocks and contracts in progress | 3 | €2,454 | €16,082 | +€13,628 | +555% |
| Stocks | 30/36 | €2,454 | €16,082 | +€13,628 | +555% |
| Amounts receivable within one year | 40/41 | €100,051 | €100,609 | +€559 | +0.6% |
| Trade receivables | 40 | €54,424 | €54,248 | -€176 | -0.3% |
| Other amounts receivable | 41 | €45,626 | €46,361 | +€735 | +1.6% |
| Cash at bank and in hand | 54/58 | - | €1,270 | +€1,270 | |
| Deferred charges and accrued income | 490/1 | €4,497 | €5,171 | +€674 | +15.0% |
| Total equity and liabilities | 10/49 | €122,127 | €154,790 | +€32,663 | +26.7% |
| Equity | 10/15 | €78,542 | €45,709 | -€32,833 | -41.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €53,080 | €53,080 | = | 0.0% |
| Non-distributable reserves | 130/1 | €630 | €630 | = | 0.0% |
| Reserves not available under the articles | 1311 | €630 | €630 | = | 0.0% |
| Distributable reserves | 133 | €52,450 | €52,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,162 | -€13,671 | -€32,833 | |
| Amounts payable | 17/49 | €43,585 | €109,080 | +€65,496 | +150% |
| Amounts payable after more than one year | 17 | - | €6,045 | +€6,045 | |
| Financial debts | 170/4 | - | €6,045 | +€6,045 | |
| Amounts payable within one year | 42/48 | €43,132 | €103,035 | +€59,903 | +139% |
| Current portion of amounts payable after more than one year | 42 | - | €10,363 | +€10,363 | |
| Financial debts | 43 | €31,532 | €50,000 | +€18,468 | +58.6% |
| Credit institutions | 430/8 | €31,532 | €50,000 | +€18,468 | +58.6% |
| Trade debts | 44 | - | €35,622 | +€35,622 | |
| Suppliers | 440/4 | - | €35,622 | +€35,622 | |
| Taxes, remuneration and social security | 45 | €3,490 | €7,050 | +€3,560 | +102% |
| Taxes | 450/3 | €1,945 | €130 | -€1,815 | -93.3% |
| Remuneration and social security | 454/9 | €1,545 | €6,920 | +€5,375 | +348% |
| Other amounts payable | 47/48 | €8,111 | - | -€8,111 | |
| Accrued charges and deferred income | 492/3 | €452 | - | -€452 | |
| Non-recurring operating income | 76A | €2,893 | - | -€2,893 | |
| Remuneration, social security and pensions | 62 | €8,018 | €37,974 | +€29,955 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,067 | €15,476 | +€3,409 | +28.2% |
| Other operating charges | 640/8 | €2,310 | €3,325 | +€1,015 | +43.9% |
| Gross operating margin | 9900 | €27,887 | €26,751 | -€1,136 | -4.1% |
| Operating profit (loss) | 9901 | €5,491 | -€30,023 | -€35,514 | |
| Financial income | 75/76B | €774 | €1,972 | +€1,197 | +155% |
| Recurring financial income | 75 | €774 | €1,972 | +€1,197 | +155% |
| Financial charges | 65/66B | €1,486 | €4,283 | +€2,797 | +188% |
| Recurring financial charges | 65 | €1,486 | €4,283 | +€2,797 | +188% |
| Profit (loss) for the period before taxes | 9903 | €4,779 | -€32,334 | -€37,113 | |
| Income taxes | 67/77 | €3,306 | €499 | -€2,807 | -84.9% |
| Profit (loss) for the period | 9904 | €1,473 | -€32,833 | -€34,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,473 | -€32,833 | -€34,306 |
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 23 October 2026 via checked.be.