V.D.W. CONSTRUCTIE: what changed
V.D.W. CONSTRUCTIE
Largest movements
- Receivables within one year +€667,241
up €667,241 (+61.8%), from €1.1m to €1.7m
of which Other amounts receivable: +€646,162
- Tangible fixed assets -€247,502
down €247,502 (-8.8%), from €2.8m to €2.6m
of which Land and buildings: -€262,535
- Stocks and contracts +€203,384
up €203,384 (+8.4%), from €2.4m to €2.6m
of which Contracts in progress: +€296,453
- Financial fixed assets +€123,100
up €123,100 (+46.4%), from €265,528 to €388,628
- Cash -€97,472
down €97,472 (-16.4%), from €592,840 to €495,369
mainly Receivables within one year (-€667,241) and Contributions, distributions and other (-€500,000)
- Trade debts +€611,672
up €611,672 (+125%), from €491,266 to €1.1m
- Other debts +€384,075
up €384,075 (+46.2%), from €832,101 to €1.2m
- Debts after one year -€383,501
down €383,501 (-20.8%), from €1.8m to €1.5m
- Reserves -€155,692
down €155,692 (-5.0%), from €3.1m to €3.0m
of which Distributable reserves: -€155,692
- Profit (loss) carried forward +€88,473
up €88,473 (+21.3%), from €415,094 to €503,567
- Gross operating margin +€243,291
up €243,291 (+9.2%), from €2.7m to €2.9m
- Taxes +€45,402
up €45,402 (+79.0%), from €57,466 to €102,869
- Financial charges +€39,125
up €39,125 (+56.7%), from €68,964 to €108,089
- Staff costs +€33,063
up €33,063 (+1.9%), from €1.7m to €1.8m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,310,346 | €7,896,300 | +€585,954 | +8.0% |
| Fixed assets | 21/28 | €3,181,353 | €3,017,403 | -€163,950 | -5.2% |
| Intangible fixed assets | 21 | €110,440 | €70,891 | -€39,548 | -35.8% |
| Tangible fixed assets | 22/27 | €2,805,386 | €2,557,884 | -€247,502 | -8.8% |
| Land and buildings | 22 | €1,485,771 | €1,223,236 | -€262,535 | -17.7% |
| Plant, machinery and equipment | 23 | €1,146,537 | €1,106,765 | -€39,773 | -3.5% |
| Furniture and vehicles | 24 | €173,077 | €227,883 | +€54,806 | +31.7% |
| Financial fixed assets | 28 | €265,528 | €388,628 | +€123,100 | +46.4% |
| Current assets | 29/58 | €4,128,993 | €4,878,897 | +€749,904 | +18.2% |
| Stocks and contracts in progress | 3 | €2,410,936 | €2,614,320 | +€203,384 | +8.4% |
| Stocks | 30/36 | €1,598,573 | €1,505,504 | -€93,069 | -5.8% |
| Contracts in progress | 37 | €812,363 | €1,108,816 | +€296,453 | +36.5% |
| Amounts receivable within one year | 40/41 | €1,079,476 | €1,746,717 | +€667,241 | +61.8% |
| Trade receivables | 40 | €782,545 | €803,624 | +€21,079 | +2.7% |
| Other amounts receivable | 41 | €296,931 | €943,093 | +€646,162 | +218% |
| Cash at bank and in hand | 54/58 | €592,840 | €495,369 | -€97,472 | -16.4% |
| Deferred charges and accrued income | 490/1 | €45,741 | €22,492 | -€23,249 | -50.8% |
| Total equity and liabilities | 10/49 | €7,310,346 | €7,896,300 | +€585,954 | +8.0% |
| Equity | 10/15 | €3,566,880 | €3,499,661 | -€67,219 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,133,193 | €2,977,501 | -€155,692 | -5.0% |
| Tax-exempt reserves | 132 | €10,992 | €10,992 | = | 0.0% |
| Distributable reserves | 133 | €3,122,202 | €2,966,510 | -€155,692 | -5.0% |
| Profit (loss) carried forward | 14 | €415,094 | €503,567 | +€88,473 | +21.3% |
| Amounts payable | 17/49 | €3,743,467 | €4,396,640 | +€653,173 | +17.4% |
| Amounts payable after more than one year | 17 | €1,845,236 | €1,461,735 | -€383,501 | -20.8% |
| Financial debts | 170/4 | €1,845,236 | €1,461,735 | -€383,501 | -20.8% |
| Amounts payable within one year | 42/48 | €1,896,632 | €2,934,850 | +€1.0m | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €453,253 | €456,011 | +€2,758 | +0.6% |
| Trade debts | 44 | €491,266 | €1,102,938 | +€611,672 | +125% |
| Suppliers | 440/4 | €491,266 | €1,102,938 | +€611,672 | +125% |
| Taxes, remuneration and social security | 45 | €120,013 | €159,726 | +€39,713 | +33.1% |
| Taxes | 450/3 | €44,290 | €74,548 | +€30,258 | +68.3% |
| Remuneration and social security | 454/9 | €75,723 | €85,178 | +€9,455 | +12.5% |
| Other amounts payable | 47/48 | €832,101 | €1,216,176 | +€384,075 | +46.2% |
| Accrued charges and deferred income | 492/3 | €1,598 | €54 | -€1,544 | -96.6% |
| Non-recurring operating income | 76A | €16,231 | €4,000 | -€12,231 | -75.4% |
| Remuneration, social security and pensions | 62 | €1,722,959 | €1,756,022 | +€33,063 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481,679 | €497,627 | +€15,948 | +3.3% |
| Other operating charges | 640/8 | €34,785 | €37,423 | +€2,638 | +7.6% |
| Non-recurring operating charges | 66A | - | €157 | +€157 | |
| Gross operating margin | 9900 | €2,655,809 | €2,899,100 | +€243,291 | +9.2% |
| Operating profit (loss) | 9901 | €416,386 | €607,871 | +€191,485 | +46.0% |
| Financial income | 75/76B | €10,420 | €35,867 | +€25,447 | +244% |
| Recurring financial income | 75 | €10,420 | €35,867 | +€25,447 | +244% |
| Financial charges | 65/66B | €68,964 | €108,089 | +€39,125 | +56.7% |
| Recurring financial charges | 65 | €68,964 | €108,089 | +€39,125 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €357,842 | €535,650 | +€177,808 | +49.7% |
| Income taxes | 67/77 | €57,466 | €102,869 | +€45,402 | +79.0% |
| Profit (loss) for the period | 9904 | €300,375 | €432,781 | +€132,406 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €300,375 | €432,781 | +€132,406 | +44.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.