V.H.B. 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.
V.H.B. CONSTRUCT
Largest movements
- Cash +€9,738
up €9,738 (+22.4%), from €43,440 to €53,178
mainly Trade debts (+€14,433) and Net result for the year (+€3,210)
- Receivables within one year +€6,672
up €6,672 (+3.6%), from €187,885 to €194,557
of which Other amounts receivable: +€12,262
- Trade debts +€14,433
up €14,433 (+178.5%), from €8,087 to €22,520
- Profit (loss) carried forward +€3,210
up €3,210 (+1.5%), from €214,659 to €217,869
- Tax, wage and social debts -€2,641
down €2,641 (-94.0%), from €2,809 to €168
- Gross operating margin +€9,292
up €9,292, from -€4,908 to €4,384
- Financial charges -€1,315
down €1,315 (-93.7%), from €1,403 to €88
- Taxes -€255
no longer reported in 2025 (was €255)
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 | €233,615 | €248,617 | +€15,002 | +6.4% |
| Current assets | 29/58 | €233,615 | €248,617 | +€15,002 | +6.4% |
| Amounts receivable within one year | 40/41 | €187,885 | €194,557 | +€6,672 | +3.6% |
| Trade receivables | 40 | €42,662 | €37,072 | -€5,590 | -13.1% |
| Other amounts receivable | 41 | €145,223 | €157,485 | +€12,262 | +8.4% |
| Cash at bank and in hand | 54/58 | €43,440 | €53,178 | +€9,738 | +22.4% |
| Deferred charges and accrued income | 490/1 | €2,290 | €882 | -€1,408 | -61.5% |
| Total equity and liabilities | 10/49 | €233,615 | €248,617 | +€15,002 | +6.4% |
| Equity | 10/15 | €222,719 | €225,929 | +€3,210 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €214,659 | €217,869 | +€3,210 | +1.5% |
| Amounts payable | 17/49 | €10,896 | €22,688 | +€11,792 | +108.2% |
| Amounts payable within one year | 42/48 | €10,896 | €22,688 | +€11,792 | +108.2% |
| Trade debts | 44 | €8,087 | €22,520 | +€14,433 | +178.5% |
| Suppliers | 440/4 | €8,087 | €22,520 | +€14,433 | +178.5% |
| Taxes, remuneration and social security | 45 | €2,809 | €168 | -€2,641 | -94.0% |
| Taxes | 450/3 | €2,809 | €168 | -€2,641 | -94.0% |
| Other operating charges | 640/8 | €1,078 | €1,086 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€4,908 | €4,384 | +€9,292 | |
| Operating profit (loss) | 9901 | -€5,986 | €3,298 | +€9,284 | |
| Financial charges | 65/66B | €1,403 | €88 | -€1,315 | -93.7% |
| Recurring financial charges | 65 | €1,403 | €88 | -€1,315 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,389 | €3,210 | +€10,599 | |
| Income taxes | 67/77 | €255 | - | -€255 | |
| Profit (loss) for the period | 9904 | -€7,644 | €3,210 | +€10,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,644 | €3,210 | +€10,854 |
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 3 October 2026 via checked.be.