V.P. 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.P. Construct
Largest movements
- Cash +€8,716
up €8,716 (+35.4%), from €24,635 to €33,351
mainly Net result for the year (+€12,309) and Tax, wage and social debts (+€6,501)
- Receivables within one year +€6,059
up €6,059 (+5.5%), from €109,203 to €115,261
of which Trade receivables: +€7,706
- Intangible fixed assets +€3,346
up €3,346 (+356.8%), from €938 to €4,283
- Reserves +€12,309
up €12,309 (+11.7%), from €104,994 to €117,303
of which Distributable reserves: +€12,309
- Tax, wage and social debts +€6,501
up €6,501 (+15824.6%), from €41 to €6,542
- Gross operating margin +€13,430
up €13,430 (+133.5%), from €10,059 to €23,489
- Taxes +€4,888
up €4,888 (+11899.9%), from €41 to €4,930
- Other operating charges -€2,088
down €2,088 (-46.9%), from €4,453 to €2,365
- Financial charges -€1,103
down €1,103 (-77.2%), from €1,427 to €325
- Depreciation -€400
down €400 (-9.9%), from €4,038 to €3,637
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 | €157,494 | €175,832 | +€18,337 | +11.6% |
| Fixed assets | 21/28 | €23,657 | €27,220 | +€3,563 | +15.1% |
| Intangible fixed assets | 21 | €938 | €4,283 | +€3,346 | +356.8% |
| Tangible fixed assets | 22/27 | €22,719 | €22,936 | +€217 | +1.0% |
| Plant, machinery and equipment | 23 | €2,301 | €4,319 | +€2,018 | +87.7% |
| Furniture and vehicles | 24 | €16,801 | €15,000 | -€1,801 | -10.7% |
| Other tangible fixed assets | 26 | €3,617 | €3,617 | = | 0.0% |
| Current assets | 29/58 | €133,838 | €148,612 | +€14,775 | +11.0% |
| Amounts receivable within one year | 40/41 | €109,203 | €115,261 | +€6,059 | +5.5% |
| Trade receivables | 40 | - | €7,706 | +€7,706 | |
| Other amounts receivable | 41 | €109,203 | €107,555 | -€1,648 | -1.5% |
| Cash at bank and in hand | 54/58 | €24,635 | €33,351 | +€8,716 | +35.4% |
| Total equity and liabilities | 10/49 | €157,494 | €175,832 | +€18,337 | +11.6% |
| Equity | 10/15 | €115,897 | €128,206 | +€12,309 | +10.6% |
| Contributions | 10/11 | €10,903 | €10,903 | = | 0.0% |
| Reserves | 13 | €104,994 | €117,303 | +€12,309 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €103,134 | €115,443 | +€12,309 | +11.9% |
| Provisions and deferred taxes | 16 | €38,525 | €38,525 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,525 | €38,525 | = | 0.0% |
| Other liabilities and charges | 164/5 | €38,525 | €38,525 | = | 0.0% |
| Amounts payable | 17/49 | €3,073 | €9,101 | +€6,028 | +196.2% |
| Amounts payable within one year | 42/48 | €3,073 | €9,101 | +€6,028 | +196.2% |
| Current portion of amounts payable after more than one year | 42 | €445 | - | -€445 | |
| Trade debts | 44 | €2,586 | €2,559 | -€27 | -1.1% |
| Suppliers | 440/4 | €2,586 | €2,559 | -€27 | -1.1% |
| Taxes, remuneration and social security | 45 | €41 | €6,542 | +€6,501 | +15824.6% |
| Taxes | 450/3 | €41 | €6,542 | +€6,501 | +15824.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,038 | €3,637 | -€400 | -9.9% |
| Other operating charges | 640/8 | €4,453 | €2,365 | -€2,088 | -46.9% |
| Gross operating margin | 9900 | €10,059 | €23,489 | +€13,430 | +133.5% |
| Operating profit (loss) | 9901 | €1,568 | €17,486 | +€15,918 | +1014.9% |
| Financial income | 75/76B | €35 | €78 | +€42 | +119.2% |
| Recurring financial income | 75 | €35 | €78 | +€42 | +119.2% |
| Financial charges | 65/66B | €1,427 | €325 | -€1,103 | -77.2% |
| Recurring financial charges | 65 | €1,427 | €325 | -€1,103 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | €176 | €17,239 | +€17,063 | +9678.8% |
| Income taxes | 67/77 | €41 | €4,930 | +€4,888 | +11899.9% |
| Profit (loss) for the period | 9904 | €135 | €12,309 | +€12,174 | +9004.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135 | €12,309 | +€12,174 | +9004.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.