VAARTKOM SLUIS: what changed
What changed
VAARTKOM SLUIS
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.5m+€293,944
Equity
€1.4m
2024 · €1.6m-€266,949
Cash
€4,909
2024 · €5,540-€631
Balance sheet total
€4.5m
2024 · €5.7m-€1.2m
Largest movements
Assets
- Receivables within one year -€610,124
down €610,124 (-15.2%), from €4.0m to €3.4m
of which Other amounts receivable: -€351,834
- Stocks and contracts -€606,015
down €606,015 (-36.2%), from €1.7m to €1.1m
Equity and liabilities
- Tax, wage and social debts -€485,413
down €485,413 (-93.3%), from €520,318 to €34,906
- Trade debts -€357,422
down €357,422 (-37.2%), from €960,656 to €603,235
- Profit (loss) carried forward -€266,949
down €266,949 (-27.5%), from €970,685 to €703,736
- Debts after one year -€79,493
down €79,493 (-34.3%), from €232,065 to €152,572
Income statement
- Gross operating margin +€382,081
up €382,081 (+20.2%), from €1.9m to €2.3m
- Taxes +€69,587
up €69,587 (+13.4%), from €520,318 to €589,906
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.
Result 2024
€1.5m
Gross operating margin
+€382,081
Other operating charges
-€33
Financial income
-€21,132
Financial charges
+€2,615
Taxes
-€69,587
Result 2025
€1.8m
raises the resultlowers the result
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.
From operations
+€2.2m
Investment
€0
Financing
-€2.2m
Cash 2024
€5,540
From operations (derived)
+€2.2m
Net result for the year
+€1.8m
Stocks and contracts
+€606,015
Receivables within one year
+€610,124
Trade debts
-€357,422
Tax, wage and social debts
-€485,413
Advances received
+€45,197
Other debts
-€49,167
Financing
-€2.2m
Debts after one year
-€79,493
Current portion of long-term debt
-€23,524
Contributions, distributions and other
-€2.1m
Cash 2025
€4,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,684,348 | €4,467,578 | -€1.2m | -21.4% |
| Current assets | 29/58 | €5,684,348 | €4,467,578 | -€1.2m | -21.4% |
| Stocks and contracts in progress | 3 | €1,673,628 | €1,067,613 | -€606,015 | -36.2% |
| Stocks | 30/36 | €1,673,628 | €1,067,613 | -€606,015 | -36.2% |
| Amounts receivable within one year | 40/41 | €4,005,179 | €3,395,056 | -€610,124 | -15.2% |
| Trade receivables | 40 | €258,289 | - | -€258,289 | |
| Other amounts receivable | 41 | €3,746,890 | €3,395,056 | -€351,834 | -9.4% |
| Cash at bank and in hand | 54/58 | €5,540 | €4,909 | -€631 | -11.4% |
| Total equity and liabilities | 10/49 | €5,684,348 | €4,467,578 | -€1.2m | -21.4% |
| Equity | 10/15 | €1,630,685 | €1,363,736 | -€266,949 | -16.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €970,685 | €703,736 | -€266,949 | -27.5% |
| Amounts payable | 17/49 | €4,053,663 | €3,103,842 | -€949,821 | -23.4% |
| Amounts payable after more than one year | 17 | €232,065 | €152,572 | -€79,493 | -34.3% |
| Financial debts | 170/4 | €232,065 | €152,572 | -€79,493 | -34.3% |
| Amounts payable within one year | 42/48 | €3,821,598 | €2,951,270 | -€870,328 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €34,422 | €10,898 | -€23,524 | -68.3% |
| Trade debts | 44 | €960,656 | €603,235 | -€357,422 | -37.2% |
| Suppliers | 440/4 | €960,656 | €603,235 | -€357,422 | -37.2% |
| Advances received on contracts in progress | 46 | €6,201 | €51,399 | +€45,197 | +729% |
| Taxes, remuneration and social security | 45 | €520,318 | €34,906 | -€485,413 | -93.3% |
| Taxes | 450/3 | €520,318 | €34,906 | -€485,413 | -93.3% |
| Other amounts payable | 47/48 | €2,300,000 | €2,250,833 | -€49,167 | -2.1% |
| Other operating charges | 640/8 | €1,161 | €1,193 | +€33 | +2.8% |
| Gross operating margin | 9900 | €1,889,816 | €2,271,897 | +€382,081 | +20.2% |
| Operating profit (loss) | 9901 | €1,888,656 | €2,270,704 | +€382,048 | +20.2% |
| Financial income | 75/76B | €173,424 | €152,293 | -€21,132 | -12.2% |
| Recurring financial income | 75 | €173,424 | €152,293 | -€21,132 | -12.2% |
| Financial charges | 65/66B | €2,656 | €40 | -€2,615 | -98.5% |
| Recurring financial charges | 65 | €2,656 | €40 | -€2,615 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €2,059,425 | €2,422,956 | +€363,532 | +17.7% |
| Income taxes | 67/77 | €520,318 | €589,906 | +€69,587 | +13.4% |
| Profit (loss) for the period | 9904 | €1,539,106 | €1,833,051 | +€293,944 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,539,106 | €1,833,051 | +€293,944 | +19.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.