VAG Construct: 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.
VAG Construct
Largest movements
- Receivables within one year -€38,149
down €38,149 (-16.5%), from €231,833 to €193,684
of which Trade receivables: -€23,045
- Cash +€7,976
new in 2024: €7,976
mainly Net result for the year (+€76,809) and Receivables within one year (+€38,149)
- Current portion of long-term debt -€106,982
down €106,982 (-62.5%), from €171,195 to €64,213
- Profit (loss) carried forward +€76,809
up €76,809 (+128%), from €60,138 to €136,947
- Turnover +€135,152
up €135,152 (+34.9%), from €387,570 to €522,722
- Purchases and services +€116,098
up €116,098 (+37.6%), from €308,997 to €425,095
- Gross operating margin +€19,053
up €19,053 (+24.2%), from €78,574 to €97,627
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,833 | €201,660 | -€30,173 | -13.0% |
| Current assets | 29/58 | €231,833 | €201,660 | -€30,173 | -13.0% |
| Amounts receivable within one year | 40/41 | €231,833 | €193,684 | -€38,149 | -16.5% |
| Trade receivables | 40 | €166,339 | €143,294 | -€23,045 | -13.9% |
| Other amounts receivable | 41 | €65,494 | €50,390 | -€15,104 | -23.1% |
| Cash at bank and in hand | 54/58 | - | €7,976 | +€7,976 | |
| Total equity and liabilities | 10/49 | €231,833 | €201,660 | -€30,173 | -13.0% |
| Equity | 10/15 | €60,638 | €137,447 | +€76,809 | +127% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,138 | €136,947 | +€76,809 | +128% |
| Amounts payable | 17/49 | €171,195 | €64,213 | -€106,982 | -62.5% |
| Amounts payable within one year | 42/48 | €171,195 | €64,213 | -€106,982 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €171,195 | €64,213 | -€106,982 | -62.5% |
| Turnover | 70 | €387,570 | €522,722 | +€135,152 | +34.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €308,997 | €425,095 | +€116,098 | +37.6% |
| Remuneration, social security and pensions | 62 | €1,468 | €1,316 | -€152 | -10.4% |
| Other operating charges | 640/8 | €1,790 | - | -€1,790 | |
| Gross operating margin | 9900 | €78,574 | €97,627 | +€19,053 | +24.2% |
| Operating profit (loss) | 9901 | €75,316 | €96,311 | +€20,995 | +27.9% |
| Financial charges | 65/66B | €102 | €300 | +€198 | +193% |
| Recurring financial charges | 65 | €102 | €300 | +€198 | +193% |
| Profit (loss) for the period before taxes | 9903 | €75,213 | €96,011 | +€20,798 | +27.7% |
| Income taxes | 67/77 | €15,075 | €19,202 | +€4,127 | +27.4% |
| Profit (loss) for the period | 9904 | €60,138 | €76,809 | +€16,671 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,138 | €76,809 | +€16,671 | +27.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.