VAN 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.
VAN CONSTRUCT
Largest movements
- Receivables within one year +€36,349
up €36,349 (+591.6%), from €6,144 to €42,493
of which Trade receivables: +€39,073
- Cash -€1,138
down €1,138 (-90.7%), from €1,255 to €117
mainly Receivables within one year (-€36,349) and Other debts (-€937)
- Tangible fixed assets -€468
down €468 (-20.0%), from €2,339 to €1,871
- Trade debts +€31,210
up €31,210 (+698.4%), from €4,469 to €35,678
- Profit (loss) carried forward +€5,137
up €5,137 (+192.7%), from €2,666 to €7,803
- Other debts -€937
no longer reported in 2025 (was €937)
- Tax, wage and social debts -€666
no longer reported in 2025 (was €666)
- Gross operating margin +€3,137
up €3,137 (+77.9%), from €4,026 to €7,163
- Taxes +€884
up €884 (+132.7%), from €666 to €1,551
- Other operating charges -€781
no longer reported in 2025 (was €781)
- Depreciation +€468
new in 2025: €468
- Financial charges +€208
up €208, from -€186 to €22
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 | €9,738 | €44,481 | +€34,743 | +356.8% |
| Fixed assets | 21/28 | €2,339 | €1,871 | -€468 | -20.0% |
| Tangible fixed assets | 22/27 | €2,339 | €1,871 | -€468 | -20.0% |
| Plant, machinery and equipment | 23 | €2,339 | €1,871 | -€468 | -20.0% |
| Current assets | 29/58 | €7,399 | €42,610 | +€35,211 | +475.9% |
| Amounts receivable within one year | 40/41 | €6,144 | €42,493 | +€36,349 | +591.6% |
| Trade receivables | 40 | €3,420 | €42,493 | +€39,073 | +1142.5% |
| Other amounts receivable | 41 | €2,724 | - | -€2,724 | |
| Cash at bank and in hand | 54/58 | €1,255 | €117 | -€1,138 | -90.7% |
| Total equity and liabilities | 10/49 | €9,738 | €44,481 | +€34,743 | +356.8% |
| Equity | 10/15 | €3,666 | €8,803 | +€5,137 | +140.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,666 | €7,803 | +€5,137 | +192.7% |
| Amounts payable | 17/49 | €6,072 | €35,678 | +€29,606 | +487.6% |
| Amounts payable within one year | 42/48 | €6,072 | €35,678 | +€29,606 | +487.6% |
| Trade debts | 44 | €4,469 | €35,678 | +€31,210 | +698.4% |
| Suppliers | 440/4 | €4,469 | €35,678 | +€31,210 | +698.4% |
| Taxes, remuneration and social security | 45 | €666 | - | -€666 | |
| Taxes | 450/3 | €666 | - | -€666 | |
| Other amounts payable | 47/48 | €937 | - | -€937 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €468 | +€468 | |
| Other operating charges | 640/8 | €781 | - | -€781 | |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €4,026 | €7,163 | +€3,137 | +77.9% |
| Operating profit (loss) | 9901 | €3,145 | €6,695 | +€3,550 | +112.9% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1512.5% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1512.5% |
| Financial charges | 65/66B | -€186 | €22 | +€208 | |
| Recurring financial charges | 65 | -€186 | €22 | +€208 | |
| Profit (loss) for the period before taxes | 9903 | €3,332 | €6,688 | +€3,356 | +100.7% |
| Income taxes | 67/77 | €666 | €1,551 | +€884 | +132.7% |
| Profit (loss) for the period | 9904 | €2,666 | €5,137 | +€2,471 | +92.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,666 | €5,137 | +€2,471 | +92.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.