VAN DER BORGHT CONSTRUCTIES: 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.
VAN DER BORGHT CONSTRUCTIES
Largest movements
- Tangible fixed assets -€37,640
down €37,640 (-9.1%), from €414,285 to €376,646
of which Land and buildings: -€23,138
- Receivables within one year -€8,612
down €8,612 (-14.1%), from €61,176 to €52,563
of which Trade receivables: -€20,300
- Stocks and contracts -€7,570
down €7,570 (-22.6%), from €33,520 to €25,950
of which Contracts in progress: -€13,520
- Debts after one year -€62,350
down €62,350 (-25.9%), from €240,850 to €178,500
- Trade debts +€15,817
up €15,817 (+35.3%), from €44,761 to €60,578
- Tax, wage and social debts -€13,202
down €13,202 (-62.2%), from €21,218 to €8,016
of which Taxes: -€13,774
- Reserves +€7,239
up €7,239 (+5.2%), from €138,954 to €146,193
of which Distributable reserves: +€7,239
- Gross operating margin -€29,108
down €29,108 (-20.0%), from €145,622 to €116,514
- Depreciation -€10,644
down €10,644 (-18.1%), from €58,719 to €48,075
- Taxes -€9,136
down €9,136, from €7,232 to -€1,903
- Financial charges -€3,529
down €3,529 (-23.1%), from €15,271 to €11,742
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 | €570,445 | €517,924 | -€52,521 | -9.2% |
| Fixed assets | 21/28 | €417,727 | €379,378 | -€38,349 | -9.2% |
| Intangible fixed assets | 21 | €3,442 | €2,732 | -€710 | -20.6% |
| Tangible fixed assets | 22/27 | €414,285 | €376,646 | -€37,640 | -9.1% |
| Land and buildings | 22 | €244,534 | €221,396 | -€23,138 | -9.5% |
| Plant, machinery and equipment | 23 | €169,374 | €154,383 | -€14,991 | -8.9% |
| Furniture and vehicles | 24 | €378 | €867 | +€489 | +129.5% |
| Current assets | 29/58 | €152,718 | €138,546 | -€14,172 | -9.3% |
| Stocks and contracts in progress | 3 | €33,520 | €25,950 | -€7,570 | -22.6% |
| Stocks | 30/36 | €20,000 | €25,950 | +€5,950 | +29.8% |
| Contracts in progress | 37 | €13,520 | €0 | -€13,520 | -100.0% |
| Amounts receivable within one year | 40/41 | €61,176 | €52,563 | -€8,612 | -14.1% |
| Trade receivables | 40 | €44,171 | €23,871 | -€20,300 | -46.0% |
| Other amounts receivable | 41 | €17,004 | €28,693 | +€11,688 | +68.7% |
| Cash at bank and in hand | 54/58 | €58,023 | €60,033 | +€2,010 | +3.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €570,445 | €517,924 | -€52,521 | -9.2% |
| Equity | 10/15 | €181,926 | €189,165 | +€7,239 | +4.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €138,954 | €146,193 | +€7,239 | +5.2% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,850 | €8,850 | = | 0.0% |
| Distributable reserves | 133 | €128,004 | €135,243 | +€7,239 | +5.7% |
| Profit (loss) carried forward | 14 | €35,972 | €35,972 | = | 0.0% |
| Amounts payable | 17/49 | €388,520 | €328,759 | -€59,761 | -15.4% |
| Amounts payable after more than one year | 17 | €240,850 | €178,500 | -€62,350 | -25.9% |
| Financial debts | 170/4 | €240,850 | €178,500 | -€62,350 | -25.9% |
| Amounts payable within one year | 42/48 | €147,174 | €150,259 | +€3,085 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €74,318 | €74,541 | +€223 | +0.3% |
| Trade debts | 44 | €44,761 | €60,578 | +€15,817 | +35.3% |
| Suppliers | 440/4 | €44,761 | €60,578 | +€15,817 | +35.3% |
| Taxes, remuneration and social security | 45 | €21,218 | €8,016 | -€13,202 | -62.2% |
| Taxes | 450/3 | €15,479 | €1,705 | -€13,774 | -89.0% |
| Remuneration and social security | 454/9 | €5,739 | €6,310 | +€572 | +10.0% |
| Other amounts payable | 47/48 | €6,877 | €7,125 | +€248 | +3.6% |
| Accrued charges and deferred income | 492/3 | €495 | €0 | -€495 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €42,860 | €44,067 | +€1,207 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,719 | €48,075 | -€10,644 | -18.1% |
| Other operating charges | 640/8 | €7,636 | €8,074 | +€439 | +5.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €145,622 | €116,514 | -€29,108 | -20.0% |
| Operating profit (loss) | 9901 | €36,408 | €16,298 | -€20,109 | -55.2% |
| Financial income | 75/76B | €853 | €780 | -€73 | -8.6% |
| Recurring financial income | 75 | €853 | €780 | -€73 | -8.6% |
| Financial charges | 65/66B | €15,271 | €11,742 | -€3,529 | -23.1% |
| Recurring financial charges | 65 | €15,271 | €11,742 | -€3,529 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €21,990 | €5,336 | -€16,654 | -75.7% |
| Income taxes | 67/77 | €7,232 | -€1,903 | -€9,136 | |
| Profit (loss) for the period | 9904 | €14,758 | €7,239 | -€7,519 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,758 | €7,239 | -€7,519 | -50.9% |
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 7 October 2026 via checked.be.