VAN ISEGHEM 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 ISEGHEM CONSTRUCT
Largest movements
- Cash +€636,177
up €636,177 (+82.1%), from €774,988 to €1.4m
mainly Net result for the year (+€803,713) and Depreciation (+€47,053)
- Stocks and contracts +€110,407
up €110,407 (+43.9%), from €251,405 to €361,811
- Reserves +€802,047
up €802,047 (+24.4%), from €3.3m to €4.1m
of which Distributable reserves: +€802,047
- Accrued charges and deferred income -€97,534
down €97,534 (-15.7%), from €622,261 to €524,727
- Gross operating margin +€72,428
up €72,428 (+6.5%), from €1.1m to €1.2m
- Taxes +€26,191
up €26,191 (+7.5%), from €349,627 to €375,819
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 | €4,631,266 | €5,313,972 | +€682,706 | +14.7% |
| Fixed assets | 21/28 | €149,231 | €122,264 | -€26,967 | -18.1% |
| Tangible fixed assets | 22/27 | €147,237 | €120,270 | -€26,967 | -18.3% |
| Plant, machinery and equipment | 23 | €71,308 | €60,388 | -€10,921 | -15.3% |
| Furniture and vehicles | 24 | €75,929 | €59,882 | -€16,046 | -21.1% |
| Financial fixed assets | 28 | €1,994 | €1,994 | = | 0.0% |
| Current assets | 29/58 | €4,482,035 | €5,191,708 | +€709,673 | +15.8% |
| Stocks and contracts in progress | 3 | €251,405 | €361,811 | +€110,407 | +43.9% |
| Stocks | 30/36 | €251,405 | €361,811 | +€110,407 | +43.9% |
| Amounts receivable within one year | 40/41 | €87,707 | €91,571 | +€3,865 | +4.4% |
| Trade receivables | 40 | €17,016 | €14,548 | -€2,468 | -14.5% |
| Other amounts receivable | 41 | €70,691 | €77,023 | +€6,333 | +9.0% |
| Current investments | 50/53 | €3,355,000 | €3,315,000 | -€40,000 | -1.2% |
| Cash at bank and in hand | 54/58 | €774,988 | €1,411,166 | +€636,177 | +82.1% |
| Deferred charges and accrued income | 490/1 | €12,935 | €12,159 | -€776 | -6.0% |
| Total equity and liabilities | 10/49 | €4,631,266 | €5,313,972 | +€682,706 | +14.7% |
| Equity | 10/15 | €3,399,668 | €4,201,715 | +€802,047 | +23.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,289,145 | €4,091,192 | +€802,047 | +24.4% |
| Tax-exempt reserves | 132 | €30,248 | €30,248 | = | 0.0% |
| Distributable reserves | 133 | €3,258,897 | €4,060,944 | +€802,047 | +24.6% |
| Profit (loss) carried forward | 14 | €90,523 | €90,523 | = | 0.0% |
| Amounts payable | 17/49 | €1,231,598 | €1,112,257 | -€119,341 | -9.7% |
| Amounts payable within one year | 42/48 | €609,337 | €587,530 | -€21,807 | -3.6% |
| Trade debts | 44 | €26,853 | €7,915 | -€18,939 | -70.5% |
| Suppliers | 440/4 | €26,853 | €7,915 | -€18,939 | -70.5% |
| Taxes, remuneration and social security | 45 | €14,729 | €12,023 | -€2,707 | -18.4% |
| Taxes | 450/3 | €14,729 | €12,023 | -€2,707 | -18.4% |
| Other amounts payable | 47/48 | €567,755 | €567,593 | -€162 | 0.0% |
| Accrued charges and deferred income | 492/3 | €622,261 | €524,727 | -€97,534 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,042 | €47,053 | +€4,011 | +9.3% |
| Other operating charges | 640/8 | €4,065 | €2,408 | -€1,657 | -40.8% |
| Gross operating margin | 9900 | €1,119,589 | €1,192,016 | +€72,428 | +6.5% |
| Operating profit (loss) | 9901 | €1,072,482 | €1,142,556 | +€70,074 | +6.5% |
| Financial income | 75/76B | €73,720 | €77,342 | +€3,622 | +4.9% |
| Recurring financial income | 75 | €73,720 | €77,342 | +€3,622 | +4.9% |
| Financial charges | 65/66B | €49,469 | €40,367 | -€9,102 | -18.4% |
| Recurring financial charges | 65 | €49,469 | €40,367 | -€9,102 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €1,096,733 | €1,179,531 | +€82,798 | +7.5% |
| Income taxes | 67/77 | €349,627 | €375,819 | +€26,191 | +7.5% |
| Profit (loss) for the period | 9904 | €747,106 | €803,713 | +€56,607 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €747,106 | €803,713 | +€56,607 | +7.6% |
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.