VANAUBEL FRERES CONSTRUCTION: 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.
VANAUBEL FRERES CONSTRUCTION
Largest movements
- Cash +€268,285
up €268,285 (+674%), from €39,806 to €308,091
mainly Stocks and contracts (+€101,325) and Receivables within one year (+€85,455)
- Stocks and contracts -€101,325
down €101,325 (-46.5%), from €217,780 to €116,455
- Receivables within one year -€85,455
down €85,455 (-58.2%), from €146,810 to €61,354
of which Trade receivables: -€102,298
- Deferred charges and accrued income +€7,878
up €7,878 (+40.4%), from €19,514 to €27,392
- Trade debts +€30,327
up €30,327 (+15.0%), from €201,894 to €232,220
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Reserves +€28,695
up €28,695 (+34.8%), from €82,531 to €111,225
- Debts after one year -€12,789
down €12,789 (-7.3%), from €174,421 to €161,631
- Gross operating margin +€34,424
up €34,424 (+12.9%), from €266,959 to €301,383
- Depreciation +€14,665
up €14,665 (+26.1%), from €56,237 to €70,902
- Taxes +€9,967
up €9,967 (+285%), from €3,503 to €13,470
- Staff costs -€6,235
down €6,235 (-3.6%), from €175,366 to €169,130
- Other operating charges +€5,246
up €5,246 (+185%), from €2,831 to €8,077
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.
Derived cash bridge
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 | €602,282 | €687,838 | +€85,556 | +14.2% |
| Fixed assets | 21/28 | €178,373 | €174,546 | -€3,827 | -2.1% |
| Tangible fixed assets | 22/27 | €178,373 | €174,546 | -€3,827 | -2.1% |
| Land and buildings | 22 | €1,242 | €1,046 | -€196 | -15.8% |
| Plant, machinery and equipment | 23 | €16,365 | €26,601 | +€10,236 | +62.6% |
| Furniture and vehicles | 24 | €13,876 | €10,641 | -€3,235 | -23.3% |
| Leasing and similar rights | 25 | €146,890 | €136,257 | -€10,633 | -7.2% |
| Current assets | 29/58 | €423,909 | €513,293 | +€89,383 | +21.1% |
| Stocks and contracts in progress | 3 | €217,780 | €116,455 | -€101,325 | -46.5% |
| Stocks | 30/36 | €217,780 | €116,455 | -€101,325 | -46.5% |
| Amounts receivable within one year | 40/41 | €146,810 | €61,354 | -€85,455 | -58.2% |
| Trade receivables | 40 | €102,398 | €100 | -€102,298 | -99.9% |
| Other amounts receivable | 41 | €44,411 | €61,254 | +€16,843 | +37.9% |
| Cash at bank and in hand | 54/58 | €39,806 | €308,091 | +€268,285 | +674% |
| Deferred charges and accrued income | 490/1 | €19,514 | €27,392 | +€7,878 | +40.4% |
| Total equity and liabilities | 10/49 | €602,282 | €687,838 | +€85,556 | +14.2% |
| Equity | 10/15 | €102,531 | €131,225 | +€28,695 | +28.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €82,531 | €111,225 | +€28,695 | +34.8% |
| Distributable reserves | 133 | €82,531 | €111,225 | +€28,695 | +34.8% |
| Amounts payable | 17/49 | €499,752 | €556,613 | +€56,861 | +11.4% |
| Amounts payable after more than one year | 17 | €174,421 | €161,631 | -€12,789 | -7.3% |
| Financial debts | 170/4 | €174,421 | €161,631 | -€12,789 | -7.3% |
| Amounts payable within one year | 42/48 | €325,331 | €364,982 | +€39,651 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €56,711 | €60,894 | +€4,183 | +7.4% |
| Trade debts | 44 | €201,894 | €232,220 | +€30,327 | +15.0% |
| Suppliers | 440/4 | €201,894 | €232,220 | +€30,327 | +15.0% |
| Taxes, remuneration and social security | 45 | €49,182 | €52,784 | +€3,602 | +7.3% |
| Taxes | 450/3 | €7,602 | €6,884 | -€718 | -9.4% |
| Remuneration and social security | 454/9 | €41,580 | €45,901 | +€4,320 | +10.4% |
| Other amounts payable | 47/48 | €17,545 | €19,084 | +€1,538 | +8.8% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €175,366 | €169,130 | -€6,235 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,237 | €70,902 | +€14,665 | +26.1% |
| Other operating charges | 640/8 | €2,831 | €8,077 | +€5,246 | +185% |
| Gross operating margin | 9900 | €266,959 | €301,383 | +€34,424 | +12.9% |
| Operating profit (loss) | 9901 | €32,526 | €53,274 | +€20,748 | +63.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,202 | €11,110 | +€908 | +8.9% |
| Recurring financial charges | 65 | €10,202 | €11,110 | +€908 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €22,324 | €42,165 | +€19,841 | +88.9% |
| Income taxes | 67/77 | €3,503 | €13,470 | +€9,967 | +285% |
| Profit (loss) for the period | 9904 | €18,821 | €28,695 | +€9,874 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,821 | €28,695 | +€9,874 | +52.5% |
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 1 November 2026 via checked.be.