Vanbecelaere Bouwonderneming: what changed
What changed
Vanbecelaere Bouwonderneming
NACE 42.990, Civil engineering
filed annual accounts (NBB)
Net result for the year
€2,232
2024 · €11,488-€9,256
Equity
€268,244
2024 · €266,012+€2,232
Cash
€17,857
2024 · €4,446+€13,411
Balance sheet total
€1.1m
2024 · €1.2m-€110,238
Largest movements
Assets
- Receivables within one year -€107,924
down €107,924 (-43.2%), from €250,020 to €142,096
of which Trade receivables: -€196,627
- Tangible fixed assets -€46,168
down €46,168 (-5.7%), from €814,560 to €768,392
of which Land and buildings: -€35,351
- Stocks and contracts +€32,347
up €32,347 (+75.9%), from €42,602 to €74,949
- Cash +€13,411
up €13,411 (+302%), from €4,446 to €17,857
mainly Receivables within one year (+€107,924) and Depreciation (+€53,006)
Equity and liabilities
- Trade debts -€78,041
down €78,041 (-89.3%), from €87,363 to €9,321
- Debts after one year -€23,208
down €23,208 (-3.1%), from €751,697 to €728,490
- Other debts -€19,170
down €19,170 (-45.5%), from €42,140 to €22,970
Income statement
- Staff costs +€8,681
up €8,681 (+17.9%), from €48,625 to €57,306
- Gross operating margin +€5,892
up €5,892 (+3.6%), from €163,898 to €169,790
- Financial charges +€4,275
up €4,275 (+9.7%), from €44,208 to €48,483
- Other operating charges +€3,673
up €3,673 (+41.7%), from €8,808 to €12,481
- Taxes -€2,256
down €2,256 (-59.3%), from €3,805 to €1,549
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,488
Gross operating margin
+€5,892
Staff costs
-€8,681
Depreciation
-€1,276
Other operating charges
-€3,673
Other operating items
-€63
Financial income
+€565
Financial charges
-€4,275
Taxes
+€2,256
Result 2025
€2,232
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€32,705
Investment
-€6,838
Financing
-€12,456
Cash 2024
€4,446
From operations (derived)
+€32,705
Net result for the year
+€2,232
Depreciation
+€53,006
Stocks and contracts
-€32,347
Receivables within one year
+€107,924
Deferred charges and accrued income
+€1,903
Trade debts
-€78,041
Tax, wage and social debts
-€2,801
Other debts
-€19,170
Accrued charges and deferred income
-€3
Investment (derived)
-€6,838
Investment in fixed assets (net)
-€6,838
Financing
-€12,456
Debts after one year
-€23,208
Current portion of long-term debt
+€10,752
Cash 2025
€17,857
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,481 | €1,100,243 | -€110,238 | -9.1% |
| Fixed assets | 21/28 | €819,645 | €773,477 | -€46,168 | -5.6% |
| Tangible fixed assets | 22/27 | €814,560 | €768,392 | -€46,168 | -5.7% |
| Land and buildings | 22 | €758,847 | €723,496 | -€35,351 | -4.7% |
| Plant, machinery and equipment | 23 | €21,036 | €16,299 | -€4,737 | -22.5% |
| Furniture and vehicles | 24 | €5,976 | €7,086 | +€1,110 | +18.6% |
| Leasing and similar rights | 25 | €28,701 | €21,511 | -€7,190 | -25.1% |
| Financial fixed assets | 28 | €5,085 | €5,085 | = | 0.0% |
| Current assets | 29/58 | €390,836 | €326,767 | -€64,069 | -16.4% |
| Amounts receivable after more than one year | 29 | €88,749 | €88,749 | = | 0.0% |
| Other amounts receivable | 291 | €88,749 | €88,749 | = | 0.0% |
| Stocks and contracts in progress | 3 | €42,602 | €74,949 | +€32,347 | +75.9% |
| Stocks | 30/36 | €42,602 | €74,949 | +€32,347 | +75.9% |
| Amounts receivable within one year | 40/41 | €250,020 | €142,096 | -€107,924 | -43.2% |
| Trade receivables | 40 | €223,906 | €27,279 | -€196,627 | -87.8% |
| Other amounts receivable | 41 | €26,114 | €114,817 | +€88,703 | +340% |
| Cash at bank and in hand | 54/58 | €4,446 | €17,857 | +€13,411 | +302% |
| Deferred charges and accrued income | 490/1 | €5,018 | €3,115 | -€1,903 | -37.9% |
| Total equity and liabilities | 10/49 | €1,210,481 | €1,100,243 | -€110,238 | -9.1% |
| Equity | 10/15 | €266,012 | €268,244 | +€2,232 | +0.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €256,012 | €258,244 | +€2,232 | +0.9% |
| Distributable reserves | 133 | €256,012 | €258,244 | +€2,232 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €944,469 | €832,000 | -€112,470 | -11.9% |
| Amounts payable after more than one year | 17 | €751,697 | €728,490 | -€23,208 | -3.1% |
| Financial debts | 170/4 | €751,697 | €728,490 | -€23,208 | -3.1% |
| Amounts payable within one year | 42/48 | €192,274 | €103,015 | -€89,259 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €53,490 | €64,242 | +€10,752 | +20.1% |
| Trade debts | 44 | €87,363 | €9,321 | -€78,041 | -89.3% |
| Suppliers | 440/4 | €87,363 | €9,321 | -€78,041 | -89.3% |
| Taxes, remuneration and social security | 45 | €9,281 | €6,480 | -€2,801 | -30.2% |
| Taxes | 450/3 | €7,586 | €4,427 | -€3,159 | -41.6% |
| Remuneration and social security | 454/9 | €1,695 | €2,053 | +€358 | +21.1% |
| Other amounts payable | 47/48 | €42,140 | €22,970 | -€19,170 | -45.5% |
| Accrued charges and deferred income | 492/3 | €498 | €496 | -€3 | -0.5% |
| Non-recurring operating income | 76A | €1,344 | €2,696 | +€1,353 | +101% |
| Remuneration, social security and pensions | 62 | €48,625 | €57,306 | +€8,681 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,730 | €53,006 | +€1,276 | +2.5% |
| Other operating charges | 640/8 | €8,808 | €12,481 | +€3,673 | +41.7% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €163,898 | €169,790 | +€5,892 | +3.6% |
| Operating profit (loss) | 9901 | €54,736 | €46,934 | -€7,802 | -14.3% |
| Financial income | 75/76B | €4,765 | €5,331 | +€565 | +11.9% |
| Recurring financial income | 75 | €4,765 | €5,331 | +€565 | +11.9% |
| Financial charges | 65/66B | €44,208 | €48,483 | +€4,275 | +9.7% |
| Recurring financial charges | 65 | €44,208 | €48,483 | +€4,275 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €15,293 | €3,781 | -€11,512 | -75.3% |
| Income taxes | 67/77 | €3,805 | €1,549 | -€2,256 | -59.3% |
| Profit (loss) for the period | 9904 | €11,488 | €2,232 | -€9,256 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,488 | €2,232 | -€9,256 | -80.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.