VANDEBERG CONSTRUCTIONS: 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.
VANDEBERG CONSTRUCTIONS
Largest movements
- Tangible fixed assets +€44,430
up €44,430 (+350%), from €12,684 to €57,115
of which Leasing and similar rights: +€35,382
- Cash +€41,277
up €41,277 (+1,978%), from €2,087 to €43,364
mainly Trade debts (+€50,816) and Depreciation (+€32,704)
- Stocks and contracts -€24,539
down €24,539 (-58.3%), from €42,117 to €17,578
- Receivables within one year +€13,898
up €13,898 (+32.1%), from €43,244 to €57,141
of which Other amounts receivable: +€8,307
- Intangible fixed assets -€12,700
down €12,700 (-16.7%), from €76,200 to €63,500
- Trade debts +€50,816
up €50,816 (+202%), from €25,131 to €75,947
- Other debts -€28,930
down €28,930 (-34.3%), from €84,425 to €55,495
- Profit (loss) carried forward +€24,689
up €24,689 (+189%), from €13,077 to €37,766
- Debts after one year +€18,819
up €18,819 (+315%), from €5,969 to €24,788
- Current portion of long-term debt -€12,707
down €12,707 (-43.1%), from €29,490 to €16,783
- Gross operating margin +€41,387
up €41,387 (+14.8%), from €279,516 to €320,903
- Staff costs +€20,047
up €20,047 (+8.7%), from €230,419 to €250,466
- Depreciation -€11,461
down €11,461 (-26.0%), from €44,164 to €32,704
- Write-downs +€4,240
new in 2025: €4,240
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 | €190,601 | €248,705 | +€58,104 | +30.5% |
| Fixed assets | 21/28 | €94,093 | €125,824 | +€31,730 | +33.7% |
| Intangible fixed assets | 21 | €76,200 | €63,500 | -€12,700 | -16.7% |
| Tangible fixed assets | 22/27 | €12,684 | €57,115 | +€44,430 | +350% |
| Land and buildings | 22 | €0 | €515 | +€515 | |
| Plant, machinery and equipment | 23 | €8,986 | €19,583 | +€10,597 | +118% |
| Furniture and vehicles | 24 | €3,698 | €1,634 | -€2,064 | -55.8% |
| Leasing and similar rights | 25 | €0 | €35,382 | +€35,382 | |
| Financial fixed assets | 28 | €5,209 | €5,209 | = | 0.0% |
| Current assets | 29/58 | €96,507 | €122,881 | +€26,374 | +27.3% |
| Stocks and contracts in progress | 3 | €42,117 | €17,578 | -€24,539 | -58.3% |
| Stocks | 30/36 | €42,117 | €17,578 | -€24,539 | -58.3% |
| Amounts receivable within one year | 40/41 | €43,244 | €57,141 | +€13,898 | +32.1% |
| Trade receivables | 40 | €39,865 | €45,456 | +€5,590 | +14.0% |
| Other amounts receivable | 41 | €3,378 | €11,686 | +€8,307 | +246% |
| Cash at bank and in hand | 54/58 | €2,087 | €43,364 | +€41,277 | +1,978% |
| Deferred charges and accrued income | 490/1 | €9,060 | €4,798 | -€4,262 | -47.0% |
| Total equity and liabilities | 10/49 | €190,601 | €248,705 | +€58,104 | +30.5% |
| Equity | 10/15 | €33,077 | €57,766 | +€24,689 | +74.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,077 | €37,766 | +€24,689 | +189% |
| Amounts payable | 17/49 | €157,523 | €190,939 | +€33,415 | +21.2% |
| Amounts payable after more than one year | 17 | €5,969 | €24,788 | +€18,819 | +315% |
| Financial debts | 170/4 | €5,969 | €24,788 | +€18,819 | +315% |
| Amounts payable within one year | 42/48 | €145,432 | €163,809 | +€18,377 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €29,490 | €16,783 | -€12,707 | -43.1% |
| Trade debts | 44 | €25,131 | €75,947 | +€50,816 | +202% |
| Suppliers | 440/4 | €25,131 | €75,947 | +€50,816 | +202% |
| Taxes, remuneration and social security | 45 | €6,386 | €15,584 | +€9,198 | +144% |
| Taxes | 450/3 | €405 | €221 | -€184 | -45.4% |
| Remuneration and social security | 454/9 | €5,981 | €15,363 | +€9,382 | +157% |
| Other amounts payable | 47/48 | €84,425 | €55,495 | -€28,930 | -34.3% |
| Accrued charges and deferred income | 492/3 | €6,122 | €2,342 | -€3,780 | -61.7% |
| Remuneration, social security and pensions | 62 | €230,419 | €250,466 | +€20,047 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,164 | €32,704 | -€11,461 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,240 | +€4,240 | |
| Other operating charges | 640/8 | €1,970 | €2,299 | +€329 | +16.7% |
| Gross operating margin | 9900 | €279,516 | €320,903 | +€41,387 | +14.8% |
| Operating profit (loss) | 9901 | €2,962 | €31,195 | +€28,233 | +953% |
| Financial income | 75/76B | €2 | €133 | +€131 | +7,243% |
| Recurring financial income | 75 | €2 | €133 | +€131 | +7,243% |
| Financial charges | 65/66B | €6,481 | €6,418 | -€63 | -1.0% |
| Recurring financial charges | 65 | €6,481 | €6,418 | -€63 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,517 | €24,910 | +€28,427 | |
| Income taxes | 67/77 | €215 | €221 | +€6 | +2.6% |
| Profit (loss) for the period | 9904 | -€3,733 | €24,689 | +€28,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,733 | €24,689 | +€28,421 |
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 23 October 2026 via checked.be.