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Vandenhole Construct: 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.

What changed

Vandenhole Construct

BE 0740.994.876
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,665
2024 · €2,301+€49,364
Equity
€7,744
2024 · €46,079-€38,335
Cash
€17,737
2024 · €11,979+€5,757
Balance sheet total
€124,717
2024 · €99,985+€24,732

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€19,535

    up €19,535 (+22.3%), from €87,445 to €106,980

    of which Other amounts receivable: +€19,141

  • Cash +€5,757

    up €5,757 (+48.1%), from €11,979 to €17,737

    mainly Other debts (+€90,000) and Net result for the year (+€51,665)

Equity and liabilities
  • Other debts +€90,000

    up €90,000, from €0 to €90,000

  • Reserves -€38,335

    down €38,335 (-89.0%), from €43,079 to €4,744

  • Trade debts -€25,692

    down €25,692 (-85.5%), from €30,045 to €4,353

Income statement
  • Gross operating margin +€65,251

    up €65,251 (+1537.3%), from €4,245 to €69,495

  • Taxes +€13,707

    up €13,707 (+1890.7%), from €725 to €14,432

  • Other operating charges +€1,512

    up €1,512 (+145.2%), from €1,041 to €2,553

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €2,301
Gross operating margin +€65,251
Depreciation +€44
Other operating charges -€1,512
Financial income -€18
Financial charges -€693
Taxes -€13,707
Result 2025 €51,665

Cash bridge derived

cash 2024 to 2025

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.

From operations +€95,757
Investment €0
Financing -€90,000
Cash 2024 €11,979
Net result for the year +€51,665
Depreciation +€25
Receivables within one year -€19,535
Deferred charges and accrued income +€535
Trade debts -€25,692
Tax, wage and social debts -€1,241
Other debts +€90,000
Contributions, distributions and other -€90,000
Cash 2025 €17,737
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €99,985 €124,717 +€24,732 +24.7%
Fixed assets 21/28 €25 €0 -€25 -100.0%
Tangible fixed assets 22/27 €25 €0 -€25 -100.0%
Furniture and vehicles 24 €25 €0 -€25 -100.0%
Current assets 29/58 €99,960 €124,717 +€24,757 +24.8%
Amounts receivable within one year 40/41 €87,445 €106,980 +€19,535 +22.3%
Trade receivables 40 €24,100 €24,494 +€394 +1.6%
Other amounts receivable 41 €63,345 €82,486 +€19,141 +30.2%
Cash at bank and in hand 54/58 €11,979 €17,737 +€5,757 +48.1%
Deferred charges and accrued income 490/1 €535 €0 -€535 -100.0%
Total equity and liabilities 10/49 €99,985 €124,717 +€24,732 +24.7%
Equity 10/15 €46,079 €7,744 -€38,335 -83.2%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €43,079 €4,744 -€38,335 -89.0%
Distributable reserves 133 €43,079 €4,744 -€38,335 -89.0%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €53,906 €116,973 +€63,067 +117.0%
Amounts payable within one year 42/48 €53,906 €116,973 +€63,067 +117.0%
Trade debts 44 €30,045 €4,353 -€25,692 -85.5%
Suppliers 440/4 €30,045 €4,353 -€25,692 -85.5%
Taxes, remuneration and social security 45 €23,861 €22,620 -€1,241 -5.2%
Taxes 450/3 €22,261 €20,420 -€1,841 -8.3%
Remuneration and social security 454/9 €1,600 €2,200 +€600 +37.5%
Other amounts payable 47/48 €0 €90,000 +€90,000
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €68 €25 -€44 -63.6%
Other operating charges 640/8 €1,041 €2,553 +€1,512 +145.2%
Non-recurring operating charges 66A €0 - =
Gross operating margin 9900 €4,245 €69,495 +€65,251 +1537.3%
Operating profit (loss) 9901 €3,135 €66,917 +€63,782 +2034.5%
Financial income 75/76B €28 €10 -€18 -64.0%
Recurring financial income 75 €28 €10 -€18 -64.0%
Financial charges 65/66B €137 €831 +€693 +505.1%
Recurring financial charges 65 €137 €831 +€693 +505.1%
Profit (loss) for the period before taxes 9903 €3,026 €66,097 +€63,071 +2084.6%
Income taxes 67/77 €725 €14,432 +€13,707 +1890.7%
Profit (loss) for the period 9904 €2,301 €51,665 +€49,364 +2145.8%
Profit (loss) for the period to be appropriated 9905 €2,301 €51,665 +€49,364 +2145.8%

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 8 October 2026 via checked.be.