VANDERFAEILLIE 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.
VANDERFAEILLIE CONSTRUCT
Largest movements
- Receivables within one year +€236,774
up €236,774 (+92.0%), from €257,311 to €494,084
of which Trade receivables: +€171,915
- Stocks and contracts -€23,250
down €23,250 (-36.8%), from €63,250 to €40,000
- Tangible fixed assets +€11,369
up €11,369 (+1,283%), from €886 to €12,255
- Cash -€8,299
down €8,299 (-36.2%), from €22,923 to €14,624
mainly Receivables within one year (-€236,774) and Contributions, distributions and other (-€25,665)
- Trade debts +€80,996
up €80,996 (+106%), from €76,382 to €157,378
- Advances received +€76,629
new in 2026: €76,629
- Reserves +€27,654
up €27,654 (+12.8%), from €216,879 to €244,532
- Debts after one year +€17,500
new in 2026: €17,500
- Accrued charges and deferred income +€13,540
up €13,540 (+6,110%), from €222 to €13,762
- Gross operating margin +€32,634
up €32,634 (+18.1%), from €180,066 to €212,701
- Staff costs +€26,422
up €26,422 (+24.5%), from €107,748 to €134,170
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,358 | €566,371 | +€218,014 | +62.6% |
| Fixed assets | 21/28 | €886 | €12,255 | +€11,369 | +1,283% |
| Tangible fixed assets | 22/27 | €886 | €12,255 | +€11,369 | +1,283% |
| Furniture and vehicles | 24 | €886 | €12,255 | +€11,369 | +1,283% |
| Current assets | 29/58 | €347,472 | €554,116 | +€206,645 | +59.5% |
| Stocks and contracts in progress | 3 | €63,250 | €40,000 | -€23,250 | -36.8% |
| Contracts in progress | 37 | €63,250 | €40,000 | -€23,250 | -36.8% |
| Amounts receivable within one year | 40/41 | €257,311 | €494,084 | +€236,774 | +92.0% |
| Trade receivables | 40 | €225,952 | €397,867 | +€171,915 | +76.1% |
| Other amounts receivable | 41 | €31,359 | €96,218 | +€64,859 | +207% |
| Cash at bank and in hand | 54/58 | €22,923 | €14,624 | -€8,299 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,988 | €5,409 | +€1,420 | +35.6% |
| Total equity and liabilities | 10/49 | €348,358 | €566,371 | +€218,014 | +62.6% |
| Equity | 10/15 | €235,479 | €263,132 | +€27,654 | +11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,879 | €244,532 | +€27,654 | +12.8% |
| Distributable reserves | 133 | €216,879 | €244,532 | +€27,654 | +12.8% |
| Amounts payable | 17/49 | €112,879 | €303,239 | +€190,360 | +169% |
| Amounts payable after more than one year | 17 | - | €17,500 | +€17,500 | |
| Financial debts | 170/4 | - | €17,500 | +€17,500 | |
| Amounts payable within one year | 42/48 | €112,657 | €271,977 | +€159,320 | +141% |
| Trade debts | 44 | €76,382 | €157,378 | +€80,996 | +106% |
| Suppliers | 440/4 | €76,382 | €157,378 | +€80,996 | +106% |
| Advances received on contracts in progress | 46 | - | €76,629 | +€76,629 | |
| Taxes, remuneration and social security | 45 | €13,012 | €15,215 | +€2,204 | +16.9% |
| Taxes | 450/3 | €10,424 | €9,832 | -€593 | -5.7% |
| Remuneration and social security | 454/9 | €2,587 | €5,383 | +€2,796 | +108% |
| Other amounts payable | 47/48 | €23,264 | €22,755 | -€509 | -2.2% |
| Accrued charges and deferred income | 492/3 | €222 | €13,762 | +€13,540 | +6,110% |
| Remuneration, social security and pensions | 62 | €107,748 | €134,170 | +€26,422 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €1,631 | +€1,111 | +214% |
| Other operating charges | 640/8 | €1,264 | €2,184 | +€919 | +72.7% |
| Gross operating margin | 9900 | €180,066 | €212,701 | +€32,634 | +18.1% |
| Operating profit (loss) | 9901 | €70,534 | €74,716 | +€4,182 | +5.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,397 | €583 | -€814 | -58.3% |
| Recurring financial charges | 65 | €1,397 | €583 | -€814 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €69,137 | €74,133 | +€4,996 | +7.2% |
| Income taxes | 67/77 | €19,295 | €20,815 | +€1,519 | +7.9% |
| Profit (loss) for the period | 9904 | €49,841 | €53,318 | +€3,477 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,841 | €53,318 | +€3,477 | +7.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.