VANDERHAEGEN 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.
VANDERHAEGEN CONSTRUCT
Largest movements
- Receivables within one year +€178,060
up €178,060 (+56.8%), from €313,690 to €491,750
of which Other amounts receivable: +€111,409
- Current investments +€16,626
new in 2024: €16,626
- Reserves +€252,928
up €252,928 (+344.8%), from €73,357 to €326,285
of which Distributable reserves: +€252,928
- Profit (loss) carried forward -€82,940
down €82,940 (-100.0%), from €82,963 to €23
- Tax, wage and social debts +€71,993
up €71,993 (+208.7%), from €34,495 to €106,487
of which Taxes: +€70,809
- Trade debts -€51,344
down €51,344 (-88.0%), from €58,353 to €7,009
- Current portion of long-term debt -€37,273
down €37,273 (-69.9%), from €53,344 to €16,071
- Gross operating margin -€83,223
down €83,223 (-40.7%), from €204,559 to €121,336
- Staff costs -€68,867
no longer reported in 2024 (was €68,867)
- Financial charges -€55,357
down €55,357 (-86.8%), from €63,773 to €8,416
- Taxes +€22,491
up €22,491 (+176.3%), from €12,759 to €35,250
- Financial income -€14,275
down €14,275 (-99.9%), from €14,289 to €14
of which Financial income: -€13,492
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,112 | €508,887 | +€187,775 | +58.5% |
| Fixed assets | 21/28 | €65 | €161 | +€96 | +147.4% |
| Tangible fixed assets | 22/27 | - | €96 | +€96 | |
| Furniture and vehicles | 24 | - | €96 | +€96 | |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €321,047 | €508,726 | +€187,679 | +58.5% |
| Amounts receivable within one year | 40/41 | €313,690 | €491,750 | +€178,060 | +56.8% |
| Trade receivables | 40 | €13,469 | €80,119 | +€66,651 | +494.9% |
| Other amounts receivable | 41 | €300,221 | €411,631 | +€111,409 | +37.1% |
| Current investments | 50/53 | - | €16,626 | +€16,626 | |
| Cash at bank and in hand | 54/58 | €4,932 | €350 | -€4,582 | -92.9% |
| Deferred charges and accrued income | 490/1 | €2,425 | €0 | -€2,425 | -100.0% |
| Total equity and liabilities | 10/49 | €321,112 | €508,887 | +€187,775 | +58.5% |
| Equity | 10/15 | €174,920 | €344,907 | +€169,987 | +97.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,357 | €326,285 | +€252,928 | +344.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,497 | €324,425 | +€252,928 | +353.8% |
| Profit (loss) carried forward | 14 | €82,963 | €23 | -€82,940 | -100.0% |
| Amounts payable | 17/49 | €146,192 | €163,979 | +€17,788 | +12.2% |
| Amounts payable within one year | 42/48 | €146,192 | €163,979 | +€17,788 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €53,344 | €16,071 | -€37,273 | -69.9% |
| Financial debts | 43 | - | €34,189 | +€34,189 | |
| Credit institutions | 430/8 | - | €34,189 | +€34,189 | |
| Trade debts | 44 | €58,353 | €7,009 | -€51,344 | -88.0% |
| Suppliers | 440/4 | €58,353 | €7,009 | -€51,344 | -88.0% |
| Taxes, remuneration and social security | 45 | €34,495 | €106,487 | +€71,993 | +208.7% |
| Taxes | 450/3 | €34,495 | €105,303 | +€70,809 | +205.3% |
| Remuneration and social security | 454/9 | - | €1,184 | +€1,184 | |
| Other amounts payable | 47/48 | - | €223 | +€223 | |
| Non-recurring operating income | 76A | €50 | - | -€50 | |
| Remuneration, social security and pensions | 62 | €68,867 | - | -€68,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,802 | €215 | -€8,587 | -97.6% |
| Other operating charges | 640/8 | €345 | €4,851 | +€4,506 | +1306.0% |
| Non-recurring operating charges | 66A | €20,662 | - | -€20,662 | |
| Gross operating margin | 9900 | €204,559 | €121,336 | -€83,223 | -40.7% |
| Operating profit (loss) | 9901 | €105,884 | €116,270 | +€10,386 | +9.8% |
| Financial income | 75/76B | €14,289 | €14 | -€14,275 | -99.9% |
| Recurring financial income | 75 | €13,506 | €14 | -€13,492 | -99.9% |
| Non-recurring financial income | 76B | €783 | - | -€783 | |
| Financial charges | 65/66B | €63,773 | €8,416 | -€55,357 | -86.8% |
| Recurring financial charges | 65 | €63,773 | €8,416 | -€55,357 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €56,400 | €107,868 | +€51,468 | +91.3% |
| Income taxes | 67/77 | €12,759 | €35,250 | +€22,491 | +176.3% |
| Profit (loss) for the period | 9904 | €43,641 | €72,618 | +€28,977 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,641 | €72,618 | +€28,977 | +66.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.