VANDERHEYDEN B. CONSTRUCTION: 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.
VANDERHEYDEN B. CONSTRUCTION
Largest movements
- Tangible fixed assets -€32,838
down €32,838 (-30.1%), from €109,219 to €76,381
of which Furniture and vehicles: -€18,340
- Stocks and contracts +€32,607
up €32,607 (+568%), from €5,736 to €38,343
- Receivables within one year +€31,386
up €31,386 (+97.0%), from €32,344 to €63,730
of which Trade receivables: +€37,374
- Cash +€15,183
up €15,183 (+22.6%), from €67,125 to €82,308
mainly Net result for the year (+€51,053) and Trade debts (+€41,435)
- Trade debts +€41,435
up €41,435 (+195%), from €21,221 to €62,656
- Tax, wage and social debts +€22,649
up €22,649 (+162%), from €13,975 to €36,624
of which Taxes: +€25,232
- Debts after one year -€13,969
down €13,969 (-43.5%), from €32,085 to €18,116
- Reserves -€6,136
down €6,136 (-7.9%), from €78,100 to €71,964
- Gross operating margin +€69,630
up €69,630 (+58.4%), from €119,258 to €188,888
- Staff costs +€29,154
up €29,154 (+58.0%), from €50,301 to €79,455
- Taxes +€12,178
up €12,178 (+157%), from €7,767 to €19,945
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 | €219,208 | €262,897 | +€43,689 | +19.9% |
| Formation expenses | 20 | €35 | - | -€35 | |
| Fixed assets | 21/28 | €109,219 | €76,381 | -€32,838 | -30.1% |
| Tangible fixed assets | 22/27 | €109,219 | €76,381 | -€32,838 | -30.1% |
| Plant, machinery and equipment | 23 | €23,755 | €16,391 | -€7,364 | -31.0% |
| Furniture and vehicles | 24 | €61,778 | €43,438 | -€18,340 | -29.7% |
| Leasing and similar rights | 25 | €23,686 | €16,552 | -€7,134 | -30.1% |
| Current assets | 29/58 | €109,955 | €186,517 | +€76,562 | +69.6% |
| Stocks and contracts in progress | 3 | €5,736 | €38,343 | +€32,607 | +568% |
| Stocks | 30/36 | €5,736 | €38,343 | +€32,607 | +568% |
| Amounts receivable within one year | 40/41 | €32,344 | €63,730 | +€31,386 | +97.0% |
| Trade receivables | 40 | €25,252 | €62,627 | +€37,374 | +148% |
| Other amounts receivable | 41 | €7,092 | €1,104 | -€5,989 | -84.4% |
| Cash at bank and in hand | 54/58 | €67,125 | €82,308 | +€15,183 | +22.6% |
| Deferred charges and accrued income | 490/1 | €4,750 | €2,136 | -€2,614 | -55.0% |
| Total equity and liabilities | 10/49 | €219,208 | €262,897 | +€43,689 | +19.9% |
| Equity | 10/15 | €98,100 | €92,560 | -€5,540 | -5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,100 | €71,964 | -€6,136 | -7.9% |
| Distributable reserves | 133 | €78,100 | €71,964 | -€6,136 | -7.9% |
| Investment grants | 15 | - | €596 | +€596 | |
| Amounts payable | 17/49 | €121,108 | €170,337 | +€49,229 | +40.6% |
| Amounts payable after more than one year | 17 | €32,085 | €18,116 | -€13,969 | -43.5% |
| Financial debts | 170/4 | €32,085 | €18,116 | -€13,969 | -43.5% |
| Amounts payable within one year | 42/48 | €89,023 | €152,221 | +€63,198 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | €15,240 | €13,442 | -€1,798 | -11.8% |
| Trade debts | 44 | €21,221 | €62,656 | +€41,435 | +195% |
| Suppliers | 440/4 | €21,221 | €62,656 | +€41,435 | +195% |
| Taxes, remuneration and social security | 45 | €13,975 | €36,624 | +€22,649 | +162% |
| Taxes | 450/3 | €8,726 | €33,959 | +€25,232 | +289% |
| Remuneration and social security | 454/9 | €5,249 | €2,666 | -€2,583 | -49.2% |
| Other amounts payable | 47/48 | €38,587 | €39,498 | +€911 | +2.4% |
| Remuneration, social security and pensions | 62 | €50,301 | €79,455 | +€29,154 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,364 | €38,775 | +€410 | +1.1% |
| Other operating charges | 640/8 | €1,305 | €1,041 | -€264 | -20.3% |
| Gross operating margin | 9900 | €119,258 | €188,888 | +€69,630 | +58.4% |
| Operating profit (loss) | 9901 | €29,287 | €69,618 | +€40,331 | +138% |
| Financial income | 75/76B | €898 | €2,405 | +€1,507 | +168% |
| Recurring financial income | 75 | €898 | €2,405 | +€1,507 | +168% |
| Financial charges | 65/66B | €1,507 | €1,026 | -€481 | -31.9% |
| Recurring financial charges | 65 | €1,507 | €1,026 | -€481 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €28,679 | €70,998 | +€42,319 | +148% |
| Income taxes | 67/77 | €7,767 | €19,945 | +€12,178 | +157% |
| Profit (loss) for the period | 9904 | €20,912 | €51,053 | +€30,141 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €20,912 | €51,053 | +€30,141 | +144% |
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 18 October 2026 via checked.be.