Vanderlinden Bouw: what changed
Vanderlinden Bouw
Largest movements
- Receivables within one year +€45,585
up €45,585 (+139%), from €32,866 to €78,451
of which Trade receivables: +€33,171
- Cash -€32,194
down €32,194 (-62.3%), from €51,647 to €19,453
mainly Receivables within one year (-€45,585) and Contributions, distributions and other (-€39,999)
- Tangible fixed assets -€17,060
down €17,060 (-31.1%), from €54,793 to €37,733
of which Plant, machinery and equipment: -€15,004
- Stocks and contracts -€14,281
down €14,281 (-24.5%), from €58,318 to €44,037
- Profit (loss) carried forward -€104,451
no longer reported in 2025 (was €104,451)
- Reserves +€80,452
new in 2025: €80,452
- Other debts +€40,000
new in 2025: €40,000
- Trade debts -€16,047
down €16,047 (-29.3%), from €54,738 to €38,691
- Debts after one year -€8,981
down €8,981 (-65.9%), from €13,632 to €4,651
- Gross operating margin -€31,165
down €31,165 (-42.0%), from €74,228 to €43,063
- Taxes -€5,312
down €5,312 (-51.7%), from €10,278 to €4,966
- Depreciation -€3,360
down €3,360 (-16.6%), from €20,281 to €16,921
- Financial charges +€2,928
up €2,928 (+142%), from €2,059 to €4,987
- Financial income +€890
up €890 (+187%), from €476 to €1,366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,009 | €182,033 | -€16,976 | -8.5% |
| Fixed assets | 21/28 | €54,793 | €37,733 | -€17,060 | -31.1% |
| Tangible fixed assets | 22/27 | €54,793 | €37,733 | -€17,060 | -31.1% |
| Plant, machinery and equipment | 23 | €51,785 | €36,781 | -€15,004 | -29.0% |
| Furniture and vehicles | 24 | €1,974 | €213 | -€1,761 | -89.2% |
| Other tangible fixed assets | 26 | €1,034 | €738 | -€296 | -28.6% |
| Current assets | 29/58 | €144,216 | €144,300 | +€84 | +0.1% |
| Stocks and contracts in progress | 3 | €58,318 | €44,037 | -€14,281 | -24.5% |
| Contracts in progress | 37 | €58,318 | €44,037 | -€14,281 | -24.5% |
| Amounts receivable within one year | 40/41 | €32,866 | €78,451 | +€45,585 | +139% |
| Trade receivables | 40 | €17,491 | €50,662 | +€33,171 | +190% |
| Other amounts receivable | 41 | €15,375 | €27,789 | +€12,414 | +80.7% |
| Cash at bank and in hand | 54/58 | €51,647 | €19,453 | -€32,194 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,385 | €2,359 | +€974 | +70.3% |
| Total equity and liabilities | 10/49 | €199,009 | €182,033 | -€16,976 | -8.5% |
| Equity | 10/15 | €106,951 | €82,952 | -€23,999 | -22.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €80,452 | +€80,452 | |
| Distributable reserves | 133 | - | €80,452 | +€80,452 | |
| Profit (loss) carried forward | 14 | €104,451 | - | -€104,451 | |
| Amounts payable | 17/49 | €92,058 | €99,081 | +€7,023 | +7.6% |
| Amounts payable after more than one year | 17 | €13,632 | €4,651 | -€8,981 | -65.9% |
| Financial debts | 170/4 | €13,632 | €4,651 | -€8,981 | -65.9% |
| Amounts payable within one year | 42/48 | €78,426 | €94,430 | +€16,004 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €17,460 | €11,481 | -€5,979 | -34.2% |
| Trade debts | 44 | €54,738 | €38,691 | -€16,047 | -29.3% |
| Suppliers | 440/4 | €54,738 | €38,691 | -€16,047 | -29.3% |
| Taxes, remuneration and social security | 45 | €6,228 | €4,258 | -€1,970 | -31.6% |
| Taxes | 450/3 | €4,578 | €4,258 | -€320 | -7.0% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Non-recurring operating income | 76A | €5,650 | - | -€5,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,281 | €16,921 | -€3,360 | -16.6% |
| Other operating charges | 640/8 | €978 | €1,556 | +€578 | +59.1% |
| Gross operating margin | 9900 | €74,228 | €43,063 | -€31,165 | -42.0% |
| Operating profit (loss) | 9901 | €52,969 | €24,587 | -€28,382 | -53.6% |
| Financial income | 75/76B | €476 | €1,366 | +€890 | +187% |
| Recurring financial income | 75 | €476 | €1,366 | +€890 | +187% |
| Financial charges | 65/66B | €2,059 | €4,987 | +€2,928 | +142% |
| Recurring financial charges | 65 | €2,059 | €4,987 | +€2,928 | +142% |
| Profit (loss) for the period before taxes | 9903 | €51,386 | €20,966 | -€30,420 | -59.2% |
| Income taxes | 67/77 | €10,278 | €4,966 | -€5,312 | -51.7% |
| Profit (loss) for the period | 9904 | €41,108 | €16,000 | -€25,108 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,108 | €16,000 | -€25,108 | -61.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.