VANDERMEEREN CONSTRUCT: what changed
VANDERMEEREN CONSTRUCT
Largest movements
- Current investments +€235,000
up €235,000 (+2,329%), from €10,089 to €245,089
- Cash -€200,604
down €200,604 (-73.0%), from €274,910 to €74,306
mainly Current investments (-€235,000) and Contributions, distributions and other (-€26,945)
- Receivables within one year -€40,322
down €40,322 (-85.6%), from €47,111 to €6,789
of which Trade receivables: -€26,345
- Tangible fixed assets -€18,305
down €18,305 (-28.1%), from €65,141 to €46,835
of which Furniture and vehicles: -€15,013
- Reserves -€18,777
down €18,777 (-4.8%), from €390,833 to €372,056
- Gross operating margin +€10,173
up €10,173 (+53.6%), from €18,965 to €29,138
- Financial income -€6,088
down €6,088 (-61.9%), from €9,838 to €3,749
- Taxes +€1,973
up €1,973 (+66.2%), from €2,982 to €4,955
- Depreciation -€458
down €458 (-2.4%), from €18,763 to €18,305
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,664 | €374,548 | -€24,115 | -6.0% |
| Fixed assets | 21/28 | €66,141 | €46,835 | -€19,305 | -29.2% |
| Tangible fixed assets | 22/27 | €65,141 | €46,835 | -€18,305 | -28.1% |
| Plant, machinery and equipment | 23 | €11,148 | €7,855 | -€3,293 | -29.5% |
| Furniture and vehicles | 24 | €53,993 | €38,980 | -€15,013 | -27.8% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €332,523 | €327,713 | -€4,810 | -1.4% |
| Amounts receivable within one year | 40/41 | €47,111 | €6,789 | -€40,322 | -85.6% |
| Trade receivables | 40 | €26,345 | €0 | -€26,345 | -100% |
| Other amounts receivable | 41 | €20,766 | €6,789 | -€13,977 | -67.3% |
| Current investments | 50/53 | €10,089 | €245,089 | +€235,000 | +2,329% |
| Cash at bank and in hand | 54/58 | €274,910 | €74,306 | -€200,604 | -73.0% |
| Deferred charges and accrued income | 490/1 | €413 | €1,529 | +€1,116 | +271% |
| Total equity and liabilities | 10/49 | €398,664 | €374,548 | -€24,115 | -6.0% |
| Equity | 10/15 | €390,834 | €372,057 | -€18,777 | -4.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €390,833 | €372,056 | -€18,777 | -4.8% |
| Distributable reserves | 133 | €390,833 | €372,056 | -€18,777 | -4.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €7,830 | €2,492 | -€5,338 | -68.2% |
| Amounts payable within one year | 42/48 | €6,899 | €2,492 | -€4,407 | -63.9% |
| Trade debts | 44 | €46 | €2,492 | +€2,445 | +5,264% |
| Suppliers | 440/4 | €46 | €2,492 | +€2,445 | +5,264% |
| Taxes, remuneration and social security | 45 | €3,687 | €0 | -€3,687 | -100% |
| Taxes | 450/3 | €3,687 | €0 | -€3,687 | -100% |
| Other amounts payable | 47/48 | €3,166 | €0 | -€3,166 | -100% |
| Accrued charges and deferred income | 492/3 | €931 | €0 | -€931 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,763 | €18,305 | -€458 | -2.4% |
| Other operating charges | 640/8 | €1,022 | €1,094 | +€72 | +7.0% |
| Gross operating margin | 9900 | €18,965 | €29,138 | +€10,173 | +53.6% |
| Operating profit (loss) | 9901 | -€820 | €9,739 | +€10,559 | |
| Financial income | 75/76B | €9,838 | €3,749 | -€6,088 | -61.9% |
| Recurring financial income | 75 | €9,838 | €3,749 | -€6,088 | -61.9% |
| Financial charges | 65/66B | €299 | €365 | +€67 | +22.4% |
| Recurring financial charges | 65 | €299 | €365 | +€67 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €8,719 | €13,123 | +€4,404 | +50.5% |
| Income taxes | 67/77 | €2,982 | €4,955 | +€1,973 | +66.2% |
| Profit (loss) for the period | 9904 | €5,737 | €8,168 | +€2,431 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,737 | €8,168 | +€2,431 | +42.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.