VANDEROSTYNE 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.
What changed
VANDEROSTYNE CONSTRUCT
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€317,275
2024 · €258,429+€58,846
Equity
€428,967
2024 · €261,692+€167,275
Cash
€14,432
2024 · €23,580-€9,149
Balance sheet total
€1.6m
2024 · €1.1m+€551,501
Largest movements
Assets
- Tangible fixed assets +€466,324
up €466,324 (+99.1%), from €470,455 to €936,779
of which Furniture and vehicles: +€536,015
- Stocks and contracts +€185,267
up €185,267 (+71.8%), from €258,077 to €443,343
of which Contracts in progress: +€179,462
- Receivables within one year -€93,751
down €93,751 (-31.3%), from €299,913 to €206,163
of which Trade receivables: -€183,103
Equity and liabilities
- Debts after one year +€209,944
up €209,944 (+115.4%), from €181,929 to €391,873
of which Financial debts: +€219,544
- Reserves +€167,275
up €167,275 (+67.1%), from €249,292 to €416,567
of which Tax-exempt reserves: +€109,073
- Other debts +€69,194
up €69,194 (+19.0%), from €363,416 to €432,610
- Current portion of long-term debt +€41,105
up €41,105 (+54.8%), from €74,951 to €116,057
- Trade debts +€33,064
up €33,064 (+23.9%), from €138,239 to €171,302
Income statement
- Gross operating margin +€74,470
up €74,470 (+14.9%), from €501,102 to €575,572
- Taxes -€20,510
down €20,510 (-66.5%), from €30,849 to €10,339
- Provisions -€12,834
down €12,834, from €8,072 to -€4,763
- Write-downs -€10,327
down €10,327 (-161110.5%), from -€6 to -€10,334
- Other operating charges +€9,845
up €9,845 (+74.5%), from €13,210 to €23,055
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.
Result 2024
€258,429
Gross operating margin
+€74,470
Staff costs
-€2,134
Depreciation
-€7,018
Write-downs
+€10,327
Provisions
+€12,834
Other operating charges
-€9,845
Financial income
-€4,828
Financial charges
+€886
Taxes
+€20,510
Deferred taxes and other
-€36,358
Result 2025
€317,275
Cash bridge derived
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.
From operations
+€469,964
Investment
-€580,161
Financing
+€101,049
Cash 2024
€23,580
From operations (derived)
+€469,964
Net result for the year
+€317,275
Depreciation
+€114,875
Stocks and contracts
-€185,267
Receivables within one year
+€93,751
Deferred charges and accrued income
-€3,848
Provisions
+€31,595
Trade debts
+€33,064
Tax, wage and social debts
-€1,793
Other debts
+€69,194
Accrued charges and deferred income
+€1,118
Investment (derived)
-€580,161
Investment in fixed assets (net)
-€580,161
Financing
+€101,049
Debts after one year
+€209,944
Current portion of long-term debt
+€41,105
Contributions, distributions and other
-€150,000
Cash 2025
€14,432
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,059,802 | €1,611,304 | +€551,501 | +52.0% |
| Fixed assets | 21/28 | €474,090 | €939,376 | +€465,286 | +98.1% |
| Intangible fixed assets | 21 | €2,070 | €897 | -€1,173 | -56.7% |
| Tangible fixed assets | 22/27 | €470,455 | €936,779 | +€466,324 | +99.1% |
| Land and buildings | 22 | €222,211 | €195,503 | -€26,707 | -12.0% |
| Plant, machinery and equipment | 23 | €206,669 | €174,121 | -€32,548 | -15.7% |
| Furniture and vehicles | 24 | €7,168 | €543,183 | +€536,015 | +7477.7% |
| Leasing and similar rights | 25 | €34,407 | €23,972 | -€10,436 | -30.3% |
| Financial fixed assets | 28 | €1,565 | €1,700 | +€135 | +8.6% |
| Current assets | 29/58 | €585,713 | €671,928 | +€86,215 | +14.7% |
| Stocks and contracts in progress | 3 | €258,077 | €443,343 | +€185,267 | +71.8% |
| Stocks | 30/36 | €50,889 | €56,694 | +€5,805 | +11.4% |
| Contracts in progress | 37 | €207,188 | €386,649 | +€179,462 | +86.6% |
| Amounts receivable within one year | 40/41 | €299,913 | €206,163 | -€93,751 | -31.3% |
| Trade receivables | 40 | €271,762 | €88,659 | -€183,103 | -67.4% |
| Other amounts receivable | 41 | €28,152 | €117,504 | +€89,352 | +317.4% |
| Cash at bank and in hand | 54/58 | €23,580 | €14,432 | -€9,149 | -38.8% |
| Deferred charges and accrued income | 490/1 | €4,142 | €7,990 | +€3,848 | +92.9% |
| Total equity and liabilities | 10/49 | €1,059,802 | €1,611,304 | +€551,501 | +52.0% |
| Equity | 10/15 | €261,692 | €428,967 | +€167,275 | +63.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,292 | €416,567 | +€167,275 | +67.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €109,073 | +€109,073 | |
| Distributable reserves | 133 | €249,292 | €307,494 | +€58,202 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €30,098 | €61,693 | +€31,595 | +105.0% |
| Provisions for liabilities and charges | 160/5 | €30,098 | €25,336 | -€4,763 | -15.8% |
| Other liabilities and charges | 164/5 | €30,098 | €25,336 | -€4,763 | -15.8% |
| Deferred taxes | 168 | - | €36,358 | +€36,358 | |
| Amounts payable | 17/49 | €768,013 | €1,120,644 | +€352,631 | +45.9% |
| Amounts payable after more than one year | 17 | €181,929 | €391,873 | +€209,944 | +115.4% |
| Financial debts | 170/4 | €170,729 | €390,273 | +€219,544 | +128.6% |
| Other amounts payable | 178/9 | €11,200 | €1,600 | -€9,600 | -85.7% |
| Amounts payable within one year | 42/48 | €586,083 | €727,653 | +€141,570 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €74,951 | €116,057 | +€41,105 | +54.8% |
| Trade debts | 44 | €138,239 | €171,302 | +€33,064 | +23.9% |
| Suppliers | 440/4 | €138,239 | €171,302 | +€33,064 | +23.9% |
| Taxes, remuneration and social security | 45 | €9,477 | €7,684 | -€1,793 | -18.9% |
| Taxes | 450/3 | €4,425 | €4,534 | +€109 | +2.5% |
| Remuneration and social security | 454/9 | €5,052 | €3,150 | -€1,902 | -37.6% |
| Other amounts payable | 47/48 | €363,416 | €432,610 | +€69,194 | +19.0% |
| Accrued charges and deferred income | 492/3 | - | €1,118 | +€1,118 | |
| Non-recurring operating income | 76A | €1,904 | €0 | -€1,904 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,237 | €71,371 | +€2,134 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,857 | €114,875 | +€7,018 | +6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6 | -€10,334 | -€10,327 | -161110.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,072 | -€4,763 | -€12,834 | |
| Other operating charges | 640/8 | €13,210 | €23,055 | +€9,845 | +74.5% |
| Gross operating margin | 9900 | €501,102 | €575,572 | +€74,470 | +14.9% |
| Operating profit (loss) | 9901 | €302,732 | €381,367 | +€78,635 | +26.0% |
| Financial income | 75/76B | €9,611 | €4,783 | -€4,828 | -50.2% |
| Recurring financial income | 75 | €9,611 | €4,783 | -€4,828 | -50.2% |
| Financial charges | 65/66B | €23,064 | €22,178 | -€886 | -3.8% |
| Recurring financial charges | 65 | €23,064 | €22,178 | -€886 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €289,279 | €363,972 | +€74,693 | +25.8% |
| Transfer from deferred taxes | 780 | - | €130 | +€130 | |
| Transfer to deferred taxes | 680 | - | €36,488 | +€36,488 | |
| Income taxes | 67/77 | €30,849 | €10,339 | -€20,510 | -66.5% |
| Profit (loss) for the period | 9904 | €258,429 | €317,275 | +€58,846 | +22.8% |
| Transfer from tax-exempt reserves | 789 | - | €390 | +€390 | |
| Transfer to tax-exempt reserves | 689 | - | €109,463 | +€109,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,429 | €208,202 | -€50,227 | -19.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.