Vanderstraeten: what changed
What changed
Vanderstraeten
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€3.4m
2024 · €3.6m-€234,506
Equity
€17.1m
2024 · €15.9m+€1.2m
Cash
€2.9m
2024 · €6.0m-€3.1m
Balance sheet total
€49.5m
2024 · €45.3m+€4.2m
Largest movements
Assets
- Receivables within one year +€3.4m
up €3.4m (+10.8%), from €31.5m to €34.9m
of which Other amounts receivable: +€2.0m
- Cash -€3.1m
down €3.1m (-51.8%), from €6.0m to €2.9m
mainly Receivables within one year (-€3.4m) and Contributions, distributions and other (-€2.2m)
- Stocks and contracts +€2.1m
up €2.1m (+81.6%), from €2.5m to €4.6m
of which Contracts in progress: +€2.1m
- Deferred charges and accrued income +€1.9m
up €1.9m (+210%), from €903,384 to €2.8m
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+172%), from €1.5m to €4.1m
- Advances received -€1.4m
down €1.4m (-50.2%), from €2.8m to €1.4m
- Tax, wage and social debts +€1.4m
up €1.4m (+74.2%), from €1.9m to €3.3m
of which Taxes: +€1.1m
- Reserves +€1.2m
up €1.2m (+8.3%), from €14.3m to €15.5m
of which Distributable reserves: +€1.2m
Income statement
- Turnover -€7.9m
down €7.9m (-6.0%), from €132.6m to €124.7m
- Goods and materials -€4.8m
down €4.8m (-5.0%), from €95.9m to €91.2m
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.
Result 2024
€3.6m
Turnover
-€7.9m
Other operating income
+€203,722
Goods and materials
+€4.8m
Services and other goods
+€566,414
Staff costs
-€1.2m
Depreciation
-€60,394
Write-downs
+€20,000
Provisions
-€270,151
Other operating charges
-€784,234
Other operating items
+€5.0m
Financial income
-€506,741
Financial charges
+€7,549
Taxes
-€86,589
Result 2025
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€356,834
Investment
-€554,732
Financing
-€2.2m
Cash 2024
€6.0m
From operations (derived)
-€356,834
Net result for the year
+€3.4m
Depreciation
+€697,637
Stocks and contracts
-€2.1m
Receivables within one year
-€3.4m
Deferred charges and accrued income
-€1.9m
Provisions
+€266,364
Trade debts
+€158,173
Tax, wage and social debts
+€1.4m
Advances received
-€1.4m
Other debts
+€2.6m
Accrued charges and deferred income
+€30,420
Investment (derived)
-€554,732
Investment in fixed assets (net)
-€554,729
Current investments
-€2
Financing
-€2.2m
Contributions, distributions and other
-€2.2m
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,330,621 | €49,490,891 | +€4.2m | +9.2% |
| Fixed assets | 21/28 | €3,424,725 | €3,281,817 | -€142,908 | -4.2% |
| Tangible fixed assets | 22/27 | €2,249,683 | €2,423,456 | +€173,774 | +7.7% |
| Plant, machinery and equipment | 23 | €925,524 | €1,032,415 | +€106,891 | +11.5% |
| Furniture and vehicles | 24 | €1,023,295 | €776,739 | -€246,557 | -24.1% |
| Other tangible fixed assets | 26 | €69,395 | €60,553 | -€8,842 | -12.7% |
| Assets under construction and advance payments | 27 | €231,468 | €553,750 | +€322,281 | +139% |
| Financial fixed assets | 28 | €1,175,042 | €858,361 | -€316,681 | -27.0% |
| Companies linked by participating interests | 282/3 | €4,932 | €131,776 | +€126,844 | +2,572% |
| Participating interests | 282 | €4,932 | €131,776 | +€126,844 | +2,572% |
| Other financial fixed assets | 284/8 | €1,170,110 | €726,585 | -€443,525 | -37.9% |
| Shares | 284 | €109,350 | €69,025 | -€40,325 | -36.9% |
| Amounts receivable and cash guarantees | 285/8 | €1,060,760 | €657,560 | -€403,200 | -38.0% |
| Current assets | 29/58 | €41,905,896 | €46,209,074 | +€4.3m | +10.3% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,543,234 | €4,617,786 | +€2.1m | +81.6% |
| Stocks | 30/36 | €1,239 | €1,239 | = | 0.0% |
| Raw materials and consumables | 30/31 | €1,239 | €1,239 | = | 0.0% |
| Contracts in progress | 37 | €2,541,995 | €4,616,546 | +€2.1m | +81.6% |
| Amounts receivable within one year | 40/41 | €31,507,574 | €34,920,987 | +€3.4m | +10.8% |
| Trade receivables | 40 | €16,055,269 | €17,482,819 | +€1.4m | +8.9% |
| Other amounts receivable | 41 | €15,452,305 | €17,438,168 | +€2.0m | +12.9% |
| Current investments | 50/53 | €350 | €353 | +€2 | +0.6% |
| Other investments | 51/53 | €350 | €353 | +€2 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,951,353 | €2,869,788 | -€3.1m | -51.8% |
| Deferred charges and accrued income | 490/1 | €903,384 | €2,800,161 | +€1.9m | +210% |
| Total equity and liabilities | 10/49 | €45,330,621 | €49,490,891 | +€4.2m | +9.2% |
| Equity | 10/15 | €15,939,693 | €17,129,028 | +€1.2m | +7.5% |
| Contributions | 10/11 | €1,605,448 | €1,605,448 | = | 0.0% |
| Capital | 10 | €1,605,448 | €1,605,448 | = | 0.0% |
| Issued capital | 100 | €1,605,448 | €1,605,448 | = | 0.0% |
| Reserves | 13 | €14,334,245 | €15,523,581 | +€1.2m | +8.3% |
| Non-distributable reserves | 130/1 | €256,872 | €256,872 | = | 0.0% |
| Legal reserve | 130 | €160,545 | €160,545 | = | 0.0% |
| Reserves not available under the articles | 1311 | €96,327 | €96,327 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,910 | €13,910 | = | 0.0% |
| Distributable reserves | 133 | €14,063,463 | €15,252,799 | +€1.2m | +8.5% |
| Provisions and deferred taxes | 16 | €552,722 | €819,086 | +€266,364 | +48.2% |
| Provisions for liabilities and charges | 160/5 | €552,722 | €819,086 | +€266,364 | +48.2% |
| Other liabilities and charges | 164/5 | €552,722 | €819,086 | +€266,364 | +48.2% |
| Amounts payable | 17/49 | €28,838,206 | €31,542,777 | +€2.7m | +9.4% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other loans | 174 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,822,755 | €30,496,905 | +€2.7m | +9.6% |
| Trade debts | 44 | €21,614,621 | €21,772,794 | +€158,173 | +0.7% |
| Suppliers | 440/4 | €21,614,621 | €21,772,794 | +€158,173 | +0.7% |
| Advances received on contracts in progress | 46 | €2,848,461 | €1,418,214 | -€1.4m | -50.2% |
| Taxes, remuneration and social security | 45 | €1,868,054 | €3,254,458 | +€1.4m | +74.2% |
| Taxes | 450/3 | €329,545 | €1,441,555 | +€1.1m | +337% |
| Remuneration and social security | 454/9 | €1,538,509 | €1,812,903 | +€274,394 | +17.8% |
| Other amounts payable | 47/48 | €1,491,619 | €4,051,440 | +€2.6m | +172% |
| Accrued charges and deferred income | 492/3 | €15,451 | €45,871 | +€30,420 | +197% |
| Operating income | 70/76A | €130,328,252 | €127,611,487 | -€2.7m | -2.1% |
| Turnover | 70 | €132,589,239 | €124,697,990 | -€7.9m | -6.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€2,928,652 | €2,074,551 | +€5.0m | |
| Own construction capitalised | 72 | €4,832 | €2,975 | -€1,857 | -38.4% |
| Other operating income | 74 | €623,892 | €827,614 | +€203,722 | +32.7% |
| Non-recurring operating income | 76A | €38,941 | €8,356 | -€30,585 | -78.5% |
| Operating charges | 60/66A | €126,067,709 | €122,999,669 | -€3.1m | -2.4% |
| Goods for resale, raw materials and consumables | 60 | €95,941,531 | €91,167,370 | -€4.8m | -5.0% |
| Purchases | 600/8 | €95,941,531 | €91,167,370 | -€4.8m | -5.0% |
| Services and other goods | 61 | €17,103,396 | €16,536,982 | -€566,414 | -3.3% |
| Remuneration, social security and pensions | 62 | €12,151,209 | €13,318,696 | +€1.2m | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637,243 | €697,637 | +€60,394 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,000 | -€20,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,788 | €266,364 | +€270,151 | |
| Other operating charges | 640/8 | €234,589 | €1,018,823 | +€784,234 | +334% |
| Non-recurring operating charges | 66A | €3,529 | €13,798 | +€10,268 | +291% |
| Operating profit (loss) | 9901 | €4,260,542 | €4,611,817 | +€351,275 | +8.2% |
| Financial income | 75/76B | €754,197 | €247,456 | -€506,741 | -67.2% |
| Recurring financial income | 75 | €754,197 | €247,456 | -€506,741 | -67.2% |
| Income from financial fixed assets | 750 | €26,663 | €30,769 | +€4,106 | +15.4% |
| Income from current assets | 751 | €136,120 | €106,131 | -€29,989 | -22.0% |
| Other financial income | 752/9 | €591,414 | €110,556 | -€480,858 | -81.3% |
| Financial charges | 65/66B | €203,459 | €195,910 | -€7,549 | -3.7% |
| Recurring financial charges | 65 | €203,459 | €195,910 | -€7,549 | -3.7% |
| Debt charges | 650 | €89,084 | €155,438 | +€66,355 | +74.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€55,607 | - | +€55,607 | |
| Other financial charges | 652/9 | €169,982 | €40,472 | -€129,511 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €4,811,280 | €4,663,364 | -€147,917 | -3.1% |
| Income taxes | 67/77 | €1,217,439 | €1,304,028 | +€86,589 | +7.1% |
| Taxes | 670/3 | €1,217,439 | €1,304,028 | +€86,589 | +7.1% |
| Profit (loss) for the period | 9904 | €3,593,842 | €3,359,336 | -€234,506 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,593,842 | €3,359,336 | -€234,506 | -6.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.