VANDERVEKEN 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.
VANDERVEKEN CONSTRUCT
Largest movements
- Cash -€43,969
down €43,969 (-80.5%), from €54,606 to €10,637
mainly Trade debts (-€40,785) and Debts after one year (-€26,833)
- Tangible fixed assets -€12,766
down €12,766 (-48.3%), from €26,413 to €13,647
of which Leasing and similar rights: -€13,146
- Receivables within one year -€11,384
down €11,384 (-17.6%), from €64,835 to €53,451
of which Trade receivables: -€22,888
- Trade debts -€40,785
down €40,785 (-85.6%), from €47,645 to €6,860
- Debts after one year -€26,833
down €26,833 (-91.3%), from €29,392 to €2,559
- Current portion of long-term debt +€11,077
new in 2024: €11,077
- Tax, wage and social debts -€10,636
down €10,636 (-39.4%), from €27,002 to €16,366
of which Remuneration and social security: -€14,038
- Accrued charges and deferred income -€2,386
no longer reported in 2024 (was €2,386)
- Gross operating margin -€43,442
down €43,442 (-81.4%), from €53,397 to €9,955
- Taxes -€9,313
down €9,313 (-73.5%), from €12,672 to €3,359
- Purchases and services -€4,695
down €4,695 (-2.0%), from €231,895 to €227,200
- Depreciation +€1,197
up €1,197 (+40.2%), from €2,979 to €4,176
- Staff costs -€969
down €969 (-58.8%), from €1,647 to €678
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,113 | €78,454 | -€68,659 | -46.7% |
| Fixed assets | 21/28 | €26,413 | €13,647 | -€12,766 | -48.3% |
| Tangible fixed assets | 22/27 | €26,413 | €13,647 | -€12,766 | -48.3% |
| Furniture and vehicles | 24 | - | €380 | +€380 | |
| Leasing and similar rights | 25 | €26,413 | €13,267 | -€13,146 | -49.8% |
| Current assets | 29/58 | €120,700 | €64,807 | -€55,893 | -46.3% |
| Amounts receivable within one year | 40/41 | €64,835 | €53,451 | -€11,384 | -17.6% |
| Trade receivables | 40 | €38,950 | €16,062 | -€22,888 | -58.8% |
| Other amounts receivable | 41 | €25,885 | €37,389 | +€11,504 | +44.4% |
| Cash at bank and in hand | 54/58 | €54,606 | €10,637 | -€43,969 | -80.5% |
| Deferred charges and accrued income | 490/1 | €1,259 | €719 | -€540 | -42.9% |
| Total equity and liabilities | 10/49 | €147,113 | €78,454 | -€68,659 | -46.7% |
| Equity | 10/15 | €40,688 | €41,592 | +€904 | +2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,688 | €6,592 | +€904 | +15.9% |
| Amounts payable | 17/49 | €106,425 | €36,862 | -€69,563 | -65.4% |
| Amounts payable after more than one year | 17 | €29,392 | €2,559 | -€26,833 | -91.3% |
| Financial debts | 170/4 | €29,392 | €2,559 | -€26,833 | -91.3% |
| Amounts payable within one year | 42/48 | €74,647 | €34,303 | -€40,344 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €11,077 | +€11,077 | |
| Trade debts | 44 | €47,645 | €6,860 | -€40,785 | -85.6% |
| Suppliers | 440/4 | €47,645 | €6,860 | -€40,785 | -85.6% |
| Taxes, remuneration and social security | 45 | €27,002 | €16,366 | -€10,636 | -39.4% |
| Taxes | 450/3 | €12,672 | €16,074 | +€3,402 | +26.8% |
| Remuneration and social security | 454/9 | €14,330 | €292 | -€14,038 | -98.0% |
| Accrued charges and deferred income | 492/3 | €2,386 | - | -€2,386 | |
| Goods, raw materials, services and sundry goods | 60/61 | €231,895 | €227,200 | -€4,695 | -2.0% |
| Remuneration, social security and pensions | 62 | €1,647 | €678 | -€969 | -58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,979 | €4,176 | +€1,197 | +40.2% |
| Other operating charges | 640/8 | €90 | €33 | -€57 | -63.3% |
| Gross operating margin | 9900 | €53,397 | €9,955 | -€43,442 | -81.4% |
| Operating profit (loss) | 9901 | €48,681 | €5,068 | -€43,613 | -89.6% |
| Financial charges | 65/66B | €321 | €805 | +€484 | +150.8% |
| Recurring financial charges | 65 | €321 | €805 | +€484 | +150.8% |
| Profit (loss) for the period before taxes | 9903 | €48,360 | €4,263 | -€44,097 | -91.2% |
| Income taxes | 67/77 | €12,672 | €3,359 | -€9,313 | -73.5% |
| Profit (loss) for the period | 9904 | €35,688 | €904 | -€34,784 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,688 | €904 | -€34,784 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.