VANHAUWOOD CONSTRUCT: what changed
What changed
VANHAUWOOD CONSTRUCT
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€239,289
2024 · €35,922+€203,367
Equity
€307,898
2024 · €68,609+€239,289
Cash
€60,578
2024 · €109,622-€49,044
Balance sheet total
€1.2m
2024 · €969,576+€256,411
Largest movements
Assets
- Receivables within one year +€287,261
up €287,261 (+61.3%), from €468,713 to €755,974
of which Other amounts receivable: +€213,944
- Cash -€49,044
down €49,044 (-44.7%), from €109,622 to €60,578
mainly Receivables within one year (-€287,261) and Investment in fixed assets (net) (-€60,614)
Equity and liabilities
- Reserves +€239,289
up €239,289 (+376%), from €63,609 to €302,898
- Other debts +€69,816
up €69,816 (+55.8%), from €125,168 to €194,984
- Trade debts -€53,864
down €53,864 (-18.0%), from €299,266 to €245,401
Income statement
- Gross operating margin +€248,691
up €248,691 (+52.5%), from €474,057 to €722,748
- Staff costs +€37,696
up €37,696 (+10.3%), from €364,278 to €401,975
- Financial charges +€15,191
up €15,191 (+80.2%), from €18,941 to €34,133
of which Financial charges: +€13,364
- Financial income +€8,466
up €8,466 (+881%), from €961 to €9,427
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
€35,922
Gross operating margin
+€248,691
Staff costs
-€37,696
Depreciation
-€1,678
Other operating charges
+€1,327
Other operating items
-€440
Financial income
+€8,466
Financial charges
-€15,191
Taxes
-€112
Result 2025
€239,289
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
+€12,313
Investment
-€60,614
Financing
-€743
Cash 2024
€109,622
From operations (derived)
+€12,313
Net result for the year
+€239,289
Depreciation
+€53,104
Stocks and contracts
-€5,407
Receivables within one year
-€287,261
Deferred charges and accrued income
-€5,276
Trade debts
-€53,864
Tax, wage and social debts
+€1,913
Other debts
+€69,816
Investment (derived)
-€60,614
Investment in fixed assets (net)
-€60,614
Financing
-€743
Debts after one year
-€4,878
Current portion of long-term debt
+€4,135
Cash 2025
€60,578
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €969,576 | €1,225,986 | +€256,411 | +26.4% |
| Fixed assets | 21/28 | €149,981 | €157,491 | +€7,510 | +5.0% |
| Tangible fixed assets | 22/27 | €149,981 | €155,491 | +€5,510 | +3.7% |
| Land and buildings | 22 | €47,563 | €40,591 | -€6,972 | -14.7% |
| Plant, machinery and equipment | 23 | €2,248 | €1,126 | -€1,122 | -49.9% |
| Furniture and vehicles | 24 | €99,592 | €113,774 | +€14,182 | +14.2% |
| Other tangible fixed assets | 26 | €578 | - | -€578 | |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €819,595 | €1,068,496 | +€248,901 | +30.4% |
| Stocks and contracts in progress | 3 | €230,786 | €236,193 | +€5,407 | +2.3% |
| Stocks | 30/36 | €230,786 | €236,193 | +€5,407 | +2.3% |
| Amounts receivable within one year | 40/41 | €468,713 | €755,974 | +€287,261 | +61.3% |
| Trade receivables | 40 | €226,657 | €299,974 | +€73,317 | +32.3% |
| Other amounts receivable | 41 | €242,056 | €456,000 | +€213,944 | +88.4% |
| Cash at bank and in hand | 54/58 | €109,622 | €60,578 | -€49,044 | -44.7% |
| Deferred charges and accrued income | 490/1 | €10,474 | €15,751 | +€5,276 | +50.4% |
| Total equity and liabilities | 10/49 | €969,576 | €1,225,986 | +€256,411 | +26.4% |
| Equity | 10/15 | €68,609 | €307,898 | +€239,289 | +349% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,609 | €302,898 | +€239,289 | +376% |
| Distributable reserves | 133 | €63,609 | €302,898 | +€239,289 | +376% |
| Amounts payable | 17/49 | €900,967 | €918,089 | +€17,122 | +1.9% |
| Amounts payable after more than one year | 17 | €181,856 | €176,979 | -€4,878 | -2.7% |
| Financial debts | 170/4 | €181,856 | €176,979 | -€4,878 | -2.7% |
| Amounts payable within one year | 42/48 | €719,110 | €741,110 | +€22,000 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €246,118 | €250,253 | +€4,135 | +1.7% |
| Trade debts | 44 | €299,266 | €245,401 | -€53,864 | -18.0% |
| Suppliers | 440/4 | €299,266 | €245,401 | -€53,864 | -18.0% |
| Taxes, remuneration and social security | 45 | €48,559 | €50,472 | +€1,913 | +3.9% |
| Taxes | 450/3 | €3,740 | €19,556 | +€15,816 | +423% |
| Remuneration and social security | 454/9 | €44,819 | €30,916 | -€13,903 | -31.0% |
| Other amounts payable | 47/48 | €125,168 | €194,984 | +€69,816 | +55.8% |
| Remuneration, social security and pensions | 62 | €364,278 | €401,975 | +€37,696 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,426 | €53,104 | +€1,678 | +3.3% |
| Other operating charges | 640/8 | €4,386 | €3,059 | -€1,327 | -30.3% |
| Non-recurring operating charges | 66A | - | €440 | +€440 | |
| Gross operating margin | 9900 | €474,057 | €722,748 | +€248,691 | +52.5% |
| Operating profit (loss) | 9901 | €53,967 | €264,171 | +€210,204 | +390% |
| Financial income | 75/76B | €961 | €9,427 | +€8,466 | +881% |
| Recurring financial income | 75 | €961 | €9,427 | +€8,466 | +881% |
| Financial charges | 65/66B | €18,941 | €34,133 | +€15,191 | +80.2% |
| Recurring financial charges | 65 | €18,941 | €32,305 | +€13,364 | +70.6% |
| Non-recurring financial charges | 66B | - | €1,828 | +€1,828 | |
| Profit (loss) for the period before taxes | 9903 | €35,987 | €239,465 | +€203,478 | +565% |
| Income taxes | 67/77 | €65 | €176 | +€112 | +173% |
| Profit (loss) for the period | 9904 | €35,922 | €239,289 | +€203,367 | +566% |
| Profit (loss) for the period to be appropriated | 9905 | €35,922 | €239,289 | +€203,367 | +566% |
Next steps
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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 4 November 2026 via checked.be.