Vanheusden Construct Team: what changed
Vanheusden Construct Team
Largest movements
- Receivables within one year -€29,386
down €29,386 (-58.2%), from €50,524 to €21,138
of which Trade receivables: -€29,804
- Tangible fixed assets -€24,933
down €24,933 (-21.2%), from €117,758 to €92,825
of which Furniture and vehicles: -€25,963
- Cash +€21,842
up €21,842 (+5.3%), from €410,837 to €432,678
mainly Net result for the year (+€31,315) and Receivables within one year (+€29,386)
- Tax, wage and social debts -€25,660
down €25,660 (-68.7%), from €37,361 to €11,701
- Reserves -€12,149
down €12,149 (-5.2%), from €232,704 to €220,555
- Other debts +€9,889
up €9,889 (+3.5%), from €286,617 to €296,506
- Gross operating margin -€147,919
down €147,919 (-63.4%), from €233,337 to €85,419
- Taxes -€43,821
down €43,821 (-79.0%), from €55,490 to €11,668
- Financial charges -€10,891
down €10,891 (-53.2%), from €20,475 to €9,584
- Depreciation +€6,750
up €6,750 (+30.4%), from €22,205 to €28,955
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €579,619 | €547,940 | -€31,679 | -5.5% |
| Fixed assets | 21/28 | €117,758 | €92,825 | -€24,933 | -21.2% |
| Tangible fixed assets | 22/27 | €117,758 | €92,825 | -€24,933 | -21.2% |
| Plant, machinery and equipment | 23 | €8,640 | €9,670 | +€1,030 | +11.9% |
| Furniture and vehicles | 24 | €109,118 | €83,155 | -€25,963 | -23.8% |
| Current assets | 29/58 | €461,861 | €455,115 | -€6,746 | -1.5% |
| Stocks and contracts in progress | 3 | €500 | €528 | +€28 | +5.6% |
| Stocks | 30/36 | €500 | €528 | +€28 | +5.6% |
| Amounts receivable within one year | 40/41 | €50,524 | €21,138 | -€29,386 | -58.2% |
| Trade receivables | 40 | €49,470 | €19,667 | -€29,804 | -60.2% |
| Other amounts receivable | 41 | €1,054 | €1,472 | +€418 | +39.7% |
| Cash at bank and in hand | 54/58 | €410,837 | €432,678 | +€21,842 | +5.3% |
| Deferred charges and accrued income | 490/1 | €0 | €770 | +€770 | |
| Total equity and liabilities | 10/49 | €579,619 | €547,940 | -€31,679 | -5.5% |
| Equity | 10/15 | €251,304 | €239,155 | -€12,149 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,704 | €220,555 | -€12,149 | -5.2% |
| Distributable reserves | 133 | €232,704 | €220,555 | -€12,149 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €328,315 | €308,785 | -€19,530 | -5.9% |
| Amounts payable within one year | 42/48 | €328,315 | €308,785 | -€19,530 | -5.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,336 | €578 | -€3,759 | -86.7% |
| Suppliers | 440/4 | €4,336 | €578 | -€3,759 | -86.7% |
| Taxes, remuneration and social security | 45 | €37,361 | €11,701 | -€25,660 | -68.7% |
| Taxes | 450/3 | €37,361 | €11,701 | -€25,660 | -68.7% |
| Other amounts payable | 47/48 | €286,617 | €296,506 | +€9,889 | +3.5% |
| Remuneration, social security and pensions | 62 | €214 | €0 | -€214 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,205 | €28,955 | +€6,750 | +30.4% |
| Other operating charges | 640/8 | €2,191 | €1,251 | -€939 | -42.9% |
| Non-recurring operating charges | 66A | - | €2,645 | +€2,645 | |
| Gross operating margin | 9900 | €233,337 | €85,419 | -€147,919 | -63.4% |
| Operating profit (loss) | 9901 | €208,728 | €52,567 | -€156,160 | -74.8% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €20,475 | €9,584 | -€10,891 | -53.2% |
| Recurring financial charges | 65 | €20,475 | €9,584 | -€10,891 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €188,272 | €42,983 | -€145,289 | -77.2% |
| Income taxes | 67/77 | €55,490 | €11,668 | -€43,821 | -79.0% |
| Profit (loss) for the period | 9904 | €132,782 | €31,315 | -€101,468 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,782 | €31,315 | -€101,468 | -76.4% |
Next steps
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 2 November 2026 via checked.be.