VANTORRE 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.
VANTORRE CONSTRUCT
Largest movements
- Cash -€6,690
down €6,690 (-79.0%), from €8,465 to €1,775
mainly Current portion of long-term debt (-€22,517) and Net result for the year (-€11,111)
- Tangible fixed assets -€5,076
down €5,076 (-3.4%), from €147,377 to €142,301
of which Land and buildings: -€2,723
- Stocks and contracts +€2,564
up €2,564 (+51.3%), from €5,000 to €7,564
- Other debts +€36,367
up €36,367 (+32.9%), from €110,618 to €146,985
- Current portion of long-term debt -€22,517
down €22,517 (-100.0%), from €22,517 to €0
- Profit (loss) carried forward -€11,111
down €11,111 (-14.6%), from -€76,002 to -€87,113
- Debts after one year -€7,600
down €7,600 (-100.0%), from €7,600 to €0
- Trade debts -€3,325
down €3,325 (-49.3%), from €6,747 to €3,422
- Gross operating margin +€78,926
up €78,926, from -€73,398 to €5,528
- Other operating charges -€5,760
down €5,760 (-67.7%), from €8,505 to €2,745
- Depreciation -€4,308
down €4,308 (-33.0%), from €13,045 to €8,737
- Financial charges -€2,262
down €2,262 (-31.8%), from €7,123 to €4,861
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,704 | €158,465 | -€9,239 | -5.5% |
| Fixed assets | 21/28 | €147,377 | €142,301 | -€5,076 | -3.4% |
| Tangible fixed assets | 22/27 | €147,377 | €142,301 | -€5,076 | -3.4% |
| Land and buildings | 22 | €141,972 | €139,249 | -€2,723 | -1.9% |
| Furniture and vehicles | 24 | €5,405 | €3,052 | -€2,353 | -43.5% |
| Current assets | 29/58 | €20,326 | €16,164 | -€4,162 | -20.5% |
| Stocks and contracts in progress | 3 | €5,000 | €7,564 | +€2,564 | +51.3% |
| Contracts in progress | 37 | €5,000 | €7,564 | +€2,564 | +51.3% |
| Amounts receivable within one year | 40/41 | €3,462 | €4,477 | +€1,015 | +29.3% |
| Trade receivables | 40 | €0 | €631 | +€631 | |
| Other amounts receivable | 41 | €3,462 | €3,846 | +€384 | +11.1% |
| Cash at bank and in hand | 54/58 | €8,465 | €1,775 | -€6,690 | -79.0% |
| Deferred charges and accrued income | 490/1 | €3,400 | €2,349 | -€1,051 | -30.9% |
| Total equity and liabilities | 10/49 | €167,704 | €158,465 | -€9,239 | -5.5% |
| Equity | 10/15 | €18,861 | €7,749 | -€11,111 | -58.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €75,863 | €75,863 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €73,963 | €73,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,002 | -€87,113 | -€11,111 | -14.6% |
| Amounts payable | 17/49 | €148,843 | €150,716 | +€1,873 | +1.3% |
| Amounts payable after more than one year | 17 | €7,600 | €0 | -€7,600 | -100.0% |
| Financial debts | 170/4 | €7,600 | €0 | -€7,600 | -100.0% |
| Amounts payable within one year | 42/48 | €140,886 | €150,716 | +€9,829 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €22,517 | €0 | -€22,517 | -100.0% |
| Trade debts | 44 | €6,747 | €3,422 | -€3,325 | -49.3% |
| Suppliers | 440/4 | €6,747 | €3,422 | -€3,325 | -49.3% |
| Taxes, remuneration and social security | 45 | €1,004 | €308 | -€696 | -69.3% |
| Taxes | 450/3 | €1,004 | €308 | -€696 | -69.3% |
| Other amounts payable | 47/48 | €110,618 | €146,985 | +€36,367 | +32.9% |
| Accrued charges and deferred income | 492/3 | €356 | €0 | -€356 | -100.0% |
| Non-recurring operating income | 76A | €100 | €30,900 | +€30,800 | +30800.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,045 | €8,737 | -€4,308 | -33.0% |
| Other operating charges | 640/8 | €8,505 | €2,745 | -€5,760 | -67.7% |
| Gross operating margin | 9900 | -€73,398 | €5,528 | +€78,926 | |
| Operating profit (loss) | 9901 | -€94,948 | -€5,953 | +€88,995 | +93.7% |
| Financial income | 75/76B | €1 | €11 | +€10 | +994.2% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +994.2% |
| Financial charges | 65/66B | €7,123 | €4,861 | -€2,262 | -31.8% |
| Recurring financial charges | 65 | €7,123 | €4,861 | -€2,262 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€102,069 | -€10,803 | +€91,266 | +89.4% |
| Income taxes | 67/77 | €454 | €308 | -€146 | -32.1% |
| Profit (loss) for the period | 9904 | -€102,524 | -€11,111 | +€91,413 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,524 | -€11,111 | +€91,413 | +89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.