Vatan Construction: what changed
Two financial 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.
Vatan Construction
Largest movements
- Receivables within one year -€18,251
down €18,251 (-45.0%), from €40,525 to €22,274
of which Trade receivables: -€23,374
- Cash -€9,662
down €9,662 (-52.8%), from €18,304 to €8,642
mainly Advances received (-€23,374) and Debts after one year (-€7,385)
- Tangible fixed assets -€5,507
down €5,507 (-12.4%), from €44,491 to €38,985
of which Plant, machinery and equipment: -€4,515
- Advances received -€23,374
no longer reported in 2025 (was €23,374)
- Debts after one year -€7,385
down €7,385 (-28.0%), from €26,418 to €19,033
- Trade debts -€5,937
down €5,937 (-69.3%), from €8,571 to €2,634
- Profit (loss) carried forward +€4,170
up €4,170 (+15.2%), from €27,498 to €31,669
- Gross operating margin -€13,671
down €13,671 (-52.4%), from €26,086 to €12,415
- Taxes -€3,758
down €3,758 (-78.3%), from €4,800 to €1,043
- Other operating charges -€1,373
down €1,373 (-90.3%), from €1,520 to €147
- Depreciation +€764
up €764 (+16.1%), from €4,743 to €5,507
- Financial income -€672
down €672 (-99.9%), from €672 to €0
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 | €104,161 | €70,741 | -€33,420 | -32.1% |
| Fixed assets | 21/28 | €45,331 | €39,825 | -€5,507 | -12.1% |
| Tangible fixed assets | 22/27 | €44,491 | €38,985 | -€5,507 | -12.4% |
| Plant, machinery and equipment | 23 | €41,122 | €36,607 | -€4,515 | -11.0% |
| Furniture and vehicles | 24 | €3,369 | €2,377 | -€992 | -29.4% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €58,830 | €30,916 | -€27,913 | -47.4% |
| Amounts receivable within one year | 40/41 | €40,525 | €22,274 | -€18,251 | -45.0% |
| Trade receivables | 40 | €29,178 | €5,804 | -€23,374 | -80.1% |
| Other amounts receivable | 41 | €11,348 | €16,470 | +€5,122 | +45.1% |
| Cash at bank and in hand | 54/58 | €18,304 | €8,642 | -€9,662 | -52.8% |
| Total equity and liabilities | 10/49 | €104,161 | €70,741 | -€33,420 | -32.1% |
| Equity | 10/15 | €39,998 | €44,169 | +€4,170 | +10.4% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,498 | €31,669 | +€4,170 | +15.2% |
| Amounts payable | 17/49 | €64,163 | €26,572 | -€37,590 | -58.6% |
| Amounts payable after more than one year | 17 | €26,418 | €19,033 | -€7,385 | -28.0% |
| Financial debts | 170/4 | €26,418 | €19,033 | -€7,385 | -28.0% |
| Amounts payable within one year | 42/48 | €37,745 | €7,539 | -€30,206 | -80.0% |
| Trade debts | 44 | €8,571 | €2,634 | -€5,937 | -69.3% |
| Suppliers | 440/4 | €8,571 | €2,634 | -€5,937 | -69.3% |
| Advances received on contracts in progress | 46 | €23,374 | - | -€23,374 | |
| Taxes, remuneration and social security | 45 | €5,801 | €4,905 | -€895 | -15.4% |
| Taxes | 450/3 | €5,801 | €4,905 | -€895 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,743 | €5,507 | +€764 | +16.1% |
| Other operating charges | 640/8 | €1,520 | €147 | -€1,373 | -90.3% |
| Gross operating margin | 9900 | €26,086 | €12,415 | -€13,671 | -52.4% |
| Operating profit (loss) | 9901 | €19,823 | €6,761 | -€13,062 | -65.9% |
| Financial income | 75/76B | €672 | €0 | -€672 | -99.9% |
| Recurring financial income | 75 | €672 | €0 | -€672 | -99.9% |
| Financial charges | 65/66B | €2,156 | €1,548 | -€608 | -28.2% |
| Recurring financial charges | 65 | €2,156 | €1,548 | -€608 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €18,339 | €5,213 | -€13,126 | -71.6% |
| Income taxes | 67/77 | €4,800 | €1,043 | -€3,758 | -78.3% |
| Profit (loss) for the period | 9904 | €13,538 | €4,171 | -€9,368 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,538 | €4,171 | -€9,368 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.