VB Grondwerken: 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.
VB Grondwerken
Largest movements
- Cash -€3,449
down €3,449 (-5.8%), from €59,121 to €55,672
mainly Contributions, distributions and other (-€36,972) and Investment in fixed assets (net) (-€3,321)
- Tangible fixed assets +€3,321
up €3,321 (+434%), from €766 to €4,087
- Receivables within one year -€2,346
down €2,346 (-44.3%), from €5,296 to €2,950
of which Trade receivables: -€2,813
- Reserves -€5,943
down €5,943 (-11.8%), from €50,514 to €44,571
- Tax, wage and social debts +€4,465
up €4,465 (+91.4%), from €4,883 to €9,348
of which Taxes: +€2,479
- Other debts -€1,056
down €1,056 (-26.1%), from €4,043 to €2,987
- Gross operating margin +€7,939
up €7,939 (+24.5%), from €32,405 to €40,344
- Taxes +€2,824
up €2,824 (+48.3%), from €5,850 to €8,674
- Staff costs -€2,532
no longer reported in 2025 (was €2,532)
- Financial charges -€1,051
down €1,051 (-75.8%), from €1,386 to €335
- Depreciation -€767
no longer reported in 2025 (was €767)
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.
Derived cash bridge
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 | €65,376 | €63,338 | -€2,038 | -3.1% |
| Fixed assets | 21/28 | €766 | €4,087 | +€3,321 | +434% |
| Tangible fixed assets | 22/27 | €766 | €4,087 | +€3,321 | +434% |
| Plant, machinery and equipment | 23 | €766 | €4,087 | +€3,321 | +434% |
| Current assets | 29/58 | €64,610 | €59,251 | -€5,359 | -8.3% |
| Amounts receivable within one year | 40/41 | €5,296 | €2,950 | -€2,346 | -44.3% |
| Trade receivables | 40 | €3,933 | €1,120 | -€2,813 | -71.5% |
| Other amounts receivable | 41 | €1,363 | €1,830 | +€467 | +34.3% |
| Cash at bank and in hand | 54/58 | €59,121 | €55,672 | -€3,449 | -5.8% |
| Deferred charges and accrued income | 490/1 | €193 | €629 | +€436 | +226% |
| Total equity and liabilities | 10/49 | €65,376 | €63,338 | -€2,038 | -3.1% |
| Equity | 10/15 | €54,014 | €48,071 | -€5,943 | -11.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €50,514 | €44,571 | -€5,943 | -11.8% |
| Distributable reserves | 133 | €50,514 | €44,571 | -€5,943 | -11.8% |
| Amounts payable | 17/49 | €11,362 | €15,267 | +€3,905 | +34.4% |
| Amounts payable within one year | 42/48 | €11,362 | €15,267 | +€3,905 | +34.4% |
| Trade debts | 44 | €2,436 | €2,932 | +€496 | +20.4% |
| Suppliers | 440/4 | €2,436 | €2,932 | +€496 | +20.4% |
| Taxes, remuneration and social security | 45 | €4,883 | €9,348 | +€4,465 | +91.4% |
| Taxes | 450/3 | €2,256 | €4,735 | +€2,479 | +110% |
| Remuneration and social security | 454/9 | €2,627 | €4,613 | +€1,986 | +75.6% |
| Other amounts payable | 47/48 | €4,043 | €2,987 | -€1,056 | -26.1% |
| Remuneration, social security and pensions | 62 | €2,532 | - | -€2,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | - | -€767 | |
| Other operating charges | 640/8 | €298 | €306 | +€8 | +2.7% |
| Gross operating margin | 9900 | €32,405 | €40,344 | +€7,939 | +24.5% |
| Operating profit (loss) | 9901 | €28,808 | €40,038 | +€11,230 | +39.0% |
| Financial charges | 65/66B | €1,386 | €335 | -€1,051 | -75.8% |
| Recurring financial charges | 65 | €1,386 | €335 | -€1,051 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €27,422 | €39,703 | +€12,281 | +44.8% |
| Income taxes | 67/77 | €5,850 | €8,674 | +€2,824 | +48.3% |
| Profit (loss) for the period | 9904 | €21,572 | €31,029 | +€9,457 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,572 | €31,029 | +€9,457 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.