VBA CONSTRUCT: 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.
VBA CONSTRUCT
Largest movements
- Tangible fixed assets +€5,883
up €5,883 (+223.0%), from €2,639 to €8,522
- Cash -€2,080
down €2,080 (-100.0%), from €2,080 to €0
mainly Net result for the year (-€19,201) and Investment in fixed assets (net) (-€8,800)
- Receivables within one year +€1,761
up €1,761, from €0 to €1,761
- Deferred charges and accrued income +€359
up €359, from €0 to €359
- Tax, wage and social debts +€21,734
up €21,734 (+687.7%), from €3,160 to €24,895
of which Taxes: +€13,860
- Profit (loss) carried forward -€19,201
down €19,201 (-413.1%), from -€4,648 to -€23,849
- Trade debts +€2,714
up €2,714 (+134.0%), from €2,025 to €4,739
of which Suppliers: +€3,092
- Other debts +€950
up €950 (+26.5%), from €3,583 to €4,533
- Accrued charges and deferred income -€278
no longer reported in 2025 (was €278)
- Gross operating margin -€11,884
down €11,884 (-343.1%), from -€3,463 to -€15,347
- Depreciation +€2,655
up €2,655 (+1015.5%), from €261 to €2,917
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 | €4,899 | €10,822 | +€5,923 | +120.9% |
| Fixed assets | 21/28 | €2,819 | €8,702 | +€5,883 | +208.7% |
| Tangible fixed assets | 22/27 | €2,639 | €8,522 | +€5,883 | +223.0% |
| Furniture and vehicles | 24 | €2,639 | €8,522 | +€5,883 | +223.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €2,080 | €2,120 | +€40 | +1.9% |
| Amounts receivable within one year | 40/41 | €0 | €1,761 | +€1,761 | |
| Trade receivables | 40 | €0 | €1,761 | +€1,761 | |
| Cash at bank and in hand | 54/58 | €2,080 | €0 | -€2,080 | -100.0% |
| Deferred charges and accrued income | 490/1 | €0 | €359 | +€359 | |
| Total equity and liabilities | 10/49 | €4,899 | €10,822 | +€5,923 | +120.9% |
| Equity | 10/15 | -€4,148 | -€23,349 | -€19,201 | -462.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Share premium | 1100/10 | €500 | - | -€500 | |
| Other | 1109/19 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | -€4,648 | -€23,849 | -€19,201 | -413.1% |
| Amounts payable | 17/49 | €9,047 | €34,171 | +€25,124 | +277.7% |
| Amounts payable within one year | 42/48 | €8,769 | €34,171 | +€25,402 | +289.7% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €2,025 | €4,739 | +€2,714 | +134.0% |
| Suppliers | 440/4 | €1,647 | €4,739 | +€3,092 | +187.7% |
| Bills of exchange payable | 441 | €378 | - | -€378 | |
| Taxes, remuneration and social security | 45 | €3,160 | €24,895 | +€21,734 | +687.7% |
| Taxes | 450/3 | €3,160 | €17,020 | +€13,860 | +438.5% |
| Remuneration and social security | 454/9 | - | €7,874 | +€7,874 | |
| Other amounts payable | 47/48 | €3,583 | €4,533 | +€950 | +26.5% |
| Accrued charges and deferred income | 492/3 | €278 | - | -€278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261 | €2,917 | +€2,655 | +1015.5% |
| Other operating charges | 640/8 | €905 | €868 | -€37 | -4.1% |
| Gross operating margin | 9900 | -€3,463 | -€15,347 | -€11,884 | -343.1% |
| Operating profit (loss) | 9901 | -€4,630 | -€19,132 | -€14,502 | -313.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €18 | €72 | +€54 | +297.5% |
| Recurring financial charges | 65 | €18 | €72 | +€54 | +297.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,648 | -€19,201 | -€14,553 | -313.1% |
| Profit (loss) for the period | 9904 | -€4,648 | -€19,201 | -€14,553 | -313.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,648 | -€19,201 | -€14,553 | -313.1% |
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 10 October 2026 via checked.be.