VBK 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.
VBK CONSTRUCT
Largest movements
- Receivables within one year +€10
up €10 (+17.8%), from €58 to €68
- Cash -€2
no longer reported in 2025 (was €2)
mainly Other debts (-€1,069) and Receivables within one year (-€10)
- Other debts -€1,069
down €1,069 (-17.6%), from €6,077 to €5,008
- Accrued charges and deferred income +€438
up €438 (+551.6%), from €79 to €517
- Profit (loss) carried forward +€429
up €429 (+3.0%), from -€14,221 to -€13,793
- Tax, wage and social debts +€143
up €143 (+219.2%), from €65 to €208
- Trade debts +€45
new in 2025: €45
- Gross operating margin +€2,692
up €2,692, from -€1,387 to €1,305
- Financial charges +€176
up €176 (+111.6%), from €158 to €334
- Taxes +€143
new in 2025: €143
- Financial income -€24
no longer reported in 2025 (was €24)
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 | €60 | €68 | +€8 | +13.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €60 | €68 | +€8 | +13.7% |
| Amounts receivable within one year | 40/41 | €58 | €68 | +€10 | +17.8% |
| Other amounts receivable | 41 | €58 | €68 | +€10 | +17.8% |
| Cash at bank and in hand | 54/58 | €2 | - | -€2 | |
| Total equity and liabilities | 10/49 | €60 | €68 | +€8 | +13.7% |
| Equity | 10/15 | -€6,161 | -€5,733 | +€429 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,221 | -€13,793 | +€429 | +3.0% |
| Amounts payable | 17/49 | €6,221 | €5,800 | -€421 | -6.8% |
| Amounts payable within one year | 42/48 | €6,142 | €5,283 | -€858 | -14.0% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | - | €45 | +€45 | |
| Suppliers | 440/4 | - | €45 | +€45 | |
| Taxes, remuneration and social security | 45 | €65 | €208 | +€143 | +219.2% |
| Taxes | 450/3 | €65 | €208 | +€143 | +219.2% |
| Other amounts payable | 47/48 | €6,077 | €5,008 | -€1,069 | -17.6% |
| Accrued charges and deferred income | 492/3 | €79 | €517 | +€438 | +551.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €267 | - | -€267 | |
| Gross operating margin | 9900 | -€1,387 | €1,305 | +€2,692 | |
| Operating profit (loss) | 9901 | -€2,041 | €906 | +€2,946 | |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €158 | €334 | +€176 | +111.6% |
| Recurring financial charges | 65 | €158 | €334 | +€176 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,174 | €572 | +€2,746 | |
| Income taxes | 67/77 | - | €143 | +€143 | |
| Profit (loss) for the period | 9904 | -€2,174 | €429 | +€2,603 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,174 | €429 | +€2,603 |
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 11 October 2026 via checked.be.