VBT BOUW: 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.
VBT BOUW
Largest movements
- Receivables within one year +€557,114
up €557,114 (+33,335%), from €1,671 to €558,786
of which Trade receivables: +€555,720
- Stocks and contracts +€451,603
up €451,603 (+45.0%), from €1.0m to €1.5m
- Cash +€60,642
up €60,642 (+3,690%), from €1,643 to €62,286
mainly Trade debts (+€342,134) and Advances received (+€283,337)
- Trade debts +€342,134
up €342,134 (+9,517%), from €3,595 to €345,729
- Advances received +€283,337
new in 2025: €283,337
- Debts after one year +€274,244
up €274,244 (+89.0%), from €308,000 to €582,244
- Other debts +€145,248
up €145,248 (+50.5%), from €287,836 to €433,083
- Short-term financial debts +€24,467
up €24,467 (+32.7%), from €74,882 to €99,349
- Other operating charges +€3,731
up €3,731 (+3,244%), from €115 to €3,846
- Financial charges +€2,591
up €2,591 (+27.2%), from €9,524 to €12,115
- Gross operating margin -€2,149
down €2,149 (-9.2%), from €23,259 to €21,110
- Taxes -€2,126
down €2,126 (-65.4%), from €3,251 to €1,125
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 | €1,014,541 | €2,084,307 | +€1.1m | +105% |
| Fixed assets | 21/28 | €7,500 | €7,500 | = | 0.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €1,007,041 | €2,076,807 | +€1.1m | +106% |
| Stocks and contracts in progress | 3 | €1,003,726 | €1,455,329 | +€451,603 | +45.0% |
| Stocks | 30/36 | €1,003,726 | €1,455,329 | +€451,603 | +45.0% |
| Amounts receivable within one year | 40/41 | €1,671 | €558,786 | +€557,114 | +33,335% |
| Trade receivables | 40 | - | €555,720 | +€555,720 | |
| Other amounts receivable | 41 | €1,671 | €3,066 | +€1,394 | +83.4% |
| Cash at bank and in hand | 54/58 | €1,643 | €62,286 | +€60,642 | +3,690% |
| Deferred charges and accrued income | 490/1 | - | €407 | +€407 | |
| Total equity and liabilities | 10/49 | €1,014,541 | €2,084,307 | +€1.1m | +105% |
| Equity | 10/15 | €19,674 | €23,699 | +€4,024 | +20.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,674 | €13,699 | +€4,024 | +41.6% |
| Amounts payable | 17/49 | €994,866 | €2,060,608 | +€1.1m | +107% |
| Amounts payable after more than one year | 17 | €308,000 | €582,244 | +€274,244 | +89.0% |
| Financial debts | 170/4 | €308,000 | €582,244 | +€274,244 | +89.0% |
| Amounts payable within one year | 42/48 | €685,286 | €1,478,364 | +€793,078 | +116% |
| Current portion of amounts payable after more than one year | 42 | €315,742 | €315,742 | = | 0.0% |
| Financial debts | 43 | €74,882 | €99,349 | +€24,467 | +32.7% |
| Credit institutions | 430/8 | €74,882 | €99,349 | +€24,467 | +32.7% |
| Trade debts | 44 | €3,595 | €345,729 | +€342,134 | +9,517% |
| Suppliers | 440/4 | €3,595 | €345,729 | +€342,134 | +9,517% |
| Advances received on contracts in progress | 46 | - | €283,337 | +€283,337 | |
| Taxes, remuneration and social security | 45 | €3,232 | €1,125 | -€2,107 | -65.2% |
| Taxes | 450/3 | €3,232 | €1,125 | -€2,107 | -65.2% |
| Other amounts payable | 47/48 | €287,836 | €433,083 | +€145,248 | +50.5% |
| Accrued charges and deferred income | 492/3 | €1,580 | - | -€1,580 | |
| Other operating charges | 640/8 | €115 | €3,846 | +€3,731 | +3,244% |
| Gross operating margin | 9900 | €23,259 | €21,110 | -€2,149 | -9.2% |
| Operating profit (loss) | 9901 | €23,144 | €17,264 | -€5,880 | -25.4% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €9,524 | €12,115 | +€2,591 | +27.2% |
| Recurring financial charges | 65 | €9,524 | €12,115 | +€2,591 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €13,661 | €5,149 | -€8,511 | -62.3% |
| Income taxes | 67/77 | €3,251 | €1,125 | -€2,126 | -65.4% |
| Profit (loss) for the period | 9904 | €10,410 | €4,024 | -€6,386 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,410 | €4,024 | -€6,386 | -61.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.