VDA-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.
VDA-BOUW
Largest movements
- Receivables within one year -€12,557
down €12,557 (-79.5%), from €15,802 to €3,245
of which Trade receivables: -€12,557
- Stocks and contracts -€10,500
down €10,500 (-46.7%), from €22,500 to €12,000
- Cash +€9,846
up €9,846 (+1,310%), from €751 to €10,598
mainly Net result for the year (+€28,013) and Receivables within one year (+€12,557)
- Deferred charges and accrued income +€4,962
up €4,962 (+547%), from €907 to €5,869
- Tangible fixed assets +€2,606
up €2,606 (+51.0%), from €5,110 to €7,716
of which Furniture and vehicles: +€5,194
- Trade debts -€36,304
down €36,304 (-50.9%), from €71,377 to €35,073
- Profit (loss) carried forward +€28,013
up €28,013 (+25.4%), from -€110,156 to -€82,143
- Tax, wage and social debts +€3,641
up €3,641 (+32.7%), from €11,151 to €14,793
of which Taxes: +€5,607
- Other debts -€992
down €992 (-1.8%), from €55,767 to €54,774
- Gross operating margin +€30,392
up €30,392 (+133%), from €22,831 to €53,223
- Staff costs +€11,093
new in 2025: €11,093
- Other operating charges -€6,899
down €6,899 (-48.6%), from €14,193 to €7,293
- Depreciation +€716
up €716 (+23.8%), from €3,013 to €3,728
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 | €45,071 | €39,428 | -€5,643 | -12.5% |
| Fixed assets | 21/28 | €5,110 | €7,716 | +€2,606 | +51.0% |
| Tangible fixed assets | 22/27 | €5,110 | €7,716 | +€2,606 | +51.0% |
| Plant, machinery and equipment | 23 | €5,110 | €2,522 | -€2,588 | -50.6% |
| Furniture and vehicles | 24 | €0 | €5,194 | +€5,194 | |
| Current assets | 29/58 | €39,961 | €31,712 | -€8,249 | -20.6% |
| Stocks and contracts in progress | 3 | €22,500 | €12,000 | -€10,500 | -46.7% |
| Contracts in progress | 37 | €22,500 | €12,000 | -€10,500 | -46.7% |
| Amounts receivable within one year | 40/41 | €15,802 | €3,245 | -€12,557 | -79.5% |
| Trade receivables | 40 | €15,802 | €3,245 | -€12,557 | -79.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €751 | €10,598 | +€9,846 | +1,310% |
| Deferred charges and accrued income | 490/1 | €907 | €5,869 | +€4,962 | +547% |
| Total equity and liabilities | 10/49 | €45,071 | €39,428 | -€5,643 | -12.5% |
| Equity | 10/15 | -€93,224 | -€65,211 | +€28,013 | +30.0% |
| Contributions | 10/11 | €6,734 | €6,734 | = | 0.0% |
| Reserves | 13 | €10,198 | €10,198 | = | 0.0% |
| Distributable reserves | 133 | €10,198 | €10,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,156 | -€82,143 | +€28,013 | +25.4% |
| Amounts payable | 17/49 | €138,295 | €104,640 | -€33,656 | -24.3% |
| Amounts payable within one year | 42/48 | €138,295 | €104,640 | -€33,656 | -24.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €71,377 | €35,073 | -€36,304 | -50.9% |
| Suppliers | 440/4 | €71,377 | €35,073 | -€36,304 | -50.9% |
| Taxes, remuneration and social security | 45 | €11,151 | €14,793 | +€3,641 | +32.7% |
| Taxes | 450/3 | €4,651 | €10,258 | +€5,607 | +121% |
| Remuneration and social security | 454/9 | €6,500 | €4,534 | -€1,966 | -30.2% |
| Other amounts payable | 47/48 | €55,767 | €54,774 | -€992 | -1.8% |
| Remuneration, social security and pensions | 62 | - | €11,093 | +€11,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,013 | €3,728 | +€716 | +23.8% |
| Other operating charges | 640/8 | €14,193 | €7,293 | -€6,899 | -48.6% |
| Gross operating margin | 9900 | €22,831 | €53,223 | +€30,392 | +133% |
| Operating profit (loss) | 9901 | €5,626 | €31,108 | +€25,482 | +453% |
| Financial income | 75/76B | €25 | €1 | -€24 | -95.8% |
| Recurring financial income | 75 | €25 | €1 | -€24 | -95.8% |
| Financial charges | 65/66B | €3,423 | €3,097 | -€326 | -9.5% |
| Recurring financial charges | 65 | €3,423 | €3,097 | -€326 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €2,229 | €28,013 | +€25,784 | +1,157% |
| Profit (loss) for the period | 9904 | €2,229 | €28,013 | +€25,784 | +1,157% |
| Profit (loss) for the period to be appropriated | 9905 | €2,229 | €28,013 | +€25,784 | +1,157% |
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 16 October 2026 via checked.be.