VDA CONSTRUCT: what changed
Two fiscal 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 CONSTRUCT
Largest movements
- Receivables within one year +€24,443
up €24,443 (+2.6%), from €941,595 to €966,038
- Reserves +€38,699
up €38,699 (+5.9%), from €660,175 to €698,874
of which Distributable reserves: +€38,699
- Trade debts -€35,372
down €35,372 (-91.8%), from €38,552 to €3,180
- Tax, wage and social debts +€19,460
up €19,460 (+145.7%), from €13,355 to €32,815
- Financial income +€19,743
up €19,743 (+45.4%), from €43,456 to €63,200
- Taxes +€6,104
up €6,104 (+45.7%), from €13,355 to €19,460
- Gross operating margin -€1,802
down €1,802 (-112.4%), from -€1,603 to -€3,405
- Financial charges -€1,108
down €1,108 (-63.5%), from €1,745 to €637
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 | €941,948 | €966,425 | +€24,477 | +2.6% |
| Current assets | 29/58 | €941,948 | €966,425 | +€24,477 | +2.6% |
| Amounts receivable within one year | 40/41 | €941,595 | €966,038 | +€24,443 | +2.6% |
| Other amounts receivable | 41 | €941,595 | €966,038 | +€24,443 | +2.6% |
| Cash at bank and in hand | 54/58 | €352 | €387 | +€34 | +9.7% |
| Total equity and liabilities | 10/49 | €941,948 | €966,425 | +€24,477 | +2.6% |
| Equity | 10/15 | €721,675 | €760,374 | +€38,699 | +5.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €660,175 | €698,874 | +€38,699 | +5.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €654,025 | €692,724 | +€38,699 | +5.9% |
| Amounts payable | 17/49 | €220,273 | €206,050 | -€14,223 | -6.5% |
| Amounts payable within one year | 42/48 | €220,273 | €206,050 | -€14,223 | -6.5% |
| Trade debts | 44 | €38,552 | €3,180 | -€35,372 | -91.8% |
| Suppliers | 440/4 | €38,552 | €3,180 | -€35,372 | -91.8% |
| Taxes, remuneration and social security | 45 | €13,355 | €32,815 | +€19,460 | +145.7% |
| Taxes | 450/3 | €13,355 | €32,815 | +€19,460 | +145.7% |
| Other amounts payable | 47/48 | €168,365 | €170,055 | +€1,690 | +1.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€1,603 | -€3,405 | -€1,802 | -112.4% |
| Operating profit (loss) | 9901 | -€2,571 | -€4,403 | -€1,833 | -71.3% |
| Financial income | 75/76B | €43,456 | €63,200 | +€19,743 | +45.4% |
| Recurring financial income | 75 | €43,456 | €63,200 | +€19,743 | +45.4% |
| Financial charges | 65/66B | €1,745 | €637 | -€1,108 | -63.5% |
| Recurring financial charges | 65 | €1,745 | €637 | -€1,108 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €39,141 | €58,159 | +€19,018 | +48.6% |
| Income taxes | 67/77 | €13,355 | €19,460 | +€6,104 | +45.7% |
| Profit (loss) for the period | 9904 | €25,785 | €38,699 | +€12,914 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,785 | €38,699 | +€12,914 | +50.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.