VDB GLOBAL CONSTRUCTION: 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.
VDB GLOBAL CONSTRUCTION
Largest movements
- Receivables within one year +€868,306
up €868,306 (+965.3%), from €89,947 to €958,253
of which Trade receivables: +€825,976
- Trade debts +€864,833
up €864,833 (+1795.6%), from €48,164 to €912,997
- Tax, wage and social debts +€12,270
new in 2025: €12,270
- Gross operating margin -€38,496
down €38,496 (-79.0%), from €48,741 to €10,245
- Taxes +€2,547
new in 2025: €2,547
- Financial income +€1,022
up €1,022 (+357.6%), from €286 to €1,307
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 | €98,769 | €974,746 | +€875,978 | +886.9% |
| Current assets | 29/58 | €98,769 | €974,746 | +€875,978 | +886.9% |
| Amounts receivable within one year | 40/41 | €89,947 | €958,253 | +€868,306 | +965.3% |
| Trade receivables | 40 | €71,841 | €897,817 | +€825,976 | +1149.7% |
| Other amounts receivable | 41 | €18,106 | €60,436 | +€42,330 | +233.8% |
| Cash at bank and in hand | 54/58 | €8,821 | €10,586 | +€1,765 | +20.0% |
| Deferred charges and accrued income | 490/1 | - | €5,907 | +€5,907 | |
| Total equity and liabilities | 10/49 | €98,769 | €974,746 | +€875,978 | +886.9% |
| Equity | 10/15 | €50,604 | €49,479 | -€1,125 | -2.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,604 | €47,479 | -€1,125 | -2.3% |
| Amounts payable | 17/49 | €48,164 | €925,267 | +€877,102 | +1821.1% |
| Amounts payable within one year | 42/48 | €48,164 | €925,267 | +€877,102 | +1821.1% |
| Trade debts | 44 | €48,164 | €912,997 | +€864,833 | +1795.6% |
| Suppliers | 440/4 | €48,164 | €912,997 | +€864,833 | +1795.6% |
| Taxes, remuneration and social security | 45 | - | €12,270 | +€12,270 | |
| Taxes | 450/3 | - | €12,270 | +€12,270 | |
| Other operating charges | 640/8 | €413 | - | -€413 | |
| Gross operating margin | 9900 | €48,741 | €10,245 | -€38,496 | -79.0% |
| Operating profit (loss) | 9901 | €48,328 | €10,245 | -€38,083 | -78.8% |
| Financial income | 75/76B | €286 | €1,307 | +€1,022 | +357.6% |
| Recurring financial income | 75 | €286 | €1,307 | +€1,022 | +357.6% |
| Financial charges | 65/66B | €9 | €407 | +€398 | +4387.1% |
| Recurring financial charges | 65 | €9 | €407 | +€398 | +4387.1% |
| Profit (loss) for the period before taxes | 9903 | €48,604 | €11,145 | -€37,459 | -77.1% |
| Income taxes | 67/77 | - | €2,547 | +€2,547 | |
| Profit (loss) for the period | 9904 | €48,604 | €8,597 | -€40,007 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,604 | €8,597 | -€40,007 | -82.3% |
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.