VDDconstruct: 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.
VDDconstruct
Largest movements
- Tangible fixed assets +€132,083
up €132,083 (+429.3%), from €30,770 to €162,853
of which Furniture and vehicles: +€133,916
- Cash -€21,640
down €21,640 (-39.1%), from €55,416 to €33,776
mainly Investment in fixed assets (net) (-€148,545) and Tax, wage and social debts (-€22,513)
- Receivables within one year +€7,014
up €7,014 (+10.7%), from €65,549 to €72,563
of which Other amounts receivable: +€5,440
- Debts after one year +€69,342
up €69,342 (+669.9%), from €10,352 to €79,693
- Profit (loss) carried forward +€64,803
up €64,803 (+68.9%), from €93,988 to €158,791
- Tax, wage and social debts -€22,513
down €22,513 (-81.6%), from €27,599 to €5,086
- Current portion of long-term debt +€17,141
up €17,141 (+342.3%), from €5,008 to €22,149
- Trade debts -€9,555
down €9,555 (-77.4%), from €12,342 to €2,788
- Gross operating margin -€21,228
down €21,228 (-15.3%), from €138,493 to €117,265
- Depreciation +€4,196
up €4,196 (+34.4%), from €12,191 to €16,387
- Taxes +€2,197
up €2,197 (+9.2%), from €24,000 to €26,197
- Financial charges +€1,562
up €1,562 (+109.4%), from €1,427 to €2,989
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 | €152,041 | €270,107 | +€118,065 | +77.7% |
| Fixed assets | 21/28 | €30,774 | €162,932 | +€132,158 | +429.4% |
| Tangible fixed assets | 22/27 | €30,770 | €162,853 | +€132,083 | +429.3% |
| Plant, machinery and equipment | 23 | €14,954 | €13,120 | -€1,833 | -12.3% |
| Furniture and vehicles | 24 | €15,816 | €149,732 | +€133,916 | +846.7% |
| Financial fixed assets | 28 | €5 | €80 | +€75 | +1666.7% |
| Current assets | 29/58 | €121,267 | €107,175 | -€14,093 | -11.6% |
| Amounts receivable within one year | 40/41 | €65,549 | €72,563 | +€7,014 | +10.7% |
| Trade receivables | 40 | - | €1,574 | +€1,574 | |
| Other amounts receivable | 41 | €65,549 | €70,989 | +€5,440 | +8.3% |
| Cash at bank and in hand | 54/58 | €55,416 | €33,776 | -€21,640 | -39.1% |
| Deferred charges and accrued income | 490/1 | €302 | €836 | +€534 | +176.5% |
| Total equity and liabilities | 10/49 | €152,041 | €270,107 | +€118,065 | +77.7% |
| Equity | 10/15 | €95,488 | €160,291 | +€64,803 | +67.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,988 | €158,791 | +€64,803 | +68.9% |
| Amounts payable | 17/49 | €56,553 | €109,816 | +€53,262 | +94.2% |
| Amounts payable after more than one year | 17 | €10,352 | €79,693 | +€69,342 | +669.9% |
| Financial debts | 170/4 | €10,352 | €79,693 | +€69,342 | +669.9% |
| Amounts payable within one year | 42/48 | €46,202 | €30,023 | -€16,179 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €5,008 | €22,149 | +€17,141 | +342.3% |
| Trade debts | 44 | €12,342 | €2,788 | -€9,555 | -77.4% |
| Suppliers | 440/4 | €12,342 | €2,788 | -€9,555 | -77.4% |
| Taxes, remuneration and social security | 45 | €27,599 | €5,086 | -€22,513 | -81.6% |
| Taxes | 450/3 | €27,599 | €5,086 | -€22,513 | -81.6% |
| Other amounts payable | 47/48 | €1,252 | - | -€1,252 | |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Non-recurring operating income | 76A | - | €6,225 | +€6,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,191 | €16,387 | +€4,196 | +34.4% |
| Other operating charges | 640/8 | €6,906 | €6,889 | -€17 | -0.2% |
| Gross operating margin | 9900 | €138,493 | €117,265 | -€21,228 | -15.3% |
| Operating profit (loss) | 9901 | €119,396 | €93,989 | -€25,407 | -21.3% |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €1,427 | €2,989 | +€1,562 | +109.4% |
| Recurring financial charges | 65 | €1,427 | €2,989 | +€1,562 | +109.4% |
| Profit (loss) for the period before taxes | 9903 | €117,988 | €91,000 | -€26,988 | -22.9% |
| Income taxes | 67/77 | €24,000 | €26,197 | +€2,197 | +9.2% |
| Profit (loss) for the period | 9904 | €93,988 | €64,803 | -€29,185 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,988 | €64,803 | -€29,185 | -31.1% |
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 29 September 2026 via checked.be.