VDL-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.
VDL-Construct
Largest movements
- Receivables within one year +€559
up €559 (+3.5%), from €15,926 to €16,484
of which Other amounts receivable: +€740
- Profit (loss) carried forward -€2,845
down €2,845 (-44.8%), from -€6,350 to -€9,195
- Short-term financial debts +€2,193
up €2,193 (+319.8%), from €686 to €2,879
- Other debts +€1,845
up €1,845 (+14.8%), from €12,422 to €14,267
- Trade debts -€635
down €635 (-46.2%), from €1,375 to €740
- Gross operating margin -€1,188
down €1,188, from €0 to -€1,188
- Financial charges +€1,128
up €1,128 (+872.7%), from €129 to €1,257
- Other operating charges +€400
up €400, from €0 to €400
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,926 | €16,484 | +€559 | +3.5% |
| Current assets | 29/58 | €15,926 | €16,484 | +€559 | +3.5% |
| Amounts receivable within one year | 40/41 | €15,926 | €16,484 | +€559 | +3.5% |
| Trade receivables | 40 | €15,620 | €15,438 | -€182 | -1.2% |
| Other amounts receivable | 41 | €306 | €1,046 | +€740 | +241.9% |
| Total equity and liabilities | 10/49 | €15,926 | €16,484 | +€559 | +3.5% |
| Equity | 10/15 | €1,443 | -€1,402 | -€2,845 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,793 | €4,793 | = | 0.0% |
| Distributable reserves | 133 | €4,793 | €4,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,350 | -€9,195 | -€2,845 | -44.8% |
| Amounts payable | 17/49 | €14,483 | €17,887 | +€3,403 | +23.5% |
| Amounts payable within one year | 42/48 | €14,483 | €17,887 | +€3,403 | +23.5% |
| Financial debts | 43 | €686 | €2,879 | +€2,193 | +319.8% |
| Credit institutions | 430/8 | €686 | €2,879 | +€2,193 | +319.8% |
| Trade debts | 44 | €1,375 | €740 | -€635 | -46.2% |
| Suppliers | 440/4 | €1,375 | €740 | -€635 | -46.2% |
| Other amounts payable | 47/48 | €12,422 | €14,267 | +€1,845 | +14.8% |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €0 | -€1,188 | -€1,188 | |
| Operating profit (loss) | 9901 | €0 | -€1,588 | -€1,588 | |
| Financial charges | 65/66B | €129 | €1,257 | +€1,128 | +872.7% |
| Recurring financial charges | 65 | €129 | €1,257 | +€1,128 | +872.7% |
| Profit (loss) for the period before taxes | 9903 | -€129 | -€2,845 | -€2,716 | -2101.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€129 | -€2,845 | -€2,716 | -2101.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€129 | -€2,845 | -€2,716 | -2101.7% |
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 3 October 2026 via checked.be.