VDP&VP-CONSTRUCT: 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.
VDP&VP-CONSTRUCT
Largest movements
- Receivables within one year +€29,126
up €29,126 (+96.4%), from €30,227 to €59,353
of which Trade receivables: +€29,607
- Cash +€13,561
up €13,561 (+40.5%), from €33,476 to €47,036
mainly Trade debts (+€20,542) and Net result for the year (+€14,033)
- Trade debts +€20,542
up €20,542 (+247.6%), from €8,297 to €28,839
- Reserves +€14,033
up €14,033 (+115.6%), from €12,142 to €26,174
- Tax, wage and social debts +€8,774
up €8,774 (+23.6%), from €37,146 to €45,920
of which Remuneration and social security: +€4,978
- Taxes +€3,796
up €3,796 (+123.0%), from €3,087 to €6,883
- Depreciation -€2,950
down €2,950 (-100.0%), from €2,950 to €0
- Gross operating margin +€2,906
up €2,906 (+14.9%), from €19,439 to €22,345
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 | €63,702 | €106,389 | +€42,687 | +67.0% |
| Current assets | 29/58 | €63,702 | €106,389 | +€42,687 | +67.0% |
| Amounts receivable within one year | 40/41 | €30,227 | €59,353 | +€29,126 | +96.4% |
| Trade receivables | 40 | €15,857 | €45,463 | +€29,607 | +186.7% |
| Other amounts receivable | 41 | €14,370 | €13,889 | -€481 | -3.3% |
| Cash at bank and in hand | 54/58 | €33,476 | €47,036 | +€13,561 | +40.5% |
| Total equity and liabilities | 10/49 | €63,702 | €106,389 | +€42,687 | +67.0% |
| Equity | 10/15 | €17,142 | €31,174 | +€14,033 | +81.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,142 | €26,174 | +€14,033 | +115.6% |
| Distributable reserves | 133 | €12,142 | €26,174 | +€14,033 | +115.6% |
| Amounts payable | 17/49 | €46,561 | €75,215 | +€28,654 | +61.5% |
| Amounts payable within one year | 42/48 | €45,443 | €75,087 | +€29,644 | +65.2% |
| Trade debts | 44 | €8,297 | €28,839 | +€20,542 | +247.6% |
| Suppliers | 440/4 | €8,297 | €28,839 | +€20,542 | +247.6% |
| Taxes, remuneration and social security | 45 | €37,146 | €45,920 | +€8,774 | +23.6% |
| Taxes | 450/3 | €3,146 | €6,942 | +€3,796 | +120.7% |
| Remuneration and social security | 454/9 | €34,000 | €38,978 | +€4,978 | +14.6% |
| Other amounts payable | 47/48 | - | €328 | +€328 | |
| Accrued charges and deferred income | 492/3 | €1,118 | €128 | -€990 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,950 | €0 | -€2,950 | -100.0% |
| Other operating charges | 640/8 | €528 | €528 | -€0 | 0.0% |
| Gross operating margin | 9900 | €19,439 | €22,345 | +€2,906 | +14.9% |
| Operating profit (loss) | 9901 | €15,961 | €21,817 | +€5,856 | +36.7% |
| Financial charges | 65/66B | €732 | €901 | +€169 | +23.1% |
| Recurring financial charges | 65 | €732 | €901 | +€169 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €15,229 | €20,916 | +€5,687 | +37.3% |
| Income taxes | 67/77 | €3,087 | €6,883 | +€3,796 | +123.0% |
| Profit (loss) for the period | 9904 | €12,142 | €14,033 | +€1,891 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,142 | €14,033 | +€1,891 | +15.6% |
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 12 October 2026 via checked.be.