VDV CONCRETE: 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.
VDV CONCRETE
Largest movements
- Receivables within one year -€16,379
down €16,379 (-44.8%), from €36,590 to €20,212
of which Other amounts receivable: -€12,068
- Tangible fixed assets -€11,092
down €11,092 (-5.3%), from €208,482 to €197,389
of which Land and buildings: -€6,780
- Other debts -€16,500
down €16,500 (-100%), from €16,500 to €0
- Debts after one year -€14,374
down €14,374 (-8.3%), from €173,364 to €158,990
- Profit (loss) carried forward +€4,310
up €4,310 (+15.5%), from €27,735 to €32,044
- Financial income -€18,706
down €18,706 (-94.0%), from €19,907 to €1,201
of which Non-recurring financial income: -€19,816
- Gross operating margin -€7,483
down €7,483 (-19.7%), from €37,893 to €30,411
- Taxes -€5,233
down €5,233 (-54.0%), from €9,694 to €4,461
- Financial charges +€2,804
up €2,804 (+60.0%), from €4,674 to €7,478
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.
Derived cash bridge
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 | €259,516 | €232,161 | -€27,355 | -10.5% |
| Fixed assets | 21/28 | €208,482 | €197,389 | -€11,092 | -5.3% |
| Tangible fixed assets | 22/27 | €208,482 | €197,389 | -€11,092 | -5.3% |
| Land and buildings | 22 | €200,037 | €193,257 | -€6,780 | -3.4% |
| Plant, machinery and equipment | 23 | €7,598 | €4,132 | -€3,465 | -45.6% |
| Furniture and vehicles | 24 | €847 | €0 | -€847 | -100% |
| Current assets | 29/58 | €51,034 | €34,772 | -€16,262 | -31.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €36,590 | €20,212 | -€16,379 | -44.8% |
| Trade receivables | 40 | €18,143 | €13,832 | -€4,311 | -23.8% |
| Other amounts receivable | 41 | €18,447 | €6,379 | -€12,068 | -65.4% |
| Current investments | 50/53 | - | €1,508 | +€1,508 | |
| Cash at bank and in hand | 54/58 | €14,159 | €12,854 | -€1,305 | -9.2% |
| Deferred charges and accrued income | 490/1 | €285 | €198 | -€86 | -30.3% |
| Total equity and liabilities | 10/49 | €259,516 | €232,161 | -€27,355 | -10.5% |
| Equity | 10/15 | €33,935 | €38,244 | +€4,310 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €27,735 | €32,044 | +€4,310 | +15.5% |
| Amounts payable | 17/49 | €225,581 | €193,917 | -€31,664 | -14.0% |
| Amounts payable after more than one year | 17 | €173,364 | €158,990 | -€14,374 | -8.3% |
| Financial debts | 170/4 | €173,364 | €158,990 | -€14,374 | -8.3% |
| Amounts payable within one year | 42/48 | €52,217 | €34,516 | -€17,701 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €14,070 | €14,374 | +€304 | +2.2% |
| Trade debts | 44 | €6,768 | €4,697 | -€2,071 | -30.6% |
| Suppliers | 440/4 | €6,768 | €4,697 | -€2,071 | -30.6% |
| Taxes, remuneration and social security | 45 | €14,879 | €15,444 | +€566 | +3.8% |
| Taxes | 450/3 | €14,879 | €15,444 | +€566 | +3.8% |
| Other amounts payable | 47/48 | €16,500 | €0 | -€16,500 | -100% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €11,092 | +€93 | +0.8% |
| Other operating charges | 640/8 | €4,040 | €4,270 | +€231 | +5.7% |
| Gross operating margin | 9900 | €37,893 | €30,411 | -€7,483 | -19.7% |
| Operating profit (loss) | 9901 | €22,854 | €15,048 | -€7,806 | -34.2% |
| Financial income | 75/76B | €19,907 | €1,201 | -€18,706 | -94.0% |
| Recurring financial income | 75 | €90 | €1,201 | +€1,111 | +1,228% |
| Non-recurring financial income | 76B | €19,816 | €0 | -€19,816 | -100% |
| Financial charges | 65/66B | €4,674 | €7,478 | +€2,804 | +60.0% |
| Recurring financial charges | 65 | €4,674 | €7,478 | +€2,804 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €38,087 | €8,771 | -€29,316 | -77.0% |
| Income taxes | 67/77 | €9,694 | €4,461 | -€5,233 | -54.0% |
| Profit (loss) for the period | 9904 | €28,392 | €4,310 | -€24,083 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,392 | €4,310 | -€24,083 | -84.8% |
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 24 October 2026 via checked.be.