Védébuild: 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.
Védébuild
Largest movements
- Tangible fixed assets -€63,014
down €63,014 (-5.0%), from €1.3m to €1.2m
of which Land and buildings: -€56,339
- Debts after one year -€88,034
down €88,034 (-10.6%), from €834,295 to €746,260
- Reserves +€20,979
up €20,979 (+10.8%), from €194,940 to €215,919
- Gross operating margin +€2,881
up €2,881 (+2.5%), from €117,384 to €120,265
- Taxes +€2,723
up €2,723 (+130.7%), from €2,084 to €4,807
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 | €1,341,451 | €1,280,468 | -€60,983 | -4.5% |
| Fixed assets | 21/28 | €1,272,562 | €1,209,548 | -€63,014 | -5.0% |
| Tangible fixed assets | 22/27 | €1,272,562 | €1,209,548 | -€63,014 | -5.0% |
| Land and buildings | 22 | €1,261,872 | €1,205,533 | -€56,339 | -4.5% |
| Plant, machinery and equipment | 23 | €3,425 | €1,848 | -€1,577 | -46.1% |
| Furniture and vehicles | 24 | €7,265 | €2,168 | -€5,097 | -70.2% |
| Current assets | 29/58 | €68,890 | €70,920 | +€2,031 | +2.9% |
| Amounts receivable within one year | 40/41 | €60,302 | €54,732 | -€5,570 | -9.2% |
| Trade receivables | 40 | €56,383 | €42,039 | -€14,344 | -25.4% |
| Other amounts receivable | 41 | €3,919 | €12,693 | +€8,774 | +223.9% |
| Cash at bank and in hand | 54/58 | €8,234 | €15,362 | +€7,127 | +86.6% |
| Deferred charges and accrued income | 490/1 | €353 | €827 | +€474 | +134.0% |
| Total equity and liabilities | 10/49 | €1,341,451 | €1,280,468 | -€60,983 | -4.5% |
| Equity | 10/15 | €201,140 | €222,119 | +€20,979 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €194,940 | €215,919 | +€20,979 | +10.8% |
| Distributable reserves | 133 | €194,940 | €215,919 | +€20,979 | +10.8% |
| Amounts payable | 17/49 | €1,140,311 | €1,058,349 | -€81,962 | -7.2% |
| Amounts payable after more than one year | 17 | €834,295 | €746,260 | -€88,034 | -10.6% |
| Financial debts | 170/4 | €834,295 | €746,260 | -€88,034 | -10.6% |
| Amounts payable within one year | 42/48 | €306,017 | €312,089 | +€6,072 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €94,120 | €88,034 | -€6,086 | -6.5% |
| Trade debts | 44 | €1,167 | - | -€1,167 | |
| Suppliers | 440/4 | €1,167 | - | -€1,167 | |
| Taxes, remuneration and social security | 45 | €36,582 | €40,557 | +€3,976 | +10.9% |
| Taxes | 450/3 | €36,582 | €40,557 | +€3,976 | +10.9% |
| Other amounts payable | 47/48 | €174,148 | €183,497 | +€9,349 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,545 | €68,014 | +€469 | +0.7% |
| Other operating charges | 640/8 | €9,487 | €10,044 | +€557 | +5.9% |
| Gross operating margin | 9900 | €117,384 | €120,265 | +€2,881 | +2.5% |
| Operating profit (loss) | 9901 | €40,352 | €42,208 | +€1,855 | +4.6% |
| Financial charges | 65/66B | €17,428 | €16,421 | -€1,006 | -5.8% |
| Recurring financial charges | 65 | €17,428 | €16,421 | -€1,006 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €22,925 | €25,786 | +€2,862 | +12.5% |
| Income taxes | 67/77 | €2,084 | €4,807 | +€2,723 | +130.7% |
| Profit (loss) for the period | 9904 | €20,841 | €20,979 | +€139 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,841 | €20,979 | +€139 | +0.7% |
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 9 October 2026 via checked.be.