VEGA CONSTRUCTIONS: 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.
VEGA CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€8,788
down €8,788 (-7.4%), from €118,590 to €109,803
of which Land and buildings: -€8,540
- Other debts -€11,035
down €11,035 (-11.6%), from €94,898 to €83,863
- Depreciation -€4,321
down €4,321 (-33.0%), from €13,109 to €8,788
- Gross operating margin -€3,123
down €3,123 (-20.4%), from €15,309 to €12,187
- Taxes -€262
down €262 (-30.9%), from €847 to €585
- Other operating charges +€228
up €228 (+15.1%), from €1,511 to €1,739
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 | €146,323 | €137,494 | -€8,829 | -6.0% |
| Fixed assets | 21/28 | €118,590 | €109,803 | -€8,788 | -7.4% |
| Tangible fixed assets | 22/27 | €118,590 | €109,803 | -€8,788 | -7.4% |
| Land and buildings | 22 | €118,111 | €109,571 | -€8,540 | -7.2% |
| Furniture and vehicles | 24 | €480 | €232 | -€248 | -51.7% |
| Current assets | 29/58 | €27,732 | €27,691 | -€41 | -0.1% |
| Cash at bank and in hand | 54/58 | €26,733 | €26,637 | -€96 | -0.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,054 | +€55 | +5.5% |
| Total equity and liabilities | 10/49 | €146,323 | €137,494 | -€8,829 | -6.0% |
| Equity | 10/15 | €50,578 | €51,446 | +€868 | +1.7% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €38,183 | €39,051 | +€868 | +2.3% |
| Distributable reserves | 133 | €38,183 | €39,051 | +€868 | +2.3% |
| Amounts payable | 17/49 | €95,745 | €86,048 | -€9,697 | -10.1% |
| Amounts payable within one year | 42/48 | €95,745 | €85,384 | -€10,361 | -10.8% |
| Trade debts | 44 | - | €90 | +€90 | |
| Suppliers | 440/4 | - | €90 | +€90 | |
| Taxes, remuneration and social security | 45 | €847 | €1,431 | +€584 | +68.9% |
| Taxes | 450/3 | €847 | €1,431 | +€584 | +68.9% |
| Other amounts payable | 47/48 | €94,898 | €83,863 | -€11,035 | -11.6% |
| Accrued charges and deferred income | 492/3 | - | €664 | +€664 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,109 | €8,788 | -€4,321 | -33.0% |
| Other operating charges | 640/8 | €1,511 | €1,739 | +€228 | +15.1% |
| Gross operating margin | 9900 | €15,309 | €12,187 | -€3,123 | -20.4% |
| Operating profit (loss) | 9901 | €689 | €1,660 | +€971 | +140.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €189 | €210 | +€21 | +11.1% |
| Recurring financial charges | 65 | €189 | €210 | +€21 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €500 | €1,453 | +€953 | +190.6% |
| Income taxes | 67/77 | €847 | €585 | -€262 | -30.9% |
| Profit (loss) for the period | 9904 | -€347 | €868 | +€1,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€347 | €868 | +€1,215 |
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 30 September 2026 via checked.be.