VeHa-bouw: what changed
VeHa-bouw
Largest movements
- Cash +€27,596
up €27,596 (+23.1%), from €119,605 to €147,201
mainly Depreciation (+€21,988) and Net result for the year (+€19,546)
- Stocks and contracts +€16,895
up €16,895 (+90.5%), from €18,671 to €35,565
of which Contracts in progress: +€20,484
- Receivables within one year -€4,182
down €4,182 (-6.6%), from €63,638 to €59,456
of which Other amounts receivable: -€9,758
- Reserves +€19,546
up €19,546 (+12.4%), from €157,334 to €176,879
- Trade debts +€19,545
up €19,545 (+585%), from €3,343 to €22,888
- Gross operating margin +€13,207
up €13,207 (+36.4%), from €36,266 to €49,473
- Taxes +€2,467
up €2,467 (+57.7%), from €4,274 to €6,741
- Depreciation +€2,196
up €2,196 (+11.1%), from €19,792 to €21,988
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,989 | €295,028 | +€40,039 | +15.7% |
| Fixed assets | 21/28 | €50,138 | €51,685 | +€1,547 | +3.1% |
| Tangible fixed assets | 22/27 | €50,138 | €51,685 | +€1,547 | +3.1% |
| Plant, machinery and equipment | 23 | €15,423 | €30,374 | +€14,951 | +96.9% |
| Furniture and vehicles | 24 | €31,567 | €18,951 | -€12,617 | -40.0% |
| Other tangible fixed assets | 26 | €3,147 | €2,360 | -€787 | -25.0% |
| Current assets | 29/58 | €204,852 | €243,344 | +€38,492 | +18.8% |
| Stocks and contracts in progress | 3 | €18,671 | €35,565 | +€16,895 | +90.5% |
| Stocks | 30/36 | €18,671 | €15,081 | -€3,589 | -19.2% |
| Contracts in progress | 37 | €0 | €20,484 | +€20,484 | |
| Amounts receivable within one year | 40/41 | €63,638 | €59,456 | -€4,182 | -6.6% |
| Trade receivables | 40 | €46,263 | €51,839 | +€5,576 | +12.1% |
| Other amounts receivable | 41 | €17,376 | €7,617 | -€9,758 | -56.2% |
| Cash at bank and in hand | 54/58 | €119,605 | €147,201 | +€27,596 | +23.1% |
| Deferred charges and accrued income | 490/1 | €2,938 | €1,122 | -€1,816 | -61.8% |
| Total equity and liabilities | 10/49 | €254,989 | €295,028 | +€40,039 | +15.7% |
| Equity | 10/15 | €169,734 | €189,279 | +€19,546 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €157,334 | €176,879 | +€19,546 | +12.4% |
| Distributable reserves | 133 | €157,334 | €176,879 | +€19,546 | +12.4% |
| Amounts payable | 17/49 | €85,256 | €105,749 | +€20,493 | +24.0% |
| Amounts payable within one year | 42/48 | €85,256 | €105,749 | +€20,493 | +24.0% |
| Trade debts | 44 | €3,343 | €22,888 | +€19,545 | +585% |
| Suppliers | 440/4 | €3,343 | €22,888 | +€19,545 | +585% |
| Taxes, remuneration and social security | 45 | €598 | €1,028 | +€430 | +72.0% |
| Taxes | 450/3 | €598 | €1,028 | +€430 | +72.0% |
| Other amounts payable | 47/48 | €81,315 | €81,833 | +€518 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,792 | €21,988 | +€2,196 | +11.1% |
| Other operating charges | 640/8 | €692 | €710 | +€18 | +2.6% |
| Gross operating margin | 9900 | €36,266 | €49,473 | +€13,207 | +36.4% |
| Operating profit (loss) | 9901 | €15,782 | €26,775 | +€10,993 | +69.7% |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €110 | €550 | +€439 | +398% |
| Recurring financial charges | 65 | €110 | €550 | +€439 | +398% |
| Profit (loss) for the period before taxes | 9903 | €15,672 | €26,287 | +€10,615 | +67.7% |
| Income taxes | 67/77 | €4,274 | €6,741 | +€2,467 | +57.7% |
| Profit (loss) for the period | 9904 | €11,398 | €19,546 | +€8,148 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,398 | €19,546 | +€8,148 | +71.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.