VESALIUS CONSTRUCT: 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.
VESALIUS CONSTRUCT
Largest movements
- Cash +€4,497
up €4,497 (+100.2%), from €4,487 to €8,984
mainly Net result for the year (+€3,257) and Trade debts (+€2,068)
- Profit (loss) carried forward +€3,257
up €3,257 (+18.9%), from €17,251 to €20,507
- Gross operating margin +€30,169
up €30,169 (+88.8%), from -€33,980 to -€3,811
- Financial income -€2,742
down €2,742 (-25.6%), from €10,710 to €7,968
- Other operating charges -€548
down €548 (-56.4%), from €972 to €424
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 | €300,266 | €305,591 | +€5,325 | +1.8% |
| Current assets | 29/58 | €300,266 | €305,591 | +€5,325 | +1.8% |
| Stocks and contracts in progress | 3 | €82,747 | €83,728 | +€981 | +1.2% |
| Stocks | 30/36 | €82,747 | €83,728 | +€981 | +1.2% |
| Amounts receivable within one year | 40/41 | €213,032 | €212,879 | -€153 | -0.1% |
| Other amounts receivable | 41 | €213,032 | €212,879 | -€153 | -0.1% |
| Cash at bank and in hand | 54/58 | €4,487 | €8,984 | +€4,497 | +100.2% |
| Total equity and liabilities | 10/49 | €300,266 | €305,591 | +€5,325 | +1.8% |
| Equity | 10/15 | €292,251 | €295,507 | +€3,257 | +1.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,251 | €20,507 | +€3,257 | +18.9% |
| Amounts payable | 17/49 | €8,015 | €10,083 | +€2,068 | +25.8% |
| Amounts payable within one year | 42/48 | €8,015 | €10,083 | +€2,068 | +25.8% |
| Trade debts | 44 | €8,015 | €10,083 | +€2,068 | +25.8% |
| Suppliers | 440/4 | €8,015 | €10,083 | +€2,068 | +25.8% |
| Non-recurring operating income | 76A | €0 | €6,720 | +€6,720 | |
| Other operating charges | 640/8 | €972 | €424 | -€548 | -56.4% |
| Gross operating margin | 9900 | -€33,980 | -€3,811 | +€30,169 | +88.8% |
| Operating profit (loss) | 9901 | -€34,952 | -€4,235 | +€30,717 | +87.9% |
| Financial income | 75/76B | €10,710 | €7,968 | -€2,742 | -25.6% |
| Recurring financial income | 75 | €10,710 | €7,968 | -€2,742 | -25.6% |
| Financial charges | 65/66B | €417 | €476 | +€59 | +14.1% |
| Recurring financial charges | 65 | €417 | €476 | +€59 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,659 | €3,257 | +€27,916 | |
| Profit (loss) for the period | 9904 | -€24,659 | €3,257 | +€27,916 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,659 | €3,257 | +€27,916 |
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 29 September 2026 via checked.be.