VESPRO CONSTRUCT: 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.
VESPRO CONSTRUCT
Largest movements
- Stocks and contracts -€245,694
down €245,694 (-89.6%), from €274,216 to €28,522
- Cash -€94,499
down €94,499 (-53.3%), from €177,299 to €82,801
mainly Other debts (-€313,031) and Accrued charges and deferred income (-€70,000)
- Receivables within one year -€30,536
down €30,536 (-90.8%), from €33,640 to €3,104
of which Trade receivables: -€21,174
- Other debts -€313,031
down €313,031 (-62.1%), from €504,027 to €190,996
- Accrued charges and deferred income -€70,000
down €70,000 (-70.0%), from €100,000 to €30,000
- Profit (loss) carried forward +€12,954
up €12,954 (+5.8%), from -€225,079 to -€212,126
- Gross operating margin +€17,665
up €17,665, from -€3,334 to €14,331
- Financial income -€2,831
no longer reported in 2025 (was €2,831)
- Financial charges -€531
down €531 (-85.1%), from €624 to €93
- Other operating charges -€446
down €446 (-25.8%), from €1,731 to €1,285
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 | €485,155 | €114,426 | -€370,729 | -76.4% |
| Current assets | 29/58 | €485,155 | €114,426 | -€370,729 | -76.4% |
| Stocks and contracts in progress | 3 | €274,216 | €28,522 | -€245,694 | -89.6% |
| Stocks | 30/36 | €274,216 | €28,522 | -€245,694 | -89.6% |
| Amounts receivable within one year | 40/41 | €33,640 | €3,104 | -€30,536 | -90.8% |
| Trade receivables | 40 | €22,162 | €988 | -€21,174 | -95.5% |
| Other amounts receivable | 41 | €11,478 | €2,116 | -€9,362 | -81.6% |
| Cash at bank and in hand | 54/58 | €177,299 | €82,801 | -€94,499 | -53.3% |
| Total equity and liabilities | 10/49 | €485,155 | €114,426 | -€370,729 | -76.4% |
| Equity | 10/15 | -€119,523 | -€106,569 | +€12,954 | +10.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,556 | €5,556 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,556 | €5,556 | = | 0.0% |
| Legal reserve | 130 | €5,556 | €5,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,079 | -€212,126 | +€12,954 | +5.8% |
| Amounts payable | 17/49 | €604,678 | €220,996 | -€383,682 | -63.5% |
| Amounts payable within one year | 42/48 | €504,678 | €190,996 | -€313,682 | -62.2% |
| Trade debts | 44 | €651 | - | -€651 | |
| Suppliers | 440/4 | €651 | - | -€651 | |
| Other amounts payable | 47/48 | €504,027 | €190,996 | -€313,031 | -62.1% |
| Accrued charges and deferred income | 492/3 | €100,000 | €30,000 | -€70,000 | -70.0% |
| Other operating charges | 640/8 | €1,731 | €1,285 | -€446 | -25.8% |
| Gross operating margin | 9900 | -€3,334 | €14,331 | +€17,665 | |
| Operating profit (loss) | 9901 | -€5,064 | €13,046 | +€18,111 | |
| Financial income | 75/76B | €2,831 | - | -€2,831 | |
| Recurring financial income | 75 | €2,831 | - | -€2,831 | |
| Financial charges | 65/66B | €624 | €93 | -€531 | -85.1% |
| Recurring financial charges | 65 | €624 | €93 | -€531 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,857 | €12,954 | +€15,810 | |
| Profit (loss) for the period | 9904 | -€2,857 | €12,954 | +€15,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,857 | €12,954 | +€15,810 |
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 18 October 2026 via checked.be.