VGI 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.
VGI CONSTRUCT
Largest movements
- Receivables within one year +€74,418
up €74,418 (+40.2%), from €185,279 to €259,697
of which Trade receivables: +€50,451
- Tangible fixed assets -€5,952
down €5,952 (-50.0%), from €11,897 to €5,945
of which Furniture and vehicles: -€6,038
- Trade debts +€26,419
up €26,419 (+58.5%), from €45,152 to €71,571
- Profit (loss) carried forward +€25,013
up €25,013 (+21.0%), from €118,887 to €143,900
- Short-term financial debts +€17,249
up €17,249 (+344.9%), from €5,001 to €22,250
- Debts after one year -€7,860
no longer reported in 2024 (was €7,860)
- Tax, wage and social debts +€5,821
up €5,821 (+21.1%), from €27,538 to €33,358
- Turnover +€76,753
up €76,753 (+21.0%), from €366,074 to €442,828
- Purchases and services +€58,288
up €58,288 (+17.5%), from €332,240 to €390,528
- Gross operating margin +€20,740
up €20,740 (+51.6%), from €40,163 to €60,904
- Taxes +€7,623
up €7,623 (+113.6%), from €6,709 to €14,332
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,537 | €271,179 | +€66,642 | +32.6% |
| Fixed assets | 21/28 | €11,897 | €5,945 | -€5,952 | -50.0% |
| Tangible fixed assets | 22/27 | €11,897 | €5,945 | -€5,952 | -50.0% |
| Plant, machinery and equipment | 23 | €698 | €784 | +€86 | +12.3% |
| Furniture and vehicles | 24 | €11,199 | €5,161 | -€6,038 | -53.9% |
| Current assets | 29/58 | €192,641 | €265,234 | +€72,593 | +37.7% |
| Amounts receivable within one year | 40/41 | €185,279 | €259,697 | +€74,418 | +40.2% |
| Trade receivables | 40 | €32,801 | €83,252 | +€50,451 | +153.8% |
| Other amounts receivable | 41 | €152,478 | €176,445 | +€23,967 | +15.7% |
| Cash at bank and in hand | 54/58 | €6,574 | €4,299 | -€2,275 | -34.6% |
| Deferred charges and accrued income | 490/1 | €789 | €1,238 | +€450 | +57.0% |
| Total equity and liabilities | 10/49 | €204,537 | €271,179 | +€66,642 | +32.6% |
| Equity | 10/15 | €118,987 | €144,000 | +€25,013 | +21.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,887 | €143,900 | +€25,013 | +21.0% |
| Amounts payable | 17/49 | €85,550 | €127,179 | +€41,628 | +48.7% |
| Amounts payable after more than one year | 17 | €7,860 | - | -€7,860 | |
| Financial debts | 170/4 | €7,860 | - | -€7,860 | |
| Amounts payable within one year | 42/48 | €77,691 | €127,179 | +€49,488 | +63.7% |
| Financial debts | 43 | €5,001 | €22,250 | +€17,249 | +344.9% |
| Credit institutions | 430/8 | €5,001 | €22,250 | +€17,249 | +344.9% |
| Trade debts | 44 | €45,152 | €71,571 | +€26,419 | +58.5% |
| Suppliers | 440/4 | €45,152 | €71,571 | +€26,419 | +58.5% |
| Taxes, remuneration and social security | 45 | €27,538 | €33,358 | +€5,821 | +21.1% |
| Taxes | 450/3 | €27,538 | €33,358 | +€5,821 | +21.1% |
| Turnover | 70 | €366,074 | €442,828 | +€76,753 | +21.0% |
| Non-recurring operating income | 76A | €5,967 | €8,604 | +€2,637 | +44.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €332,240 | €390,528 | +€58,288 | +17.5% |
| Remuneration, social security and pensions | 62 | €1,990 | €707 | -€1,283 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,033 | €6,870 | -€163 | -2.3% |
| Other operating charges | 640/8 | €17,226 | €13,154 | -€4,072 | -23.6% |
| Gross operating margin | 9900 | €40,163 | €60,904 | +€20,740 | +51.6% |
| Operating profit (loss) | 9901 | €13,914 | €40,172 | +€26,258 | +188.7% |
| Financial income | 75/76B | €43 | €1 | -€42 | -96.5% |
| Recurring financial income | 75 | €43 | €1 | -€42 | -96.5% |
| Financial charges | 65/66B | €538 | €828 | +€290 | +53.8% |
| Recurring financial charges | 65 | €538 | €828 | +€290 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €13,419 | €39,345 | +€25,927 | +193.2% |
| Income taxes | 67/77 | €6,709 | €14,332 | +€7,623 | +113.6% |
| Profit (loss) for the period | 9904 | €6,710 | €25,013 | +€18,304 | +272.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,710 | €25,013 | +€18,304 | +272.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.