VH Bouw: 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.
VH Bouw
Largest movements
- Cash -€381,278
down €381,278 (-60.9%), from €626,126 to €244,848
mainly Current investments (-€350,000) and Trade debts (-€182,648)
- Current investments +€350,000
up €350,000 (+100%), from €350,000 to €700,000
- Stocks and contracts -€63,153
down €63,153 (-9.5%), from €662,130 to €598,976
- Tangible fixed assets -€35,893
down €35,893 (-45.3%), from €79,317 to €43,424
of which Furniture and vehicles: -€35,593
- Receivables within one year +€20,110
up €20,110 (+10.0%), from €200,424 to €220,534
of which Other amounts receivable: +€200,120
- Trade debts -€182,648
down €182,648 (-71.6%), from €255,040 to €72,391
- Other debts +€123,232
up €123,232 (+22.6%), from €546,308 to €669,540
- Tax, wage and social debts -€68,189
down €68,189 (-67.1%), from €101,626 to €33,437
- Reserves +€49,979
up €49,979 (+5.3%), from €944,411 to €994,390
of which Distributable reserves: +€49,979
- Debts after one year -€19,837
no longer reported in 2025 (was €19,837)
- Gross operating margin -€43,543
down €43,543 (-10.9%), from €400,347 to €356,804
- Taxes -€13,059
down €13,059 (-12.5%), from €104,126 to €91,066
- Financial charges +€5,103
up €5,103 (+15.7%), from €32,427 to €37,530
- Other operating charges -€4,998
down €4,998 (-66.7%), from €7,496 to €2,499
- Financial income +€4,678
up €4,678 (+56.5%), from €8,274 to €12,952
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 | €1,919,243 | €1,809,029 | -€110,214 | -5.7% |
| Fixed assets | 21/28 | €80,563 | €44,670 | -€35,893 | -44.6% |
| Tangible fixed assets | 22/27 | €79,317 | €43,424 | -€35,893 | -45.3% |
| Plant, machinery and equipment | 23 | €1,325 | €1,025 | -€300 | -22.6% |
| Furniture and vehicles | 24 | €77,992 | €42,399 | -€35,593 | -45.6% |
| Financial fixed assets | 28 | €1,246 | €1,246 | = | 0.0% |
| Current assets | 29/58 | €1,838,680 | €1,764,359 | -€74,321 | -4.0% |
| Stocks and contracts in progress | 3 | €662,130 | €598,976 | -€63,153 | -9.5% |
| Stocks | 30/36 | €662,130 | €598,976 | -€63,153 | -9.5% |
| Amounts receivable within one year | 40/41 | €200,424 | €220,534 | +€20,110 | +10.0% |
| Trade receivables | 40 | €200,342 | €20,332 | -€180,010 | -89.9% |
| Other amounts receivable | 41 | €82 | €200,202 | +€200,120 | +243,159% |
| Current investments | 50/53 | €350,000 | €700,000 | +€350,000 | +100% |
| Cash at bank and in hand | 54/58 | €626,126 | €244,848 | -€381,278 | -60.9% |
| Total equity and liabilities | 10/49 | €1,919,243 | €1,809,029 | -€110,214 | -5.7% |
| Equity | 10/15 | €963,161 | €1,013,140 | +€49,979 | +5.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €944,411 | €994,390 | +€49,979 | +5.3% |
| Non-distributable reserves | 130/1 | €25,910 | €25,910 | = | 0.0% |
| Legal reserve | 130 | €25,910 | €25,910 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,800 | €13,800 | = | 0.0% |
| Distributable reserves | 133 | €904,701 | €954,680 | +€49,979 | +5.5% |
| Amounts payable | 17/49 | €956,082 | €795,889 | -€160,193 | -16.8% |
| Amounts payable after more than one year | 17 | €19,837 | - | -€19,837 | |
| Financial debts | 170/4 | €19,837 | - | -€19,837 | |
| Amounts payable within one year | 42/48 | €936,245 | €795,889 | -€140,356 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €33,271 | €20,521 | -€12,750 | -38.3% |
| Trade debts | 44 | €255,040 | €72,391 | -€182,648 | -71.6% |
| Suppliers | 440/4 | €255,040 | €72,391 | -€182,648 | -71.6% |
| Taxes, remuneration and social security | 45 | €101,626 | €33,437 | -€68,189 | -67.1% |
| Taxes | 450/3 | €101,626 | €33,437 | -€68,189 | -67.1% |
| Other amounts payable | 47/48 | €546,308 | €669,540 | +€123,232 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,104 | €38,936 | -€168 | -0.4% |
| Other operating charges | 640/8 | €7,496 | €2,499 | -€4,998 | -66.7% |
| Gross operating margin | 9900 | €400,347 | €356,804 | -€43,543 | -10.9% |
| Operating profit (loss) | 9901 | €353,747 | €315,369 | -€38,378 | -10.8% |
| Financial income | 75/76B | €8,274 | €12,952 | +€4,678 | +56.5% |
| Recurring financial income | 75 | €8,274 | €12,952 | +€4,678 | +56.5% |
| Financial charges | 65/66B | €32,427 | €37,530 | +€5,103 | +15.7% |
| Recurring financial charges | 65 | €32,427 | €37,530 | +€5,103 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €329,594 | €290,790 | -€38,804 | -11.8% |
| Income taxes | 67/77 | €104,126 | €91,066 | -€13,059 | -12.5% |
| Profit (loss) for the period | 9904 | €225,468 | €199,724 | -€25,745 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €225,468 | €199,724 | -€25,745 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.