VIC-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.
VIC-CONSTRUCT
Largest movements
- Cash +€47,318
up €47,318 (+128%), from €36,920 to €84,238
mainly Net result for the year (+€52,572) and Trade debts (+€4,430)
- Tangible fixed assets +€10,381
up €10,381 (+348%), from €2,982 to €13,363
- Receivables within one year -€3,635
down €3,635 (-27.4%), from €13,266 to €9,631
of which Trade receivables: -€3,092
- Reserves +€48,472
up €48,472 (+102%), from €47,420 to €95,892
- Trade debts +€4,430
up €4,430 (+723%), from €613 to €5,043
- Gross operating margin +€5,252
up €5,252 (+8.4%), from €62,368 to €67,620
- Depreciation -€1,293
down €1,293 (-45.4%), from €2,849 to €1,556
- Taxes +€1,102
up €1,102 (+9.1%), from €12,142 to €13,244
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 | €53,776 | €107,232 | +€53,456 | +99.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,982 | €13,363 | +€10,381 | +348% |
| Tangible fixed assets | 22/27 | €2,982 | €13,363 | +€10,381 | +348% |
| Furniture and vehicles | 24 | €2,982 | €13,363 | +€10,381 | +348% |
| Current assets | 29/58 | €50,794 | €93,869 | +€43,075 | +84.8% |
| Amounts receivable within one year | 40/41 | €13,266 | €9,631 | -€3,635 | -27.4% |
| Trade receivables | 40 | €10,292 | €7,200 | -€3,092 | -30.0% |
| Other amounts receivable | 41 | €2,974 | €2,431 | -€543 | -18.3% |
| Cash at bank and in hand | 54/58 | €36,920 | €84,238 | +€47,318 | +128% |
| Deferred charges and accrued income | 490/1 | €608 | - | -€608 | |
| Total equity and liabilities | 10/49 | €53,776 | €107,232 | +€53,456 | +99.4% |
| Equity | 10/15 | €52,420 | €100,892 | +€48,472 | +92.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,420 | €95,892 | +€48,472 | +102% |
| Distributable reserves | 133 | €47,420 | €95,892 | +€48,472 | +102% |
| Amounts payable | 17/49 | €1,357 | €6,340 | +€4,983 | +367% |
| Amounts payable within one year | 42/48 | €1,357 | €6,340 | +€4,983 | +367% |
| Trade debts | 44 | €613 | €5,043 | +€4,430 | +723% |
| Suppliers | 440/4 | €613 | €5,043 | +€4,430 | +723% |
| Taxes, remuneration and social security | 45 | €744 | €1,235 | +€491 | +66.0% |
| Taxes | 450/3 | €744 | €1,235 | +€491 | +66.0% |
| Other amounts payable | 47/48 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,849 | €1,556 | -€1,293 | -45.4% |
| Other operating charges | 640/8 | €63 | €208 | +€144 | +229% |
| Gross operating margin | 9900 | €62,368 | €67,620 | +€5,252 | +8.4% |
| Operating profit (loss) | 9901 | €59,456 | €65,857 | +€6,401 | +10.8% |
| Financial income | 75/76B | €142 | - | -€142 | |
| Recurring financial income | 75 | €142 | - | -€142 | |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.8% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €59,562 | €65,816 | +€6,254 | +10.5% |
| Income taxes | 67/77 | €12,142 | €13,244 | +€1,102 | +9.1% |
| Profit (loss) for the period | 9904 | €47,420 | €52,572 | +€5,153 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,420 | €52,572 | +€5,153 | +10.9% |
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 14 October 2026 via checked.be.