Victor.T 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.
Victor.T Construct
Largest movements
- Receivables within one year +€6,330
up €6,330 (+306%), from €2,071 to €8,402
of which Trade receivables: +€5,967
- Formation expenses -€771
no longer reported in 2025 (was €771)
- Deferred charges and accrued income +€322
new in 2025: €322
- Profit (loss) carried forward -€9,790
down €9,790, from €123 to -€9,667
- Trade debts +€8,046
up €8,046 (+687%), from €1,172 to €9,217
- Tax, wage and social debts +€4,650
up €4,650 (+15,126%), from €31 to €4,680
of which Remuneration and social security: +€4,650
- Other debts +€2,951
up €2,951 (+191%), from €1,543 to €4,494
- Gross operating margin -€8,620
down €8,620, from €943 to -€7,677
- Other operating charges +€1,312
new in 2025: €1,312
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 | €2,868 | €8,725 | +€5,857 | +204% |
| Formation expenses | 20 | €771 | - | -€771 | |
| Current assets | 29/58 | €2,097 | €8,725 | +€6,628 | +316% |
| Amounts receivable within one year | 40/41 | €2,071 | €8,402 | +€6,330 | +306% |
| Trade receivables | 40 | €1,630 | €7,597 | +€5,967 | +366% |
| Other amounts receivable | 41 | €441 | €805 | +€363 | +82.4% |
| Cash at bank and in hand | 54/58 | €25 | €1 | -€24 | -95.0% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €2,868 | €8,725 | +€5,857 | +204% |
| Equity | 10/15 | €123 | -€9,667 | -€9,790 | |
| Profit (loss) carried forward | 14 | €123 | -€9,667 | -€9,790 | |
| Amounts payable | 17/49 | €2,745 | €18,392 | +€15,646 | +570% |
| Amounts payable within one year | 42/48 | €2,745 | €18,392 | +€15,646 | +570% |
| Trade debts | 44 | €1,172 | €9,217 | +€8,046 | +687% |
| Suppliers | 440/4 | €1,172 | €9,217 | +€8,046 | +687% |
| Taxes, remuneration and social security | 45 | €31 | €4,680 | +€4,650 | +15,126% |
| Taxes | 450/3 | €31 | €31 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €4,650 | +€4,650 | |
| Other amounts payable | 47/48 | €1,543 | €4,494 | +€2,951 | +191% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €771 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,312 | +€1,312 | |
| Gross operating margin | 9900 | €943 | -€7,677 | -€8,620 | |
| Operating profit (loss) | 9901 | €172 | -€9,760 | -€9,932 | |
| Financial charges | 65/66B | €18 | €29 | +€11 | +60.6% |
| Recurring financial charges | 65 | €18 | €29 | +€11 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €154 | -€9,790 | -€9,943 | |
| Income taxes | 67/77 | €31 | - | -€31 | |
| Profit (loss) for the period | 9904 | €123 | -€9,790 | -€9,913 | |
| Profit (loss) for the period to be appropriated | 9905 | €123 | -€9,790 | -€9,913 |
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.