VICTORIA CONSTRUCT SPRL: 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.
VICTORIA CONSTRUCT SPRL
Largest movements
- Receivables within one year +€22,177
up €22,177 (+60.6%), from €36,595 to €58,772
of which Trade receivables: +€25,591
- Receivables after one year +€15,000
up €15,000 (+37.5%), from €40,000 to €55,000
- Cash -€1,707
no longer reported in 2026 (was €1,707)
mainly Receivables within one year (-€22,177) and Receivables after one year (-€15,000)
- Accrued charges and deferred income +€25,000
new in 2026: €25,000
- Trade debts +€6,956
up €6,956 (+3,800%), from €183 to €7,139
- Other debts +€6,000
new in 2026: €6,000
- Tax, wage and social debts -€4,878
down €4,878 (-51.5%), from €9,474 to €4,596
of which Remuneration and social security: -€4,497
- Profit (loss) carried forward +€4,257
up €4,257 (+10.9%), from €38,884 to €43,141
- Gross operating margin +€12,500
up €12,500 (+192%), from €6,520 to €19,020
- Taxes -€1,832
down €1,832 (-49.6%), from €3,692 to €1,861
- Write-downs +€1,594
new in 2026: €1,594
- Financial charges -€431
down €431 (-10.4%), from €4,137 to €3,705
- Other operating charges +€193
up €193 (+15.3%), from €1,259 to €1,453
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,634 | €115,530 | +€35,896 | +45.1% |
| Fixed assets | 21/28 | €250 | €1,006 | +€756 | +303% |
| Tangible fixed assets | 22/27 | - | €756 | +€756 | |
| Furniture and vehicles | 24 | - | €756 | +€756 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €79,384 | €114,524 | +€35,140 | +44.3% |
| Amounts receivable after more than one year | 29 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Other amounts receivable | 291 | €40,000 | €55,000 | +€15,000 | +37.5% |
| Amounts receivable within one year | 40/41 | €36,595 | €58,772 | +€22,177 | +60.6% |
| Trade receivables | 40 | €5,654 | €31,245 | +€25,591 | +453% |
| Other amounts receivable | 41 | €30,941 | €27,527 | -€3,414 | -11.0% |
| Cash at bank and in hand | 54/58 | €1,707 | - | -€1,707 | |
| Deferred charges and accrued income | 490/1 | €1,082 | €752 | -€330 | -30.5% |
| Total equity and liabilities | 10/49 | €79,634 | €115,530 | +€35,896 | +45.1% |
| Equity | 10/15 | €63,144 | €67,401 | +€4,257 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,884 | €43,141 | +€4,257 | +10.9% |
| Amounts payable | 17/49 | €16,490 | €48,129 | +€31,639 | +192% |
| Amounts payable after more than one year | 17 | €1,543 | - | -€1,543 | |
| Financial debts | 170/4 | €1,543 | - | -€1,543 | |
| Amounts payable within one year | 42/48 | €14,947 | €23,129 | +€8,182 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €5,289 | €1,543 | -€3,746 | -70.8% |
| Financial debts | 43 | - | €3,850 | +€3,850 | |
| Credit institutions | 430/8 | - | €3,850 | +€3,850 | |
| Trade debts | 44 | €183 | €7,139 | +€6,956 | +3,800% |
| Suppliers | 440/4 | €183 | €7,139 | +€6,956 | +3,800% |
| Taxes, remuneration and social security | 45 | €9,474 | €4,596 | -€4,878 | -51.5% |
| Taxes | 450/3 | €4,974 | €4,594 | -€381 | -7.7% |
| Remuneration and social security | 454/9 | €4,500 | €3 | -€4,497 | -99.9% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €164 | +€44 | +36.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,594 | +€1,594 | |
| Other operating charges | 640/8 | €1,259 | €1,453 | +€193 | +15.3% |
| Gross operating margin | 9900 | €6,520 | €19,020 | +€12,500 | +192% |
| Operating profit (loss) | 9901 | €5,140 | €15,810 | +€10,670 | +208% |
| Financial income | 75/76B | €29 | €13 | -€16 | -56.0% |
| Recurring financial income | 75 | €29 | €13 | -€16 | -56.0% |
| Financial charges | 65/66B | €4,137 | €3,705 | -€431 | -10.4% |
| Recurring financial charges | 65 | €4,137 | €3,705 | -€431 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,033 | €12,118 | +€11,085 | +1,074% |
| Income taxes | 67/77 | €3,692 | €1,861 | -€1,832 | -49.6% |
| Profit (loss) for the period | 9904 | -€2,660 | €10,257 | +€12,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,660 | €10,257 | +€12,917 |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.