VIJVENS 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.
VIJVENS CONSTRUCT
Largest movements
- Stocks and contracts -€2.4m
down €2.4m (-42.4%), from €5.7m to €3.3m
- Cash -€1.4m
down €1.4m (-93.1%), from €1.5m to €100,922
mainly Advances received (-€5.0m) and Contributions, distributions and other (-€1.4m)
- Receivables within one year -€302,247
down €302,247 (-84.3%), from €358,693 to €56,446
of which Trade receivables: -€313,070
- Advances received -€5.0m
down €5.0m (-100.0%), from €5.0m to €0
- Other debts +€1.2m
up €1.2m (+82.9%), from €1.4m to €2.5m
- Trade debts -€386,070
down €386,070 (-61.6%), from €626,795 to €240,724
- Short-term financial debts +€284,357
up €284,357 (+106.4%), from €267,275 to €551,632
- Tax, wage and social debts -€220,119
down €220,119 (-99.0%), from €222,319 to €2,200
- Gross operating margin +€1.6m
up €1.6m (+2413.8%), from €66,524 to €1.7m
- Taxes +€167,200
new in 2025: €167,200
- Other operating charges -€23,530
down €23,530 (-98.9%), from €23,793 to €263
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.
Cash bridge derived
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 | €7,570,720 | €3,466,985 | -€4.1m | -54.2% |
| Current assets | 29/58 | €7,570,720 | €3,466,985 | -€4.1m | -54.2% |
| Stocks and contracts in progress | 3 | €5,740,191 | €3,308,459 | -€2.4m | -42.4% |
| Stocks | 30/36 | €5,740,191 | €3,308,459 | -€2.4m | -42.4% |
| Amounts receivable within one year | 40/41 | €358,693 | €56,446 | -€302,247 | -84.3% |
| Trade receivables | 40 | €358,693 | €45,623 | -€313,070 | -87.3% |
| Other amounts receivable | 41 | €0 | €10,823 | +€10,823 | |
| Cash at bank and in hand | 54/58 | €1,465,820 | €100,922 | -€1.4m | -93.1% |
| Deferred charges and accrued income | 490/1 | €6,016 | €1,158 | -€4,858 | -80.8% |
| Total equity and liabilities | 10/49 | €7,570,720 | €3,466,985 | -€4.1m | -54.2% |
| Equity | 10/15 | €51,972 | €122,346 | +€70,374 | +135.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | - | €2,346 | +€2,346 | |
| Distributable reserves | 133 | - | €2,346 | +€2,346 | |
| Profit (loss) carried forward | 14 | -€68,028 | €0 | +€68,028 | |
| Amounts payable | 17/49 | €7,518,748 | €3,344,638 | -€4.2m | -55.5% |
| Amounts payable within one year | 42/48 | €7,514,409 | €3,341,864 | -€4.2m | -55.5% |
| Financial debts | 43 | €267,275 | €551,632 | +€284,357 | +106.4% |
| Credit institutions | 430/8 | €267,275 | €551,632 | +€284,357 | +106.4% |
| Trade debts | 44 | €626,795 | €240,724 | -€386,070 | -61.6% |
| Suppliers | 440/4 | €626,795 | €240,724 | -€386,070 | -61.6% |
| Advances received on contracts in progress | 46 | €5,005,203 | €0 | -€5.0m | -100.0% |
| Taxes, remuneration and social security | 45 | €222,319 | €2,200 | -€220,119 | -99.0% |
| Taxes | 450/3 | €222,319 | €2,200 | -€220,119 | -99.0% |
| Other amounts payable | 47/48 | €1,392,817 | €2,547,307 | +€1.2m | +82.9% |
| Accrued charges and deferred income | 492/3 | €4,339 | €2,775 | -€1,564 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €23,793 | €263 | -€23,530 | -98.9% |
| Non-recurring operating charges | 66A | €314 | €0 | -€314 | -100.0% |
| Gross operating margin | 9900 | €66,524 | €1,672,280 | +€1.6m | +2413.8% |
| Operating profit (loss) | 9901 | €42,418 | €1,672,017 | +€1.6m | +3841.8% |
| Financial income | 75/76B | €7,873 | €20,361 | +€12,487 | +158.6% |
| Recurring financial income | 75 | €7,873 | €20,361 | +€12,487 | +158.6% |
| Financial charges | 65/66B | €90,935 | €79,804 | -€11,132 | -12.2% |
| Recurring financial charges | 65 | €90,935 | €79,804 | -€11,132 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,644 | €1,612,574 | +€1.7m | |
| Income taxes | 67/77 | - | €167,200 | +€167,200 | |
| Profit (loss) for the period | 9904 | -€40,644 | €1,445,374 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,644 | €1,445,374 | +€1.5m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.