VIJVERS THUY: what changed
What changed
VIJVERS THUY
NACE 42.990, Civil engineering
filed annual accounts (NBB)
Net result for the year
€38,064
2024 · €281+€37,782
Equity
€62,247
2024 · €24,184+€38,064
Cash
€0
2024 · €0
Balance sheet total
€500,256
2024 · €460,175+€40,081
Largest movements
Assets
- Receivables within one year +€102,510
up €102,510 (+163%), from €62,770 to €165,280
of which Trade receivables: +€107,301
- Stocks and contracts -€25,782
down €25,782 (-64.2%), from €40,185 to €14,403
of which Contracts in progress: -€25,782
- Tangible fixed assets -€22,257
down €22,257 (-7.7%), from €287,850 to €265,593
- Deferred charges and accrued income -€14,391
down €14,391 (-20.7%), from €69,371 to €54,980
Equity and liabilities
- Advances received -€38,087
down €38,087 (-91.9%), from €41,456 to €3,368
- Reserves +€38,064
up €38,064 (+428%), from €8,900 to €46,964
- Debts after one year -€28,589
down €28,589 (-12.3%), from €231,558 to €202,969
- Tax, wage and social debts +€25,087
up €25,087 (+486%), from €5,163 to €30,250
of which Remuneration and social security: +€18,960
- Short-term financial debts +€18,879
up €18,879 (+173%), from €10,932 to €29,811
Income statement
- Gross operating margin +€86,222
up €86,222 (+72.5%), from €118,849 to €205,070
- Staff costs +€26,133
up €26,133 (+33.6%), from €77,801 to €103,934
- Taxes +€15,101
up €15,101 (+859%), from €1,758 to €16,859
- Financial charges +€4,004
up €4,004 (+28.6%), from €13,988 to €17,992
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€281
Gross operating margin
+€86,222
Staff costs
-€26,133
Depreciation
-€1,511
Other operating charges
-€1,674
Financial income
-€16
Financial charges
-€4,004
Taxes
-€15,101
Result 2025
€38,064
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11,776
Investment
-€2,066
Financing
-€9,710
Cash 2024
€0
From operations (derived)
+€11,776
Net result for the year
+€38,064
Depreciation
+€24,323
Stocks and contracts
+€25,782
Receivables within one year
-€102,510
Deferred charges and accrued income
+€14,391
Trade debts
+€17,255
Tax, wage and social debts
+€25,087
Advances received
-€38,087
Other debts
+€7,473
Investment (derived)
-€2,066
Investment in fixed assets (net)
-€2,066
Financing
-€9,710
Debts after one year
-€28,589
Short-term financial debts
+€18,879
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,175 | €500,256 | +€40,081 | +8.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €287,850 | €265,593 | -€22,257 | -7.7% |
| Tangible fixed assets | 22/27 | €287,850 | €265,593 | -€22,257 | -7.7% |
| Land and buildings | 22 | €239,953 | €232,649 | -€7,304 | -3.0% |
| Plant, machinery and equipment | 23 | €14,996 | €11,728 | -€3,267 | -21.8% |
| Furniture and vehicles | 24 | €17,401 | €13,465 | -€3,936 | -22.6% |
| Leasing and similar rights | 25 | €15,500 | €7,750 | -€7,750 | -50.0% |
| Current assets | 29/58 | €172,325 | €234,663 | +€62,338 | +36.2% |
| Stocks and contracts in progress | 3 | €40,185 | €14,403 | -€25,782 | -64.2% |
| Stocks | 30/36 | €9,818 | €9,818 | = | 0.0% |
| Contracts in progress | 37 | €30,366 | €4,585 | -€25,782 | -84.9% |
| Amounts receivable within one year | 40/41 | €62,770 | €165,280 | +€102,510 | +163% |
| Trade receivables | 40 | €56,397 | €163,698 | +€107,301 | +190% |
| Other amounts receivable | 41 | €6,373 | €1,582 | -€4,791 | -75.2% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €69,371 | €54,980 | -€14,391 | -20.7% |
| Total equity and liabilities | 10/49 | €460,175 | €500,256 | +€40,081 | +8.7% |
| Equity | 10/15 | €24,184 | €62,247 | +€38,064 | +157% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €8,900 | €46,964 | +€38,064 | +428% |
| Distributable reserves | 133 | €8,900 | €46,964 | +€38,064 | +428% |
| Profit (loss) carried forward | 14 | €284 | €284 | +€0 | 0.0% |
| Amounts payable | 17/49 | €435,991 | €438,008 | +€2,017 | +0.5% |
| Amounts payable after more than one year | 17 | €231,558 | €202,969 | -€28,589 | -12.3% |
| Financial debts | 170/4 | €231,558 | €202,969 | -€28,589 | -12.3% |
| Amounts payable within one year | 42/48 | €204,433 | €235,039 | +€30,606 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €28,589 | €28,589 | = | 0.0% |
| Financial debts | 43 | €10,932 | €29,811 | +€18,879 | +173% |
| Credit institutions | 430/8 | €10,932 | €29,811 | +€18,879 | +173% |
| Trade debts | 44 | €113,794 | €131,048 | +€17,255 | +15.2% |
| Suppliers | 440/4 | €113,794 | €131,048 | +€17,255 | +15.2% |
| Advances received on contracts in progress | 46 | €41,456 | €3,368 | -€38,087 | -91.9% |
| Taxes, remuneration and social security | 45 | €5,163 | €30,250 | +€25,087 | +486% |
| Taxes | 450/3 | €63 | €6,190 | +€6,127 | +9,726% |
| Remuneration and social security | 454/9 | €5,100 | €24,060 | +€18,960 | +372% |
| Other amounts payable | 47/48 | €4,500 | €11,973 | +€7,473 | +166% |
| Non-recurring operating income | 76A | €1,460 | - | -€1,460 | |
| Remuneration, social security and pensions | 62 | €77,801 | €103,934 | +€26,133 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,812 | €24,323 | +€1,511 | +6.6% |
| Other operating charges | 640/8 | €2,579 | €4,253 | +€1,674 | +64.9% |
| Gross operating margin | 9900 | €118,849 | €205,070 | +€86,222 | +72.5% |
| Operating profit (loss) | 9901 | €15,656 | €72,560 | +€56,904 | +363% |
| Financial income | 75/76B | €371 | €355 | -€16 | -4.3% |
| Recurring financial income | 75 | €371 | €355 | -€16 | -4.3% |
| Financial charges | 65/66B | €13,988 | €17,992 | +€4,004 | +28.6% |
| Recurring financial charges | 65 | €13,988 | €17,992 | +€4,004 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €2,040 | €54,923 | +€52,884 | +2,593% |
| Income taxes | 67/77 | €1,758 | €16,859 | +€15,101 | +859% |
| Profit (loss) for the period | 9904 | €281 | €38,064 | +€37,782 | +13,429% |
| Profit (loss) for the period to be appropriated | 9905 | €281 | €38,064 | +€37,782 | +13,429% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.