VINDEVOGEL 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.
VINDEVOGEL CONSTRUCT
Largest movements
- Tangible fixed assets +€7,900
new in 2025: €7,900
- Receivables within one year -€6,629
down €6,629 (-15.3%), from €43,307 to €36,678
of which Trade receivables: -€14,593
- Cash -€1,162
down €1,162 (-26.3%), from €4,420 to €3,258
mainly Investment in fixed assets (net) (-€11,850) and Trade debts (-€1,874)
- Profit (loss) carried forward +€3,328
up €3,328 (+8.9%), from €37,292 to €40,620
- Trade debts -€1,874
down €1,874 (-28.8%), from €6,518 to €4,644
- Tax, wage and social debts -€1,345
down €1,345 (-94.9%), from €1,417 to €72
of which Remuneration and social security: -€1,417
- Turnover +€220,442
new in 2025: €220,442
- Purchases and services -€94,988
down €94,988 (-81.7%), from €116,254 to €21,266
- Taxes -€3,736
down €3,736 (-95.3%), from €3,920 to €184
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 | €47,727 | €47,836 | +€109 | +0.2% |
| Fixed assets | 21/28 | - | €7,900 | +€7,900 | |
| Tangible fixed assets | 22/27 | - | €7,900 | +€7,900 | |
| Furniture and vehicles | 24 | - | €7,900 | +€7,900 | |
| Current assets | 29/58 | €47,727 | €39,936 | -€7,791 | -16.3% |
| Amounts receivable within one year | 40/41 | €43,307 | €36,678 | -€6,629 | -15.3% |
| Trade receivables | 40 | €43,307 | €28,714 | -€14,593 | -33.7% |
| Other amounts receivable | 41 | - | €7,963 | +€7,963 | |
| Cash at bank and in hand | 54/58 | €4,420 | €3,258 | -€1,162 | -26.3% |
| Total equity and liabilities | 10/49 | €47,727 | €47,836 | +€109 | +0.2% |
| Equity | 10/15 | €39,792 | €43,120 | +€3,328 | +8.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,292 | €40,620 | +€3,328 | +8.9% |
| Amounts payable | 17/49 | €7,935 | €4,716 | -€3,219 | -40.6% |
| Amounts payable within one year | 42/48 | €7,935 | €4,716 | -€3,219 | -40.6% |
| Trade debts | 44 | €6,518 | €4,644 | -€1,874 | -28.8% |
| Suppliers | 440/4 | €6,518 | €4,644 | -€1,874 | -28.8% |
| Taxes, remuneration and social security | 45 | €1,417 | €72 | -€1,345 | -94.9% |
| Taxes | 450/3 | - | €72 | +€72 | |
| Remuneration and social security | 454/9 | €1,417 | - | -€1,417 | |
| Turnover | 70 | - | €220,442 | +€220,442 | |
| Goods, raw materials, services and sundry goods | 60/61 | €116,254 | €21,266 | -€94,988 | -81.7% |
| Remuneration, social security and pensions | 62 | €15 | €72 | +€57 | +382.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,465 | €3,950 | +€1,485 | +60.2% |
| Other operating charges | 640/8 | €611 | €628 | +€18 | +2.9% |
| Gross operating margin | 9900 | €9,420 | €8,176 | -€1,244 | -13.2% |
| Operating profit (loss) | 9901 | €6,329 | €3,525 | -€2,804 | -44.3% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | - | €49 | +€49 | |
| Recurring financial charges | 65 | - | €49 | +€49 | |
| Profit (loss) for the period before taxes | 9903 | €6,329 | €3,512 | -€2,817 | -44.5% |
| Income taxes | 67/77 | €3,920 | €184 | -€3,736 | -95.3% |
| Profit (loss) for the period | 9904 | €2,409 | €3,328 | +€919 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,409 | €3,328 | +€919 | +38.1% |
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 10 October 2026 via checked.be.