VIP 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.
VIP CONSTRUCT
Largest movements
- Receivables within one year -€97,514
down €97,514 (-56.6%), from €172,219 to €74,705
of which Trade receivables: -€98,064
- Cash +€40,083
up €40,083 (+662.6%), from €6,049 to €46,132
mainly Receivables within one year (+€97,514) and Depreciation (+€11,462)
- Tangible fixed assets -€10,140
down €10,140 (-32.4%), from €31,320 to €21,179
- Trade debts -€81,432
down €81,432 (-62.0%), from €131,339 to €49,907
- Debts after one year -€8,712
down €8,712 (-38.8%), from €22,483 to €13,771
- Other debts +€8,531
up €8,531 (+71.9%), from €11,872 to €20,403
- Profit (loss) carried forward +€7,132
up €7,132 (+98.3%), from €7,254 to €14,387
- Advances received +€7,000
new in 2025: €7,000
- Gross operating margin +€2,454
up €2,454 (+9.0%), from €27,356 to €29,809
- Financial charges -€2,127
down €2,127 (-55.6%), from €3,825 to €1,698
- Other operating charges +€1,301
up €1,301 (+99.6%), from €1,305 to €2,606
- Taxes +€803
up €803 (+14.5%), from €5,529 to €6,332
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 | €213,503 | €145,932 | -€67,571 | -31.6% |
| Fixed assets | 21/28 | €35,235 | €25,095 | -€10,140 | -28.8% |
| Tangible fixed assets | 22/27 | €31,320 | €21,179 | -€10,140 | -32.4% |
| Furniture and vehicles | 24 | €31,320 | €21,179 | -€10,140 | -32.4% |
| Financial fixed assets | 28 | €3,916 | €3,916 | = | 0.0% |
| Current assets | 29/58 | €178,268 | €120,837 | -€57,431 | -32.2% |
| Amounts receivable within one year | 40/41 | €172,219 | €74,705 | -€97,514 | -56.6% |
| Trade receivables | 40 | €154,385 | €56,321 | -€98,064 | -63.5% |
| Other amounts receivable | 41 | €17,834 | €18,384 | +€550 | +3.1% |
| Cash at bank and in hand | 54/58 | €6,049 | €46,132 | +€40,083 | +662.6% |
| Total equity and liabilities | 10/49 | €213,503 | €145,932 | -€67,571 | -31.6% |
| Equity | 10/15 | €27,714 | €34,847 | +€7,132 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €7,254 | €14,387 | +€7,132 | +98.3% |
| Amounts payable | 17/49 | €185,789 | €111,085 | -€74,704 | -40.2% |
| Amounts payable after more than one year | 17 | €22,483 | €13,771 | -€8,712 | -38.8% |
| Financial debts | 170/4 | €22,483 | €13,771 | -€8,712 | -38.8% |
| Amounts payable within one year | 42/48 | €163,306 | €97,315 | -€65,991 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €9,745 | €8,689 | -€1,057 | -10.8% |
| Trade debts | 44 | €131,339 | €49,907 | -€81,432 | -62.0% |
| Suppliers | 440/4 | €131,339 | €49,907 | -€81,432 | -62.0% |
| Advances received on contracts in progress | 46 | - | €7,000 | +€7,000 | |
| Taxes, remuneration and social security | 45 | €10,350 | €11,316 | +€967 | +9.3% |
| Taxes | 450/3 | €10,350 | €11,316 | +€967 | +9.3% |
| Other amounts payable | 47/48 | €11,872 | €20,403 | +€8,531 | +71.9% |
| Remuneration, social security and pensions | 62 | €404 | €579 | +€175 | +43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,276 | €11,462 | +€185 | +1.6% |
| Other operating charges | 640/8 | €1,305 | €2,606 | +€1,301 | +99.6% |
| Gross operating margin | 9900 | €27,356 | €29,809 | +€2,454 | +9.0% |
| Operating profit (loss) | 9901 | €14,370 | €15,162 | +€793 | +5.5% |
| Financial charges | 65/66B | €3,825 | €1,698 | -€2,127 | -55.6% |
| Recurring financial charges | 65 | €3,825 | €1,698 | -€2,127 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €10,544 | €13,465 | +€2,920 | +27.7% |
| Income taxes | 67/77 | €5,529 | €6,332 | +€803 | +14.5% |
| Profit (loss) for the period | 9904 | €5,015 | €7,132 | +€2,117 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,015 | €7,132 | +€2,117 | +42.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.