VITAL 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.
VITAL CONSTRUCT
Largest movements
- Receivables within one year -€40,395
down €40,395 (-18.5%), from €217,858 to €177,463
of which Trade receivables: -€49,693
- Tangible fixed assets -€13,570
down €13,570 (-17.5%), from €77,426 to €63,856
of which Furniture and vehicles: -€10,956
- Tax, wage and social debts -€25,540
down €25,540 (-50.5%), from €50,592 to €25,051
of which Taxes: -€25,560
- Short-term financial debts +€19,153
up €19,153 (+59.2%), from €32,359 to €51,512
- Debts after one year -€16,219
down €16,219 (-58.8%), from €27,566 to €11,348
of which Financial debts: -€15,400
- Profit (loss) carried forward -€15,923
down €15,923 (-13.1%), from €121,320 to €105,397
- Current portion of long-term debt -€8,719
down €8,719 (-36.2%), from €24,119 to €15,400
- Gross operating margin -€11,401
down €11,401 (-87.7%), from €13,002 to €1,601
- Financial charges +€3,424
up €3,424 (+55.5%), from €6,172 to €9,596
- Financial income -€2,264
down €2,264 (-26.7%), from €8,470 to €6,206
- Other operating charges -€902
down €902 (-61.5%), from €1,467 to €565
- Depreciation +€225
up €225 (+1.7%), from €13,345 to €13,570
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 | €309,042 | €254,406 | -€54,637 | -17.7% |
| Fixed assets | 21/28 | €78,662 | €65,092 | -€13,570 | -17.3% |
| Tangible fixed assets | 22/27 | €77,426 | €63,856 | -€13,570 | -17.5% |
| Land and buildings | 22 | €65,254 | €62,640 | -€2,613 | -4.0% |
| Furniture and vehicles | 24 | €12,172 | €1,216 | -€10,956 | -90.0% |
| Financial fixed assets | 28 | €1,236 | €1,236 | = | 0.0% |
| Current assets | 29/58 | €230,380 | €189,313 | -€41,067 | -17.8% |
| Stocks and contracts in progress | 3 | €720 | €720 | = | 0.0% |
| Stocks | 30/36 | €720 | €720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €217,858 | €177,463 | -€40,395 | -18.5% |
| Trade receivables | 40 | €95,151 | €45,458 | -€49,693 | -52.2% |
| Other amounts receivable | 41 | €122,707 | €132,005 | +€9,298 | +7.6% |
| Cash at bank and in hand | 54/58 | €11,424 | €10,243 | -€1,180 | -10.3% |
| Deferred charges and accrued income | 490/1 | €379 | €887 | +€508 | +134.2% |
| Total equity and liabilities | 10/49 | €309,042 | €254,406 | -€54,637 | -17.7% |
| Equity | 10/15 | €129,375 | €113,452 | -€15,923 | -12.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,320 | €105,397 | -€15,923 | -13.1% |
| Amounts payable | 17/49 | €179,667 | €140,954 | -€38,713 | -21.5% |
| Amounts payable after more than one year | 17 | €27,566 | €11,348 | -€16,219 | -58.8% |
| Financial debts | 170/4 | €26,748 | €11,348 | -€15,400 | -57.6% |
| Other amounts payable | 178/9 | €819 | - | -€819 | |
| Amounts payable within one year | 42/48 | €152,100 | €129,606 | -€22,494 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €24,119 | €15,400 | -€8,719 | -36.2% |
| Financial debts | 43 | €32,359 | €51,512 | +€19,153 | +59.2% |
| Credit institutions | 430/8 | €32,359 | €51,512 | +€19,153 | +59.2% |
| Trade debts | 44 | €45,031 | €37,642 | -€7,388 | -16.4% |
| Suppliers | 440/4 | €45,031 | €37,642 | -€7,388 | -16.4% |
| Taxes, remuneration and social security | 45 | €50,592 | €25,051 | -€25,540 | -50.5% |
| Taxes | 450/3 | €50,592 | €25,031 | -€25,560 | -50.5% |
| Remuneration and social security | 454/9 | - | €20 | +€20 | |
| Non-recurring operating income | 76A | - | €1,286 | +€1,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,345 | €13,570 | +€225 | +1.7% |
| Other operating charges | 640/8 | €1,467 | €565 | -€902 | -61.5% |
| Gross operating margin | 9900 | €13,002 | €1,601 | -€11,401 | -87.7% |
| Operating profit (loss) | 9901 | -€1,810 | -€12,533 | -€10,723 | -592.5% |
| Financial income | 75/76B | €8,470 | €6,206 | -€2,264 | -26.7% |
| Recurring financial income | 75 | €8,470 | €6,206 | -€2,264 | -26.7% |
| Financial charges | 65/66B | €6,172 | €9,596 | +€3,424 | +55.5% |
| Recurring financial charges | 65 | €6,172 | €9,596 | +€3,424 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €488 | -€15,923 | -€16,411 | |
| Income taxes | 67/77 | €143 | - | -€143 | |
| Profit (loss) for the period | 9904 | €345 | -€15,923 | -€16,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €345 | -€15,923 | -€16,269 |
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 11 October 2026 via checked.be.