VITO VAN SAET 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.
VITO VAN SAET CONSTRUCT
Largest movements
- Financial fixed assets +€475,000
up €475,000 (+100%), from €475,000 to €950,000
- Cash -€111,687
down €111,687 (-97.0%), from €115,195 to €3,509
mainly Investment in fixed assets (net) (-€490,789) and Tax, wage and social debts (-€82,192)
- Debts after one year +€282,389
up €282,389 (+101%), from €280,111 to €562,500
- Tax, wage and social debts -€82,192
down €82,192 (-72.6%), from €113,234 to €31,041
- Other debts +€82,182
up €82,182 (+1,392%), from €5,905 to €88,087
- Current portion of long-term debt +€51,010
up €51,010 (+93.8%), from €54,396 to €105,405
- Reserves +€42,995
up €42,995 (+16.7%), from €256,692 to €299,688
- Gross operating margin +€12,507
up €12,507 (+16.8%), from €74,522 to €87,029
- Financial charges +€11,069
up €11,069 (+77.6%), from €14,260 to €25,329
- Depreciation -€9,200
down €9,200 (-69.2%), from €13,292 to €4,092
- Other operating charges +€1,480
up €1,480 (+124%), from €1,190 to €2,669
- Taxes -€915
down €915 (-6.8%), from €13,507 to €12,592
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.
Derived cash bridge
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 | €821,557 | €1,193,578 | +€372,021 | +45.3% |
| Fixed assets | 21/28 | €593,642 | €1,080,339 | +€486,697 | +82.0% |
| Tangible fixed assets | 22/27 | €118,642 | €130,339 | +€11,697 | +9.9% |
| Land and buildings | 22 | €117,639 | €129,991 | +€12,352 | +10.5% |
| Plant, machinery and equipment | 23 | €1,003 | €348 | -€655 | -65.3% |
| Financial fixed assets | 28 | €475,000 | €950,000 | +€475,000 | +100% |
| Current assets | 29/58 | €227,915 | €113,240 | -€114,675 | -50.3% |
| Amounts receivable within one year | 40/41 | €111,976 | €108,426 | -€3,550 | -3.2% |
| Trade receivables | 40 | €111,925 | €108,278 | -€3,647 | -3.3% |
| Other amounts receivable | 41 | €51 | €148 | +€97 | +190% |
| Cash at bank and in hand | 54/58 | €115,195 | €3,509 | -€111,687 | -97.0% |
| Deferred charges and accrued income | 490/1 | €743 | €1,305 | +€561 | +75.5% |
| Total equity and liabilities | 10/49 | €821,557 | €1,193,578 | +€372,021 | +45.3% |
| Equity | 10/15 | €356,692 | €399,688 | +€42,995 | +12.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €256,692 | €299,688 | +€42,995 | +16.7% |
| Distributable reserves | 133 | €256,692 | €299,688 | +€42,995 | +16.7% |
| Amounts payable | 17/49 | €464,865 | €793,890 | +€329,026 | +70.8% |
| Amounts payable after more than one year | 17 | €280,111 | €562,500 | +€282,389 | +101% |
| Financial debts | 170/4 | €280,111 | €562,500 | +€282,389 | +101% |
| Amounts payable within one year | 42/48 | €184,754 | €230,016 | +€45,262 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €54,396 | €105,405 | +€51,010 | +93.8% |
| Trade debts | 44 | €11,220 | €5,482 | -€5,738 | -51.1% |
| Suppliers | 440/4 | €11,220 | €5,482 | -€5,738 | -51.1% |
| Taxes, remuneration and social security | 45 | €113,234 | €31,041 | -€82,192 | -72.6% |
| Taxes | 450/3 | €113,234 | €31,041 | -€82,192 | -72.6% |
| Other amounts payable | 47/48 | €5,905 | €88,087 | +€82,182 | +1,392% |
| Accrued charges and deferred income | 492/3 | - | €1,375 | +€1,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,292 | €4,092 | -€9,200 | -69.2% |
| Other operating charges | 640/8 | €1,190 | €2,669 | +€1,480 | +124% |
| Gross operating margin | 9900 | €74,522 | €87,029 | +€12,507 | +16.8% |
| Operating profit (loss) | 9901 | €60,040 | €80,267 | +€20,227 | +33.7% |
| Financial income | 75/76B | - | €650 | +€650 | |
| Recurring financial income | 75 | - | €650 | +€650 | |
| Financial charges | 65/66B | €14,260 | €25,329 | +€11,069 | +77.6% |
| Recurring financial charges | 65 | €14,260 | €25,329 | +€11,069 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €45,780 | €55,588 | +€9,808 | +21.4% |
| Income taxes | 67/77 | €13,507 | €12,592 | -€915 | -6.8% |
| Profit (loss) for the period | 9904 | €32,273 | €42,995 | +€10,722 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,273 | €42,995 | +€10,722 | +33.2% |
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 30 October 2026 via checked.be.