VL GRONDWERKEN: what changed
VL GRONDWERKEN
Largest movements
- Tangible fixed assets +€73,677
up €73,677 (+233%), from €31,634 to €105,312
of which Leasing and similar rights: +€78,966
- Cash +€27,227
up €27,227 (+57,904%), from €47 to €27,274
mainly Debts after one year (+€64,067) and Current portion of long-term debt (+€36,120)
- Receivables within one year -€19,019
down €19,019 (-8.4%), from €226,049 to €207,030
of which Trade receivables: -€29,154
- Deferred charges and accrued income -€3,671
down €3,671 (-72.4%), from €5,068 to €1,397
- Debts after one year +€64,067
up €64,067 (+1,174%), from €5,457 to €69,524
- Current portion of long-term debt +€36,120
up €36,120 (+1,060%), from €3,406 to €39,527
- Short-term financial debts -€31,271
no longer reported in 2024 (was €31,271)
- Reserves +€20,775
up €20,775 (+34.4%), from €60,305 to €81,080
- Trade debts -€8,360
down €8,360 (-6.4%), from €130,927 to €122,568
- Staff costs +€33,070
up €33,070 (+14.1%), from €234,832 to €267,903
- Depreciation +€10,543
up €10,543 (+110%), from €9,601 to €20,145
- Taxes -€9,377
down €9,377 (-63.5%), from €14,765 to €5,387
- Other operating charges +€8,102
up €8,102 (+64.1%), from €12,631 to €20,734
- Gross operating margin +€7,207
up €7,207 (+2.1%), from €335,495 to €342,702
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,798 | €341,012 | +€78,214 | +29.8% |
| Fixed assets | 21/28 | €31,634 | €105,312 | +€73,677 | +233% |
| Tangible fixed assets | 22/27 | €31,634 | €105,312 | +€73,677 | +233% |
| Plant, machinery and equipment | 23 | €6,871 | €8,400 | +€1,529 | +22.2% |
| Furniture and vehicles | 24 | €24,763 | €17,946 | -€6,818 | -27.5% |
| Leasing and similar rights | 25 | - | €78,966 | +€78,966 | |
| Current assets | 29/58 | €231,164 | €235,701 | +€4,537 | +2.0% |
| Amounts receivable within one year | 40/41 | €226,049 | €207,030 | -€19,019 | -8.4% |
| Trade receivables | 40 | €212,622 | €183,468 | -€29,154 | -13.7% |
| Other amounts receivable | 41 | €13,426 | €23,562 | +€10,136 | +75.5% |
| Cash at bank and in hand | 54/58 | €47 | €27,274 | +€27,227 | +57,904% |
| Deferred charges and accrued income | 490/1 | €5,068 | €1,397 | -€3,671 | -72.4% |
| Total equity and liabilities | 10/49 | €262,798 | €341,012 | +€78,214 | +29.8% |
| Equity | 10/15 | €62,805 | €83,580 | +€20,775 | +33.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €60,305 | €81,080 | +€20,775 | +34.4% |
| Distributable reserves | 133 | €60,305 | €81,080 | +€20,775 | +34.4% |
| Amounts payable | 17/49 | €199,993 | €257,432 | +€57,439 | +28.7% |
| Amounts payable after more than one year | 17 | €5,457 | €69,524 | +€64,067 | +1,174% |
| Financial debts | 170/4 | €5,457 | €69,524 | +€64,067 | +1,174% |
| Amounts payable within one year | 42/48 | €194,537 | €187,909 | -€6,628 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €3,406 | €39,527 | +€36,120 | +1,060% |
| Financial debts | 43 | €31,271 | - | -€31,271 | |
| Credit institutions | 430/8 | €31,271 | - | -€31,271 | |
| Trade debts | 44 | €130,927 | €122,568 | -€8,360 | -6.4% |
| Suppliers | 440/4 | €130,927 | €122,568 | -€8,360 | -6.4% |
| Taxes, remuneration and social security | 45 | €22,386 | €25,815 | +€3,429 | +15.3% |
| Taxes | 450/3 | €14,765 | €18,027 | +€3,262 | +22.1% |
| Remuneration and social security | 454/9 | €7,621 | €7,788 | +€167 | +2.2% |
| Other amounts payable | 47/48 | €6,546 | - | -€6,546 | |
| Remuneration, social security and pensions | 62 | €234,832 | €267,903 | +€33,070 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,601 | €20,145 | +€10,543 | +110% |
| Other operating charges | 640/8 | €12,631 | €20,734 | +€8,102 | +64.1% |
| Non-recurring operating charges | 66A | - | €311 | +€311 | |
| Gross operating margin | 9900 | €335,495 | €342,702 | +€7,207 | +2.1% |
| Operating profit (loss) | 9901 | €78,430 | €33,611 | -€44,819 | -57.1% |
| Financial income | 75/76B | €144 | €121 | -€24 | -16.4% |
| Recurring financial income | 75 | €144 | €121 | -€24 | -16.4% |
| Financial charges | 65/66B | €3,504 | €7,569 | +€4,064 | +116% |
| Recurring financial charges | 65 | €3,504 | €7,569 | +€4,064 | +116% |
| Profit (loss) for the period before taxes | 9903 | €75,070 | €26,162 | -€48,908 | -65.1% |
| Income taxes | 67/77 | €14,765 | €5,387 | -€9,377 | -63.5% |
| Profit (loss) for the period | 9904 | €60,305 | €20,775 | -€39,530 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,305 | €20,775 | -€39,530 | -65.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.