VLC 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.
VLC CONSTRUCT
Largest movements
- Receivables after one year +€85,470
new in 2024: €85,470
- Receivables within one year -€56,636
down €56,636 (-72.4%), from €78,224 to €21,588
of which Trade receivables: -€30,144
- Tangible fixed assets -€8,410
down €8,410 (-36.0%), from €23,358 to €14,948
of which Leasing and similar rights: -€7,751
- Cash -€3,496
down €3,496 (-82.7%), from €4,227 to €731
mainly Receivables after one year (-€85,470) and Tax, wage and social debts (-€11,808)
- Deferred charges and accrued income +€3,348
new in 2024: €3,348
- Trade debts +€29,727
up €29,727 (+159%), from €18,665 to €48,392
- Tax, wage and social debts -€11,808
down €11,808 (-60.1%), from €19,663 to €7,854
of which Remuneration and social security: -€6,181
- Profit (loss) carried forward +€8,227
up €8,227 (+18.3%), from €44,915 to €53,142
- Debts after one year -€5,870
down €5,870 (-37.4%), from €15,697 to €9,827
- Gross operating margin -€66,207
down €66,207 (-71.8%), from €92,256 to €26,048
- Staff costs -€40,400
down €40,400 (-76.5%), from €52,780 to €12,380
- Taxes -€10,205
down €10,205, from €6,330 to -€3,875
- Financial income -€947
no longer reported in 2024 (was €947)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,809 | €126,085 | +€20,276 | +19.2% |
| Fixed assets | 21/28 | €23,358 | €14,948 | -€8,410 | -36.0% |
| Tangible fixed assets | 22/27 | €23,358 | €14,948 | -€8,410 | -36.0% |
| Furniture and vehicles | 24 | €659 | - | -€659 | |
| Leasing and similar rights | 25 | €22,699 | €14,948 | -€7,751 | -34.1% |
| Current assets | 29/58 | €82,451 | €111,137 | +€28,686 | +34.8% |
| Amounts receivable after more than one year | 29 | - | €85,470 | +€85,470 | |
| Trade receivables | 290 | - | €85,470 | +€85,470 | |
| Amounts receivable within one year | 40/41 | €78,224 | €21,588 | -€56,636 | -72.4% |
| Trade receivables | 40 | €50,341 | €20,197 | -€30,144 | -59.9% |
| Other amounts receivable | 41 | €27,882 | €1,391 | -€26,492 | -95.0% |
| Cash at bank and in hand | 54/58 | €4,227 | €731 | -€3,496 | -82.7% |
| Deferred charges and accrued income | 490/1 | - | €3,348 | +€3,348 | |
| Total equity and liabilities | 10/49 | €105,809 | €126,085 | +€20,276 | +19.2% |
| Equity | 10/15 | €45,915 | €54,142 | +€8,227 | +17.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,915 | €53,142 | +€8,227 | +18.3% |
| Amounts payable | 17/49 | €59,894 | €71,943 | +€12,049 | +20.1% |
| Amounts payable after more than one year | 17 | €15,697 | €9,827 | -€5,870 | -37.4% |
| Financial debts | 170/4 | €15,697 | €9,827 | -€5,870 | -37.4% |
| Amounts payable within one year | 42/48 | €44,197 | €62,117 | +€17,919 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €5,870 | €5,870 | = | 0.0% |
| Trade debts | 44 | €18,665 | €48,392 | +€29,727 | +159% |
| Suppliers | 440/4 | €18,665 | €48,392 | +€29,727 | +159% |
| Taxes, remuneration and social security | 45 | €19,663 | €7,854 | -€11,808 | -60.1% |
| Taxes | 450/3 | €13,482 | €7,854 | -€5,628 | -41.7% |
| Remuneration and social security | 454/9 | €6,181 | - | -€6,181 | |
| Remuneration, social security and pensions | 62 | €52,780 | €12,380 | -€40,400 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,472 | €8,410 | -€61 | -0.7% |
| Other operating charges | 640/8 | €224 | - | -€224 | |
| Gross operating margin | 9900 | €92,256 | €26,048 | -€66,207 | -71.8% |
| Operating profit (loss) | 9901 | €30,780 | €5,258 | -€25,522 | -82.9% |
| Financial income | 75/76B | €947 | - | -€947 | |
| Recurring financial income | 75 | €947 | - | -€947 | |
| Financial charges | 65/66B | €1,137 | €906 | -€232 | -20.4% |
| Recurring financial charges | 65 | €1,137 | €906 | -€232 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €30,589 | €4,352 | -€26,237 | -85.8% |
| Income taxes | 67/77 | €6,330 | -€3,875 | -€10,205 | |
| Profit (loss) for the period | 9904 | €24,259 | €8,227 | -€16,032 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,259 | €8,227 | -€16,032 | -66.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.