VLM 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.
VLM Construct
Largest movements
- Receivables within one year -€21,557
down €21,557 (-90.8%), from €23,745 to €2,187
of which Trade receivables: -€22,047
- Cash -€4,538
no longer reported in 2024 (was €4,538)
mainly Trade debts (-€23,944) and Net result for the year (-€2,692)
- Tangible fixed assets -€862
down €862 (-20.1%), from €4,300 to €3,437
of which Plant, machinery and equipment: -€580
- Trade debts -€23,944
down €23,944 (-88.6%), from €27,012 to €3,069
of which Bills of exchange payable: -€20,502
- Profit (loss) carried forward -€2,692
down €2,692, from €486 to -€2,207
- Gross operating margin -€2,992
down €2,992, from €1,667 to -€1,325
- Purchases and services +€2,325
new in 2024: €2,325
- Turnover +€1,000
new in 2024: €1,000
- Taxes -€893
no longer reported in 2024 (was €893)
- Depreciation +€743
up €743 (+625.2%), from €119 to €862
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.
Cash bridge derived
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 | €32,582 | €5,624 | -€26,958 | -82.7% |
| Fixed assets | 21/28 | €4,300 | €3,437 | -€862 | -20.1% |
| Tangible fixed assets | 22/27 | €4,300 | €3,437 | -€862 | -20.1% |
| Plant, machinery and equipment | 23 | €2,852 | €2,272 | -€580 | -20.3% |
| Furniture and vehicles | 24 | €1,341 | €1,059 | -€282 | -21.1% |
| Assets under construction and advance payments | 27 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €28,283 | €2,187 | -€26,095 | -92.3% |
| Amounts receivable within one year | 40/41 | €23,745 | €2,187 | -€21,557 | -90.8% |
| Trade receivables | 40 | €23,047 | €1,000 | -€22,047 | -95.7% |
| Other amounts receivable | 41 | €697 | €1,187 | +€490 | +70.2% |
| Cash at bank and in hand | 54/58 | €4,538 | - | -€4,538 | |
| Total equity and liabilities | 10/49 | €32,582 | €5,624 | -€26,958 | -82.7% |
| Equity | 10/15 | €2,356 | -€337 | -€2,692 | |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Capital | 10 | €1,700 | - | -€1,700 | |
| Issued capital | 100 | €1,700 | - | -€1,700 | |
| Reserves | 13 | €170 | €170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170 | - | -€170 | |
| Legal reserve | 130 | €170 | - | -€170 | |
| Tax-exempt reserves | 132 | - | €170 | +€170 | |
| Profit (loss) carried forward | 14 | €486 | -€2,207 | -€2,692 | |
| Amounts payable | 17/49 | €30,227 | €5,961 | -€24,265 | -80.3% |
| Amounts payable within one year | 42/48 | €30,227 | €5,961 | -€24,265 | -80.3% |
| Trade debts | 44 | €27,012 | €3,069 | -€23,944 | -88.6% |
| Suppliers | 440/4 | €5,510 | €2,069 | -€3,441 | -62.5% |
| Bills of exchange payable | 441 | €21,502 | €1,000 | -€20,502 | -95.3% |
| Taxes, remuneration and social security | 45 | €3,214 | €2,893 | -€322 | -10.0% |
| Taxes | 450/3 | €893 | €893 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,322 | €2,000 | -€322 | -13.9% |
| Turnover | 70 | - | €1,000 | +€1,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,325 | +€2,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €862 | +€743 | +625.2% |
| Other operating charges | 640/8 | - | €505 | +€505 | |
| Gross operating margin | 9900 | €1,667 | -€1,325 | -€2,992 | |
| Operating profit (loss) | 9901 | €1,548 | -€2,692 | -€4,241 | |
| Profit (loss) for the period before taxes | 9903 | €1,548 | -€2,692 | -€4,241 | |
| Income taxes | 67/77 | €893 | - | -€893 | |
| Profit (loss) for the period | 9904 | €656 | -€2,692 | -€3,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €656 | -€2,692 | -€3,348 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.