VPM 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.
VPM CONSTRUCT
Largest movements
- Current investments +€29,756
new in 2025: €29,756
- Cash -€13,641
no longer reported in 2025 (was €13,641)
mainly Current investments (-€29,756) and Other debts (-€1,179)
- Receivables within one year -€3,320
down €3,320 (-97.5%), from €3,406 to €86
of which Trade receivables: -€3,406
- Trade debts +€10,871
up €10,871 (+75.4%), from €14,422 to €25,293
- Profit (loss) carried forward +€2,228
up €2,228, from -€1,919 to €309
- Other debts -€1,179
down €1,179 (-70.6%), from €1,669 to €490
- Tax, wage and social debts +€750
new in 2025: €750
- Turnover +€71,238
up €71,238 (+68.3%), from €104,230 to €175,468
- Purchases and services +€67,109
up €67,109 (+65.3%), from €102,775 to €169,884
- Gross operating margin +€4,129
up €4,129 (+283.8%), from €1,455 to €5,584
- Staff costs -€1,810
down €1,810 (-74.1%), from €2,444 to €634
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 | €17,172 | €29,842 | +€12,670 | +73.8% |
| Fixed assets | 21/28 | €125 | - | -€125 | |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €17,047 | €29,842 | +€12,795 | +75.1% |
| Amounts receivable within one year | 40/41 | €3,406 | €86 | -€3,320 | -97.5% |
| Trade receivables | 40 | €3,406 | - | -€3,406 | |
| Other amounts receivable | 41 | - | €86 | +€86 | |
| Current investments | 50/53 | - | €29,756 | +€29,756 | |
| Cash at bank and in hand | 54/58 | €13,641 | - | -€13,641 | |
| Total equity and liabilities | 10/49 | €17,172 | €29,842 | +€12,670 | +73.8% |
| Equity | 10/15 | €1,081 | €3,309 | +€2,228 | +206.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,919 | €309 | +€2,228 | |
| Amounts payable | 17/49 | €16,091 | €26,533 | +€10,442 | +64.9% |
| Amounts payable within one year | 42/48 | €16,091 | €26,533 | +€10,442 | +64.9% |
| Trade debts | 44 | €14,422 | €25,293 | +€10,871 | +75.4% |
| Suppliers | 440/4 | €14,422 | €25,293 | +€10,871 | +75.4% |
| Taxes, remuneration and social security | 45 | - | €750 | +€750 | |
| Taxes | 450/3 | - | €750 | +€750 | |
| Other amounts payable | 47/48 | €1,669 | €490 | -€1,179 | -70.6% |
| Turnover | 70 | €104,230 | €175,468 | +€71,238 | +68.3% |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Goods, raw materials, services and sundry goods | 60/61 | €102,775 | €169,884 | +€67,109 | +65.3% |
| Remuneration, social security and pensions | 62 | €2,444 | €634 | -€1,810 | -74.1% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Non-recurring operating charges | 66A | €3 | €1,510 | +€1,507 | +50233.3% |
| Gross operating margin | 9900 | €1,455 | €5,584 | +€4,129 | +283.8% |
| Operating profit (loss) | 9901 | -€1,764 | €3,040 | +€4,804 | |
| Financial charges | 65/66B | €155 | €62 | -€93 | -60.0% |
| Recurring financial charges | 65 | €155 | €62 | -€93 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,919 | €2,978 | +€4,897 | |
| Income taxes | 67/77 | - | €750 | +€750 | |
| Profit (loss) for the period | 9904 | -€1,919 | €2,228 | +€4,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,919 | €2,228 | +€4,147 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.