VRANCONSTRUCT: 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.
VRANCONSTRUCT
Largest movements
- Receivables within one year +€153,085
up €153,085 (+39.6%), from €386,845 to €539,930
of which Other amounts receivable: +€96,944
- Stocks and contracts +€58,037
up €58,037 (+677.0%), from €8,573 to €66,610
- Cash -€54,349
down €54,349 (-97.4%), from €55,793 to €1,444
mainly Receivables within one year (-€153,085) and Stocks and contracts (-€58,037)
- Tangible fixed assets -€11,699
down €11,699 (-29.5%), from €39,707 to €28,009
of which Plant, machinery and equipment: -€13,857
- Trade debts +€63,410
up €63,410 (+28.6%), from €221,427 to €284,837
of which Suppliers: +€70,887
- Short-term financial debts +€59,843
new in 2025: €59,843
- Profit (loss) carried forward +€48,246
up €48,246 (+49.1%), from €98,178 to €146,424
- Debts after one year -€28,190
down €28,190 (-65.3%), from €43,155 to €14,965
- Current portion of long-term debt +€11,605
up €11,605 (+31.9%), from €36,352 to €47,956
- Purchases and services +€443,473
up €443,473 (+25.7%), from €1.7m to €2.2m
- Turnover +€439,278
up €439,278 (+22.6%), from €1.9m to €2.4m
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 | €501,568 | €647,906 | +€146,338 | +29.2% |
| Fixed assets | 21/28 | €50,357 | €38,658 | -€11,699 | -23.2% |
| Tangible fixed assets | 22/27 | €39,707 | €28,009 | -€11,699 | -29.5% |
| Plant, machinery and equipment | 23 | €39,707 | €25,850 | -€13,857 | -34.9% |
| Furniture and vehicles | 24 | - | €2,158 | +€2,158 | |
| Financial fixed assets | 28 | €10,650 | €10,650 | = | 0.0% |
| Current assets | 29/58 | €451,211 | €609,248 | +€158,037 | +35.0% |
| Stocks and contracts in progress | 3 | €8,573 | €66,610 | +€58,037 | +677.0% |
| Contracts in progress | 37 | €8,573 | €66,610 | +€58,037 | +677.0% |
| Amounts receivable within one year | 40/41 | €386,845 | €539,930 | +€153,085 | +39.6% |
| Trade receivables | 40 | €171,449 | €227,590 | +€56,141 | +32.7% |
| Other amounts receivable | 41 | €215,397 | €312,341 | +€96,944 | +45.0% |
| Cash at bank and in hand | 54/58 | €55,793 | €1,444 | -€54,349 | -97.4% |
| Deferred charges and accrued income | 490/1 | - | €1,264 | +€1,264 | |
| Total equity and liabilities | 10/49 | €501,568 | €647,906 | +€146,338 | +29.2% |
| Equity | 10/15 | €169,238 | €217,484 | +€48,246 | +28.5% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €56,860 | €56,860 | = | 0.0% |
| Distributable reserves | 133 | €56,860 | €56,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,178 | €146,424 | +€48,246 | +49.1% |
| Amounts payable | 17/49 | €332,330 | €430,423 | +€98,092 | +29.5% |
| Amounts payable after more than one year | 17 | €43,155 | €14,965 | -€28,190 | -65.3% |
| Financial debts | 170/4 | €43,155 | €14,965 | -€28,190 | -65.3% |
| Amounts payable within one year | 42/48 | €289,175 | €415,457 | +€126,282 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €36,352 | €47,956 | +€11,605 | +31.9% |
| Financial debts | 43 | - | €59,843 | +€59,843 | |
| Credit institutions | 430/8 | - | €59,843 | +€59,843 | |
| Trade debts | 44 | €221,427 | €284,837 | +€63,410 | +28.6% |
| Suppliers | 440/4 | €103,302 | €174,188 | +€70,887 | +68.6% |
| Bills of exchange payable | 441 | €118,125 | €110,649 | -€7,476 | -6.3% |
| Taxes, remuneration and social security | 45 | €31,396 | €22,821 | -€8,575 | -27.3% |
| Taxes | 450/3 | €29,661 | €22,821 | -€6,840 | -23.1% |
| Remuneration and social security | 454/9 | €1,735 | - | -€1,735 | |
| Turnover | 70 | €1,943,516 | €2,382,794 | +€439,278 | +22.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,723,315 | €2,166,788 | +€443,473 | +25.7% |
| Remuneration, social security and pensions | 62 | €83,442 | €71,286 | -€12,156 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,375 | €16,015 | +€1,641 | +11.4% |
| Other operating charges | 640/8 | €15,370 | €1,804 | -€13,566 | -88.3% |
| Gross operating margin | 9900 | €220,201 | €216,006 | -€4,195 | -1.9% |
| Operating profit (loss) | 9901 | €107,014 | €126,901 | +€19,887 | +18.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €12,320 | €7,995 | -€4,325 | -35.1% |
| Recurring financial charges | 65 | €12,320 | €7,995 | -€4,325 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €94,695 | €118,906 | +€24,210 | +25.6% |
| Income taxes | 67/77 | €31,342 | €31,660 | +€319 | +1.0% |
| Profit (loss) for the period | 9904 | €63,354 | €87,246 | +€23,892 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,354 | €87,246 | +€23,892 | +37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.