VRV & 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.
VRV & CONSTRUCT
Largest movements
- Receivables within one year +€21,064
up €21,064 (+65.8%), from €32,018 to €53,082
of which Other amounts receivable: +€21,064
- Tangible fixed assets +€13,087
up €13,087 (+193%), from €6,763 to €19,850
of which Furniture and vehicles: +€11,077
- Cash +€11,883
up €11,883 (+462%), from €2,574 to €14,457
mainly Debts after one year (+€17,618) and Net result for the year (+€16,289)
- Debts after one year +€17,618
new in 2025: €17,618
- Profit (loss) carried forward +€16,289
up €16,289 (+142%), from €11,445 to €27,734
- Contributions +€4,700
up €4,700 (+1,567%), from €300 to €5,000
- Tax, wage and social debts +€4,687
up €4,687 (+118%), from €3,977 to €8,665
- Other debts +€3,401
up €3,401 (+71.9%), from €4,727 to €8,128
- Turnover +€159,617
up €159,617 (+73.3%), from €217,724 to €377,340
- Purchases and services +€152,326
up €152,326 (+75.0%), from €203,062 to €355,389
- Gross operating margin +€13,970
up €13,970 (+84.1%), from €16,615 to €30,585
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.
Derived cash bridge
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 | €41,355 | €87,389 | +€46,034 | +111% |
| Fixed assets | 21/28 | €6,763 | €19,850 | +€13,087 | +193% |
| Tangible fixed assets | 22/27 | €6,763 | €19,850 | +€13,087 | +193% |
| Plant, machinery and equipment | 23 | €628 | €2,637 | +€2,009 | +320% |
| Furniture and vehicles | 24 | €6,136 | €17,213 | +€11,077 | +181% |
| Current assets | 29/58 | €34,592 | €67,539 | +€32,947 | +95.2% |
| Amounts receivable within one year | 40/41 | €32,018 | €53,082 | +€21,064 | +65.8% |
| Trade receivables | 40 | €19,451 | €19,451 | = | 0.0% |
| Other amounts receivable | 41 | €12,567 | €33,631 | +€21,064 | +168% |
| Cash at bank and in hand | 54/58 | €2,574 | €14,457 | +€11,883 | +462% |
| Total equity and liabilities | 10/49 | €41,355 | €87,389 | +€46,034 | +111% |
| Equity | 10/15 | €11,745 | €32,734 | +€20,989 | +179% |
| Contributions | 10/11 | €300 | €5,000 | +€4,700 | +1,567% |
| Profit (loss) carried forward | 14 | €11,445 | €27,734 | +€16,289 | +142% |
| Amounts payable | 17/49 | €29,610 | €54,655 | +€25,045 | +84.6% |
| Amounts payable after more than one year | 17 | - | €17,618 | +€17,618 | |
| Financial debts | 170/4 | - | €17,618 | +€17,618 | |
| Amounts payable within one year | 42/48 | €29,610 | €37,037 | +€7,427 | +25.1% |
| Trade debts | 44 | €20,905 | €20,244 | -€661 | -3.2% |
| Suppliers | 440/4 | €20,905 | €20,244 | -€661 | -3.2% |
| Taxes, remuneration and social security | 45 | €3,977 | €8,665 | +€4,687 | +118% |
| Taxes | 450/3 | €3,977 | €8,665 | +€4,687 | +118% |
| Other amounts payable | 47/48 | €4,727 | €8,128 | +€3,401 | +71.9% |
| Turnover | 70 | €217,724 | €377,340 | +€159,617 | +73.3% |
| Non-recurring operating income | 76A | €1,954 | - | -€1,954 | |
| Goods, raw materials, services and sundry goods | 60/61 | €203,062 | €355,389 | +€152,326 | +75.0% |
| Remuneration, social security and pensions | 62 | €1,101 | €817 | -€283 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,622 | €5,486 | +€1,864 | +51.4% |
| Other operating charges | 640/8 | €553 | €1,944 | +€1,391 | +252% |
| Gross operating margin | 9900 | €16,615 | €30,585 | +€13,970 | +84.1% |
| Operating profit (loss) | 9901 | €11,339 | €22,338 | +€10,998 | +97.0% |
| Financial income | 75/76B | €101 | €71 | -€29 | -29.1% |
| Recurring financial income | 75 | €101 | €71 | -€29 | -29.1% |
| Financial charges | 65/66B | €193 | €46 | -€147 | -76.2% |
| Recurring financial charges | 65 | €193 | €46 | -€147 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €11,247 | €22,363 | +€11,116 | +98.8% |
| Income taxes | 67/77 | €2,591 | €6,074 | +€3,483 | +134% |
| Profit (loss) for the period | 9904 | €8,656 | €16,289 | +€7,633 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,656 | €16,289 | +€7,633 | +88.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.