VV Build Immo Projects: 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.
VV Build Immo Projects
Largest movements
- Stocks and contracts -€394,085
down €394,085 (-59.4%), from €663,195 to €269,110
- Receivables within one year +€144,000
new in 2025: €144,000
- Cash +€105,606
new in 2025: €105,606
mainly Stocks and contracts (+€394,085) and Net result for the year (+€33,647)
- Debts after one year -€196,798
down €196,798 (-19.8%), from €991,809 to €795,011
- Reserves +€23,382
up €23,382 (+436%), from €5,357 to €28,739
- Tax, wage and social debts +€11,972
new in 2025: €11,972
- Profit (loss) carried forward +€10,265
no longer reported in 2025 (was -€10,265)
- Gross operating margin +€59,273
up €59,273 (+182%), from €32,630 to €91,903
- Taxes +€11,972
new in 2025: €11,972
- Other operating charges +€3,232
up €3,232 (+334%), from €967 to €4,199
- Depreciation +€3,018
up €3,018 (+94.4%), from €3,198 to €6,216
- Financial charges -€2,861
down €2,861 (-7.4%), from €38,730 to €35,869
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 | €1,009,609 | €858,916 | -€150,693 | -14.9% |
| Formation expenses | 20 | €408 | - | -€408 | |
| Fixed assets | 21/28 | €345,698 | €339,891 | -€5,807 | -1.7% |
| Tangible fixed assets | 22/27 | €345,698 | €339,891 | -€5,807 | -1.7% |
| Land and buildings | 22 | €345,698 | €339,891 | -€5,807 | -1.7% |
| Current assets | 29/58 | €663,503 | €519,025 | -€144,478 | -21.8% |
| Stocks and contracts in progress | 3 | €663,195 | €269,110 | -€394,085 | -59.4% |
| Stocks | 30/36 | €663,195 | €269,110 | -€394,085 | -59.4% |
| Amounts receivable within one year | 40/41 | - | €144,000 | +€144,000 | |
| Other amounts receivable | 41 | - | €144,000 | +€144,000 | |
| Cash at bank and in hand | 54/58 | - | €105,606 | +€105,606 | |
| Deferred charges and accrued income | 490/1 | €308 | €309 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €1,009,609 | €858,916 | -€150,693 | -14.9% |
| Equity | 10/15 | €5,092 | €38,739 | +€33,647 | +661% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,357 | €28,739 | +€23,382 | +436% |
| Distributable reserves | 133 | €5,357 | €28,739 | +€23,382 | +436% |
| Profit (loss) carried forward | 14 | -€10,265 | - | +€10,265 | |
| Amounts payable | 17/49 | €1,004,517 | €820,177 | -€184,340 | -18.4% |
| Amounts payable after more than one year | 17 | €991,809 | €795,011 | -€196,798 | -19.8% |
| Financial debts | 170/4 | €991,809 | €795,011 | -€196,798 | -19.8% |
| Amounts payable within one year | 42/48 | €5,783 | €12,271 | +€6,488 | +112% |
| Financial debts | 43 | €4,556 | - | -€4,556 | |
| Credit institutions | 430/8 | €4,556 | - | -€4,556 | |
| Trade debts | 44 | €1,227 | €299 | -€928 | -75.6% |
| Suppliers | 440/4 | €1,227 | €299 | -€928 | -75.6% |
| Taxes, remuneration and social security | 45 | - | €11,972 | +€11,972 | |
| Taxes | 450/3 | - | €11,972 | +€11,972 | |
| Accrued charges and deferred income | 492/3 | €6,925 | €12,895 | +€5,970 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,198 | €6,216 | +€3,018 | +94.4% |
| Other operating charges | 640/8 | €967 | €4,199 | +€3,232 | +334% |
| Gross operating margin | 9900 | €32,630 | €91,903 | +€59,273 | +182% |
| Operating profit (loss) | 9901 | €28,465 | €81,488 | +€53,023 | +186% |
| Financial charges | 65/66B | €38,730 | €35,869 | -€2,861 | -7.4% |
| Recurring financial charges | 65 | €38,730 | €35,869 | -€2,861 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,265 | €45,619 | +€55,884 | |
| Income taxes | 67/77 | - | €11,972 | +€11,972 | |
| Profit (loss) for the period | 9904 | -€10,265 | €33,647 | +€43,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,265 | €33,647 | +€43,912 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.