VVD CONSTRUCT: what changed
VVD CONSTRUCT
Largest movements
- Receivables within one year -€19,074
no longer reported in 2025 (was €19,074)
of which Trade receivables: -€14,922
- Tangible fixed assets +€8,898
up €8,898, from €0 to €8,898
of which Furniture and vehicles: +€7,645
- Cash +€1,406
up €1,406 (+25.6%), from €5,487 to €6,893
mainly Receivables within one year (+€19,074) and Trade debts (+€5,081)
- Stocks and contracts +€955
up €955 (+5.8%), from €16,332 to €17,288
- Profit (loss) carried forward -€16,962
down €16,962, from €14,353 to -€2,609
- Trade debts +€5,081
up €5,081 (+127%), from €3,996 to €9,077
- Tax, wage and social debts +€4,601
up €4,601 (+245%), from €1,875 to €6,476
- Reserves -€2,791
down €2,791 (-46.1%), from €6,059 to €3,267
- Other debts +€2,395
up €2,395 (+42.8%), from €5,600 to €7,995
- Gross operating margin -€18,585
down €18,585, from €8,304 to -€10,281
- Financial charges +€3,445
up €3,445, from -€873 to €2,572
- Taxes -€2,290
down €2,290 (-82.0%), from €2,791 to €502
- Other operating charges +€673
up €673 (+28.3%), from €2,383 to €3,056
- Depreciation -€184
down €184 (-25.0%), from €735 to €552
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,893 | €33,216 | -€7,677 | -18.8% |
| Fixed assets | 21/28 | €0 | €8,898 | +€8,898 | |
| Tangible fixed assets | 22/27 | €0 | €8,898 | +€8,898 | |
| Plant, machinery and equipment | 23 | - | €1,253 | +€1,253 | |
| Furniture and vehicles | 24 | €0 | €7,645 | +€7,645 | |
| Current assets | 29/58 | €40,893 | €24,318 | -€16,576 | -40.5% |
| Stocks and contracts in progress | 3 | €16,332 | €17,288 | +€955 | +5.8% |
| Stocks | 30/36 | €16,332 | €17,288 | +€955 | +5.8% |
| Amounts receivable within one year | 40/41 | €19,074 | - | -€19,074 | |
| Trade receivables | 40 | €14,922 | - | -€14,922 | |
| Other amounts receivable | 41 | €4,152 | - | -€4,152 | |
| Cash at bank and in hand | 54/58 | €5,487 | €6,893 | +€1,406 | +25.6% |
| Deferred charges and accrued income | 490/1 | - | €137 | +€137 | |
| Total equity and liabilities | 10/49 | €40,893 | €33,216 | -€7,677 | -18.8% |
| Equity | 10/15 | €29,422 | €9,668 | -€19,754 | -67.1% |
| Contributions | 10/11 | €9,010 | €9,010 | = | 0.0% |
| Reserves | 13 | €6,059 | €3,267 | -€2,791 | -46.1% |
| Distributable reserves | 133 | €6,059 | €3,267 | -€2,791 | -46.1% |
| Profit (loss) carried forward | 14 | €14,353 | -€2,609 | -€16,962 | |
| Amounts payable | 17/49 | €11,471 | €23,548 | +€12,077 | +105% |
| Amounts payable within one year | 42/48 | €11,471 | €23,548 | +€12,077 | +105% |
| Trade debts | 44 | €3,996 | €9,077 | +€5,081 | +127% |
| Suppliers | 440/4 | €3,996 | €9,077 | +€5,081 | +127% |
| Taxes, remuneration and social security | 45 | €1,875 | €6,476 | +€4,601 | +245% |
| Taxes | 450/3 | €1,875 | €6,476 | +€4,601 | +245% |
| Other amounts payable | 47/48 | €5,600 | €7,995 | +€2,395 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €552 | -€184 | -25.0% |
| Other operating charges | 640/8 | €2,383 | €3,056 | +€673 | +28.3% |
| Gross operating margin | 9900 | €8,304 | -€10,281 | -€18,585 | |
| Operating profit (loss) | 9901 | €5,185 | -€13,889 | -€19,074 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -89.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -89.7% |
| Financial charges | 65/66B | -€873 | €2,572 | +€3,445 | |
| Recurring financial charges | 65 | -€873 | €2,572 | +€3,445 | |
| Profit (loss) for the period before taxes | 9903 | €6,059 | -€16,461 | -€22,519 | |
| Income taxes | 67/77 | €2,791 | €502 | -€2,290 | -82.0% |
| Profit (loss) for the period | 9904 | €3,267 | -€16,962 | -€20,230 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,267 | -€16,962 | -€20,230 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.