VVO Builds: 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.
VVO Builds
Largest movements
- Tangible fixed assets -€80,080
down €80,080 (-4.6%), from €1.7m to €1.7m
- Debts after one year -€126,222
down €126,222 (-8.4%), from €1.5m to €1.4m
- Profit (loss) carried forward +€39,747
up €39,747 (+47.5%), from -€83,692 to -€43,945
- Gross operating margin +€4,250
up €4,250 (+2.8%), from €153,000 to €157,250
- Financial charges -€2,699
down €2,699 (-11.0%), from €24,456 to €21,757
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,744,396 | €1,659,311 | -€85,085 | -4.9% |
| Fixed assets | 21/28 | €1,730,505 | €1,650,425 | -€80,080 | -4.6% |
| Tangible fixed assets | 22/27 | €1,730,505 | €1,650,425 | -€80,080 | -4.6% |
| Land and buildings | 22 | €1,730,505 | €1,650,425 | -€80,080 | -4.6% |
| Current assets | 29/58 | €13,892 | €8,886 | -€5,006 | -36.0% |
| Amounts receivable within one year | 40/41 | €3,523 | €3,958 | +€435 | +12.3% |
| Trade receivables | 40 | - | €908 | +€908 | |
| Other amounts receivable | 41 | €3,523 | €3,050 | -€473 | -13.4% |
| Cash at bank and in hand | 54/58 | €10,369 | €4,928 | -€5,441 | -52.5% |
| Total equity and liabilities | 10/49 | €1,744,396 | €1,659,311 | -€85,085 | -4.9% |
| Equity | 10/15 | -€81,192 | -€41,445 | +€39,747 | +49.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,692 | -€43,945 | +€39,747 | +47.5% |
| Amounts payable | 17/49 | €1,825,589 | €1,700,756 | -€124,832 | -6.8% |
| Amounts payable after more than one year | 17 | €1,501,569 | €1,375,347 | -€126,222 | -8.4% |
| Financial debts | 170/4 | €1,501,569 | €1,375,347 | -€126,222 | -8.4% |
| Amounts payable within one year | 42/48 | €324,019 | €325,409 | +€1,390 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €124,672 | €126,222 | +€1,550 | +1.2% |
| Trade debts | 44 | €160 | - | -€160 | |
| Suppliers | 440/4 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | €199,187 | €199,187 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,080 | €80,080 | = | 0.0% |
| Other operating charges | 640/8 | €14,397 | €15,666 | +€1,269 | +8.8% |
| Gross operating margin | 9900 | €153,000 | €157,250 | +€4,250 | +2.8% |
| Operating profit (loss) | 9901 | €58,523 | €61,504 | +€2,981 | +5.1% |
| Financial charges | 65/66B | €24,456 | €21,757 | -€2,699 | -11.0% |
| Recurring financial charges | 65 | €24,456 | €21,757 | -€2,699 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €34,067 | €39,747 | +€5,680 | +16.7% |
| Profit (loss) for the period | 9904 | €34,067 | €39,747 | +€5,680 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,067 | €39,747 | +€5,680 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.