A.V.L. VAN LAER: 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.
A.V.L. VAN LAER
Largest movements
- Tangible fixed assets -€45,031
down €45,031 (-7.1%), from €637,153 to €592,122
of which Furniture and vehicles: -€39,467
- Cash +€44,996
up €44,996 (+773%), from €5,818 to €50,813
mainly Depreciation (+€264,658) and Trade debts (+€32,982)
- Receivables within one year +€13,777
up €13,777 (+11.0%), from €125,183 to €138,960
of which Other amounts receivable: +€7,486
- Trade debts +€32,982
up €32,982 (+99.6%), from €33,107 to €66,089
- Current portion of long-term debt -€21,556
down €21,556 (-12.0%), from €179,956 to €158,400
- Short-term financial debts -€20,731
down €20,731 (-86.5%), from €23,960 to €3,229
of which Credit institutions: -€23,960
- Debts after one year +€17,116
up €17,116 (+7.3%), from €234,923 to €252,039
- Depreciation +€43,572
up €43,572 (+19.7%), from €221,085 to €264,658
- Taxes -€16,816
down €16,816 (-84.3%), from €19,939 to €3,124
- Staff costs +€5,502
up €5,502 (+7.8%), from €70,540 to €76,042
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 | €771,258 | €790,615 | +€19,356 | +2.5% |
| Fixed assets | 21/28 | €637,228 | €592,197 | -€45,031 | -7.1% |
| Tangible fixed assets | 22/27 | €637,153 | €592,122 | -€45,031 | -7.1% |
| Land and buildings | 22 | €75,653 | €70,089 | -€5,564 | -7.4% |
| Furniture and vehicles | 24 | €561,501 | €522,033 | -€39,467 | -7.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €134,030 | €198,417 | +€64,388 | +48.0% |
| Amounts receivable within one year | 40/41 | €125,183 | €138,960 | +€13,777 | +11.0% |
| Trade receivables | 40 | €99,321 | €105,612 | +€6,291 | +6.3% |
| Other amounts receivable | 41 | €25,862 | €33,348 | +€7,486 | +28.9% |
| Cash at bank and in hand | 54/58 | €5,818 | €50,813 | +€44,996 | +773% |
| Deferred charges and accrued income | 490/1 | €3,030 | €8,645 | +€5,615 | +185% |
| Total equity and liabilities | 10/49 | €771,258 | €790,615 | +€19,356 | +2.5% |
| Equity | 10/15 | €269,253 | €272,146 | +€2,893 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €250,661 | €253,554 | +€2,893 | +1.2% |
| Distributable reserves | 133 | €250,661 | €253,554 | +€2,893 | +1.2% |
| Amounts payable | 17/49 | €502,006 | €518,468 | +€16,463 | +3.3% |
| Amounts payable after more than one year | 17 | €234,923 | €252,039 | +€17,116 | +7.3% |
| Financial debts | 170/4 | €234,923 | €252,039 | +€17,116 | +7.3% |
| Amounts payable within one year | 42/48 | €267,082 | €266,429 | -€653 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €179,956 | €158,400 | -€21,556 | -12.0% |
| Financial debts | 43 | €23,960 | €3,229 | -€20,731 | -86.5% |
| Credit institutions | 430/8 | €23,960 | €0 | -€23,960 | -100% |
| Other loans | 439 | - | €3,229 | +€3,229 | |
| Trade debts | 44 | €33,107 | €66,089 | +€32,982 | +99.6% |
| Suppliers | 440/4 | €33,107 | €66,089 | +€32,982 | +99.6% |
| Advances received on contracts in progress | 46 | €10,997 | €13,306 | +€2,309 | +21.0% |
| Taxes, remuneration and social security | 45 | €19,062 | €25,405 | +€6,343 | +33.3% |
| Taxes | 450/3 | €3,514 | €8,195 | +€4,682 | +133% |
| Remuneration and social security | 454/9 | €15,549 | €17,210 | +€1,661 | +10.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €53,701 | €16,141 | -€37,560 | -69.9% |
| Remuneration, social security and pensions | 62 | €70,540 | €76,042 | +€5,502 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,085 | €264,658 | +€43,572 | +19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €280 | €0 | -€280 | -100% |
| Other operating charges | 640/8 | €31,427 | €28,521 | -€2,906 | -9.2% |
| Non-recurring operating charges | 66A | €3,394 | €9,122 | +€5,728 | +169% |
| Gross operating margin | 9900 | €409,449 | €408,361 | -€1,088 | -0.3% |
| Operating profit (loss) | 9901 | €82,723 | €30,018 | -€52,705 | -63.7% |
| Financial income | 75/76B | €927 | €628 | -€299 | -32.3% |
| Recurring financial income | 75 | €927 | €628 | -€299 | -32.3% |
| Financial charges | 65/66B | €24,546 | €24,629 | +€82 | +0.3% |
| Recurring financial charges | 65 | €24,546 | €24,629 | +€82 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €59,104 | €6,017 | -€53,087 | -89.8% |
| Income taxes | 67/77 | €19,939 | €3,124 | -€16,816 | -84.3% |
| Profit (loss) for the period | 9904 | €39,165 | €2,893 | -€36,271 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,165 | €2,893 | -€36,271 | -92.6% |
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 30 October 2026 via checked.be.