A. VAN LOOVEREN: 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. VAN LOOVEREN
Largest movements
- Current investments +€350,000
up €350,000 (+35.0%), from €1.0m to €1.4m
- Trade debts +€175,100
up €175,100 (+59.6%), from €293,732 to €468,833
- Reserves +€131,922
up €131,922 (+11.2%), from €1.2m to €1.3m
of which Distributable reserves: +€131,922
- Other debts +€56,500
up €56,500 (+11.7%), from €482,853 to €539,353
- Tax, wage and social debts -€30,765
down €30,765 (-62.1%), from €49,527 to €18,763
of which Taxes: -€15,427
- Gross operating margin +€67,940
up €67,940 (+22.5%), from €302,015 to €369,955
- Staff costs -€33,881
down €33,881 (-36.8%), from €92,165 to €58,285
- Taxes +€19,602
up €19,602 (+78.0%), from €25,127 to €44,729
- Financial income -€16,990
down €16,990 (-85.8%), from €19,800 to €2,810
- Depreciation -€11,912
down €11,912 (-23.6%), from €50,396 to €38,483
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 | €2,018,554 | €2,352,311 | +€333,757 | +16.5% |
| Fixed assets | 21/28 | €62,100 | €52,845 | -€9,255 | -14.9% |
| Tangible fixed assets | 22/27 | €57,261 | €48,007 | -€9,255 | -16.2% |
| Land and buildings | 22 | €7,988 | €3,994 | -€3,994 | -50.0% |
| Plant, machinery and equipment | 23 | €30,500 | €34,945 | +€4,445 | +14.6% |
| Furniture and vehicles | 24 | €18,773 | €9,068 | -€9,706 | -51.7% |
| Financial fixed assets | 28 | €4,839 | €4,839 | = | 0.0% |
| Current assets | 29/58 | €1,956,454 | €2,299,466 | +€343,012 | +17.5% |
| Amounts receivable within one year | 40/41 | €509,805 | €515,665 | +€5,860 | +1.1% |
| Trade receivables | 40 | €393,742 | €413,825 | +€20,084 | +5.1% |
| Other amounts receivable | 41 | €116,063 | €101,839 | -€14,224 | -12.3% |
| Current investments | 50/53 | €1,000,060 | €1,350,060 | +€350,000 | +35.0% |
| Cash at bank and in hand | 54/58 | €438,755 | €433,741 | -€5,014 | -1.1% |
| Deferred charges and accrued income | 490/1 | €7,834 | - | -€7,834 | |
| Total equity and liabilities | 10/49 | €2,018,554 | €2,352,311 | +€333,757 | +16.5% |
| Equity | 10/15 | €1,192,441 | €1,324,363 | +€131,922 | +11.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,173,849 | €1,305,771 | +€131,922 | +11.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,510 | €96,510 | = | 0.0% |
| Distributable reserves | 133 | €1,075,480 | €1,207,401 | +€131,922 | +12.3% |
| Amounts payable | 17/49 | €826,113 | €1,027,948 | +€201,835 | +24.4% |
| Amounts payable after more than one year | 17 | - | €1,000 | +€1,000 | |
| Other amounts payable | 178/9 | - | €1,000 | +€1,000 | |
| Amounts payable within one year | 42/48 | €826,113 | €1,026,948 | +€200,835 | +24.3% |
| Trade debts | 44 | €293,732 | €468,833 | +€175,100 | +59.6% |
| Suppliers | 440/4 | €293,732 | €468,833 | +€175,100 | +59.6% |
| Taxes, remuneration and social security | 45 | €49,527 | €18,763 | -€30,765 | -62.1% |
| Taxes | 450/3 | €34,028 | €18,601 | -€15,427 | -45.3% |
| Remuneration and social security | 454/9 | €15,500 | €162 | -€15,338 | -99.0% |
| Other amounts payable | 47/48 | €482,853 | €539,353 | +€56,500 | +11.7% |
| Remuneration, social security and pensions | 62 | €92,165 | €58,285 | -€33,881 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,396 | €38,483 | -€11,912 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €280 | +€280 | |
| Other operating charges | 640/8 | €1,725 | €453 | -€1,272 | -73.7% |
| Gross operating margin | 9900 | €302,015 | €369,955 | +€67,940 | +22.5% |
| Operating profit (loss) | 9901 | €157,728 | €272,454 | +€114,726 | +72.7% |
| Financial income | 75/76B | €19,800 | €2,810 | -€16,990 | -85.8% |
| Recurring financial income | 75 | €19,800 | €2,810 | -€16,990 | -85.8% |
| Financial charges | 65/66B | €31,732 | €31,740 | +€8 | 0.0% |
| Recurring financial charges | 65 | €31,732 | €31,740 | +€8 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €145,796 | €243,523 | +€97,727 | +67.0% |
| Income taxes | 67/77 | €25,127 | €44,729 | +€19,602 | +78.0% |
| Profit (loss) for the period | 9904 | €120,669 | €198,794 | +€78,125 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,669 | €198,794 | +€78,125 | +64.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.