De Laender Johan: 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.
De Laender Johan
Largest movements
- Stocks and contracts +€155,338
up €155,338 (+53.7%), from €289,477 to €444,815
- Cash -€76,684
down €76,684 (-87.3%), from €87,826 to €11,142
mainly Stocks and contracts (-€155,338) and Current portion of long-term debt (-€4,152)
- Tangible fixed assets -€5,025
down €5,025 (-86.7%), from €5,797 to €771
of which Furniture and vehicles: -€3,599
- Other debts +€82,126
up €82,126 (+425%), from €19,306 to €101,432
- Gross operating margin -€52,401
down €52,401 (-72.0%), from €72,817 to €20,416
- Financial charges -€13,067
down €13,067 (-48.0%), from €27,201 to €14,133
- Taxes -€6,872
down €6,872 (-84.6%), from €8,123 to €1,250
- Depreciation -€2,850
down €2,850 (-36.2%), from €7,875 to €5,025
- Other operating charges -€733
down €733 (-44.8%), from €1,636 to €903
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 | €407,423 | €485,115 | +€77,692 | +19.1% |
| Fixed assets | 21/28 | €6,547 | €1,521 | -€5,025 | -76.8% |
| Tangible fixed assets | 22/27 | €5,797 | €771 | -€5,025 | -86.7% |
| Plant, machinery and equipment | 23 | €852 | €101 | -€751 | -88.2% |
| Furniture and vehicles | 24 | €3,599 | - | -€3,599 | |
| Other tangible fixed assets | 26 | €1,346 | €671 | -€676 | -50.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €400,876 | €483,594 | +€82,718 | +20.6% |
| Stocks and contracts in progress | 3 | €289,477 | €444,815 | +€155,338 | +53.7% |
| Stocks | 30/36 | €289,477 | €444,815 | +€155,338 | +53.7% |
| Amounts receivable within one year | 40/41 | €18,891 | €22,497 | +€3,606 | +19.1% |
| Trade receivables | 40 | €9,247 | €15,975 | +€6,728 | +72.8% |
| Other amounts receivable | 41 | €9,643 | €6,522 | -€3,121 | -32.4% |
| Cash at bank and in hand | 54/58 | €87,826 | €11,142 | -€76,684 | -87.3% |
| Deferred charges and accrued income | 490/1 | €4,682 | €5,139 | +€458 | +9.8% |
| Total equity and liabilities | 10/49 | €407,423 | €485,115 | +€77,692 | +19.1% |
| Equity | 10/15 | €175,200 | €175,455 | +€255 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,540 | €156,540 | = | 0.0% |
| Distributable reserves | 133 | €156,540 | €156,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60 | €315 | +€255 | +423% |
| Amounts payable | 17/49 | €232,223 | €309,660 | +€77,437 | +33.3% |
| Amounts payable after more than one year | 17 | €195,000 | €195,000 | = | 0.0% |
| Financial debts | 170/4 | €195,000 | €195,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,832 | €111,870 | +€76,038 | +212% |
| Current portion of amounts payable after more than one year | 42 | €4,152 | - | -€4,152 | |
| Trade debts | 44 | €7,251 | €5,153 | -€2,097 | -28.9% |
| Suppliers | 440/4 | €7,251 | €5,153 | -€2,097 | -28.9% |
| Taxes, remuneration and social security | 45 | €5,123 | €5,285 | +€162 | +3.2% |
| Taxes | 450/3 | €5,123 | €3,335 | -€1,788 | -34.9% |
| Remuneration and social security | 454/9 | - | €1,950 | +€1,950 | |
| Other amounts payable | 47/48 | €19,306 | €101,432 | +€82,126 | +425% |
| Accrued charges and deferred income | 492/3 | €1,391 | €2,790 | +€1,399 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,875 | €5,025 | -€2,850 | -36.2% |
| Other operating charges | 640/8 | €1,636 | €903 | -€733 | -44.8% |
| Gross operating margin | 9900 | €72,817 | €20,416 | -€52,401 | -72.0% |
| Operating profit (loss) | 9901 | €63,306 | €14,487 | -€48,818 | -77.1% |
| Financial income | 75/76B | €605 | €1,151 | +€547 | +90.4% |
| Recurring financial income | 75 | €605 | €1,151 | +€547 | +90.4% |
| Financial charges | 65/66B | €27,201 | €14,133 | -€13,067 | -48.0% |
| Recurring financial charges | 65 | €27,201 | €14,133 | -€13,067 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €36,710 | €1,505 | -€35,204 | -95.9% |
| Income taxes | 67/77 | €8,123 | €1,250 | -€6,872 | -84.6% |
| Profit (loss) for the period | 9904 | €28,587 | €255 | -€28,332 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,587 | €255 | -€28,332 | -99.1% |
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 14 October 2026 via checked.be.