DR.C. VAN LAERE: 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.
DR.C. VAN LAERE
Largest movements
- Current investments -€363,405
down €363,405 (-74.0%), from €491,019 to €127,614
- Receivables after one year +€245,694
new in 2025: €245,694
- Receivables within one year +€58,929
up €58,929 (+115%), from €51,449 to €110,378
of which Other amounts receivable: +€58,209
- Tangible fixed assets -€49,122
down €49,122 (-21.5%), from €228,505 to €179,383
of which Land and buildings: -€35,142
- Deferred charges and accrued income -€31,854
down €31,854 (-27.0%), from €118,196 to €86,342
- Reserves -€113,142
down €113,142 (-12.1%), from €936,252 to €823,110
- Tax, wage and social debts -€56,889
no longer reported in 2025 (was €56,889)
- Gross operating margin -€82,030
down €82,030 (-25.5%), from €321,541 to €239,511
- Financial income +€33,269
up €33,269 (+196%), from €17,010 to €50,279
- Taxes -€24,409
down €24,409 (-28.3%), from €86,328 to €61,919
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 | €1,011,627 | €844,813 | -€166,814 | -16.5% |
| Fixed assets | 21/28 | €228,505 | €179,383 | -€49,122 | -21.5% |
| Tangible fixed assets | 22/27 | €228,505 | €179,383 | -€49,122 | -21.5% |
| Land and buildings | 22 | €173,023 | €137,881 | -€35,142 | -20.3% |
| Plant, machinery and equipment | 23 | €7,917 | €7,705 | -€211 | -2.7% |
| Furniture and vehicles | 24 | €44,466 | €30,697 | -€13,769 | -31.0% |
| Other tangible fixed assets | 26 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €783,121 | €665,430 | -€117,692 | -15.0% |
| Amounts receivable after more than one year | 29 | - | €245,694 | +€245,694 | |
| Other amounts receivable | 291 | - | €245,694 | +€245,694 | |
| Amounts receivable within one year | 40/41 | €51,449 | €110,378 | +€58,929 | +115% |
| Trade receivables | 40 | €4,360 | €5,080 | +€720 | +16.5% |
| Other amounts receivable | 41 | €47,089 | €105,298 | +€58,209 | +124% |
| Current investments | 50/53 | €491,019 | €127,614 | -€363,405 | -74.0% |
| Cash at bank and in hand | 54/58 | €122,459 | €95,402 | -€27,056 | -22.1% |
| Deferred charges and accrued income | 490/1 | €118,196 | €86,342 | -€31,854 | -27.0% |
| Total equity and liabilities | 10/49 | €1,011,627 | €844,813 | -€166,814 | -16.5% |
| Equity | 10/15 | €948,652 | €835,510 | -€113,142 | -11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €936,252 | €823,110 | -€113,142 | -12.1% |
| Distributable reserves | 133 | €936,252 | €823,110 | -€113,142 | -12.1% |
| Amounts payable | 17/49 | €62,975 | €9,303 | -€53,672 | -85.2% |
| Amounts payable within one year | 42/48 | €62,975 | €9,303 | -€53,672 | -85.2% |
| Trade debts | 44 | €578 | €2,690 | +€2,111 | +365% |
| Suppliers | 440/4 | €578 | €2,690 | +€2,111 | +365% |
| Taxes, remuneration and social security | 45 | €56,889 | - | -€56,889 | |
| Taxes | 450/3 | €56,889 | - | -€56,889 | |
| Other amounts payable | 47/48 | €5,508 | €6,613 | +€1,105 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,613 | €55,125 | +€2,512 | +4.8% |
| Other operating charges | 640/8 | €4,682 | €7,391 | +€2,710 | +57.9% |
| Gross operating margin | 9900 | €321,541 | €239,511 | -€82,030 | -25.5% |
| Operating profit (loss) | 9901 | €264,246 | €176,994 | -€87,251 | -33.0% |
| Financial income | 75/76B | €17,010 | €50,279 | +€33,269 | +196% |
| Recurring financial income | 75 | €17,010 | €50,279 | +€33,269 | +196% |
| Financial charges | 65/66B | €85 | €64 | -€21 | -24.9% |
| Recurring financial charges | 65 | €85 | €64 | -€21 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €281,171 | €227,209 | -€53,961 | -19.2% |
| Income taxes | 67/77 | €86,328 | €61,919 | -€24,409 | -28.3% |
| Profit (loss) for the period | 9904 | €194,843 | €165,290 | -€29,553 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €194,843 | €165,290 | -€29,553 | -15.2% |
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 16 October 2026 via checked.be.