Johan Van Laerhoven: what changed
Johan Van Laerhoven
Largest movements
- Tangible fixed assets +€65,753
up €65,753 (+674%), from €9,752 to €75,504
of which Plant, machinery and equipment: +€67,553
- Cash +€34,744
up €34,744 (+292%), from €11,898 to €46,642
mainly Trade debts (+€69,204) and Net result for the year (+€30,269)
- Receivables within one year +€11,015
up €11,015 (+42.8%), from €25,752 to €36,767
of which Other amounts receivable: +€21,897
- Trade debts +€69,204
up €69,204 (+664%), from €10,420 to €79,624
- Reserves +€30,269
up €30,269 (+122%), from €24,839 to €55,109
- Tax, wage and social debts +€12,038
up €12,038 (+132%), from €9,143 to €21,181
- Gross operating margin +€11,622
up €11,622 (+34.9%), from €33,267 to €44,888
- Taxes +€3,739
up €3,739 (+45.2%), from €8,280 to €12,019
- Depreciation +€2,284
up €2,284 (+2,002%), from €114 to €2,398
- Other operating charges +€626
up €626 (+162%), from €387 to €1,014
- Financial income +€495
up €495 (+136%), from €365 to €861
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,402 | €158,913 | +€111,511 | +235% |
| Fixed assets | 21/28 | €9,752 | €75,504 | +€65,753 | +674% |
| Tangible fixed assets | 22/27 | €9,752 | €75,504 | +€65,753 | +674% |
| Plant, machinery and equipment | 23 | €865 | €68,418 | +€67,553 | +7,810% |
| Furniture and vehicles | 24 | €8,887 | €7,087 | -€1,800 | -20.3% |
| Current assets | 29/58 | €37,650 | €83,409 | +€45,759 | +122% |
| Amounts receivable within one year | 40/41 | €25,752 | €36,767 | +€11,015 | +42.8% |
| Trade receivables | 40 | €10,882 | - | -€10,882 | |
| Other amounts receivable | 41 | €14,870 | €36,767 | +€21,897 | +147% |
| Cash at bank and in hand | 54/58 | €11,898 | €46,642 | +€34,744 | +292% |
| Total equity and liabilities | 10/49 | €47,402 | €158,913 | +€111,511 | +235% |
| Equity | 10/15 | €27,839 | €58,109 | +€30,269 | +109% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,839 | €55,109 | +€30,269 | +122% |
| Distributable reserves | 133 | €24,839 | €55,109 | +€30,269 | +122% |
| Amounts payable | 17/49 | €19,563 | €100,804 | +€81,242 | +415% |
| Amounts payable within one year | 42/48 | €19,563 | €100,804 | +€81,242 | +415% |
| Trade debts | 44 | €10,420 | €79,624 | +€69,204 | +664% |
| Suppliers | 440/4 | €10,420 | €79,624 | +€69,204 | +664% |
| Taxes, remuneration and social security | 45 | €9,143 | €21,181 | +€12,038 | +132% |
| Taxes | 450/3 | €9,143 | €21,181 | +€12,038 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | €2,398 | +€2,284 | +2,002% |
| Other operating charges | 640/8 | €387 | €1,014 | +€626 | +162% |
| Gross operating margin | 9900 | €33,267 | €44,888 | +€11,622 | +34.9% |
| Operating profit (loss) | 9901 | €32,765 | €41,477 | +€8,712 | +26.6% |
| Financial income | 75/76B | €365 | €861 | +€495 | +136% |
| Recurring financial income | 75 | €365 | €861 | +€495 | +136% |
| Financial charges | 65/66B | €11 | €49 | +€37 | +332% |
| Recurring financial charges | 65 | €11 | €49 | +€37 | +332% |
| Profit (loss) for the period before taxes | 9903 | €33,119 | €42,289 | +€9,169 | +27.7% |
| Income taxes | 67/77 | €8,280 | €12,019 | +€3,739 | +45.2% |
| Profit (loss) for the period | 9904 | €24,839 | €30,269 | +€5,430 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,839 | €30,269 | +€5,430 | +21.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.