LIEVEN VAN TONGERLOO: 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.
LIEVEN VAN TONGERLOO
Largest movements
- Cash +€88,128
up €88,128 (+80.7%), from €109,212 to €197,340
mainly Net result for the year (+€90,566) and Depreciation (+€21,713)
- Tangible fixed assets -€5,213
down €5,213 (-6.5%), from €80,096 to €74,882
of which Furniture and vehicles: -€4,237
- Reserves +€89,766
up €89,766 (+26.3%), from €341,728 to €431,495
- Debts after one year -€12,663
down €12,663 (-45.0%), from €28,126 to €15,463
- Tax, wage and social debts +€6,693
up €6,693 (+39.1%), from €17,112 to €23,805
- Gross operating margin +€47,349
up €47,349 (+45.5%), from €104,132 to €151,482
- Taxes +€14,526
up €14,526 (+62.3%), from €23,325 to €37,851
- Depreciation +€3,314
up €3,314 (+18.0%), from €18,399 to €21,713
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 | €424,037 | €509,070 | +€85,033 | +20.1% |
| Fixed assets | 21/28 | €80,096 | €74,882 | -€5,213 | -6.5% |
| Tangible fixed assets | 22/27 | €80,096 | €74,882 | -€5,213 | -6.5% |
| Land and buildings | 22 | €977 | - | -€977 | |
| Furniture and vehicles | 24 | €79,119 | €74,882 | -€4,237 | -5.4% |
| Current assets | 29/58 | €343,941 | €434,188 | +€90,246 | +26.2% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,364 | €21,461 | +€2,097 | +10.8% |
| Trade receivables | 40 | €19,360 | €21,458 | +€2,098 | +10.8% |
| Other amounts receivable | 41 | €4 | €3 | -€1 | -29.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,212 | €197,340 | +€88,128 | +80.7% |
| Deferred charges and accrued income | 490/1 | €365 | €387 | +€22 | +6.0% |
| Total equity and liabilities | 10/49 | €424,037 | €509,070 | +€85,033 | +20.1% |
| Equity | 10/15 | €357,996 | €447,762 | +€89,766 | +25.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €341,728 | €431,495 | +€89,766 | +26.3% |
| Distributable reserves | 133 | €341,728 | €431,495 | +€89,766 | +26.3% |
| Profit (loss) carried forward | 14 | €1,267 | €1,267 | = | 0.0% |
| Amounts payable | 17/49 | €66,041 | €61,308 | -€4,733 | -7.2% |
| Amounts payable after more than one year | 17 | €28,126 | €15,463 | -€12,663 | -45.0% |
| Financial debts | 170/4 | €28,126 | €15,463 | -€12,663 | -45.0% |
| Amounts payable within one year | 42/48 | €37,915 | €45,845 | +€7,929 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €12,141 | €12,663 | +€522 | +4.3% |
| Trade debts | 44 | €2,737 | €3,097 | +€360 | +13.2% |
| Suppliers | 440/4 | €2,737 | €3,097 | +€360 | +13.2% |
| Taxes, remuneration and social security | 45 | €17,112 | €23,805 | +€6,693 | +39.1% |
| Taxes | 450/3 | €17,112 | €23,805 | +€6,693 | +39.1% |
| Other amounts payable | 47/48 | €5,926 | €6,280 | +€354 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,399 | €21,713 | +€3,314 | +18.0% |
| Other operating charges | 640/8 | €617 | €507 | -€110 | -17.8% |
| Gross operating margin | 9900 | €104,132 | €151,482 | +€47,349 | +45.5% |
| Operating profit (loss) | 9901 | €85,116 | €129,262 | +€44,145 | +51.9% |
| Financial income | 75/76B | €4 | €562 | +€558 | +13,810% |
| Recurring financial income | 75 | €4 | €562 | +€558 | +13,810% |
| Financial charges | 65/66B | €1,824 | €1,406 | -€417 | -22.9% |
| Recurring financial charges | 65 | €1,824 | €1,406 | -€417 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €83,296 | €128,417 | +€45,121 | +54.2% |
| Income taxes | 67/77 | €23,325 | €37,851 | +€14,526 | +62.3% |
| Profit (loss) for the period | 9904 | €59,972 | €90,566 | +€30,595 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,972 | €90,566 | +€30,595 | +51.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.