Paul Van Laer: 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.
Paul Van Laer
Largest movements
- Stocks and contracts +€405,000
up €405,000 (+78.6%), from €515,440 to €920,440
- Cash -€117,088
down €117,088 (-59.1%), from €198,012 to €80,924
mainly Stocks and contracts (-€405,000) and Receivables within one year (-€102,518)
- Receivables within one year +€102,518
up €102,518 (+365%), from €28,095 to €130,612
of which Other amounts receivable: +€101,131
- Debts after one year +€217,000
up €217,000 (+99.0%), from €219,250 to €436,250
- Profit (loss) carried forward +€89,385
no longer reported in 2024 (was -€89,385)
- Trade debts +€36,284
up €36,284 (+6,255%), from €580 to €36,864
- Reserves +€28,969
new in 2024: €28,969
- Tax, wage and social debts +€19,738
up €19,738 (+251%), from €7,874 to €27,612
- Taxes +€16,691
up €16,691 (+6,691%), from €249 to €16,940
- Financial income +€3,000
new in 2024: €3,000
- Financial charges -€2,593
down €2,593 (-9.9%), from €26,304 to €23,711
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,547 | €1,133,519 | +€391,972 | +52.9% |
| Fixed assets | 21/28 | - | €1,542 | +€1,542 | |
| Tangible fixed assets | 22/27 | - | €1,542 | +€1,542 | |
| Furniture and vehicles | 24 | - | €1,542 | +€1,542 | |
| Current assets | 29/58 | €741,547 | €1,131,976 | +€390,430 | +52.7% |
| Stocks and contracts in progress | 3 | €515,440 | €920,440 | +€405,000 | +78.6% |
| Stocks | 30/36 | €515,440 | €920,440 | +€405,000 | +78.6% |
| Amounts receivable within one year | 40/41 | €28,095 | €130,612 | +€102,518 | +365% |
| Trade receivables | 40 | €7,894 | €9,281 | +€1,386 | +17.6% |
| Other amounts receivable | 41 | €20,201 | €121,332 | +€101,131 | +501% |
| Cash at bank and in hand | 54/58 | €198,012 | €80,924 | -€117,088 | -59.1% |
| Total equity and liabilities | 10/49 | €741,547 | €1,133,519 | +€391,972 | +52.9% |
| Equity | 10/15 | €129,215 | €247,569 | +€118,353 | +91.6% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | - | €28,969 | +€28,969 | |
| Distributable reserves | 133 | - | €28,969 | +€28,969 | |
| Profit (loss) carried forward | 14 | -€89,385 | - | +€89,385 | |
| Amounts payable | 17/49 | €612,331 | €885,950 | +€273,619 | +44.7% |
| Amounts payable after more than one year | 17 | €219,250 | €436,250 | +€217,000 | +99.0% |
| Financial debts | 170/4 | €219,250 | €436,250 | +€217,000 | +99.0% |
| Amounts payable within one year | 42/48 | €393,081 | €449,700 | +€56,619 | +14.4% |
| Trade debts | 44 | €580 | €36,864 | +€36,284 | +6,255% |
| Suppliers | 440/4 | €580 | €36,864 | +€36,284 | +6,255% |
| Taxes, remuneration and social security | 45 | €7,874 | €27,612 | +€19,738 | +251% |
| Taxes | 450/3 | €7,874 | €27,612 | +€19,738 | +251% |
| Other amounts payable | 47/48 | €384,627 | €385,224 | +€597 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €220 | +€220 | |
| Other operating charges | 640/8 | €2,184 | €1,790 | -€394 | -18.0% |
| Gross operating margin | 9900 | €158,154 | €158,015 | -€139 | -0.1% |
| Operating profit (loss) | 9901 | €155,971 | €156,005 | +€34 | 0.0% |
| Financial income | 75/76B | - | €3,000 | +€3,000 | |
| Recurring financial income | 75 | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €26,304 | €23,711 | -€2,593 | -9.9% |
| Recurring financial charges | 65 | €26,304 | €23,711 | -€2,593 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €129,667 | €135,294 | +€5,627 | +4.3% |
| Income taxes | 67/77 | €249 | €16,940 | +€16,691 | +6,691% |
| Profit (loss) for the period | 9904 | €129,417 | €118,353 | -€11,064 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €129,417 | €118,353 | -€11,064 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.